RM RETAIL GROUP: 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 RETAIL GROUP
Largest movements
- Receivables within one year +€49,976
up €49,976 (+54.6%), from €91,564 to €141,540
of which Other amounts receivable: +€54,514
- Tangible fixed assets -€26,784
down €26,784 (-11.2%), from €239,272 to €212,488
of which Plant, machinery and equipment: -€26,249
- Cash -€12,797
down €12,797 (-22.6%), from €56,608 to €43,811
mainly Receivables within one year (-€49,976) and Debts after one year (-€39,655)
- Trade debts +€43,851
up €43,851 (+49.8%), from €88,031 to €131,882
- Debts after one year -€39,655
down €39,655 (-19.9%), from €199,558 to €159,903
- Tax, wage and social debts +€8,912
up €8,912 (+34.9%), from €25,534 to €34,447
of which Remuneration and social security: +€11,816
- Purchases and services -€1.7m
no longer reported in 2025 (was €1.7m)
- Gross operating margin -€61,471
down €61,471 (-25.7%), from €239,634 to €178,163
- Depreciation +€10,140
up €10,140 (+58.2%), from €17,417 to €27,557
- Staff costs +€6,685
up €6,685 (+5.9%), from €114,189 to €120,874
- Taxes -€4,690
down €4,690 (-28.8%), from €16,272 to €11,581
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 | €466,284 | €476,535 | +€10,251 | +2.2% |
| Formation expenses | 20 | €5,473 | €4,700 | -€773 | -14.1% |
| Fixed assets | 21/28 | €239,272 | €213,988 | -€25,284 | -10.6% |
| Tangible fixed assets | 22/27 | €239,272 | €212,488 | -€26,784 | -11.2% |
| Plant, machinery and equipment | 23 | €236,757 | €210,508 | -€26,249 | -11.1% |
| Furniture and vehicles | 24 | €2,515 | €1,980 | -€535 | -21.3% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €221,539 | €257,847 | +€36,308 | +16.4% |
| Stocks and contracts in progress | 3 | €66,661 | €67,868 | +€1,207 | +1.8% |
| Stocks | 30/36 | €66,661 | €67,868 | +€1,207 | +1.8% |
| Amounts receivable within one year | 40/41 | €91,564 | €141,540 | +€49,976 | +54.6% |
| Trade receivables | 40 | €14,430 | €9,892 | -€4,538 | -31.4% |
| Other amounts receivable | 41 | €77,134 | €131,648 | +€54,514 | +70.7% |
| Cash at bank and in hand | 54/58 | €56,608 | €43,811 | -€12,797 | -22.6% |
| Deferred charges and accrued income | 490/1 | €6,706 | €4,628 | -€2,078 | -31.0% |
| Total equity and liabilities | 10/49 | €466,284 | €476,535 | +€10,251 | +2.2% |
| Equity | 10/15 | €111,457 | €110,043 | -€1,414 | -1.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,000 | - | -€18,000 | |
| Other | 1109/19 | €18,000 | - | -€18,000 | |
| Reserves | 13 | €93,457 | €93,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €91,657 | €91,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,414 | -€1,414 | |
| Amounts payable | 17/49 | €354,827 | €366,492 | +€11,665 | +3.3% |
| Amounts payable after more than one year | 17 | €199,558 | €159,903 | -€39,655 | -19.9% |
| Financial debts | 170/4 | €199,558 | €159,903 | -€39,655 | -19.9% |
| Amounts payable within one year | 42/48 | €152,256 | €206,589 | +€54,333 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €38,085 | €39,655 | +€1,570 | +4.1% |
| Trade debts | 44 | €88,031 | €131,882 | +€43,851 | +49.8% |
| Suppliers | 440/4 | €88,031 | €131,882 | +€43,851 | +49.8% |
| Taxes, remuneration and social security | 45 | €25,534 | €34,447 | +€8,912 | +34.9% |
| Taxes | 450/3 | €21,189 | €18,285 | -€2,904 | -13.7% |
| Remuneration and social security | 454/9 | €4,345 | €16,162 | +€11,816 | +272% |
| Other amounts payable | 47/48 | €605 | €605 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,013 | - | -€3,013 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,742,008 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €114,189 | €120,874 | +€6,685 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,417 | €27,557 | +€10,140 | +58.2% |
| Other operating charges | 640/8 | €1,068 | €4,302 | +€3,235 | +303% |
| Non-recurring operating charges | 66A | €3,044 | - | -€3,044 | |
| Gross operating margin | 9900 | €239,634 | €178,163 | -€61,471 | -25.7% |
| Operating profit (loss) | 9901 | €103,916 | €25,429 | -€78,487 | -75.5% |
| Financial income | 75/76B | €5,568 | €5,235 | -€334 | -6.0% |
| Recurring financial income | 75 | €5,568 | €5,235 | -€334 | -6.0% |
| Financial charges | 65/66B | €20,647 | €20,496 | -€151 | -0.7% |
| Recurring financial charges | 65 | €20,647 | €20,496 | -€151 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €88,838 | €10,167 | -€78,670 | -88.6% |
| Income taxes | 67/77 | €16,272 | €11,581 | -€4,690 | -28.8% |
| Profit (loss) for the period | 9904 | €72,566 | -€1,414 | -€73,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,566 | -€1,414 | -€73,980 |
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 16 October 2026 via checked.be.