RST CONCEPT: 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.
RST CONCEPT
Largest movements
- Cash -€78,186
down €78,186 (-20.6%), from €380,102 to €301,917
mainly Trade debts (-€77,998) and Contributions, distributions and other (-€37,700)
- Stocks and contracts -€41,412
down €41,412 (-72.1%), from €57,435 to €16,023
- Receivables within one year -€25,274
down €25,274 (-44.9%), from €56,312 to €31,037
of which Trade receivables: -€25,310
- Tangible fixed assets +€13,060
up €13,060 (+302%), from €4,328 to €17,387
of which Furniture and vehicles: +€13,296
- Trade debts -€77,998
down €77,998 (-71.3%), from €109,423 to €31,425
- Reserves -€37,700
down €37,700 (-12.3%), from €307,250 to €269,550
- Tax, wage and social debts -€23,207
down €23,207 (-79.8%), from €29,074 to €5,866
- Other debts +€8,000
up €8,000 (+25.4%), from €31,510 to €39,510
- Other operating charges +€37,222
up €37,222 (+2,851%), from €1,305 to €38,528
- Write-downs -€18,382
new in 2025: -€18,382
- Gross operating margin -€14,172
down €14,172 (-36.5%), from €38,855 to €24,684
- Taxes -€10,412
down €10,412 (-97.7%), from €10,659 to €246
- Financial charges +€1,639
up €1,639 (+905%), from €181 to €1,820
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 | €499,035 | €367,104 | -€131,931 | -26.4% |
| Fixed assets | 21/28 | €4,328 | €17,387 | +€13,060 | +302% |
| Tangible fixed assets | 22/27 | €4,328 | €17,387 | +€13,060 | +302% |
| Plant, machinery and equipment | 23 | €2,369 | €2,134 | -€236 | -10.0% |
| Furniture and vehicles | 24 | €1,958 | €15,254 | +€13,296 | +679% |
| Current assets | 29/58 | €494,707 | €349,717 | -€144,990 | -29.3% |
| Stocks and contracts in progress | 3 | €57,435 | €16,023 | -€41,412 | -72.1% |
| Stocks | 30/36 | €57,435 | €16,023 | -€41,412 | -72.1% |
| Amounts receivable within one year | 40/41 | €56,312 | €31,037 | -€25,274 | -44.9% |
| Trade receivables | 40 | €56,312 | €31,002 | -€25,310 | -44.9% |
| Other amounts receivable | 41 | - | €35 | +€35 | |
| Cash at bank and in hand | 54/58 | €380,102 | €301,917 | -€78,186 | -20.6% |
| Deferred charges and accrued income | 490/1 | €859 | €740 | -€119 | -13.8% |
| Total equity and liabilities | 10/49 | €499,035 | €367,104 | -€131,931 | -26.4% |
| Equity | 10/15 | €329,028 | €290,303 | -€38,726 | -11.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €307,250 | €269,550 | -€37,700 | -12.3% |
| Distributable reserves | 133 | €307,250 | €269,550 | -€37,700 | -12.3% |
| Profit (loss) carried forward | 14 | €1,318 | €293 | -€1,026 | -77.8% |
| Amounts payable | 17/49 | €170,006 | €76,801 | -€93,205 | -54.8% |
| Amounts payable within one year | 42/48 | €170,006 | €76,801 | -€93,205 | -54.8% |
| Trade debts | 44 | €109,423 | €31,425 | -€77,998 | -71.3% |
| Suppliers | 440/4 | €109,423 | €31,425 | -€77,998 | -71.3% |
| Taxes, remuneration and social security | 45 | €29,074 | €5,866 | -€23,207 | -79.8% |
| Taxes | 450/3 | €29,074 | €5,866 | -€23,207 | -79.8% |
| Other amounts payable | 47/48 | €31,510 | €39,510 | +€8,000 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,766 | €3,887 | +€1,122 | +40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€18,382 | -€18,382 | |
| Other operating charges | 640/8 | €1,305 | €38,528 | +€37,222 | +2,851% |
| Gross operating margin | 9900 | €38,855 | €24,684 | -€14,172 | -36.5% |
| Operating profit (loss) | 9901 | €34,784 | €650 | -€34,134 | -98.1% |
| Financial income | 75/76B | €1,941 | €391 | -€1,550 | -79.8% |
| Recurring financial income | 75 | €1,941 | €391 | -€1,550 | -79.8% |
| Financial charges | 65/66B | €181 | €1,820 | +€1,639 | +905% |
| Recurring financial charges | 65 | €181 | €1,820 | +€1,639 | +905% |
| Profit (loss) for the period before taxes | 9903 | €36,544 | -€779 | -€37,323 | |
| Income taxes | 67/77 | €10,659 | €246 | -€10,412 | -97.7% |
| Profit (loss) for the period | 9904 | €25,885 | -€1,026 | -€26,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,885 | -€1,026 | -€26,911 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.