RS³: 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.
RS³
Largest movements
- Cash -€7,402
no longer reported in 2025 (was €7,402)
mainly Trade debts (-€11,525) and Tax, wage and social debts (-€7,259)
- Tangible fixed assets -€2,919
down €2,919 (-38.2%), from €7,643 to €4,724
of which Furniture and vehicles: -€1,711
- Trade debts -€11,525
down €11,525 (-39.9%), from €28,880 to €17,355
- Tax, wage and social debts -€7,259
down €7,259 (-92.2%), from €7,877 to €618
of which Remuneration and social security: -€5,181
- Short-term financial debts +€5,167
new in 2025: €5,167
- Profit (loss) carried forward +€2,788
up €2,788 (+11.1%), from -€25,185 to -€22,397
- Staff costs -€61,749
down €61,749 (-85.1%), from €72,591 to €10,842
- Gross operating margin -€45,786
down €45,786 (-70.1%), from €65,327 to €19,541
- Depreciation -€673
down €673 (-20.4%), from €3,299 to €2,626
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 | €31,008 | €20,179 | -€10,829 | -34.9% |
| Fixed assets | 21/28 | €7,793 | €4,874 | -€2,919 | -37.5% |
| Tangible fixed assets | 22/27 | €7,643 | €4,724 | -€2,919 | -38.2% |
| Plant, machinery and equipment | 23 | €5,682 | €4,474 | -€1,208 | -21.3% |
| Furniture and vehicles | 24 | €1,961 | €250 | -€1,711 | -87.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €23,215 | €15,305 | -€7,910 | -34.1% |
| Amounts receivable within one year | 40/41 | €15,227 | €14,988 | -€239 | -1.6% |
| Trade receivables | 40 | €8,284 | €7,862 | -€422 | -5.1% |
| Other amounts receivable | 41 | €6,943 | €7,126 | +€183 | +2.6% |
| Cash at bank and in hand | 54/58 | €7,402 | - | -€7,402 | |
| Deferred charges and accrued income | 490/1 | €586 | €317 | -€269 | -45.9% |
| Total equity and liabilities | 10/49 | €31,008 | €20,179 | -€10,829 | -34.9% |
| Equity | 10/15 | -€5,749 | -€2,961 | +€2,788 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €836 | €836 | = | 0.0% |
| Distributable reserves | 133 | €836 | €836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,185 | -€22,397 | +€2,788 | +11.1% |
| Amounts payable | 17/49 | €36,757 | €23,140 | -€13,617 | -37.0% |
| Amounts payable within one year | 42/48 | €36,757 | €23,140 | -€13,617 | -37.0% |
| Financial debts | 43 | - | €5,167 | +€5,167 | |
| Credit institutions | 430/8 | - | €5,167 | +€5,167 | |
| Trade debts | 44 | €28,880 | €17,355 | -€11,525 | -39.9% |
| Suppliers | 440/4 | €28,880 | €17,355 | -€11,525 | -39.9% |
| Taxes, remuneration and social security | 45 | €7,877 | €618 | -€7,259 | -92.2% |
| Taxes | 450/3 | €2,696 | €618 | -€2,078 | -77.1% |
| Remuneration and social security | 454/9 | €5,181 | - | -€5,181 | |
| Remuneration, social security and pensions | 62 | €72,591 | €10,842 | -€61,749 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,299 | €2,626 | -€673 | -20.4% |
| Other operating charges | 640/8 | €1,359 | €1,943 | +€584 | +43.0% |
| Non-recurring operating charges | 66A | €286 | €452 | +€166 | +58.0% |
| Gross operating margin | 9900 | €65,327 | €19,541 | -€45,786 | -70.1% |
| Operating profit (loss) | 9901 | -€12,208 | €3,678 | +€15,886 | |
| Financial charges | 65/66B | €695 | €890 | +€195 | +28.1% |
| Recurring financial charges | 65 | €695 | €890 | +€195 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,903 | €2,788 | +€15,691 | |
| Profit (loss) for the period | 9904 | -€12,903 | €2,788 | +€15,691 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,903 | €2,788 | +€15,691 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.