RMC: 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.
RMC
Largest movements
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets -€20,295
down €20,295 (-8.4%), from €240,997 to €220,702
of which Land and buildings: -€20,731
- Cash -€12,511
down €12,511 (-35.8%), from €34,926 to €22,416
mainly Contributions, distributions and other (-€75,000) and Debts after one year (-€71,718)
- Contributions -€75,000
down €75,000 (-33.3%), from €225,000 to €150,000
- Debts after one year -€71,718
down €71,718 (-49.7%), from €144,253 to €72,535
- Reserves +€66,500
up €66,500 (+39.5%), from €168,500 to €235,000
- Gross operating margin +€30,955
up €30,955 (+34.8%), from €89,054 to €120,009
- Financial income -€15,968
down €15,968 (-82.9%), from €19,253 to €3,286
- Taxes +€14,700
up €14,700 (+126.5%), from €11,624 to €26,324
- Financial charges -€1,369
down €1,369 (-16.9%), from €8,076 to €6,707
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 | €398,064 | €318,524 | -€79,540 | -20.0% |
| Fixed assets | 21/28 | €240,997 | €220,702 | -€20,295 | -8.4% |
| Tangible fixed assets | 22/27 | €240,997 | €220,702 | -€20,295 | -8.4% |
| Land and buildings | 22 | €239,334 | €218,603 | -€20,731 | -8.7% |
| Plant, machinery and equipment | 23 | €1,663 | €1,468 | -€195 | -11.7% |
| Furniture and vehicles | 24 | - | €631 | +€631 | |
| Current assets | 29/58 | €157,067 | €97,822 | -€59,245 | -37.7% |
| Amounts receivable within one year | 40/41 | €21,335 | €24,566 | +€3,231 | +15.1% |
| Trade receivables | 40 | €21,335 | €24,566 | +€3,231 | +15.1% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €34,926 | €22,416 | -€12,511 | -35.8% |
| Deferred charges and accrued income | 490/1 | €806 | €841 | +€35 | +4.4% |
| Total equity and liabilities | 10/49 | €398,064 | €318,524 | -€79,540 | -20.0% |
| Equity | 10/15 | €216,882 | €208,467 | -€8,414 | -3.9% |
| Contributions | 10/11 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Reserves | 13 | €168,500 | €235,000 | +€66,500 | +39.5% |
| Distributable reserves | 133 | €168,500 | €235,000 | +€66,500 | +39.5% |
| Profit (loss) carried forward | 14 | -€176,618 | -€176,533 | +€86 | 0.0% |
| Amounts payable | 17/49 | €181,182 | €110,057 | -€71,125 | -39.3% |
| Amounts payable after more than one year | 17 | €144,253 | €72,535 | -€71,718 | -49.7% |
| Financial debts | 170/4 | €144,253 | €72,535 | -€71,718 | -49.7% |
| Amounts payable within one year | 42/48 | €34,679 | €35,246 | +€567 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €20,930 | €21,718 | +€788 | +3.8% |
| Trade debts | 44 | €3,539 | €3,283 | -€256 | -7.2% |
| Suppliers | 440/4 | €3,539 | €3,283 | -€256 | -7.2% |
| Taxes, remuneration and social security | 45 | €10,209 | €10,245 | +€35 | +0.3% |
| Taxes | 450/3 | €10,209 | €10,245 | +€35 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,275 | +€25 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,849 | €20,998 | +€150 | +0.7% |
| Other operating charges | 640/8 | €2,598 | €2,679 | +€81 | +3.1% |
| Gross operating margin | 9900 | €89,054 | €120,009 | +€30,955 | +34.8% |
| Operating profit (loss) | 9901 | €65,607 | €96,331 | +€30,724 | +46.8% |
| Financial income | 75/76B | €19,253 | €3,286 | -€15,968 | -82.9% |
| Recurring financial income | 75 | €19,253 | €3,286 | -€15,968 | -82.9% |
| Financial charges | 65/66B | €8,076 | €6,707 | -€1,369 | -16.9% |
| Recurring financial charges | 65 | €8,076 | €6,707 | -€1,369 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €76,785 | €92,910 | +€16,125 | +21.0% |
| Income taxes | 67/77 | €11,624 | €26,324 | +€14,700 | +126.5% |
| Profit (loss) for the period | 9904 | €65,161 | €66,586 | +€1,425 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,161 | €66,586 | +€1,425 | +2.2% |
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 30 September 2026 via checked.be.