RKMA: 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.
RKMA
Largest movements
- Receivables within one year -€78,096
down €78,096 (-77.5%), from €100,828 to €22,731
of which Trade receivables: -€75,695
- Cash -€14,154
down €14,154 (-59.7%), from €23,697 to €9,543
mainly Other debts (-€100,117) and Contributions, distributions and other (-€82,353)
- Tangible fixed assets +€11,183
up €11,183 (+433.5%), from €2,580 to €13,763
- Financial fixed assets +€10,000
new in 2025: €10,000
- Other debts -€100,117
down €100,117 (-94.0%), from €106,517 to €6,400
- Profit (loss) carried forward +€28,423
up €28,423 (+977.2%), from €2,909 to €31,331
- Trade debts +€14,041
up €14,041 (+5283.8%), from €266 to €14,306
- Tax, wage and social debts -€13,800
down €13,800 (-82.1%), from €16,800 to €3,000
of which Taxes: -€15,800
- Gross operating margin -€4,921
down €4,921 (-3.3%), from €149,393 to €144,473
- Taxes -€3,372
down €3,372 (-9.5%), from €35,314 to €31,942
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 | €127,491 | €56,037 | -€71,454 | -56.0% |
| Fixed assets | 21/28 | €2,580 | €23,763 | +€21,183 | +821.1% |
| Tangible fixed assets | 22/27 | €2,580 | €13,763 | +€11,183 | +433.5% |
| Furniture and vehicles | 24 | €2,580 | €13,763 | +€11,183 | +433.5% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €124,911 | €32,274 | -€92,637 | -74.2% |
| Amounts receivable within one year | 40/41 | €100,828 | €22,731 | -€78,096 | -77.5% |
| Trade receivables | 40 | €96,289 | €20,594 | -€75,695 | -78.6% |
| Other amounts receivable | 41 | €4,539 | €2,137 | -€2,402 | -52.9% |
| Cash at bank and in hand | 54/58 | €23,697 | €9,543 | -€14,154 | -59.7% |
| Deferred charges and accrued income | 490/1 | €386 | - | -€386 | |
| Total equity and liabilities | 10/49 | €127,491 | €56,037 | -€71,454 | -56.0% |
| Equity | 10/15 | €3,909 | €32,331 | +€28,423 | +727.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,909 | €31,331 | +€28,423 | +977.2% |
| Amounts payable | 17/49 | €123,583 | €23,706 | -€99,877 | -80.8% |
| Amounts payable within one year | 42/48 | €123,583 | €23,706 | -€99,877 | -80.8% |
| Trade debts | 44 | €266 | €14,306 | +€14,041 | +5283.8% |
| Suppliers | 440/4 | €266 | €14,306 | +€14,041 | +5283.8% |
| Taxes, remuneration and social security | 45 | €16,800 | €3,000 | -€13,800 | -82.1% |
| Taxes | 450/3 | €16,800 | €1,000 | -€15,800 | -94.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €106,517 | €6,400 | -€100,117 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | €1,553 | +€1,181 | +317.4% |
| Other operating charges | 640/8 | €184 | €126 | -€57 | -31.2% |
| Gross operating margin | 9900 | €149,393 | €144,473 | -€4,921 | -3.3% |
| Operating profit (loss) | 9901 | €148,837 | €142,793 | -€6,044 | -4.1% |
| Financial income | 75/76B | €895 | - | -€895 | |
| Recurring financial income | 75 | €895 | - | -€895 | |
| Financial charges | 65/66B | -€50 | €76 | +€126 | |
| Recurring financial charges | 65 | -€50 | €76 | +€126 | |
| Profit (loss) for the period before taxes | 9903 | €149,782 | €142,717 | -€7,065 | -4.7% |
| Income taxes | 67/77 | €35,314 | €31,942 | -€3,372 | -9.5% |
| Profit (loss) for the period | 9904 | €114,468 | €110,775 | -€3,692 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,468 | €110,775 | -€3,692 | -3.2% |
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 4 October 2026 via checked.be.