RESURGAM: 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.
RESURGAM
Largest movements
- Cash -€5,783
down €5,783 (-14.1%), from €41,052 to €35,269
mainly Tax, wage and social debts (-€5,196) and Other debts (-€5,019)
- Tax, wage and social debts -€5,196
down €5,196 (-78.0%), from €6,659 to €1,464
- Other debts -€5,019
down €5,019 (-88.0%), from €5,702 to €683
- Reserves +€4,021
up €4,021 (+4.7%), from €86,364 to €90,384
of which Distributable reserves: +€4,021
- Gross operating margin -€5,765
down €5,765 (-45.4%), from €12,708 to €6,943
- Taxes +€787
up €787 (+116.4%), from €676 to €1,464
- Other operating charges -€153
down €153 (-14.8%), from €1,036 to €883
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 | €119,507 | €113,646 | -€5,860 | -4.9% |
| Fixed assets | 21/28 | €78,455 | €78,083 | -€371 | -0.5% |
| Tangible fixed assets | 22/27 | €955 | €583 | -€371 | -38.9% |
| Plant, machinery and equipment | 23 | €955 | €583 | -€371 | -38.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €77,500 | €77,500 | = | 0.0% |
| Current assets | 29/58 | €41,052 | €35,563 | -€5,489 | -13.4% |
| Amounts receivable within one year | 40/41 | €0 | €294 | +€294 | |
| Other amounts receivable | 41 | €0 | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €41,052 | €35,269 | -€5,783 | -14.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €119,507 | €113,646 | -€5,860 | -4.9% |
| Equity | 10/15 | €104,914 | €108,934 | +€4,021 | +3.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €86,364 | €90,384 | +€4,021 | +4.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €84,509 | €88,529 | +€4,021 | +4.8% |
| Amounts payable | 17/49 | €14,593 | €4,712 | -€9,881 | -67.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,593 | €4,712 | -€9,881 | -67.7% |
| Trade debts | 44 | €2,232 | €2,565 | +€333 | +14.9% |
| Suppliers | 440/4 | €2,232 | €2,565 | +€333 | +14.9% |
| Taxes, remuneration and social security | 45 | €6,659 | €1,464 | -€5,196 | -78.0% |
| Taxes | 450/3 | €6,659 | €1,464 | -€5,196 | -78.0% |
| Other amounts payable | 47/48 | €5,702 | €683 | -€5,019 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €371 | = | 0.0% |
| Other operating charges | 640/8 | €1,036 | €883 | -€153 | -14.8% |
| Non-recurring operating charges | 66A | €9,199 | €0 | -€9,199 | -100.0% |
| Gross operating margin | 9900 | €12,708 | €6,943 | -€5,765 | -45.4% |
| Operating profit (loss) | 9901 | €2,102 | €5,689 | +€3,587 | +170.7% |
| Financial charges | 65/66B | €181 | €204 | +€23 | +12.6% |
| Recurring financial charges | 65 | €181 | €204 | +€23 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €1,920 | €5,484 | +€3,564 | +185.6% |
| Income taxes | 67/77 | €676 | €1,464 | +€787 | +116.4% |
| Profit (loss) for the period | 9904 | €1,244 | €4,021 | +€2,777 | +223.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,244 | €4,021 | +€2,777 | +223.2% |
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 11 October 2026 via checked.be.