RSG UNIVERSAL: 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.
RSG UNIVERSAL
Largest movements
- Tangible fixed assets +€75,528
up €75,528 (+9.8%), from €769,225 to €844,753
of which Land and buildings: +€90,534
- Receivables within one year -€43,481
down €43,481 (-75.8%), from €57,393 to €13,913
of which Trade receivables: -€29,053
- Cash +€35,986
up €35,986 (+22.7%), from €158,668 to €194,653
mainly Depreciation (+€47,266) and Net result for the year (+€45,842)
- Reserves +€45,842
up €45,842 (+7.1%), from €650,051 to €695,893
- Debts after one year +€36,323
up €36,323 (+13.4%), from €271,032 to €307,355
- Trade debts -€17,596
down €17,596 (-78.3%), from €22,478 to €4,882
- Gross operating margin -€21,709
down €21,709 (-13.3%), from €163,622 to €141,913
- Other operating charges +€16,546
up €16,546 (+302%), from €5,485 to €22,031
- Taxes -€10,752
down €10,752 (-36.9%), from €29,155 to €18,403
- Depreciation +€5,402
up €5,402 (+12.9%), from €41,864 to €47,266
- Financial income +€1,915
up €1,915 (+675%), from €284 to €2,199
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 | €992,385 | €1,057,731 | +€65,346 | +6.6% |
| Fixed assets | 21/28 | €769,225 | €844,753 | +€75,528 | +9.8% |
| Tangible fixed assets | 22/27 | €769,225 | €844,753 | +€75,528 | +9.8% |
| Land and buildings | 22 | €701,075 | €791,609 | +€90,534 | +12.9% |
| Plant, machinery and equipment | 23 | €12,580 | €8,718 | -€3,862 | -30.7% |
| Furniture and vehicles | 24 | €38,243 | €29,534 | -€8,710 | -22.8% |
| Other tangible fixed assets | 26 | €17,327 | €14,893 | -€2,434 | -14.0% |
| Current assets | 29/58 | €223,160 | €212,978 | -€10,182 | -4.6% |
| Amounts receivable within one year | 40/41 | €57,393 | €13,913 | -€43,481 | -75.8% |
| Trade receivables | 40 | €33,060 | €4,007 | -€29,053 | -87.9% |
| Other amounts receivable | 41 | €24,334 | €9,906 | -€14,428 | -59.3% |
| Cash at bank and in hand | 54/58 | €158,668 | €194,653 | +€35,986 | +22.7% |
| Deferred charges and accrued income | 490/1 | €7,099 | €4,412 | -€2,687 | -37.8% |
| Total equity and liabilities | 10/49 | €992,385 | €1,057,731 | +€65,346 | +6.6% |
| Equity | 10/15 | €662,771 | €708,613 | +€45,842 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €6,520 | €6,520 | = | 0.0% |
| Reserves | 13 | €650,051 | €695,893 | +€45,842 | +7.1% |
| Distributable reserves | 133 | €650,051 | €695,893 | +€45,842 | +7.1% |
| Amounts payable | 17/49 | €329,615 | €349,118 | +€19,504 | +5.9% |
| Amounts payable after more than one year | 17 | €271,032 | €307,355 | +€36,323 | +13.4% |
| Financial debts | 170/4 | €271,032 | €307,355 | +€36,323 | +13.4% |
| Amounts payable within one year | 42/48 | €58,583 | €41,763 | -€16,819 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €26,456 | €28,403 | +€1,947 | +7.4% |
| Trade debts | 44 | €22,478 | €4,882 | -€17,596 | -78.3% |
| Suppliers | 440/4 | €22,478 | €4,882 | -€17,596 | -78.3% |
| Taxes, remuneration and social security | 45 | €9,649 | €8,479 | -€1,170 | -12.1% |
| Taxes | 450/3 | €9,649 | €8,479 | -€1,170 | -12.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€30 | €0 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,864 | €47,266 | +€5,402 | +12.9% |
| Other operating charges | 640/8 | €5,485 | €22,031 | +€16,546 | +302% |
| Gross operating margin | 9900 | €163,622 | €141,913 | -€21,709 | -13.3% |
| Operating profit (loss) | 9901 | €116,303 | €72,616 | -€43,688 | -37.6% |
| Financial income | 75/76B | €284 | €2,199 | +€1,915 | +675% |
| Recurring financial income | 75 | €284 | €2,199 | +€1,915 | +675% |
| Financial charges | 65/66B | €9,783 | €10,569 | +€787 | +8.0% |
| Recurring financial charges | 65 | €9,783 | €10,569 | +€787 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €106,805 | €64,245 | -€42,560 | -39.8% |
| Income taxes | 67/77 | €29,155 | €18,403 | -€10,752 | -36.9% |
| Profit (loss) for the period | 9904 | €77,650 | €45,842 | -€31,808 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,650 | €45,842 | -€31,808 | -41.0% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.