RSTEK: 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.
RSTEK
Largest movements
- Receivables within one year -€14,117
down €14,117 (-50.8%), from €27,811 to €13,695
of which Trade receivables: -€13,351
- Tangible fixed assets -€9,215
down €9,215 (-30.4%), from €30,306 to €21,091
of which Furniture and vehicles: -€8,941
- Cash -€5,837
down €5,837 (-18.3%), from €31,926 to €26,089
mainly Tax, wage and social debts (-€13,104) and Other debts (-€9,854)
- Deferred charges and accrued income +€1,273
new in 2025: €1,273
- Tax, wage and social debts -€13,104
down €13,104 (-85.7%), from €15,284 to €2,180
- Other debts -€9,854
down €9,854 (-23.4%), from €42,166 to €32,312
- Debts after one year -€7,908
down €7,908 (-41.6%), from €18,989 to €11,081
- Trade debts +€1,661
up €1,661 (+162%), from €1,028 to €2,689
- Reserves +€978
new in 2025: €978
- Gross operating margin -€58,075
down €58,075 (-81.6%), from €71,207 to €13,132
- Taxes -€14,668
down €14,668 (-94.5%), from €15,523 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.
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 | €90,044 | €62,147 | -€27,897 | -31.0% |
| Fixed assets | 21/28 | €30,306 | €21,091 | -€9,215 | -30.4% |
| Tangible fixed assets | 22/27 | €30,306 | €21,091 | -€9,215 | -30.4% |
| Plant, machinery and equipment | 23 | €1,312 | €1,038 | -€274 | -20.9% |
| Furniture and vehicles | 24 | €28,994 | €20,053 | -€8,941 | -30.8% |
| Current assets | 29/58 | €59,738 | €41,056 | -€18,682 | -31.3% |
| Amounts receivable within one year | 40/41 | €27,811 | €13,695 | -€14,117 | -50.8% |
| Trade receivables | 40 | €26,854 | €13,504 | -€13,351 | -49.7% |
| Other amounts receivable | 41 | €957 | €191 | -€766 | -80.1% |
| Cash at bank and in hand | 54/58 | €31,926 | €26,089 | -€5,837 | -18.3% |
| Deferred charges and accrued income | 490/1 | - | €1,273 | +€1,273 | |
| Total equity and liabilities | 10/49 | €90,044 | €62,147 | -€27,897 | -31.0% |
| Equity | 10/15 | €5,000 | €5,978 | +€978 | +19.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €978 | +€978 | |
| Distributable reserves | 133 | - | €978 | +€978 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,044 | €56,169 | -€28,875 | -34.0% |
| Amounts payable after more than one year | 17 | €18,989 | €11,081 | -€7,908 | -41.6% |
| Financial debts | 170/4 | €18,989 | €11,081 | -€7,908 | -41.6% |
| Amounts payable within one year | 42/48 | €66,055 | €45,088 | -€20,967 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €7,578 | €7,908 | +€330 | +4.4% |
| Trade debts | 44 | €1,028 | €2,689 | +€1,661 | +162% |
| Suppliers | 440/4 | €1,028 | €2,689 | +€1,661 | +162% |
| Taxes, remuneration and social security | 45 | €15,284 | €2,180 | -€13,104 | -85.7% |
| Taxes | 450/3 | €15,284 | €2,180 | -€13,104 | -85.7% |
| Other amounts payable | 47/48 | €42,166 | €32,312 | -€9,854 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €9,215 | +€216 | +2.4% |
| Other operating charges | 640/8 | €669 | €890 | +€222 | +33.1% |
| Gross operating margin | 9900 | €71,207 | €13,132 | -€58,075 | -81.6% |
| Operating profit (loss) | 9901 | €61,538 | €3,026 | -€58,512 | -95.1% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,521 | €1,199 | -€322 | -21.2% |
| Recurring financial charges | 65 | €1,521 | €1,199 | -€322 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €60,017 | €1,833 | -€58,184 | -96.9% |
| Income taxes | 67/77 | €15,523 | €855 | -€14,668 | -94.5% |
| Profit (loss) for the period | 9904 | €44,494 | €978 | -€43,516 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,494 | €978 | -€43,516 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.