RSK FENSTER: 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.
RSK FENSTER
Largest movements
- Stocks and contracts +€23,339
up €23,339 (+93.7%), from €24,900 to €48,239
of which Stocks: +€16,832
- Financial fixed assets +€5,000
new in 2025: €5,000
- Cash -€3,954
no longer reported in 2025 (was €3,954)
mainly Stocks and contracts (-€23,339) and Investment in fixed assets (net) (-€6,574)
- Receivables within one year -€2,595
down €2,595 (-17.5%), from €14,805 to €12,210
of which Trade receivables: -€3,268
- Tangible fixed assets -€903
down €903 (-45.2%), from €1,996 to €1,093
of which Leasing and similar rights: -€1,996
- Short-term financial debts +€23,799
new in 2025: €23,799
- Tax, wage and social debts +€6,595
up €6,595 (+66.9%), from €9,857 to €16,452
of which Taxes: +€6,400
- Trade debts -€5,642
down €5,642 (-74.5%), from €7,576 to €1,934
- Other debts -€4,051
down €4,051 (-62.1%), from €6,525 to €2,474
- Profit (loss) carried forward +€3,234
up €3,234 (+20.5%), from €15,768 to €19,002
- Gross operating margin -€11,674
down €11,674 (-49.4%), from €23,616 to €11,942
- Staff costs +€3,828
up €3,828 (+3,933%), from €97 to €3,925
- Depreciation -€3,572
down €3,572 (-56.0%), from €6,382 to €2,809
- Taxes -€2,406
down €2,406 (-75.4%), from €3,190 to €784
- Financial income -€1,289
down €1,289 (-47.4%), from €2,720 to €1,430
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 | €47,405 | €68,661 | +€21,256 | +44.8% |
| Fixed assets | 21/28 | €2,328 | €6,093 | +€3,765 | +162% |
| Intangible fixed assets | 21 | €332 | - | -€332 | |
| Tangible fixed assets | 22/27 | €1,996 | €1,093 | -€903 | -45.2% |
| Furniture and vehicles | 24 | - | €1,093 | +€1,093 | |
| Leasing and similar rights | 25 | €1,996 | - | -€1,996 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €45,077 | €62,568 | +€17,491 | +38.8% |
| Stocks and contracts in progress | 3 | €24,900 | €48,239 | +€23,339 | +93.7% |
| Stocks | 30/36 | €1,000 | €17,832 | +€16,832 | +1,683% |
| Contracts in progress | 37 | €23,900 | €30,407 | +€6,507 | +27.2% |
| Amounts receivable within one year | 40/41 | €14,805 | €12,210 | -€2,595 | -17.5% |
| Trade receivables | 40 | €12,163 | €8,895 | -€3,268 | -26.9% |
| Other amounts receivable | 41 | €2,641 | €3,314 | +€673 | +25.5% |
| Cash at bank and in hand | 54/58 | €3,954 | - | -€3,954 | |
| Deferred charges and accrued income | 490/1 | €1,418 | €2,119 | +€700 | +49.4% |
| Total equity and liabilities | 10/49 | €47,405 | €68,661 | +€21,256 | +44.8% |
| Equity | 10/15 | €20,768 | €24,002 | +€3,234 | +15.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,768 | €19,002 | +€3,234 | +20.5% |
| Amounts payable | 17/49 | €26,638 | €44,659 | +€18,022 | +67.7% |
| Amounts payable within one year | 42/48 | €26,638 | €44,659 | +€18,022 | +67.7% |
| Financial debts | 43 | - | €23,799 | +€23,799 | |
| Credit institutions | 430/8 | - | €23,799 | +€23,799 | |
| Trade debts | 44 | €7,576 | €1,934 | -€5,642 | -74.5% |
| Suppliers | 440/4 | €7,576 | €1,934 | -€5,642 | -74.5% |
| Advances received on contracts in progress | 46 | €2,679 | - | -€2,679 | |
| Taxes, remuneration and social security | 45 | €9,857 | €16,452 | +€6,595 | +66.9% |
| Taxes | 450/3 | €9,857 | €16,257 | +€6,400 | +64.9% |
| Remuneration and social security | 454/9 | - | €194 | +€194 | |
| Other amounts payable | 47/48 | €6,525 | €2,474 | -€4,051 | -62.1% |
| Remuneration, social security and pensions | 62 | €97 | €3,925 | +€3,828 | +3,933% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,382 | €2,809 | -€3,572 | -56.0% |
| Other operating charges | 640/8 | €304 | €990 | +€686 | +225% |
| Gross operating margin | 9900 | €23,616 | €11,942 | -€11,674 | -49.4% |
| Operating profit (loss) | 9901 | €16,833 | €4,217 | -€12,616 | -75.0% |
| Financial income | 75/76B | €2,720 | €1,430 | -€1,289 | -47.4% |
| Recurring financial income | 75 | €2,720 | €1,430 | -€1,289 | -47.4% |
| Financial charges | 65/66B | €813 | €1,628 | +€815 | +100% |
| Recurring financial charges | 65 | €813 | €1,628 | +€815 | +100% |
| Profit (loss) for the period before taxes | 9903 | €18,739 | €4,018 | -€14,721 | -78.6% |
| Income taxes | 67/77 | €3,190 | €784 | -€2,406 | -75.4% |
| Profit (loss) for the period | 9904 | €15,549 | €3,234 | -€12,315 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,549 | €3,234 | -€12,315 | -79.2% |
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 31 October 2026 via checked.be.