RESPA-RS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RESPA-RS
Largest movements
- Receivables within one year +€28,541
up €28,541 (+132.3%), from €21,573 to €50,114
of which Trade receivables: +€16,429
- Deferred charges and accrued income +€3,416
up €3,416 (+396.1%), from €862 to €4,278
- Cash +€1,182
up €1,182 (+97.7%), from €1,209 to €2,391
mainly Net result for the year (+€36,534) and Depreciation (+€9,807)
- Tangible fixed assets -€952
down €952 (-3.6%), from €26,151 to €25,199
of which Other tangible fixed assets: -€2,984
- Profit (loss) carried forward +€18,534
up €18,534, from -€18,419 to €115
- Tax, wage and social debts +€4,562
up €4,562 (+58.5%), from €7,801 to €12,363
of which Taxes: +€3,153
- Debts after one year +€4,322
up €4,322 (+25.6%), from €16,850 to €21,172
- Trade debts +€3,097
up €3,097 (+8.3%), from €37,405 to €40,502
- Current portion of long-term debt +€1,180
up €1,180 (+26.5%), from €4,446 to €5,625
- Gross operating margin +€90,917
up €90,917, from -€1,595 to €89,322
- Staff costs +€29,251
up €29,251 (+333.5%), from €8,772 to €38,024
- Financial charges +€963
up €963 (+31.5%), from €3,058 to €4,021
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,181 | €82,367 | +€32,186 | +64.1% |
| Fixed assets | 21/28 | €26,536 | €25,584 | -€952 | -3.6% |
| Tangible fixed assets | 22/27 | €26,151 | €25,199 | -€952 | -3.6% |
| Plant, machinery and equipment | 23 | €2,562 | €1,429 | -€1,133 | -44.2% |
| Furniture and vehicles | 24 | - | €3,164 | +€3,164 | |
| Other tangible fixed assets | 26 | €23,590 | €20,606 | -€2,984 | -12.6% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €23,645 | €56,783 | +€33,139 | +140.2% |
| Amounts receivable within one year | 40/41 | €21,573 | €50,114 | +€28,541 | +132.3% |
| Trade receivables | 40 | €19,218 | €35,646 | +€16,429 | +85.5% |
| Other amounts receivable | 41 | €2,355 | €14,468 | +€12,112 | +514.3% |
| Cash at bank and in hand | 54/58 | €1,209 | €2,391 | +€1,182 | +97.7% |
| Deferred charges and accrued income | 490/1 | €862 | €4,278 | +€3,416 | +396.1% |
| Total equity and liabilities | 10/49 | €50,181 | €82,367 | +€32,186 | +64.1% |
| Equity | 10/15 | -€16,419 | €2,115 | +€18,534 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,419 | €115 | +€18,534 | |
| Amounts payable | 17/49 | €66,600 | €80,253 | +€13,652 | +20.5% |
| Amounts payable after more than one year | 17 | €16,850 | €21,172 | +€4,322 | +25.6% |
| Financial debts | 170/4 | €16,850 | €21,172 | +€4,322 | +25.6% |
| Amounts payable within one year | 42/48 | €49,688 | €58,491 | +€8,803 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €4,446 | €5,625 | +€1,180 | +26.5% |
| Trade debts | 44 | €37,405 | €40,502 | +€3,097 | +8.3% |
| Suppliers | 440/4 | €37,405 | €40,502 | +€3,097 | +8.3% |
| Taxes, remuneration and social security | 45 | €7,801 | €12,363 | +€4,562 | +58.5% |
| Taxes | 450/3 | €1,067 | €4,220 | +€3,153 | +295.4% |
| Remuneration and social security | 454/9 | €6,734 | €8,143 | +€1,409 | +20.9% |
| Other amounts payable | 47/48 | €36 | - | -€36 | |
| Accrued charges and deferred income | 492/3 | €62 | €591 | +€528 | +845.4% |
| Remuneration, social security and pensions | 62 | €8,772 | €38,024 | +€29,251 | +333.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €9,807 | +€533 | +5.8% |
| Other operating charges | 640/8 | €149 | €126 | -€23 | -15.6% |
| Gross operating margin | 9900 | -€1,595 | €89,322 | +€90,917 | |
| Operating profit (loss) | 9901 | -€19,789 | €41,366 | +€61,155 | |
| Financial income | 75/76B | €362 | €35 | -€327 | -90.3% |
| Recurring financial income | 75 | €362 | €35 | -€327 | -90.3% |
| Financial charges | 65/66B | €3,058 | €4,021 | +€963 | +31.5% |
| Recurring financial charges | 65 | €3,058 | €4,021 | +€963 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,485 | €37,380 | +€59,865 | |
| Income taxes | 67/77 | - | €846 | +€846 | |
| Profit (loss) for the period | 9904 | -€22,485 | €36,534 | +€59,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,485 | €36,534 | +€59,019 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.