RS+: 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.
RS+
Largest movements
- Cash +€85,663
up €85,663 (+578%), from €14,825 to €100,488
mainly Net result for the year (+€120,121) and Tax, wage and social debts (+€28,627)
- Current investments +€59,670
new in 2025: €59,670
- Tangible fixed assets -€26,448
down €26,448 (-65.3%), from €40,521 to €14,073
of which Furniture and vehicles: -€26,448
- Receivables within one year -€2,400
down €2,400 (-16.9%), from €14,157 to €11,758
- Reserves +€119,288
up €119,288 (+678%), from €17,586 to €136,874
- Tax, wage and social debts +€28,627
up €28,627 (+236%), from €12,149 to €40,776
- Debts after one year -€19,386
down €19,386 (-100%), from €19,386 to €0
- Current portion of long-term debt -€6,526
down €6,526 (-100%), from €6,526 to €0
- Other debts -€5,975
down €5,975 (-53.2%), from €11,220 to €5,246
- Gross operating margin +€145,164
up €145,164 (+558%), from €26,019 to €171,183
- Taxes +€30,170
up €30,170 (+559%), from €5,398 to €35,568
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 | €69,876 | €186,435 | +€116,559 | +167% |
| Fixed assets | 21/28 | €40,895 | €14,073 | -€26,822 | -65.6% |
| Intangible fixed assets | 21 | €374 | €0 | -€374 | -100% |
| Tangible fixed assets | 22/27 | €40,521 | €14,073 | -€26,448 | -65.3% |
| Furniture and vehicles | 24 | €27,021 | €573 | -€26,448 | -97.9% |
| Other tangible fixed assets | 26 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €28,982 | €172,362 | +€143,381 | +495% |
| Amounts receivable within one year | 40/41 | €14,157 | €11,758 | -€2,400 | -16.9% |
| Trade receivables | 40 | €14,157 | €11,758 | -€2,400 | -16.9% |
| Current investments | 50/53 | - | €59,670 | +€59,670 | |
| Cash at bank and in hand | 54/58 | €14,825 | €100,488 | +€85,663 | +578% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €69,876 | €186,435 | +€116,559 | +167% |
| Equity | 10/15 | €20,586 | €139,874 | +€119,288 | +579% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,586 | €136,874 | +€119,288 | +678% |
| Distributable reserves | 133 | €17,586 | €136,874 | +€119,288 | +678% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,291 | €46,561 | -€2,729 | -5.5% |
| Amounts payable after more than one year | 17 | €19,386 | €0 | -€19,386 | -100% |
| Financial debts | 170/4 | €19,386 | €0 | -€19,386 | -100% |
| Amounts payable within one year | 42/48 | €29,905 | €46,561 | +€16,656 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €6,526 | €0 | -€6,526 | -100% |
| Trade debts | 44 | €9 | €540 | +€530 | +5,600% |
| Suppliers | 440/4 | €9 | €540 | +€530 | +5,600% |
| Taxes, remuneration and social security | 45 | €12,149 | €40,776 | +€28,627 | +236% |
| Taxes | 450/3 | €12,149 | €40,776 | +€28,627 | +236% |
| Other amounts payable | 47/48 | €11,220 | €5,246 | -€5,975 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,588 | €709 | -€879 | -55.4% |
| Other operating charges | 640/8 | €50 | €333 | +€283 | +565% |
| Non-recurring operating charges | 66A | - | €12,891 | +€12,891 | |
| Gross operating margin | 9900 | €26,019 | €171,183 | +€145,164 | +558% |
| Operating profit (loss) | 9901 | €24,381 | €157,252 | +€132,871 | +545% |
| Financial income | 75/76B | €1 | €13 | +€12 | +2,023% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +2,023% |
| Financial charges | 65/66B | €565 | €1,576 | +€1,010 | +179% |
| Recurring financial charges | 65 | €565 | €1,576 | +€1,010 | +179% |
| Profit (loss) for the period before taxes | 9903 | €23,816 | €155,689 | +€131,872 | +554% |
| Income taxes | 67/77 | €5,398 | €35,568 | +€30,170 | +559% |
| Profit (loss) for the period | 9904 | €18,419 | €120,121 | +€101,702 | +552% |
| Profit (loss) for the period to be appropriated | 9905 | €18,419 | €120,121 | +€101,702 | +552% |
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 24 October 2026 via checked.be.