RMC GROUP: 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.
What changed
RMC GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7.2m
2024 · €1.8m-€9.0m
Equity
€8.2m
2024 · €19.7m-€11.5m
Cash
€221,535
2024 · €0+€221,535
Balance sheet total
€11.8m
2024 · €20.6m-€8.8m
Largest movements
Assets
- Financial fixed assets -€9.1m
down €9.1m (-46.2%), from €19.7m to €10.6m
of which Affiliated companies: -€9.5m
- Receivables after one year +€586,000
new in 2025: €586,000
- Receivables within one year -€430,056
down €430,056 (-54.7%), from €786,324 to €356,268
of which Other amounts receivable: -€438,945
- Cash +€221,535
up €221,535, from €0 to €221,535
mainly Investment in fixed assets (net) (+€9.1m) and Other debts (+€1.5m)
Equity and liabilities
- Profit (loss) carried forward -€7.2m
down €7.2m, from €0 to -€7.2m
- Contributions -€4.2m
down €4.2m (-21.5%), from €19.7m to €15.5m
- Other debts +€1.5m
up €1.5m (+511%), from €285,558 to €1.7m
- Debts after one year +€1.4m
new in 2025: €1.4m
- Short-term financial debts -€542,184
down €542,184 (-99.8%), from €543,226 to €1,042
Income statement
- Financial charges +€7.0m
up €7.0m (+8,428%), from €82,529 to €7.0m
of which Non-recurring financial charges: +€6.9m
- Financial income -€1.9m
down €1.9m (-97.6%), from €2.0m to €47,493
- Goods and materials +€316,206
up €316,206 (+105%), from €300,337 to €616,543
- Turnover +€305,302
up €305,302 (+80.9%), from €377,323 to €682,625
- Staff costs +€91,539
up €91,539 (+185%), from €49,504 to €141,043
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.
Result 2024
€1.8m
Turnover
+€305,302
Other operating income
+€2,741
Goods and materials
-€316,206
Services and other goods
-€91,169
Staff costs
-€91,539
Depreciation
-€384
Other operating charges
-€613
Other operating items
+€7,537
Financial income
-€1.9m
Financial charges
-€7.0m
Taxes
-€250
Result 2025
-€7.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5.7m
Investment
+€9.1m
Financing
-€3.2m
Cash 2024
€0
From operations (derived)
-€5.7m
Net result for the year
-€7.2m
Depreciation
+€929
Receivables after one year
-€586,000
Receivables within one year
+€430,056
Deferred charges and accrued income
+€40,136
Trade debts
+€174,751
Smaller working-capital items
+€3,289
Other debts
+€1.5m
Accrued charges and deferred income
-€25,793
Investment (derived)
+€9.1m
Investment in fixed assets (net)
+€9.1m
Financing
-€3.2m
Debts after one year
+€1.4m
Current portion of long-term debt
+€163,746
Short-term financial debts
-€542,184
Contributions, distributions and other
-€4.2m
Cash 2025
€221,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,596,211 | €11,818,430 | -€8.8m | -42.6% |
| Fixed assets | 21/28 | €19,736,132 | €10,621,008 | -€9.1m | -46.2% |
| Tangible fixed assets | 22/27 | €1,132 | €1,466 | +€334 | +29.5% |
| Furniture and vehicles | 24 | €1,132 | €1,466 | +€334 | +29.5% |
| Financial fixed assets | 28 | €19,735,000 | €10,619,542 | -€9.1m | -46.2% |
| Affiliated companies | 280/1 | €19,735,000 | €10,266,542 | -€9.5m | -48.0% |
| Participating interests | 280 | €19,735,000 | €10,266,542 | -€9.5m | -48.0% |
| Companies linked by participating interests | 282/3 | - | €353,000 | +€353,000 | |
| Participating interests | 282 | - | €353,000 | +€353,000 | |
| Current assets | 29/58 | €860,079 | €1,197,422 | +€337,343 | +39.2% |
| Amounts receivable after more than one year | 29 | - | €586,000 | +€586,000 | |
| Other amounts receivable | 291 | - | €586,000 | +€586,000 | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €786,324 | €356,268 | -€430,056 | -54.7% |
| Trade receivables | 40 | €96,132 | €105,021 | +€8,889 | +9.2% |
