R.S.M.M.: 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.S.M.M.
Largest movements
- Stocks and contracts -€211,822
down €211,822 (-100.0%), from €211,822 to €0
- Receivables within one year +€143,515
new in 2025: €143,515
- Cash +€143,029
up €143,029 (+82.9%), from €172,540 to €315,569
mainly Stocks and contracts (+€211,822) and Net result for the year (+€67,507)
- Reserves +€67,507
up €67,507 (+29.2%), from €231,543 to €299,050
- Other debts -€36,774
down €36,774 (-58.2%), from €63,211 to €26,438
- Tax, wage and social debts +€25,315
up €25,315 (+35.8%), from €70,627 to €95,943
- Trade debts +€18,653
up €18,653 (+207%), from €9,001 to €27,654
- Gross operating margin -€285,275
down €285,275 (-75.0%), from €380,611 to €95,336
- Taxes -€45,312
down €45,312 (-64.2%), from €70,627 to €25,315
- Financial charges -€31,047
down €31,047 (-99.2%), from €31,297 to €250
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 | €384,383 | €459,084 | +€74,702 | +19.4% |
| Current assets | 29/58 | €384,383 | €459,084 | +€74,702 | +19.4% |
| Stocks and contracts in progress | 3 | €211,822 | €0 | -€211,822 | -100.0% |
| Stocks | 30/36 | €211,822 | €0 | -€211,822 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €143,515 | +€143,515 | |
| Other amounts receivable | 41 | - | €143,515 | +€143,515 | |
| Cash at bank and in hand | 54/58 | €172,540 | €315,569 | +€143,029 | +82.9% |
| Deferred charges and accrued income | 490/1 | €21 | €0 | -€21 | -100% |
| Total equity and liabilities | 10/49 | €384,383 | €459,084 | +€74,702 | +19.4% |
| Equity | 10/15 | €241,543 | €309,050 | +€67,507 | +27.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €231,543 | €299,050 | +€67,507 | +29.2% |
| Distributable reserves | 133 | €231,543 | €299,050 | +€67,507 | +29.2% |
| Amounts payable | 17/49 | €142,840 | €150,034 | +€7,194 | +5.0% |
| Amounts payable within one year | 42/48 | €142,840 | €150,034 | +€7,194 | +5.0% |
| Trade debts | 44 | €9,001 | €27,654 | +€18,653 | +207% |
| Suppliers | 440/4 | €9,001 | €27,654 | +€18,653 | +207% |
| Taxes, remuneration and social security | 45 | €70,627 | €95,943 | +€25,315 | +35.8% |
| Taxes | 450/3 | €70,627 | €95,943 | +€25,315 | +35.8% |
| Other amounts payable | 47/48 | €63,211 | €26,438 | -€36,774 | -58.2% |
| Other operating charges | 640/8 | €4,660 | €2,263 | -€2,396 | -51.4% |
| Gross operating margin | 9900 | €380,611 | €95,336 | -€285,275 | -75.0% |
| Operating profit (loss) | 9901 | €375,951 | €93,073 | -€282,878 | -75.2% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €31,297 | €250 | -€31,047 | -99.2% |
| Recurring financial charges | 65 | €31,297 | €250 | -€31,047 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €344,654 | €92,823 | -€251,831 | -73.1% |
| Income taxes | 67/77 | €70,627 | €25,315 | -€45,312 | -64.2% |
| Profit (loss) for the period | 9904 | €274,026 | €67,507 | -€206,519 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €274,026 | €67,507 | -€206,519 | -75.4% |
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 31 October 2026 via checked.be.