RS TEAM: 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 TEAM
Largest movements
- Receivables within one year +€91,394
up €91,394 (+93.8%), from €97,471 to €188,865
of which Trade receivables: +€103,315
- Cash +€10,267
up €10,267 (+7.0%), from €145,701 to €155,968
mainly Net result for the year (+€85,715) and Tax, wage and social debts (+€31,851)
- Tangible fixed assets -€3,706
down €3,706 (-16.2%), from €22,864 to €19,158
of which Furniture and vehicles: -€3,108
- Reserves +€85,715
up €85,715 (+432%), from €19,844 to €105,560
- Tax, wage and social debts +€31,851
up €31,851 (+137%), from €23,257 to €55,109
of which Taxes: +€31,893
- Other debts +€23,251
up €23,251, from €0 to €23,251
- Profit (loss) carried forward -€20,000
down €20,000 (-15.9%), from €125,587 to €105,587
- Trade debts -€17,257
down €17,257 (-21.1%), from €81,881 to €64,624
- Gross operating margin +€81,597
up €81,597 (+82.3%), from €99,175 to €180,771
- Taxes +€32,230
up €32,230 (+284%), from €11,363 to €43,593
- Staff costs -€12,815
down €12,815 (-27.1%), from €47,273 to €34,458
- Other operating charges -€2,259
down €2,259 (-49.9%), from €4,528 to €2,270
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 | €269,062 | €368,815 | +€99,753 | +37.1% |
| Fixed assets | 21/28 | €22,942 | €19,236 | -€3,706 | -16.2% |
| Tangible fixed assets | 22/27 | €22,864 | €19,158 | -€3,706 | -16.2% |
| Plant, machinery and equipment | 23 | €1,010 | €412 | -€598 | -59.2% |
| Furniture and vehicles | 24 | €21,854 | €18,746 | -€3,108 | -14.2% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €246,120 | €349,579 | +€103,459 | +42.0% |
| Amounts receivable within one year | 40/41 | €97,471 | €188,865 | +€91,394 | +93.8% |
| Trade receivables | 40 | €73,350 | €176,665 | +€103,315 | +141% |
| Other amounts receivable | 41 | €24,121 | €12,201 | -€11,921 | -49.4% |
| Cash at bank and in hand | 54/58 | €145,701 | €155,968 | +€10,267 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,948 | €4,746 | +€1,798 | +61.0% |
| Total equity and liabilities | 10/49 | €269,062 | €368,815 | +€99,753 | +37.1% |
| Equity | 10/15 | €149,431 | €215,147 | +€65,715 | +44.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,844 | €105,560 | +€85,715 | +432% |
| Distributable reserves | 133 | €19,844 | €105,560 | +€85,715 | +432% |
| Profit (loss) carried forward | 14 | €125,587 | €105,587 | -€20,000 | -15.9% |
| Amounts payable | 17/49 | €119,631 | €153,668 | +€34,037 | +28.5% |
| Amounts payable after more than one year | 17 | €971 | €0 | -€971 | -100% |
| Financial debts | 170/4 | €971 | €0 | -€971 | -100% |
| Amounts payable within one year | 42/48 | €118,660 | €153,632 | +€34,972 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €13,522 | €10,648 | -€2,874 | -21.3% |
| Trade debts | 44 | €81,881 | €64,624 | -€17,257 | -21.1% |
| Suppliers | 440/4 | €81,881 | €64,624 | -€17,257 | -21.1% |
| Taxes, remuneration and social security | 45 | €23,257 | €55,109 | +€31,851 | +137% |
| Taxes | 450/3 | €3,914 | €35,807 | +€31,893 | +815% |
| Remuneration and social security | 454/9 | €19,343 | €19,302 | -€41 | -0.2% |
| Other amounts payable | 47/48 | €0 | €23,251 | +€23,251 | |
| Accrued charges and deferred income | 492/3 | €0 | €36 | +€36 | |
| Remuneration, social security and pensions | 62 | €47,273 | €34,458 | -€12,815 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,229 | €10,626 | -€1,603 | -13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,528 | €2,270 | -€2,259 | -49.9% |
| Gross operating margin | 9900 | €99,175 | €180,771 | +€81,597 | +82.3% |
| Operating profit (loss) | 9901 | €35,144 | €133,417 | +€98,273 | +280% |
| Financial income | 75/76B | €23 | €0 | -€23 | -98.8% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -98.8% |
| Financial charges | 65/66B | €3,960 | €4,110 | +€150 | +3.8% |
| Recurring financial charges | 65 | €3,960 | €4,110 | +€150 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €31,208 | €129,308 | +€98,100 | +314% |
| Income taxes | 67/77 | €11,363 | €43,593 | +€32,230 | +284% |
| Profit (loss) for the period | 9904 | €19,844 | €85,715 | +€65,871 | +332% |
| Profit (loss) for the period to be appropriated | 9905 | €19,844 | €85,715 | +€65,871 | +332% |
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 21 October 2026 via checked.be.