REM!21: 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!21
Largest movements
- Stocks and contracts -€62,457
down €62,457 (-31.4%), from €198,608 to €136,151
- Receivables within one year -€48,887
down €48,887 (-65.6%), from €74,553 to €25,666
- Cash +€34,023
up €34,023 (+50.2%), from €67,764 to €101,788
mainly Net result for the year (+€76,457) and Stocks and contracts (+€62,457)
- Tangible fixed assets -€13,138
down €13,138 (-30.9%), from €42,503 to €29,365
of which Furniture and vehicles: -€12,886
- Intangible fixed assets +€12,876
up €12,876 (+33.7%), from €38,151 to €51,027
- Other debts -€67,179
down €67,179 (-90.0%), from €74,683 to €7,504
- Trade debts -€15,111
down €15,111 (-66.7%), from €22,657 to €7,546
- Reserves +€5,150
up €5,150 (+1.9%), from €274,800 to €279,950
- Depreciation +€10,780
up €10,780 (+54.6%), from €19,752 to €30,532
- Gross operating margin -€8,638
down €8,638 (-5.5%), from €156,482 to €147,843
- Financial charges -€5,233
down €5,233 (-60.0%), from €8,724 to €3,491
- Taxes -€4,721
down €4,721 (-11.4%), from €41,570 to €36,849
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 | €426,647 | €350,290 | -€76,357 | -17.9% |
| Fixed assets | 21/28 | €80,669 | €80,407 | -€262 | -0.3% |
| Intangible fixed assets | 21 | €38,151 | €51,027 | +€12,876 | +33.7% |
| Tangible fixed assets | 22/27 | €42,503 | €29,365 | -€13,138 | -30.9% |
| Plant, machinery and equipment | 23 | €11,378 | €11,126 | -€252 | -2.2% |
| Furniture and vehicles | 24 | €31,125 | €18,240 | -€12,886 | -41.4% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €345,978 | €269,883 | -€76,095 | -22.0% |
| Stocks and contracts in progress | 3 | €198,608 | €136,151 | -€62,457 | -31.4% |
| Stocks | 30/36 | €198,608 | €136,151 | -€62,457 | -31.4% |
| Amounts receivable within one year | 40/41 | €74,553 | €25,666 | -€48,887 | -65.6% |
| Trade receivables | 40 | €74,553 | €25,666 | -€48,887 | -65.6% |
| Cash at bank and in hand | 54/58 | €67,764 | €101,788 | +€34,023 | +50.2% |
| Deferred charges and accrued income | 490/1 | €5,052 | €6,279 | +€1,226 | +24.3% |
| Total equity and liabilities | 10/49 | €426,647 | €350,290 | -€76,357 | -17.9% |
| Equity | 10/15 | €293,856 | €299,013 | +€5,157 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,800 | €279,950 | +€5,150 | +1.9% |
| Distributable reserves | 133 | €274,800 | €279,950 | +€5,150 | +1.9% |
| Profit (loss) carried forward | 14 | €6,656 | €6,663 | +€7 | +0.1% |
| Amounts payable | 17/49 | €132,790 | €51,277 | -€81,513 | -61.4% |
| Amounts payable within one year | 42/48 | €132,790 | €51,277 | -€81,513 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €1,624 | - | -€1,624 | |
| Trade debts | 44 | €22,657 | €7,546 | -€15,111 | -66.7% |
| Suppliers | 440/4 | €22,657 | €7,546 | -€15,111 | -66.7% |
| Taxes, remuneration and social security | 45 | €33,826 | €36,227 | +€2,400 | +7.1% |
| Taxes | 450/3 | €33,826 | €36,227 | +€2,400 | +7.1% |
| Other amounts payable | 47/48 | €74,683 | €7,504 | -€67,179 | -90.0% |
| Non-recurring operating income | 76A | €443 | - | -€443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,752 | €30,532 | +€10,780 | +54.6% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €156,482 | €147,843 | -€8,638 | -5.5% |
| Operating profit (loss) | 9901 | €136,202 | €116,767 | -€19,434 | -14.3% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €8,724 | €3,491 | -€5,233 | -60.0% |
| Recurring financial charges | 65 | €8,724 | €3,491 | -€5,233 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €127,477 | €113,306 | -€14,171 | -11.1% |
| Income taxes | 67/77 | €41,570 | €36,849 | -€4,721 | -11.4% |
| Profit (loss) for the period | 9904 | €85,907 | €76,457 | -€9,451 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,907 | €76,457 | -€9,451 | -11.0% |
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 22 October 2026 via checked.be.