RESEARCH MANAGEMENT SYSTEMS: 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.
RESEARCH MANAGEMENT SYSTEMS
Largest movements
- Receivables within one year -€171,215
down €171,215 (-71.3%), from €239,999 to €68,785
of which Other amounts receivable: -€179,258
- Cash -€133,650
down €133,650 (-94.3%), from €141,802 to €8,152
mainly Contributions, distributions and other (-€618,344) and Net result for the year (-€14,933)
- Tangible fixed assets -€18,127
down €18,127 (-1.9%), from €957,981 to €939,854
of which Land and buildings: -€15,414
- Reserves -€618,344
down €618,344 (-71.7%), from €862,469 to €244,125
- Other debts +€303,257
up €303,257 (+607%), from €50,000 to €353,257
- Profit (loss) carried forward -€14,933
down €14,933 (-5.5%), from €273,560 to €258,627
- Gross operating margin -€87,085
down €87,085 (-85.4%), from €101,953 to €14,868
- Taxes -€24,589
down €24,589 (-98.8%), from €24,895 to €306
- Depreciation -€10,608
down €10,608 (-34.0%), from €31,185 to €20,577
- Financial income -€7,600
no longer reported in 2025 (was €7,600)
- Financial charges +€3,851
up €3,851 (+1,245%), from €309 to €4,161
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.
Derived cash bridge
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 | €1,351,450 | €1,028,664 | -€322,787 | -23.9% |
| Fixed assets | 21/28 | €967,281 | €949,154 | -€18,127 | -1.9% |
| Tangible fixed assets | 22/27 | €957,981 | €939,854 | -€18,127 | -1.9% |
| Land and buildings | 22 | €950,867 | €935,452 | -€15,414 | -1.6% |
| Furniture and vehicles | 24 | €7,114 | €4,402 | -€2,713 | -38.1% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €384,170 | €79,510 | -€304,660 | -79.3% |
| Amounts receivable within one year | 40/41 | €239,999 | €68,785 | -€171,215 | -71.3% |
| Trade receivables | 40 | €8,961 | €17,004 | +€8,043 | +89.8% |
| Other amounts receivable | 41 | €231,038 | €51,780 | -€179,258 | -77.6% |
| Cash at bank and in hand | 54/58 | €141,802 | €8,152 | -€133,650 | -94.3% |
| Deferred charges and accrued income | 490/1 | €2,368 | €2,573 | +€205 | +8.6% |
| Total equity and liabilities | 10/49 | €1,351,450 | €1,028,664 | -€322,787 | -23.9% |
| Equity | 10/15 | €1,266,029 | €632,752 | -€633,277 | -50.0% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €862,469 | €244,125 | -€618,344 | -71.7% |
| Distributable reserves | 133 | €862,469 | €244,125 | -€618,344 | -71.7% |
| Profit (loss) carried forward | 14 | €273,560 | €258,627 | -€14,933 | -5.5% |
| Amounts payable | 17/49 | €85,422 | €395,911 | +€310,490 | +363% |
| Amounts payable within one year | 42/48 | €84,554 | €394,944 | +€310,390 | +367% |
| Trade debts | 44 | €9,659 | €6,727 | -€2,931 | -30.3% |
| Suppliers | 440/4 | €9,659 | €6,727 | -€2,931 | -30.3% |
| Taxes, remuneration and social security | 45 | €24,895 | €34,960 | +€10,065 | +40.4% |
| Taxes | 450/3 | €24,895 | €34,960 | +€10,065 | +40.4% |
| Other amounts payable | 47/48 | €50,000 | €353,257 | +€303,257 | +607% |
| Accrued charges and deferred income | 492/3 | €868 | €968 | +€100 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,185 | €20,577 | -€10,608 | -34.0% |
| Other operating charges | 640/8 | €4,915 | €4,756 | -€159 | -3.2% |
| Gross operating margin | 9900 | €101,953 | €14,868 | -€87,085 | -85.4% |
| Operating profit (loss) | 9901 | €65,852 | -€10,466 | -€76,318 | |
| Financial income | 75/76B | €7,600 | - | -€7,600 | |
| Recurring financial income | 75 | €7,600 | - | -€7,600 | |
| Financial charges | 65/66B | €309 | €4,161 | +€3,851 | +1,245% |
| Recurring financial charges | 65 | €309 | €4,161 | +€3,851 | +1,245% |
| Profit (loss) for the period before taxes | 9903 | €73,144 | -€14,626 | -€87,770 | |
| Income taxes | 67/77 | €24,895 | €306 | -€24,589 | -98.8% |
| Profit (loss) for the period | 9904 | €48,249 | -€14,933 | -€63,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,249 | -€14,933 | -€63,181 |
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 18 October 2026 via checked.be.