R.M.R.: 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.R.
Largest movements
- Tangible fixed assets -€500,691
down €500,691 (-9.8%), from €5.1m to €4.6m
of which Land and buildings: -€497,908
- Receivables within one year -€63,120
down €63,120 (-18.8%), from €335,310 to €272,190
of which Other amounts receivable: -€32,111
- Debts after one year -€854,856
down €854,856 (-21.3%), from €4.0m to €3.2m
of which Financial debts: -€855,066
- Profit (loss) carried forward +€329,765
up €329,765 (+85.3%), from -€386,700 to -€56,935
- Reserves -€163,571
down €163,571 (-15.6%), from €1.1m to €888,300
of which Tax-exempt reserves: -€163,571
- Tax, wage and social debts +€113,011
up €113,011 (+10,956%), from €1,031 to €114,042
- Provisions -€80,803
down €80,803 (-15.5%), from €522,277 to €441,475
- Gross operating margin +€250,179
up €250,179 (+70.1%), from €356,882 to €607,061
- Taxes +€113,011
up €113,011 (+364%), from €31,031 to €144,042
- Depreciation -€15,921
down €15,921 (-8.1%), from €197,773 to €181,852
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 | €5,473,465 | €4,898,224 | -€575,241 | -10.5% |
| Fixed assets | 21/28 | €5,108,461 | €4,607,771 | -€500,691 | -9.8% |
| Tangible fixed assets | 22/27 | €5,108,461 | €4,607,771 | -€500,691 | -9.8% |
| Land and buildings | 22 | €5,098,903 | €4,600,995 | -€497,908 | -9.8% |
| Furniture and vehicles | 24 | €9,558 | €6,776 | -€2,782 | -29.1% |
| Current assets | 29/58 | €365,004 | €290,453 | -€74,550 | -20.4% |
| Amounts receivable within one year | 40/41 | €335,310 | €272,190 | -€63,120 | -18.8% |
| Trade receivables | 40 | €39,724 | €8,716 | -€31,009 | -78.1% |
| Other amounts receivable | 41 | €295,586 | €263,475 | -€32,111 | -10.9% |
| Cash at bank and in hand | 54/58 | €14,471 | €2,574 | -€11,897 | -82.2% |
| Deferred charges and accrued income | 490/1 | €15,223 | €15,689 | +€466 | +3.1% |
| Total equity and liabilities | 10/49 | €5,473,465 | €4,898,224 | -€575,241 | -10.5% |
| Equity | 10/15 | €683,763 | €849,957 | +€166,194 | +24.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,051,871 | €888,300 | -€163,571 | -15.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,050,011 | €886,441 | -€163,571 | -15.6% |
| Profit (loss) carried forward | 14 | -€386,700 | -€56,935 | +€329,765 | +85.3% |
| Provisions and deferred taxes | 16 | €522,277 | €441,475 | -€80,803 | -15.5% |
| Deferred taxes | 168 | €522,277 | €441,475 | -€80,803 | -15.5% |
| Amounts payable | 17/49 | €4,267,424 | €3,606,793 | -€660,632 | -15.5% |
| Amounts payable after more than one year | 17 | €4,011,709 | €3,156,854 | -€854,856 | -21.3% |
| Financial debts | 170/4 | €3,987,669 | €3,132,604 | -€855,066 | -21.4% |
| Other amounts payable | 178/9 | €24,040 | €24,250 | +€210 | +0.9% |
| Amounts payable within one year | 42/48 | €247,904 | €443,683 | +€195,779 | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €169,592 | €242,716 | +€73,124 | +43.1% |
| Financial debts | 43 | €15,342 | €28,526 | +€13,184 | +85.9% |
| Credit institutions | 430/8 | €15,342 | €28,526 | +€13,184 | +85.9% |
| Trade debts | 44 | €61,939 | €58,399 | -€3,540 | -5.7% |
| Suppliers | 440/4 | €61,939 | €58,399 | -€3,540 | -5.7% |
| Taxes, remuneration and social security | 45 | €1,031 | €114,042 | +€113,011 | +10,956% |
| Taxes | 450/3 | €1,031 | €114,042 | +€113,011 | +10,956% |
| Accrued charges and deferred income | 492/3 | €7,811 | €6,256 | -€1,555 | -19.9% |
| Non-recurring operating income | 76A | €6,357 | €438,979 | +€432,622 | +6,806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,773 | €181,852 | -€15,921 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€363 | -€3,382 | -€3,019 | -832% |
| Other operating charges | 640/8 | €30,520 | €26,175 | -€4,345 | -14.2% |
| Non-recurring operating charges | 66A | - | €80,682 | +€80,682 | |
| Gross operating margin | 9900 | €356,882 | €607,061 | +€250,179 | +70.1% |
| Operating profit (loss) | 9901 | €128,952 | €321,734 | +€192,781 | +149% |
| Financial income | 75/76B | €19,811 | €14,503 | -€5,308 | -26.8% |
| Recurring financial income | 75 | €19,811 | €14,503 | -€5,308 | -26.8% |
| Financial charges | 65/66B | €107,985 | €106,803 | -€1,181 | -1.1% |
| Recurring financial charges | 65 | €107,985 | €106,803 | -€1,181 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €40,779 | €229,433 | +€188,655 | +463% |
| Transfer from deferred taxes | 780 | €20,319 | €80,803 | +€60,484 | +298% |
| Income taxes | 67/77 | €31,031 | €144,042 | +€113,011 | +364% |
| Profit (loss) for the period | 9904 | €30,066 | €166,194 | +€136,128 | +453% |
| Transfer from tax-exempt reserves | 789 | €40,761 | €163,571 | +€122,810 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €70,827 | €329,765 | +€258,938 | +366% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.