RM SQUARE: 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 SQUARE
Largest movements
- Cash -€7,152
down €7,152 (-68.0%), from €10,524 to €3,373
mainly Contributions, distributions and other (-€9,065) and Investment in fixed assets (net) (-€6,185)
- Tangible fixed assets +€4,988
up €4,988 (+100.7%), from €4,952 to €9,940
of which Other tangible fixed assets: +€5,310
- Receivables within one year +€484
up €484 (+7.1%), from €6,797 to €7,280
of which Other amounts receivable: +€1,185
- Deferred charges and accrued income -€419
down €419 (-22.5%), from €1,863 to €1,444
- Other debts +€8,840
up €8,840 (+3695.0%), from €239 to €9,080
- Profit (loss) carried forward -€7,363
no longer reported in 2025 (was €7,363)
- Tax, wage and social debts -€3,526
down €3,526 (-47.9%), from €7,365 to €3,839
of which Remuneration and social security: -€2,723
- Taxes -€875
down €875 (-47.3%), from €1,848 to €973
- Other operating charges +€400
new in 2025: €400
- Depreciation +€395
up €395 (+49.2%), from €802 to €1,197
- Financial charges -€128
down €128 (-52.2%), from €245 to €117
- Gross operating margin +€48
up €48 (+1.1%), from €4,341 to €4,389
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 | €24,186 | €22,087 | -€2,099 | -8.7% |
| Fixed assets | 21/28 | €5,002 | €9,990 | +€4,988 | +99.7% |
| Tangible fixed assets | 22/27 | €4,952 | €9,940 | +€4,988 | +100.7% |
| Furniture and vehicles | 24 | €962 | €640 | -€322 | -33.5% |
| Other tangible fixed assets | 26 | €3,990 | €9,300 | +€5,310 | +133.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €19,184 | €12,097 | -€7,087 | -36.9% |
| Amounts receivable within one year | 40/41 | €6,797 | €7,280 | +€484 | +7.1% |
| Trade receivables | 40 | €5,500 | €4,799 | -€701 | -12.7% |
| Other amounts receivable | 41 | €1,297 | €2,481 | +€1,185 | +91.4% |
| Cash at bank and in hand | 54/58 | €10,524 | €3,373 | -€7,152 | -68.0% |
| Deferred charges and accrued income | 490/1 | €1,863 | €1,444 | -€419 | -22.5% |
| Total equity and liabilities | 10/49 | €24,186 | €22,087 | -€2,099 | -8.7% |
| Equity | 10/15 | €12,913 | €5,550 | -€7,363 | -57.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,550 | €3,550 | = | 0.0% |
| Distributable reserves | 133 | €3,550 | €3,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,363 | - | -€7,363 | |
| Amounts payable | 17/49 | €11,273 | €16,537 | +€5,264 | +46.7% |
| Amounts payable within one year | 42/48 | €11,273 | €16,537 | +€5,263 | +46.7% |
| Trade debts | 44 | €3,669 | €3,618 | -€51 | -1.4% |
| Suppliers | 440/4 | €3,669 | €3,618 | -€51 | -1.4% |
| Taxes, remuneration and social security | 45 | €7,365 | €3,839 | -€3,526 | -47.9% |
| Taxes | 450/3 | €4,642 | €3,839 | -€803 | -17.3% |
| Remuneration and social security | 454/9 | €2,723 | - | -€2,723 | |
| Other amounts payable | 47/48 | €239 | €9,080 | +€8,840 | +3695.0% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €1,197 | +€395 | +49.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €4,341 | €4,389 | +€48 | +1.1% |
| Operating profit (loss) | 9901 | €3,539 | €2,792 | -€747 | -21.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €245 | €117 | -€128 | -52.2% |
| Recurring financial charges | 65 | €245 | €117 | -€128 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €3,294 | €2,676 | -€618 | -18.8% |
| Income taxes | 67/77 | €1,848 | €973 | -€875 | -47.3% |
| Profit (loss) for the period | 9904 | €1,445 | €1,702 | +€257 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,445 | €1,702 | +€257 | +17.8% |
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 5 October 2026 via checked.be.