RS Properties: 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 Properties
Largest movements
- Tangible fixed assets +€6.9m
up €6.9m (+20.4%), from €33.7m to €40.5m
of which Land and buildings: +€6.9m
- Receivables within one year +€3.5m
up €3.5m (+3835.5%), from €91,402 to €3.6m
of which Trade receivables: +€2.0m
- Cash +€624,330
up €624,330 (+682.0%), from €91,542 to €715,871
mainly Debts after one year (+€10.0m) and Other debts (+€5.5m)
- Debts after one year +€10.0m
new in 2024: €10.0m
- Other debts +€5.5m
up €5.5m (+17.3%), from €31.6m to €37.1m
- Profit (loss) carried forward -€3.0m
down €3.0m (-37.2%), from -€8.2m to -€11.2m
- Trade debts -€1.4m
down €1.4m (-45.5%), from €3.2m to €1.7m
- Gross operating margin +€598,275
up €598,275 (+94.3%), from -€634,736 to -€36,461
- Financial charges +€515,237
up €515,237 (+92.6%), from €556,173 to €1.1m
- Depreciation +€433,910
up €433,910 (+37.7%), from €1.2m to €1.6m
- Other operating charges +€73,190
up €73,190 (+109.0%), from €67,132 to €140,321
- Financial income +€27,424
new in 2024: €27,424
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,925,262 | €44,884,427 | +€11.0m | +32.3% |
| Fixed assets | 21/28 | €33,666,959 | €40,546,892 | +€6.9m | +20.4% |
| Intangible fixed assets | 21 | €1,662 | €1,228 | -€434 | -26.1% |
| Tangible fixed assets | 22/27 | €33,657,101 | €40,537,468 | +€6.9m | +20.4% |
| Land and buildings | 22 | €33,520,755 | €40,422,295 | +€6.9m | +20.6% |
| Plant, machinery and equipment | 23 | €105,981 | €77,422 | -€28,559 | -26.9% |
| Furniture and vehicles | 24 | €30,366 | €37,750 | +€7,385 | +24.3% |
| Financial fixed assets | 28 | €8,196 | €8,196 | = | 0.0% |
| Current assets | 29/58 | €258,303 | €4,337,535 | +€4.1m | +1579.2% |
| Amounts receivable within one year | 40/41 | €91,402 | €3,597,117 | +€3.5m | +3835.5% |
| Trade receivables | 40 | €25,862 | €2,004,381 | +€2.0m | +7650.4% |
| Other amounts receivable | 41 | €65,541 | €1,592,736 | +€1.5m | +2330.1% |
| Cash at bank and in hand | 54/58 | €91,542 | €715,871 | +€624,330 | +682.0% |
| Deferred charges and accrued income | 490/1 | €75,359 | €24,548 | -€50,812 | -67.4% |
| Total equity and liabilities | 10/49 | €33,925,262 | €44,884,427 | +€11.0m | +32.3% |
| Equity | 10/15 | -€1,025,944 | -€4,058,680 | -€3.0m | -295.6% |
| Contributions | 10/11 | €7,125,000 | €7,125,000 | = | 0.0% |
| Capital | 10 | €7,125,000 | €7,125,000 | = | 0.0% |
| Issued capital | 100 | €7,125,000 | €7,125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,163,444 | -€11,196,180 | -€3.0m | -37.2% |
| Amounts payable | 17/49 | €34,951,206 | €48,943,108 | +€14.0m | +40.0% |
| Amounts payable after more than one year | 17 | - | €9,958,230 | +€10.0m | |
| Financial debts | 170/4 | - | €9,958,230 | +€10.0m | |
| Amounts payable within one year | 42/48 | €34,798,174 | €38,856,655 | +€4.1m | +11.7% |
| Trade debts | 44 | €3,162,682 | €1,722,212 | -€1.4m | -45.5% |
| Suppliers | 440/4 | €3,162,682 | €1,722,212 | -€1.4m | -45.5% |
| Taxes, remuneration and social security | 45 | €13,564 | €28,833 | +€15,269 | +112.6% |
| Taxes | 450/3 | - | €14,527 | +€14,527 | |
| Remuneration and social security | 454/9 | €13,564 | €14,306 | +€742 | +5.5% |
| Other amounts payable | 47/48 | €31,621,928 | €37,105,611 | +€5.5m | +17.3% |
| Accrued charges and deferred income | 492/3 | €153,032 | €128,222 | -€24,810 | -16.2% |
| Remuneration, social security and pensions | 62 | €220,362 | €227,624 | +€7,262 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150,434 | €1,584,344 | +€433,910 | +37.7% |
| Other operating charges | 640/8 | €67,132 | €140,321 | +€73,190 | +109.0% |
| Gross operating margin | 9900 | -€634,736 | -€36,461 | +€598,275 | +94.3% |
| Operating profit (loss) | 9901 | -€2,072,664 | -€1,988,750 | +€83,914 | +4.0% |
| Financial income | 75/76B | - | €27,424 | +€27,424 | |
| Recurring financial income | 75 | - | €27,424 | +€27,424 | |
| Financial charges | 65/66B | €556,173 | €1,071,410 | +€515,237 | +92.6% |
| Recurring financial charges | 65 | €556,173 | €1,071,410 | +€515,237 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,628,837 | -€3,032,736 | -€403,899 | -15.4% |
| Profit (loss) for the period | 9904 | -€2,628,837 | -€3,032,736 | -€403,899 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,628,837 | -€3,032,736 | -€403,899 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.