RMBV: 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.
RMBV
Largest movements
- Tangible fixed assets +€280,826
up €280,826 (+93.3%), from €301,131 to €581,958
of which Assets under construction and advance payments: +€162,410
- Deferred charges and accrued income -€7,026
down €7,026 (-94.1%), from €7,464 to €437
- Short-term financial debts +€221,320
new in 2025: €221,320
- Provisions +€113,043
new in 2025: €113,043
- Profit (loss) carried forward -€84,947
down €84,947, from €64,613 to -€20,334
- Debts after one year +€19,568
up €19,568 (+12.1%), from €162,352 to €181,920
- Current portion of long-term debt +€10,069
up €10,069 (+28.8%), from €35,013 to €45,082
- Provisions +€113,043
new in 2025: €113,043
- Gross operating margin +€38,849
up €38,849 (+34.8%), from €111,664 to €150,513
- Depreciation +€17,075
up €17,075 (+79.7%), from €21,414 to €38,488
- Financial charges +€9,796
up €9,796 (+129.1%), from €7,585 to €17,381
- Taxes +€5,677
up €5,677 (+47.8%), from €11,889 to €17,566
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 | €363,968 | €639,898 | +€275,930 | +75.8% |
| Fixed assets | 21/28 | €301,131 | €581,958 | +€280,826 | +93.3% |
| Tangible fixed assets | 22/27 | €301,131 | €581,958 | +€280,826 | +93.3% |
| Land and buildings | 22 | €216,362 | €275,994 | +€59,632 | +27.6% |
| Furniture and vehicles | 24 | €84,770 | €143,554 | +€58,784 | +69.3% |
| Assets under construction and advance payments | 27 | €0 | €162,410 | +€162,410 | |
| Current assets | 29/58 | €62,836 | €57,940 | -€4,896 | -7.8% |
| Amounts receivable within one year | 40/41 | €51,108 | €56,171 | +€5,064 | +9.9% |
| Trade receivables | 40 | €35,525 | €23,089 | -€12,435 | -35.0% |
| Other amounts receivable | 41 | €15,583 | €33,082 | +€17,499 | +112.3% |
| Cash at bank and in hand | 54/58 | €4,265 | €1,332 | -€2,933 | -68.8% |
| Deferred charges and accrued income | 490/1 | €7,464 | €437 | -€7,026 | -94.1% |
| Total equity and liabilities | 10/49 | €363,968 | €639,898 | +€275,930 | +75.8% |
| Equity | 10/15 | €85,073 | €126 | -€84,947 | -99.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,613 | -€20,334 | -€84,947 | |
| Provisions and deferred taxes | 16 | - | €113,043 | +€113,043 | |
| Provisions for liabilities and charges | 160/5 | - | €113,043 | +€113,043 | |
| Other liabilities and charges | 164/5 | - | €113,043 | +€113,043 | |
| Amounts payable | 17/49 | €278,895 | €526,728 | +€247,833 | +88.9% |
| Amounts payable after more than one year | 17 | €162,352 | €181,920 | +€19,568 | +12.1% |
| Financial debts | 170/4 | €162,352 | €181,920 | +€19,568 | +12.1% |
| Amounts payable within one year | 42/48 | €116,543 | €344,809 | +€228,265 | +195.9% |
| Current portion of amounts payable after more than one year | 42 | €35,013 | €45,082 | +€10,069 | +28.8% |
| Financial debts | 43 | - | €221,320 | +€221,320 | |
| Credit institutions | 430/8 | - | €221,320 | +€221,320 | |
| Trade debts | 44 | €10,609 | €11,005 | +€396 | +3.7% |
| Suppliers | 440/4 | €10,609 | €11,005 | +€396 | +3.7% |
| Taxes, remuneration and social security | 45 | €2,921 | €3,401 | +€480 | +16.4% |
| Taxes | 450/3 | €2,921 | €3,401 | +€480 | +16.4% |
| Other amounts payable | 47/48 | €68,000 | €64,000 | -€4,000 | -5.9% |
| Remuneration, social security and pensions | 62 | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,414 | €38,488 | +€17,075 | +79.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €113,043 | +€113,043 | |
| Other operating charges | 640/8 | €5,612 | €4,343 | -€1,269 | -22.6% |
| Gross operating margin | 9900 | €111,664 | €150,513 | +€38,849 | +34.8% |
| Operating profit (loss) | 9901 | €84,139 | -€5,362 | -€89,501 | |
| Financial income | 75/76B | €467 | €1,363 | +€896 | +191.8% |
| Recurring financial income | 75 | €467 | €1,363 | +€896 | +191.8% |
| Financial charges | 65/66B | €7,585 | €17,381 | +€9,796 | +129.1% |
| Recurring financial charges | 65 | €7,585 | €17,381 | +€9,796 | +129.1% |
| Profit (loss) for the period before taxes | 9903 | €77,020 | -€21,381 | -€98,401 | |
| Income taxes | 67/77 | €11,889 | €17,566 | +€5,677 | +47.8% |
| Profit (loss) for the period | 9904 | €65,132 | -€38,947 | -€104,078 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,132 | -€38,947 | -€104,078 |
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 2 October 2026 via checked.be.