RS PRODUCTS: 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 PRODUCTS
Largest movements
- Tangible fixed assets +€22,825
up €22,825 (+4.7%), from €488,778 to €511,603
of which Assets under construction and advance payments: +€46,399
- Receivables within one year -€20,309
down €20,309 (-97.0%), from €20,931 to €622
of which Other amounts receivable: -€13,654
- Cash -€7,819
down €7,819 (-58.9%), from €13,277 to €5,458
mainly Investment in fixed assets (net) (-€52,999) and Debts after one year (-€25,107)
- Other debts +€32,034
up €32,034 (+111%), from €28,785 to €60,819
- Debts after one year -€25,107
down €25,107 (-19.0%), from €131,994 to €106,887
- Trade debts -€12,527
down €12,527 (-41.1%), from €30,489 to €17,963
- Revaluation surpluses -€10,481
down €10,481 (-4.5%), from €230,593 to €220,111
- Reserves +€9,704
up €9,704 (+159%), from €6,104 to €15,808
- Gross operating margin +€6,981
up €6,981 (+18.6%), from €37,546 to €44,527
- Depreciation +€5,306
up €5,306 (+21.3%), from €24,868 to €30,174
- Financial charges +€1,724
up €1,724 (+22.8%), from €7,549 to €9,274
- Other operating charges +€1,341
up €1,341 (+29.7%), from €4,516 to €5,857
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 | €523,660 | €518,423 | -€5,237 | -1.0% |
| Fixed assets | 21/28 | €488,778 | €511,603 | +€22,825 | +4.7% |
| Tangible fixed assets | 22/27 | €488,778 | €511,603 | +€22,825 | +4.7% |
| Land and buildings | 22 | €447,259 | €432,913 | -€14,347 | -3.2% |
| Plant, machinery and equipment | 23 | €41,519 | €32,292 | -€9,227 | -22.2% |
| Assets under construction and advance payments | 27 | - | €46,399 | +€46,399 | |
| Current assets | 29/58 | €34,881 | €6,820 | -€28,061 | -80.4% |
| Amounts receivable within one year | 40/41 | €20,931 | €622 | -€20,309 | -97.0% |
| Trade receivables | 40 | €6,655 | €0 | -€6,655 | -100% |
| Other amounts receivable | 41 | €14,276 | €622 | -€13,654 | -95.6% |
| Cash at bank and in hand | 54/58 | €13,277 | €5,458 | -€7,819 | -58.9% |
| Deferred charges and accrued income | 490/1 | €673 | €740 | +€67 | +10.0% |
| Total equity and liabilities | 10/49 | €523,660 | €518,423 | -€5,237 | -1.0% |
| Equity | 10/15 | €306,697 | €305,919 | -€778 | -0.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €230,593 | €220,111 | -€10,481 | -4.5% |
| Reserves | 13 | €6,104 | €15,808 | +€9,704 | +159% |
| Distributable reserves | 133 | €6,104 | €15,808 | +€9,704 | +159% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €216,963 | €212,504 | -€4,459 | -2.1% |
| Amounts payable after more than one year | 17 | €131,994 | €106,887 | -€25,107 | -19.0% |
| Financial debts | 170/4 | €131,994 | €106,887 | -€25,107 | -19.0% |
| Amounts payable within one year | 42/48 | €83,240 | €103,889 | +€20,649 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €23,966 | €25,107 | +€1,141 | +4.8% |
| Trade debts | 44 | €30,489 | €17,963 | -€12,527 | -41.1% |
| Suppliers | 440/4 | €30,489 | €17,963 | -€12,527 | -41.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,785 | €60,819 | +€32,034 | +111% |
| Accrued charges and deferred income | 492/3 | €1,729 | €1,729 | = | 0.0% |
| Non-recurring operating income | 76A | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,868 | €30,174 | +€5,306 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,516 | €5,857 | +€1,341 | +29.7% |
| Gross operating margin | 9900 | €37,546 | €44,527 | +€6,981 | +18.6% |
| Operating profit (loss) | 9901 | €8,162 | €8,496 | +€333 | +4.1% |
| Financial income | 75/76B | €330 | €0 | -€330 | -100% |
| Recurring financial income | 75 | €330 | €0 | -€330 | -100% |
| Financial charges | 65/66B | €7,549 | €9,274 | +€1,724 | +22.8% |
| Recurring financial charges | 65 | €7,549 | €9,274 | +€1,724 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €943 | -€778 | -€1,721 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €943 | -€778 | -€1,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €943 | -€778 | -€1,721 |
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 26 October 2026 via checked.be.