RMD: 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.
RMD
Largest movements
- Cash +€7,414
up €7,414 (+141%), from €5,270 to €12,684
mainly Net result for the year (+€3,937) and Receivables after one year (+€3,000)
- Receivables after one year -€3,000
no longer reported in 2025 (was €3,000)
- Stocks and contracts +€1,134
up €1,134 (+44.1%), from €2,573 to €3,707
- Receivables within one year -€851
down €851 (-7.9%), from €10,787 to €9,936
of which Trade receivables: -€1,937
- Tangible fixed assets -€680
down €680 (-25.0%), from €2,716 to €2,036
- Reserves +€3,936
up €3,936 (+22.2%), from €17,702 to €21,638
- Trade debts -€2,408
down €2,408 (-91.7%), from €2,625 to €217
- Other debts +€1,143
up €1,143 (+227%), from €504 to €1,647
- Tax, wage and social debts +€1,103
up €1,103 (+1,645%), from €67 to €1,170
- Gross operating margin -€7,121
down €7,121 (-88.4%), from €8,055 to €934
- Financial income +€6,797
up €6,797 (+67,966,700%), from €0 to €6,797
of which Financial income: +€6,797
- Financial charges -€1,022
down €1,022 (-51.6%), from €1,981 to €959
- Taxes +€446
up €446 (+30.4%), from €1,468 to €1,914
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 | €24,899 | €28,675 | +€3,776 | +15.2% |
| Formation expenses | 20 | €552 | €311 | -€242 | -43.8% |
| Fixed assets | 21/28 | €2,716 | €2,036 | -€680 | -25.0% |
| Tangible fixed assets | 22/27 | €2,716 | €2,036 | -€680 | -25.0% |
| Furniture and vehicles | 24 | €2,716 | €2,036 | -€680 | -25.0% |
| Current assets | 29/58 | €21,630 | €26,328 | +€4,697 | +21.7% |
| Amounts receivable after more than one year | 29 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 291 | €3,000 | - | -€3,000 | |
| Stocks and contracts in progress | 3 | €2,573 | €3,707 | +€1,134 | +44.1% |
| Stocks | 30/36 | €2,573 | €3,707 | +€1,134 | +44.1% |
| Amounts receivable within one year | 40/41 | €10,787 | €9,936 | -€851 | -7.9% |
| Trade receivables | 40 | €6,255 | €4,319 | -€1,937 | -31.0% |
| Other amounts receivable | 41 | €4,532 | €5,617 | +€1,086 | +24.0% |
| Cash at bank and in hand | 54/58 | €5,270 | €12,684 | +€7,414 | +141% |
| Total equity and liabilities | 10/49 | €24,899 | €28,675 | +€3,776 | +15.2% |
| Equity | 10/15 | €21,703 | €25,639 | +€3,937 | +18.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,702 | €21,638 | +€3,936 | +22.2% |
| Distributable reserves | 133 | €17,702 | €21,638 | +€3,936 | +22.2% |
| Profit (loss) carried forward | 14 | €1 | €1 | +€1 | +96.0% |
| Amounts payable | 17/49 | €3,196 | €3,035 | -€161 | -5.0% |
| Amounts payable within one year | 42/48 | €3,196 | €3,035 | -€161 | -5.0% |
| Trade debts | 44 | €2,625 | €217 | -€2,408 | -91.7% |
| Suppliers | 440/4 | €2,625 | €217 | -€2,408 | -91.7% |
| Taxes, remuneration and social security | 45 | €67 | €1,170 | +€1,103 | +1,645% |
| Taxes | 450/3 | €67 | €1,170 | +€1,103 | +1,645% |
| Other amounts payable | 47/48 | €504 | €1,647 | +€1,143 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €922 | = | 0.0% |
| Gross operating margin | 9900 | €8,055 | €934 | -€7,121 | -88.4% |
| Operating profit (loss) | 9901 | €7,133 | €13 | -€7,121 | -99.8% |
| Financial income | 75/76B | €0 | €6,797 | +€6,797 | +67,966,700% |
| Recurring financial income | 75 | €0 | €6,797 | +€6,797 | +67,966,700% |
| Non-recurring financial income | 76B | €0 | €6,797 | +€6,797 | +67,966,700% |
| Financial charges | 65/66B | €1,981 | €959 | -€1,022 | -51.6% |
| Recurring financial charges | 65 | €1,981 | €959 | -€1,022 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €5,153 | €5,851 | +€698 | +13.5% |
| Income taxes | 67/77 | €1,468 | €1,914 | +€446 | +30.4% |
| Profit (loss) for the period | 9904 | €3,684 | €3,937 | +€252 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,684 | €3,937 | +€252 | +6.9% |
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 29 October 2026 via checked.be.