R.M.A.: 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.M.A.
Largest movements
- Intangible fixed assets -€324,062
no longer reported in 2024 (was €324,062)
- Current investments +€100,000
new in 2024: €100,000
- Receivables after one year +€78,400
new in 2024: €78,400
- Receivables within one year -€57,011
down €57,011 (-48.6%), from €117,342 to €60,331
of which Other amounts receivable: -€72,209
- Cash +€35,797
up €35,797 (+220.4%), from €16,242 to €52,039
mainly Investment in fixed assets (net) (+€324,062) and Net result for the year (+€137,055)
- Debts after one year -€198,340
down €198,340 (-55.7%), from €355,808 to €157,468
- Profit (loss) carried forward +€137,055
up €137,055, from -€50,604 to €86,451
- Other debts -€104,130
down €104,130 (-95.0%), from €109,621 to €5,491
- Current portion of long-term debt -€40,312
down €40,312 (-65.7%), from €61,356 to €21,045
- Tax, wage and social debts +€37,631
up €37,631 (+287.1%), from €13,107 to €50,737
of which Taxes: +€49,926
- Gross operating margin +€224,200
up €224,200 (+138.9%), from €161,385 to €385,585
- Write-downs +€72,209
new in 2024: €72,209
- Depreciation -€64,743
down €64,743 (-71.6%), from €90,470 to €25,727
- Financial charges +€60,685
up €60,685 (+483.6%), from €12,548 to €73,233
- Taxes +€50,563
up €50,563 (+29056.1%), from €174 to €50,737
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,546 | €341,944 | -€192,603 | -36.0% |
| Fixed assets | 21/28 | €400,962 | €51,173 | -€349,789 | -87.2% |
| Intangible fixed assets | 21 | €324,062 | - | -€324,062 | |
| Tangible fixed assets | 22/27 | €76,901 | €51,173 | -€25,727 | -33.5% |
| Land and buildings | 22 | €76,339 | €50,893 | -€25,446 | -33.3% |
| Plant, machinery and equipment | 23 | €561 | €281 | -€281 | -50.0% |
| Current assets | 29/58 | €133,584 | €290,770 | +€157,186 | +117.7% |
| Amounts receivable after more than one year | 29 | - | €78,400 | +€78,400 | |
| Trade receivables | 290 | - | €78,400 | +€78,400 | |
| Amounts receivable within one year | 40/41 | €117,342 | €60,331 | -€57,011 | -48.6% |
| Trade receivables | 40 | €44,908 | €60,106 | +€15,198 | +33.8% |
| Other amounts receivable | 41 | €72,434 | €226 | -€72,209 | -99.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €16,242 | €52,039 | +€35,797 | +220.4% |
| Total equity and liabilities | 10/49 | €534,546 | €341,944 | -€192,603 | -36.0% |
| Equity | 10/15 | -€43,904 | €93,151 | +€137,055 | |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,604 | €86,451 | +€137,055 | |
| Amounts payable | 17/49 | €578,450 | €248,792 | -€329,657 | -57.0% |
| Amounts payable after more than one year | 17 | €355,808 | €157,468 | -€198,340 | -55.7% |
| Financial debts | 170/4 | €355,808 | €157,468 | -€198,340 | -55.7% |
| Amounts payable within one year | 42/48 | €222,642 | €91,324 | -€131,317 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €61,356 | €21,045 | -€40,312 | -65.7% |
| Financial debts | 43 | €5,096 | €4,254 | -€842 | -16.5% |
| Credit institutions | 430/8 | €5,096 | €4,254 | -€842 | -16.5% |
| Trade debts | 44 | €33,462 | €9,797 | -€23,665 | -70.7% |
| Suppliers | 440/4 | €33,462 | €9,797 | -€23,665 | -70.7% |
| Taxes, remuneration and social security | 45 | €13,107 | €50,737 | +€37,631 | +287.1% |
| Taxes | 450/3 | €812 | €50,737 | +€49,926 | +6150.0% |
| Remuneration and social security | 454/9 | €12,295 | - | -€12,295 | |
| Other amounts payable | 47/48 | €109,621 | €5,491 | -€104,130 | -95.0% |
| Non-recurring operating income | 76A | - | €375,938 | +€375,938 | |
| Remuneration, social security and pensions | 62 | €49,889 | €20,876 | -€29,012 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,470 | €25,727 | -€64,743 | -71.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €72,209 | +€72,209 | |
| Other operating charges | 640/8 | €5,430 | €5,758 | +€328 | +6.0% |
| Gross operating margin | 9900 | €161,385 | €385,585 | +€224,200 | +138.9% |
| Operating profit (loss) | 9901 | €15,596 | €261,015 | +€245,419 | +1573.6% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €12,548 | €73,233 | +€60,685 | +483.6% |
| Recurring financial charges | 65 | €12,548 | €73,233 | +€60,685 | +483.6% |
| Profit (loss) for the period before taxes | 9903 | €3,048 | €187,792 | +€184,744 | +6061.4% |
| Income taxes | 67/77 | €174 | €50,737 | +€50,563 | +29056.1% |
| Profit (loss) for the period | 9904 | €2,874 | €137,055 | +€134,181 | +4669.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,874 | €137,055 | +€134,181 | +4669.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.