RSZ GROUP: what changed
What changed
RSZ GROUP
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€257,987
2024 · €230,993+€26,994
Equity
€867,240
2024 · €609,253+€257,987
Cash
€461,155
2024 · €336,705+€124,451
Balance sheet total
€1.1m
2024 · €897,030+€196,749
Largest movements
Assets
- Cash +€124,451
up €124,451 (+37.0%), from €336,705 to €461,155
mainly Net result for the year (+€257,987) and Debts after one year (+€36,051)
- Tangible fixed assets +€70,184
up €70,184 (+378%), from €18,558 to €88,742
Equity and liabilities
- Reserves +€257,987
up €257,987 (+43.7%), from €590,653 to €848,640
- Trade debts -€134,055
down €134,055 (-71.2%), from €188,386 to €54,331
- Debts after one year +€36,051
up €36,051 (+357%), from €10,106 to €46,158
- Tax, wage and social debts +€27,567
up €27,567 (+35.9%), from €76,753 to €104,321
- Current portion of long-term debt +€11,928
up €11,928 (+122%), from €9,803 to €21,731
Income statement
- Gross operating margin +€36,975
up €36,975 (+11.3%), from €326,543 to €363,518
- Depreciation +€5,187
up €5,187 (+52.3%), from €9,917 to €15,105
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€230,993
Gross operating margin
+€36,975
Depreciation
-€5,187
Other operating charges
-€1,167
Financial income
-€5
Financial charges
-€1,840
Taxes
-€1,782
Result 2025
€257,987
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€161,761
Investment
-€85,289
Financing
+€47,979
Cash 2024
€336,705
From operations (derived)
+€161,761
Net result for the year
+€257,987
Depreciation
+€15,105
Receivables within one year
-€6,161
Deferred charges and accrued income
+€4,047
Trade debts
-€134,055
Tax, wage and social debts
+€27,567
Other debts
-€2,729
Investment (derived)
-€85,289
Investment in fixed assets (net)
-€85,289
Financing
+€47,979
Debts after one year
+€36,051
Current portion of long-term debt
+€11,928
Cash 2025
€461,155
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €897,030 | €1,093,780 | +€196,749 | +21.9% |
| Fixed assets | 21/28 | €18,558 | €88,742 | +€70,184 | +378% |
| Tangible fixed assets | 22/27 | €18,558 | €88,742 | +€70,184 | +378% |
| Leasing and similar rights | 25 | €18,558 | €88,742 | +€70,184 | +378% |
| Current assets | 29/58 | €878,473 | €1,005,038 | +€126,565 | +14.4% |
| Amounts receivable within one year | 40/41 | €537,721 | €543,882 | +€6,161 | +1.1% |
| Trade receivables | 40 | €537,617 | €540,909 | +€3,292 | +0.6% |
| Other amounts receivable | 41 | €104 | €2,973 | +€2,869 | +2,763% |
| Cash at bank and in hand | 54/58 | €336,705 | €461,155 | +€124,451 | +37.0% |
| Deferred charges and accrued income | 490/1 | €4,047 | €0 | -€4,047 | -100% |
| Total equity and liabilities | 10/49 | €897,030 | €1,093,780 | +€196,749 | +21.9% |
| Equity | 10/15 | €609,253 | €867,240 | +€257,987 | +42.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €590,653 | €848,640 | +€257,987 | +43.7% |
| Distributable reserves | 133 | €590,653 | €848,640 | +€257,987 | +43.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €287,777 | €226,540 | -€61,237 | -21.3% |
| Amounts payable after more than one year | 17 | €10,106 | €46,158 | +€36,051 | +357% |
| Financial debts | 170/4 | €10,106 | €46,158 | +€36,051 | +357% |
| Amounts payable within one year | 42/48 | €277,671 | €180,383 | -€97,289 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €9,803 | €21,731 | +€11,928 | +122% |
| Trade debts | 44 | €188,386 | €54,331 | -€134,055 | -71.2% |
| Suppliers | 440/4 | €188,386 | €54,331 | -€134,055 | -71.2% |
| Taxes, remuneration and social security | 45 | €76,753 | €104,321 | +€27,567 | +35.9% |
| Taxes | 450/3 | €76,753 | €104,321 | +€27,567 | +35.9% |
| Other amounts payable | 47/48 | €2,729 | €0 | -€2,729 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,917 | €15,105 | +€5,187 | +52.3% |
| Other operating charges | 640/8 | €384 | €1,551 | +€1,167 | +304% |
| Gross operating margin | 9900 | €326,543 | €363,518 | +€36,975 | +11.3% |
| Operating profit (loss) | 9901 | €316,241 | €346,862 | +€30,621 | +9.7% |
| Financial income | 75/76B | €2,252 | €2,247 | -€5 | -0.2% |
| Recurring financial income | 75 | €2,252 | €2,247 | -€5 | -0.2% |
| Financial charges | 65/66B | €1,460 | €3,300 | +€1,840 | +126% |
| Recurring financial charges | 65 | €1,460 | €3,300 | +€1,840 | +126% |
| Profit (loss) for the period before taxes | 9903 | €317,033 | €345,809 | +€28,776 | +9.1% |
| Income taxes | 67/77 | €86,040 | €87,822 | +€1,782 | +2.1% |
| Profit (loss) for the period | 9904 | €230,993 | €257,987 | +€26,994 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €230,993 | €257,987 | +€26,994 | +11.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.