| Other amounts receivable | 41 | €690,192 | €251,247 | -€438,945 | -63.6% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €221,535 | +€221,535 | |
| Deferred charges and accrued income | 490/1 | €73,755 | €33,619 | -€40,136 | -54.4% |
| Total equity and liabilities | 10/49 | €20,596,211 | €11,818,430 | -€8.8m | -42.6% |
| Equity | 10/15 | €19,685,000 | €8,231,632 | -€11.5m | -58.2% |
| Contributions | 10/11 | €19,685,000 | €15,455,916 | -€4.2m | -21.5% |
| Profit (loss) carried forward | 14 | €0 | -€7,224,284 | -€7.2m | |
| Amounts payable | 17/49 | €911,211 | €3,586,797 | +€2.7m | +294% |
| Amounts payable after more than one year | 17 | - | €1,443,473 | +€1.4m | |
| Financial debts | 170/4 | - | €1,443,473 | +€1.4m | |
| Subordinated loans | 170 | - | €450,000 | +€450,000 | |
| Credit institutions | 173 | - | €993,473 | +€993,473 | |
| Amounts payable within one year | 42/48 | €866,135 | €2,124,042 | +€1.3m | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €163,746 | +€163,746 | |
| Financial debts | 43 | €543,226 | €1,042 | -€542,184 | -99.8% |
| Credit institutions | 430/8 | €543,226 | €1,042 | -€542,184 | -99.8% |
| Trade debts | 44 | €35,091 | €209,842 | +€174,751 | +498% |
| Suppliers | 440/4 | €35,091 | €209,842 | +€174,751 | +498% |
| Advances received on contracts in progress | 46 | - | €4,153 | +€4,153 | |
| Taxes, remuneration and social security | 45 | €2,261 | €1,397 | -€864 | -38.2% |
| Taxes | 450/3 | €2,261 | €1,397 | -€864 | -38.2% |
| Other amounts payable | 47/48 | €285,558 | €1,743,862 | +€1.5m | +511% |
| Accrued charges and deferred income | 492/3 | €45,076 | €19,282 | -€25,793 | -57.2% |
| Operating income | 70/76A | €377,323 | €692,903 | +€315,580 | +83.6% |
| Turnover | 70 | €377,323 | €682,625 | +€305,302 | +80.9% |
| Other operating income | 74 | - | €2,741 | +€2,741 | |
| Non-recurring operating income | 76A | - | €7,537 | +€7,537 | |
| Operating charges | 60/66A | €426,646 | €926,557 | +€499,911 | +117% |
| Goods for resale, raw materials and consumables | 60 | €300,337 | €616,543 | +€316,206 | +105% |
| Purchases | 600/8 | €300,337 | €616,543 | +€316,206 | +105% |
| Services and other goods | 61 | €75,746 | €166,915 | +€91,169 | +120% |
| Remuneration, social security and pensions | 62 | €49,504 | €141,043 | +€91,539 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €929 | +€384 | +70.5% |
| Other operating charges | 640/8 | €513 | €1,126 | +€613 | +119% |
| Operating profit (loss) | 9901 | -€49,323 | -€233,654 | -€184,331 | -374% |
| Financial income | 75/76B | €1,957,513 | €47,493 | -€1.9m | -97.6% |
| Recurring financial income | 75 | €1,957,513 | €47,493 | -€1.9m | -97.6% |
| Income from financial fixed assets | 750 | €1,932,801 | €0 | -€1.9m | -100% |
| Income from current assets | 751 | €24,712 | €47,381 | +€22,669 | +91.7% |
| Other financial income | 752/9 | - | €112 | +€112 | |
| Financial charges | 65/66B | €82,529 | €7,037,872 | +€7.0m | +8,428% |
| Recurring financial charges | 65 | €82,529 | €100,392 | +€17,864 | +21.6% |
| Debt charges | 650 | €81,674 | €98,423 | +€16,748 | +20.5% |
| Other financial charges | 652/9 | €854 | €1,969 | +€1,115 | +131% |
| Non-recurring financial charges | 66B | - | €6,937,480 | +€6.9m | |
| Profit (loss) for the period before taxes | 9903 | €1,825,662 | -€7,224,033 | -€9.0m | |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Taxes | 670/3 | €3,933 | €250 | -€3,683 | -93.6% |
| Tax adjustments and reversals of tax provisions | 77 | €3,933 | €0 | -€3,933 | -100% |
| Profit (loss) for the period | 9904 | €1,825,662 | -€7,224,284 | -€9.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,825,662 | -€7,224,284 | -€9.0m |
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 31 October 2026 via checked.be.