RM WEAR: 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 WEAR
Largest movements
- Tangible fixed assets -€37,853
down €37,853 (-6.7%), from €565,649 to €527,795
- Cash +€10,541
up €10,541 (+7.6%), from €139,243 to €149,784
mainly Depreciation (+€47,241) and Short-term financial debts (+€25,000)
- Profit (loss) carried forward -€55,219
down €55,219 (-85.3%), from €64,737 to €9,518
- Debts after one year -€37,106
down €37,106 (-9.0%), from €412,474 to €375,368
- Reserves +€32,941
up €32,941 (+56.7%), from €58,138 to €91,079
- Short-term financial debts +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Trade debts -€16,599
down €16,599 (-13.4%), from €124,171 to €107,572
- Staff costs +€61,189
up €61,189 (+69.6%), from €87,858 to €149,046
- Gross operating margin +€38,451
up €38,451 (+15.7%), from €244,629 to €283,079
- Write-downs +€24,513
new in 2025: €24,513
- Taxes -€11,857
down €11,857 (-54.2%), from €21,857 to €10,000
- Other operating charges +€5,479
up €5,479 (+217%), from €2,530 to €8,008
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 | €831,848 | €789,017 | -€42,831 | -5.1% |
| Fixed assets | 21/28 | €568,220 | €529,427 | -€38,793 | -6.8% |
| Intangible fixed assets | 21 | €2,572 | €1,632 | -€940 | -36.5% |
| Tangible fixed assets | 22/27 | €565,649 | €527,795 | -€37,853 | -6.7% |
| Land and buildings | 22 | €471,184 | €458,345 | -€12,839 | -2.7% |
| Plant, machinery and equipment | 23 | €59,658 | €48,544 | -€11,113 | -18.6% |
| Furniture and vehicles | 24 | €33,973 | €20,759 | -€13,214 | -38.9% |
| Other tangible fixed assets | 26 | €835 | €147 | -€688 | -82.4% |
| Current assets | 29/58 | €263,628 | €259,590 | -€4,038 | -1.5% |
| Stocks and contracts in progress | 3 | €24,016 | €17,027 | -€6,989 | -29.1% |
| Stocks | 30/36 | €24,016 | €17,027 | -€6,989 | -29.1% |
| Amounts receivable within one year | 40/41 | €92,590 | €86,538 | -€6,053 | -6.5% |
| Trade receivables | 40 | €75,353 | €59,193 | -€16,160 | -21.4% |
| Other amounts receivable | 41 | €17,238 | €27,345 | +€10,107 | +58.6% |
| Cash at bank and in hand | 54/58 | €139,243 | €149,784 | +€10,541 | +7.6% |
| Deferred charges and accrued income | 490/1 | €7,779 | €6,242 | -€1,537 | -19.8% |
| Total equity and liabilities | 10/49 | €831,848 | €789,017 | -€42,831 | -5.1% |
| Equity | 10/15 | €123,375 | €101,097 | -€22,278 | -18.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €58,138 | €91,079 | +€32,941 | +56.7% |
| Distributable reserves | 133 | €58,138 | €91,079 | +€32,941 | +56.7% |
| Profit (loss) carried forward | 14 | €64,737 | €9,518 | -€55,219 | -85.3% |
| Amounts payable | 17/49 | €708,473 | €687,920 | -€20,553 | -2.9% |
| Amounts payable after more than one year | 17 | €412,474 | €375,368 | -€37,106 | -9.0% |
| Financial debts | 170/4 | €412,474 | €375,368 | -€37,106 | -9.0% |
| Amounts payable within one year | 42/48 | €295,999 | €312,162 | +€16,162 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €41,787 | €39,690 | -€2,097 | -5.0% |
| Financial debts | 43 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Credit institutions | 430/8 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Trade debts | 44 | €124,171 | €107,572 | -€16,599 | -13.4% |
| Suppliers | 440/4 | €124,171 | €107,572 | -€16,599 | -13.4% |
| Taxes, remuneration and social security | 45 | €52,552 | €58,865 | +€6,313 | +12.0% |
| Taxes | 450/3 | €31,320 | €29,869 | -€1,450 | -4.6% |
| Remuneration and social security | 454/9 | €21,233 | €28,996 | +€7,763 | +36.6% |
| Other amounts payable | 47/48 | €2,488 | €6,034 | +€3,546 | +143% |
| Accrued charges and deferred income | 492/3 | - | €391 | +€391 | |
| Remuneration, social security and pensions | 62 | €87,858 | €149,046 | +€61,189 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,367 | €47,241 | +€4,874 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,513 | +€24,513 | |
| Other operating charges | 640/8 | €2,530 | €8,008 | +€5,479 | +217% |
| Gross operating margin | 9900 | €244,629 | €283,079 | +€38,451 | +15.7% |
| Operating profit (loss) | 9901 | €111,874 | €54,270 | -€57,604 | -51.5% |
| Financial income | 75/76B | €144 | €1,228 | +€1,085 | +756% |
| Recurring financial income | 75 | €144 | €1,228 | +€1,085 | +756% |
| Financial charges | 65/66B | €20,380 | €20,717 | +€337 | +1.7% |
| Recurring financial charges | 65 | €20,380 | €20,717 | +€337 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €91,638 | €34,781 | -€56,857 | -62.0% |
| Income taxes | 67/77 | €21,857 | €10,000 | -€11,857 | -54.2% |
| Profit (loss) for the period | 9904 | €69,781 | €24,781 | -€45,000 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,781 | €24,781 | -€45,000 | -64.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.