RM GROUP: 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.
RM GROUP
Largest movements
- Tangible fixed assets +€26,792
up €26,792 (+305.0%), from €8,786 to €35,577
of which Furniture and vehicles: +€20,172
- Cash -€7,300
down €7,300 (-47.6%), from €15,323 to €8,023
mainly Investment in fixed assets (net) (-€36,074) and Other debts (-€3,454)
- Stocks and contracts +€1,655
up €1,655 (+14.3%), from €11,615 to €13,270
- Debts after one year +€13,862
new in 2025: €13,862
- Reserves +€4,000
up €4,000 (+638.7%), from €626 to €4,626
of which Distributable reserves: +€4,000
- Current portion of long-term debt +€3,861
new in 2025: €3,861
- Other debts -€3,454
down €3,454 (-19.3%), from €17,879 to €14,425
- Tax, wage and social debts +€2,354
up €2,354 (+76.7%), from €3,067 to €5,421
- Depreciation +€5,196
up €5,196 (+149.0%), from €3,487 to €8,683
- Gross operating margin +€2,925
up €2,925 (+18.7%), from €15,646 to €18,571
- Taxes +€1,615
up €1,615 (+1051.2%), from €154 to €1,769
- Financial charges +€833
up €833 (+45.7%), from €1,825 to €2,658
- Other operating charges -€640
down €640 (-31.6%), from €2,022 to €1,383
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 | €48,286 | €69,930 | +€21,643 | +44.8% |
| Fixed assets | 21/28 | €9,986 | €37,377 | +€27,392 | +274.3% |
| Tangible fixed assets | 22/27 | €8,786 | €35,577 | +€26,792 | +305.0% |
| Land and buildings | 22 | - | €3,886 | +€3,886 | |
| Plant, machinery and equipment | 23 | €7,543 | €10,276 | +€2,733 | +36.2% |
| Furniture and vehicles | 24 | €1,243 | €21,415 | +€20,172 | +1622.9% |
| Financial fixed assets | 28 | €1,200 | €1,800 | +€600 | +50.0% |
| Current assets | 29/58 | €38,301 | €32,552 | -€5,748 | -15.0% |
| Stocks and contracts in progress | 3 | €11,615 | €13,270 | +€1,655 | +14.3% |
| Stocks | 30/36 | €11,615 | €13,270 | +€1,655 | +14.3% |
| Amounts receivable within one year | 40/41 | €11,363 | €11,260 | -€104 | -0.9% |
| Trade receivables | 40 | €11,363 | €11,260 | -€104 | -0.9% |
| Cash at bank and in hand | 54/58 | €15,323 | €8,023 | -€7,300 | -47.6% |
| Total equity and liabilities | 10/49 | €48,286 | €69,930 | +€21,643 | +44.8% |
| Equity | 10/15 | €26,570 | €30,652 | +€4,082 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €626 | €4,626 | +€4,000 | +638.7% |
| Non-distributable reserves | 130/1 | €626 | €626 | = | 0.0% |
| Other | 1319 | €626 | €626 | = | 0.0% |
| Distributable reserves | 133 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | €7,344 | €7,426 | +€82 | +1.1% |
| Amounts payable | 17/49 | €21,716 | €39,278 | +€17,562 | +80.9% |
| Amounts payable after more than one year | 17 | - | €13,862 | +€13,862 | |
| Financial debts | 170/4 | - | €13,862 | +€13,862 | |
| Amounts payable within one year | 42/48 | €21,716 | €25,415 | +€3,699 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,861 | +€3,861 | |
| Trade debts | 44 | €769 | €1,708 | +€939 | +122.1% |
| Suppliers | 440/4 | €769 | €1,708 | +€939 | +122.1% |
| Taxes, remuneration and social security | 45 | €3,067 | €5,421 | +€2,354 | +76.7% |
| Taxes | 450/3 | €3,067 | €5,421 | +€2,354 | +76.7% |
| Other amounts payable | 47/48 | €17,879 | €14,425 | -€3,454 | -19.3% |
| Non-recurring operating income | 76A | €5,829 | - | -€5,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,487 | €8,683 | +€5,196 | +149.0% |
| Other operating charges | 640/8 | €2,022 | €1,383 | -€640 | -31.6% |
| Gross operating margin | 9900 | €15,646 | €18,571 | +€2,925 | +18.7% |
| Operating profit (loss) | 9901 | €10,137 | €8,506 | -€1,631 | -16.1% |
| Financial income | 75/76B | €26 | €2 | -€24 | -91.6% |
| Recurring financial income | 75 | €26 | €2 | -€24 | -91.6% |
| Financial charges | 65/66B | €1,825 | €2,658 | +€833 | +45.7% |
| Recurring financial charges | 65 | €1,825 | €2,658 | +€833 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €8,338 | €5,850 | -€2,488 | -29.8% |
| Income taxes | 67/77 | €154 | €1,769 | +€1,615 | +1051.2% |
| Profit (loss) for the period | 9904 | €8,184 | €4,082 | -€4,103 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,184 | €4,082 | -€4,103 | -50.1% |
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 11 October 2026 via checked.be.