RSCO: 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.
RSCO
Largest movements
- Receivables within one year +€9,189
up €9,189 (+139%), from €6,610 to €15,799
of which Trade receivables: +€8,660
- Cash +€6,471
up €6,471 (+30.7%), from €21,067 to €27,538
mainly Other debts (+€31,085) and Net result for the year (+€23,187)
- Intangible fixed assets -€2,000
down €2,000 (-11.0%), from €18,153 to €16,153
- Tangible fixed assets -€1,370
down €1,370 (-19.2%), from €7,144 to €5,774
of which Furniture and vehicles: -€763
- Other debts +€31,085
new in 2025: €31,085
- Reserves -€17,813
down €17,813 (-50.7%), from €35,132 to €17,319
- Tax, wage and social debts -€2,461
down €2,461 (-22.4%), from €10,978 to €8,517
- Current portion of long-term debt +€2,200
new in 2025: €2,200
- Gross operating margin +€15,725
up €15,725 (+72.9%), from €21,581 to €37,305
- Financial charges +€3,626
up €3,626 (+1,661%), from €218 to €3,844
- Financial income +€430
up €430 (+303%), from €142 to €571
- Depreciation +€401
up €401 (+11.5%), from €3,470 to €3,870
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 | €53,052 | €65,500 | +€12,448 | +23.5% |
| Fixed assets | 21/28 | €25,297 | €21,927 | -€3,370 | -13.3% |
| Intangible fixed assets | 21 | €18,153 | €16,153 | -€2,000 | -11.0% |
| Tangible fixed assets | 22/27 | €7,144 | €5,774 | -€1,370 | -19.2% |
| Plant, machinery and equipment | 23 | €5,644 | €5,037 | -€607 | -10.8% |
| Furniture and vehicles | 24 | €1,500 | €737 | -€763 | -50.9% |
| Current assets | 29/58 | €27,755 | €43,573 | +€15,819 | +57.0% |
| Amounts receivable within one year | 40/41 | €6,610 | €15,799 | +€9,189 | +139% |
| Trade receivables | 40 | €5,517 | €14,176 | +€8,660 | +157% |
| Other amounts receivable | 41 | €1,093 | €1,623 | +€530 | +48.5% |
| Cash at bank and in hand | 54/58 | €21,067 | €27,538 | +€6,471 | +30.7% |
| Deferred charges and accrued income | 490/1 | €78 | €236 | +€158 | +202% |
| Total equity and liabilities | 10/49 | €53,052 | €65,500 | +€12,448 | +23.5% |
| Equity | 10/15 | €40,132 | €22,319 | -€17,813 | -44.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,132 | €17,319 | -€17,813 | -50.7% |
| Distributable reserves | 133 | €35,132 | €17,319 | -€17,813 | -50.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,920 | €43,181 | +€30,261 | +234% |
| Amounts payable within one year | 42/48 | €12,920 | €43,181 | +€30,261 | +234% |
| Current portion of amounts payable after more than one year | 42 | - | €2,200 | +€2,200 | |
| Trade debts | 44 | €1,942 | €1,379 | -€563 | -29.0% |
| Suppliers | 440/4 | €1,942 | €1,379 | -€563 | -29.0% |
| Taxes, remuneration and social security | 45 | €10,978 | €8,517 | -€2,461 | -22.4% |
| Taxes | 450/3 | €10,978 | €8,517 | -€2,461 | -22.4% |
| Other amounts payable | 47/48 | - | €31,085 | +€31,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,470 | €3,870 | +€401 | +11.5% |
| Other operating charges | 640/8 | €839 | €563 | -€276 | -32.9% |
| Gross operating margin | 9900 | €21,581 | €37,305 | +€15,725 | +72.9% |
| Operating profit (loss) | 9901 | €17,272 | €32,872 | +€15,600 | +90.3% |
| Financial income | 75/76B | €142 | €571 | +€430 | +303% |
| Recurring financial income | 75 | €142 | €571 | +€430 | +303% |
| Financial charges | 65/66B | €218 | €3,844 | +€3,626 | +1,661% |
| Recurring financial charges | 65 | €218 | €3,844 | +€3,626 | +1,661% |
| Profit (loss) for the period before taxes | 9903 | €17,195 | €29,599 | +€12,404 | +72.1% |
| Income taxes | 67/77 | €6,781 | €6,412 | -€369 | -5.4% |
| Profit (loss) for the period | 9904 | €10,415 | €23,187 | +€12,773 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €10,415 | €23,187 | +€12,773 | +123% |
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 18 October 2026 via checked.be.