RS TECHNIEK: 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 TECHNIEK
Largest movements
- Tangible fixed assets +€93,943
up €93,943 (+44.8%), from €209,651 to €303,594
of which Furniture and vehicles: +€117,457
- Cash +€34,962
up €34,962 (+77.7%), from €45,008 to €79,970
mainly Debts after one year (+€61,397) and Net result for the year (+€36,752)
- Stocks and contracts +€14,726
up €14,726 (+40.1%), from €36,712 to €51,437
- Receivables within one year -€8,323
down €8,323 (-12.8%), from €65,191 to €56,867
of which Trade receivables: -€16,958
- Deferred charges and accrued income -€6,205
down €6,205 (-69.3%), from €8,953 to €2,748
- Debts after one year +€61,397
up €61,397 (+48.8%), from €125,706 to €187,103
- Reserves +€36,752
up €36,752 (+28.3%), from €129,757 to €166,509
- Short-term financial debts +€15,366
up €15,366 (+77.0%), from €19,968 to €35,334
of which Credit institutions: +€34,366
- Trade debts +€14,946
up €14,946 (+397%), from €3,762 to €18,708
- Current portion of long-term debt +€8,823
up €8,823 (+34.2%), from €25,781 to €34,603
- Gross operating margin +€20,255
up €20,255 (+28.5%), from €71,065 to €91,321
- Taxes +€3,819
up €3,819 (+41.2%), from €9,281 to €13,100
- Depreciation +€2,094
up €2,094 (+6.7%), from €31,043 to €33,137
- Financial charges +€2,026
up €2,026 (+47.8%), from €4,241 to €6,267
- Write-downs -€1,886
down €1,886 (-100%), from €1,886 to €0
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 | €365,514 | €494,616 | +€129,102 | +35.3% |
| Fixed assets | 21/28 | €209,651 | €303,594 | +€93,943 | +44.8% |
| Tangible fixed assets | 22/27 | €209,651 | €303,594 | +€93,943 | +44.8% |
| Land and buildings | 22 | €137,834 | €129,835 | -€7,999 | -5.8% |
| Plant, machinery and equipment | 23 | €6,057 | €3,927 | -€2,130 | -35.2% |
| Furniture and vehicles | 24 | €52,375 | €169,832 | +€117,457 | +224% |
| Leasing and similar rights | 25 | €13,385 | €0 | -€13,385 | -100% |
| Current assets | 29/58 | €155,863 | €191,022 | +€35,159 | +22.6% |
| Stocks and contracts in progress | 3 | €36,712 | €51,437 | +€14,726 | +40.1% |
| Stocks | 30/36 | €36,712 | €51,437 | +€14,726 | +40.1% |
| Amounts receivable within one year | 40/41 | €65,191 | €56,867 | -€8,323 | -12.8% |
| Trade receivables | 40 | €58,325 | €41,367 | -€16,958 | -29.1% |
| Other amounts receivable | 41 | €6,866 | €15,501 | +€8,634 | +126% |
| Cash at bank and in hand | 54/58 | €45,008 | €79,970 | +€34,962 | +77.7% |
| Deferred charges and accrued income | 490/1 | €8,953 | €2,748 | -€6,205 | -69.3% |
| Total equity and liabilities | 10/49 | €365,514 | €494,616 | +€129,102 | +35.3% |
| Equity | 10/15 | €148,357 | €185,109 | +€36,752 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,757 | €166,509 | +€36,752 | +28.3% |
| Distributable reserves | 133 | €129,757 | €166,509 | +€36,752 | +28.3% |
| Amounts payable | 17/49 | €217,157 | €309,507 | +€92,350 | +42.5% |
| Amounts payable after more than one year | 17 | €125,706 | €187,103 | +€61,397 | +48.8% |
| Financial debts | 170/4 | €125,706 | €187,103 | +€61,397 | +48.8% |
| Amounts payable within one year | 42/48 | €91,452 | €122,405 | +€30,953 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €25,781 | €34,603 | +€8,823 | +34.2% |
| Financial debts | 43 | €19,968 | €35,334 | +€15,366 | +77.0% |
| Credit institutions | 430/8 | €968 | €35,334 | +€34,366 | +3,550% |
| Other loans | 439 | €19,000 | €0 | -€19,000 | -100% |
| Trade debts | 44 | €3,762 | €18,708 | +€14,946 | +397% |
| Suppliers | 440/4 | €3,762 | €18,708 | +€14,946 | +397% |
| Taxes, remuneration and social security | 45 | €0 | €600 | +€600 | |
| Taxes | 450/3 | €0 | €600 | +€600 | |
| Other amounts payable | 47/48 | €41,941 | €33,159 | -€8,782 | -20.9% |
| Non-recurring operating income | 76A | €4,132 | €12,192 | +€8,059 | +195% |
| Remuneration, social security and pensions | 62 | -€897 | €293 | +€1,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,043 | €33,137 | +€2,094 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,886 | €0 | -€1,886 | -100% |
| Other operating charges | 640/8 | €2,182 | €1,918 | -€264 | -12.1% |
| Non-recurring operating charges | 66A | €1,765 | €0 | -€1,765 | -100% |
| Gross operating margin | 9900 | €71,065 | €91,321 | +€20,255 | +28.5% |
| Operating profit (loss) | 9901 | €35,086 | €55,973 | +€20,888 | +59.5% |
| Financial income | 75/76B | €56 | €146 | +€90 | +159% |
| Recurring financial income | 75 | €56 | €146 | +€90 | +159% |
| Financial charges | 65/66B | €4,241 | €6,267 | +€2,026 | +47.8% |
| Recurring financial charges | 65 | €4,241 | €6,267 | +€2,026 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €30,900 | €49,852 | +€18,951 | +61.3% |
| Income taxes | 67/77 | €9,281 | €13,100 | +€3,819 | +41.2% |
| Profit (loss) for the period | 9904 | €21,620 | €36,752 | +€15,132 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,620 | €36,752 | +€15,132 | +70.0% |
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 24 October 2026 via checked.be.