REM: 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.
REM
Largest movements
- Stocks and contracts -€108,992
down €108,992 (-41.2%), from €264,565 to €155,574
- Receivables within one year +€36,789
up €36,789 (+28.8%), from €127,938 to €164,727
of which Other amounts receivable: +€35,252
- Debts after one year -€160,000
down €160,000 (-66.7%), from €240,000 to €80,000
- Other debts +€120,874
up €120,874 (+2417.5%), from €5,000 to €125,874
- Tax, wage and social debts -€32,476
down €32,476 (-99.2%), from €32,739 to €263
of which Taxes: -€24,797
- Current portion of long-term debt -€12,031
down €12,031 (-49.0%), from €24,546 to €12,515
- Trade debts +€6,863
up €6,863 (+29.4%), from €23,380 to €30,243
- Turnover +€198,339
up €198,339 (+696.6%), from €28,472 to €226,812
- Gross operating margin +€103,692
up €103,692, from -€74,060 to €29,632
- Purchases and services +€94,647
up €94,647 (+92.3%), from €102,532 to €197,179
- Staff costs -€24,982
down €24,982 (-79.9%), from €31,251 to €6,269
- Financial charges +€7,144
up €7,144 (+93.0%), from €7,679 to €14,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,988 | €320,830 | -€74,158 | -18.8% |
| Fixed assets | 21/28 | €2,438 | €355 | -€2,082 | -85.4% |
| Tangible fixed assets | 22/27 | €2,438 | €355 | -€2,082 | -85.4% |
| Plant, machinery and equipment | 23 | €1,665 | - | -€1,665 | |
| Furniture and vehicles | 24 | €773 | €355 | -€417 | -54.0% |
| Current assets | 29/58 | €392,550 | €320,475 | -€72,076 | -18.4% |
| Stocks and contracts in progress | 3 | €264,565 | €155,574 | -€108,992 | -41.2% |
| Stocks | 30/36 | €264,565 | €155,574 | -€108,992 | -41.2% |
| Amounts receivable within one year | 40/41 | €127,938 | €164,727 | +€36,789 | +28.8% |
| Trade receivables | 40 | €27,500 | €29,036 | +€1,536 | +5.6% |
| Other amounts receivable | 41 | €100,438 | €135,690 | +€35,252 | +35.1% |
| Cash at bank and in hand | 54/58 | €47 | €175 | +€127 | +270.1% |
| Total equity and liabilities | 10/49 | €394,988 | €320,830 | -€74,158 | -18.8% |
| Equity | 10/15 | €67,324 | €69,936 | +€2,612 | +3.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | - | -€22,000 | |
| Other | 1109/19 | €22,000 | - | -€22,000 | |
| Profit (loss) carried forward | 14 | €45,324 | €47,936 | +€2,612 | +5.8% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Environmental obligations | 163 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €325,664 | €248,895 | -€76,770 | -23.6% |
| Amounts payable after more than one year | 17 | €240,000 | €80,000 | -€160,000 | -66.7% |
| Financial debts | 170/4 | €240,000 | €80,000 | -€160,000 | -66.7% |
| Amounts payable within one year | 42/48 | €85,664 | €168,895 | +€83,230 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €24,546 | €12,515 | -€12,031 | -49.0% |
| Trade debts | 44 | €23,380 | €30,243 | +€6,863 | +29.4% |
| Suppliers | 440/4 | €23,380 | €30,243 | +€6,863 | +29.4% |
| Taxes, remuneration and social security | 45 | €32,739 | €263 | -€32,476 | -99.2% |
| Taxes | 450/3 | €24,797 | - | -€24,797 | |
| Remuneration and social security | 454/9 | €7,942 | €263 | -€7,679 | -96.7% |
| Other amounts payable | 47/48 | €5,000 | €125,874 | +€120,874 | +2417.5% |
| Turnover | 70 | €28,472 | €226,812 | +€198,339 | +696.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €102,532 | €197,179 | +€94,647 | +92.3% |
| Remuneration, social security and pensions | 62 | €31,251 | €6,269 | -€24,982 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,496 | €2,082 | -€413 | -16.6% |
| Other operating charges | 640/8 | €1,866 | €3,854 | +€1,988 | +106.6% |
| Non-recurring operating charges | 66A | €65,288 | - | -€65,288 | |
| Gross operating margin | 9900 | -€74,060 | €29,632 | +€103,692 | |
| Operating profit (loss) | 9901 | -€174,960 | €17,427 | +€192,387 | |
| Financial income | 75/76B | €68 | €7 | -€61 | -89.7% |
| Recurring financial income | 75 | €68 | €7 | -€61 | -89.7% |
| Financial charges | 65/66B | €7,679 | €14,823 | +€7,144 | +93.0% |
| Recurring financial charges | 65 | €7,679 | €14,823 | +€7,144 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | -€182,570 | €2,612 | +€185,182 | |
| Profit (loss) for the period | 9904 | -€182,570 | €2,612 | +€185,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€182,570 | €2,612 | +€185,182 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.