RM QUALITY: 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 QUALITY
Largest movements
- Receivables within one year +€42,256
up €42,256 (+91.0%), from €46,425 to €88,681
of which Other amounts receivable: +€30,161
- Tangible fixed assets -€18,919
down €18,919 (-12.0%), from €157,764 to €138,845
of which Land and buildings: -€13,861
- Cash -€8,921
down €8,921 (-31.2%), from €28,553 to €19,632
mainly Receivables within one year (-€42,256) and Current portion of long-term debt (-€9,827)
- Reserves +€31,001
up €31,001 (+16.9%), from €183,958 to €214,959
- Current portion of long-term debt -€9,827
down €9,827 (-53.0%), from €18,531 to €8,703
- Debts after one year -€8,703
down €8,703 (-100%), from €8,703 to €0
- Gross operating margin +€19,020
up €19,020 (+43.9%), from €43,364 to €62,384
- Taxes +€5,091
up €5,091 (+96.7%), from €5,262 to €10,353
- Depreciation -€870
down €870 (-4.4%), from €19,789 to €18,919
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 | €232,742 | €247,739 | +€14,997 | +6.4% |
| Fixed assets | 21/28 | €157,764 | €138,845 | -€18,919 | -12.0% |
| Tangible fixed assets | 22/27 | €157,764 | €138,845 | -€18,919 | -12.0% |
| Land and buildings | 22 | €146,873 | €133,012 | -€13,861 | -9.4% |
| Plant, machinery and equipment | 23 | €10,891 | €5,833 | -€5,058 | -46.4% |
| Current assets | 29/58 | €74,978 | €108,893 | +€33,916 | +45.2% |
| Amounts receivable within one year | 40/41 | €46,425 | €88,681 | +€42,256 | +91.0% |
| Trade receivables | 40 | €46,425 | €58,520 | +€12,095 | +26.1% |
| Other amounts receivable | 41 | €0 | €30,161 | +€30,161 | |
| Cash at bank and in hand | 54/58 | €28,553 | €19,632 | -€8,921 | -31.2% |
| Deferred charges and accrued income | 490/1 | - | €580 | +€580 | |
| Total equity and liabilities | 10/49 | €232,742 | €247,739 | +€14,997 | +6.4% |
| Equity | 10/15 | €202,558 | €233,559 | +€31,001 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,958 | €214,959 | +€31,001 | +16.9% |
| Distributable reserves | 133 | €183,958 | €214,959 | +€31,001 | +16.9% |
| Amounts payable | 17/49 | €30,184 | €14,180 | -€16,005 | -53.0% |
| Amounts payable after more than one year | 17 | €8,703 | €0 | -€8,703 | -100% |
| Financial debts | 170/4 | €8,703 | €0 | -€8,703 | -100% |
| Amounts payable within one year | 42/48 | €21,481 | €14,180 | -€7,301 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €18,531 | €8,703 | -€9,827 | -53.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €312 | €2,720 | +€2,407 | +770% |
| Suppliers | 440/4 | €312 | €2,720 | +€2,407 | +770% |
| Taxes, remuneration and social security | 45 | €2,638 | €2,757 | +€119 | +4.5% |
| Taxes | 450/3 | €2,638 | €2,757 | +€119 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,789 | €18,919 | -€870 | -4.4% |
| Other operating charges | 640/8 | €1,269 | €1,363 | +€93 | +7.4% |
| Gross operating margin | 9900 | €43,364 | €62,384 | +€19,020 | +43.9% |
| Operating profit (loss) | 9901 | €22,306 | €42,102 | +€19,796 | +88.8% |
| Financial income | 75/76B | €0 | €580 | +€580 | +5,802,100% |
| Recurring financial income | 75 | €0 | €580 | +€580 | +5,802,100% |
| Financial charges | 65/66B | €1,694 | €1,328 | -€366 | -21.6% |
| Recurring financial charges | 65 | €1,694 | €1,328 | -€366 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €20,611 | €41,354 | +€20,743 | +101% |
| Income taxes | 67/77 | €5,262 | €10,353 | +€5,091 | +96.7% |
| Profit (loss) for the period | 9904 | €15,349 | €31,001 | +€15,652 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €15,349 | €31,001 | +€15,652 | +102% |
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 28 October 2026 via checked.be.