RMB PROJECTS: 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.
RMB PROJECTS
Largest movements
- Receivables within one year +€36,450
up €36,450 (+29.5%), from €123,580 to €160,031
of which Trade receivables: +€18,567
- Cash -€29,938
down €29,938 (-23.4%), from €127,706 to €97,768
mainly Contributions, distributions and other (-€68,904) and Receivables within one year (-€36,450)
- Tangible fixed assets -€20,920
down €20,920 (-8.2%), from €254,139 to €233,220
of which Land and buildings: -€10,544
- Debts after one year -€16,713
down €16,713 (-14.3%), from €117,166 to €100,453
- Short-term financial debts +€15,017
up €15,017 (+222%), from €6,778 to €21,795
- Reserves -€11,487
down €11,487 (-3.9%), from €297,336 to €285,849
- Tax, wage and social debts -€10,119
down €10,119 (-31.0%), from €32,653 to €22,534
of which Taxes: -€9,935
- Trade debts +€9,649
up €9,649 (+25.6%), from €37,764 to €47,414
- Gross operating margin +€35,215
up €35,215 (+27.7%), from €127,278 to €162,493
- Taxes +€15,628
up €15,628 (+142%), from €11,039 to €26,667
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 | €531,524 | €517,258 | -€14,265 | -2.7% |
| Fixed assets | 21/28 | €258,089 | €237,170 | -€20,920 | -8.1% |
| Tangible fixed assets | 22/27 | €254,139 | €233,220 | -€20,920 | -8.2% |
| Land and buildings | 22 | €215,019 | €204,474 | -€10,544 | -4.9% |
| Plant, machinery and equipment | 23 | €10,945 | €7,843 | -€3,102 | -28.3% |
| Furniture and vehicles | 24 | €9,930 | €5,655 | -€4,275 | -43.0% |
| Other tangible fixed assets | 26 | €18,246 | €15,247 | -€2,999 | -16.4% |
| Financial fixed assets | 28 | €3,950 | €3,950 | = | 0.0% |
| Current assets | 29/58 | €273,434 | €280,088 | +€6,654 | +2.4% |
| Stocks and contracts in progress | 3 | €11,762 | €16,507 | +€4,745 | +40.3% |
| Stocks | 30/36 | €11,762 | €16,507 | +€4,745 | +40.3% |
| Amounts receivable within one year | 40/41 | €123,580 | €160,031 | +€36,450 | +29.5% |
| Trade receivables | 40 | €117,354 | €135,921 | +€18,567 | +15.8% |
| Other amounts receivable | 41 | €6,227 | €24,110 | +€17,883 | +287% |
| Cash at bank and in hand | 54/58 | €127,706 | €97,768 | -€29,938 | -23.4% |
| Deferred charges and accrued income | 490/1 | €10,386 | €5,782 | -€4,603 | -44.3% |
| Total equity and liabilities | 10/49 | €531,524 | €517,258 | -€14,265 | -2.7% |
| Equity | 10/15 | €319,836 | €308,349 | -€11,487 | -3.6% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €297,336 | €285,849 | -€11,487 | -3.9% |
| Distributable reserves | 133 | €297,336 | €285,849 | -€11,487 | -3.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €211,687 | €208,909 | -€2,778 | -1.3% |
| Amounts payable after more than one year | 17 | €117,166 | €100,453 | -€16,713 | -14.3% |
| Financial debts | 170/4 | €117,166 | €100,453 | -€16,713 | -14.3% |
| Amounts payable within one year | 42/48 | €93,691 | €108,455 | +€14,764 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €16,496 | €16,713 | +€217 | +1.3% |
| Financial debts | 43 | €6,778 | €21,795 | +€15,017 | +222% |
| Credit institutions | 430/8 | €6,778 | €21,795 | +€15,017 | +222% |
| Trade debts | 44 | €37,764 | €47,414 | +€9,649 | +25.6% |
| Suppliers | 440/4 | €37,764 | €47,414 | +€9,649 | +25.6% |
| Taxes, remuneration and social security | 45 | €32,653 | €22,534 | -€10,119 | -31.0% |
| Taxes | 450/3 | €24,520 | €14,584 | -€9,935 | -40.5% |
| Remuneration and social security | 454/9 | €8,133 | €7,950 | -€183 | -2.3% |
| Accrued charges and deferred income | 492/3 | €830 | €0 | -€830 | -100% |
| Non-recurring operating income | 76A | €6,541 | €0 | -€6,541 | -100% |
| Remuneration, social security and pensions | 62 | €47,454 | €47,965 | +€510 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,717 | €22,146 | +€1,429 | +6.9% |
| Other operating charges | 640/8 | €4,356 | €3,174 | -€1,183 | -27.1% |
| Non-recurring operating charges | 66A | €18,365 | €0 | -€18,365 | -100% |
| Gross operating margin | 9900 | €127,278 | €162,493 | +€35,215 | +27.7% |
| Operating profit (loss) | 9901 | €36,386 | €89,209 | +€52,823 | +145% |
| Financial income | 75/76B | €2,360 | €903 | -€1,457 | -61.8% |
| Recurring financial income | 75 | €2,360 | €903 | -€1,457 | -61.8% |
| Financial charges | 65/66B | €6,877 | €6,028 | -€850 | -12.4% |
| Recurring financial charges | 65 | €6,877 | €6,028 | -€850 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €31,868 | €84,084 | +€52,215 | +164% |
| Income taxes | 67/77 | €11,039 | €26,667 | +€15,628 | +142% |
| Profit (loss) for the period | 9904 | €20,830 | €57,417 | +€36,587 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €20,830 | €57,417 | +€36,587 | +176% |
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 27 October 2026 via checked.be.