RST: 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.
RST
Largest movements
- Tangible fixed assets -€13,550
down €13,550 (-23.1%), from €58,609 to €45,059
of which Land and buildings: -€8,165
- Cash -€7,960
down €7,960 (-43.5%), from €18,280 to €10,319
mainly Contributions, distributions and other (-€24,249) and Debts after one year (-€12,402)
- Receivables within one year -€4,063
down €4,063 (-9.0%), from €45,268 to €41,205
of which Trade receivables: -€7,299
- Reserves -€22,049
down €22,049 (-65.1%), from €33,851 to €11,802
of which Distributable reserves: -€22,049
- Other debts +€14,273
up €14,273 (+184.0%), from €7,757 to €22,030
- Debts after one year -€12,402
no longer reported in 2025 (was €12,402)
- Trade debts -€4,903
down €4,903 (-82.6%), from €5,932 to €1,030
- Purchases and services -€27,081
down €27,081 (-19.1%), from €141,500 to €114,419
- Depreciation -€5,900
down €5,900 (-29.0%), from €20,333 to €14,433
- Gross operating margin -€4,865
down €4,865 (-18.1%), from €26,880 to €22,015
- Financial charges +€503
up €503 (+20.4%), from €2,467 to €2,970
- Taxes +€495
up €495 (+137.6%), from €360 to €855
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 | €130,640 | €105,142 | -€25,498 | -19.5% |
| Fixed assets | 21/28 | €58,609 | €45,059 | -€13,550 | -23.1% |
| Tangible fixed assets | 22/27 | €58,609 | €45,059 | -€13,550 | -23.1% |
| Land and buildings | 22 | €48,989 | €40,825 | -€8,165 | -16.7% |
| Plant, machinery and equipment | 23 | €1,609 | €1,079 | -€530 | -32.9% |
| Furniture and vehicles | 24 | €8,011 | €3,155 | -€4,856 | -60.6% |
| Current assets | 29/58 | €72,031 | €60,083 | -€11,948 | -16.6% |
| Stocks and contracts in progress | 3 | €8,400 | €7,720 | -€680 | -8.1% |
| Stocks | 30/36 | €8,400 | €7,720 | -€680 | -8.1% |
| Amounts receivable within one year | 40/41 | €45,268 | €41,205 | -€4,063 | -9.0% |
| Trade receivables | 40 | €38,209 | €30,909 | -€7,299 | -19.1% |
| Other amounts receivable | 41 | €7,060 | €10,296 | +€3,236 | +45.8% |
| Cash at bank and in hand | 54/58 | €18,280 | €10,319 | -€7,960 | -43.5% |
| Deferred charges and accrued income | 490/1 | €83 | €838 | +€756 | +916.1% |
| Total equity and liabilities | 10/49 | €130,640 | €105,142 | -€25,498 | -19.5% |
| Equity | 10/15 | €90,017 | €67,968 | -€22,049 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,851 | €11,802 | -€22,049 | -65.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,991 | €9,942 | -€22,049 | -68.9% |
| Profit (loss) carried forward | 14 | €37,566 | €37,566 | = | 0.0% |
| Amounts payable | 17/49 | €40,623 | €37,174 | -€3,449 | -8.5% |
| Amounts payable after more than one year | 17 | €12,402 | - | -€12,402 | |
| Financial debts | 170/4 | €12,402 | - | -€12,402 | |
| Amounts payable within one year | 42/48 | €28,221 | €37,174 | +€8,953 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €12,811 | €12,402 | -€409 | -3.2% |
| Trade debts | 44 | €5,932 | €1,030 | -€4,903 | -82.6% |
| Suppliers | 440/4 | €5,932 | €1,030 | -€4,903 | -82.6% |
| Taxes, remuneration and social security | 45 | €1,720 | €1,712 | -€8 | -0.4% |
| Taxes | 450/3 | €1,720 | €1,712 | -€8 | -0.4% |
| Other amounts payable | 47/48 | €7,757 | €22,030 | +€14,273 | +184.0% |
| Non-recurring operating income | 76A | €17,500 | - | -€17,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €141,500 | €114,419 | -€27,081 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,333 | €14,433 | -€5,900 | -29.0% |
| Other operating charges | 640/8 | €1,752 | €1,752 | -€1 | 0.0% |
| Gross operating margin | 9900 | €26,880 | €22,015 | -€4,865 | -18.1% |
| Operating profit (loss) | 9901 | €4,794 | €5,830 | +€1,036 | +21.6% |
| Financial income | 75/76B | €59 | €194 | +€136 | +230.5% |
| Recurring financial income | 75 | €59 | €194 | +€136 | +230.5% |
| Financial charges | 65/66B | €2,467 | €2,970 | +€503 | +20.4% |
| Recurring financial charges | 65 | €2,467 | €2,970 | +€503 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €2,386 | €3,055 | +€669 | +28.1% |
| Income taxes | 67/77 | €360 | €855 | +€495 | +137.6% |
| Profit (loss) for the period | 9904 | €2,026 | €2,200 | +€174 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,026 | €2,200 | +€174 | +8.6% |
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.