RM REAL ESTATE: 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 REAL ESTATE
Largest movements
- Cash +€243,611
up €243,611 (+20,318%), from €1,199 to €244,810
mainly Trade debts (+€489,144) and Net result for the year (+€98,101)
- Trade debts +€489,144
up €489,144 (+72,345%), from €676 to €489,820
- Other debts -€216,970
down €216,970 (-71.6%), from €303,010 to €86,040
- Short-term financial debts -€159,000
down €159,000 (-52.6%), from €302,047 to €143,047
- Profit (loss) carried forward +€50,492
no longer reported in 2025 (was -€50,492)
- Reserves +€47,609
new in 2025: €47,609
- Gross operating margin +€168,210
up €168,210, from -€4,482 to €163,728
- Taxes +€23,849
new in 2025: €23,849
- Other operating charges +€19,618
up €19,618 (+1,332%), from €1,473 to €21,091
- Financial charges +€10,798
up €10,798 (+117%), from €9,226 to €20,024
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 | €682,241 | €917,365 | +€235,124 | +34.5% |
| Fixed assets | 21/28 | €4,684 | €3,513 | -€1,171 | -25.0% |
| Tangible fixed assets | 22/27 | €4,684 | €3,513 | -€1,171 | -25.0% |
| Plant, machinery and equipment | 23 | €4,684 | €3,513 | -€1,171 | -25.0% |
| Current assets | 29/58 | €677,557 | €913,852 | +€236,295 | +34.9% |
| Stocks and contracts in progress | 3 | €676,139 | €669,042 | -€7,097 | -1.0% |
| Stocks | 30/36 | €676,139 | €669,042 | -€7,097 | -1.0% |
| Amounts receivable within one year | 40/41 | €219 | - | -€219 | |
| Trade receivables | 40 | €219 | - | -€219 | |
| Cash at bank and in hand | 54/58 | €1,199 | €244,810 | +€243,611 | +20,318% |
| Total equity and liabilities | 10/49 | €682,241 | €917,365 | +€235,124 | +34.5% |
| Equity | 10/15 | -€46,492 | €51,609 | +€98,101 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €47,609 | +€47,609 | |
| Distributable reserves | 133 | - | €47,609 | +€47,609 | |
| Profit (loss) carried forward | 14 | -€50,492 | - | +€50,492 | |
| Amounts payable | 17/49 | €728,733 | €865,756 | +€137,023 | +18.8% |
| Amounts payable after more than one year | 17 | €123,000 | €123,000 | = | 0.0% |
| Financial debts | 170/4 | €123,000 | €123,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €605,733 | €742,756 | +€137,023 | +22.6% |
| Financial debts | 43 | €302,047 | €143,047 | -€159,000 | -52.6% |
| Credit institutions | 430/8 | €302,047 | €143,047 | -€159,000 | -52.6% |
| Trade debts | 44 | €676 | €489,820 | +€489,144 | +72,345% |
| Suppliers | 440/4 | €676 | €489,820 | +€489,144 | +72,345% |
| Taxes, remuneration and social security | 45 | - | €23,849 | +€23,849 | |
| Taxes | 450/3 | - | €23,849 | +€23,849 | |
| Other amounts payable | 47/48 | €303,010 | €86,040 | -€216,970 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,171 | = | 0.0% |
| Other operating charges | 640/8 | €1,473 | €21,091 | +€19,618 | +1,332% |
| Gross operating margin | 9900 | -€4,482 | €163,728 | +€168,210 | |
| Operating profit (loss) | 9901 | -€7,125 | €141,466 | +€148,591 | |
| Financial income | 75/76B | - | €508 | +€508 | |
| Recurring financial income | 75 | - | €508 | +€508 | |
| Financial charges | 65/66B | €9,226 | €20,024 | +€10,798 | +117% |
| Recurring financial charges | 65 | €9,226 | €20,024 | +€10,798 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€16,352 | €121,950 | +€138,301 | |
| Income taxes | 67/77 | - | €23,849 | +€23,849 | |
| Profit (loss) for the period | 9904 | -€16,352 | €98,101 | +€114,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,352 | €98,101 | +€114,453 |
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 21 October 2026 via checked.be.