R.T.M.S.: what changed
R.T.M.S.
Largest movements
- Receivables within one year +€21,910
up €21,910 (+203%), from €10,781 to €32,691
- Cash -€13,471
down €13,471 (-33.0%), from €40,767 to €27,297
mainly Contributions, distributions and other (-€28,000) and Receivables within one year (-€21,910)
- Tangible fixed assets -€1,991
down €1,991 (-15.8%), from €12,596 to €10,606
of which Land and buildings: -€1,765
- Tax, wage and social debts +€16,248
up €16,248 (+124%), from €13,096 to €29,344
of which Taxes: +€16,248
- Other debts -€7,623
down €7,623 (-24.9%), from €30,583 to €22,960
- Debts after one year -€2,622
down €2,622 (-62.2%), from €4,218 to €1,596
- Gross operating margin +€9,931
up €9,931 (+23.2%), from €42,848 to €52,778
- Taxes +€7,641
up €7,641 (+111%), from €6,870 to €14,511
- Other operating charges +€770
up €770 (+60.0%), from €1,282 to €2,052
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,145 | €70,901 | +€6,756 | +10.5% |
| Fixed assets | 21/28 | €12,596 | €10,606 | -€1,991 | -15.8% |
| Tangible fixed assets | 22/27 | €12,596 | €10,606 | -€1,991 | -15.8% |
| Land and buildings | 22 | €6,386 | €4,621 | -€1,765 | -27.6% |
| Furniture and vehicles | 24 | €6,211 | €5,984 | -€226 | -3.6% |
| Current assets | 29/58 | €51,548 | €60,295 | +€8,747 | +17.0% |
| Amounts receivable within one year | 40/41 | €10,781 | €32,691 | +€21,910 | +203% |
| Trade receivables | 40 | €10,781 | €32,691 | +€21,910 | +203% |
| Cash at bank and in hand | 54/58 | €40,767 | €27,297 | -€13,471 | -33.0% |
| Deferred charges and accrued income | 490/1 | - | €308 | +€308 | |
| Total equity and liabilities | 10/49 | €64,145 | €70,901 | +€6,756 | +10.5% |
| Equity | 10/15 | €12,044 | €12,123 | +€79 | +0.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,044 | €9,123 | +€79 | +0.9% |
| Amounts payable | 17/49 | €52,101 | €58,778 | +€6,677 | +12.8% |
| Amounts payable after more than one year | 17 | €4,218 | €1,596 | -€2,622 | -62.2% |
| Financial debts | 170/4 | €4,218 | €1,596 | -€2,622 | -62.2% |
| Amounts payable within one year | 42/48 | €47,882 | €57,181 | +€9,299 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €2,484 | €2,622 | +€138 | +5.5% |
| Trade debts | 44 | €1,719 | €2,255 | +€536 | +31.2% |
| Suppliers | 440/4 | €1,719 | €2,255 | +€536 | +31.2% |
| Taxes, remuneration and social security | 45 | €13,096 | €29,344 | +€16,248 | +124% |
| Taxes | 450/3 | €10,596 | €26,844 | +€16,248 | +153% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €30,583 | €22,960 | -€7,623 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,720 | €4,926 | +€206 | +4.4% |
| Other operating charges | 640/8 | €1,282 | €2,052 | +€770 | +60.0% |
| Gross operating margin | 9900 | €42,848 | €52,778 | +€9,931 | +23.2% |
| Operating profit (loss) | 9901 | €36,845 | €45,800 | +€8,955 | +24.3% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.9% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.9% |
| Financial charges | 65/66B | €3,328 | €3,210 | -€117 | -3.5% |
| Recurring financial charges | 65 | €3,328 | €3,210 | -€117 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €33,525 | €42,590 | +€9,065 | +27.0% |
| Income taxes | 67/77 | €6,870 | €14,511 | +€7,641 | +111% |
| Profit (loss) for the period | 9904 | €26,655 | €28,079 | +€1,424 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,655 | €28,079 | +€1,424 | +5.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.