RST4: 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.
RST4
Largest movements
- Receivables within one year +€5,030
up €5,030, from €0 to €5,030
of which Other amounts receivable: +€2,530
- Reserves +€7,623
up €7,623 (+3.5%), from €220,779 to €228,402
- Gross operating margin -€3,771
down €3,771 (-20.3%), from €18,564 to €14,793
- Financial charges -€3,123
down €3,123 (-53.8%), from €5,807 to €2,685
- Other operating charges -€1,613
down €1,613 (-50.6%), from €3,185 to €1,572
- Taxes -€238
down €238 (-7.5%), from €3,151 to €2,913
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 | €420,681 | €425,689 | +€5,008 | +1.2% |
| Fixed assets | 21/28 | €420,000 | €420,000 | = | 0.0% |
| Financial fixed assets | 28 | €420,000 | €420,000 | = | 0.0% |
| Current assets | 29/58 | €681 | €5,689 | +€5,008 | +735.0% |
| Amounts receivable within one year | 40/41 | €0 | €5,030 | +€5,030 | |
| Trade receivables | 40 | €0 | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,530 | +€2,530 | |
| Cash at bank and in hand | 54/58 | €1 | €2 | +€1 | +173.3% |
| Deferred charges and accrued income | 490/1 | €680 | €657 | -€24 | -3.5% |
| Total equity and liabilities | 10/49 | €420,681 | €425,689 | +€5,008 | +1.2% |
| Equity | 10/15 | €250,779 | €258,402 | +€7,623 | +3.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €220,779 | €228,402 | +€7,623 | +3.5% |
| Distributable reserves | 133 | €220,779 | €228,402 | +€7,623 | +3.5% |
| Amounts payable | 17/49 | €169,902 | €167,287 | -€2,616 | -1.5% |
| Amounts payable within one year | 42/48 | €169,902 | €167,287 | -€2,616 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €103,988 | €102,090 | -€1,898 | -1.8% |
| Suppliers | 440/4 | €103,988 | €102,090 | -€1,898 | -1.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €32,288 | €32,453 | +€164 | +0.5% |
| Taxes | 450/3 | €32,288 | €32,453 | +€164 | +0.5% |
| Other amounts payable | 47/48 | €33,627 | €32,744 | -€882 | -2.6% |
| Other operating charges | 640/8 | €3,185 | €1,572 | -€1,613 | -50.6% |
| Gross operating margin | 9900 | €18,564 | €14,793 | -€3,771 | -20.3% |
| Operating profit (loss) | 9901 | €15,379 | €13,221 | -€2,158 | -14.0% |
| Financial charges | 65/66B | €5,807 | €2,685 | -€3,123 | -53.8% |
| Recurring financial charges | 65 | €5,807 | €2,685 | -€3,123 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €9,571 | €10,536 | +€965 | +10.1% |
| Income taxes | 67/77 | €3,151 | €2,913 | -€238 | -7.5% |
| Profit (loss) for the period | 9904 | €6,421 | €7,623 | +€1,203 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,421 | €7,623 | +€1,203 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.