RSG WERKEN: 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 WERKEN
Largest movements
- Receivables within one year -€50,085
down €50,085 (-45.9%), from €109,165 to €59,080
of which Trade receivables: -€45,718
- Tangible fixed assets +€30,749
up €30,749 (+619%), from €4,971 to €35,721
of which Leasing and similar rights: +€32,437
- Cash -€11,991
down €11,991 (-94.0%), from €12,758 to €767
mainly Trade debts (-€41,169) and Investment in fixed assets (net) (-€37,092)
- Stocks and contracts -€7,000
down €7,000 (-58.3%), from €12,000 to €5,000
- Deferred charges and accrued income +€3,275
up €3,275 (+17.7%), from €18,523 to €21,798
- Trade debts -€41,169
down €41,169 (-46.2%), from €89,165 to €47,996
- Other debts -€25,451
down €25,451 (-100%), from €25,451 to €0
- Debts after one year +€20,261
up €20,261 (+434%), from €4,672 to €24,933
- Current portion of long-term debt +€4,998
up €4,998 (+83.2%), from €6,010 to €11,007
- Short-term financial debts +€2,392
up €2,392 (+106%), from €2,248 to €4,640
- Gross operating margin +€73,691
up €73,691, from -€48,076 to €25,615
- Financial charges +€4,659
up €4,659 (+65.6%), from €7,106 to €11,766
- Depreciation +€3,713
up €3,713 (+102%), from €3,630 to €7,342
- Other operating charges +€2,122
up €2,122 (+102%), from €2,084 to €4,206
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 | €159,917 | €123,865 | -€36,052 | -22.5% |
| Fixed assets | 21/28 | €7,471 | €37,221 | +€29,749 | +398% |
| Tangible fixed assets | 22/27 | €4,971 | €35,721 | +€30,749 | +619% |
| Plant, machinery and equipment | 23 | €976 | €725 | -€251 | -25.7% |
| Furniture and vehicles | 24 | €3,996 | €2,558 | -€1,437 | -36.0% |
| Leasing and similar rights | 25 | - | €32,437 | +€32,437 | |
| Financial fixed assets | 28 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Current assets | 29/58 | €152,446 | €86,644 | -€65,802 | -43.2% |
| Stocks and contracts in progress | 3 | €12,000 | €5,000 | -€7,000 | -58.3% |
| Stocks | 30/36 | €12,000 | €5,000 | -€7,000 | -58.3% |
| Amounts receivable within one year | 40/41 | €109,165 | €59,080 | -€50,085 | -45.9% |
| Trade receivables | 40 | €83,725 | €38,007 | -€45,718 | -54.6% |
| Other amounts receivable | 41 | €25,440 | €21,073 | -€4,368 | -17.2% |
| Cash at bank and in hand | 54/58 | €12,758 | €767 | -€11,991 | -94.0% |
| Deferred charges and accrued income | 490/1 | €18,523 | €21,798 | +€3,275 | +17.7% |
| Total equity and liabilities | 10/49 | €159,917 | €123,865 | -€36,052 | -22.5% |
| Equity | 10/15 | €31,321 | €33,427 | +€2,106 | +6.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,321 | €28,427 | +€2,106 | +8.0% |
| Distributable reserves | 133 | €26,321 | €28,427 | +€2,106 | +8.0% |
| Amounts payable | 17/49 | €128,597 | €90,438 | -€38,159 | -29.7% |
| Amounts payable after more than one year | 17 | €4,672 | €24,933 | +€20,261 | +434% |
| Financial debts | 170/4 | €4,672 | €24,933 | +€20,261 | +434% |
| Amounts payable within one year | 42/48 | €123,925 | €65,505 | -€58,420 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €6,010 | €11,007 | +€4,998 | +83.2% |
| Financial debts | 43 | €2,248 | €4,640 | +€2,392 | +106% |
| Credit institutions | 430/8 | €2,248 | €4,640 | +€2,392 | +106% |
| Trade debts | 44 | €89,165 | €47,996 | -€41,169 | -46.2% |
| Suppliers | 440/4 | €89,165 | €47,996 | -€41,169 | -46.2% |
| Taxes, remuneration and social security | 45 | €1,051 | €1,862 | +€811 | +77.1% |
| Taxes | 450/3 | €1,051 | €1,862 | +€811 | +77.1% |
| Other amounts payable | 47/48 | €25,451 | €0 | -€25,451 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €7,342 | +€3,713 | +102% |
| Other operating charges | 640/8 | €2,084 | €4,206 | +€2,122 | +102% |
| Gross operating margin | 9900 | -€48,076 | €25,615 | +€73,691 | |
| Operating profit (loss) | 9901 | -€53,791 | €14,066 | +€67,857 | |
| Financial income | 75/76B | €75 | €56 | -€18 | -24.7% |
| Recurring financial income | 75 | €75 | €56 | -€18 | -24.7% |
| Financial charges | 65/66B | €7,106 | €11,766 | +€4,659 | +65.6% |
| Recurring financial charges | 65 | €7,106 | €11,766 | +€4,659 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,822 | €2,356 | +€63,179 | |
| Income taxes | 67/77 | €273 | €250 | -€23 | -8.4% |
| Profit (loss) for the period | 9904 | -€61,095 | €2,106 | +€63,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,095 | €2,106 | +€63,202 |
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 29 October 2026 via checked.be.