RZKS: 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.
RZKS
Largest movements
- Stocks and contracts +€75,305
up €75,305 (+125%), from €60,046 to €135,351
- Cash +€47,186
up €47,186 (+71.7%), from €65,837 to €113,023
mainly Net result for the year (+€132,261) and Tax, wage and social debts (+€43,528)
- Tangible fixed assets +€8,573
up €8,573 (+40.1%), from €21,368 to €29,941
of which Other tangible fixed assets: +€8,909
- Receivables within one year +€8,287
up €8,287 (+11.5%), from €72,223 to €80,510
of which Trade receivables: +€8,602
- Profit (loss) carried forward +€132,261
up €132,261 (+1,045%), from €12,658 to €144,919
- Tax, wage and social debts +€43,528
up €43,528 (+111%), from €39,246 to €82,774
of which Taxes: +€33,370
- Trade debts -€26,613
down €26,613 (-48.6%), from €54,756 to €28,143
- Other debts -€4,439
down €4,439 (-26.1%), from €17,021 to €12,582
- Debts after one year -€3,841
down €3,841 (-92.1%), from €4,170 to €329
- Gross operating margin +€168,727
up €168,727 (+84.4%), from €199,849 to €368,576
- Staff costs +€39,958
up €39,958 (+31.5%), from €126,878 to €166,836
- Taxes +€34,792
up €34,792 (+204%), from €17,080 to €51,872
- Write-downs -€4,606
no longer reported in 2025 (was €4,606)
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 | €222,894 | €365,192 | +€142,298 | +63.8% |
| Fixed assets | 21/28 | €21,368 | €29,941 | +€8,573 | +40.1% |
| Tangible fixed assets | 22/27 | €21,368 | €29,941 | +€8,573 | +40.1% |
| Plant, machinery and equipment | 23 | €2,781 | €1,813 | -€968 | -34.8% |
| Furniture and vehicles | 24 | €11,592 | €12,224 | +€632 | +5.5% |
| Other tangible fixed assets | 26 | €6,995 | €15,904 | +€8,909 | +127% |
| Current assets | 29/58 | €201,526 | €335,250 | +€133,725 | +66.4% |
| Stocks and contracts in progress | 3 | €60,046 | €135,351 | +€75,305 | +125% |
| Stocks | 30/36 | €60,046 | €135,351 | +€75,305 | +125% |
| Amounts receivable within one year | 40/41 | €72,223 | €80,510 | +€8,287 | +11.5% |
| Trade receivables | 40 | €71,908 | €80,510 | +€8,602 | +12.0% |
| Other amounts receivable | 41 | €314 | - | -€314 | |
| Cash at bank and in hand | 54/58 | €65,837 | €113,023 | +€47,186 | +71.7% |
| Deferred charges and accrued income | 490/1 | €3,420 | €6,367 | +€2,947 | +86.2% |
| Total equity and liabilities | 10/49 | €222,894 | €365,192 | +€142,298 | +63.8% |
| Equity | 10/15 | €100,954 | €233,215 | +€132,261 | +131% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €85,796 | €85,796 | = | 0.0% |
| Distributable reserves | 133 | €85,796 | €85,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,658 | €144,919 | +€132,261 | +1,045% |
| Amounts payable | 17/49 | €121,940 | €131,977 | +€10,037 | +8.2% |
| Amounts payable after more than one year | 17 | €4,170 | €329 | -€3,841 | -92.1% |
| Financial debts | 170/4 | €4,170 | €329 | -€3,841 | -92.1% |
| Amounts payable within one year | 42/48 | €117,770 | €131,648 | +€13,877 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €6,748 | €8,149 | +€1,402 | +20.8% |
| Trade debts | 44 | €54,756 | €28,143 | -€26,613 | -48.6% |
| Suppliers | 440/4 | €54,756 | €28,143 | -€26,613 | -48.6% |
| Taxes, remuneration and social security | 45 | €39,246 | €82,774 | +€43,528 | +111% |
| Taxes | 450/3 | €28,809 | €62,178 | +€33,370 | +116% |
| Remuneration and social security | 454/9 | €10,437 | €20,595 | +€10,158 | +97.3% |
| Other amounts payable | 47/48 | €17,021 | €12,582 | -€4,439 | -26.1% |
| Remuneration, social security and pensions | 62 | €126,878 | €166,836 | +€39,958 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,451 | €12,052 | +€2,601 | +27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,606 | - | -€4,606 | |
| Other operating charges | 640/8 | €3,319 | €3,282 | -€37 | -1.1% |
| Gross operating margin | 9900 | €199,849 | €368,576 | +€168,727 | +84.4% |
| Operating profit (loss) | 9901 | €55,596 | €186,406 | +€130,810 | +235% |
| Financial income | 75/76B | €53 | €79 | +€26 | +49.5% |
| Recurring financial income | 75 | €53 | €79 | +€26 | +49.5% |
| Financial charges | 65/66B | €2,256 | €2,351 | +€95 | +4.2% |
| Recurring financial charges | 65 | €2,256 | €2,351 | +€95 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €53,392 | €184,133 | +€130,741 | +245% |
| Income taxes | 67/77 | €17,080 | €51,872 | +€34,792 | +204% |
| Profit (loss) for the period | 9904 | €36,312 | €132,261 | +€95,949 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €36,312 | €132,261 | +€95,949 | +264% |
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 21 October 2026 via checked.be.