RLSTM: 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.
RLSTM
Largest movements
- Cash +€14,261
up €14,261 (+888.4%), from €1,605 to €15,866
mainly Receivables within one year (+€13,442) and Other debts (+€1,853)
- Receivables within one year -€13,442
down €13,442 (-89.4%), from €15,040 to €1,598
of which Trade receivables: -€8,939
- Deferred charges and accrued income +€192
up €192 (+26.9%), from €712 to €904
- Other debts +€1,853
up €1,853 (+71.3%), from €2,600 to €4,453
- Tax, wage and social debts -€885
down €885 (-70.2%), from €1,260 to €375
- Trade debts +€574
up €574 (+104.8%), from €548 to €1,122
- Reserves -€532
down €532 (-4.8%), from €11,090 to €10,558
- Gross operating margin -€14,457
down €14,457 (-94.2%), from €15,340 to €883
- Taxes -€2,886
down €2,886 (-88.5%), from €3,260 to €374
- Financial charges +€166
up €166 (+206.8%), from €80 to €246
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 | €17,358 | €18,368 | +€1,010 | +5.8% |
| Current assets | 29/58 | €17,358 | €18,368 | +€1,010 | +5.8% |
| Amounts receivable within one year | 40/41 | €15,040 | €1,598 | -€13,442 | -89.4% |
| Trade receivables | 40 | €9,621 | €682 | -€8,939 | -92.9% |
| Other amounts receivable | 41 | €5,419 | €916 | -€4,504 | -83.1% |
| Cash at bank and in hand | 54/58 | €1,605 | €15,866 | +€14,261 | +888.4% |
| Deferred charges and accrued income | 490/1 | €712 | €904 | +€192 | +26.9% |
| Total equity and liabilities | 10/49 | €17,358 | €18,368 | +€1,010 | +5.8% |
| Equity | 10/15 | €12,950 | €12,418 | -€532 | -4.1% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €11,090 | €10,558 | -€532 | -4.8% |
| Distributable reserves | 133 | €11,090 | €10,558 | -€532 | -4.8% |
| Amounts payable | 17/49 | €4,408 | €5,950 | +€1,542 | +35.0% |
| Amounts payable within one year | 42/48 | €4,408 | €5,950 | +€1,542 | +35.0% |
| Trade debts | 44 | €548 | €1,122 | +€574 | +104.8% |
| Suppliers | 440/4 | €548 | €1,122 | +€574 | +104.8% |
| Taxes, remuneration and social security | 45 | €1,260 | €375 | -€885 | -70.2% |
| Taxes | 450/3 | €1,260 | €375 | -€885 | -70.2% |
| Other amounts payable | 47/48 | €2,600 | €4,453 | +€1,853 | +71.3% |
| Other operating charges | 640/8 | €146 | - | -€146 | |
| Gross operating margin | 9900 | €15,340 | €883 | -€14,457 | -94.2% |
| Operating profit (loss) | 9901 | €15,195 | €883 | -€14,311 | -94.2% |
| Financial income | 75/76B | €35 | €37 | +€2 | +6.1% |
| Recurring financial income | 75 | €35 | €37 | +€2 | +6.1% |
| Financial charges | 65/66B | €80 | €246 | +€166 | +206.8% |
| Recurring financial charges | 65 | €80 | €246 | +€166 | +206.8% |
| Profit (loss) for the period before taxes | 9903 | €15,150 | €675 | -€14,475 | -95.5% |
| Income taxes | 67/77 | €3,260 | €374 | -€2,886 | -88.5% |
| Profit (loss) for the period | 9904 | €11,890 | €301 | -€11,589 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,890 | €301 | -€11,589 | -97.5% |
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 9 October 2026 via checked.be.