RSLP: what changed
RSLP
Largest movements
- Deferred charges and accrued income +€227,152
up €227,152 (+611%), from €37,185 to €264,337
- Cash -€108,463
down €108,463 (-19.3%), from €560,969 to €452,506
mainly Deferred charges and accrued income (-€227,152) and Investment in fixed assets (net) (-€46,000)
- Receivables within one year +€42,613
up €42,613 (+42.3%), from €100,704 to €143,317
of which Trade receivables: +€69,216
- Tangible fixed assets +€38,188
up €38,188 (+813%), from €4,700 to €42,887
of which Furniture and vehicles: +€40,000
- Accrued charges and deferred income +€203,314
up €203,314 (+7,529%), from €2,701 to €206,014
- Trade debts +€40,788
up €40,788 (+62.7%), from €65,030 to €105,818
- Other debts -€32,453
down €32,453 (-88.8%), from €36,541 to €4,087
- Reserves +€11,872
up €11,872 (+1.8%), from €658,164 to €670,036
- Gross operating margin -€138,130
down €138,130 (-84.0%), from €164,483 to €26,353
- Taxes -€43,999
down €43,999 (-85.1%), from €51,717 to €7,719
- Financial charges -€2,023
down €2,023 (-60.1%), from €3,367 to €1,345
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €818,558 | €1,023,433 | +€204,875 | +25.0% |
| Fixed assets | 21/28 | €4,700 | €48,273 | +€43,573 | +927% |
| Intangible fixed assets | 21 | - | €5,385 | +€5,385 | |
| Tangible fixed assets | 22/27 | €4,700 | €42,887 | +€38,188 | +813% |
| Plant, machinery and equipment | 23 | €4,700 | €2,887 | -€1,812 | -38.6% |
| Furniture and vehicles | 24 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €813,858 | €975,160 | +€161,302 | +19.8% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Trade receivables | 290 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,704 | €143,317 | +€42,613 | +42.3% |
| Trade receivables | 40 | €15,145 | €84,361 | +€69,216 | +457% |
| Other amounts receivable | 41 | €85,559 | €58,956 | -€26,603 | -31.1% |
| Cash at bank and in hand | 54/58 | €560,969 | €452,506 | -€108,463 | -19.3% |
| Deferred charges and accrued income | 490/1 | €37,185 | €264,337 | +€227,152 | +611% |
| Total equity and liabilities | 10/49 | €818,558 | €1,023,433 | +€204,875 | +25.0% |
| Equity | 10/15 | €676,714 | €688,586 | +€11,872 | +1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €658,164 | €670,036 | +€11,872 | +1.8% |
| Distributable reserves | 133 | €658,164 | €670,036 | +€11,872 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €141,844 | €334,847 | +€193,003 | +136% |
| Amounts payable within one year | 42/48 | €139,144 | €128,833 | -€10,311 | -7.4% |
| Financial debts | 43 | €10,231 | €3,459 | -€6,772 | -66.2% |
| Credit institutions | 430/8 | €10,231 | €3,459 | -€6,772 | -66.2% |
| Trade debts | 44 | €65,030 | €105,818 | +€40,788 | +62.7% |
| Suppliers | 440/4 | €65,030 | €105,818 | +€40,788 | +62.7% |
| Advances received on contracts in progress | 46 | €6,305 | €0 | -€6,305 | -100% |
| Taxes, remuneration and social security | 45 | €21,037 | €15,468 | -€5,569 | -26.5% |
| Taxes | 450/3 | €20,537 | €14,968 | -€5,569 | -27.1% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €36,541 | €4,087 | -€32,453 | -88.8% |
| Accrued charges and deferred income | 492/3 | €2,701 | €206,014 | +€203,314 | +7,529% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €2,427 | +€216 | +9.8% |
| Other operating charges | 640/8 | €8,836 | €8,371 | -€464 | -5.3% |
| Non-recurring operating charges | 66A | €947 | €0 | -€947 | -100% |
| Gross operating margin | 9900 | €164,483 | €26,353 | -€138,130 | -84.0% |
| Operating profit (loss) | 9901 | €152,488 | €15,555 | -€136,934 | -89.8% |
| Financial income | 75/76B | €5,531 | €5,381 | -€150 | -2.7% |
| Recurring financial income | 75 | €5,531 | €5,381 | -€150 | -2.7% |
| Financial charges | 65/66B | €3,367 | €1,345 | -€2,023 | -60.1% |
| Recurring financial charges | 65 | €3,367 | €1,345 | -€2,023 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €154,652 | €19,591 | -€135,061 | -87.3% |
| Income taxes | 67/77 | €51,717 | €7,719 | -€43,999 | -85.1% |
| Profit (loss) for the period | 9904 | €102,935 | €11,872 | -€91,063 | -88.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €102,935 | €11,872 | -€91,063 | -88.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.