RCMS: what changed
Two fiscal 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.
RCMS
Largest movements
- Cash +€372
up €372 (+309.4%), from €120 to €493
mainly Other debts (+€14,896) and Accrued charges and deferred income (+€1,365)
- Deferred charges and accrued income +€176
up €176 (+10.8%), from €1,628 to €1,803
- Tangible fixed assets -€105
no longer reported in 2025 (was €105)
- Profit (loss) carried forward -€15,756
down €15,756 (-13.7%), from -€115,226 to -€130,983
- Other debts +€14,896
up €14,896 (+30.3%), from €49,160 to €64,056
- Accrued charges and deferred income +€1,365
up €1,365 (+165.8%), from €823 to €2,189
- Trade debts -€88
down €88 (-5.4%), from €1,632 to €1,544
- Gross operating margin +€5,867
up €5,867 (+32.7%), from -€17,957 to -€12,089
- Other operating charges +€1,869
up €1,869 (+163.6%), from €1,143 to €3,012
- Depreciation -€378
down €378 (-78.3%), from €483 to €105
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.
Cash bridge derived
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 | €2,145 | €2,585 | +€440 | +20.5% |
| Fixed assets | 21/28 | €105 | - | -€105 | |
| Tangible fixed assets | 22/27 | €105 | - | -€105 | |
| Plant, machinery and equipment | 23 | €105 | - | -€105 | |
| Current assets | 29/58 | €2,040 | €2,585 | +€545 | +26.7% |
| Amounts receivable within one year | 40/41 | €292 | €289 | -€3 | -1.0% |
| Other amounts receivable | 41 | €292 | €289 | -€3 | -1.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120 | €493 | +€372 | +309.4% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,803 | +€176 | +10.8% |
| Total equity and liabilities | 10/49 | €2,145 | €2,585 | +€440 | +20.5% |
| Equity | 10/15 | -€50,056 | -€65,813 | -€15,756 | -31.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €20,170 | €20,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,090 | €1,090 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,090 | €1,090 | = | 0.0% |
| Distributable reserves | 133 | €19,080 | €19,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,226 | -€130,983 | -€15,756 | -13.7% |
| Amounts payable | 17/49 | €52,201 | €68,397 | +€16,197 | +31.0% |
| Amounts payable within one year | 42/48 | €51,378 | €66,209 | +€14,831 | +28.9% |
| Trade debts | 44 | €1,632 | €1,544 | -€88 | -5.4% |
| Suppliers | 440/4 | €1,632 | €1,544 | -€88 | -5.4% |
| Taxes, remuneration and social security | 45 | €586 | €609 | +€24 | +4.0% |
| Taxes | 450/3 | €586 | €609 | +€24 | +4.0% |
| Other amounts payable | 47/48 | €49,160 | €64,056 | +€14,896 | +30.3% |
| Accrued charges and deferred income | 492/3 | €823 | €2,189 | +€1,365 | +165.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €105 | -€378 | -78.3% |
| Other operating charges | 640/8 | €1,143 | €3,012 | +€1,869 | +163.6% |
| Gross operating margin | 9900 | -€17,957 | -€12,089 | +€5,867 | +32.7% |
| Operating profit (loss) | 9901 | -€19,582 | -€15,206 | +€4,376 | +22.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €259 | €240 | -€19 | -7.4% |
| Recurring financial charges | 65 | €259 | €240 | -€19 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,841 | -€15,446 | +€4,395 | +22.2% |
| Income taxes | 67/77 | €299 | €311 | +€12 | +3.9% |
| Profit (loss) for the period | 9904 | -€20,140 | -€15,756 | +€4,383 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,140 | -€15,756 | +€4,383 | +21.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.