RS Projects: 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 Projects
Largest movements
- Tangible fixed assets -€52,399
down €52,399 (-7.2%), from €730,573 to €678,174
of which Plant, machinery and equipment: -€29,184
- Debts after one year -€49,452
down €49,452 (-9.4%), from €523,954 to €474,502
- Profit (loss) carried forward -€44,231
down €44,231 (-21.6%), from -€204,978 to -€249,209
- Other debts +€26,950
up €26,950 (+9.3%), from €289,441 to €316,391
- Accrued charges and deferred income +€12,087
up €12,087 (+263.3%), from €4,590 to €16,676
- Purchases and services -€18,431
no longer reported in 2025 (was €18,431)
- Financial charges +€11,022
up €11,022 (+96.5%), from €11,427 to €22,450
- Gross operating margin +€4,512
up €4,512 (+14.9%), from €30,307 to €34,819
- Other operating charges -€547
down €547 (-11.3%), from €4,861 to €4,314
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 | €736,084 | €683,904 | -€52,180 | -7.1% |
| Fixed assets | 21/28 | €730,573 | €678,174 | -€52,399 | -7.2% |
| Tangible fixed assets | 22/27 | €730,573 | €678,174 | -€52,399 | -7.2% |
| Land and buildings | 22 | €441,854 | €418,900 | -€22,954 | -5.2% |
| Plant, machinery and equipment | 23 | €286,999 | €257,815 | -€29,184 | -10.2% |
| Furniture and vehicles | 24 | €1,720 | €1,459 | -€261 | -15.2% |
| Current assets | 29/58 | €5,510 | €5,729 | +€219 | +4.0% |
| Amounts receivable within one year | 40/41 | €3,100 | €1,847 | -€1,253 | -40.4% |
| Trade receivables | 40 | €3,100 | €1,847 | -€1,253 | -40.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,390 | €3,767 | +€1,377 | +57.6% |
| Deferred charges and accrued income | 490/1 | €20 | €115 | +€95 | +480.7% |
| Total equity and liabilities | 10/49 | €736,084 | €683,904 | -€52,180 | -7.1% |
| Equity | 10/15 | -€134,978 | -€179,209 | -€44,231 | -32.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,978 | -€249,209 | -€44,231 | -21.6% |
| Amounts payable | 17/49 | €871,061 | €863,112 | -€7,949 | -0.9% |
| Amounts payable after more than one year | 17 | €523,954 | €474,502 | -€49,452 | -9.4% |
| Financial debts | 170/4 | €523,954 | €474,502 | -€49,452 | -9.4% |
| Amounts payable within one year | 42/48 | €342,517 | €371,934 | +€29,417 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €48,921 | €53,505 | +€4,584 | +9.4% |
| Trade debts | 44 | €1,919 | €213 | -€1,706 | -88.9% |
| Suppliers | 440/4 | €1,919 | €213 | -€1,706 | -88.9% |
| Taxes, remuneration and social security | 45 | €2,236 | €1,825 | -€411 | -18.4% |
| Taxes | 450/3 | €2,236 | €1,825 | -€411 | -18.4% |
| Other amounts payable | 47/48 | €289,441 | €316,391 | +€26,950 | +9.3% |
| Accrued charges and deferred income | 492/3 | €4,590 | €16,676 | +€12,087 | +263.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,431 | - | -€18,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,410 | €52,399 | -€11 | 0.0% |
| Other operating charges | 640/8 | €4,861 | €4,314 | -€547 | -11.3% |
| Gross operating margin | 9900 | €30,307 | €34,819 | +€4,512 | +14.9% |
| Operating profit (loss) | 9901 | -€26,963 | -€21,894 | +€5,070 | +18.8% |
| Financial income | 75/76B | €0 | €111 | +€111 | +276900.0% |
| Recurring financial income | 75 | €0 | €111 | +€111 | +276900.0% |
| Financial charges | 65/66B | €11,427 | €22,450 | +€11,022 | +96.5% |
| Recurring financial charges | 65 | €11,427 | €22,450 | +€11,022 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,390 | -€44,232 | -€5,842 | -15.2% |
| Income taxes | 67/77 | €1 | -€1 | -€3 | |
| Profit (loss) for the period | 9904 | -€38,392 | -€44,231 | -€5,839 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,392 | -€44,231 | -€5,839 | -15.2% |
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 4 October 2026 via checked.be.