RMB Invest: what changed
What changed
RMB Invest
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
-€172,225
2024 · €91,574-€263,799
Equity
€261,354
2024 · €433,579-€172,225
Cash
€27,262
2024 · €135,487-€108,225
Balance sheet total
€3.0m
2024 · €3.0m-€55,022
Largest movements
Assets
- Tangible fixed assets +€113,183
up €113,183 (+4.1%), from €2.8m to €2.9m
of which Assets under construction and advance payments: +€101,080
- Cash -€108,225
down €108,225 (-79.9%), from €135,487 to €27,262
mainly Investment in fixed assets (net) (-€203,607) and Net result for the year (-€172,225)
- Receivables within one year -€61,113
down €61,113 (-51.1%), from €119,596 to €58,483
of which Trade receivables: -€73,637
Equity and liabilities
- Profit (loss) carried forward -€172,225
down €172,225 (-548%), from -€31,421 to -€203,646
- Accrued charges and deferred income +€84,607
new in 2025: €84,607
- Debts after one year +€79,250
up €79,250 (+3.9%), from €2.0m to €2.1m
Income statement
- Gross operating margin -€250,727
down €250,727 (-92.8%), from €270,290 to €19,562
- Other operating charges +€38,650
up €38,650 (+366%), from €10,547 to €49,197
- Staff costs -€20,927
down €20,927 (-92.4%), from €22,659 to €1,733
- Write-downs -€5,419
new in 2025: -€5,419
- Depreciation +€4,300
up €4,300 (+4.9%), from €87,115 to €91,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€91,574
Gross operating margin
-€250,727
Staff costs
+€20,927
Depreciation
-€4,300
Write-downs
+€5,419
Other operating charges
-€38,650
Other operating items
-€408
Financial income
+€1,867
Financial charges
+€1,955
Taxes
+€118
Result 2025
-€172,225
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,286
Investment
-€203,607
Financing
+€63,097
Cash 2024
€135,487
From operations (derived)
+€32,286
Net result for the year
-€172,225
Depreciation
+€91,415
Receivables within one year
+€61,113
Deferred charges and accrued income
-€2,123
Trade debts
-€16,043
Tax, wage and social debts
-€22,852
Other debts
+€8,393
Accrued charges and deferred income
+€84,607
Investment (derived)
-€203,607
Investment in fixed assets (net)
-€203,607
Financing
+€63,097
Debts after one year
+€79,250
Current portion of long-term debt
-€16,153
Cash 2025
€27,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,018,669 | €2,963,646 | -€55,022 | -1.8% |
| Fixed assets | 21/28 | €2,761,336 | €2,873,528 | +€112,192 | +4.1% |
| Intangible fixed assets | 21 | €991 | €0 | -€991 | -100% |
| Tangible fixed assets | 22/27 | €2,760,345 | €2,873,528 | +€113,183 | +4.1% |
| Land and buildings | 22 | €2,692,760 | €2,654,490 | -€38,270 | -1.4% |
| Plant, machinery and equipment | 23 | €52 | €65,760 | +€65,708 | +127,564% |
| Furniture and vehicles | 24 | €64,423 | €49,899 | -€14,524 | -22.5% |
| Other tangible fixed assets | 26 | €3,111 | €2,300 | -€811 | -26.1% |
| Assets under construction and advance payments | 27 | - | €101,080 | +€101,080 | |
| Current assets | 29/58 | €257,333 | €90,118 | -€167,215 | -65.0% |
| Amounts receivable within one year | 40/41 | €119,596 | €58,483 | -€61,113 | -51.1% |
| Trade receivables | 40 | €110,540 | €36,904 | -€73,637 | -66.6% |
| Other amounts receivable | 41 | €9,056 | €21,580 | +€12,524 | +138% |
| Cash at bank and in hand | 54/58 | €135,487 | €27,262 | -€108,225 | -79.9% |
| Deferred charges and accrued income | 490/1 | €2,249 | €4,372 | +€2,123 | +94.4% |
| Total equity and liabilities | 10/49 | €3,018,669 | €2,963,646 | -€55,022 | -1.8% |
| Equity | 10/15 | €433,579 | €261,354 | -€172,225 | -39.7% |
| Contributions | 10/11 | €465,000 | €465,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,421 | -€203,646 | -€172,225 | -548% |
| Amounts payable | 17/49 | €2,585,089 | €2,702,292 | +€117,202 | +4.5% |
| Amounts payable after more than one year | 17 | €2,035,801 | €2,115,050 | +€79,250 | +3.9% |
| Financial debts | 170/4 | €2,035,801 | €2,115,050 | +€79,250 | +3.9% |
| Amounts payable within one year | 42/48 | €549,289 | €502,634 | -€46,654 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €126,859 | €110,707 | -€16,153 | -12.7% |
| Trade debts | 44 | €27,291 | €11,249 | -€16,043 | -58.8% |
| Suppliers | 440/4 | €27,291 | €11,249 | -€16,043 | -58.8% |
| Taxes, remuneration and social security | 45 | €23,258 | €406 | -€22,852 | -98.3% |
| Taxes | 450/3 | €18,723 | €406 | -€18,317 | -97.8% |
| Remuneration and social security | 454/9 | €4,534 | €0 | -€4,534 | -100% |
| Other amounts payable | 47/48 | €371,880 | €380,273 | +€8,393 | +2.3% |
| Accrued charges and deferred income | 492/3 | - | €84,607 | +€84,607 | |
| Remuneration, social security and pensions | 62 | €22,659 | €1,733 | -€20,927 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,115 | €91,415 | +€4,300 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,419 | -€5,419 | |
| Other operating charges | 640/8 | €10,547 | €49,197 | +€38,650 | +366% |
| Non-recurring operating charges | 66A | - | €408 | +€408 | |
| Gross operating margin | 9900 | €270,290 | €19,562 | -€250,727 | -92.8% |
| Operating profit (loss) | 9901 | €149,969 | -€117,770 | -€267,739 | |
| Financial income | 75/76B | €445 | €2,312 | +€1,867 | +420% |
| Recurring financial income | 75 | €445 | €2,312 | +€1,867 | +420% |
| Financial charges | 65/66B | €58,611 | €56,656 | -€1,955 | -3.3% |
| Recurring financial charges | 65 | €58,611 | €56,656 | -€1,955 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €91,802 | -€172,114 | -€263,917 | |
| Income taxes | 67/77 | €228 | €111 | -€118 | -51.5% |
| Profit (loss) for the period | 9904 | €91,574 | -€172,225 | -€263,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,574 | -€172,225 | -€263,799 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.