RS Works: 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 Works
Largest movements
- Tangible fixed assets -€16,650
down €16,650 (-19.3%), from €86,162 to €69,513
of which Furniture and vehicles: -€13,819
- Cash +€9,237
up €9,237 (+17.7%), from €52,079 to €61,316
mainly Depreciation (+€17,592) and Net result for the year (+€12,162)
- Debts after one year -€12,844
down €12,844 (-25.9%), from €49,678 to €36,835
- Reserves +€10,496
up €10,496 (+20.5%), from €51,270 to €61,766
- Tax, wage and social debts -€3,237
down €3,237 (-31.6%), from €10,235 to €6,997
of which Taxes: -€3,387
- Current portion of long-term debt -€2,500
down €2,500 (-16.3%), from €15,343 to €12,844
- Other debts +€2,192
up €2,192 (+14.2%), from €15,398 to €17,590
- Depreciation +€10,024
up €10,024 (+132%), from €7,567 to €17,592
- Gross operating margin -€1,394
down €1,394 (-3.6%), from €38,854 to €37,459
- Taxes -€1,273
down €1,273 (-26.6%), from €4,791 to €3,518
- Financial charges +€921
up €921 (+34.2%), from €2,694 to €3,616
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 | €147,206 | €141,524 | -€5,682 | -3.9% |
| Fixed assets | 21/28 | €86,162 | €69,513 | -€16,650 | -19.3% |
| Tangible fixed assets | 22/27 | €86,162 | €69,513 | -€16,650 | -19.3% |
| Land and buildings | 22 | €13,576 | €12,515 | -€1,061 | -7.8% |
| Plant, machinery and equipment | 23 | €6,410 | €4,641 | -€1,769 | -27.6% |
| Furniture and vehicles | 24 | €66,176 | €52,357 | -€13,819 | -20.9% |
| Current assets | 29/58 | €61,043 | €72,011 | +€10,968 | +18.0% |
| Amounts receivable within one year | 40/41 | €8,400 | €9,497 | +€1,097 | +13.1% |
| Trade receivables | 40 | €7,178 | €8,015 | +€837 | +11.7% |
| Other amounts receivable | 41 | €1,222 | €1,482 | +€260 | +21.3% |
| Cash at bank and in hand | 54/58 | €52,079 | €61,316 | +€9,237 | +17.7% |
| Deferred charges and accrued income | 490/1 | €564 | €1,198 | +€634 | +112% |
| Total equity and liabilities | 10/49 | €147,206 | €141,524 | -€5,682 | -3.9% |
| Equity | 10/15 | €55,270 | €65,766 | +€10,496 | +19.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €51,270 | €61,766 | +€10,496 | +20.5% |
| Distributable reserves | 133 | €51,270 | €61,766 | +€10,496 | +20.5% |
| Amounts payable | 17/49 | €91,935 | €75,758 | -€16,178 | -17.6% |
| Amounts payable after more than one year | 17 | €49,678 | €36,835 | -€12,844 | -25.9% |
| Financial debts | 170/4 | €49,678 | €36,835 | -€12,844 | -25.9% |
| Amounts payable within one year | 42/48 | €42,257 | €38,923 | -€3,334 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €15,343 | €12,844 | -€2,500 | -16.3% |
| Trade debts | 44 | €1,281 | €1,492 | +€211 | +16.5% |
| Suppliers | 440/4 | €1,281 | €1,492 | +€211 | +16.5% |
| Taxes, remuneration and social security | 45 | €10,235 | €6,997 | -€3,237 | -31.6% |
| Taxes | 450/3 | €8,235 | €4,847 | -€3,387 | -41.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,150 | +€150 | +7.5% |
| Other amounts payable | 47/48 | €15,398 | €17,590 | +€2,192 | +14.2% |
| Non-recurring operating income | 76A | €3,676 | - | -€3,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,567 | €17,592 | +€10,024 | +132% |
| Other operating charges | 640/8 | €406 | €572 | +€166 | +40.8% |
| Gross operating margin | 9900 | €38,854 | €37,459 | -€1,394 | -3.6% |
| Operating profit (loss) | 9901 | €30,880 | €19,296 | -€11,584 | -37.5% |
| Financial charges | 65/66B | €2,694 | €3,616 | +€921 | +34.2% |
| Recurring financial charges | 65 | €2,694 | €3,616 | +€921 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €28,186 | €15,680 | -€12,506 | -44.4% |
| Income taxes | 67/77 | €4,791 | €3,518 | -€1,273 | -26.6% |
| Profit (loss) for the period | 9904 | €23,395 | €12,162 | -€11,232 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,395 | €12,162 | -€11,232 | -48.0% |
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 25 October 2026 via checked.be.