RSN: what changed
Two fiscal 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.
RSN
Largest movements
- Tangible fixed assets -€9,903
down €9,903 (-12.4%), from €79,853 to €69,950
- Cash -€7,743
down €7,743 (-44.2%), from €17,537 to €9,794
mainly Trade debts (-€20,206) and Other debts (-€7,400)
- Receivables within one year +€4,398
up €4,398 (+49.5%), from €8,886 to €13,284
of which Trade receivables: +€2,302
- Trade debts -€20,206
down €20,206 (-54.5%), from €37,092 to €16,886
- Profit (loss) carried forward +€11,915
up €11,915 (+38.7%), from -€30,818 to -€18,903
- Other debts -€7,400
down €7,400 (-8.6%), from €85,986 to €78,586
- Tax, wage and social debts +€2,112
up €2,112 (+8.7%), from €24,173 to €26,285
of which Remuneration and social security: +€1,328
- Gross operating margin -€29,982
down €29,982 (-27.9%), from €107,517 to €77,535
- Staff costs -€14,317
down €14,317 (-22.9%), from €62,606 to €48,289
- Other operating charges -€1,279
down €1,279 (-33.9%), from €3,776 to €2,497
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,933 | €103,353 | -€13,580 | -11.6% |
| Fixed assets | 21/28 | €84,706 | €74,803 | -€9,903 | -11.7% |
| Tangible fixed assets | 22/27 | €79,853 | €69,950 | -€9,903 | -12.4% |
| Plant, machinery and equipment | 23 | €26,173 | €23,597 | -€2,576 | -9.8% |
| Furniture and vehicles | 24 | €5,928 | €3,015 | -€2,913 | -49.1% |
| Other tangible fixed assets | 26 | €47,752 | €43,338 | -€4,414 | -9.2% |
| Financial fixed assets | 28 | €4,853 | €4,853 | -€0 | 0.0% |
| Current assets | 29/58 | €32,227 | €28,550 | -€3,677 | -11.4% |
| Stocks and contracts in progress | 3 | €5,804 | €5,472 | -€332 | -5.7% |
| Stocks | 30/36 | €5,804 | €5,472 | -€332 | -5.7% |
| Amounts receivable within one year | 40/41 | €8,886 | €13,284 | +€4,398 | +49.5% |
| Trade receivables | 40 | €8,386 | €10,688 | +€2,302 | +27.4% |
| Other amounts receivable | 41 | €500 | €2,596 | +€2,096 | +419.3% |
| Cash at bank and in hand | 54/58 | €17,537 | €9,794 | -€7,743 | -44.2% |
| Total equity and liabilities | 10/49 | €116,933 | €103,353 | -€13,580 | -11.6% |
| Equity | 10/15 | -€30,318 | -€18,403 | +€11,915 | +39.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,818 | -€18,903 | +€11,915 | +38.7% |
| Amounts payable | 17/49 | €147,251 | €121,757 | -€25,494 | -17.3% |
| Amounts payable within one year | 42/48 | €147,251 | €121,757 | -€25,494 | -17.3% |
| Trade debts | 44 | €37,092 | €16,886 | -€20,206 | -54.5% |
| Suppliers | 440/4 | €37,092 | €16,886 | -€20,206 | -54.5% |
| Taxes, remuneration and social security | 45 | €24,173 | €26,285 | +€2,112 | +8.7% |
| Taxes | 450/3 | - | €784 | +€784 | |
| Remuneration and social security | 454/9 | €24,173 | €25,501 | +€1,328 | +5.5% |
| Other amounts payable | 47/48 | €85,986 | €78,586 | -€7,400 | -8.6% |
| Remuneration, social security and pensions | 62 | €62,606 | €48,289 | -€14,317 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,591 | €13,828 | -€763 | -5.2% |
| Other operating charges | 640/8 | €3,776 | €2,497 | -€1,279 | -33.9% |
| Gross operating margin | 9900 | €107,517 | €77,535 | -€29,982 | -27.9% |
| Operating profit (loss) | 9901 | €26,544 | €12,922 | -€13,622 | -51.3% |
| Financial income | 75/76B | €152 | €89 | -€63 | -41.7% |
| Recurring financial income | 75 | €152 | €89 | -€63 | -41.7% |
| Non-recurring financial income | 76B | - | €89 | +€89 | |
| Financial charges | 65/66B | €890 | €1,096 | +€206 | +23.1% |
| Recurring financial charges | 65 | €890 | €1,096 | +€206 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €25,806 | €11,915 | -€13,891 | -53.8% |
| Profit (loss) for the period | 9904 | €25,806 | €11,915 | -€13,891 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,806 | €11,915 | -€13,891 | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.