RST LOCATION: 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 LOCATION
Largest movements
- Receivables within one year +€337,640
up €337,640 (+54.7%), from €617,185 to €954,825
of which Trade receivables: +€527,550
- Tangible fixed assets -€234,607
down €234,607 (-27.2%), from €861,653 to €627,046
of which Furniture and vehicles: -€200,327
- Cash -€204,300
down €204,300 (-50.2%), from €407,051 to €202,751
mainly Receivables within one year (-€337,640) and Debts after one year (-€225,104)
- Debts after one year -€225,104
down €225,104 (-28.3%), from €796,817 to €571,713
of which Financial debts: -€225,104
- Trade debts +€152,627
up €152,627 (+68.9%), from €221,541 to €374,168
- Accrued charges and deferred income -€118,000
no longer reported in 2025 (was €118,000)
- Other debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€43,436
up €43,436 (+104%), from €41,883 to €85,319
of which Taxes: +€50,246
- Turnover +€2.7m
new in 2025: €2.7m
- Purchases and services +€2.2m
new in 2025: €2.2m
- Provisions +€225,394
no longer reported in 2025 (was -€225,394)
- Gross operating margin +€118,469
up €118,469 (+12.9%), from €921,783 to €1.0m
- Other operating charges -€75,358
down €75,358 (-38.5%), from €195,684 to €120,326
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 | €1,886,069 | €1,794,802 | -€91,267 | -4.8% |
| Fixed assets | 21/28 | €861,833 | €627,226 | -€234,607 | -27.2% |
| Tangible fixed assets | 22/27 | €861,653 | €627,046 | -€234,607 | -27.2% |
| Land and buildings | 22 | €188,511 | €182,469 | -€6,042 | -3.2% |
| Plant, machinery and equipment | 23 | €12,746 | €10,298 | -€2,448 | -19.2% |
| Furniture and vehicles | 24 | €614,034 | €413,707 | -€200,327 | -32.6% |
| Leasing and similar rights | 25 | €11,642 | - | -€11,642 | |
| Other tangible fixed assets | 26 | €34,720 | €20,572 | -€14,148 | -40.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €1,024,236 | €1,167,576 | +€143,340 | +14.0% |
| Amounts receivable within one year | 40/41 | €617,185 | €954,825 | +€337,640 | +54.7% |
| Trade receivables | 40 | €427,275 | €954,825 | +€527,550 | +123% |
| Other amounts receivable | 41 | €189,910 | - | -€189,910 | |
| Cash at bank and in hand | 54/58 | €407,051 | €202,751 | -€204,300 | -50.2% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €1,886,069 | €1,794,802 | -€91,267 | -4.8% |
| Equity | 10/15 | €414,473 | €405,858 | -€8,615 | -2.1% |
| Contributions | 10/11 | €62,501 | €62,501 | = | 0.0% |
| Capital | 10 | €62,501 | €62,501 | = | 0.0% |
| Issued capital | 100 | €62,501 | €62,501 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,722 | €337,107 | -€8,615 | -2.5% |
| Amounts payable | 17/49 | €1,471,596 | €1,388,944 | -€82,652 | -5.6% |
| Amounts payable after more than one year | 17 | €796,817 | €571,713 | -€225,104 | -28.3% |
| Financial debts | 170/4 | €795,617 | €570,513 | -€225,104 | -28.3% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €556,779 | €817,231 | +€260,452 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €9,888 | - | -€9,888 | |
| Financial debts | 43 | €283,467 | €307,744 | +€24,277 | +8.6% |
| Credit institutions | 430/8 | €283,467 | €307,744 | +€24,277 | +8.6% |
| Trade debts | 44 | €221,541 | €374,168 | +€152,627 | +68.9% |
| Suppliers | 440/4 | €221,541 | €374,168 | +€152,627 | +68.9% |
| Taxes, remuneration and social security | 45 | €41,883 | €85,319 | +€43,436 | +104% |
| Taxes | 450/3 | - | €50,246 | +€50,246 | |
| Remuneration and social security | 454/9 | €41,883 | €35,073 | -€6,810 | -16.3% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €118,000 | - | -€118,000 | |
| Turnover | 70 | - | €2,678,742 | +€2.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,173,010 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €301,849 | €272,122 | -€29,727 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,017 | €308,457 | -€6,560 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,777 | €56,961 | +€8,184 | +16.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€225,394 | - | +€225,394 | |
| Other operating charges | 640/8 | €195,684 | €120,326 | -€75,358 | -38.5% |
| Non-recurring operating charges | 66A | €11,088 | - | -€11,088 | |
| Gross operating margin | 9900 | €921,783 | €1,040,252 | +€118,469 | +12.9% |
| Operating profit (loss) | 9901 | €274,762 | €282,386 | +€7,624 | +2.8% |
| Financial income | 75/76B | €5,490 | €1,018 | -€4,472 | -81.5% |
| Recurring financial income | 75 | €5,490 | €1,018 | -€4,472 | -81.5% |
| Financial charges | 65/66B | €167,089 | €235,078 | +€67,989 | +40.7% |
| Recurring financial charges | 65 | €167,089 | €235,078 | +€67,989 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €113,163 | €48,326 | -€64,837 | -57.3% |
| Income taxes | 67/77 | €19,256 | €56,941 | +€37,685 | +196% |
| Profit (loss) for the period | 9904 | €93,907 | -€8,615 | -€102,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,907 | -€8,615 | -€102,522 |
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 19 October 2026 via checked.be.