RESTOG: what changed
RESTOG
Largest movements
- Cash +€102,980
up €102,980 (+107%), from €96,013 to €198,993
mainly Net result for the year (+€71,563) and Tax, wage and social debts (+€47,167)
- Receivables after one year +€39,272
up €39,272 (+32.5%), from €120,907 to €160,178
- Tangible fixed assets -€21,842
down €21,842 (-17.9%), from €121,971 to €100,129
of which Furniture and vehicles: -€17,009
- Receivables within one year +€5,535
up €5,535 (+671%), from €825 to €6,361
of which Other amounts receivable: +€5,067
- Reserves +€71,563
up €71,563 (+31.1%), from €229,970 to €301,533
of which Distributable reserves: +€71,563
- Tax, wage and social debts +€47,167
up €47,167 (+76.3%), from €61,817 to €108,984
of which Taxes: +€49,790
- Trade debts +€11,975
up €11,975 (+153%), from €7,833 to €19,808
- Debts after one year -€8,607
down €8,607 (-33.1%), from €26,031 to €17,424
- Gross operating margin -€270,438
down €270,438 (-41.6%), from €650,751 to €380,313
- Staff costs -€241,238
down €241,238 (-51.7%), from €466,976 to €225,738
- Taxes -€7,203
down €7,203 (-14.0%), from €51,544 to €44,341
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,535 | €476,887 | +€124,352 | +35.3% |
| Fixed assets | 21/28 | €122,021 | €100,179 | -€21,842 | -17.9% |
| Tangible fixed assets | 22/27 | €121,971 | €100,129 | -€21,842 | -17.9% |
| Plant, machinery and equipment | 23 | €5,756 | €3,309 | -€2,447 | -42.5% |
| Furniture and vehicles | 24 | €87,909 | €70,900 | -€17,009 | -19.3% |
| Other tangible fixed assets | 26 | €28,306 | €25,921 | -€2,385 | -8.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €230,514 | €376,709 | +€146,194 | +63.4% |
| Amounts receivable after more than one year | 29 | €120,907 | €160,178 | +€39,272 | +32.5% |
| Trade receivables | 290 | €120,907 | €160,178 | +€39,272 | +32.5% |
| Stocks and contracts in progress | 3 | €1,618 | €1,011 | -€607 | -37.5% |
| Stocks | 30/36 | €1,618 | €1,011 | -€607 | -37.5% |
| Amounts receivable within one year | 40/41 | €825 | €6,361 | +€5,535 | +671% |
| Trade receivables | 40 | €825 | €1,294 | +€469 | +56.8% |
| Other amounts receivable | 41 | - | €5,067 | +€5,067 | |
| Cash at bank and in hand | 54/58 | €96,013 | €198,993 | +€102,980 | +107% |
| Deferred charges and accrued income | 490/1 | €11,152 | €10,166 | -€986 | -8.8% |
| Total equity and liabilities | 10/49 | €352,535 | €476,887 | +€124,352 | +35.3% |
| Equity | 10/15 | €248,562 | €320,125 | +€71,563 | +28.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €229,970 | €301,533 | +€71,563 | +31.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €228,111 | €299,674 | +€71,563 | +31.4% |
| Amounts payable | 17/49 | €103,973 | €156,762 | +€52,789 | +50.8% |
| Amounts payable after more than one year | 17 | €26,031 | €17,424 | -€8,607 | -33.1% |
| Financial debts | 170/4 | €26,031 | €17,424 | -€8,607 | -33.1% |
| Amounts payable within one year | 42/48 | €77,942 | €137,399 | +€59,457 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €8,292 | €8,607 | +€316 | +3.8% |
| Trade debts | 44 | €7,833 | €19,808 | +€11,975 | +153% |
| Suppliers | 440/4 | €7,833 | €19,808 | +€11,975 | +153% |
| Taxes, remuneration and social security | 45 | €61,817 | €108,984 | +€47,167 | +76.3% |
| Taxes | 450/3 | €35,965 | €85,755 | +€49,790 | +138% |
| Remuneration and social security | 454/9 | €25,853 | €23,229 | -€2,623 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €1,939 | +€1,939 | |
| Remuneration, social security and pensions | 62 | €466,976 | €225,738 | -€241,238 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,915 | €32,085 | -€4,830 | -13.1% |
| Other operating charges | 640/8 | €5,967 | €4,443 | -€1,524 | -25.5% |
| Gross operating margin | 9900 | €650,751 | €380,313 | -€270,438 | -41.6% |
| Operating profit (loss) | 9901 | €140,892 | €118,047 | -€22,845 | -16.2% |
| Financial income | 75/76B | €2,438 | €3,533 | +€1,095 | +44.9% |
| Recurring financial income | 75 | €2,438 | €3,533 | +€1,095 | +44.9% |
| Financial charges | 65/66B | €7,810 | €5,675 | -€2,135 | -27.3% |
| Recurring financial charges | 65 | €7,810 | €5,675 | -€2,135 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €135,520 | €115,905 | -€19,616 | -14.5% |
| Income taxes | 67/77 | €51,544 | €44,341 | -€7,203 | -14.0% |
| Profit (loss) for the period | 9904 | €83,976 | €71,563 | -€12,413 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,976 | €71,563 | -€12,413 | -14.8% |
Next steps
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 4 November 2026 via checked.be.