RS Plus: what changed
Two fiscal 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 Plus
Largest movements
- Receivables within one year +€21,011
up €21,011 (+179.0%), from €11,738 to €32,750
of which Trade receivables: +€19,735
- Cash +€9,711
up €9,711 (+1164.9%), from €834 to €10,544
mainly Net result for the year (+€26,324) and Depreciation (+€14,401)
- Tangible fixed assets -€2,000
down €2,000 (-4.5%), from €44,742 to €42,742
of which Plant, machinery and equipment: -€8,863
- Profit (loss) carried forward +€13,386
up €13,386, from -€13,386 to €0
- Reserves +€12,938
up €12,938 (+322.9%), from €4,007 to €16,945
- Tax, wage and social debts +€12,628
up €12,628 (+369.7%), from €3,416 to €16,044
of which Taxes: +€10,039
- Other debts -€10,462
down €10,462 (-17.0%), from €61,428 to €50,966
- Gross operating margin +€58,178
up €58,178 (+845.1%), from €6,884 to €65,062
- Taxes +€8,126
up €8,126, from €0 to €8,126
- Staff costs +€8,066
new in 2025: €8,066
- Depreciation +€1,161
up €1,161 (+8.8%), from €13,240 to €14,401
- Other operating charges +€695
up €695 (+70.6%), from €985 to €1,680
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.
Cash bridge derived
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 | €61,027 | €89,383 | +€28,356 | +46.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €46,450 | €43,722 | -€2,728 | -5.9% |
| Intangible fixed assets | 21 | €1,607 | €940 | -€668 | -41.5% |
| Tangible fixed assets | 22/27 | €44,742 | €42,742 | -€2,000 | -4.5% |
| Plant, machinery and equipment | 23 | €35,364 | €26,501 | -€8,863 | -25.1% |
| Furniture and vehicles | 24 | €9,378 | €16,241 | +€6,863 | +73.2% |
| Financial fixed assets | 28 | €100 | €40 | -€60 | -60.0% |
| Current assets | 29/58 | €14,577 | €45,661 | +€31,084 | +213.2% |
| Amounts receivable within one year | 40/41 | €11,738 | €32,750 | +€21,011 | +179.0% |
| Trade receivables | 40 | €8,734 | €28,469 | +€19,735 | +225.9% |
| Other amounts receivable | 41 | €3,004 | €4,281 | +€1,277 | +42.5% |
| Cash at bank and in hand | 54/58 | €834 | €10,544 | +€9,711 | +1164.9% |
| Deferred charges and accrued income | 490/1 | €2,005 | €2,367 | +€362 | +18.0% |
| Total equity and liabilities | 10/49 | €61,027 | €89,383 | +€28,356 | +46.5% |
| Equity | 10/15 | -€4,379 | €21,945 | +€26,324 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,007 | €16,945 | +€12,938 | +322.9% |
| Distributable reserves | 133 | €4,007 | €16,945 | +€12,938 | +322.9% |
| Profit (loss) carried forward | 14 | -€13,386 | €0 | +€13,386 | |
| Amounts payable | 17/49 | €65,406 | €67,438 | +€2,032 | +3.1% |
| Amounts payable within one year | 42/48 | €65,406 | €67,438 | +€2,032 | +3.1% |
| Financial debts | 43 | €214 | €53 | -€160 | -75.1% |
| Credit institutions | 430/8 | €214 | €53 | -€160 | -75.1% |
| Trade debts | 44 | €349 | €376 | +€26 | +7.6% |
| Suppliers | 440/4 | €349 | €376 | +€26 | +7.6% |
| Taxes, remuneration and social security | 45 | €3,416 | €16,044 | +€12,628 | +369.7% |
| Taxes | 450/3 | €3,416 | €13,454 | +€10,039 | +293.9% |
| Remuneration and social security | 454/9 | €0 | €2,590 | +€2,590 | |
| Other amounts payable | 47/48 | €61,428 | €50,966 | -€10,462 | -17.0% |
| Remuneration, social security and pensions | 62 | - | €8,066 | +€8,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,240 | €14,401 | +€1,161 | +8.8% |
| Other operating charges | 640/8 | €985 | €1,680 | +€695 | +70.6% |
| Gross operating margin | 9900 | €6,884 | €65,062 | +€58,178 | +845.1% |
| Operating profit (loss) | 9901 | -€7,340 | €40,915 | +€48,256 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €6,051 | €6,465 | +€415 | +6.9% |
| Recurring financial charges | 65 | €6,051 | €6,465 | +€415 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,386 | €34,450 | +€47,836 | |
| Income taxes | 67/77 | €0 | €8,126 | +€8,126 | |
| Profit (loss) for the period | 9904 | -€13,386 | €26,324 | +€39,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,386 | €26,324 | +€39,710 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.