RHEUMA: 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.
RHEUMA
Largest movements
- Receivables within one year +€28,102
new in 2025: €28,102
- Current investments +€20,642
up €20,642 (+13.9%), from €148,200 to €168,842
- Tangible fixed assets -€11,537
down €11,537 (-5.8%), from €198,169 to €186,632
of which Land and buildings: -€10,964
- Reserves +€55,809
up €55,809 (+21.4%), from €260,983 to €316,792
of which Distributable reserves: +€56,971
- Tax, wage and social debts -€11,587
down €11,587 (-54.0%), from €21,451 to €9,864
- Financial charges +€8,284
up €8,284 (+750.7%), from €1,104 to €9,387
of which Non-recurring financial charges: +€8,487
- Gross operating margin -€6,388
down €6,388 (-5.6%), from €114,824 to €108,436
- Taxes -€2,291
down €2,291 (-7.5%), from €30,650 to €28,359
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 | €361,667 | €399,533 | +€37,866 | +10.5% |
| Fixed assets | 21/28 | €198,744 | €187,207 | -€11,537 | -5.8% |
| Tangible fixed assets | 22/27 | €198,169 | €186,632 | -€11,537 | -5.8% |
| Land and buildings | 22 | €196,797 | €185,832 | -€10,964 | -5.6% |
| Plant, machinery and equipment | 23 | €19 | - | -€19 | |
| Furniture and vehicles | 24 | €1,353 | €800 | -€554 | -40.9% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €162,923 | €212,325 | +€49,403 | +30.3% |
| Amounts receivable within one year | 40/41 | - | €28,102 | +€28,102 | |
| Other amounts receivable | 41 | - | €28,102 | +€28,102 | |
| Current investments | 50/53 | €148,200 | €168,842 | +€20,642 | +13.9% |
| Cash at bank and in hand | 54/58 | €12,051 | €12,843 | +€792 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,671 | €2,538 | -€132 | -5.0% |
| Total equity and liabilities | 10/49 | €361,667 | €399,533 | +€37,866 | +10.5% |
| Equity | 10/15 | €309,515 | €364,491 | +€54,976 | +17.8% |
| Contributions | 10/11 | €27,255 | €27,255 | = | 0.0% |
| Reserves | 13 | €260,983 | €316,792 | +€55,809 | +21.4% |
| Non-distributable reserves | 130/1 | €2,726 | €2,726 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,726 | €2,726 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,270 | €12,108 | -€1,162 | -8.8% |
| Distributable reserves | 133 | €244,987 | €301,957 | +€56,971 | +23.3% |
| Profit (loss) carried forward | 14 | €21,277 | €20,444 | -€833 | -3.9% |
| Provisions and deferred taxes | 16 | €3,870 | €3,372 | -€498 | -12.9% |
| Deferred taxes | 168 | €3,870 | €3,372 | -€498 | -12.9% |
| Amounts payable | 17/49 | €48,281 | €31,669 | -€16,612 | -34.4% |
| Amounts payable within one year | 42/48 | €48,281 | €31,669 | -€16,612 | -34.4% |
| Trade debts | 44 | €2,051 | €82 | -€1,969 | -96.0% |
| Suppliers | 440/4 | €2,051 | €82 | -€1,969 | -96.0% |
| Taxes, remuneration and social security | 45 | €21,451 | €9,864 | -€11,587 | -54.0% |
| Taxes | 450/3 | €21,451 | €9,864 | -€11,587 | -54.0% |
| Other amounts payable | 47/48 | €24,780 | €21,723 | -€3,057 | -12.3% |
| Non-recurring operating income | 76A | - | €9,404 | +€9,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,711 | €11,537 | +€826 | +7.7% |
| Other operating charges | 640/8 | €3,538 | €4,461 | +€923 | +26.1% |
| Gross operating margin | 9900 | €114,824 | €108,436 | -€6,388 | -5.6% |
| Operating profit (loss) | 9901 | €100,575 | €92,438 | -€8,137 | -8.1% |
| Financial income | 75/76B | €796 | €619 | -€176 | -22.1% |
| Recurring financial income | 75 | €796 | €619 | -€176 | -22.1% |
| Financial charges | 65/66B | €1,104 | €9,387 | +€8,284 | +750.7% |
| Recurring financial charges | 65 | €1,104 | €900 | -€203 | -18.4% |
| Non-recurring financial charges | 66B | - | €8,487 | +€8,487 | |
| Profit (loss) for the period before taxes | 9903 | €100,268 | €83,670 | -€16,597 | -16.6% |
| Transfer from deferred taxes | 780 | €498 | €498 | = | 0.0% |
| Income taxes | 67/77 | €30,650 | €28,359 | -€2,291 | -7.5% |
| Profit (loss) for the period | 9904 | €70,116 | €55,809 | -€14,307 | -20.4% |
| Transfer from tax-exempt reserves | 789 | €1,162 | €1,162 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,277 | €56,971 | -€14,307 | -20.1% |
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 8 October 2026 via checked.be.