RS LGS 17: what changed
What changed
RS LGS 17
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€1.3m
2023 · €880,241+€409,770
Equity
€4.0m
2023 · €2.5m+€1.5m
Cash
€127,511
2023 · €69,288+€58,222
Balance sheet total
€13.4m
2023 · €11.4m+€2.0m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+202%), from €658,574 to €2.0m
of which Trade receivables: +€1.2m
- Financial fixed assets +€537,133
up €537,133 (+50.8%), from €1.1m to €1.6m
- Intangible fixed assets +€160,000
new in 2024: €160,000
Equity and liabilities
- Reserves +€1.5m
up €1.5m (+59.2%), from €2.5m to €4.0m
of which Distributable reserves: +€1.5m
- Other debts +€473,361
up €473,361 (+62.1%), from €762,764 to €1.2m
- Trade debts +€228,481
up €228,481 (+92.6%), from €246,695 to €475,176
- Short-term financial debts -€220,490
no longer reported in 2024 (was €220,490)
- Current portion of long-term debt +€135,215
up €135,215 (+31.5%), from €429,647 to €564,862
Income statement
- Gross operating margin +€462,985
up €462,985 (+28.2%), from €1.6m to €2.1m
- Depreciation +€141,315
up €141,315 (+61.4%), from €229,968 to €371,283
- Taxes -€135,414
down €135,414 (-41.7%), from €325,103 to €189,688
- Financial charges +€28,262
up €28,262 (+26.5%), from €106,545 to €134,807
of which Financial charges: +€24,957
- Other operating charges +€24,300
up €24,300 (+35.8%), from €67,944 to €92,243
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€880,241
Gross operating margin
+€462,985
Staff costs
-€5,442
Depreciation
-€141,315
Other operating charges
-€24,300
Other operating items
+€2,004
Financial income
+€8,685
Financial charges
-€28,262
Taxes
+€135,414
Result 2024
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€975,912
Investment
-€995,783
Financing
+€78,093
Cash 2023
€69,288
From operations (derived)
+€975,912
Net result for the year
+€1.3m
Depreciation
+€371,283
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€17,991
Trade debts
+€228,481
Tax, wage and social debts
-€27,862
Other debts
+€473,361
Accrued charges and deferred income
-€48,089
Investment (derived)
-€995,783
Investment in fixed assets (net)
-€995,783
Financing
+€78,093
Debts after one year
-€26,632
Current portion of long-term debt
+€135,215
Short-term financial debts
-€220,490
Contributions, distributions and other
+€190,000
Cash 2024
€127,511
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,387,867 | €13,381,862 | +€2.0m | +17.5% |
| Fixed assets | 21/28 | €10,642,013 | €11,266,513 | +€624,499 | +5.9% |
| Intangible fixed assets | 21 | - | €160,000 | +€160,000 | |
| Tangible fixed assets | 22/27 | €9,585,267 | €9,512,634 | -€72,633 | -0.8% |
| Land and buildings | 22 | €9,214,573 | €9,018,472 | -€196,101 | -2.1% |
| Plant, machinery and equipment | 23 | €582 | €129 | -€452 | -77.8% |
| Furniture and vehicles | 24 | €288,125 | €412,045 | +€123,920 | +43.0% |
| Other tangible fixed assets | 26 | €72,595 | €72,595 | = | 0.0% |
| Assets under construction and advance payments | 27 | €9,393 | €9,393 | = | 0.0% |
| Financial fixed assets | 28 | €1,056,747 | €1,593,879 | +€537,133 | +50.8% |
| Current assets | 29/58 | €745,854 | €2,115,349 | +€1.4m | +184% |
| Amounts receivable within one year | 40/41 | €658,574 | €1,987,839 | +€1.3m | +202% |
| Trade receivables | 40 | €655,269 | €1,862,264 | +€1.2m | +184% |
| Other amounts receivable | 41 | €3,305 | €125,575 | +€122,270 | +3,699% |
| Cash at bank and in hand | 54/58 | €69,288 | €127,511 | +€58,222 | +84.0% |
| Deferred charges and accrued income | 490/1 | €17,991 | - | -€17,991 | |
| Total equity and liabilities | 10/49 | €11,387,867 | €13,381,862 | +€2.0m | +17.5% |
| Equity | 10/15 | €2,520,309 | €4,000,320 | +€1.5m | +58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,501,709 | €3,981,720 | +€1.5m | +59.2% |
| 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 | €2,499,849 | €3,979,860 | +€1.5m | +59.2% |
| Amounts payable | 17/49 | €8,867,558 | €9,381,543 | +€513,984 | +5.8% |
| Amounts payable after more than one year | 17 | €6,961,539 | €6,934,907 | -€26,632 | -0.4% |
| Financial debts | 170/4 | €6,961,539 | €6,934,907 | -€26,632 | -0.4% |
| Amounts payable within one year | 42/48 | €1,855,535 | €2,444,240 | +€588,705 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €429,647 | €564,862 | +€135,215 | +31.5% |
| Financial debts | 43 | €220,490 | - | -€220,490 | |
| Credit institutions | 430/8 | €220,490 | - | -€220,490 | |
| Trade debts | 44 | €246,695 | €475,176 | +€228,481 | +92.6% |
| Suppliers | 440/4 | €246,695 | €475,176 | +€228,481 | +92.6% |
| Taxes, remuneration and social security | 45 | €195,940 | €168,078 | -€27,862 | -14.2% |
| Taxes | 450/3 | €190,054 | €158,667 | -€31,387 | -16.5% |
| Remuneration and social security | 454/9 | €5,887 | €9,412 | +€3,525 | +59.9% |
| Other amounts payable | 47/48 | €762,764 | €1,236,124 | +€473,361 | +62.1% |
| Accrued charges and deferred income | 492/3 | €50,484 | €2,395 | -€48,089 | -95.3% |
| Non-recurring operating income | 76A | €8,754 | - | -€8,754 | |
| Remuneration, social security and pensions | 62 | €43,562 | €49,004 | +€5,442 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,968 | €371,283 | +€141,315 | +61.4% |
| Other operating charges | 640/8 | €67,944 | €92,243 | +€24,300 | +35.8% |
| Non-recurring operating charges | 66A | €2,004 | - | -€2,004 | |
| Gross operating margin | 9900 | €1,641,599 | €2,104,584 | +€462,985 | +28.2% |
| Operating profit (loss) | 9901 | €1,298,121 | €1,592,054 | +€293,933 | +22.6% |
| Financial income | 75/76B | €13,767 | €22,452 | +€8,685 | +63.1% |
| Recurring financial income | 75 | €11,669 | €21,102 | +€9,433 | +80.8% |
| Non-recurring financial income | 76B | €2,098 | €1,350 | -€748 | -35.6% |
| Financial charges | 65/66B | €106,545 | €134,807 | +€28,262 | +26.5% |
| Recurring financial charges | 65 | €106,545 | €131,502 | +€24,957 | +23.4% |
| Non-recurring financial charges | 66B | - | €3,305 | +€3,305 | |
| Profit (loss) for the period before taxes | 9903 | €1,205,344 | €1,479,699 | +€274,356 | +22.8% |
| Income taxes | 67/77 | €325,103 | €189,688 | -€135,414 | -41.7% |
| Profit (loss) for the period | 9904 | €880,241 | €1,290,011 | +€409,770 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €880,241 | €1,290,011 | +€409,770 | +46.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.