R2M MANAGEMENT & TEACHING: 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.
R2M MANAGEMENT & TEACHING
Largest movements
- Receivables within one year -€25,561
down €25,561 (-92.1%), from €27,754 to €2,193
of which Trade receivables: -€26,694
- Cash +€21,314
up €21,314 (+42.2%), from €50,461 to €71,775
mainly Receivables within one year (+€25,561) and Net result for the year (+€8,615)
- Tangible fixed assets +€1,685
up €1,685 (+790%), from €213 to €1,898
- Profit (loss) carried forward +€8,615
up €8,615 (+16.0%), from €53,975 to €62,590
- Tax, wage and social debts -€6,375
down €6,375 (-43.8%), from €14,543 to €8,168
of which Taxes: -€6,375
- Trade debts -€4,498
down €4,498 (-99.2%), from €4,533 to €35
- Gross operating margin -€42,192
down €42,192 (-71.2%), from €59,257 to €17,065
- Taxes +€6,147
up €6,147 (+2,126%), from €289 to €6,436
- Depreciation -€5,569
down €5,569 (-91.2%), from €6,105 to €537
- Financial charges -€920
down €920 (-61.2%), from €1,504 to €584
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 | €79,991 | €77,389 | -€2,602 | -3.3% |
| Fixed assets | 21/28 | €338 | €2,023 | +€1,685 | +498% |
| Tangible fixed assets | 22/27 | €213 | €1,898 | +€1,685 | +790% |
| Furniture and vehicles | 24 | €213 | €1,898 | +€1,685 | +790% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €79,653 | €75,366 | -€4,287 | -5.4% |
| Amounts receivable within one year | 40/41 | €27,754 | €2,193 | -€25,561 | -92.1% |
| Trade receivables | 40 | €27,754 | €1,060 | -€26,694 | -96.2% |
| Other amounts receivable | 41 | €0 | €1,133 | +€1,133 | |
| Cash at bank and in hand | 54/58 | €50,461 | €71,775 | +€21,314 | +42.2% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,397 | -€39 | -2.7% |
| Total equity and liabilities | 10/49 | €79,991 | €77,389 | -€2,602 | -3.3% |
| Equity | 10/15 | €56,175 | €64,790 | +€8,615 | +15.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,975 | €62,590 | +€8,615 | +16.0% |
| Amounts payable | 17/49 | €23,815 | €12,599 | -€11,217 | -47.1% |
| Amounts payable within one year | 42/48 | €22,962 | €12,377 | -€10,585 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,533 | €35 | -€4,498 | -99.2% |
| Suppliers | 440/4 | €4,533 | €35 | -€4,498 | -99.2% |
| Taxes, remuneration and social security | 45 | €14,543 | €8,168 | -€6,375 | -43.8% |
| Taxes | 450/3 | €11,302 | €4,927 | -€6,375 | -56.4% |
| Remuneration and social security | 454/9 | €3,241 | €3,241 | = | 0.0% |
| Other amounts payable | 47/48 | €3,886 | €4,173 | +€288 | +7.4% |
| Accrued charges and deferred income | 492/3 | €854 | €222 | -€632 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,105 | €537 | -€5,569 | -91.2% |
| Other operating charges | 640/8 | €865 | €893 | +€28 | +3.3% |
| Gross operating margin | 9900 | €59,257 | €17,065 | -€42,192 | -71.2% |
| Operating profit (loss) | 9901 | €52,287 | €15,635 | -€36,652 | -70.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,504 | €584 | -€920 | -61.2% |
| Recurring financial charges | 65 | €1,504 | €584 | -€920 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €50,783 | €15,051 | -€35,732 | -70.4% |
| Income taxes | 67/77 | €289 | €6,436 | +€6,147 | +2,126% |
| Profit (loss) for the period | 9904 | €50,494 | €8,615 | -€41,879 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,494 | €8,615 | -€41,879 | -82.9% |
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 25 October 2026 via checked.be.