RESTO WORK: what changed
Two financial 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.
RESTO WORK
Largest movements
- Current investments +€127,850
new in 2025: €127,850
- Cash -€47,033
down €47,033 (-73.6%), from €63,874 to €16,841
mainly Current investments (-€127,850) and Investment in fixed assets (net) (-€12,950)
- Tangible fixed assets +€12,120
new in 2025: €12,120
- Deferred charges and accrued income +€2,288
new in 2025: €2,288
- Receivables within one year -€2,278
down €2,278 (-8.4%), from €27,242 to €24,964
of which Other amounts receivable: -€2,278
- Reserves +€87,837
up €87,837 (+153.0%), from €57,393 to €145,230
of which Distributable reserves: +€87,837
- Tax, wage and social debts +€8,220
new in 2025: €8,220
- Other debts -€3,301
down €3,301 (-79.7%), from €4,140 to €839
- Taxes +€35,065
up €35,065 (+566.4%), from €6,191 to €41,256
- Gross operating margin -€32,381
down €32,381 (-19.7%), from €164,227 to €131,846
- Other operating charges -€2,581
down €2,581 (-77.2%), from €3,343 to €762
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 | €91,710 | €184,657 | +€92,947 | +101.3% |
| Fixed assets | 21/28 | €595 | €12,715 | +€12,120 | +2037.1% |
| Tangible fixed assets | 22/27 | - | €12,120 | +€12,120 | |
| Furniture and vehicles | 24 | - | €12,120 | +€12,120 | |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €91,116 | €171,942 | +€80,827 | +88.7% |
| Amounts receivable within one year | 40/41 | €27,242 | €24,964 | -€2,278 | -8.4% |
| Trade receivables | 40 | €4,175 | €4,175 | = | 0.0% |
| Other amounts receivable | 41 | €23,067 | €20,789 | -€2,278 | -9.9% |
| Current investments | 50/53 | - | €127,850 | +€127,850 | |
| Cash at bank and in hand | 54/58 | €63,874 | €16,841 | -€47,033 | -73.6% |
| Deferred charges and accrued income | 490/1 | - | €2,288 | +€2,288 | |
| Total equity and liabilities | 10/49 | €91,710 | €184,657 | +€92,947 | +101.3% |
| Equity | 10/15 | €87,393 | €175,230 | +€87,837 | +100.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €57,393 | €145,230 | +€87,837 | +153.0% |
| Tax-exempt reserves | 132 | €2,450 | €2,450 | = | 0.0% |
| Distributable reserves | 133 | €54,943 | €142,780 | +€87,837 | +159.9% |
| Amounts payable | 17/49 | €4,317 | €9,427 | +€5,109 | +118.3% |
| Amounts payable within one year | 42/48 | €4,317 | €9,427 | +€5,109 | +118.3% |
| Trade debts | 44 | €177 | €368 | +€190 | +107.2% |
| Suppliers | 440/4 | €177 | €368 | +€190 | +107.2% |
| Taxes, remuneration and social security | 45 | - | €8,220 | +€8,220 | |
| Taxes | 450/3 | - | €8,220 | +€8,220 | |
| Other amounts payable | 47/48 | €4,140 | €839 | -€3,301 | -79.7% |
| Remuneration, social security and pensions | 62 | €34 | -€144 | -€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €830 | +€830 | |
| Other operating charges | 640/8 | €3,343 | €762 | -€2,581 | -77.2% |
| Gross operating margin | 9900 | €164,227 | €131,846 | -€32,381 | -19.7% |
| Operating profit (loss) | 9901 | €160,850 | €130,398 | -€30,452 | -18.9% |
| Financial income | 75/76B | €34 | €1,241 | +€1,207 | +3513.5% |
| Recurring financial income | 75 | €34 | €1,241 | +€1,207 | +3513.5% |
| Financial charges | 65/66B | €3,204 | €2,546 | -€658 | -20.5% |
| Recurring financial charges | 65 | €3,204 | €2,546 | -€658 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €157,680 | €129,093 | -€28,587 | -18.1% |
| Income taxes | 67/77 | €6,191 | €41,256 | +€35,065 | +566.4% |
| Profit (loss) for the period | 9904 | €151,489 | €87,837 | -€63,651 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,489 | €87,837 | -€63,651 | -42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.