RS LOCATIONS: what changed
RS LOCATIONS
Largest movements
- Tangible fixed assets +€257,426
up €257,426 (+4,114%), from €6,257 to €263,683
of which Other tangible fixed assets: +€205,333
- Receivables within one year +€106,848
up €106,848 (+272%), from €39,341 to €146,189
of which Trade receivables: +€61,130
- Cash -€29,708
down €29,708 (-71.8%), from €41,398 to €11,690
mainly Investment in fixed assets (net) (-€303,280) and Receivables within one year (-€106,848)
- Deferred charges and accrued income -€10,769
down €10,769 (-87.7%), from €12,275 to €1,506
- Debts after one year +€244,865
new in 2025: €244,865
of which Financial debts: +€229,921
- Trade debts +€47,949
up €47,949 (+54.7%), from €87,725 to €135,674
- Profit (loss) carried forward -€41,963
down €41,963, from €5,463 to -€36,501
- Current portion of long-term debt +€38,908
new in 2025: €38,908
- Advances received +€33,730
new in 2025: €33,730
- Depreciation +€40,459
up €40,459 (+2,964%), from €1,365 to €41,824
- Financial charges +€11,455
up €11,455 (+1,600%), from €716 to €12,171
- Gross operating margin +€3,626
up €3,626 (+39.5%), from €9,175 to €12,802
- Taxes -€1,664
down €1,664, from €1,662 to -€2
- Other operating charges +€773
new in 2025: €773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,271 | €427,097 | +€327,826 | +330% |
| Fixed assets | 21/28 | €6,257 | €267,713 | +€261,456 | +4,179% |
| Intangible fixed assets | 21 | - | €4,030 | +€4,030 | |
| Tangible fixed assets | 22/27 | €6,257 | €263,683 | +€257,426 | +4,114% |
| Furniture and vehicles | 24 | €3,352 | €55,444 | +€52,093 | +1,554% |
| Other tangible fixed assets | 26 | €2,905 | €208,238 | +€205,333 | +7,068% |
| Current assets | 29/58 | €93,014 | €159,385 | +€66,371 | +71.4% |
| Amounts receivable within one year | 40/41 | €39,341 | €146,189 | +€106,848 | +272% |
| Trade receivables | 40 | €21,746 | €82,876 | +€61,130 | +281% |
| Other amounts receivable | 41 | €17,595 | €63,313 | +€45,718 | +260% |
| Cash at bank and in hand | 54/58 | €41,398 | €11,690 | -€29,708 | -71.8% |
| Deferred charges and accrued income | 490/1 | €12,275 | €1,506 | -€10,769 | -87.7% |
| Total equity and liabilities | 10/49 | €99,271 | €427,097 | +€327,826 | +330% |
| Equity | 10/15 | €6,963 | -€35,001 | -€41,963 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,463 | -€36,501 | -€41,963 | |
| Amounts payable | 17/49 | €92,308 | €462,098 | +€369,790 | +401% |
| Amounts payable after more than one year | 17 | - | €244,865 | +€244,865 | |
| Financial debts | 170/4 | - | €229,921 | +€229,921 | |
| Other amounts payable | 178/9 | - | €14,944 | +€14,944 | |
| Amounts payable within one year | 42/48 | €92,308 | €217,233 | +€124,925 | +135% |
| Current portion of amounts payable after more than one year | 42 | - | €38,908 | +€38,908 | |
| Trade debts | 44 | €87,725 | €135,674 | +€47,949 | +54.7% |
| Suppliers | 440/4 | €87,725 | €135,674 | +€47,949 | +54.7% |
| Advances received on contracts in progress | 46 | - | €33,730 | +€33,730 | |
| Taxes, remuneration and social security | 45 | €2,585 | €2,085 | -€500 | -19.4% |
| Taxes | 450/3 | €2,585 | €2,085 | -€500 | -19.4% |
| Other amounts payable | 47/48 | €1,998 | €6,837 | +€4,839 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | €41,824 | +€40,459 | +2,964% |
| Other operating charges | 640/8 | - | €773 | +€773 | |
| Gross operating margin | 9900 | €9,175 | €12,802 | +€3,626 | +39.5% |
| Operating profit (loss) | 9901 | €7,810 | -€29,795 | -€37,605 | |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €716 | €12,171 | +€11,455 | +1,600% |
| Recurring financial charges | 65 | €716 | €12,171 | +€11,455 | +1,600% |
| Profit (loss) for the period before taxes | 9903 | €7,124 | -€41,966 | -€49,090 | |
| Income taxes | 67/77 | €1,662 | -€2 | -€1,664 | |
| Profit (loss) for the period | 9904 | €5,463 | -€41,963 | -€47,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,463 | -€41,963 | -€47,426 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.