RSR-Baute: 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.
RSR-Baute
Largest movements
- Current investments +€77,386
up €77,386 (+147%), from €52,563 to €129,949
- Cash -€65,659
down €65,659 (-57.3%), from €114,558 to €48,899
mainly Contributions, distributions and other (-€181,024) and Current investments (-€77,386)
- Tangible fixed assets +€12,760
up €12,760 (+271%), from €4,714 to €17,474
of which Furniture and vehicles: +€8,929
- Deferred charges and accrued income -€11,548
down €11,548 (-93.4%), from €12,364 to €816
- Other debts +€185,636
up €185,636 (+3,576%), from €5,191 to €190,828
- Reserves -€166,922
down €166,922 (-100%), from €166,922 to €0
- Trade debts -€3,440
down €3,440 (-99.9%), from €3,443 to €2
- Gross operating margin -€27,737
down €27,737 (-56.8%), from €48,823 to €21,086
- Taxes -€9,313
down €9,313 (-71.6%), from €13,006 to €3,693
- Financial income -€2,316
down €2,316 (-60.1%), from €3,854 to €1,538
- Depreciation +€1,814
up €1,814 (+82.3%), from €2,204 to €4,018
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 | €186,059 | €200,215 | +€14,156 | +7.6% |
| Fixed assets | 21/28 | €4,714 | €17,474 | +€12,760 | +271% |
| Tangible fixed assets | 22/27 | €4,714 | €17,474 | +€12,760 | +271% |
| Plant, machinery and equipment | 23 | €4,714 | €8,545 | +€3,831 | +81.3% |
| Furniture and vehicles | 24 | - | €8,929 | +€8,929 | |
| Current assets | 29/58 | €181,345 | €182,740 | +€1,396 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,859 | €3,076 | +€1,217 | +65.5% |
| Trade receivables | 40 | €1,859 | €76 | -€1,783 | -95.9% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Current investments | 50/53 | €52,563 | €129,949 | +€77,386 | +147% |
| Cash at bank and in hand | 54/58 | €114,558 | €48,899 | -€65,659 | -57.3% |
| Deferred charges and accrued income | 490/1 | €12,364 | €816 | -€11,548 | -93.4% |
| Total equity and liabilities | 10/49 | €186,059 | €200,215 | +€14,156 | +7.6% |
| Equity | 10/15 | €168,922 | €2,000 | -€166,922 | -98.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €166,922 | €0 | -€166,922 | -100% |
| Distributable reserves | 133 | €166,922 | €0 | -€166,922 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,137 | €198,215 | +€181,078 | +1,057% |
| Amounts payable within one year | 42/48 | €17,137 | €198,215 | +€181,078 | +1,057% |
| Trade debts | 44 | €3,443 | €2 | -€3,440 | -99.9% |
| Suppliers | 440/4 | €3,443 | €2 | -€3,440 | -99.9% |
| Taxes, remuneration and social security | 45 | €8,503 | €7,385 | -€1,118 | -13.2% |
| Taxes | 450/3 | €6,653 | €5,535 | -€1,118 | -16.8% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €5,191 | €190,828 | +€185,636 | +3,576% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €4,018 | +€1,814 | +82.3% |
| Other operating charges | 640/8 | €863 | €737 | -€126 | -14.6% |
| Gross operating margin | 9900 | €48,823 | €21,086 | -€27,737 | -56.8% |
| Operating profit (loss) | 9901 | €45,756 | €16,331 | -€29,425 | -64.3% |
| Financial income | 75/76B | €3,854 | €1,538 | -€2,316 | -60.1% |
| Recurring financial income | 75 | €3,854 | €1,538 | -€2,316 | -60.1% |
| Financial charges | 65/66B | €84 | €75 | -€9 | -11.2% |
| Recurring financial charges | 65 | €84 | €75 | -€9 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €49,526 | €17,795 | -€31,731 | -64.1% |
| Income taxes | 67/77 | €13,006 | €3,693 | -€9,313 | -71.6% |
| Profit (loss) for the period | 9904 | €36,520 | €14,102 | -€22,418 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,520 | €14,102 | -€22,418 | -61.4% |
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 22 October 2026 via checked.be.