RS LAW: 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 LAW
Largest movements
- Cash +€24,968
up €24,968 (+17.8%), from €140,335 to €165,303
mainly Other debts (+€96,457) and Net result for the year (+€41,988)
- Tangible fixed assets -€6,113
down €6,113 (-32.3%), from €18,937 to €12,824
- Receivables within one year +€4,310
up €4,310 (+8.9%), from €48,616 to €52,925
of which Other amounts receivable: +€28,407
- Other debts +€96,457
up €96,457 (+326%), from €29,543 to €126,000
- Reserves -€89,000
down €89,000 (-98.0%), from €90,860 to €1,860
of which Distributable reserves: -€89,000
- Tax, wage and social debts +€25,126
up €25,126 (+246%), from €10,195 to €35,321
of which Taxes: +€29,126
- Trade debts -€14,318
down €14,318 (-62.3%), from €22,999 to €8,680
- Profit (loss) carried forward +€4,988
up €4,988 (+13.3%), from €37,387 to €42,375
- Gross operating margin +€48,557
up €48,557 (+79.7%), from €60,892 to €109,449
- Financial charges -€23,748
down €23,748 (-39.7%), from €59,757 to €36,009
- Taxes +€10,239
up €10,239 (+80.6%), from €12,695 to €22,934
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 | €209,583 | €232,836 | +€23,252 | +11.1% |
| Fixed assets | 21/28 | €18,937 | €12,824 | -€6,113 | -32.3% |
| Tangible fixed assets | 22/27 | €18,937 | €12,824 | -€6,113 | -32.3% |
| Furniture and vehicles | 24 | €18,937 | €12,824 | -€6,113 | -32.3% |
| Current assets | 29/58 | €190,646 | €220,011 | +€29,365 | +15.4% |
| Amounts receivable within one year | 40/41 | €48,616 | €52,925 | +€4,310 | +8.9% |
| Trade receivables | 40 | €42,545 | €18,447 | -€24,098 | -56.6% |
| Other amounts receivable | 41 | €6,071 | €34,478 | +€28,407 | +468% |
| Cash at bank and in hand | 54/58 | €140,335 | €165,303 | +€24,968 | +17.8% |
| Deferred charges and accrued income | 490/1 | €1,695 | €1,783 | +€87 | +5.2% |
| Total equity and liabilities | 10/49 | €209,583 | €232,836 | +€23,252 | +11.1% |
| Equity | 10/15 | €146,847 | €62,835 | -€84,012 | -57.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,860 | €1,860 | -€89,000 | -98.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,000 | - | -€89,000 | |
| Profit (loss) carried forward | 14 | €37,387 | €42,375 | +€4,988 | +13.3% |
| Amounts payable | 17/49 | €62,737 | €170,001 | +€107,264 | +171% |
| Amounts payable within one year | 42/48 | €62,737 | €170,001 | +€107,264 | +171% |
| Trade debts | 44 | €22,999 | €8,680 | -€14,318 | -62.3% |
| Suppliers | 440/4 | €22,999 | €8,680 | -€14,318 | -62.3% |
| Taxes, remuneration and social security | 45 | €10,195 | €35,321 | +€25,126 | +246% |
| Taxes | 450/3 | €6,195 | €35,321 | +€29,126 | +470% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €29,543 | €126,000 | +€96,457 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,794 | €7,823 | +€1,029 | +15.1% |
| Other operating charges | 640/8 | €1,073 | €695 | -€379 | -35.3% |
| Gross operating margin | 9900 | €60,892 | €109,449 | +€48,557 | +79.7% |
| Operating profit (loss) | 9901 | €53,024 | €100,931 | +€47,907 | +90.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €59,757 | €36,009 | -€23,748 | -39.7% |
| Recurring financial charges | 65 | €59,757 | €36,009 | -€23,748 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,733 | €64,922 | +€71,655 | |
| Income taxes | 67/77 | €12,695 | €22,934 | +€10,239 | +80.6% |
| Profit (loss) for the period | 9904 | -€19,428 | €41,988 | +€61,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,428 | €41,988 | +€61,416 |
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 18 October 2026 via checked.be.