RSC: 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.
RSC
Largest movements
- Tangible fixed assets -€21,512
down €21,512 (-4.7%), from €460,718 to €439,206
of which Other tangible fixed assets: -€16,379
- Cash +€15,651
up €15,651 (+2.5%), from €627,015 to €642,667
mainly Depreciation (+€21,512) and Receivables within one year (+€6,359)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€29,774
down €29,774 (-68.9%), from €43,240 to €13,466
- Taxes -€6,289
down €6,289 (-81.0%), from €7,766 to €1,477
- Financial income +€4,504
up €4,504 (+77,392%), from €6 to €4,510
- Other operating charges -€3,301
down €3,301 (-41.3%), from €7,991 to €4,690
- Financial charges -€2,586
down €2,586 (-82.1%), from €3,148 to €562
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 | €1,104,568 | €1,090,890 | -€13,678 | -1.2% |
| Fixed assets | 21/28 | €460,718 | €439,206 | -€21,512 | -4.7% |
| Tangible fixed assets | 22/27 | €460,718 | €439,206 | -€21,512 | -4.7% |
| Land and buildings | 22 | €154,113 | €149,198 | -€4,915 | -3.2% |
| Furniture and vehicles | 24 | €611 | €394 | -€217 | -35.5% |
| Other tangible fixed assets | 26 | €305,994 | €289,615 | -€16,379 | -5.4% |
| Current assets | 29/58 | €643,850 | €651,684 | +€7,834 | +1.2% |
| Amounts receivable within one year | 40/41 | €12,523 | €6,164 | -€6,359 | -50.8% |
| Trade receivables | 40 | €6,289 | €3,789 | -€2,500 | -39.8% |
| Other amounts receivable | 41 | €6,234 | €2,375 | -€3,859 | -61.9% |
| Cash at bank and in hand | 54/58 | €627,015 | €642,667 | +€15,651 | +2.5% |
| Deferred charges and accrued income | 490/1 | €4,311 | €2,853 | -€1,458 | -33.8% |
| Total equity and liabilities | 10/49 | €1,104,568 | €1,090,890 | -€13,678 | -1.2% |
| Equity | 10/15 | €1,060,287 | €1,053,096 | -€7,191 | -0.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,041,737 | €1,034,546 | -€7,191 | -0.7% |
| Tax-exempt reserves | 132 | €98,852 | €89,629 | -€9,223 | -9.3% |
| Distributable reserves | 133 | €942,885 | €944,918 | +€2,032 | +0.2% |
| Provisions and deferred taxes | 16 | €32,951 | €29,876 | -€3,074 | -9.3% |
| Deferred taxes | 168 | €32,951 | €29,876 | -€3,074 | -9.3% |
| Amounts payable | 17/49 | €11,330 | €7,918 | -€3,412 | -30.1% |
| Amounts payable after more than one year | 17 | €5,268 | €3,508 | -€1,760 | -33.4% |
| Other amounts payable | 178/9 | €5,268 | €3,508 | -€1,760 | -33.4% |
| Amounts payable within one year | 42/48 | €3,806 | €2,072 | -€1,733 | -45.5% |
| Trade debts | 44 | €1,924 | €1,015 | -€909 | -47.3% |
| Suppliers | 440/4 | €1,924 | €1,015 | -€909 | -47.3% |
| Taxes, remuneration and social security | 45 | €1,882 | €486 | -€1,396 | -74.2% |
| Taxes | 450/3 | €1,882 | €486 | -€1,396 | -74.2% |
| Other amounts payable | 47/48 | - | €571 | +€571 | |
| Accrued charges and deferred income | 492/3 | €2,256 | €2,337 | +€81 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,266 | €21,512 | +€246 | +1.2% |
| Other operating charges | 640/8 | €7,991 | €4,690 | -€3,301 | -41.3% |
| Non-recurring operating charges | 66A | €178 | - | -€178 | |
| Gross operating margin | 9900 | €43,240 | €13,466 | -€29,774 | -68.9% |
| Operating profit (loss) | 9901 | €13,805 | -€12,736 | -€26,541 | |
| Financial income | 75/76B | €6 | €4,510 | +€4,504 | +77,392% |
| Recurring financial income | 75 | €6 | €4,510 | +€4,504 | +77,392% |
| Financial charges | 65/66B | €3,148 | €562 | -€2,586 | -82.1% |
| Recurring financial charges | 65 | €3,148 | €562 | -€2,586 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €10,662 | -€8,788 | -€19,451 | |
| Transfer from deferred taxes | 780 | €3,074 | €3,074 | = | 0.0% |
| Income taxes | 67/77 | €7,766 | €1,477 | -€6,289 | -81.0% |
| Profit (loss) for the period | 9904 | €5,971 | -€7,191 | -€13,162 | |
| Transfer from tax-exempt reserves | 789 | €9,223 | €9,223 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,194 | €2,032 | -€13,162 | -86.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.