RSQ TEAM: 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.
RSQ TEAM
Largest movements
- Cash -€20,606
down €20,606 (-73.5%), from €28,044 to €7,438
mainly Receivables within one year (-€19,066) and Tax, wage and social debts (-€12,122)
- Receivables within one year +€19,066
up €19,066 (+147%), from €12,967 to €32,033
of which Other amounts receivable: +€20,000
- Deferred charges and accrued income -€3,034
no longer reported in 2025 (was €3,034)
- Tax, wage and social debts -€12,122
down €12,122 (-64.7%), from €18,745 to €6,624
of which Remuneration and social security: -€11,078
- Profit (loss) carried forward +€6,878
up €6,878 (+29.5%), from €23,311 to €30,188
- Gross operating margin -€32,552
down €32,552 (-36.7%), from €88,756 to €56,204
- Staff costs -€28,241
down €28,241 (-38.3%), from €73,718 to €45,477
- Taxes +€1,650
new in 2025: €1,650
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.
Derived cash bridge
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 | €47,830 | €43,049 | -€4,782 | -10.0% |
| Formation expenses | 20 | €653 | €373 | -€280 | -42.9% |
| Fixed assets | 21/28 | €3,132 | €3,204 | +€72 | +2.3% |
| Tangible fixed assets | 22/27 | €3,132 | €3,204 | +€72 | +2.3% |
| Furniture and vehicles | 24 | €3,132 | €3,204 | +€72 | +2.3% |
| Current assets | 29/58 | €44,045 | €39,472 | -€4,574 | -10.4% |
| Amounts receivable within one year | 40/41 | €12,967 | €32,033 | +€19,066 | +147% |
| Trade receivables | 40 | €12,847 | €11,913 | -€934 | -7.3% |
| Other amounts receivable | 41 | €120 | €20,120 | +€20,000 | +16,667% |
| Cash at bank and in hand | 54/58 | €28,044 | €7,438 | -€20,606 | -73.5% |
| Deferred charges and accrued income | 490/1 | €3,034 | - | -€3,034 | |
| Total equity and liabilities | 10/49 | €47,830 | €43,049 | -€4,782 | -10.0% |
| Equity | 10/15 | €28,311 | €35,188 | +€6,878 | +24.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,311 | €30,188 | +€6,878 | +29.5% |
| Amounts payable | 17/49 | €19,520 | €7,860 | -€11,659 | -59.7% |
| Amounts payable within one year | 42/48 | €19,520 | €7,860 | -€11,659 | -59.7% |
| Trade debts | 44 | €774 | €1,237 | +€462 | +59.7% |
| Suppliers | 440/4 | €774 | €1,237 | +€462 | +59.7% |
| Taxes, remuneration and social security | 45 | €18,745 | €6,624 | -€12,122 | -64.7% |
| Taxes | 450/3 | €3,484 | €2,440 | -€1,044 | -30.0% |
| Remuneration and social security | 454/9 | €15,262 | €4,184 | -€11,078 | -72.6% |
| Remuneration, social security and pensions | 62 | €73,718 | €45,477 | -€28,241 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €1,619 | +€431 | +36.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €88,756 | €56,204 | -€32,552 | -36.7% |
| Operating profit (loss) | 9901 | €13,462 | €8,708 | -€4,755 | -35.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €180 | €181 | +€1 | +0.3% |
| Recurring financial charges | 65 | €180 | €181 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €13,282 | €8,528 | -€4,754 | -35.8% |
| Income taxes | 67/77 | - | €1,650 | +€1,650 | |
| Profit (loss) for the period | 9904 | €13,282 | €6,878 | -€6,404 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,282 | €6,878 | -€6,404 | -48.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.