RMD: 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.
RMD
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-19.5%), from €7.0m to €5.6m
- Cash -€74,453
down €74,453 (-66.9%), from €111,208 to €36,755
mainly Current portion of long-term debt (-€740,000) and Other debts (-€375,566)
- Current portion of long-term debt -€740,000
no longer reported in 2024 (was €740,000)
- Other debts -€375,566
down €375,566 (-9.7%), from €3.9m to €3.5m
- Trade debts -€173,946
down €173,946 (-80.8%), from €215,175 to €41,229
- Advances received -€90,000
no longer reported in 2024 (was €90,000)
- Financial charges +€293,462
up €293,462 (+383.7%), from €76,479 to €369,941
- Gross operating margin +€200,506
up €200,506 (+151.0%), from €132,766 to €333,272
- Financial income +€36,108
up €36,108 (+659.6%), from €5,475 to €41,583
- Depreciation -€13,364
down €13,364 (-81.4%), from €16,422 to €3,058
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,159,066 | €5,771,523 | -€1.4m | -19.4% |
| Fixed assets | 21/28 | €7,066 | €3,408 | -€3,658 | -51.8% |
| Tangible fixed assets | 22/27 | €5,466 | €2,408 | -€3,058 | -56.0% |
| Plant, machinery and equipment | 23 | €1,299 | €985 | -€314 | -24.2% |
| Furniture and vehicles | 24 | €3,898 | €1,288 | -€2,610 | -66.9% |
| Other tangible fixed assets | 26 | €269 | €134 | -€135 | -50.0% |
| Financial fixed assets | 28 | €1,600 | €1,000 | -€600 | -37.5% |
| Current assets | 29/58 | €7,152,000 | €5,768,116 | -€1.4m | -19.3% |
| Stocks and contracts in progress | 3 | €6,976,872 | €5,618,293 | -€1.4m | -19.5% |
| Stocks | 30/36 | €6,976,872 | €5,618,293 | -€1.4m | -19.5% |
| Amounts receivable within one year | 40/41 | €63,920 | €113,068 | +€49,148 | +76.9% |
| Trade receivables | 40 | €23,375 | €6,655 | -€16,720 | -71.5% |
| Other amounts receivable | 41 | €40,545 | €106,413 | +€65,868 | +162.5% |
| Cash at bank and in hand | 54/58 | €111,208 | €36,755 | -€74,453 | -66.9% |
| Total equity and liabilities | 10/49 | €7,159,066 | €5,771,523 | -€1.4m | -19.4% |
| Equity | 10/15 | €2,231,728 | €2,227,445 | -€4,284 | -0.2% |
| Contributions | 10/11 | €1,212,000 | €1,212,000 | = | 0.0% |
| Reserves | 13 | €940,627 | €940,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,821 | €37,821 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,821 | €37,821 | = | 0.0% |
| Distributable reserves | 133 | €902,806 | €902,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,101 | €74,818 | -€4,284 | -5.4% |
| Amounts payable | 17/49 | €4,927,338 | €3,544,079 | -€1.4m | -28.1% |
| Amounts payable within one year | 42/48 | €4,927,338 | €3,544,079 | -€1.4m | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €740,000 | - | -€740,000 | |
| Trade debts | 44 | €215,175 | €41,229 | -€173,946 | -80.8% |
| Suppliers | 440/4 | €215,175 | €41,229 | -€173,946 | -80.8% |
| Advances received on contracts in progress | 46 | €90,000 | - | -€90,000 | |
| Taxes, remuneration and social security | 45 | €5,863 | €2,115 | -€3,747 | -63.9% |
| Taxes | 450/3 | €5,863 | €2,115 | -€3,747 | -63.9% |
| Other amounts payable | 47/48 | €3,876,300 | €3,500,734 | -€375,566 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,422 | €3,058 | -€13,364 | -81.4% |
| Other operating charges | 640/8 | €2,914 | €3,757 | +€843 | +28.9% |
| Gross operating margin | 9900 | €132,766 | €333,272 | +€200,506 | +151.0% |
| Operating profit (loss) | 9901 | €113,429 | €326,457 | +€213,028 | +187.8% |
| Financial income | 75/76B | €5,475 | €41,583 | +€36,108 | +659.6% |
| Recurring financial income | 75 | €5,475 | €41,583 | +€36,108 | +659.6% |
| Financial charges | 65/66B | €76,479 | €369,941 | +€293,462 | +383.7% |
| Recurring financial charges | 65 | €76,479 | €369,941 | +€293,462 | +383.7% |
| Profit (loss) for the period before taxes | 9903 | €42,425 | -€1,902 | -€44,327 | |
| Income taxes | 67/77 | €3,857 | €2,382 | -€1,475 | -38.2% |
| Profit (loss) for the period | 9904 | €38,568 | -€4,284 | -€42,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,568 | -€4,284 | -€42,852 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.