RESTOG: 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.
RESTOG
Largest movements
- Cash +€102,980
up €102,980 (+107%), from €96,013 to €198,993
mainly Net result for the year (+€71,563) and Tax, wage and social debts (+€47,167)
- Receivables after one year +€39,272
up €39,272 (+32.5%), from €120,907 to €160,178
- Tangible fixed assets -€21,842
down €21,842 (-17.9%), from €121,971 to €100,129
of which Furniture and vehicles: -€17,009
- Receivables within one year +€5,535
up €5,535 (+671%), from €825 to €6,361
of which Other amounts receivable: +€5,067
- Reserves +€71,563
up €71,563 (+31.1%), from €229,970 to €301,533
of which Distributable reserves: +€71,563
- Tax, wage and social debts +€47,167
up €47,167 (+76.3%), from €61,817 to €108,984
of which Taxes: +€49,790
- Trade debts +€11,975
up €11,975 (+153%), from €7,833 to €19,808
- Debts after one year -€8,607
down €8,607 (-33.1%), from €26,031 to €17,424
- Gross operating margin -€270,438
down €270,438 (-41.6%), from €650,751 to €380,313
- Staff costs -€241,238
down €241,238 (-51.7%), from €466,976 to €225,738
- Taxes -€7,203
down €7,203 (-14.0%), from €51,544 to €44,341
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.
Derived cash bridge
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 | €352,535 | €476,887 | +€124,352 | +35.3% |
| Fixed assets | 21/28 | €122,021 | €100,179 | -€21,842 | -17.9% |
| Tangible fixed assets | 22/27 | €121,971 | €100,129 | -€21,842 | -17.9% |
| Plant, machinery and equipment | 23 | €5,756 | €3,309 | -€2,447 | -42.5% |
| Furniture and vehicles | 24 | €87,909 | €70,900 | -€17,009 | -19.3% |
| Other tangible fixed assets | 26 | €28,306 | €25,921 | -€2,385 | -8.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €230,514 | €376,709 | +€146,194 | +63.4% |
| Amounts receivable after more than one year | 29 | €120,907 | €160,178 | +€39,272 | +32.5% |
| Trade receivables | 290 | €120,907 | €160,178 | +€39,272 | +32.5% |
| Stocks and contracts in progress | 3 | €1,618 | €1,011 | -€607 | -37.5% |
| Stocks | 30/36 | €1,618 | €1,011 | -€607 | -37.5% |
| Amounts receivable within one year | 40/41 | €825 | €6,361 | +€5,535 | +671% |
| Trade receivables | 40 | €825 | €1,294 | +€469 | +56.8% |
| Other amounts receivable | 41 | - | €5,067 | +€5,067 | |
| Cash at bank and in hand | 54/58 | €96,013 | €198,993 | +€102,980 | +107% |
| Deferred charges and accrued income | 490/1 | €11,152 | €10,166 | -€986 | -8.8% |
| Total equity and liabilities | 10/49 | €352,535 | €476,887 | +€124,352 | +35.3% |
| Equity | 10/15 | €248,562 | €320,125 | +€71,563 | +28.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,970 | €301,533 | +€71,563 | +31.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €228,111 | €299,674 | +€71,563 | +31.4% |
| Amounts payable | 17/49 | €103,973 | €156,762 | +€52,789 | +50.8% |
| Amounts payable after more than one year | 17 | €26,031 | €17,424 | -€8,607 | -33.1% |
| Financial debts | 170/4 | €26,031 | €17,424 | -€8,607 | -33.1% |
| Amounts payable within one year | 42/48 | €77,942 | €137,399 | +€59,457 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €8,292 | €8,607 | +€316 | +3.8% |
| Trade debts | 44 | €7,833 | €19,808 | +€11,975 | +153% |
| Suppliers | 440/4 | €7,833 | €19,808 | +€11,975 | +153% |
| Taxes, remuneration and social security | 45 | €61,817 | €108,984 | +€47,167 | +76.3% |
| Taxes | 450/3 | €35,965 | €85,755 | +€49,790 | +138% |
| Remuneration and social security | 454/9 | €25,853 | €23,229 | -€2,623 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €1,939 | +€1,939 | |
| Remuneration, social security and pensions | 62 | €466,976 | €225,738 | -€241,238 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,915 | €32,085 | -€4,830 | -13.1% |
| Other operating charges | 640/8 | €5,967 | €4,443 | -€1,524 | -25.5% |
| Gross operating margin | 9900 | €650,751 | €380,313 | -€270,438 | -41.6% |
| Operating profit (loss) | 9901 | €140,892 | €118,047 | -€22,845 | -16.2% |
| Financial income | 75/76B | €2,438 | €3,533 | +€1,095 | +44.9% |
| Recurring financial income | 75 | €2,438 | €3,533 | +€1,095 | +44.9% |
| Financial charges | 65/66B | €7,810 | €5,675 | -€2,135 | -27.3% |
| Recurring financial charges | 65 | €7,810 | €5,675 | -€2,135 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €135,520 | €115,905 | -€19,616 | -14.5% |
| Income taxes | 67/77 | €51,544 | €44,341 | -€7,203 | -14.0% |
| Profit (loss) for the period | 9904 | €83,976 | €71,563 | -€12,413 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,976 | €71,563 | -€12,413 | -14.8% |
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 15 October 2026 via checked.be.