RS Management: 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 Management
Largest movements
- Stocks and contracts -€255,701
down €255,701 (-87.5%), from €292,084 to €36,383
- Cash +€132,112
up €132,112 (+69.4%), from €190,463 to €322,575
mainly Stocks and contracts (+€255,701) and Deferred charges and accrued income (+€10,398)
- Deferred charges and accrued income -€10,398
down €10,398 (-100%), from €10,398 to €0
- Receivables within one year -€10,064
down €10,064 (-97.8%), from €10,290 to €225
- Debts after one year -€94,815
down €94,815 (-100%), from €94,815 to €0
- Reserves -€23,166
down €23,166 (-8.7%), from €265,035 to €241,869
of which Distributable reserves: -€19,446
- Current portion of long-term debt -€15,171
down €15,171 (-100%), from €15,171 to €0
- Trade debts -€10,909
down €10,909 (-10.0%), from €109,508 to €98,599
- Gross operating margin +€67,265
up €67,265 (+75.7%), from -€88,840 to -€21,574
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 | €503,235 | €359,184 | -€144,051 | -28.6% |
| Current assets | 29/58 | €503,235 | €359,184 | -€144,051 | -28.6% |
| Stocks and contracts in progress | 3 | €292,084 | €36,383 | -€255,701 | -87.5% |
| Stocks | 30/36 | €292,084 | €36,383 | -€255,701 | -87.5% |
| Amounts receivable within one year | 40/41 | €10,290 | €225 | -€10,064 | -97.8% |
| Other amounts receivable | 41 | €10,290 | €225 | -€10,064 | -97.8% |
| Cash at bank and in hand | 54/58 | €190,463 | €322,575 | +€132,112 | +69.4% |
| Deferred charges and accrued income | 490/1 | €10,398 | €0 | -€10,398 | -100% |
| Total equity and liabilities | 10/49 | €503,235 | €359,184 | -€144,051 | -28.6% |
| Equity | 10/15 | €283,235 | €260,069 | -€23,166 | -8.2% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €265,035 | €241,869 | -€23,166 | -8.7% |
| Non-distributable reserves | 130/1 | €3,720 | €0 | -€3,720 | -100% |
| Reserves not available under the articles | 1311 | €3,720 | €0 | -€3,720 | -100% |
| Distributable reserves | 133 | €261,315 | €241,869 | -€19,446 | -7.4% |
| Amounts payable | 17/49 | €220,000 | €99,115 | -€120,885 | -54.9% |
| Amounts payable after more than one year | 17 | €94,815 | €0 | -€94,815 | -100% |
| Financial debts | 170/4 | €94,815 | €0 | -€94,815 | -100% |
| Amounts payable within one year | 42/48 | €124,895 | €98,816 | -€26,079 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €15,171 | €0 | -€15,171 | -100% |
| Trade debts | 44 | €109,508 | €98,599 | -€10,909 | -10.0% |
| Suppliers | 440/4 | €109,508 | €98,599 | -€10,909 | -10.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €216 | €216 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €290 | €299 | +€9 | +3.1% |
| Other operating charges | 640/8 | €382 | €126 | -€256 | -67.0% |
| Gross operating margin | 9900 | -€88,840 | -€21,574 | +€67,265 | +75.7% |
| Operating profit (loss) | 9901 | -€89,222 | -€21,700 | +€67,522 | +75.7% |
| Financial income | 75/76B | €309 | €752 | +€442 | +143% |
| Recurring financial income | 75 | €309 | €752 | +€442 | +143% |
| Financial charges | 65/66B | €2,283 | €2,217 | -€66 | -2.9% |
| Recurring financial charges | 65 | €2,283 | €2,217 | -€66 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€91,195 | -€23,166 | +€68,030 | +74.6% |
| Profit (loss) for the period | 9904 | -€91,195 | -€23,166 | +€68,030 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,195 | -€23,166 | +€68,030 | +74.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.