REMACO: what changed
Two fiscal 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.
REMACO
Largest movements
- Receivables within one year +€371,719
up €371,719 (+70.1%), from €530,143 to €901,862
of which Other amounts receivable: +€371,666
- Tangible fixed assets +€203,339
up €203,339 (+56.3%), from €361,441 to €564,779
of which Other tangible fixed assets: +€176,291
- Cash +€82,091
up €82,091 (+58.2%), from €141,170 to €223,261
mainly Net result for the year (+€670,471) and Other debts (+€372,858)
- Stocks and contracts +€25,241
up €25,241 (+62.5%), from €40,390 to €65,630
- Other debts +€372,858
up €372,858 (+77.3%), from €482,618 to €855,477
- Reserves +€320,471
up €320,471 (+35.7%), from €897,150 to €1.2m
of which Distributable reserves: +€320,471
- Tax, wage and social debts +€67,502
up €67,502 (+61.0%), from €110,581 to €178,083
of which Remuneration and social security: +€48,988
- Trade debts -€47,201
down €47,201 (-23.5%), from €200,644 to €153,443
- Short-term financial debts -€26,031
down €26,031 (-100.0%), from €26,031 to €0
- Gross operating margin +€689,215
up €689,215 (+62.9%), from €1.1m to €1.8m
- Staff costs +€238,469
up €238,469 (+41.4%), from €575,581 to €814,050
- Taxes +€97,971
up €97,971 (+81.8%), from €119,839 to €217,810
- Depreciation +€31,661
up €31,661 (+52.7%), from €60,124 to €91,785
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 | €1,736,143 | €2,418,533 | +€682,389 | +39.3% |
| Fixed assets | 21/28 | €524,441 | €727,779 | +€203,339 | +38.8% |
| Tangible fixed assets | 22/27 | €361,441 | €564,779 | +€203,339 | +56.3% |
| Plant, machinery and equipment | 23 | €138,842 | €150,089 | +€11,247 | +8.1% |
| Furniture and vehicles | 24 | €15,570 | €31,371 | +€15,801 | +101.5% |
| Other tangible fixed assets | 26 | €207,028 | €383,319 | +€176,291 | +85.2% |
| Financial fixed assets | 28 | €163,000 | €163,000 | = | 0.0% |
| Current assets | 29/58 | €1,211,703 | €1,690,754 | +€479,051 | +39.5% |
| Stocks and contracts in progress | 3 | €40,390 | €65,630 | +€25,241 | +62.5% |
| Stocks | 30/36 | €40,390 | €65,630 | +€25,241 | +62.5% |
| Amounts receivable within one year | 40/41 | €530,143 | €901,862 | +€371,719 | +70.1% |
| Trade receivables | 40 | €3 | €56 | +€53 | +2056.9% |
| Other amounts receivable | 41 | €530,140 | €901,806 | +€371,666 | +70.1% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,170 | €223,261 | +€82,091 | +58.2% |
| Total equity and liabilities | 10/49 | €1,736,143 | €2,418,533 | +€682,389 | +39.3% |
| Equity | 10/15 | €903,350 | €1,223,820 | +€320,471 | +35.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €897,150 | €1,217,620 | +€320,471 | +35.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €897,150 | €1,217,620 | +€320,471 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €832,793 | €1,194,712 | +€361,919 | +43.5% |
| Amounts payable within one year | 42/48 | €819,874 | €1,187,003 | +€367,128 | +44.8% |
| Financial debts | 43 | €26,031 | €0 | -€26,031 | -100.0% |
| Credit institutions | 430/8 | €26,031 | €0 | -€26,031 | -100.0% |
| Trade debts | 44 | €200,644 | €153,443 | -€47,201 | -23.5% |
| Suppliers | 440/4 | €200,644 | €153,443 | -€47,201 | -23.5% |
| Taxes, remuneration and social security | 45 | €110,581 | €178,083 | +€67,502 | +61.0% |
| Taxes | 450/3 | €42,035 | €60,548 | +€18,514 | +44.0% |
| Remuneration and social security | 454/9 | €68,546 | €117,535 | +€48,988 | +71.5% |
| Other amounts payable | 47/48 | €482,618 | €855,477 | +€372,858 | +77.3% |
| Accrued charges and deferred income | 492/3 | €12,919 | €7,710 | -€5,210 | -40.3% |
| Remuneration, social security and pensions | 62 | €575,581 | €814,050 | +€238,469 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,124 | €91,785 | +€31,661 | +52.7% |
| Other operating charges | 640/8 | €6,398 | €5,628 | -€771 | -12.0% |
| Gross operating margin | 9900 | €1,095,537 | €1,784,752 | +€689,215 | +62.9% |
| Operating profit (loss) | 9901 | €453,434 | €873,290 | +€419,856 | +92.6% |
| Financial income | 75/76B | €40,715 | €34,208 | -€6,507 | -16.0% |
| Recurring financial income | 75 | €40,715 | €34,208 | -€6,507 | -16.0% |
| Financial charges | 65/66B | €9,920 | €19,217 | +€9,298 | +93.7% |
| Recurring financial charges | 65 | €9,920 | €19,217 | +€9,298 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €484,229 | €888,280 | +€404,051 | +83.4% |
| Income taxes | 67/77 | €119,839 | €217,810 | +€97,971 | +81.8% |
| Profit (loss) for the period | 9904 | €364,391 | €670,471 | +€306,080 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €364,391 | €670,471 | +€306,080 | +84.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.