RS Homes: 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 Homes
Largest movements
- Receivables within one year +€399,338
up €399,338 (+1,097%), from €36,403 to €435,741
- Cash +€289,112
up €289,112 (+810%), from €35,703 to €324,815
mainly Debts after one year (+€689,487) and Stocks and contracts (+€142,717)
- Tangible fixed assets +€143,604
up €143,604 (+4,987%), from €2,880 to €146,484
of which Land and buildings: +€143,208
- Stocks and contracts -€142,717
down €142,717 (-22.5%), from €635,290 to €492,573
of which Contracts in progress: -€108,097
- Debts after one year +€689,487
up €689,487 (+133%), from €518,274 to €1.2m
- Profit (loss) carried forward -€49,998
down €49,998 (-16.6%), from -€301,036 to -€351,034
- Other debts -€43,796
down €43,796 (-42.1%), from €104,107 to €60,311
- Current portion of long-term debt +€40,961
up €40,961 (+79.0%), from €51,870 to €92,831
- Trade debts +€22,332
up €22,332 (+713%), from €3,134 to €25,465
- Gross operating margin +€253,839
up €253,839 (+88.5%), from -€286,913 to -€33,074
- Financial income +€33,202
up €33,202 (+7,889%), from €421 to €33,623
- Depreciation +€16,206
up €16,206 (+363%), from €4,466 to €20,672
- Financial charges +€9,669
up €9,669 (+97.2%), from €9,952 to €19,621
- Other operating charges +€3,414
up €3,414 (+224%), from €1,523 to €4,936
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 | €748,595 | €1,427,250 | +€678,655 | +90.7% |
| Fixed assets | 21/28 | €26,201 | €169,838 | +€143,638 | +548% |
| Tangible fixed assets | 22/27 | €2,880 | €146,484 | +€143,604 | +4,987% |
| Land and buildings | 22 | €2,880 | €146,088 | +€143,208 | +4,973% |
| Furniture and vehicles | 24 | - | €395 | +€395 | |
| Financial fixed assets | 28 | €23,321 | €23,355 | +€34 | +0.1% |
| Current assets | 29/58 | €722,395 | €1,257,412 | +€535,017 | +74.1% |
| Stocks and contracts in progress | 3 | €635,290 | €492,573 | -€142,717 | -22.5% |
| Stocks | 30/36 | €527,193 | €492,573 | -€34,620 | -6.6% |
| Contracts in progress | 37 | €108,097 | - | -€108,097 | |
| Amounts receivable within one year | 40/41 | €36,403 | €435,741 | +€399,338 | +1,097% |
| Other amounts receivable | 41 | €36,403 | €435,741 | +€399,338 | +1,097% |
| Current investments | 50/53 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €35,703 | €324,815 | +€289,112 | +810% |
| Deferred charges and accrued income | 490/1 | €15,000 | €4,146 | -€10,854 | -72.4% |
| Total equity and liabilities | 10/49 | €748,595 | €1,427,250 | +€678,655 | +90.7% |
| Equity | 10/15 | €63,641 | €13,643 | -€49,998 | -78.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €346,085 | €346,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126 | €126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €126 | €126 | = | 0.0% |
| Distributable reserves | 133 | €345,958 | €345,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,036 | -€351,034 | -€49,998 | -16.6% |
| Amounts payable | 17/49 | €684,955 | €1,413,607 | +€728,653 | +106% |
| Amounts payable after more than one year | 17 | €518,274 | €1,207,761 | +€689,487 | +133% |
| Financial debts | 170/4 | €518,274 | €1,207,761 | +€689,487 | +133% |
| Amounts payable within one year | 42/48 | €166,680 | €205,846 | +€39,166 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €51,870 | €92,831 | +€40,961 | +79.0% |
| Trade debts | 44 | €3,134 | €25,465 | +€22,332 | +713% |
| Suppliers | 440/4 | €3,134 | €25,465 | +€22,332 | +713% |
| Taxes, remuneration and social security | 45 | €7,570 | €27,239 | +€19,669 | +260% |
| Taxes | 450/3 | €7,570 | €27,239 | +€19,669 | +260% |
| Other amounts payable | 47/48 | €104,107 | €60,311 | -€43,796 | -42.1% |
| Non-recurring operating income | 76A | - | €75,116 | +€75,116 | |
| Remuneration, social security and pensions | 62 | €2,400 | €4,870 | +€2,470 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,466 | €20,672 | +€16,206 | +363% |
| Other operating charges | 640/8 | €1,523 | €4,936 | +€3,414 | +224% |
| Non-recurring operating charges | 66A | - | €241 | +€241 | |
| Gross operating margin | 9900 | -€286,913 | -€33,074 | +€253,839 | +88.5% |
| Operating profit (loss) | 9901 | -€295,302 | -€63,793 | +€231,509 | +78.4% |
| Financial income | 75/76B | €421 | €33,623 | +€33,202 | +7,889% |
| Recurring financial income | 75 | €421 | €33,623 | +€33,202 | +7,889% |
| Financial charges | 65/66B | €9,952 | €19,621 | +€9,669 | +97.2% |
| Recurring financial charges | 65 | €9,952 | €19,621 | +€9,669 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | -€304,833 | -€49,791 | +€255,042 | +83.7% |
| Income taxes | 67/77 | €268 | €207 | -€62 | -23.0% |
| Profit (loss) for the period | 9904 | -€305,102 | -€49,998 | +€255,104 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€305,102 | -€49,998 | +€255,104 | +83.6% |
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 22 October 2026 via checked.be.