RACHID MIR: what changed
RACHID MIR
Largest movements
- Receivables within one year -€50,710
down €50,710 (-34.3%), from €147,867 to €97,157
of which Trade receivables: -€56,129
- Cash -€46,661
down €46,661 (-21.3%), from €219,488 to €172,827
mainly Contributions, distributions and other (-€230,474) and Investment in fixed assets (net) (-€15,377)
- Tangible fixed assets +€7,545
up €7,545 (+67.0%), from €11,268 to €18,813
of which Furniture and vehicles: +€4,622
- Profit (loss) carried forward -€120,156
no longer reported in 2025 (was €120,156)
- Other debts +€31,218
up €31,218 (+19.1%), from €163,448 to €194,666
- Trade debts +€4,124
up €4,124 (+12.9%), from €32,049 to €36,173
- Tax, wage and social debts -€3,870
down €3,870 (-6.8%), from €56,827 to €52,957
of which Taxes: -€5,253
- Gross operating margin -€77,777
down €77,777 (-24.7%), from €314,891 to €237,113
- Taxes -€23,014
down €23,014 (-40.0%), from €57,582 to €34,568
- Staff costs +€13,814
up €13,814 (+20.8%), from €66,259 to €80,073
- Other operating charges +€3,376
up €3,376 (+660%), from €511 to €3,887
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 | €378,623 | €288,797 | -€89,826 | -23.7% |
| Fixed assets | 21/28 | €11,268 | €18,813 | +€7,545 | +67.0% |
| Tangible fixed assets | 22/27 | €11,268 | €18,813 | +€7,545 | +67.0% |
| Furniture and vehicles | 24 | €11,268 | €15,890 | +€4,622 | +41.0% |
| Other tangible fixed assets | 26 | - | €2,923 | +€2,923 | |
| Current assets | 29/58 | €367,355 | €269,984 | -€97,371 | -26.5% |
| Amounts receivable within one year | 40/41 | €147,867 | €97,157 | -€50,710 | -34.3% |
| Trade receivables | 40 | €147,867 | €91,738 | -€56,129 | -38.0% |
| Other amounts receivable | 41 | - | €5,419 | +€5,419 | |
| Cash at bank and in hand | 54/58 | €219,488 | €172,827 | -€46,661 | -21.3% |
| Total equity and liabilities | 10/49 | €378,623 | €288,797 | -€89,826 | -23.7% |
| Equity | 10/15 | €125,156 | €5,000 | -€120,156 | -96.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,156 | - | -€120,156 | |
| Amounts payable | 17/49 | €253,467 | €283,797 | +€30,330 | +12.0% |
| Amounts payable within one year | 42/48 | €253,467 | €283,797 | +€30,330 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €1,142 | - | -€1,142 | |
| Trade debts | 44 | €32,049 | €36,173 | +€4,124 | +12.9% |
| Suppliers | 440/4 | €32,049 | €36,173 | +€4,124 | +12.9% |
| Taxes, remuneration and social security | 45 | €56,827 | €52,957 | -€3,870 | -6.8% |
| Taxes | 450/3 | €46,548 | €41,295 | -€5,253 | -11.3% |
| Remuneration and social security | 454/9 | €10,280 | €11,663 | +€1,383 | +13.5% |
| Other amounts payable | 47/48 | €163,448 | €194,666 | +€31,218 | +19.1% |
| Non-recurring operating income | 76A | €10,414 | - | -€10,414 | |
| Remuneration, social security and pensions | 62 | €66,259 | €80,073 | +€13,814 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,115 | €7,832 | +€1,717 | +28.1% |
| Other operating charges | 640/8 | €511 | €3,887 | +€3,376 | +660% |
| Non-recurring operating charges | 66A | €3,803 | - | -€3,803 | |
| Gross operating margin | 9900 | €314,891 | €237,113 | -€77,777 | -24.7% |
| Operating profit (loss) | 9901 | €238,203 | €145,321 | -€92,881 | -39.0% |
| Financial income | 75/76B | - | €111 | +€111 | |
| Recurring financial income | 75 | - | €111 | +€111 | |
| Financial charges | 65/66B | €465 | €546 | +€81 | +17.5% |
| Recurring financial charges | 65 | €465 | €546 | +€81 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €237,737 | €144,886 | -€92,851 | -39.1% |
| Income taxes | 67/77 | €57,582 | €34,568 | -€23,014 | -40.0% |
| Profit (loss) for the period | 9904 | €180,156 | €110,319 | -€69,837 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €180,156 | €110,319 | -€69,837 | -38.8% |
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 4 November 2026 via checked.be.