RM Land: 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 Land
Largest movements
- Receivables within one year +€15,992
up €15,992 (+344%), from €4,644 to €20,636
of which Trade receivables: +€15,795
- Cash +€13,904
new in 2025: €13,904
mainly Net result for the year (+€47,453) and Depreciation (+€15,360)
- Tangible fixed assets -€12,558
down €12,558 (-27.3%), from €46,062 to €33,504
of which Furniture and vehicles: -€10,275
- Stocks and contracts -€12,054
down €12,054 (-52.2%), from €23,114 to €11,060
- Profit (loss) carried forward +€47,453
up €47,453 (+64.3%), from -€73,783 to -€26,330
- Short-term financial debts -€41,164
no longer reported in 2025 (was €41,164)
- Debts after one year -€14,195
down €14,195 (-22.7%), from €62,581 to €48,386
- Other debts +€8,775
up €8,775 (+97.3%), from €9,016 to €17,791
- Tax, wage and social debts +€8,440
up €8,440 (+420%), from €2,011 to €10,451
- Gross operating margin +€101,930
up €101,930, from -€28,464 to €73,465
- Depreciation +€3,334
up €3,334 (+27.7%), from €12,026 to €15,360
- Other operating charges +€1,558
up €1,558 (+78.4%), from €1,987 to €3,545
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.
Derived cash bridge
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 | €76,953 | €82,367 | +€5,414 | +7.0% |
| Fixed assets | 21/28 | €47,821 | €35,264 | -€12,558 | -26.3% |
| Tangible fixed assets | 22/27 | €46,062 | €33,504 | -€12,558 | -27.3% |
| Plant, machinery and equipment | 23 | €13,433 | €10,449 | -€2,984 | -22.2% |
| Furniture and vehicles | 24 | €23,406 | €13,131 | -€10,275 | -43.9% |
| Other tangible fixed assets | 26 | €9,223 | €9,925 | +€702 | +7.6% |
| Financial fixed assets | 28 | €1,760 | €1,760 | = | 0.0% |
| Current assets | 29/58 | €29,132 | €47,104 | +€17,972 | +61.7% |
| Stocks and contracts in progress | 3 | €23,114 | €11,060 | -€12,054 | -52.2% |
| Stocks | 30/36 | €23,114 | €11,060 | -€12,054 | -52.2% |
| Amounts receivable within one year | 40/41 | €4,644 | €20,636 | +€15,992 | +344% |
| Trade receivables | 40 | €4,644 | €20,439 | +€15,795 | +340% |
| Other amounts receivable | 41 | - | €197 | +€197 | |
| Cash at bank and in hand | 54/58 | - | €13,904 | +€13,904 | |
| Deferred charges and accrued income | 490/1 | €1,374 | €1,504 | +€130 | +9.4% |
| Total equity and liabilities | 10/49 | €76,953 | €82,367 | +€5,414 | +7.0% |
| Equity | 10/15 | -€58,783 | -€11,330 | +€47,453 | +80.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,783 | -€26,330 | +€47,453 | +64.3% |
| Amounts payable | 17/49 | €135,737 | €93,698 | -€42,039 | -31.0% |
| Amounts payable after more than one year | 17 | €62,581 | €48,386 | -€14,195 | -22.7% |
| Financial debts | 170/4 | €62,581 | €48,386 | -€14,195 | -22.7% |
| Amounts payable within one year | 42/48 | €73,155 | €45,312 | -€27,843 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €12,419 | €14,195 | +€1,777 | +14.3% |
| Financial debts | 43 | €41,164 | - | -€41,164 | |
| Credit institutions | 430/8 | €41,164 | - | -€41,164 | |
| Trade debts | 44 | €483 | €2,275 | +€1,791 | +371% |
| Suppliers | 440/4 | €483 | €2,275 | +€1,791 | +371% |
| Advances received on contracts in progress | 46 | €8,062 | €600 | -€7,462 | -92.6% |
| Taxes, remuneration and social security | 45 | €2,011 | €10,451 | +€8,440 | +420% |
| Taxes | 450/3 | €2,011 | €10,451 | +€8,440 | +420% |
| Other amounts payable | 47/48 | €9,016 | €17,791 | +€8,775 | +97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,026 | €15,360 | +€3,334 | +27.7% |
| Other operating charges | 640/8 | €1,987 | €3,545 | +€1,558 | +78.4% |
| Gross operating margin | 9900 | -€28,464 | €73,465 | +€101,930 | |
| Operating profit (loss) | 9901 | -€42,477 | €54,561 | +€97,038 | |
| Financial charges | 65/66B | €6,454 | €6,785 | +€331 | +5.1% |
| Recurring financial charges | 65 | €6,454 | €6,785 | +€331 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,932 | €47,775 | +€96,707 | |
| Income taxes | 67/77 | €400 | €323 | -€77 | -19.3% |
| Profit (loss) for the period | 9904 | -€49,332 | €47,453 | +€96,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,332 | €47,453 | +€96,784 |
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 15 October 2026 via checked.be.