REMACA: 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.
REMACA
Largest movements
- Tangible fixed assets -€85,187
down €85,187 (-36.1%), from €235,862 to €150,675
of which Land and buildings: -€43,809
- Receivables within one year -€10,839
down €10,839 (-48.0%), from €22,589 to €11,750
of which Trade receivables: -€9,617
- Financial fixed assets -€5,652
no longer reported in 2025 (was €5,652)
- Profit (loss) carried forward -€138,350
down €138,350, from €74,398 to -€63,952
- Trade debts +€56,268
up €56,268 (+23.1%), from €243,448 to €299,716
- Current portion of long-term debt -€10,848
down €10,848 (-51.3%), from €21,167 to €10,318
- Debts after one year -€10,318
down €10,318 (-43.2%), from €23,878 to €13,560
- Tax, wage and social debts +€6,479
up €6,479 (+454.4%), from €1,426 to €7,904
of which Remuneration and social security: +€7,700
- Gross operating margin -€139,553
down €139,553 (-59.6%), from €234,249 to €94,696
- Other operating charges +€17,566
up €17,566 (+185.1%), from €9,493 to €27,059
- Depreciation -€9,131
down €9,131 (-14.5%), from €63,165 to €54,034
- Staff costs -€2,911
down €2,911 (-1.9%), from €149,995 to €147,084
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 | €435,242 | €340,747 | -€94,495 | -21.7% |
| Fixed assets | 21/28 | €241,514 | €150,675 | -€90,839 | -37.6% |
| Tangible fixed assets | 22/27 | €235,862 | €150,675 | -€85,187 | -36.1% |
| Land and buildings | 22 | €181,656 | €137,847 | -€43,809 | -24.1% |
| Plant, machinery and equipment | 23 | €296 | €173 | -€123 | -41.6% |
| Furniture and vehicles | 24 | €21,197 | €12,655 | -€8,542 | -40.3% |
| Leasing and similar rights | 25 | €32,713 | - | -€32,713 | |
| Financial fixed assets | 28 | €5,652 | - | -€5,652 | |
| Current assets | 29/58 | €193,728 | €190,072 | -€3,656 | -1.9% |
| Stocks and contracts in progress | 3 | €146,837 | €150,772 | +€3,934 | +2.7% |
| Stocks | 30/36 | €146,837 | €150,772 | +€3,934 | +2.7% |
| Amounts receivable within one year | 40/41 | €22,589 | €11,750 | -€10,839 | -48.0% |
| Trade receivables | 40 | €11,377 | €1,760 | -€9,617 | -84.5% |
| Other amounts receivable | 41 | €11,213 | €9,990 | -€1,222 | -10.9% |
| Current investments | 50/53 | €1 | €1 | -€0 | -11.7% |
| Cash at bank and in hand | 54/58 | €22,330 | €26,353 | +€4,023 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,970 | €1,196 | -€773 | -39.3% |
| Total equity and liabilities | 10/49 | €435,242 | €340,747 | -€94,495 | -21.7% |
| Equity | 10/15 | €145,323 | €6,973 | -€138,350 | -95.2% |
| Contributions | 10/11 | €64,477 | €64,477 | = | 0.0% |
| Capital | 10 | €64,477 | €64,477 | = | 0.0% |
| Issued capital | 100 | €64,477 | €64,477 | = | 0.0% |
| Reserves | 13 | €6,448 | €6,448 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,448 | €6,448 | = | 0.0% |
| Legal reserve | 130 | €6,448 | €6,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,398 | -€63,952 | -€138,350 | |
| Amounts payable | 17/49 | €289,919 | €333,774 | +€43,855 | +15.1% |
| Amounts payable after more than one year | 17 | €23,878 | €13,560 | -€10,318 | -43.2% |
| Financial debts | 170/4 | €23,878 | €13,560 | -€10,318 | -43.2% |
| Amounts payable within one year | 42/48 | €266,041 | €317,938 | +€51,898 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €21,167 | €10,318 | -€10,848 | -51.3% |
| Trade debts | 44 | €243,448 | €299,716 | +€56,268 | +23.1% |
| Suppliers | 440/4 | €243,448 | €299,716 | +€56,268 | +23.1% |
| Taxes, remuneration and social security | 45 | €1,426 | €7,904 | +€6,479 | +454.4% |
| Taxes | 450/3 | €1,253 | €32 | -€1,222 | -97.5% |
| Remuneration and social security | 454/9 | €172 | €7,873 | +€7,700 | +4468.3% |
| Accrued charges and deferred income | 492/3 | - | €2,276 | +€2,276 | |
| Remuneration, social security and pensions | 62 | €149,995 | €147,084 | -€2,911 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,165 | €54,034 | -€9,131 | -14.5% |
| Other operating charges | 640/8 | €9,493 | €27,059 | +€17,566 | +185.1% |
| Gross operating margin | 9900 | €234,249 | €94,696 | -€139,553 | -59.6% |
| Operating profit (loss) | 9901 | €11,596 | -€133,481 | -€145,077 | |
| Financial income | 75/76B | €663 | €8 | -€655 | -98.8% |
| Recurring financial income | 75 | €663 | €8 | -€655 | -98.8% |
| Financial charges | 65/66B | €3,273 | €4,874 | +€1,602 | +48.9% |
| Recurring financial charges | 65 | €3,273 | €4,874 | +€1,602 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €8,986 | -€138,347 | -€147,334 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €8,986 | -€138,350 | -€147,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,986 | -€138,350 | -€147,336 |
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 10 October 2026 via checked.be.