RSB GROUP: 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 GROUP
Largest movements
- Cash +€134,224
up €134,224 (+203.3%), from €66,008 to €200,232
mainly Accrued charges and deferred income (+€182,260) and Net result for the year (+€78,751)
- Tangible fixed assets +€88,782
up €88,782 (+25.2%), from €352,849 to €441,631
of which Furniture and vehicles: +€78,740
- Receivables within one year +€39,461
up €39,461 (+47.6%), from €82,889 to €122,350
of which Trade receivables: +€51,357
- Accrued charges and deferred income +€182,260
up €182,260 (+3595.3%), from €5,069 to €187,329
- Reserves +€78,751
up €78,751 (+21.7%), from €362,741 to €441,492
- Tax, wage and social debts +€18,625
up €18,625 (+615.6%), from €3,026 to €21,650
- Other debts -€16,253
down €16,253 (-31.3%), from €51,888 to €35,635
- Financial charges -€51,983
down €51,983 (-93.7%), from €55,450 to €3,467
of which Non-recurring financial charges: -€50,000
- Gross operating margin +€34,302
up €34,302 (+26.7%), from €128,496 to €162,798
- Taxes +€27,144
up €27,144 (+201.7%), from €13,458 to €40,603
- Depreciation +€11,941
up €11,941 (+47.2%), from €25,289 to €37,230
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 | €515,355 | €778,462 | +€263,107 | +51.1% |
| Fixed assets | 21/28 | €364,099 | €452,881 | +€88,782 | +24.4% |
| Tangible fixed assets | 22/27 | €352,849 | €441,631 | +€88,782 | +25.2% |
| Land and buildings | 22 | €341,562 | €349,398 | +€7,837 | +2.3% |
| Plant, machinery and equipment | 23 | €2,708 | €4,914 | +€2,206 | +81.4% |
| Furniture and vehicles | 24 | €8,578 | €87,318 | +€78,740 | +917.9% |
| Financial fixed assets | 28 | €11,250 | €11,250 | = | 0.0% |
| Current assets | 29/58 | €151,256 | €325,581 | +€174,325 | +115.3% |
| Amounts receivable within one year | 40/41 | €82,889 | €122,350 | +€39,461 | +47.6% |
| Trade receivables | 40 | €743 | €52,100 | +€51,357 | +6910.5% |
| Other amounts receivable | 41 | €82,146 | €70,250 | -€11,896 | -14.5% |
| Cash at bank and in hand | 54/58 | €66,008 | €200,232 | +€134,224 | +203.3% |
| Deferred charges and accrued income | 490/1 | €2,359 | €3,000 | +€640 | +27.1% |
| Total equity and liabilities | 10/49 | €515,355 | €778,462 | +€263,107 | +51.1% |
| Equity | 10/15 | €453,713 | €532,464 | +€78,751 | +17.4% |
| Contributions | 10/11 | €78,550 | €78,550 | = | 0.0% |
| Reserves | 13 | €362,741 | €441,492 | +€78,751 | +21.7% |
| Distributable reserves | 133 | €362,741 | €441,492 | +€78,751 | +21.7% |
| Profit (loss) carried forward | 14 | €12,422 | €12,422 | = | 0.0% |
| Amounts payable | 17/49 | €61,642 | €245,998 | +€184,356 | +299.1% |
| Amounts payable within one year | 42/48 | €56,572 | €58,669 | +€2,097 | +3.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,659 | €1,384 | -€275 | -16.6% |
| Suppliers | 440/4 | €1,659 | €1,384 | -€275 | -16.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,026 | €21,650 | +€18,625 | +615.6% |
| Taxes | 450/3 | €3,026 | €21,650 | +€18,625 | +615.6% |
| Other amounts payable | 47/48 | €51,888 | €35,635 | -€16,253 | -31.3% |
| Accrued charges and deferred income | 492/3 | €5,069 | €187,329 | +€182,260 | +3595.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,289 | €37,230 | +€11,941 | +47.2% |
| Other operating charges | 640/8 | €2,184 | €2,603 | +€419 | +19.2% |
| Non-recurring operating charges | 66A | €12,550 | €1,009 | -€11,541 | -92.0% |
| Gross operating margin | 9900 | €128,496 | €162,798 | +€34,302 | +26.7% |
| Operating profit (loss) | 9901 | €88,473 | €121,957 | +€33,483 | +37.8% |
| Financial income | 75/76B | €1,142 | €864 | -€278 | -24.4% |
| Recurring financial income | 75 | €1,142 | €864 | -€278 | -24.4% |
| Financial charges | 65/66B | €55,450 | €3,467 | -€51,983 | -93.7% |
| Recurring financial charges | 65 | €5,450 | €3,467 | -€1,983 | -36.4% |
| Non-recurring financial charges | 66B | €50,000 | €0 | -€50,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €34,165 | €119,353 | +€85,188 | +249.3% |
| Income taxes | 67/77 | €13,458 | €40,603 | +€27,144 | +201.7% |
| Profit (loss) for the period | 9904 | €20,707 | €78,751 | +€58,044 | +280.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,707 | €78,751 | +€58,044 | +280.3% |
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 10 October 2026 via checked.be.