RSB: 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.
RSB
Largest movements
- Cash -€13,238
down €13,238 (-11.9%), from €110,789 to €97,551
mainly Other debts (-€16,250) and Debts after one year (-€6,010)
- Tangible fixed assets -€12,300
down €12,300 (-25.8%), from €47,683 to €35,383
- Other debts -€16,250
down €16,250 (-100.0%), from €16,250 to €0
- Debts after one year -€6,010
down €6,010 (-32.9%), from €18,275 to €12,265
- Gross operating margin -€47,609
down €47,609 (-71.7%), from €66,365 to €18,756
- Taxes -€10,812
down €10,812 (-87.3%), from €12,379 to €1,567
- Financial income +€986
up €986 (+208.0%), from €474 to €1,459
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 | €576,856 | €556,623 | -€20,232 | -3.5% |
| Fixed assets | 21/28 | €437,683 | €425,383 | -€12,300 | -2.8% |
| Tangible fixed assets | 22/27 | €47,683 | €35,383 | -€12,300 | -25.8% |
| Furniture and vehicles | 24 | €47,683 | €35,383 | -€12,300 | -25.8% |
| Financial fixed assets | 28 | €390,000 | €390,000 | = | 0.0% |
| Current assets | 29/58 | €139,173 | €131,241 | -€7,933 | -5.7% |
| Amounts receivable within one year | 40/41 | €26,992 | €30,529 | +€3,536 | +13.1% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100.0% |
| Other amounts receivable | 41 | €8,842 | €30,529 | +€21,686 | +245.3% |
| Cash at bank and in hand | 54/58 | €110,789 | €97,551 | -€13,238 | -11.9% |
| Deferred charges and accrued income | 490/1 | €1,392 | €3,161 | +€1,769 | +127.0% |
| Total equity and liabilities | 10/49 | €576,856 | €556,623 | -€20,232 | -3.5% |
| Equity | 10/15 | €528,584 | €532,950 | +€4,366 | +0.8% |
| Contributions | 10/11 | €345,000 | €345,000 | = | 0.0% |
| Capital | 10 | €345,000 | €345,000 | = | 0.0% |
| Issued capital | 100 | €345,000 | €345,000 | = | 0.0% |
| Reserves | 13 | €141,958 | €142,176 | +€218 | +0.2% |
| Non-distributable reserves | 130/1 | €26,958 | €27,176 | +€218 | +0.8% |
| Legal reserve | 130 | €26,958 | €27,176 | +€218 | +0.8% |
| Distributable reserves | 133 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,626 | €45,774 | +€4,148 | +10.0% |
| Amounts payable | 17/49 | €48,272 | €23,673 | -€24,599 | -51.0% |
| Amounts payable after more than one year | 17 | €18,275 | €12,265 | -€6,010 | -32.9% |
| Financial debts | 170/4 | €18,275 | €12,265 | -€6,010 | -32.9% |
| Amounts payable within one year | 42/48 | €29,997 | €11,409 | -€18,588 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €5,759 | €6,010 | +€252 | +4.4% |
| Trade debts | 44 | €4,761 | €2,600 | -€2,161 | -45.4% |
| Suppliers | 440/4 | €4,761 | €2,600 | -€2,161 | -45.4% |
| Taxes, remuneration and social security | 45 | €3,227 | €2,798 | -€429 | -13.3% |
| Taxes | 450/3 | €3,227 | €2,798 | -€429 | -13.3% |
| Other amounts payable | 47/48 | €16,250 | €0 | -€16,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,545 | €12,300 | -€245 | -2.0% |
| Other operating charges | 640/8 | €917 | €885 | -€32 | -3.4% |
| Gross operating margin | 9900 | €66,365 | €18,756 | -€47,609 | -71.7% |
| Operating profit (loss) | 9901 | €52,903 | €5,571 | -€47,332 | -89.5% |
| Financial income | 75/76B | €474 | €1,459 | +€986 | +208.0% |
| Recurring financial income | 75 | €474 | €1,459 | +€986 | +208.0% |
| Financial charges | 65/66B | €1,286 | €1,097 | -€189 | -14.7% |
| Recurring financial charges | 65 | €1,286 | €1,097 | -€189 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €52,091 | €5,934 | -€46,157 | -88.6% |
| Income taxes | 67/77 | €12,379 | €1,567 | -€10,812 | -87.3% |
| Profit (loss) for the period | 9904 | €39,712 | €4,366 | -€35,345 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,712 | €4,366 | -€35,345 | -89.0% |
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 12 October 2026 via checked.be.