RST CONSULT: 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 CONSULT
Largest movements
- Financial fixed assets +€450,000
up €450,000 (+226,998%), from €198 to €450,198
- Receivables within one year +€59,373
up €59,373 (+62.3%), from €95,250 to €154,624
of which Trade receivables: +€54,131
- Stocks and contracts +€32,613
new in 2025: €32,613
- Cash -€15,484
down €15,484 (-9.0%), from €172,572 to €157,088
mainly Investment in fixed assets (net) (-€456,180) and Contributions, distributions and other (-€400,000)
- Tangible fixed assets -€12,669
down €12,669 (-24.2%), from €52,279 to €39,610
of which Leasing and similar rights: -€43,311
- Other debts +€590,513
up €590,513 (+25,866%), from €2,283 to €592,796
- Reserves -€167,931
down €167,931 (-78.3%), from €214,600 to €46,669
- Tax, wage and social debts +€53,756
up €53,756 (+123%), from €43,778 to €97,535
of which Taxes: +€54,846
- Trade debts +€45,639
up €45,639 (+122%), from €37,318 to €82,957
- Current portion of long-term debt -€10,779
down €10,779 (-100%), from €10,779 to €0
- Gross operating margin +€83,301
up €83,301 (+28.7%), from €290,471 to €373,773
- Taxes +€24,856
up €24,856 (+44.7%), from €55,565 to €80,421
- Staff costs -€4,063
down €4,063 (-9.9%), from €40,992 to €36,928
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 | €327,551 | €838,769 | +€511,219 | +156% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €52,477 | €489,809 | +€437,331 | +833% |
| Tangible fixed assets | 22/27 | €52,279 | €39,610 | -€12,669 | -24.2% |
| Plant, machinery and equipment | 23 | €904 | €2,035 | +€1,131 | +125% |
| Furniture and vehicles | 24 | €1,736 | €32,037 | +€30,302 | +1,746% |
| Leasing and similar rights | 25 | €43,311 | €0 | -€43,311 | -100% |
| Other tangible fixed assets | 26 | €6,328 | €5,538 | -€790 | -12.5% |
| Financial fixed assets | 28 | €198 | €450,198 | +€450,000 | +226,998% |
| Current assets | 29/58 | €275,073 | €348,961 | +€73,887 | +26.9% |
| Stocks and contracts in progress | 3 | - | €32,613 | +€32,613 | |
| Stocks | 30/36 | - | €32,613 | +€32,613 | |
| Amounts receivable within one year | 40/41 | €95,250 | €154,624 | +€59,373 | +62.3% |
| Trade receivables | 40 | €90,284 | €144,415 | +€54,131 | +60.0% |
| Other amounts receivable | 41 | €4,966 | €10,209 | +€5,242 | +106% |
| Cash at bank and in hand | 54/58 | €172,572 | €157,088 | -€15,484 | -9.0% |
| Deferred charges and accrued income | 490/1 | €7,251 | €4,636 | -€2,615 | -36.1% |
| Total equity and liabilities | 10/49 | €327,551 | €838,769 | +€511,219 | +156% |
| Equity | 10/15 | €233,200 | €65,269 | -€167,931 | -72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,600 | €46,669 | -€167,931 | -78.3% |
| Distributable reserves | 133 | €214,600 | €46,669 | -€167,931 | -78.3% |
| Amounts payable | 17/49 | €94,351 | €773,500 | +€679,149 | +720% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €94,158 | €773,288 | +€679,129 | +721% |
| Current portion of amounts payable after more than one year | 42 | €10,779 | €0 | -€10,779 | -100% |
| Trade debts | 44 | €37,318 | €82,957 | +€45,639 | +122% |
| Suppliers | 440/4 | €37,318 | €82,957 | +€45,639 | +122% |
| Taxes, remuneration and social security | 45 | €43,778 | €97,535 | +€53,756 | +123% |
| Taxes | 450/3 | €36,273 | €91,119 | +€54,846 | +151% |
| Remuneration and social security | 454/9 | €7,505 | €6,415 | -€1,090 | -14.5% |
| Other amounts payable | 47/48 | €2,283 | €592,796 | +€590,513 | +25,866% |
| Accrued charges and deferred income | 492/3 | €192 | €212 | +€20 | +10.4% |
| Remuneration, social security and pensions | 62 | €40,992 | €36,928 | -€4,063 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,479 | €18,849 | +€370 | +2.0% |
| Other operating charges | 640/8 | €4,890 | €3,241 | -€1,649 | -33.7% |
| Non-recurring operating charges | 66A | - | €1,030 | +€1,030 | |
| Gross operating margin | 9900 | €290,471 | €373,773 | +€83,301 | +28.7% |
| Operating profit (loss) | 9901 | €226,111 | €313,725 | +€87,613 | +38.7% |
| Financial income | 75/76B | €51 | €1 | -€50 | -98.4% |
| Recurring financial income | 75 | €51 | €1 | -€50 | -98.4% |
| Financial charges | 65/66B | €416 | €1,235 | +€819 | +197% |
| Recurring financial charges | 65 | €416 | €1,235 | +€819 | +197% |
| Profit (loss) for the period before taxes | 9903 | €225,746 | €312,490 | +€86,744 | +38.4% |
| Income taxes | 67/77 | €55,565 | €80,421 | +€24,856 | +44.7% |
| Profit (loss) for the period | 9904 | €170,181 | €232,069 | +€61,889 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,181 | €232,069 | +€61,889 | +36.4% |
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 25 October 2026 via checked.be.