REMORX: 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.
REMORX
Largest movements
- Cash -€44,436
down €44,436 (-37.5%), from €118,478 to €74,042
mainly Other debts (-€81,842) and Debts after one year (-€16,243)
- Stocks and contracts -€21,234
down €21,234 (-16.9%), from €125,876 to €104,641
- Tangible fixed assets -€11,833
down €11,833 (-7.4%), from €159,380 to €147,548
of which Plant, machinery and equipment: -€6,060
- Other debts -€81,842
no longer reported in 2025 (was €81,842)
- Reserves +€31,430
up €31,430 (+15.6%), from €202,068 to €233,498
- Debts after one year -€16,243
down €16,243 (-30.3%), from €53,573 to €37,329
- Tax, wage and social debts -€11,366
down €11,366 (-31.1%), from €36,503 to €25,137
of which Remuneration and social security: -€7,312
- Staff costs -€65,192
down €65,192 (-97.0%), from €67,190 to €1,999
- Gross operating margin -€16,631
down €16,631 (-21.8%), from €76,298 to €59,668
- Taxes +€12,488
up €12,488, from -€13 to €12,475
- Depreciation -€2,871
down €2,871 (-19.5%), from €14,704 to €11,833
- Financial income -€1,426
down €1,426 (-36.2%), from €3,943 to €2,517
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 | €428,096 | €351,641 | -€76,456 | -17.9% |
| Fixed assets | 21/28 | €159,380 | €147,548 | -€11,833 | -7.4% |
| Tangible fixed assets | 22/27 | €159,380 | €147,548 | -€11,833 | -7.4% |
| Land and buildings | 22 | €135,893 | €135,893 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,449 | €9,389 | -€6,060 | -39.2% |
| Furniture and vehicles | 24 | €8,038 | €2,265 | -€5,773 | -71.8% |
| Current assets | 29/58 | €268,716 | €204,093 | -€64,623 | -24.0% |
| Stocks and contracts in progress | 3 | €125,876 | €104,641 | -€21,234 | -16.9% |
| Stocks | 30/36 | €125,876 | €104,641 | -€21,234 | -16.9% |
| Amounts receivable within one year | 40/41 | €19,148 | €19,739 | +€592 | +3.1% |
| Trade receivables | 40 | €16,148 | €19,739 | +€3,592 | +22.2% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €118,478 | €74,042 | -€44,436 | -37.5% |
| Deferred charges and accrued income | 490/1 | €5,215 | €5,670 | +€455 | +8.7% |
| Total equity and liabilities | 10/49 | €428,096 | €351,641 | -€76,456 | -17.9% |
| Equity | 10/15 | €213,485 | €244,921 | +€31,436 | +14.7% |
| Contributions | 10/11 | €11,417 | €11,417 | = | 0.0% |
| Reserves | 13 | €202,068 | €233,498 | +€31,430 | +15.6% |
| Distributable reserves | 133 | €202,068 | €233,498 | +€31,430 | +15.6% |
| Profit (loss) carried forward | 14 | - | €6 | +€6 | |
| Amounts payable | 17/49 | €214,611 | €106,720 | -€107,892 | -50.3% |
| Amounts payable after more than one year | 17 | €53,573 | €37,329 | -€16,243 | -30.3% |
| Financial debts | 170/4 | €53,573 | €37,329 | -€16,243 | -30.3% |
| Amounts payable within one year | 42/48 | €137,327 | €43,558 | -€93,768 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €16,527 | €16,243 | -€283 | -1.7% |
| Trade debts | 44 | €2,454 | €2,178 | -€276 | -11.3% |
| Suppliers | 440/4 | €2,454 | €2,178 | -€276 | -11.3% |
| Taxes, remuneration and social security | 45 | €36,503 | €25,137 | -€11,366 | -31.1% |
| Taxes | 450/3 | €29,192 | €25,137 | -€4,055 | -13.9% |
| Remuneration and social security | 454/9 | €7,312 | - | -€7,312 | |
| Other amounts payable | 47/48 | €81,842 | - | -€81,842 | |
| Accrued charges and deferred income | 492/3 | €23,712 | €25,832 | +€2,120 | +8.9% |
| Remuneration, social security and pensions | 62 | €67,190 | €1,999 | -€65,192 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,704 | €11,833 | -€2,871 | -19.5% |
| Other operating charges | 640/8 | €3,379 | €2,590 | -€788 | -23.3% |
| Gross operating margin | 9900 | €76,298 | €59,668 | -€16,631 | -21.8% |
| Operating profit (loss) | 9901 | -€8,974 | €43,246 | +€52,220 | |
| Financial income | 75/76B | €3,943 | €2,517 | -€1,426 | -36.2% |
| Recurring financial income | 75 | €3,943 | €2,517 | -€1,426 | -36.2% |
| Financial charges | 65/66B | €2,354 | €1,853 | -€501 | -21.3% |
| Recurring financial charges | 65 | €2,354 | €1,853 | -€501 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,385 | €43,911 | +€51,296 | |
| Income taxes | 67/77 | -€13 | €12,475 | +€12,488 | |
| Profit (loss) for the period | 9904 | -€7,372 | €31,436 | +€38,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,372 | €31,436 | +€38,808 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.