RS COMMUNICATION: 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 COMMUNICATION
Largest movements
- Current investments -€54,791
down €54,791 (-30.3%), from €181,018 to €126,227
- Cash -€24,238
down €24,238 (-34.7%), from €69,853 to €45,615
mainly Tax, wage and social debts (-€29,677) and Net result for the year (-€28,888)
- Receivables within one year +€6,667
up €6,667 (+117%), from €5,696 to €12,363
of which Other amounts receivable: +€7,204
- Intangible fixed assets +€3,930
new in 2026: €3,930
- Tax, wage and social debts -€29,677
down €29,677 (-52.8%), from €56,157 to €26,480
- Profit (loss) carried forward -€28,888
down €28,888 (-51.0%), from €56,629 to €27,741
- Trade debts -€17,135
down €17,135 (-78.1%), from €21,932 to €4,798
- Other debts +€5,303
up €5,303 (+18.5%), from €28,641 to €33,944
- Gross operating margin -€359,879
down €359,879, from €327,326 to -€32,553
- Taxes -€55,833
down €55,833 (-99.4%), from €56,156 to €323
- Financial income +€6,011
up €6,011 (+1,265%), from €475 to €6,486
- Financial charges -€5,414
down €5,414 (-91.7%), from €5,901 to €487
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,819 | €192,422 | -€70,397 | -26.8% |
| Fixed assets | 21/28 | €5,241 | €7,630 | +€2,389 | +45.6% |
| Intangible fixed assets | 21 | - | €3,930 | +€3,930 | |
| Tangible fixed assets | 22/27 | €5,241 | €3,700 | -€1,541 | -29.4% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,136 | €2,706 | -€1,431 | -34.6% |
| Other tangible fixed assets | 26 | €1,105 | €994 | -€111 | -10.0% |
| Current assets | 29/58 | €257,578 | €184,792 | -€72,786 | -28.3% |
| Amounts receivable within one year | 40/41 | €5,696 | €12,363 | +€6,667 | +117% |
| Trade receivables | 40 | €537 | €0 | -€537 | -100% |
| Other amounts receivable | 41 | €5,159 | €12,363 | +€7,204 | +140% |
| Current investments | 50/53 | €181,018 | €126,227 | -€54,791 | -30.3% |
| Cash at bank and in hand | 54/58 | €69,853 | €45,615 | -€24,238 | -34.7% |
| Deferred charges and accrued income | 490/1 | €1,011 | €587 | -€424 | -41.9% |
| Total equity and liabilities | 10/49 | €262,819 | €192,422 | -€70,397 | -26.8% |
| Equity | 10/15 | €156,089 | €127,201 | -€28,888 | -18.5% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €86,860 | €86,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €85,000 | €86,860 | +€1,860 | +2.2% |
| Profit (loss) carried forward | 14 | €56,629 | €27,741 | -€28,888 | -51.0% |
| Amounts payable | 17/49 | €106,730 | €65,221 | -€41,509 | -38.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €106,730 | €65,221 | -€41,509 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,932 | €4,798 | -€17,135 | -78.1% |
| Suppliers | 440/4 | €21,932 | €4,798 | -€17,135 | -78.1% |
| Taxes, remuneration and social security | 45 | €56,157 | €26,480 | -€29,677 | -52.8% |
| Taxes | 450/3 | €56,157 | €26,480 | -€29,677 | -52.8% |
| Other amounts payable | 47/48 | €28,641 | €33,944 | +€5,303 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €866 | €1,611 | +€745 | +86.0% |
| Other operating charges | 640/8 | €516 | €399 | -€117 | -22.6% |
| Gross operating margin | 9900 | €327,326 | -€32,553 | -€359,879 | |
| Operating profit (loss) | 9901 | €325,944 | -€34,563 | -€360,507 | |
| Financial income | 75/76B | €475 | €6,486 | +€6,011 | +1,265% |
| Recurring financial income | 75 | €475 | €6,486 | +€6,011 | +1,265% |
| Financial charges | 65/66B | €5,901 | €487 | -€5,414 | -91.7% |
| Recurring financial charges | 65 | €5,901 | €487 | -€5,414 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €320,518 | -€28,565 | -€349,083 | |
| Income taxes | 67/77 | €56,156 | €323 | -€55,833 | -99.4% |
| Profit (loss) for the period | 9904 | €264,362 | -€28,888 | -€293,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €264,362 | -€28,888 | -€293,249 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.