RSY: 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.
RSY
Largest movements
- Receivables within one year -€11,330
down €11,330 (-14.7%), from €76,991 to €65,661
of which Other amounts receivable: -€23,285
- Debts after one year -€92,153
down €92,153 (-47.7%), from €193,221 to €101,068
- Profit (loss) carried forward +€85,291
up €85,291, from -€48,600 to €36,690
- Other debts -€11,121
down €11,121 (-6.8%), from €163,893 to €152,772
- Tax, wage and social debts +€11,098
up €11,098 (+125.1%), from €8,868 to €19,965
- Short-term financial debts -€8,479
down €8,479 (-40.1%), from €21,133 to €12,654
- Gross operating margin -€24,345
down €24,345 (-13.3%), from €183,423 to €159,078
- Taxes -€4,770
down €4,770 (-16.5%), from €28,868 to €24,098
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 | €693,287 | €681,629 | -€11,658 | -1.7% |
| Fixed assets | 21/28 | €614,945 | €614,343 | -€602 | -0.1% |
| Tangible fixed assets | 22/27 | €945 | €343 | -€602 | -63.7% |
| Furniture and vehicles | 24 | €945 | €343 | -€602 | -63.7% |
| Financial fixed assets | 28 | €614,000 | €614,000 | = | 0.0% |
| Current assets | 29/58 | €78,342 | €67,286 | -€11,056 | -14.1% |
| Amounts receivable within one year | 40/41 | €76,991 | €65,661 | -€11,330 | -14.7% |
| Trade receivables | 40 | €26,174 | €38,130 | +€11,955 | +45.7% |
| Other amounts receivable | 41 | €50,817 | €27,532 | -€23,285 | -45.8% |
| Cash at bank and in hand | 54/58 | €78 | €355 | +€277 | +354.6% |
| Deferred charges and accrued income | 490/1 | €1,273 | €1,270 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €693,287 | €681,629 | -€11,658 | -1.7% |
| Equity | 10/15 | €218,170 | €303,461 | +€85,291 | +39.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €247,771 | €247,771 | = | 0.0% |
| Distributable reserves | 133 | €247,771 | €247,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,600 | €36,690 | +€85,291 | |
| Amounts payable | 17/49 | €475,117 | €378,168 | -€96,949 | -20.4% |
| Amounts payable after more than one year | 17 | €193,221 | €101,068 | -€92,153 | -47.7% |
| Financial debts | 170/4 | €193,221 | €101,068 | -€92,153 | -47.7% |
| Amounts payable within one year | 42/48 | €281,895 | €277,100 | -€4,796 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €83,640 | €85,122 | +€1,482 | +1.8% |
| Financial debts | 43 | €21,133 | €12,654 | -€8,479 | -40.1% |
| Credit institutions | 430/8 | €21,133 | €12,654 | -€8,479 | -40.1% |
| Trade debts | 44 | €4,362 | €6,587 | +€2,225 | +51.0% |
| Suppliers | 440/4 | €4,362 | €6,587 | +€2,225 | +51.0% |
| Taxes, remuneration and social security | 45 | €8,868 | €19,965 | +€11,098 | +125.1% |
| Taxes | 450/3 | €8,868 | €19,965 | +€11,098 | +125.1% |
| Other amounts payable | 47/48 | €163,893 | €152,772 | -€11,121 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €602 | +€40 | +7.1% |
| Other operating charges | 640/8 | €822 | €800 | -€21 | -2.6% |
| Gross operating margin | 9900 | €183,423 | €159,078 | -€24,345 | -13.3% |
| Operating profit (loss) | 9901 | €182,039 | €157,676 | -€24,363 | -13.4% |
| Financial charges | 65/66B | €9,827 | €11,288 | +€1,461 | +14.9% |
| Recurring financial charges | 65 | €9,827 | €11,288 | +€1,461 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €172,212 | €146,388 | -€25,824 | -15.0% |
| Income taxes | 67/77 | €28,868 | €24,098 | -€4,770 | -16.5% |
| Profit (loss) for the period | 9904 | €143,344 | €122,291 | -€21,054 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €143,344 | €122,291 | -€21,054 | -14.7% |
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 6 October 2026 via checked.be.