RSA: 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.
RSA
Largest movements
- Tangible fixed assets -€2,432
down €2,432 (-34.3%), from €7,082 to €4,650
- Receivables within one year -€1,148
no longer reported in 2025 (was €1,148)
- Cash -€628
down €628 (-99.3%), from €633 to €5
mainly Net result for the year (-€3,364) and Trade debts (-€1,096)
- Profit (loss) carried forward -€3,364
down €3,364 (-62.2%), from €5,411 to €2,047
- Trade debts -€1,096
down €1,096 (-32.7%), from €3,352 to €2,256
- Other debts +€252
new in 2025: €252
- Gross operating margin +€2,040
up €2,040, from -€1,404 to €636
- Taxes -€928
down €928 (-41.9%), from €2,213 to €1,285
- Other operating charges -€810
no longer reported in 2025 (was €810)
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.
Cash bridge derived
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 | €8,863 | €4,654 | -€4,209 | -47.5% |
| Fixed assets | 21/28 | €7,082 | €4,650 | -€2,432 | -34.3% |
| Tangible fixed assets | 22/27 | €7,082 | €4,650 | -€2,432 | -34.3% |
| Furniture and vehicles | 24 | €7,082 | €4,650 | -€2,432 | -34.3% |
| Current assets | 29/58 | €1,781 | €5 | -€1,776 | -99.7% |
| Amounts receivable within one year | 40/41 | €1,148 | - | -€1,148 | |
| Other amounts receivable | 41 | €1,148 | - | -€1,148 | |
| Cash at bank and in hand | 54/58 | €633 | €5 | -€628 | -99.3% |
| Total equity and liabilities | 10/49 | €8,863 | €4,654 | -€4,209 | -47.5% |
| Equity | 10/15 | €5,511 | €2,147 | -€3,364 | -61.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,411 | €2,047 | -€3,364 | -62.2% |
| Amounts payable | 17/49 | €3,352 | €2,508 | -€845 | -25.2% |
| Amounts payable within one year | 42/48 | €3,352 | €2,508 | -€845 | -25.2% |
| Trade debts | 44 | €3,352 | €2,256 | -€1,096 | -32.7% |
| Suppliers | 440/4 | €3,352 | €2,256 | -€1,096 | -32.7% |
| Other amounts payable | 47/48 | - | €252 | +€252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €2,432 | = | 0.0% |
| Other operating charges | 640/8 | €810 | - | -€810 | |
| Gross operating margin | 9900 | -€1,404 | €636 | +€2,040 | |
| Operating profit (loss) | 9901 | -€4,646 | -€1,797 | +€2,850 | +61.3% |
| Financial charges | 65/66B | €290 | €283 | -€7 | -2.3% |
| Recurring financial charges | 65 | €290 | €283 | -€7 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,936 | -€2,079 | +€2,856 | +57.9% |
| Income taxes | 67/77 | €2,213 | €1,285 | -€928 | -41.9% |
| Profit (loss) for the period | 9904 | -€7,149 | -€3,364 | +€3,785 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,149 | -€3,364 | +€3,785 | +52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.