RSO-RESEARCH: 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.
RSO-RESEARCH
Largest movements
- Cash -€7,103
down €7,103 (-32.4%), from €21,957 to €14,854
mainly Net result for the year (-€10,214) and Tax, wage and social debts (-€2,832)
- Tangible fixed assets -€1,244
down €1,244 (-53.8%), from €2,310 to €1,067
- Profit (loss) carried forward -€10,214
down €10,214 (-92.0%), from €11,107 to €893
- Trade debts +€3,755
up €3,755 (+380%), from €989 to €4,745
- Tax, wage and social debts -€2,832
down €2,832 (-85.8%), from €3,302 to €470
- Other debts +€944
up €944 (+102%), from €928 to €1,872
- Staff costs -€3,838
no longer reported in 2024 (was €3,838)
- Gross operating margin -€3,753
down €3,753 (-89.3%), from -€4,200 to -€7,953
- Financial charges +€606
up €606 (+1,120%), from €54 to €660
- Other operating charges -€374
down €374 (-51.1%), from €732 to €358
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.
Derived cash bridge
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 | €24,267 | €15,921 | -€8,347 | -34.4% |
| Fixed assets | 21/28 | €2,310 | €1,067 | -€1,244 | -53.8% |
| Tangible fixed assets | 22/27 | €2,310 | €1,067 | -€1,244 | -53.8% |
| Furniture and vehicles | 24 | €2,310 | €1,067 | -€1,244 | -53.8% |
| Current assets | 29/58 | €21,957 | €14,854 | -€7,103 | -32.4% |
| Cash at bank and in hand | 54/58 | €21,957 | €14,854 | -€7,103 | -32.4% |
| Total equity and liabilities | 10/49 | €24,267 | €15,921 | -€8,347 | -34.4% |
| Equity | 10/15 | €19,048 | €8,835 | -€10,214 | -53.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,741 | €1,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,741 | €1,741 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,741 | €1,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,107 | €893 | -€10,214 | -92.0% |
| Amounts payable | 17/49 | €5,219 | €7,086 | +€1,867 | +35.8% |
| Amounts payable within one year | 42/48 | €5,219 | €7,086 | +€1,867 | +35.8% |
| Trade debts | 44 | €989 | €4,745 | +€3,755 | +380% |
| Suppliers | 440/4 | €989 | €4,745 | +€3,755 | +380% |
| Taxes, remuneration and social security | 45 | €3,302 | €470 | -€2,832 | -85.8% |
| Taxes | 450/3 | €3,302 | €470 | -€2,832 | -85.8% |
| Other amounts payable | 47/48 | €928 | €1,872 | +€944 | +102% |
| Remuneration, social security and pensions | 62 | €3,838 | - | -€3,838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €1,244 | +€65 | +5.6% |
| Other operating charges | 640/8 | €732 | €358 | -€374 | -51.1% |
| Gross operating margin | 9900 | -€4,200 | -€7,953 | -€3,753 | -89.3% |
| Operating profit (loss) | 9901 | -€9,948 | -€9,554 | +€394 | +4.0% |
| Financial charges | 65/66B | €54 | €660 | +€606 | +1,120% |
| Recurring financial charges | 65 | €54 | €660 | +€606 | +1,120% |
| Profit (loss) for the period before taxes | 9903 | -€10,002 | -€10,214 | -€211 | -2.1% |
| Profit (loss) for the period | 9904 | -€10,002 | -€10,214 | -€211 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,002 | -€10,214 | -€211 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.