R&M Venture: 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 Venture
Largest movements
- Cash +€154,086
up €154,086 (+59.9%), from €257,087 to €411,173
mainly Net result for the year (+€149,024) and Receivables within one year (+€28,282)
- Receivables within one year -€28,282
down €28,282 (-36.8%), from €76,940 to €48,658
of which Trade receivables: -€35,589
- Profit (loss) carried forward +€134,174
up €134,174 (+51.8%), from €259,115 to €393,289
- Tax, wage and social debts -€13,250
down €13,250 (-19.1%), from €69,391 to €56,141
- Gross operating margin -€53,984
down €53,984 (-21.9%), from €246,695 to €192,711
- Taxes -€13,232
down €13,232 (-24.6%), from €53,772 to €40,540
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 | €343,980 | €466,178 | +€122,198 | +35.5% |
| Fixed assets | 21/28 | €9,661 | €5,909 | -€3,752 | -38.8% |
| Tangible fixed assets | 22/27 | €9,661 | €5,909 | -€3,752 | -38.8% |
| Furniture and vehicles | 24 | €9,661 | €5,909 | -€3,752 | -38.8% |
| Current assets | 29/58 | €334,319 | €460,270 | +€125,950 | +37.7% |
| Amounts receivable within one year | 40/41 | €76,940 | €48,658 | -€28,282 | -36.8% |
| Trade receivables | 40 | €58,810 | €23,220 | -€35,589 | -60.5% |
| Other amounts receivable | 41 | €18,130 | €25,437 | +€7,307 | +40.3% |
| Cash at bank and in hand | 54/58 | €257,087 | €411,173 | +€154,086 | +59.9% |
| Deferred charges and accrued income | 490/1 | €292 | €439 | +€147 | +50.3% |
| Total equity and liabilities | 10/49 | €343,980 | €466,178 | +€122,198 | +35.5% |
| Equity | 10/15 | €261,115 | €395,289 | +€134,174 | +51.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,115 | €393,289 | +€134,174 | +51.8% |
| Amounts payable | 17/49 | €82,865 | €70,889 | -€11,976 | -14.5% |
| Amounts payable within one year | 42/48 | €82,865 | €70,889 | -€11,976 | -14.5% |
| Trade debts | 44 | €1,474 | - | -€1,474 | |
| Suppliers | 440/4 | €1,474 | - | -€1,474 | |
| Taxes, remuneration and social security | 45 | €69,391 | €56,141 | -€13,250 | -19.1% |
| Taxes | 450/3 | €69,391 | €56,141 | -€13,250 | -19.1% |
| Other amounts payable | 47/48 | €12,000 | €14,748 | +€2,748 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,025 | €3,752 | +€727 | +24.0% |
| Other operating charges | 640/8 | €513 | €672 | +€159 | +31.0% |
| Gross operating margin | 9900 | €246,695 | €192,711 | -€53,984 | -21.9% |
| Operating profit (loss) | 9901 | €243,157 | €188,287 | -€54,871 | -22.6% |
| Financial income | 75/76B | €1,066 | €1,386 | +€319 | +29.9% |
| Recurring financial income | 75 | €1,066 | €1,386 | +€319 | +29.9% |
| Financial charges | 65/66B | €63 | €109 | +€46 | +72.3% |
| Recurring financial charges | 65 | €63 | €109 | +€46 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €244,161 | €189,564 | -€54,597 | -22.4% |
| Income taxes | 67/77 | €53,772 | €40,540 | -€13,232 | -24.6% |
| Profit (loss) for the period | 9904 | €190,389 | €149,024 | -€41,365 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €190,389 | €149,024 | -€41,365 | -21.7% |
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 22 October 2026 via checked.be.