RESUL-23: 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.
RESUL-23
Largest movements
- Tangible fixed assets -€16,941
down €16,941 (-33.1%), from €51,241 to €34,301
of which Furniture and vehicles: -€15,576
- Receivables within one year +€11,766
up €11,766 (+101.8%), from €11,556 to €23,322
of which Other amounts receivable: +€11,511
- Cash +€10,048
up €10,048 (+69.0%), from €14,562 to €24,610
mainly Depreciation (+€25,711) and Tax, wage and social debts (+€24,280)
- Stocks and contracts -€4,815
down €4,815 (-34.3%), from €14,045 to €9,230
- Intangible fixed assets -€3,000
down €3,000 (-14.3%), from €21,000 to €18,000
- Tax, wage and social debts +€24,280
up €24,280 (+189.5%), from €12,813 to €37,093
of which Remuneration and social security: +€18,852
- Debts after one year -€12,886
down €12,886 (-54.3%), from €23,715 to €10,829
- Trade debts -€11,911
down €11,911 (-30.2%), from €39,465 to €27,553
- Profit (loss) carried forward -€2,895
down €2,895 (-51.7%), from -€5,600 to -€8,495
- Staff costs +€6,680
up €6,680 (+5.4%), from €123,303 to €129,983
- Depreciation +€2,533
up €2,533 (+10.9%), from €23,177 to €25,711
- Gross operating margin +€1,841
up €1,841 (+1.1%), from €160,827 to €162,669
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 | €112,808 | €109,866 | -€2,942 | -2.6% |
| Fixed assets | 21/28 | €72,645 | €52,704 | -€19,941 | -27.4% |
| Intangible fixed assets | 21 | €21,000 | €18,000 | -€3,000 | -14.3% |
| Tangible fixed assets | 22/27 | €51,241 | €34,301 | -€16,941 | -33.1% |
| Plant, machinery and equipment | 23 | €3,225 | €1,477 | -€1,747 | -54.2% |
| Furniture and vehicles | 24 | €45,404 | €29,828 | -€15,576 | -34.3% |
| Other tangible fixed assets | 26 | €2,613 | €2,996 | +€383 | +14.7% |
| Financial fixed assets | 28 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €40,163 | €57,162 | +€16,999 | +42.3% |
| Stocks and contracts in progress | 3 | €14,045 | €9,230 | -€4,815 | -34.3% |
| Stocks | 30/36 | €14,045 | €9,230 | -€4,815 | -34.3% |
| Amounts receivable within one year | 40/41 | €11,556 | €23,322 | +€11,766 | +101.8% |
| Trade receivables | 40 | €396 | €651 | +€255 | +64.3% |
| Other amounts receivable | 41 | €11,160 | €22,671 | +€11,511 | +103.2% |
| Cash at bank and in hand | 54/58 | €14,562 | €24,610 | +€10,048 | +69.0% |
| Total equity and liabilities | 10/49 | €112,808 | €109,866 | -€2,942 | -2.6% |
| Equity | 10/15 | €24,400 | €21,505 | -€2,895 | -11.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,600 | -€8,495 | -€2,895 | -51.7% |
| Amounts payable | 17/49 | €88,408 | €88,361 | -€47 | -0.1% |
| Amounts payable after more than one year | 17 | €23,715 | €10,829 | -€12,886 | -54.3% |
| Financial debts | 170/4 | €23,715 | €10,829 | -€12,886 | -54.3% |
| Amounts payable within one year | 42/48 | €64,693 | €77,532 | +€12,840 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €12,415 | €12,886 | +€471 | +3.8% |
| Trade debts | 44 | €39,465 | €27,553 | -€11,911 | -30.2% |
| Suppliers | 440/4 | €39,465 | €27,553 | -€11,911 | -30.2% |
| Taxes, remuneration and social security | 45 | €12,813 | €37,093 | +€24,280 | +189.5% |
| Taxes | 450/3 | €3,069 | €8,497 | +€5,428 | +176.9% |
| Remuneration and social security | 454/9 | €9,744 | €28,596 | +€18,852 | +193.5% |
| Remuneration, social security and pensions | 62 | €123,303 | €129,983 | +€6,680 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,177 | €25,711 | +€2,533 | +10.9% |
| Other operating charges | 640/8 | €3,875 | €2,368 | -€1,507 | -38.9% |
| Gross operating margin | 9900 | €160,827 | €162,669 | +€1,841 | +1.1% |
| Operating profit (loss) | 9901 | €10,473 | €4,607 | -€5,866 | -56.0% |
| Financial charges | 65/66B | €6,191 | €7,502 | +€1,311 | +21.2% |
| Recurring financial charges | 65 | €6,191 | €7,502 | +€1,311 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €4,281 | -€2,895 | -€7,177 | |
| Profit (loss) for the period | 9904 | €4,281 | -€2,895 | -€7,177 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,281 | -€2,895 | -€7,177 |
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.