RM Concept: 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 Concept
Largest movements
- Cash +€27,535
up €27,535 (+172.3%), from €15,982 to €43,518
mainly Depreciation (+€38,665) and Tax, wage and social debts (+€26,390)
- Intangible fixed assets -€14,800
down €14,800 (-31.6%), from €46,822 to €32,022
- Tangible fixed assets -€11,736
down €11,736 (-20.5%), from €57,131 to €45,395
of which Furniture and vehicles: -€10,032
- Receivables within one year +€7,599
up €7,599 (+5.8%), from €131,806 to €139,405
of which Trade receivables: +€16,461
- Tax, wage and social debts +€26,390
up €26,390 (+129.4%), from €20,387 to €46,776
of which Taxes: +€18,111
- Debts after one year -€25,905
no longer reported in 2025 (was €25,905)
- Advances received +€5,664
up €5,664 (+185.1%), from €3,059 to €8,723
- Current portion of long-term debt -€3,082
down €3,082 (-10.6%), from €28,987 to €25,905
- Gross operating margin +€42,991
up €42,991 (+16.5%), from €260,033 to €303,024
- Staff costs +€22,546
up €22,546 (+12.1%), from €185,695 to €208,241
- Other operating charges +€11,169
up €11,169 (+82.0%), from €13,626 to €24,795
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 | €277,196 | €284,424 | +€7,227 | +2.6% |
| Fixed assets | 21/28 | €125,179 | €98,643 | -€26,536 | -21.2% |
| Intangible fixed assets | 21 | €46,822 | €32,022 | -€14,800 | -31.6% |
| Tangible fixed assets | 22/27 | €57,131 | €45,395 | -€11,736 | -20.5% |
| Land and buildings | 22 | €27,905 | €26,626 | -€1,279 | -4.6% |
| Plant, machinery and equipment | 23 | €7,156 | €6,730 | -€426 | -6.0% |
| Furniture and vehicles | 24 | €22,070 | €12,039 | -€10,032 | -45.5% |
| Financial fixed assets | 28 | €21,226 | €21,226 | = | 0.0% |
| Current assets | 29/58 | €152,017 | €185,780 | +€33,764 | +22.2% |
| Amounts receivable within one year | 40/41 | €131,806 | €139,405 | +€7,599 | +5.8% |
| Trade receivables | 40 | €82,172 | €98,633 | +€16,461 | +20.0% |
| Other amounts receivable | 41 | €49,635 | €40,772 | -€8,862 | -17.9% |
| Cash at bank and in hand | 54/58 | €15,982 | €43,518 | +€27,535 | +172.3% |
| Deferred charges and accrued income | 490/1 | €4,228 | €2,857 | -€1,371 | -32.4% |
| Total equity and liabilities | 10/49 | €277,196 | €284,424 | +€7,227 | +2.6% |
| Equity | 10/15 | €54,901 | €57,570 | +€2,668 | +4.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,841 | €49,510 | +€2,668 | +5.7% |
| Amounts payable | 17/49 | €222,295 | €226,854 | +€4,559 | +2.1% |
| Amounts payable after more than one year | 17 | €25,905 | - | -€25,905 | |
| Financial debts | 170/4 | €25,905 | - | -€25,905 | |
| Amounts payable within one year | 42/48 | €196,390 | €226,854 | +€30,464 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €28,987 | €25,905 | -€3,082 | -10.6% |
| Trade debts | 44 | €142,738 | €144,218 | +€1,481 | +1.0% |
| Suppliers | 440/4 | €142,738 | €144,218 | +€1,481 | +1.0% |
| Advances received on contracts in progress | 46 | €3,059 | €8,723 | +€5,664 | +185.1% |
| Taxes, remuneration and social security | 45 | €20,387 | €46,776 | +€26,390 | +129.4% |
| Taxes | 450/3 | €1,624 | €19,736 | +€18,111 | +1115.0% |
| Remuneration and social security | 454/9 | €18,762 | €27,041 | +€8,278 | +44.1% |
| Other amounts payable | 47/48 | €1,219 | €1,231 | +€12 | +1.0% |
| Non-recurring operating income | 76A | - | €2,926 | +€2,926 | |
| Remuneration, social security and pensions | 62 | €185,695 | €208,241 | +€22,546 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,582 | €38,665 | +€83 | +0.2% |
| Other operating charges | 640/8 | €13,626 | €24,795 | +€11,169 | +82.0% |
| Non-recurring operating charges | 66A | €19,794 | - | -€19,794 | |
| Gross operating margin | 9900 | €260,033 | €303,024 | +€42,991 | +16.5% |
| Operating profit (loss) | 9901 | €2,335 | €31,322 | +€28,987 | +1241.4% |
| Financial income | 75/76B | €3,173 | €2,376 | -€797 | -25.1% |
| Recurring financial income | 75 | €3,173 | €2,376 | -€797 | -25.1% |
| Financial charges | 65/66B | €26,312 | €28,392 | +€2,081 | +7.9% |
| Recurring financial charges | 65 | €26,312 | €28,392 | +€2,081 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,804 | €5,306 | +€26,109 | |
| Income taxes | 67/77 | €934 | €2,637 | +€1,704 | +182.4% |
| Profit (loss) for the period | 9904 | -€21,737 | €2,668 | +€24,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,737 | €2,668 | +€24,406 |
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.