R-MES 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-MES Management
Largest movements
- Cash -€31,558
down €31,558 (-57.3%), from €55,029 to €23,471
mainly Current investments (-€30,000) and Tax, wage and social debts (-€14,144)
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets +€6,902
up €6,902 (+53.6%), from €12,882 to €19,784
of which Furniture and vehicles: +€4,930
- Receivables within one year +€3,283
up €3,283 (+18.8%), from €17,451 to €20,734
of which Other amounts receivable: +€4,886
- Stocks and contracts +€1,848
up €1,848 (+34.0%), from €5,430 to €7,278
- Reserves +€20,000
up €20,000 (+100%), from €20,000 to €40,000
- Profit (loss) carried forward +€16,264
up €16,264 (+59.8%), from €27,185 to €43,448
- Tax, wage and social debts -€14,144
down €14,144 (-60.7%), from €23,297 to €9,153
of which Taxes: -€14,144
- Other debts -€11,253
down €11,253 (-75.3%), from €14,947 to €3,694
- Gross operating margin +€4,846
up €4,846 (+9.2%), from €52,874 to €57,721
- Depreciation +€1,845
up €1,845 (+81.2%), from €2,272 to €4,117
- Taxes +€1,667
up €1,667 (+13.5%), from €12,364 to €14,031
- Other operating charges +€819
up €819 (+148%), from €552 to €1,370
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 | €91,794 | €102,295 | +€10,502 | +11.4% |
| Fixed assets | 21/28 | €12,882 | €19,784 | +€6,902 | +53.6% |
| Tangible fixed assets | 22/27 | €12,882 | €19,784 | +€6,902 | +53.6% |
| Plant, machinery and equipment | 23 | €10,495 | €12,468 | +€1,972 | +18.8% |
| Furniture and vehicles | 24 | €2,387 | €7,317 | +€4,930 | +207% |
| Current assets | 29/58 | €78,912 | €82,511 | +€3,599 | +4.6% |
| Stocks and contracts in progress | 3 | €5,430 | €7,278 | +€1,848 | +34.0% |
| Stocks | 30/36 | €5,430 | €7,278 | +€1,848 | +34.0% |
| Amounts receivable within one year | 40/41 | €17,451 | €20,734 | +€3,283 | +18.8% |
| Trade receivables | 40 | €17,451 | €15,849 | -€1,602 | -9.2% |
| Other amounts receivable | 41 | €0 | €4,886 | +€4,886 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €55,029 | €23,471 | -€31,558 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,028 | +€26 | +2.6% |
| Total equity and liabilities | 10/49 | €91,794 | €102,295 | +€10,502 | +11.4% |
| Equity | 10/15 | €53,185 | €89,448 | +€36,264 | +68.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €40,000 | +€20,000 | +100% |
| Distributable reserves | 133 | €20,000 | €40,000 | +€20,000 | +100% |
| Profit (loss) carried forward | 14 | €27,185 | €43,448 | +€16,264 | +59.8% |
| Amounts payable | 17/49 | €38,609 | €12,847 | -€25,762 | -66.7% |
| Amounts payable within one year | 42/48 | €38,609 | €12,847 | -€25,762 | -66.7% |
| Trade debts | 44 | €365 | €0 | -€365 | -100% |
| Suppliers | 440/4 | €365 | €0 | -€365 | -100% |
| Taxes, remuneration and social security | 45 | €23,297 | €9,153 | -€14,144 | -60.7% |
| Taxes | 450/3 | €19,797 | €5,653 | -€14,144 | -71.4% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €14,947 | €3,694 | -€11,253 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,272 | €4,117 | +€1,845 | +81.2% |
| Other operating charges | 640/8 | €552 | €1,370 | +€819 | +148% |
| Non-recurring operating charges | 66A | €333 | €509 | +€176 | +52.8% |
| Gross operating margin | 9900 | €52,874 | €57,721 | +€4,846 | +9.2% |
| Operating profit (loss) | 9901 | €49,718 | €51,724 | +€2,007 | +4.0% |
| Financial income | 75/76B | €21 | €116 | +€95 | +455% |
| Recurring financial income | 75 | €21 | €116 | +€95 | +455% |
| Financial charges | 65/66B | €337 | €713 | +€376 | +111% |
| Recurring financial charges | 65 | €337 | €713 | +€376 | +111% |
| Profit (loss) for the period before taxes | 9903 | €49,401 | €51,127 | +€1,726 | +3.5% |
| Income taxes | 67/77 | €12,364 | €14,031 | +€1,667 | +13.5% |
| Profit (loss) for the period | 9904 | €37,038 | €37,097 | +€59 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,038 | €37,097 | +€59 | +0.2% |
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.