RSH CONCEPT: 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.
RSH CONCEPT
Largest movements
- Stocks and contracts -€148,410
no longer reported in 2025 (was €148,410)
- Tangible fixed assets -€61,313
down €61,313 (-95.7%), from €64,091 to €2,778
- Cash -€31,419
down €31,419 (-98.7%), from €31,824 to €405
mainly Other debts (-€141,594) and Trade debts (-€75,401)
- Other debts -€141,594
down €141,594 (-78.3%), from €180,811 to €39,218
- Trade debts -€75,401
no longer reported in 2025 (was €75,401)
- Current portion of long-term debt -€48,026
no longer reported in 2025 (was €48,026)
- Profit (loss) carried forward +€32,463
up €32,463 (+47.9%), from -€67,792 to -€35,329
- Tax, wage and social debts -€9,828
no longer reported in 2025 (was €9,828)
- Purchases and services -€734,970
down €734,970 (-61.5%), from €1.2m to €460,701
- Turnover -€608,531
down €608,531 (-53.9%), from €1.1m to €519,470
- Gross operating margin +€126,439
up €126,439, from -€67,670 to €58,769
- Other operating charges +€17,970
up €17,970 (+248.0%), from €7,245 to €25,216
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 | €246,275 | €3,890 | -€242,385 | -98.4% |
| Fixed assets | 21/28 | €66,041 | €2,778 | -€63,263 | -95.8% |
| Tangible fixed assets | 22/27 | €64,091 | €2,778 | -€61,313 | -95.7% |
| Furniture and vehicles | 24 | €64,091 | €2,778 | -€61,313 | -95.7% |
| Financial fixed assets | 28 | €1,950 | - | -€1,950 | |
| Current assets | 29/58 | €180,234 | €1,112 | -€179,122 | -99.4% |
| Stocks and contracts in progress | 3 | €148,410 | - | -€148,410 | |
| Stocks | 30/36 | €148,410 | - | -€148,410 | |
| Amounts receivable within one year | 40/41 | - | €707 | +€707 | |
| Other amounts receivable | 41 | - | €707 | +€707 | |
| Cash at bank and in hand | 54/58 | €31,824 | €405 | -€31,419 | -98.7% |
| Total equity and liabilities | 10/49 | €246,275 | €3,890 | -€242,385 | -98.4% |
| Equity | 10/15 | -€67,791 | -€35,328 | +€32,463 | +47.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Other | 1109/19 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,792 | -€35,329 | +€32,463 | +47.9% |
| Amounts payable | 17/49 | €314,066 | €39,218 | -€274,848 | -87.5% |
| Amounts payable within one year | 42/48 | €314,066 | €39,218 | -€274,848 | -87.5% |
| Current portion of amounts payable after more than one year | 42 | €48,026 | - | -€48,026 | |
| Trade debts | 44 | €75,401 | - | -€75,401 | |
| Suppliers | 440/4 | €75,401 | - | -€75,401 | |
| Taxes, remuneration and social security | 45 | €9,828 | - | -€9,828 | |
| Taxes | 450/3 | €9,828 | - | -€9,828 | |
| Other amounts payable | 47/48 | €180,811 | €39,218 | -€141,594 | -78.3% |
| Turnover | 70 | €1,128,001 | €519,470 | -€608,531 | -53.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,195,671 | €460,701 | -€734,970 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,246 | €873 | -€3,373 | -79.4% |
| Other operating charges | 640/8 | €7,245 | €25,216 | +€17,970 | +248.0% |
| Gross operating margin | 9900 | -€67,670 | €58,769 | +€126,439 | |
| Operating profit (loss) | 9901 | -€79,161 | €32,680 | +€111,842 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.9% |
| Financial charges | 65/66B | €212 | €138 | -€75 | -35.2% |
| Recurring financial charges | 65 | €212 | €138 | -€75 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,373 | €32,543 | +€111,916 | |
| Income taxes | 67/77 | - | €79 | +€79 | |
| Profit (loss) for the period | 9904 | -€79,373 | €32,463 | +€111,836 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,373 | €32,463 | +€111,836 |
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 11 October 2026 via checked.be.