Rema: 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.
Rema
Largest movements
- Cash +€83,332
up €83,332 (+407%), from €20,495 to €103,827
mainly Net result for the year (+€209,628) and Depreciation (+€37,992)
- Tangible fixed assets -€37,992
down €37,992 (-2.6%), from €1.5m to €1.4m
- Debts after one year -€228,628
down €228,628 (-15.1%), from €1.5m to €1.3m
- Reserves +€209,628
up €209,628 (+97.1%), from €215,946 to €425,573
of which Distributable reserves: +€209,628
- Gross operating margin +€186,143
up €186,143 (+83.0%), from €224,207 to €410,350
- Depreciation -€104,019
down €104,019 (-73.2%), from €142,011 to €37,992
- Taxes +€85,413
up €85,413 (+1,255%), from €6,808 to €92,221
- Financial charges +€13,389
up €13,389 (+27.0%), from €49,585 to €62,974
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 | €2,336,651 | €2,357,328 | +€20,677 | +0.9% |
| Fixed assets | 21/28 | €2,156,315 | €2,118,324 | -€37,992 | -1.8% |
| Tangible fixed assets | 22/27 | €1,471,953 | €1,433,961 | -€37,992 | -2.6% |
| Land and buildings | 22 | €1,471,953 | €1,433,961 | -€37,992 | -2.6% |
| Financial fixed assets | 28 | €684,362 | €684,362 | = | 0.0% |
| Current assets | 29/58 | €180,335 | €239,004 | +€58,669 | +32.5% |
| Amounts receivable within one year | 40/41 | €149,386 | €134,700 | -€14,686 | -9.8% |
| Trade receivables | 40 | €50,700 | €23,946 | -€26,754 | -52.8% |
| Other amounts receivable | 41 | €98,686 | €110,754 | +€12,068 | +12.2% |
| Cash at bank and in hand | 54/58 | €20,495 | €103,827 | +€83,332 | +407% |
| Deferred charges and accrued income | 490/1 | €10,455 | €478 | -€9,977 | -95.4% |
| Total equity and liabilities | 10/49 | €2,336,651 | €2,357,328 | +€20,677 | +0.9% |
| Equity | 10/15 | €265,946 | €475,573 | +€209,628 | +78.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €215,946 | €425,573 | +€209,628 | +97.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €214,086 | €423,713 | +€209,628 | +97.9% |
| Amounts payable | 17/49 | €2,070,705 | €1,881,755 | -€188,950 | -9.1% |
| Amounts payable after more than one year | 17 | €1,518,294 | €1,289,666 | -€228,628 | -15.1% |
| Financial debts | 170/4 | €1,518,294 | €1,289,666 | -€228,628 | -15.1% |
| Amounts payable within one year | 42/48 | €552,411 | €578,961 | +€26,550 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €76,056 | €78,628 | +€2,572 | +3.4% |
| Trade debts | 44 | €8,556 | €5,479 | -€3,077 | -36.0% |
| Suppliers | 440/4 | €8,556 | €5,479 | -€3,077 | -36.0% |
| Advances received on contracts in progress | 46 | - | €7,789 | +€7,789 | |
| Taxes, remuneration and social security | 45 | €47,555 | €69,805 | +€22,250 | +46.8% |
| Taxes | 450/3 | €43,455 | €65,705 | +€22,250 | +51.2% |
| Remuneration and social security | 454/9 | €4,100 | €4,100 | = | 0.0% |
| Other amounts payable | 47/48 | €420,244 | €417,260 | -€2,984 | -0.7% |
| Accrued charges and deferred income | 492/3 | €0 | €13,128 | +€13,128 | |
| Remuneration, social security and pensions | 62 | €2,574 | €0 | -€2,574 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,011 | €37,992 | -€104,019 | -73.2% |
| Other operating charges | 640/8 | €5,995 | €8,746 | +€2,751 | +45.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €224,207 | €410,350 | +€186,143 | +83.0% |
| Operating profit (loss) | 9901 | €73,628 | €363,613 | +€289,985 | +394% |
| Financial income | 75/76B | €912 | €1,209 | +€298 | +32.7% |
| Recurring financial income | 75 | €912 | €1,209 | +€298 | +32.7% |
| Financial charges | 65/66B | €49,585 | €62,974 | +€13,389 | +27.0% |
| Recurring financial charges | 65 | €49,585 | €62,974 | +€13,389 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €24,954 | €301,849 | +€276,894 | +1,110% |
| Income taxes | 67/77 | €6,808 | €92,221 | +€85,413 | +1,255% |
| Profit (loss) for the period | 9904 | €18,147 | €209,628 | +€191,481 | +1,055% |
| Profit (loss) for the period to be appropriated | 9905 | €18,147 | €209,628 | +€191,481 | +1,055% |
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 14 October 2026 via checked.be.