R & M Management: 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 Management
Largest movements
- Cash -€5,882
down €5,882 (-59.1%), from €9,948 to €4,067
mainly Net result for the year (-€12,765) and Investment in fixed assets (net) (-€3,946)
- Tangible fixed assets +€3,255
new in 2025: €3,255
- Receivables within one year -€3,173
down €3,173 (-69.8%), from €4,542 to €1,370
of which Trade receivables: -€3,173
- Deferred charges and accrued income +€695
up €695 (+153%), from €454 to €1,148
- Profit (loss) carried forward -€12,765
new in 2025: -€12,765
- Other debts +€8,925
up €8,925 (+127%), from €7,037 to €15,962
- Tax, wage and social debts -€775
down €775 (-37.2%), from €2,082 to €1,308
- Trade debts -€490
down €490 (-43.1%), from €1,138 to €648
- Gross operating margin -€19,589
down €19,589, from €8,030 to -€11,559
- Depreciation -€2,773
down €2,773 (-80.0%), from €3,464 to €691
- Taxes -€1,841
no longer reported in 2025 (was €1,841)
- Other operating charges +€464
new in 2025: €464
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 | €14,944 | €9,840 | -€5,104 | -34.2% |
| Fixed assets | 21/28 | - | €3,255 | +€3,255 | |
| Tangible fixed assets | 22/27 | - | €3,255 | +€3,255 | |
| Furniture and vehicles | 24 | - | €3,255 | +€3,255 | |
| Current assets | 29/58 | €14,944 | €6,585 | -€8,360 | -55.9% |
| Amounts receivable within one year | 40/41 | €4,542 | €1,370 | -€3,173 | -69.8% |
| Trade receivables | 40 | €4,529 | €1,356 | -€3,173 | -70.1% |
| Other amounts receivable | 41 | €13 | €13 | +€0 | +3.4% |
| Cash at bank and in hand | 54/58 | €9,948 | €4,067 | -€5,882 | -59.1% |
| Deferred charges and accrued income | 490/1 | €454 | €1,148 | +€695 | +153% |
| Total equity and liabilities | 10/49 | €14,944 | €9,840 | -€5,104 | -34.2% |
| Equity | 10/15 | €4,687 | -€8,078 | -€12,765 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,687 | €2,687 | = | 0.0% |
| Distributable reserves | 133 | €2,687 | €2,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,765 | -€12,765 | |
| Amounts payable | 17/49 | €10,257 | €17,918 | +€7,661 | +74.7% |
| Amounts payable within one year | 42/48 | €10,257 | €17,918 | +€7,661 | +74.7% |
| Trade debts | 44 | €1,138 | €648 | -€490 | -43.1% |
| Suppliers | 440/4 | €1,138 | €648 | -€490 | -43.1% |
| Taxes, remuneration and social security | 45 | €2,082 | €1,308 | -€775 | -37.2% |
| Taxes | 450/3 | €2,082 | €1,308 | -€775 | -37.2% |
| Other amounts payable | 47/48 | €7,037 | €15,962 | +€8,925 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,464 | €691 | -€2,773 | -80.0% |
| Other operating charges | 640/8 | - | €464 | +€464 | |
| Gross operating margin | 9900 | €8,030 | -€11,559 | -€19,589 | |
| Operating profit (loss) | 9901 | €4,566 | -€12,714 | -€17,280 | |
| Financial charges | 65/66B | €38 | €51 | +€13 | +34.3% |
| Recurring financial charges | 65 | €38 | €51 | +€13 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €4,528 | -€12,765 | -€17,293 | |
| Income taxes | 67/77 | €1,841 | - | -€1,841 | |
| Profit (loss) for the period | 9904 | €2,687 | -€12,765 | -€15,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,687 | -€12,765 | -€15,452 |
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 23 October 2026 via checked.be.