RRSL: what changed
Two fiscal 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.
RRSL
Largest movements
- Receivables within one year +€75,935
up €75,935 (+51.0%), from €148,793 to €224,728
of which Other amounts receivable: +€66,820
- Tangible fixed assets -€20,654
down €20,654 (-6.0%), from €343,235 to €322,581
of which Furniture and vehicles: -€59,906
- Debts after one year +€50,000
up €50,000 (+18.2%), from €275,000 to €325,000
- Tax, wage and social debts +€7,329
up €7,329 (+38.5%), from €19,033 to €26,362
of which Remuneration and social security: +€7,369
- Gross operating margin +€135,518
up €135,518 (+21.4%), from €634,206 to €769,724
- Other operating charges +€81,519
up €81,519 (+71.6%), from €113,825 to €195,344
- Staff costs +€33,035
up €33,035 (+8.8%), from €375,019 to €408,054
- Depreciation +€22,551
up €22,551 (+15.8%), from €142,687 to €165,238
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 | €584,411 | €643,634 | +€59,223 | +10.1% |
| Fixed assets | 21/28 | €392,235 | €371,581 | -€20,654 | -5.3% |
| Tangible fixed assets | 22/27 | €343,235 | €322,581 | -€20,654 | -6.0% |
| Plant, machinery and equipment | 23 | €3,332 | - | -€3,332 | |
| Furniture and vehicles | 24 | €339,903 | €279,997 | -€59,906 | -17.6% |
| Other tangible fixed assets | 26 | - | €42,584 | +€42,584 | |
| Financial fixed assets | 28 | €49,000 | €49,000 | = | 0.0% |
| Current assets | 29/58 | €192,176 | €272,053 | +€79,877 | +41.6% |
| Amounts receivable within one year | 40/41 | €148,793 | €224,728 | +€75,935 | +51.0% |
| Trade receivables | 40 | €88,354 | €97,469 | +€9,115 | +10.3% |
| Other amounts receivable | 41 | €60,439 | €127,259 | +€66,820 | +110.6% |
| Cash at bank and in hand | 54/58 | €33,360 | €36,915 | +€3,555 | +10.7% |
| Deferred charges and accrued income | 490/1 | €10,023 | €10,410 | +€387 | +3.9% |
| Total equity and liabilities | 10/49 | €584,411 | €643,634 | +€59,223 | +10.1% |
| Equity | 10/15 | €195,922 | €196,453 | +€531 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,462 | €175,993 | +€531 | +0.3% |
| Amounts payable | 17/49 | €388,489 | €447,181 | +€58,692 | +15.1% |
| Amounts payable after more than one year | 17 | €275,000 | €325,000 | +€50,000 | +18.2% |
| Financial debts | 170/4 | €275,000 | €325,000 | +€50,000 | +18.2% |
| Amounts payable within one year | 42/48 | €113,489 | €122,181 | +€8,692 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €19,456 | €20,819 | +€1,363 | +7.0% |
| Suppliers | 440/4 | €19,456 | €20,819 | +€1,363 | +7.0% |
| Taxes, remuneration and social security | 45 | €19,033 | €26,362 | +€7,329 | +38.5% |
| Taxes | 450/3 | €592 | €552 | -€40 | -6.8% |
| Remuneration and social security | 454/9 | €18,441 | €25,810 | +€7,369 | +40.0% |
| Remuneration, social security and pensions | 62 | €375,019 | €408,054 | +€33,035 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,687 | €165,238 | +€22,551 | +15.8% |
| Other operating charges | 640/8 | €113,825 | €195,344 | +€81,519 | +71.6% |
| Gross operating margin | 9900 | €634,206 | €769,724 | +€135,518 | +21.4% |
| Operating profit (loss) | 9901 | €2,675 | €1,088 | -€1,587 | -59.3% |
| Financial income | 75/76B | €232 | €87 | -€145 | -62.5% |
| Recurring financial income | 75 | €232 | €87 | -€145 | -62.5% |
| Financial charges | 65/66B | €686 | €108 | -€578 | -84.3% |
| Recurring financial charges | 65 | €686 | €108 | -€578 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €2,221 | €1,067 | -€1,154 | -52.0% |
| Income taxes | 67/77 | €492 | €536 | +€44 | +8.9% |
| Profit (loss) for the period | 9904 | €1,729 | €531 | -€1,198 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,729 | €531 | -€1,198 | -69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.