RSOC: what changed
RSOC
Largest movements
- Cash -€64,594
down €64,594 (-46.8%), from €138,124 to €73,530
mainly Investment in fixed assets (net) (-€40,247) and Trade debts (-€30,897)
- Tangible fixed assets +€24,743
up €24,743 (+59.1%), from €41,898 to €66,641
- Trade debts -€30,897
down €30,897 (-48.4%), from €63,847 to €32,951
- Reserves +€15,840
up €15,840 (+21.5%), from €73,660 to €89,500
of which Distributable reserves: +€15,840
- Other debts -€10,346
no longer reported in 2025 (was €10,346)
- Debts after one year -€8,929
down €8,929 (-30.3%), from €29,503 to €20,574
- Tax, wage and social debts -€5,163
down €5,163 (-10.0%), from €51,860 to €46,697
- Gross operating margin -€51,356
down €51,356 (-54.8%), from €93,667 to €42,312
- Taxes -€19,307
down €19,307 (-69.4%), from €27,817 to €8,510
- Depreciation +€6,211
up €6,211 (+66.8%), from €9,293 to €15,505
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 | €256,406 | €217,251 | -€39,155 | -15.3% |
| Fixed assets | 21/28 | €41,898 | €66,641 | +€24,743 | +59.1% |
| Tangible fixed assets | 22/27 | €41,898 | €66,641 | +€24,743 | +59.1% |
| Furniture and vehicles | 24 | €41,898 | €66,641 | +€24,743 | +59.1% |
| Current assets | 29/58 | €214,507 | €150,610 | -€63,897 | -29.8% |
| Amounts receivable within one year | 40/41 | €76,384 | €77,081 | +€697 | +0.9% |
| Trade receivables | 40 | €33,884 | €37,694 | +€3,810 | +11.2% |
| Other amounts receivable | 41 | €42,500 | €39,386 | -€3,114 | -7.3% |
| Cash at bank and in hand | 54/58 | €138,124 | €73,530 | -€64,594 | -46.8% |
| Total equity and liabilities | 10/49 | €256,406 | €217,251 | -€39,155 | -15.3% |
| Equity | 10/15 | €92,260 | €108,100 | +€15,840 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,660 | €89,500 | +€15,840 | +21.5% |
| Non-distributable reserves | 130/1 | €807 | €807 | = | 0.0% |
| Reserves not available under the articles | 1311 | €807 | €807 | = | 0.0% |
| Distributable reserves | 133 | €72,853 | €88,693 | +€15,840 | +21.7% |
| Amounts payable | 17/49 | €164,145 | €109,151 | -€54,995 | -33.5% |
| Amounts payable after more than one year | 17 | €29,503 | €20,574 | -€8,929 | -30.3% |
| Financial debts | 170/4 | €29,503 | €20,574 | -€8,929 | -30.3% |
| Amounts payable within one year | 42/48 | €134,643 | €88,577 | -€46,066 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €8,589 | €8,929 | +€339 | +3.9% |
| Trade debts | 44 | €63,847 | €32,951 | -€30,897 | -48.4% |
| Suppliers | 440/4 | €63,847 | €32,951 | -€30,897 | -48.4% |
| Taxes, remuneration and social security | 45 | €51,860 | €46,697 | -€5,163 | -10.0% |
| Taxes | 450/3 | €51,860 | €46,697 | -€5,163 | -10.0% |
| Other amounts payable | 47/48 | €10,346 | - | -€10,346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,293 | €15,505 | +€6,211 | +66.8% |
| Other operating charges | 640/8 | €1,263 | €1,041 | -€222 | -17.6% |
| Gross operating margin | 9900 | €93,667 | €42,312 | -€51,356 | -54.8% |
| Operating profit (loss) | 9901 | €83,111 | €25,766 | -€57,345 | -69.0% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €1,441 | €1,434 | -€7 | -0.5% |
| Recurring financial charges | 65 | €1,441 | €1,434 | -€7 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €81,670 | €24,350 | -€57,320 | -70.2% |
| Income taxes | 67/77 | €27,817 | €8,510 | -€19,307 | -69.4% |
| Profit (loss) for the period | 9904 | €53,853 | €15,840 | -€38,013 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,853 | €15,840 | -€38,013 | -70.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.