R.M.D. Trade: what changed
R.M.D. Trade
Largest movements
- Tangible fixed assets +€117,452
up €117,452 (+30.6%), from €384,129 to €501,581
of which Assets under construction and advance payments: +€109,034
- Receivables within one year -€20,858
down €20,858 (-23.1%), from €90,123 to €69,265
of which Trade receivables: -€21,361
- Cash -€9,174
down €9,174 (-27.0%), from €33,930 to €24,757
mainly Investment in fixed assets (net) (-€120,135) and Debts after one year (-€14,115)
- Reserves +€68,539
up €68,539 (+46.9%), from €145,993 to €214,532
- Tax, wage and social debts +€24,365
up €24,365 (+98.4%), from €24,757 to €49,122
of which Taxes: +€25,865
- Debts after one year -€14,115
down €14,115 (-5.0%), from €284,316 to €270,200
- Current portion of long-term debt +€7,417
up €7,417 (+15.7%), from €47,332 to €54,750
- Gross operating margin +€57,734
up €57,734 (+96.5%), from €59,853 to €117,588
- Taxes +€17,627
up €17,627 (+130%), from €13,519 to €31,146
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,252 | €600,326 | +€89,074 | +17.4% |
| Fixed assets | 21/28 | €384,379 | €501,831 | +€117,452 | +30.6% |
| Tangible fixed assets | 22/27 | €384,129 | €501,581 | +€117,452 | +30.6% |
| Land and buildings | 22 | €84,525 | €84,525 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,485 | €10,802 | +€9,317 | +627% |
| Furniture and vehicles | 24 | €2,322 | €1,423 | -€899 | -38.7% |
| Assets under construction and advance payments | 27 | €295,796 | €404,831 | +€109,034 | +36.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €126,874 | €98,495 | -€28,378 | -22.4% |
| Amounts receivable within one year | 40/41 | €90,123 | €69,265 | -€20,858 | -23.1% |
| Trade receivables | 40 | €63,844 | €42,483 | -€21,361 | -33.5% |
| Other amounts receivable | 41 | €26,278 | €26,781 | +€503 | +1.9% |
| Cash at bank and in hand | 54/58 | €33,930 | €24,757 | -€9,174 | -27.0% |
| Deferred charges and accrued income | 490/1 | €2,821 | €4,474 | +€1,654 | +58.6% |
| Total equity and liabilities | 10/49 | €511,252 | €600,326 | +€89,074 | +17.4% |
| Equity | 10/15 | €152,193 | €220,732 | +€68,539 | +45.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,993 | €214,532 | +€68,539 | +46.9% |
| Distributable reserves | 133 | €145,993 | €214,532 | +€68,539 | +46.9% |
| Amounts payable | 17/49 | €359,059 | €379,594 | +€20,535 | +5.7% |
| Amounts payable after more than one year | 17 | €284,316 | €270,200 | -€14,115 | -5.0% |
| Financial debts | 170/4 | €284,316 | €270,200 | -€14,115 | -5.0% |
| Amounts payable within one year | 42/48 | €74,743 | €107,894 | +€33,150 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €47,332 | €54,750 | +€7,417 | +15.7% |
| Trade debts | 44 | €2,654 | €4,022 | +€1,368 | +51.6% |
| Suppliers | 440/4 | €2,654 | €4,022 | +€1,368 | +51.6% |
| Taxes, remuneration and social security | 45 | €24,757 | €49,122 | +€24,365 | +98.4% |
| Taxes | 450/3 | €23,257 | €49,122 | +€25,865 | +111% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,508 | €2,682 | +€175 | +7.0% |
| Other operating charges | 640/8 | €2,412 | €2,093 | -€320 | -13.3% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €59,853 | €117,588 | +€57,734 | +96.5% |
| Operating profit (loss) | 9901 | €54,924 | €112,812 | +€57,888 | +105% |
| Financial income | 75/76B | €2,233 | €1,699 | -€534 | -23.9% |
| Recurring financial income | 75 | €2,233 | €1,699 | -€534 | -23.9% |
| Financial charges | 65/66B | €14,269 | €14,827 | +€558 | +3.9% |
| Recurring financial charges | 65 | €14,269 | €14,827 | +€558 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €42,889 | €99,685 | +€56,796 | +132% |
| Income taxes | 67/77 | €13,519 | €31,146 | +€17,627 | +130% |
| Profit (loss) for the period | 9904 | €29,370 | €68,539 | +€39,169 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €29,370 | €68,539 | +€39,169 | +133% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.