RSVS: 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.
RSVS
Largest movements
- Stocks and contracts -€33,366
down €33,366 (-34.8%), from €95,866 to €62,500
- Receivables within one year +€12,458
up €12,458 (+250%), from €4,980 to €17,438
of which Trade receivables: +€12,282
- Cash +€6,214
up €6,214 (+85.2%), from €7,292 to €13,506
mainly Stocks and contracts (+€33,366) and Trade debts (+€6,483)
- Profit (loss) carried forward -€23,574
down €23,574, from €0 to -€23,574
- Trade debts +€6,483
up €6,483 (+484%), from €1,340 to €7,823
- Tax, wage and social debts +€2,397
up €2,397 (+635%), from €377 to €2,774
- Gross operating margin -€22,110
down €22,110, from €122 to -€21,988
- Other operating charges +€1,091
up €1,091 (+1,282%), from €85 to €1,177
- Financial charges +€380
up €380 (+1,266%), from €30 to €410
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,139 | €93,444 | -€14,694 | -13.6% |
| Current assets | 29/58 | €108,139 | €93,444 | -€14,694 | -13.6% |
| Stocks and contracts in progress | 3 | €95,866 | €62,500 | -€33,366 | -34.8% |
| Stocks | 30/36 | €95,866 | €62,500 | -€33,366 | -34.8% |
| Amounts receivable within one year | 40/41 | €4,980 | €17,438 | +€12,458 | +250% |
| Trade receivables | 40 | €4,980 | €17,262 | +€12,282 | +247% |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €7,292 | €13,506 | +€6,214 | +85.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €108,139 | €93,444 | -€14,694 | -13.6% |
| Equity | 10/15 | €10,017 | -€13,557 | -€23,574 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17 | €17 | = | 0.0% |
| Distributable reserves | 133 | €17 | €17 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€23,574 | -€23,574 | |
| Amounts payable | 17/49 | €98,122 | €107,002 | +€8,880 | +9.0% |
| Amounts payable within one year | 42/48 | €98,122 | €107,002 | +€8,880 | +9.0% |
| Trade debts | 44 | €1,340 | €7,823 | +€6,483 | +484% |
| Suppliers | 440/4 | €1,340 | €7,823 | +€6,483 | +484% |
| Taxes, remuneration and social security | 45 | €377 | €2,774 | +€2,397 | +635% |
| Taxes | 450/3 | €377 | €2,774 | +€2,397 | +635% |
| Other amounts payable | 47/48 | €96,405 | €96,405 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €1,177 | +€1,091 | +1,282% |
| Gross operating margin | 9900 | €122 | -€21,988 | -€22,110 | |
| Operating profit (loss) | 9901 | €37 | -€23,164 | -€23,201 | |
| Financial charges | 65/66B | €30 | €410 | +€380 | +1,266% |
| Recurring financial charges | 65 | €30 | €410 | +€380 | +1,266% |
| Profit (loss) for the period before taxes | 9903 | €7 | -€23,574 | -€23,581 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7 | -€23,574 | -€23,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €7 | -€23,574 | -€23,581 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.