R.E.M.P.: 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.
R.E.M.P.
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+98.9%), from €1.7m to €3.4m
of which Other amounts receivable: +€1.9m
- Stocks and contracts +€404,583
up €404,583 (+33.0%), from €1.2m to €1.6m
of which Contracts in progress: +€942,816
- Cash -€168,278
down €168,278 (-20.7%), from €812,583 to €644,305
mainly Receivables within one year (-€1.7m) and Other debts (-€704,274)
- Advances received +€1.8m
up €1.8m (+76595.8%), from €2,400 to €1.8m
- Reserves +€986,974
up €986,974 (+61.6%), from €1.6m to €2.6m
of which Distributable reserves: +€989,793
- Other debts -€704,274
down €704,274 (-57.9%), from €1.2m to €512,819
- Current portion of long-term debt -€467,521
down €467,521 (-100.0%), from €467,521 to €0
- Tax, wage and social debts +€283,982
up €283,982 (+229.6%), from €123,680 to €407,662
of which Taxes: +€283,982
- Gross operating margin +€363,290
up €363,290 (+81.0%), from €448,374 to €811,665
- Financial income -€167,246
down €167,246 (-22.8%), from €732,955 to €565,709
- Taxes +€107,974
up €107,974 (+56.8%), from €190,065 to €298,039
- Financial charges -€30,823
down €30,823 (-27.2%), from €113,447 to €82,624
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 | €5,153,939 | €7,034,713 | +€1.9m | +36.5% |
| Fixed assets | 21/28 | €1,384,792 | €1,323,515 | -€61,277 | -4.4% |
| Tangible fixed assets | 22/27 | €1,211,266 | €1,149,989 | -€61,277 | -5.1% |
| Land and buildings | 22 | €1,190,396 | €1,146,401 | -€43,995 | -3.7% |
| Plant, machinery and equipment | 23 | €4,129 | €418 | -€3,711 | -89.9% |
| Furniture and vehicles | 24 | €16,742 | €3,170 | -€13,571 | -81.1% |
| Financial fixed assets | 28 | €173,525 | €173,525 | = | 0.0% |
| Current assets | 29/58 | €3,769,148 | €5,711,199 | +€1.9m | +51.5% |
| Stocks and contracts in progress | 3 | €1,226,623 | €1,631,206 | +€404,583 | +33.0% |
| Stocks | 30/36 | €921,453 | €383,219 | -€538,233 | -58.4% |
| Contracts in progress | 37 | €305,170 | €1,247,987 | +€942,816 | +308.9% |
| Amounts receivable within one year | 40/41 | €1,725,017 | €3,430,735 | +€1.7m | +98.9% |
| Trade receivables | 40 | €300,974 | €113,001 | -€187,972 | -62.5% |
| Other amounts receivable | 41 | €1,424,043 | €3,317,734 | +€1.9m | +133.0% |
| Cash at bank and in hand | 54/58 | €812,583 | €644,305 | -€168,278 | -20.7% |
| Deferred charges and accrued income | 490/1 | €4,926 | €4,952 | +€27 | +0.5% |
| Total equity and liabilities | 10/49 | €5,153,939 | €7,034,713 | +€1.9m | +36.5% |
| Equity | 10/15 | €2,310,523 | €3,297,497 | +€986,974 | +42.7% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Capital | 10 | €318,600 | €318,600 | = | 0.0% |
| Issued capital | 100 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €1,601,482 | €2,588,456 | +€986,974 | +61.6% |
| Non-distributable reserves | 130/1 | €31,860 | €31,860 | = | 0.0% |
| Legal reserve | 130 | €31,860 | €31,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,221 | €40,402 | -€2,819 | -6.5% |
| Distributable reserves | 133 | €1,526,401 | €2,516,194 | +€989,793 | +64.8% |
| Profit (loss) carried forward | 14 | €390,441 | €390,441 | = | 0.0% |
| Provisions and deferred taxes | 16 | €134,767 | €13,467 | -€121,300 | -90.0% |
| Provisions for liabilities and charges | 160/5 | €120,361 | €0 | -€120,361 | -100.0% |
| Pensions and similar obligations | 160 | €120,361 | €0 | -€120,361 | -100.0% |
| Deferred taxes | 168 | €14,407 | €13,467 | -€940 | -6.5% |
| Amounts payable | 17/49 | €2,708,649 | €3,723,749 | +€1.0m | +37.5% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,814,835 | €2,850,074 | +€1.0m | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €467,521 | €0 | -€467,521 | -100.0% |
| Trade debts | 44 | €4,140 | €88,893 | +€84,753 | +2047.1% |
| Suppliers | 440/4 | €4,140 | €88,893 | +€84,753 | +2047.1% |
| Advances received on contracts in progress | 46 | €2,400 | €1,840,700 | +€1.8m | +76595.8% |
| Taxes, remuneration and social security | 45 | €123,680 | €407,662 | +€283,982 | +229.6% |
| Taxes | 450/3 | €121,030 | €405,012 | +€283,982 | +234.6% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €1,217,093 | €512,819 | -€704,274 | -57.9% |
| Accrued charges and deferred income | 492/3 | €93,815 | €73,675 | -€20,139 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,901 | €61,277 | -€5,624 | -8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€124,050 | -€120,361 | +€3,690 | +3.0% |
| Other operating charges | 640/8 | €14,325 | €9,761 | -€4,564 | -31.9% |
| Gross operating margin | 9900 | €448,374 | €811,665 | +€363,290 | +81.0% |
| Operating profit (loss) | 9901 | €491,199 | €860,987 | +€369,788 | +75.3% |
| Financial income | 75/76B | €732,955 | €565,709 | -€167,246 | -22.8% |
| Recurring financial income | 75 | €732,955 | €565,709 | -€167,246 | -22.8% |
| Financial charges | 65/66B | €113,447 | €82,624 | -€30,823 | -27.2% |
| Recurring financial charges | 65 | €113,447 | €82,624 | -€30,823 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €1,110,708 | €1,344,073 | +€233,366 | +21.0% |
| Transfer from deferred taxes | 780 | €940 | €940 | = | 0.0% |
| Income taxes | 67/77 | €190,065 | €298,039 | +€107,974 | +56.8% |
| Profit (loss) for the period | 9904 | €921,583 | €1,046,974 | +€125,391 | +13.6% |
| Transfer from tax-exempt reserves | 789 | €2,819 | €2,819 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €924,401 | €1,049,793 | +€125,391 | +13.6% |
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 3 October 2026 via checked.be.