RM & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year +€31,255
up €31,255 (+35.3%), from €88,625 to €119,880
of which Other amounts receivable: +€41,166
- Cash +€16,948
up €16,948 (+83.0%), from €20,416 to €37,364
- Deferred charges and accrued income +€4,688
up €4,688 (+102%), from €4,617 to €9,305
- Tangible fixed assets -€2,454
down €2,454 (-8.1%), from €30,311 to €27,857
of which Furniture and vehicles: -€2,146
- Reserves +€60,000
up €60,000 (+2,991%), from €2,006 to €62,006
of which Distributable reserves: +€60,000
- Trade debts +€26,110
up €26,110 (+1,664%), from €1,569 to €27,679
- Tax, wage and social debts -€16,743
down €16,743 (-33.4%), from €50,158 to €33,415
of which Remuneration and social security: -€18,294
- Debts after one year -€10,271
down €10,271 (-85.4%), from €12,032 to €1,761
- Short-term financial debts -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Turnover +€386,690
new in 2025: €386,690
- Purchases and services +€241,092
new in 2025: €241,092
- Staff costs -€119,057
down €119,057 (-62.3%), from €191,164 to €72,106
- Gross operating margin -€87,077
down €87,077 (-36.6%), from €237,993 to €150,916
- Taxes +€8,345
up €8,345 (+108%), from €7,751 to €16,096
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,778 | €196,605 | +€51,827 | +35.8% |
| Fixed assets | 21/28 | €31,121 | €30,056 | -€1,065 | -3.4% |
| Intangible fixed assets | 21 | - | €1,389 | +€1,389 | |
| Tangible fixed assets | 22/27 | €30,311 | €27,857 | -€2,454 | -8.1% |
| Plant, machinery and equipment | 23 | €23,566 | €23,257 | -€308 | -1.3% |
| Furniture and vehicles | 24 | €6,745 | €4,599 | -€2,146 | -31.8% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €113,658 | €166,549 | +€52,892 | +46.5% |
| Amounts receivable within one year | 40/41 | €88,625 | €119,880 | +€31,255 | +35.3% |
| Trade receivables | 40 | €41,705 | €31,795 | -€9,911 | -23.8% |
| Other amounts receivable | 41 | €46,919 | €88,085 | +€41,166 | +87.7% |
| Cash at bank and in hand | 54/58 | €20,416 | €37,364 | +€16,948 | +83.0% |
| Deferred charges and accrued income | 490/1 | €4,617 | €9,305 | +€4,688 | +102% |
| Total equity and liabilities | 10/49 | €144,778 | €196,605 | +€51,827 | +35.8% |
| Equity | 10/15 | €43,584 | €106,636 | +€63,052 | +145% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,006 | €62,006 | +€60,000 | +2,991% |
| Non-distributable reserves | 130/1 | €2,006 | €2,006 | = | 0.0% |
| Legal reserve | 130 | €2,006 | €2,006 | = | 0.0% |
| Distributable reserves | 133 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | €22,977 | €26,030 | +€3,052 | +13.3% |
| Amounts payable | 17/49 | €101,195 | €89,969 | -€11,226 | -11.1% |
| Amounts payable after more than one year | 17 | €12,032 | €1,761 | -€10,271 | -85.4% |
| Financial debts | 170/4 | €12,032 | €1,761 | -€10,271 | -85.4% |
| Amounts payable within one year | 42/48 | €88,609 | €88,208 | -€401 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €3,314 | €3,479 | +€165 | +5.0% |
| Financial debts | 43 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Credit institutions | 430/8 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Trade debts | 44 | €1,569 | €27,679 | +€26,110 | +1,664% |
| Suppliers | 440/4 | €1,569 | €27,679 | +€26,110 | +1,664% |
| Taxes, remuneration and social security | 45 | €50,158 | €33,415 | -€16,743 | -33.4% |
| Taxes | 450/3 | €17,583 | €19,133 | +€1,551 | +8.8% |
| Remuneration and social security | 454/9 | €32,575 | €14,282 | -€18,294 | -56.2% |
| Other amounts payable | 47/48 | €8,568 | €3,635 | -€4,933 | -57.6% |
| Accrued charges and deferred income | 492/3 | €554 | - | -€554 | |
| Turnover | 70 | - | €386,690 | +€386,690 | |
| Non-recurring operating income | 76A | €1,119 | - | -€1,119 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €241,092 | +€241,092 | |
| Remuneration, social security and pensions | 62 | €191,164 | €72,106 | -€119,057 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,184 | €8,177 | +€993 | +13.8% |
| Other operating charges | 640/8 | €3,335 | €2,598 | -€737 | -22.1% |
| Non-recurring operating charges | 66A | €4,585 | - | -€4,585 | |
| Gross operating margin | 9900 | €237,993 | €150,916 | -€87,077 | -36.6% |
| Operating profit (loss) | 9901 | €31,725 | €68,034 | +€36,309 | +114% |
| Financial income | 75/76B | €15 | €424 | +€410 | +2,785% |
| Recurring financial income | 75 | €15 | €424 | +€410 | +2,785% |
| Financial charges | 65/66B | €8,240 | €7,647 | -€593 | -7.2% |
| Recurring financial charges | 65 | €8,240 | €7,647 | -€593 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €23,500 | €60,812 | +€37,312 | +159% |
| Income taxes | 67/77 | €7,751 | €16,096 | +€8,345 | +108% |
| Profit (loss) for the period | 9904 | €15,749 | €44,716 | +€28,967 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €15,749 | €44,716 | +€28,967 | +184% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 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.