RM VERZEKERINGEN: 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 VERZEKERINGEN
Largest movements
- Intangible fixed assets -€38,000
down €38,000 (-11.7%), from €325,269 to €287,269
- Tangible fixed assets -€11,620
down €11,620 (-31.6%), from €36,728 to €25,108
- Deferred charges and accrued income +€5,532
up €5,532 (+24.6%), from €22,454 to €27,986
- Debts after one year -€66,756
down €66,756 (-22.1%), from €301,438 to €234,682
of which Financial debts: -€63,820
- Reserves +€21,500
up €21,500 (+79.6%), from €27,000 to €48,500
- Trade debts -€5,788
down €5,788 (-83.5%), from €6,934 to €1,146
- Staff costs +€18,682
new in 2025: €18,682
- Depreciation -€11,637
down €11,637 (-17.6%), from €66,216 to €54,579
- Financial charges -€4,332
down €4,332 (-25.2%), from €17,202 to €12,871
- Gross operating margin -€2,060
down €2,060 (-1.7%), from €122,441 to €120,381
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 | €403,123 | €359,382 | -€43,740 | -10.9% |
| Fixed assets | 21/28 | €361,997 | €312,377 | -€49,620 | -13.7% |
| Intangible fixed assets | 21 | €325,269 | €287,269 | -€38,000 | -11.7% |
| Tangible fixed assets | 22/27 | €36,728 | €25,108 | -€11,620 | -31.6% |
| Furniture and vehicles | 24 | €36,728 | €25,108 | -€11,620 | -31.6% |
| Current assets | 29/58 | €41,125 | €47,005 | +€5,880 | +14.3% |
| Cash at bank and in hand | 54/58 | €18,671 | €19,019 | +€348 | +1.9% |
| Deferred charges and accrued income | 490/1 | €22,454 | €27,986 | +€5,532 | +24.6% |
| Total equity and liabilities | 10/49 | €403,123 | €359,382 | -€43,740 | -10.9% |
| Equity | 10/15 | €29,158 | €50,529 | +€21,372 | +73.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €48,500 | +€21,500 | +79.6% |
| Distributable reserves | 133 | €27,000 | €48,500 | +€21,500 | +79.6% |
| Profit (loss) carried forward | 14 | €158 | €29 | -€128 | -81.3% |
| Amounts payable | 17/49 | €373,965 | €308,853 | -€65,112 | -17.4% |
| Amounts payable after more than one year | 17 | €301,438 | €234,682 | -€66,756 | -22.1% |
| Financial debts | 170/4 | €253,516 | €189,696 | -€63,820 | -25.2% |
| Other amounts payable | 178/9 | €47,921 | €44,985 | -€2,936 | -6.1% |
| Amounts payable within one year | 42/48 | €72,520 | €73,632 | +€1,111 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €62,180 | €63,820 | +€1,640 | +2.6% |
| Trade debts | 44 | €6,934 | €1,146 | -€5,788 | -83.5% |
| Suppliers | 440/4 | €6,934 | €1,146 | -€5,788 | -83.5% |
| Taxes, remuneration and social security | 45 | €2,548 | €5,769 | +€3,221 | +126.4% |
| Taxes | 450/3 | €2,548 | €3,632 | +€1,084 | +42.5% |
| Remuneration and social security | 454/9 | - | €2,137 | +€2,137 | |
| Other amounts payable | 47/48 | €859 | €2,897 | +€2,038 | +237.3% |
| Accrued charges and deferred income | 492/3 | €7 | €539 | +€532 | +7888.0% |
| Remuneration, social security and pensions | 62 | - | €18,682 | +€18,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,216 | €54,579 | -€11,637 | -17.6% |
| Other operating charges | 640/8 | €958 | €1,485 | +€527 | +55.0% |
| Gross operating margin | 9900 | €122,441 | €120,381 | -€2,060 | -1.7% |
| Operating profit (loss) | 9901 | €55,267 | €45,635 | -€9,632 | -17.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,202 | €12,871 | -€4,332 | -25.2% |
| Recurring financial charges | 65 | €17,202 | €12,871 | -€4,332 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €38,065 | €32,764 | -€5,301 | -13.9% |
| Income taxes | 67/77 | €10,048 | €10,560 | +€511 | +5.1% |
| Profit (loss) for the period | 9904 | €28,017 | €22,205 | -€5,812 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,017 | €22,205 | -€5,812 | -20.7% |
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 12 October 2026 via checked.be.