REMAC: 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.
REMAC
Largest movements
- Cash +€22,846
up €22,846 (+17.0%), from €134,375 to €157,221
mainly Receivables within one year (+€20,395) and Depreciation (+€13,383)
- Receivables within one year -€20,395
down €20,395 (-99.9%), from €20,421 to €26
- Tangible fixed assets -€13,383
down €13,383 (-4.5%), from €300,613 to €287,230
- Reserves -€5,446
down €5,446 (-1.4%), from €392,990 to €387,544
- Gross operating margin -€9,767
down €9,767 (-78.1%), from €12,509 to €2,742
- Depreciation -€8,575
down €8,575 (-39.1%), from €21,958 to €13,383
- Taxes -€526
no longer reported in 2020 (was €526)
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,722 | €500,790 | -€10,932 | -2.1% |
| Fixed assets | 21/28 | €356,926 | €343,543 | -€13,383 | -3.7% |
| Tangible fixed assets | 22/27 | €300,613 | €287,230 | -€13,383 | -4.5% |
| Financial fixed assets | 28 | €56,313 | €56,313 | = | 0.0% |
| Current assets | 29/58 | €154,796 | €157,247 | +€2,451 | +1.6% |
| Amounts receivable within one year | 40/41 | €20,421 | €26 | -€20,395 | -99.9% |
| Cash at bank and in hand | 54/58 | €134,375 | €157,221 | +€22,846 | +17.0% |
| Total equity and liabilities | 10/49 | €511,722 | €500,790 | -€10,932 | -2.1% |
| Equity | 10/15 | €460,320 | €450,963 | -€9,357 | -2.0% |
| Contributions | 10/11 | €62,018 | €62,018 | = | 0.0% |
| Reserves | 13 | €392,990 | €387,544 | -€5,446 | -1.4% |
| Profit (loss) carried forward | 14 | €5,312 | €1,401 | -€3,911 | -73.6% |
| Provisions and deferred taxes | 16 | €45,830 | €43,025 | -€2,805 | -6.1% |
| Amounts payable | 17/49 | €5,572 | €6,802 | +€1,230 | +22.1% |
| Amounts payable within one year | 42/48 | €5,572 | €6,802 | +€1,230 | +22.1% |
| Trade debts | 44 | €244 | €456 | +€212 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,958 | €13,383 | -€8,575 | -39.1% |
| Gross operating margin | 9900 | €12,509 | €2,742 | -€9,767 | -78.1% |
| Operating profit (loss) | 9901 | -€11,057 | -€12,334 | -€1,277 | -11.5% |
| Recurring financial income | 75 | €35 | €172 | +€137 | +391.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,022 | -€12,162 | -€1,140 | -10.3% |
| Income taxes | 67/77 | €526 | - | -€526 | |
| Profit (loss) for the period | 9904 | -€8,743 | -€9,357 | -€614 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,297 | -€3,911 | -€614 | -18.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2019 and 30 September 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.