RS SERVICE: 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 SERVICE
Largest movements
- Tangible fixed assets +€267,164
up €267,164 (+360%), from €74,253 to €341,417
of which Land and buildings: +€251,178
- Cash -€115,223
down €115,223 (-53.8%), from €214,152 to €98,929
mainly Investment in fixed assets (net) (-€291,858) and Receivables within one year (-€57,318)
- Receivables within one year +€57,318
up €57,318 (+54.0%), from €106,076 to €163,394
of which Trade receivables: +€41,006
- Debts after one year +€168,361
new in 2025: €168,361
of which Financial debts: +€166,781
- Profit (loss) carried forward +€39,289
up €39,289 (+13.7%), from €286,256 to €325,545
- Trade debts -€10,673
down €10,673 (-20.6%), from €51,873 to €41,200
- Current portion of long-term debt +€9,400
new in 2025: €9,400
- Tax, wage and social debts +€9,128
up €9,128 (+176%), from €5,173 to €14,300
of which Remuneration and social security: +€4,645
- Gross operating margin +€73,472
up €73,472 (+44.7%), from €164,538 to €238,010
- Other operating charges +€18,871
up €18,871 (+33.8%), from €55,851 to €74,721
- Staff costs +€17,284
new in 2025: €17,284
- Depreciation +€6,841
up €6,841 (+38.3%), from €17,853 to €24,694
- Taxes -€6,806
down €6,806 (-35.7%), from €19,073 to €12,267
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 | €394,481 | €608,805 | +€214,325 | +54.3% |
| Fixed assets | 21/28 | €74,253 | €341,417 | +€267,164 | +360% |
| Tangible fixed assets | 22/27 | €74,253 | €341,417 | +€267,164 | +360% |
| Land and buildings | 22 | €11,814 | €262,992 | +€251,178 | +2,126% |
| Plant, machinery and equipment | 23 | €2,063 | €1,557 | -€506 | -24.5% |
| Furniture and vehicles | 24 | €60,376 | €76,868 | +€16,492 | +27.3% |
| Current assets | 29/58 | €320,228 | €267,388 | -€52,839 | -16.5% |
| Amounts receivable within one year | 40/41 | €106,076 | €163,394 | +€57,318 | +54.0% |
| Trade receivables | 40 | €84,958 | €125,963 | +€41,006 | +48.3% |
| Other amounts receivable | 41 | €21,118 | €37,430 | +€16,312 | +77.2% |
| Cash at bank and in hand | 54/58 | €214,152 | €98,929 | -€115,223 | -53.8% |
| Deferred charges and accrued income | 490/1 | - | €5,066 | +€5,066 | |
| Total equity and liabilities | 10/49 | €394,481 | €608,805 | +€214,325 | +54.3% |
| Equity | 10/15 | €296,256 | €335,545 | +€39,289 | +13.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,256 | €325,545 | +€39,289 | +13.7% |
| Amounts payable | 17/49 | €98,225 | €273,261 | +€175,036 | +178% |
| Amounts payable after more than one year | 17 | - | €168,361 | +€168,361 | |
| Financial debts | 170/4 | - | €166,781 | +€166,781 | |
| Other amounts payable | 178/9 | - | €1,580 | +€1,580 | |
| Amounts payable within one year | 42/48 | €98,225 | €104,900 | +€6,675 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,400 | +€9,400 | |
| Trade debts | 44 | €51,873 | €41,200 | -€10,673 | -20.6% |
| Suppliers | 440/4 | €51,873 | €41,200 | -€10,673 | -20.6% |
| Taxes, remuneration and social security | 45 | €5,173 | €14,300 | +€9,128 | +176% |
| Taxes | 450/3 | €5,173 | €9,656 | +€4,483 | +86.7% |
| Remuneration and social security | 454/9 | - | €4,645 | +€4,645 | |
| Other amounts payable | 47/48 | €41,179 | €40,000 | -€1,179 | -2.9% |
| Non-recurring operating income | 76A | €8,862 | €190,000 | +€181,138 | +2,044% |
| Remuneration, social security and pensions | 62 | - | €17,284 | +€17,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,853 | €24,694 | +€6,841 | +38.3% |
| Other operating charges | 640/8 | €55,851 | €74,721 | +€18,871 | +33.8% |
| Non-recurring operating charges | 66A | - | €63,356 | +€63,356 | |
| Gross operating margin | 9900 | €164,538 | €238,010 | +€73,472 | +44.7% |
| Operating profit (loss) | 9901 | €90,834 | €57,955 | -€32,879 | -36.2% |
| Financial income | 75/76B | €1 | €2 | +€2 | +358% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +358% |
| Financial charges | 65/66B | €4,100 | €6,402 | +€2,302 | +56.2% |
| Recurring financial charges | 65 | €3,752 | €6,402 | +€2,650 | +70.6% |
| Non-recurring financial charges | 66B | €348 | - | -€348 | |
| Profit (loss) for the period before taxes | 9903 | €86,735 | €51,556 | -€35,179 | -40.6% |
| Income taxes | 67/77 | €19,073 | €12,267 | -€6,806 | -35.7% |
| Profit (loss) for the period | 9904 | €67,662 | €39,289 | -€28,373 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,662 | €39,289 | -€28,373 | -41.9% |
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 15 October 2026 via checked.be.