RM-B: 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.
RM-B
Largest movements
- Stocks and contracts -€28,841
down €28,841 (-50.9%), from €56,682 to €27,841
- Cash -€12,502
down €12,502 (-27.0%), from €46,387 to €33,885
mainly Net result for the year (-€31,546) and Tax, wage and social debts (-€4,410)
- Receivables within one year +€1,291
up €1,291 (+7.0%), from €18,562 to €19,853
of which Trade receivables: +€2,564
- Profit (loss) carried forward -€31,546
down €31,546 (-198.5%), from -€15,891 to -€47,437
- Tax, wage and social debts -€4,410
down €4,410 (-34.4%), from €12,826 to €8,416
of which Taxes: -€4,668
- Other debts -€3,460
down €3,460 (-4.6%), from €75,525 to €72,065
- Gross operating margin -€19,532
down €19,532 (-27.6%), from €70,679 to €51,148
- Staff costs -€6,601
down €6,601 (-7.8%), from €85,108 to €78,507
- Other operating charges +€1,359
up €1,359 (+163.3%), from €832 to €2,192
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 | €124,033 | €84,091 | -€39,942 | -32.2% |
| Current assets | 29/58 | €124,033 | €84,091 | -€39,942 | -32.2% |
| Stocks and contracts in progress | 3 | €56,682 | €27,841 | -€28,841 | -50.9% |
| Stocks | 30/36 | €56,682 | €27,841 | -€28,841 | -50.9% |
| Amounts receivable within one year | 40/41 | €18,562 | €19,853 | +€1,291 | +7.0% |
| Trade receivables | 40 | €16,762 | €19,326 | +€2,564 | +15.3% |
| Other amounts receivable | 41 | €1,800 | €527 | -€1,273 | -70.7% |
| Cash at bank and in hand | 54/58 | €46,387 | €33,885 | -€12,502 | -27.0% |
| Deferred charges and accrued income | 490/1 | €2,402 | €2,512 | +€110 | +4.6% |
| Total equity and liabilities | 10/49 | €124,033 | €84,091 | -€39,942 | -32.2% |
| Equity | 10/15 | -€891 | -€32,437 | -€31,546 | -3540.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,891 | -€47,437 | -€31,546 | -198.5% |
| Amounts payable | 17/49 | €124,924 | €116,528 | -€8,396 | -6.7% |
| Amounts payable within one year | 42/48 | €124,924 | €116,528 | -€8,396 | -6.7% |
| Trade debts | 44 | €36,573 | €36,047 | -€526 | -1.4% |
| Suppliers | 440/4 | €36,573 | €36,047 | -€526 | -1.4% |
| Taxes, remuneration and social security | 45 | €12,826 | €8,416 | -€4,410 | -34.4% |
| Taxes | 450/3 | €6,128 | €1,460 | -€4,668 | -76.2% |
| Remuneration and social security | 454/9 | €6,698 | €6,956 | +€258 | +3.9% |
| Other amounts payable | 47/48 | €75,525 | €72,065 | -€3,460 | -4.6% |
| Remuneration, social security and pensions | 62 | €85,108 | €78,507 | -€6,601 | -7.8% |
| Other operating charges | 640/8 | €832 | €2,192 | +€1,359 | +163.3% |
| Gross operating margin | 9900 | €70,679 | €51,148 | -€19,532 | -27.6% |
| Operating profit (loss) | 9901 | -€15,260 | -€29,551 | -€14,290 | -93.6% |
| Financial income | 75/76B | €2 | €30 | +€28 | +1389.2% |
| Recurring financial income | 75 | €2 | €30 | +€28 | +1389.2% |
| Financial charges | 65/66B | €1,987 | €1,893 | -€94 | -4.7% |
| Recurring financial charges | 65 | €1,987 | €1,893 | -€94 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,245 | -€31,414 | -€14,169 | -82.2% |
| Income taxes | 67/77 | €126 | €132 | +€6 | +4.7% |
| Profit (loss) for the period | 9904 | -€17,371 | -€31,546 | -€14,174 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,371 | -€31,546 | -€14,174 | -81.6% |
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 28 September 2026 via checked.be.