RESPIRMED: 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.
RESPIRMED
Largest movements
- Cash +€85,827
up €85,827 (+63.9%), from €134,349 to €220,176
mainly Other debts (+€210,023) and Net result for the year (+€128,033)
- Receivables within one year +€54,579
up €54,579 (+172%), from €31,677 to €86,256
of which Trade receivables: +€49,479
- Current investments +€19,000
up €19,000 (+63.3%), from €30,000 to €49,000
- Other debts +€210,023
up €210,023 (+4,697%), from €4,471 to €214,494
- Profit (loss) carried forward -€102,967
down €102,967 (-61.2%), from €168,279 to €65,312
- Provisions +€49,150
new in 2025: €49,150
- Provisions +€49,150
new in 2025: €49,150
- Gross operating margin +€44,016
up €44,016 (+22.8%), from €192,839 to €236,855
- Taxes +€12,725
up €12,725 (+30.2%), from €42,175 to €54,900
- Financial charges -€3,073
down €3,073 (-80.3%), from €3,826 to €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.
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 | €206,257 | €362,477 | +€156,220 | +75.7% |
| Fixed assets | 21/28 | €10,230 | €6,649 | -€3,582 | -35.0% |
| Tangible fixed assets | 22/27 | €10,230 | €6,649 | -€3,582 | -35.0% |
| Plant, machinery and equipment | 23 | €2,729 | €2,217 | -€512 | -18.7% |
| Furniture and vehicles | 24 | €7,502 | €4,432 | -€3,070 | -40.9% |
| Current assets | 29/58 | €196,026 | €355,828 | +€159,802 | +81.5% |
| Amounts receivable within one year | 40/41 | €31,677 | €86,256 | +€54,579 | +172% |
| Trade receivables | 40 | €29,853 | €79,332 | +€49,479 | +166% |
| Other amounts receivable | 41 | €1,825 | €6,924 | +€5,100 | +280% |
| Current investments | 50/53 | €30,000 | €49,000 | +€19,000 | +63.3% |
| Cash at bank and in hand | 54/58 | €134,349 | €220,176 | +€85,827 | +63.9% |
| Deferred charges and accrued income | 490/1 | - | €396 | +€396 | |
| Total equity and liabilities | 10/49 | €206,257 | €362,477 | +€156,220 | +75.7% |
| Equity | 10/15 | €201,749 | €98,782 | -€102,967 | -51.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €29,470 | €29,470 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,470 | €0 | -€29,470 | -100% |
| Distributable reserves | 133 | - | €29,470 | +€29,470 | |
| Profit (loss) carried forward | 14 | €168,279 | €65,312 | -€102,967 | -61.2% |
| Provisions and deferred taxes | 16 | - | €49,150 | +€49,150 | |
| Provisions for liabilities and charges | 160/5 | - | €49,150 | +€49,150 | |
| Other liabilities and charges | 164/5 | - | €49,150 | +€49,150 | |
| Amounts payable | 17/49 | €4,508 | €214,545 | +€210,038 | +4,660% |
| Amounts payable within one year | 42/48 | €4,508 | €214,545 | +€210,038 | +4,660% |
| Trade debts | 44 | €36 | €51 | +€14 | +39.5% |
| Suppliers | 440/4 | €36 | €51 | +€14 | +39.5% |
| Other amounts payable | 47/48 | €4,471 | €214,494 | +€210,023 | +4,697% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,213 | €3,582 | +€369 | +11.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €49,150 | +€49,150 | |
| Other operating charges | 640/8 | €569 | €444 | -€125 | -22.0% |
| Gross operating margin | 9900 | €192,839 | €236,855 | +€44,016 | +22.8% |
| Operating profit (loss) | 9901 | €189,057 | €183,679 | -€5,378 | -2.8% |
| Financial income | 75/76B | €717 | €6 | -€710 | -99.1% |
| Recurring financial income | 75 | €717 | €6 | -€710 | -99.1% |
| Financial charges | 65/66B | €3,826 | €753 | -€3,073 | -80.3% |
| Recurring financial charges | 65 | €3,826 | €753 | -€3,073 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €185,948 | €182,933 | -€3,015 | -1.6% |
| Income taxes | 67/77 | €42,175 | €54,900 | +€12,725 | +30.2% |
| Profit (loss) for the period | 9904 | €143,773 | €128,033 | -€15,740 | -10.9% |
| Transfer from tax-exempt reserves | 789 | - | €29,470 | +€29,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €143,773 | €157,503 | +€13,730 | +9.5% |
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 19 October 2026 via checked.be.