RSL LAND: 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.
RSL LAND
Largest movements
- Stocks and contracts -€4.8m
down €4.8m (-84.2%), from €5.7m to €895,066
- Cash +€1.4m
up €1.4m (+11,894%), from €11,458 to €1.4m
mainly Stocks and contracts (+€4.8m) and Current portion of long-term debt (+€1.4m)
- Deferred charges and accrued income +€94,718
up €94,718 (+694%), from €13,653 to €108,372
- Debts after one year -€5.4m
down €5.4m (-100%), from €5.4m to €0
- Current portion of long-term debt +€1.4m
new in 2025: €1.4m
- Trade debts +€452,373
up €452,373 (+362%), from €124,822 to €577,195
- Profit (loss) carried forward +€211,915
up €211,915, from -€20,798 to €191,117
- Turnover +€5.6m
new in 2025: €5.6m
- Purchases and services -€1.6m
down €1.6m (-78.5%), from €2.1m to €443,860
- Gross operating margin +€301,631
up €301,631, from -€12,439 to €289,191
- Taxes +€67,078
new in 2025: €67,078
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 | €5,699,924 | €2,377,828 | -€3.3m | -58.3% |
| Current assets | 29/58 | €5,699,924 | €2,377,828 | -€3.3m | -58.3% |
| Stocks and contracts in progress | 3 | €5,674,693 | €895,066 | -€4.8m | -84.2% |
| Stocks | 30/36 | €5,674,693 | €895,066 | -€4.8m | -84.2% |
| Amounts receivable within one year | 40/41 | €120 | €68 | -€52 | -43.5% |
| Trade receivables | 40 | €120 | €68 | -€52 | -43.5% |
| Cash at bank and in hand | 54/58 | €11,458 | €1,374,323 | +€1.4m | +11,894% |
| Deferred charges and accrued income | 490/1 | €13,653 | €108,372 | +€94,718 | +694% |
| Total equity and liabilities | 10/49 | €5,699,924 | €2,377,828 | -€3.3m | -58.3% |
| Equity | 10/15 | €40,702 | €258,767 | +€218,065 | +536% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | -€20,798 | €191,117 | +€211,915 | |
| Amounts payable | 17/49 | €5,659,222 | €2,119,061 | -€3.5m | -62.6% |
| Amounts payable after more than one year | 17 | €5,360,000 | €0 | -€5.4m | -100% |
| Financial debts | 170/4 | €5,360,000 | €0 | -€5.4m | -100% |
| Amounts payable within one year | 42/48 | €124,822 | €1,970,273 | +€1.8m | +1,478% |
| Current portion of amounts payable after more than one year | 42 | - | €1,390,000 | +€1.4m | |
| Trade debts | 44 | €124,822 | €577,195 | +€452,373 | +362% |
| Suppliers | 440/4 | €124,822 | €577,195 | +€452,373 | +362% |
| Taxes, remuneration and social security | 45 | - | €3,078 | +€3,078 | |
| Taxes | 450/3 | - | €3,078 | +€3,078 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €174,400 | €148,788 | -€25,612 | -14.7% |
| Turnover | 70 | - | €5,631,661 | +€5.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,064,358 | €443,860 | -€1.6m | -78.5% |
| Other operating charges | 640/8 | €3,431 | €3,574 | +€144 | +4.2% |
| Gross operating margin | 9900 | -€12,439 | €289,191 | +€301,631 | |
| Operating profit (loss) | 9901 | -€15,870 | €285,617 | +€301,487 | |
| Financial income | 75/76B | €30 | €0 | -€30 | -100% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100% |
| Financial charges | 65/66B | €47 | €474 | +€427 | +904% |
| Recurring financial charges | 65 | €47 | €474 | +€427 | +904% |
| Profit (loss) for the period before taxes | 9903 | -€15,887 | €285,143 | +€301,030 | |
| Income taxes | 67/77 | - | €67,078 | +€67,078 | |
| Profit (loss) for the period | 9904 | -€15,887 | €218,065 | +€233,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,887 | €218,065 | +€233,952 |
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 29 October 2026 via checked.be.