RM RENOVATION: what changed
Two fiscal 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 RENOVATION
Largest movements
- Tangible fixed assets +€85,025
up €85,025 (+4789.7%), from €1,775 to €86,801
of which Land and buildings: +€66,727
- Receivables within one year +€5,893
up €5,893 (+74.5%), from €7,906 to €13,799
of which Other amounts receivable: +€6,172
- Cash -€2,108
down €2,108 (-20.4%), from €10,341 to €8,233
mainly Investment in fixed assets (net) (-€90,295) and Receivables within one year (-€5,893)
- Debts after one year +€49,478
new in 2025: €49,478
- Other debts +€13,354
up €13,354 (+421.9%), from €3,165 to €16,519
- Reserves +€9,698
up €9,698 (+117.5%), from €8,250 to €17,948
- Trade debts +€8,170
up €8,170 (+2109.2%), from €387 to €8,557
- Current portion of long-term debt +€5,941
new in 2025: €5,941
- Gross operating margin +€5,145
up €5,145 (+36.7%), from €14,003 to €19,148
- Depreciation +€2,633
up €2,633 (+99.9%), from €2,637 to €5,269
- Taxes +€404
up €404 (+13.0%), from €3,108 to €3,512
- Financial charges +€403
up €403 (+5028.3%), from €8 to €411
- Other operating charges +€260
new in 2025: €260
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 | €21,576 | €110,231 | +€88,655 | +410.9% |
| Fixed assets | 21/28 | €1,775 | €86,801 | +€85,025 | +4789.7% |
| Tangible fixed assets | 22/27 | €1,775 | €86,801 | +€85,025 | +4789.7% |
| Land and buildings | 22 | - | €66,727 | +€66,727 | |
| Plant, machinery and equipment | 23 | €1,329 | €8,386 | +€7,058 | +531.2% |
| Furniture and vehicles | 24 | €447 | €11,687 | +€11,241 | +2517.1% |
| Current assets | 29/58 | €19,801 | €23,431 | +€3,630 | +18.3% |
| Amounts receivable within one year | 40/41 | €7,906 | €13,799 | +€5,893 | +74.5% |
| Trade receivables | 40 | €7,665 | €7,386 | -€279 | -3.6% |
| Other amounts receivable | 41 | €241 | €6,413 | +€6,172 | +2561.7% |
| Cash at bank and in hand | 54/58 | €10,341 | €8,233 | -€2,108 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,554 | €1,399 | -€155 | -10.0% |
| Total equity and liabilities | 10/49 | €21,576 | €110,231 | +€88,655 | +410.9% |
| Equity | 10/15 | €11,250 | €20,948 | +€9,698 | +86.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,250 | €17,948 | +€9,698 | +117.5% |
| Distributable reserves | 133 | €8,250 | €17,948 | +€9,698 | +117.5% |
| Amounts payable | 17/49 | €10,325 | €89,283 | +€78,957 | +764.7% |
| Amounts payable after more than one year | 17 | - | €49,478 | +€49,478 | |
| Financial debts | 170/4 | - | €49,478 | +€49,478 | |
| Amounts payable within one year | 42/48 | €10,325 | €39,804 | +€29,479 | +285.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,941 | +€5,941 | |
| Trade debts | 44 | €387 | €8,557 | +€8,170 | +2109.2% |
| Suppliers | 440/4 | €387 | €8,557 | +€8,170 | +2109.2% |
| Taxes, remuneration and social security | 45 | €6,773 | €8,787 | +€2,014 | +29.7% |
| Taxes | 450/3 | €3,773 | €4,787 | +€1,014 | +26.9% |
| Remuneration and social security | 454/9 | €3,000 | €4,000 | +€1,000 | +33.3% |
| Other amounts payable | 47/48 | €3,165 | €16,519 | +€13,354 | +421.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,637 | €5,269 | +€2,633 | +99.9% |
| Other operating charges | 640/8 | - | €260 | +€260 | |
| Gross operating margin | 9900 | €14,003 | €19,148 | +€5,145 | +36.7% |
| Operating profit (loss) | 9901 | €11,366 | €13,619 | +€2,252 | +19.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8 | €411 | +€403 | +5028.3% |
| Recurring financial charges | 65 | €8 | €411 | +€403 | +5028.3% |
| Profit (loss) for the period before taxes | 9903 | €11,358 | €13,210 | +€1,852 | +16.3% |
| Income taxes | 67/77 | €3,108 | €3,512 | +€404 | +13.0% |
| Profit (loss) for the period | 9904 | €8,250 | €9,698 | +€1,448 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,250 | €9,698 | +€1,448 | +17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.