RS ASSUR: 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.
RS ASSUR
Largest movements
- Tangible fixed assets +€166,275
up €166,275 (+759%), from €21,919 to €188,194
of which Land and buildings: +€164,599
- Intangible fixed assets -€14,915
down €14,915 (-13.5%), from €110,684 to €95,769
- Receivables within one year +€5,936
up €5,936 (+11.7%), from €50,892 to €56,828
of which Trade receivables: +€5,430
- Cash +€4,387
up €4,387 (+24.0%), from €18,302 to €22,689
mainly Debts after one year (+€104,426) and Net result for the year (+€43,072)
- Debts after one year +€104,426
up €104,426 (+84.1%), from €124,127 to €228,553
- Profit (loss) carried forward +€36,572
up €36,572 (+6,606%), from €554 to €37,126
- Current portion of long-term debt +€14,324
up €14,324 (+40.3%), from €35,524 to €49,848
- Other debts +€6,500
new in 2025: €6,500
- Gross operating margin +€37,357
up €37,357 (+37.2%), from €100,313 to €137,670
- Depreciation +€10,827
up €10,827 (+38.5%), from €28,126 to €38,953
- Taxes +€6,689
up €6,689 (+73.3%), from €9,120 to €15,810
- Financial income -€2,831
down €2,831 (-79.8%), from €3,548 to €717
- Financial charges +€2,021
up €2,021 (+38.4%), from €5,257 to €7,278
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.
Derived cash bridge
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 | €202,012 | €365,206 | +€163,194 | +80.8% |
| Fixed assets | 21/28 | €132,603 | €283,963 | +€151,360 | +114% |
| Intangible fixed assets | 21 | €110,684 | €95,769 | -€14,915 | -13.5% |
| Tangible fixed assets | 22/27 | €21,919 | €188,194 | +€166,275 | +759% |
| Land and buildings | 22 | €16,807 | €181,406 | +€164,599 | +979% |
| Plant, machinery and equipment | 23 | - | €903 | +€903 | |
| Furniture and vehicles | 24 | €5,112 | €5,886 | +€774 | +15.1% |
| Current assets | 29/58 | €69,408 | €81,243 | +€11,834 | +17.1% |
| Amounts receivable within one year | 40/41 | €50,892 | €56,828 | +€5,936 | +11.7% |
| Trade receivables | 40 | €11,298 | €16,728 | +€5,430 | +48.1% |
| Other amounts receivable | 41 | €39,595 | €40,100 | +€505 | +1.3% |
| Cash at bank and in hand | 54/58 | €18,302 | €22,689 | +€4,387 | +24.0% |
| Deferred charges and accrued income | 490/1 | €214 | €1,726 | +€1,512 | +706% |
| Total equity and liabilities | 10/49 | €202,012 | €365,206 | +€163,194 | +80.8% |
| Equity | 10/15 | €19,371 | €55,943 | +€36,572 | +189% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217 | €217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €217 | - | -€217 | |
| Reserves not available under the articles | 1311 | €217 | - | -€217 | |
| Distributable reserves | 133 | - | €217 | +€217 | |
| Profit (loss) carried forward | 14 | €554 | €37,126 | +€36,572 | +6,606% |
| Amounts payable | 17/49 | €182,641 | €309,263 | +€126,622 | +69.3% |
| Amounts payable after more than one year | 17 | €124,127 | €228,553 | +€104,426 | +84.1% |
| Financial debts | 170/4 | €124,127 | €228,553 | +€104,426 | +84.1% |
| Amounts payable within one year | 42/48 | €58,337 | €80,710 | +€22,373 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €35,524 | €49,848 | +€14,324 | +40.3% |
| Trade debts | 44 | €4,033 | €4,320 | +€287 | +7.1% |
| Suppliers | 440/4 | €4,033 | €4,320 | +€287 | +7.1% |
| Taxes, remuneration and social security | 45 | €18,781 | €20,042 | +€1,261 | +6.7% |
| Taxes | 450/3 | €10,941 | €9,175 | -€1,766 | -16.1% |
| Remuneration and social security | 454/9 | €7,840 | €10,866 | +€3,027 | +38.6% |
| Other amounts payable | 47/48 | - | €6,500 | +€6,500 | |
| Accrued charges and deferred income | 492/3 | €177 | - | -€177 | |
| Remuneration, social security and pensions | 62 | €29,994 | €30,806 | +€812 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,126 | €38,953 | +€10,827 | +38.5% |
| Other operating charges | 640/8 | €4,140 | €2,468 | -€1,672 | -40.4% |
| Gross operating margin | 9900 | €100,313 | €137,670 | +€37,357 | +37.2% |
| Operating profit (loss) | 9901 | €38,053 | €65,443 | +€27,390 | +72.0% |
| Financial income | 75/76B | €3,548 | €717 | -€2,831 | -79.8% |
| Recurring financial income | 75 | €3,548 | €717 | -€2,831 | -79.8% |
| Financial charges | 65/66B | €5,257 | €7,278 | +€2,021 | +38.4% |
| Recurring financial charges | 65 | €5,257 | €7,278 | +€2,021 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €36,344 | €58,882 | +€22,538 | +62.0% |
| Income taxes | 67/77 | €9,120 | €15,810 | +€6,689 | +73.3% |
| Profit (loss) for the period | 9904 | €27,224 | €43,072 | +€15,849 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,224 | €43,072 | +€15,849 | +58.2% |
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 15 October 2026 via checked.be.