RS BOIS: 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 BOIS
Largest movements
- Receivables within one year +€437,874
up €437,874 (+46.5%), from €940,793 to €1.4m
of which Trade receivables: +€477,246
- Cash -€214,858
down €214,858 (-79.3%), from €270,778 to €55,921
mainly Investment in fixed assets (net) (-€498,814) and Receivables within one year (-€437,874)
- Tangible fixed assets -€115,833
down €115,833 (-5.4%), from €2.1m to €2.0m
of which Furniture and vehicles: -€92,200
- Trade debts +€200,852
up €200,852 (+27.2%), from €739,488 to €940,340
- Debts after one year -€176,774
down €176,774 (-18.2%), from €968,699 to €791,925
of which Financial debts: -€176,774
- Advances received +€60,000
new in 2025: €60,000
- Turnover +€227,960
up €227,960 (+12.0%), from €1.9m to €2.1m
- Depreciation +€183,814
up €183,814 (+42.6%), from €431,203 to €615,017
- Gross operating margin +€129,638
up €129,638 (+14.6%), from €887,876 to €1.0m
- Staff costs +€59,473
up €59,473 (+35.3%), from €168,539 to €228,012
- Taxes +€24,324
up €24,324 (+97.4%), from €24,977 to €49,301
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 | €3,368,703 | €3,477,849 | +€109,147 | +3.2% |
| Fixed assets | 21/28 | €2,137,387 | €2,021,184 | -€116,203 | -5.4% |
| Tangible fixed assets | 22/27 | €2,135,159 | €2,019,326 | -€115,833 | -5.4% |
| Land and buildings | 22 | €413,272 | €385,349 | -€27,923 | -6.8% |
| Plant, machinery and equipment | 23 | €242,288 | €309,189 | +€66,901 | +27.6% |
| Furniture and vehicles | 24 | €301,979 | €209,779 | -€92,200 | -30.5% |
| Leasing and similar rights | 25 | €1,177,620 | €1,115,009 | -€62,612 | -5.3% |
| Financial fixed assets | 28 | €2,228 | €1,858 | -€370 | -16.6% |
| Current assets | 29/58 | €1,231,315 | €1,456,665 | +€225,350 | +18.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €940,793 | €1,378,667 | +€437,874 | +46.5% |
| Trade receivables | 40 | €871,202 | €1,348,448 | +€477,246 | +54.8% |
| Other amounts receivable | 41 | €69,591 | €30,219 | -€39,372 | -56.6% |
| Cash at bank and in hand | 54/58 | €270,778 | €55,921 | -€214,858 | -79.3% |
| Deferred charges and accrued income | 490/1 | €19,744 | €22,077 | +€2,334 | +11.8% |
| Total equity and liabilities | 10/49 | €3,368,703 | €3,477,849 | +€109,147 | +3.2% |
| Equity | 10/15 | €1,181,188 | €1,214,377 | +€33,188 | +2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €100,559 | €100,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €98,699 | €98,699 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,050,849 | €1,085,485 | +€34,637 | +3.3% |
| Investment grants | 15 | €17,381 | €15,932 | -€1,448 | -8.3% |
| Amounts payable | 17/49 | €2,187,514 | €2,263,472 | +€75,958 | +3.5% |
| Amounts payable after more than one year | 17 | €968,699 | €791,925 | -€176,774 | -18.2% |
| Financial debts | 170/4 | €968,699 | €791,925 | -€176,774 | -18.2% |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €1,214,211 | €1,467,428 | +€253,217 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €413,878 | €398,788 | -€15,090 | -3.6% |
| Financial debts | 43 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €739,488 | €940,340 | +€200,852 | +27.2% |
| Suppliers | 440/4 | €739,488 | €940,340 | +€200,852 | +27.2% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €41,754 | €49,443 | +€7,689 | +18.4% |
| Taxes | 450/3 | €3,895 | €2,449 | -€1,447 | -37.1% |
| Remuneration and social security | 454/9 | €37,859 | €46,995 | +€9,135 | +24.1% |
| Other amounts payable | 47/48 | €19,091 | €18,857 | -€234 | -1.2% |
| Accrued charges and deferred income | 492/3 | €4,604 | €4,119 | -€485 | -10.5% |
| Turnover | 70 | €1,897,847 | €2,125,806 | +€227,960 | +12.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,126,762 | €1,145,317 | +€18,555 | +1.6% |
| Remuneration, social security and pensions | 62 | €168,539 | €228,012 | +€59,473 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431,203 | €615,017 | +€183,814 | +42.6% |
| Other operating charges | 640/8 | €4,250 | €14,350 | +€10,101 | +238% |
| Non-recurring operating charges | 66A | €1,260 | €4,641 | +€3,382 | +268% |
| Gross operating margin | 9900 | €887,876 | €1,017,513 | +€129,638 | +14.6% |
| Operating profit (loss) | 9901 | €282,625 | €155,493 | -€127,131 | -45.0% |
| Financial income | 75/76B | €3,115 | €3,816 | +€701 | +22.5% |
| Recurring financial income | 75 | €3,115 | €3,816 | +€701 | +22.5% |
| Financial charges | 65/66B | €67,859 | €75,371 | +€7,513 | +11.1% |
| Recurring financial charges | 65 | €67,859 | €75,371 | +€7,513 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €217,881 | €83,938 | -€133,943 | -61.5% |
| Income taxes | 67/77 | €24,977 | €49,301 | +€24,324 | +97.4% |
| Profit (loss) for the period | 9904 | €192,904 | €34,637 | -€158,267 | -82.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €192,904 | €34,637 | -€158,267 | -82.0% |
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 20 October 2026 via checked.be.