REMATIC: 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.
REMATIC
Largest movements
- Stocks and contracts +€111,011
up €111,011 (+138.8%), from €79,980 to €190,991
of which Contracts in progress: +€68,319
- Tangible fixed assets +€56,214
up €56,214 (+40.3%), from €139,507 to €195,721
of which Furniture and vehicles: +€40,606
- Receivables within one year -€33,663
down €33,663 (-14.3%), from €236,153 to €202,490
of which Trade receivables: -€32,348
- Cash -€20,742
down €20,742 (-70.6%), from €29,369 to €8,627
mainly Stocks and contracts (-€111,011) and Investment in fixed assets (net) (-€79,940)
- Other debts +€65,504
up €65,504 (+1141.0%), from €5,741 to €71,245
- Debts after one year +€23,369
up €23,369 (+10.5%), from €222,682 to €246,050
- Profit (loss) carried forward +€20,734
up €20,734 (+7.9%), from -€260,955 to -€240,221
- Current portion of long-term debt +€8,713
up €8,713 (+41.3%), from €21,088 to €29,801
- Trade debts -€8,461
down €8,461 (-4.2%), from €203,463 to €195,001
- Gross operating margin +€509,495
up €509,495 (+194.7%), from €261,716 to €771,211
- Staff costs +€206,768
up €206,768 (+43.9%), from €471,367 to €678,135
- Financial charges +€8,900
up €8,900 (+29.8%), from €29,854 to €38,753
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 | €509,832 | €626,233 | +€116,401 | +22.8% |
| Fixed assets | 21/28 | €142,186 | €198,400 | +€56,214 | +39.5% |
| Tangible fixed assets | 22/27 | €139,507 | €195,721 | +€56,214 | +40.3% |
| Plant, machinery and equipment | 23 | €9,340 | €26,583 | +€17,243 | +184.6% |
| Furniture and vehicles | 24 | €25,601 | €66,207 | +€40,606 | +158.6% |
| Leasing and similar rights | 25 | €1,028 | €272 | -€757 | -73.6% |
| Assets under construction and advance payments | 27 | €103,537 | €102,660 | -€878 | -0.8% |
| Financial fixed assets | 28 | €2,679 | €2,679 | = | 0.0% |
| Current assets | 29/58 | €367,646 | €427,833 | +€60,187 | +16.4% |
| Stocks and contracts in progress | 3 | €79,980 | €190,991 | +€111,011 | +138.8% |
| Stocks | 30/36 | €29,067 | €71,759 | +€42,692 | +146.9% |
| Contracts in progress | 37 | €50,913 | €119,232 | +€68,319 | +134.2% |
| Amounts receivable within one year | 40/41 | €236,153 | €202,490 | -€33,663 | -14.3% |
| Trade receivables | 40 | €220,727 | €188,379 | -€32,348 | -14.7% |
| Other amounts receivable | 41 | €15,426 | €14,111 | -€1,315 | -8.5% |
| Cash at bank and in hand | 54/58 | €29,369 | €8,627 | -€20,742 | -70.6% |
| Deferred charges and accrued income | 490/1 | €22,144 | €25,726 | +€3,582 | +16.2% |
| Total equity and liabilities | 10/49 | €509,832 | €626,233 | +€116,401 | +22.8% |
| Equity | 10/15 | -€188,293 | -€167,560 | +€20,734 | +11.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €72,562 | €72,562 | = | 0.0% |
| Distributable reserves | 133 | €72,562 | €72,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€260,955 | -€240,221 | +€20,734 | +7.9% |
| Amounts payable | 17/49 | €698,125 | €793,793 | +€95,668 | +13.7% |
| Amounts payable after more than one year | 17 | €222,682 | €246,050 | +€23,369 | +10.5% |
| Financial debts | 170/4 | €222,682 | €246,050 | +€23,369 | +10.5% |
| Amounts payable within one year | 42/48 | €474,938 | €547,743 | +€72,805 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €21,088 | €29,801 | +€8,713 | +41.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €203,463 | €195,001 | -€8,461 | -4.2% |
| Suppliers | 440/4 | €203,463 | €195,001 | -€8,461 | -4.2% |
| Taxes, remuneration and social security | 45 | €44,647 | €51,696 | +€7,050 | +15.8% |
| Taxes | 450/3 | €14,944 | €8,532 | -€6,413 | -42.9% |
| Remuneration and social security | 454/9 | €29,702 | €43,165 | +€13,463 | +45.3% |
| Other amounts payable | 47/48 | €5,741 | €71,245 | +€65,504 | +1141.0% |
| Accrued charges and deferred income | 492/3 | €506 | - | -€506 | |
| Remuneration, social security and pensions | 62 | €471,367 | €678,135 | +€206,768 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,370 | €23,726 | +€3,356 | +16.5% |
| Other operating charges | 640/8 | €5,398 | €9,968 | +€4,570 | +84.6% |
| Gross operating margin | 9900 | €261,716 | €771,211 | +€509,495 | +194.7% |
| Operating profit (loss) | 9901 | -€235,420 | €59,381 | +€294,801 | |
| Financial income | 75/76B | €4,218 | €106 | -€4,113 | -97.5% |
| Recurring financial income | 75 | €4,218 | €106 | -€4,113 | -97.5% |
| Financial charges | 65/66B | €29,854 | €38,753 | +€8,900 | +29.8% |
| Recurring financial charges | 65 | €29,854 | €38,753 | +€8,900 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€261,055 | €20,734 | +€281,788 | |
| Income taxes | 67/77 | -€100 | - | +€100 | |
| Profit (loss) for the period | 9904 | -€260,955 | €20,734 | +€281,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€260,955 | €20,734 | +€281,689 |
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 29 September 2026 via checked.be.