RS Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€44,321
up €44,321 (+269%), from €16,463 to €60,784
of which Land and buildings: +€29,212
- Receivables within one year -€25,261
down €25,261 (-51.0%), from €49,492 to €24,231
of which Trade receivables: -€25,846
- Cash -€21,380
down €21,380 (-20.8%), from €103,007 to €81,627
mainly Contributions, distributions and other (-€232,264) and Investment in fixed assets (net) (-€52,262)
- Current investments +€20,000
new in 2025: €20,000
- Other debts +€125,299
new in 2025: €125,299
- Reserves -€85,427
down €85,427 (-100%), from €85,427 to €0
- Trade debts -€35,585
down €35,585 (-90.1%), from €39,489 to €3,905
- Tax, wage and social debts +€11,825
up €11,825 (+36.7%), from €32,223 to €44,048
of which Taxes: +€21,744
- Staff costs -€47,251
down €47,251 (-87.4%), from €54,033 to €6,782
- Gross operating margin +€44,873
up €44,873 (+24.9%), from €180,012 to €224,885
- Taxes +€20,563
up €20,563 (+64.0%), from €32,111 to €52,674
- Other operating charges +€6,037
up €6,037 (+219%), from €2,755 to €8,792
- Depreciation +€2,437
up €2,437 (+44.3%), from €5,503 to €7,941
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 | €175,905 | €192,180 | +€16,275 | +9.3% |
| Fixed assets | 21/28 | €16,463 | €60,784 | +€44,321 | +269% |
| Tangible fixed assets | 22/27 | €16,463 | €60,784 | +€44,321 | +269% |
| Land and buildings | 22 | - | €29,212 | +€29,212 | |
| Plant, machinery and equipment | 23 | - | €710 | +€710 | |
| Furniture and vehicles | 24 | €243 | €0 | -€243 | -100% |
| Other tangible fixed assets | 26 | €16,220 | €18,020 | +€1,801 | +11.1% |
| Assets under construction and advance payments | 27 | - | €12,841 | +€12,841 | |
| Current assets | 29/58 | €159,442 | €131,396 | -€28,046 | -17.6% |
| Amounts receivable within one year | 40/41 | €49,492 | €24,231 | -€25,261 | -51.0% |
| Trade receivables | 40 | €47,376 | €21,531 | -€25,846 | -54.6% |
| Other amounts receivable | 41 | €2,116 | €2,700 | +€584 | +27.6% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €103,007 | €81,627 | -€21,380 | -20.8% |
| Deferred charges and accrued income | 490/1 | €6,943 | €5,538 | -€1,405 | -20.2% |
| Total equity and liabilities | 10/49 | €175,905 | €192,180 | +€16,275 | +9.3% |
| Equity | 10/15 | €104,027 | €18,600 | -€85,427 | -82.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,427 | €0 | -€85,427 | -100% |
| Distributable reserves | 133 | €85,427 | €0 | -€85,427 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,877 | €173,580 | +€101,702 | +141% |
| Amounts payable within one year | 42/48 | €71,877 | €173,580 | +€101,702 | +141% |
| Financial debts | 43 | €165 | €328 | +€163 | +98.7% |
| Credit institutions | 430/8 | €165 | €328 | +€163 | +98.7% |
| Trade debts | 44 | €39,489 | €3,905 | -€35,585 | -90.1% |
| Suppliers | 440/4 | €39,489 | €3,905 | -€35,585 | -90.1% |
| Taxes, remuneration and social security | 45 | €32,223 | €44,048 | +€11,825 | +36.7% |
| Taxes | 450/3 | €20,803 | €42,548 | +€21,744 | +105% |
| Remuneration and social security | 454/9 | €11,420 | €1,500 | -€9,920 | -86.9% |
| Other amounts payable | 47/48 | - | €125,299 | +€125,299 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €150,000 | +€150,000 | |
| Remuneration, social security and pensions | 62 | €54,033 | €6,782 | -€47,251 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,503 | €7,941 | +€2,437 | +44.3% |
| Other operating charges | 640/8 | €2,755 | €8,792 | +€6,037 | +219% |
| Gross operating margin | 9900 | €180,012 | €224,885 | +€44,873 | +24.9% |
| Operating profit (loss) | 9901 | €117,720 | €201,370 | +€83,650 | +71.1% |
| Financial income | 75/76B | €356 | €11 | -€345 | -96.8% |
| Recurring financial income | 75 | €356 | €11 | -€345 | -96.8% |
| Financial charges | 65/66B | €1,841 | €1,871 | +€30 | +1.6% |
| Recurring financial charges | 65 | €1,841 | €1,871 | +€30 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €116,236 | €199,510 | +€83,275 | +71.6% |
| Income taxes | 67/77 | €32,111 | €52,674 | +€20,563 | +64.0% |
| Profit (loss) for the period | 9904 | €84,125 | €146,837 | +€62,712 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,125 | €146,837 | +€62,712 | +74.5% |
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.