R&M CONSULT: 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 CONSULT
Largest movements
- Cash +€110,907
up €110,907 (+79.0%), from €140,407 to €251,314
mainly Net result for the year (+€156,373) and Current investments (+€99,924)
- Current investments -€99,924
down €99,924 (-100%), from €99,924 to €0
- Tangible fixed assets -€15,341
down €15,341 (-19.1%), from €80,170 to €64,828
of which Furniture and vehicles: -€25,829
- Receivables within one year +€14,253
up €14,253 (+25.1%), from €56,834 to €71,086
of which Other amounts receivable: +€11,139
- Profit (loss) carried forward +€35,323
up €35,323 (+981%), from €3,600 to €38,923
- Provisions -€32,609
down €32,609 (-100%), from €32,609 to €0
- Debts after one year -€24,010
down €24,010 (-100%), from €24,010 to €0
- Reserves +€21,050
up €21,050 (+8.1%), from €260,000 to €281,050
of which Tax-exempt reserves: +€21,050
- Accrued charges and deferred income -€19,976
down €19,976 (-100%), from €19,976 to €0
- Provisions -€50,417
down €50,417, from €17,809 to -€32,609
- Gross operating margin +€27,535
up €27,535 (+15.9%), from €172,827 to €200,362
- Depreciation -€13,165
down €13,165 (-41.7%), from €31,562 to €18,397
- Financial charges +€5,666
up €5,666 (+29.4%), from €19,266 to €24,932
- Financial income +€3,902
up €3,902 (+10,235%), from €38 to €3,940
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 | €381,346 | €390,046 | +€8,700 | +2.3% |
| Fixed assets | 21/28 | €80,170 | €64,828 | -€15,341 | -19.1% |
| Tangible fixed assets | 22/27 | €80,170 | €64,828 | -€15,341 | -19.1% |
| Furniture and vehicles | 24 | €76,231 | €50,402 | -€25,829 | -33.9% |
| Other tangible fixed assets | 26 | €3,939 | €14,426 | +€10,487 | +266% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €301,176 | €325,218 | +€24,042 | +8.0% |
| Amounts receivable within one year | 40/41 | €56,834 | €71,086 | +€14,253 | +25.1% |
| Trade receivables | 40 | €49,614 | €52,728 | +€3,114 | +6.3% |
| Other amounts receivable | 41 | €7,220 | €18,359 | +€11,139 | +154% |
| Current investments | 50/53 | €99,924 | €0 | -€99,924 | -100% |
| Cash at bank and in hand | 54/58 | €140,407 | €251,314 | +€110,907 | +79.0% |
| Deferred charges and accrued income | 490/1 | €4,012 | €2,818 | -€1,194 | -29.8% |
| Total equity and liabilities | 10/49 | €381,346 | €390,046 | +€8,700 | +2.3% |
| Equity | 10/15 | €266,100 | €322,473 | +€56,373 | +21.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €260,000 | €281,050 | +€21,050 | +8.1% |
| Tax-exempt reserves | 132 | - | €21,050 | +€21,050 | |
| Distributable reserves | 133 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,600 | €38,923 | +€35,323 | +981% |
| Provisions and deferred taxes | 16 | €32,609 | €0 | -€32,609 | -100% |
| Provisions for liabilities and charges | 160/5 | €32,609 | €0 | -€32,609 | -100% |
| Other liabilities and charges | 164/5 | €32,609 | €0 | -€32,609 | -100% |
| Amounts payable | 17/49 | €82,637 | €67,573 | -€15,064 | -18.2% |
| Amounts payable after more than one year | 17 | €24,010 | €0 | -€24,010 | -100% |
| Financial debts | 170/4 | €24,010 | €0 | -€24,010 | -100% |
| Amounts payable within one year | 42/48 | €38,652 | €67,573 | +€28,922 | +74.8% |
| Current portion of amounts payable after more than one year | 42 | €25,078 | €24,010 | -€1,068 | -4.3% |
| Trade debts | 44 | €643 | €1,090 | +€447 | +69.6% |
| Suppliers | 440/4 | €643 | €1,090 | +€447 | +69.6% |
| Taxes, remuneration and social security | 45 | €12,098 | €21,914 | +€9,815 | +81.1% |
| Taxes | 450/3 | €12,098 | €21,914 | +€9,815 | +81.1% |
| Other amounts payable | 47/48 | €833 | €20,560 | +€19,727 | +2,368% |
| Accrued charges and deferred income | 492/3 | €19,976 | €0 | -€19,976 | -100% |
| Non-recurring operating income | 76A | - | €13,743 | +€13,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,562 | €18,397 | -€13,165 | -41.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,809 | -€32,609 | -€50,417 | |
| Other operating charges | 640/8 | €447 | €772 | +€325 | +72.8% |
| Non-recurring operating charges | 66A | - | €833 | +€833 | |
| Gross operating margin | 9900 | €172,827 | €200,362 | +€27,535 | +15.9% |
| Operating profit (loss) | 9901 | €123,009 | €212,969 | +€89,960 | +73.1% |
| Financial income | 75/76B | €38 | €3,940 | +€3,902 | +10,235% |
| Recurring financial income | 75 | €38 | €3,940 | +€3,902 | +10,235% |
| Financial charges | 65/66B | €19,266 | €24,932 | +€5,666 | +29.4% |
| Recurring financial charges | 65 | €19,266 | €24,932 | +€5,666 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €103,781 | €191,977 | +€88,195 | +85.0% |
| Income taxes | 67/77 | €33,708 | €35,604 | +€1,896 | +5.6% |
| Profit (loss) for the period | 9904 | €70,074 | €156,373 | +€86,299 | +123% |
| Transfer to tax-exempt reserves | 689 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,074 | €135,323 | +€65,249 | +93.1% |
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 30 October 2026 via checked.be.