RSPE: 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.
RSPE
Largest movements
- Receivables within one year -€28,744
down €28,744 (-76.7%), from €37,473 to €8,729
of which Trade receivables: -€31,378
- Cash -€26,021
down €26,021 (-38.6%), from €67,403 to €41,381
mainly Contributions, distributions and other (-€106,050) and Tax, wage and social debts (-€49,902)
- Profit (loss) carried forward -€107,465
down €107,465 (-20.0%), from €537,838 to €430,373
- Other debts +€102,256
up €102,256 (+519.4%), from €19,686 to €121,942
- Tax, wage and social debts -€49,902
down €49,902 (-99.9%), from €49,971 to €69
- Gross operating margin -€174,032
down €174,032 (-96.9%), from €179,609 to €5,577
- Taxes -€35,265
down €35,265 (-79.3%), from €44,498 to €9,233
- Financial charges -€11,359
down €11,359 (-97.3%), from €11,670 to €310
- Write-downs -€10,000
no longer reported in 2025 (was €10,000)
- Financial income -€6,136
down €6,136 (-62.0%), from €9,891 to €3,755
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.
Cash bridge derived
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 | €630,403 | €575,833 | -€54,570 | -8.7% |
| Fixed assets | 21/28 | €7,083 | €11,502 | +€4,419 | +62.4% |
| Tangible fixed assets | 22/27 | €7,083 | €11,502 | +€4,419 | +62.4% |
| Plant, machinery and equipment | 23 | €7,083 | €11,502 | +€4,419 | +62.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €623,320 | €564,331 | -€58,989 | -9.5% |
| Amounts receivable within one year | 40/41 | €37,473 | €8,729 | -€28,744 | -76.7% |
| Trade receivables | 40 | €32,473 | €1,095 | -€31,378 | -96.6% |
| Other amounts receivable | 41 | €5,000 | €7,634 | +€2,634 | +52.7% |
| Current investments | 50/53 | €514,796 | €513,072 | -€1,725 | -0.3% |
| Cash at bank and in hand | 54/58 | €67,403 | €41,381 | -€26,021 | -38.6% |
| Deferred charges and accrued income | 490/1 | €3,648 | €1,150 | -€2,499 | -68.5% |
| Total equity and liabilities | 10/49 | €630,403 | €575,833 | -€54,570 | -8.7% |
| Equity | 10/15 | €558,243 | €450,778 | -€107,465 | -19.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €537,838 | €430,373 | -€107,465 | -20.0% |
| Amounts payable | 17/49 | €72,160 | €125,055 | +€52,895 | +73.3% |
| Amounts payable within one year | 42/48 | €72,160 | €125,055 | +€52,895 | +73.3% |
| Trade debts | 44 | €2,503 | €3,044 | +€542 | +21.6% |
| Suppliers | 440/4 | €2,503 | €3,044 | +€542 | +21.6% |
| Taxes, remuneration and social security | 45 | €49,971 | €69 | -€49,902 | -99.9% |
| Taxes | 450/3 | €49,971 | €69 | -€49,902 | -99.9% |
| Other amounts payable | 47/48 | €19,686 | €121,942 | +€102,256 | +519.4% |
| Non-recurring operating income | 76A | - | €14,400 | +€14,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €171 | -€993 | -85.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €1,895 | €1,001 | -€894 | -47.2% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €179,609 | €5,577 | -€174,032 | -96.9% |
| Operating profit (loss) | 9901 | €166,550 | €4,373 | -€162,176 | -97.4% |
| Financial income | 75/76B | €9,891 | €3,755 | -€6,136 | -62.0% |
| Recurring financial income | 75 | €9,891 | €3,755 | -€6,136 | -62.0% |
| Financial charges | 65/66B | €11,670 | €310 | -€11,359 | -97.3% |
| Recurring financial charges | 65 | €11,670 | €310 | -€11,359 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €164,771 | €7,818 | -€156,953 | -95.3% |
| Income taxes | 67/77 | €44,498 | €9,233 | -€35,265 | -79.3% |
| Profit (loss) for the period | 9904 | €120,273 | -€1,415 | -€121,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,273 | -€1,415 | -€121,689 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.