RSW Technics: 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.
RSW Technics
Largest movements
- Tangible fixed assets +€60,622
up €60,622 (+346%), from €17,512 to €78,134
of which Leasing and similar rights: +€63,418
- Receivables within one year +€50,276
up €50,276 (+68.8%), from €73,062 to €123,338
of which Trade receivables: +€38,703
- Deferred charges and accrued income -€21,731
down €21,731 (-81.4%), from €26,701 to €4,970
- Other debts +€100,000
new in 2025: €100,000
- Reserves -€44,150
down €44,150 (-53.7%), from €82,209 to €38,058
- Debts after one year +€41,174
new in 2025: €41,174
- Trade debts -€17,509
down €17,509 (-31.8%), from €54,984 to €37,475
- Current portion of long-term debt +€15,027
up €15,027 (+254%), from €5,908 to €20,935
- Gross operating margin +€122,865
up €122,865 (+1,209%), from €10,161 to €133,026
- Staff costs +€22,224
up €22,224 (+403%), from €5,513 to €27,737
- Taxes +€19,693
up €19,693 (+3,786%), from €520 to €20,214
- Depreciation +€7,057
up €7,057 (+133%), from €5,315 to €12,371
- Other operating charges +€3,980
up €3,980 (+114%), from €3,480 to €7,460
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 | €163,755 | €252,725 | +€88,971 | +54.3% |
| Fixed assets | 21/28 | €17,512 | €78,134 | +€60,622 | +346% |
| Tangible fixed assets | 22/27 | €17,512 | €78,134 | +€60,622 | +346% |
| Land and buildings | 22 | €3,367 | €4,421 | +€1,054 | +31.3% |
| Plant, machinery and equipment | 23 | €6,461 | €4,800 | -€1,660 | -25.7% |
| Furniture and vehicles | 24 | €7,684 | €5,495 | -€2,189 | -28.5% |
| Leasing and similar rights | 25 | - | €63,418 | +€63,418 | |
| Current assets | 29/58 | €146,243 | €174,591 | +€28,349 | +19.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,479 | €9,856 | -€1,623 | -14.1% |
| Stocks | 30/36 | €11,479 | €9,856 | -€1,623 | -14.1% |
| Amounts receivable within one year | 40/41 | €73,062 | €123,338 | +€50,276 | +68.8% |
| Trade receivables | 40 | €48,267 | €86,970 | +€38,703 | +80.2% |
| Other amounts receivable | 41 | €24,796 | €36,368 | +€11,573 | +46.7% |
| Cash at bank and in hand | 54/58 | - | €1,427 | +€1,427 | |
| Deferred charges and accrued income | 490/1 | €26,701 | €4,970 | -€21,731 | -81.4% |
| Total equity and liabilities | 10/49 | €163,755 | €252,725 | +€88,971 | +54.3% |
| Equity | 10/15 | €77,820 | €40,558 | -€37,262 | -47.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,209 | €38,058 | -€44,150 | -53.7% |
| Distributable reserves | 133 | €82,209 | €38,058 | -€44,150 | -53.7% |
| Profit (loss) carried forward | 14 | -€6,888 | - | +€6,888 | |
| Amounts payable | 17/49 | €85,935 | €212,167 | +€126,233 | +147% |
| Amounts payable after more than one year | 17 | - | €41,174 | +€41,174 | |
| Financial debts | 170/4 | - | €41,174 | +€41,174 | |
| Amounts payable within one year | 42/48 | €72,996 | €170,850 | +€97,854 | +134% |
| Current portion of amounts payable after more than one year | 42 | €5,908 | €20,935 | +€15,027 | +254% |
| Financial debts | 43 | €4,798 | - | -€4,798 | |
| Credit institutions | 430/8 | €4,798 | - | -€4,798 | |
| Trade debts | 44 | €54,984 | €37,475 | -€17,509 | -31.8% |
| Suppliers | 440/4 | €54,984 | €37,475 | -€17,509 | -31.8% |
| Taxes, remuneration and social security | 45 | €7,306 | €12,440 | +€5,133 | +70.3% |
| Taxes | 450/3 | €147 | €10,422 | +€10,275 | +7,003% |
| Remuneration and social security | 454/9 | €7,160 | €2,018 | -€5,142 | -71.8% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €12,939 | €144 | -€12,795 | -98.9% |
| Non-recurring operating income | 76A | €3,569 | €19,540 | +€15,971 | +447% |
| Remuneration, social security and pensions | 62 | €5,513 | €27,737 | +€22,224 | +403% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,315 | €12,371 | +€7,057 | +133% |
| Other operating charges | 640/8 | €3,480 | €7,460 | +€3,980 | +114% |
| Non-recurring operating charges | 66A | €1,112 | €1,509 | +€397 | +35.7% |
| Gross operating margin | 9900 | €10,161 | €133,026 | +€122,865 | +1,209% |
| Operating profit (loss) | 9901 | -€5,259 | €83,948 | +€89,207 | |
| Financial income | 75/76B | €2,470 | €2,747 | +€278 | +11.2% |
| Recurring financial income | 75 | €2,470 | €2,747 | +€278 | +11.2% |
| Financial charges | 65/66B | €3,579 | €3,744 | +€166 | +4.6% |
| Recurring financial charges | 65 | €3,579 | €3,744 | +€166 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,368 | €82,952 | +€89,320 | |
| Income taxes | 67/77 | €520 | €20,214 | +€19,693 | +3,786% |
| Profit (loss) for the period | 9904 | -€6,888 | €62,738 | +€69,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,888 | €62,738 | +€69,626 |
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 13 October 2026 via checked.be.