RM SYSTEM: 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 SYSTEM
Largest movements
- Cash +€41,294
up €41,294 (+1952.8%), from €2,115 to €43,408
mainly Net result for the year (+€85,260) and Depreciation (+€65,197)
- Receivables within one year +€27,951
up €27,951 (+36.9%), from €75,772 to €103,723
of which Trade receivables: +€27,441
- Deferred charges and accrued income +€12,489
up €12,489 (+677.9%), from €1,842 to €14,332
- Stocks and contracts -€11,515
down €11,515 (-87.3%), from €13,187 to €1,671
- Intangible fixed assets -€11,000
down €11,000 (-28.6%), from €38,455 to €27,455
- Profit (loss) carried forward +€85,260
up €85,260 (+89.4%), from -€95,359 to -€10,099
- Tax, wage and social debts -€38,717
down €38,717 (-73.8%), from €52,472 to €13,755
of which Taxes: -€29,907
- Current portion of long-term debt +€9,294
up €9,294 (+32.7%), from €28,387 to €37,681
- Trade debts -€7,545
down €7,545 (-42.4%), from €17,790 to €10,245
- Gross operating margin +€157,316
up €157,316 (+88.2%), from €178,370 to €335,686
- Write-downs -€56,113
no longer reported in 2025 (was €56,113)
- Depreciation +€7,793
up €7,793 (+13.6%), from €57,405 to €65,197
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 | €485,696 | €539,416 | +€53,720 | +11.1% |
| Fixed assets | 21/28 | €392,781 | €376,282 | -€16,499 | -4.2% |
| Intangible fixed assets | 21 | €38,455 | €27,455 | -€11,000 | -28.6% |
| Tangible fixed assets | 22/27 | €351,207 | €345,708 | -€5,499 | -1.6% |
| Land and buildings | 22 | €268,570 | €251,871 | -€16,699 | -6.2% |
| Plant, machinery and equipment | 23 | €35,366 | €26,498 | -€8,868 | -25.1% |
| Furniture and vehicles | 24 | €12,771 | €9,720 | -€3,051 | -23.9% |
| Leasing and similar rights | 25 | €34,501 | €57,620 | +€23,119 | +67.0% |
| Financial fixed assets | 28 | €3,118 | €3,118 | = | 0.0% |
| Current assets | 29/58 | €92,915 | €163,134 | +€70,219 | +75.6% |
| Stocks and contracts in progress | 3 | €13,187 | €1,671 | -€11,515 | -87.3% |
| Stocks | 30/36 | €13,187 | €1,671 | -€11,515 | -87.3% |
| Amounts receivable within one year | 40/41 | €75,772 | €103,723 | +€27,951 | +36.9% |
| Trade receivables | 40 | €72,523 | €99,964 | +€27,441 | +37.8% |
| Other amounts receivable | 41 | €3,249 | €3,759 | +€510 | +15.7% |
| Cash at bank and in hand | 54/58 | €2,115 | €43,408 | +€41,294 | +1952.8% |
| Deferred charges and accrued income | 490/1 | €1,842 | €14,332 | +€12,489 | +677.9% |
| Total equity and liabilities | 10/49 | €485,696 | €539,416 | +€53,720 | +11.1% |
| Equity | 10/15 | €97,641 | €182,901 | +€85,260 | +87.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €173,000 | €173,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €171,000 | €171,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,359 | -€10,099 | +€85,260 | +89.4% |
| Amounts payable | 17/49 | €388,055 | €356,515 | -€31,540 | -8.1% |
| Amounts payable after more than one year | 17 | €191,772 | €196,487 | +€4,715 | +2.5% |
| Financial debts | 170/4 | €191,772 | €196,487 | +€4,715 | +2.5% |
| Amounts payable within one year | 42/48 | €196,282 | €159,907 | -€36,375 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €28,387 | €37,681 | +€9,294 | +32.7% |
| Financial debts | 43 | €90,198 | €90,000 | -€198 | -0.2% |
| Credit institutions | 430/8 | €90,198 | €90,000 | -€198 | -0.2% |
| Trade debts | 44 | €17,790 | €10,245 | -€7,545 | -42.4% |
| Suppliers | 440/4 | €17,790 | €10,245 | -€7,545 | -42.4% |
| Taxes, remuneration and social security | 45 | €52,472 | €13,755 | -€38,717 | -73.8% |
| Taxes | 450/3 | €34,026 | €4,119 | -€29,907 | -87.9% |
| Remuneration and social security | 454/9 | €18,446 | €9,635 | -€8,810 | -47.8% |
| Other amounts payable | 47/48 | €7,435 | €8,227 | +€792 | +10.7% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | €882 | €1,427 | +€545 | +61.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €156,641 | €158,674 | +€2,033 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,405 | €65,197 | +€7,793 | +13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,113 | - | -€56,113 | |
| Other operating charges | 640/8 | €6,832 | €4,910 | -€1,922 | -28.1% |
| Non-recurring operating charges | 66A | €216 | €2,596 | +€2,380 | +1101.0% |
| Gross operating margin | 9900 | €178,370 | €335,686 | +€157,316 | +88.2% |
| Operating profit (loss) | 9901 | -€98,837 | €104,308 | +€203,145 | |
| Financial income | 75/76B | €314 | €1,252 | +€938 | +298.5% |
| Recurring financial income | 75 | €314 | €1,252 | +€938 | +298.5% |
| Financial charges | 65/66B | €21,635 | €20,300 | -€1,335 | -6.2% |
| Recurring financial charges | 65 | €21,635 | €20,300 | -€1,335 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€120,158 | €85,260 | +€205,418 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€120,158 | €85,260 | +€205,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€120,158 | €85,260 | +€205,418 |
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.