R.M.C.A.: 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.
R.M.C.A.
Largest movements
- Cash +€105,855
up €105,855 (+58.9%), from €179,747 to €285,602
mainly Net result for the year (+€85,755) and Tax, wage and social debts (+€29,673)
- Receivables within one year -€26,669
down €26,669 (-58.9%), from €45,302 to €18,634
- Current investments +€24,471
new in 2025: €24,471
- Tangible fixed assets -€3,573
down €3,573 (-16.2%), from €22,029 to €18,456
of which Furniture and vehicles: -€13,360
- Reserves +€85,755
up €85,755 (+121%), from €71,154 to €156,909
- Other debts -€29,844
down €29,844 (-100%), from €29,844 to €0
- Tax, wage and social debts +€29,673
up €29,673 (+49.2%), from €60,360 to €90,032
- Advances received +€16,000
up €16,000 (+20.0%), from €80,000 to €96,000
- Gross operating margin +€30,313
up €30,313 (+28.9%), from €104,729 to €135,042
- Depreciation +€8,542
up €8,542 (+133%), from €6,402 to €14,944
- Taxes +€7,005
up €7,005 (+25.9%), from €26,999 to €34,005
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 | €247,079 | €348,023 | +€100,944 | +40.9% |
| Fixed assets | 21/28 | €22,029 | €18,456 | -€3,573 | -16.2% |
| Tangible fixed assets | 22/27 | €22,029 | €18,456 | -€3,573 | -16.2% |
| Plant, machinery and equipment | 23 | - | €9,787 | +€9,787 | |
| Furniture and vehicles | 24 | €22,029 | €8,669 | -€13,360 | -60.6% |
| Current assets | 29/58 | €225,050 | €329,567 | +€104,517 | +46.4% |
| Amounts receivable within one year | 40/41 | €45,302 | €18,634 | -€26,669 | -58.9% |
| Trade receivables | 40 | €45,302 | €18,634 | -€26,669 | -58.9% |
| Current investments | 50/53 | - | €24,471 | +€24,471 | |
| Cash at bank and in hand | 54/58 | €179,747 | €285,602 | +€105,855 | +58.9% |
| Deferred charges and accrued income | 490/1 | - | €860 | +€860 | |
| Total equity and liabilities | 10/49 | €247,079 | €348,023 | +€100,944 | +40.9% |
| Equity | 10/15 | €76,154 | €161,909 | +€85,755 | +113% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,154 | €156,909 | +€85,755 | +121% |
| Distributable reserves | 133 | €71,154 | €156,909 | +€85,755 | +121% |
| Amounts payable | 17/49 | €170,925 | €186,113 | +€15,189 | +8.9% |
| Amounts payable within one year | 42/48 | €170,925 | €186,113 | +€15,189 | +8.9% |
| Trade debts | 44 | €722 | €81 | -€641 | -88.8% |
| Suppliers | 440/4 | €722 | €81 | -€641 | -88.8% |
| Advances received on contracts in progress | 46 | €80,000 | €96,000 | +€16,000 | +20.0% |
| Taxes, remuneration and social security | 45 | €60,360 | €90,032 | +€29,673 | +49.2% |
| Taxes | 450/3 | €60,360 | €90,032 | +€29,673 | +49.2% |
| Other amounts payable | 47/48 | €29,844 | €0 | -€29,844 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,402 | €14,944 | +€8,542 | +133% |
| Other operating charges | 640/8 | €156 | €66 | -€90 | -57.8% |
| Gross operating margin | 9900 | €104,729 | €135,042 | +€30,313 | +28.9% |
| Operating profit (loss) | 9901 | €98,172 | €120,032 | +€21,861 | +22.3% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €19 | €278 | +€260 | +1,385% |
| Recurring financial charges | 65 | €19 | €278 | +€260 | +1,385% |
| Profit (loss) for the period before taxes | 9903 | €98,153 | €119,760 | +€21,607 | +22.0% |
| Income taxes | 67/77 | €26,999 | €34,005 | +€7,005 | +25.9% |
| Profit (loss) for the period | 9904 | €71,154 | €85,755 | +€14,602 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,154 | €85,755 | +€14,602 | +20.5% |
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 16 October 2026 via checked.be.