RMF PROJECTS: 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.
RMF PROJECTS
Largest movements
- Receivables within one year +€10,219
up €10,219 (+179.0%), from €5,708 to €15,927
of which Other amounts receivable: +€5,749
- Cash +€5,846
up €5,846 (+87.9%), from €6,651 to €12,496
mainly Net result for the year (+€8,408) and Other debts (+€6,440)
- Tangible fixed assets -€1,892
down €1,892 (-63.4%), from €2,982 to €1,090
of which Plant, machinery and equipment: -€2,072
- Profit (loss) carried forward +€8,408
up €8,408, from -€8,327 to €82
- Other debts +€6,440
up €6,440 (+107.9%), from €5,966 to €12,406
- Accrued charges and deferred income -€1,673
no longer reported in 2025 (was €1,673)
- Tax, wage and social debts +€957
up €957 (+10.7%), from €8,937 to €9,894
of which Taxes: +€957
- Gross operating margin +€19,099
up €19,099, from -€4,204 to €14,895
- Depreciation +€1,336
up €1,336 (+112.9%), from €1,184 to €2,520
- Taxes +€1,250
new in 2025: €1,250
- Financial charges -€343
down €343 (-79.3%), from €432 to €89
- Staff costs -€234
down €234 (-9.6%), from €2,446 to €2,212
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 | €15,341 | €29,513 | +€14,173 | +92.4% |
| Fixed assets | 21/28 | €2,982 | €1,090 | -€1,892 | -63.4% |
| Tangible fixed assets | 22/27 | €2,982 | €1,090 | -€1,892 | -63.4% |
| Plant, machinery and equipment | 23 | €2,982 | €911 | -€2,072 | -69.5% |
| Furniture and vehicles | 24 | - | €179 | +€179 | |
| Current assets | 29/58 | €12,358 | €28,423 | +€16,065 | +130.0% |
| Amounts receivable within one year | 40/41 | €5,708 | €15,927 | +€10,219 | +179.0% |
| Trade receivables | 40 | - | €4,470 | +€4,470 | |
| Other amounts receivable | 41 | €5,708 | €11,457 | +€5,749 | +100.7% |
| Cash at bank and in hand | 54/58 | €6,651 | €12,496 | +€5,846 | +87.9% |
| Total equity and liabilities | 10/49 | €15,341 | €29,513 | +€14,173 | +92.4% |
| Equity | 10/15 | -€3,327 | €5,082 | +€8,408 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,327 | €82 | +€8,408 | |
| Amounts payable | 17/49 | €18,667 | €24,432 | +€5,764 | +30.9% |
| Amounts payable within one year | 42/48 | €16,995 | €24,432 | +€7,437 | +43.8% |
| Financial debts | 43 | €530 | €495 | -€35 | -6.6% |
| Credit institutions | 430/8 | €530 | €495 | -€35 | -6.6% |
| Trade debts | 44 | €1,563 | €1,637 | +€74 | +4.8% |
| Suppliers | 440/4 | €1,563 | €1,637 | +€74 | +4.8% |
| Taxes, remuneration and social security | 45 | €8,937 | €9,894 | +€957 | +10.7% |
| Taxes | 450/3 | €341 | €1,298 | +€957 | +281.1% |
| Remuneration and social security | 454/9 | €8,596 | €8,596 | = | 0.0% |
| Other amounts payable | 47/48 | €5,966 | €12,406 | +€6,440 | +107.9% |
| Accrued charges and deferred income | 492/3 | €1,673 | - | -€1,673 | |
| Remuneration, social security and pensions | 62 | €2,446 | €2,212 | -€234 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €2,520 | +€1,336 | +112.9% |
| Other operating charges | 640/8 | €313 | €430 | +€116 | +37.1% |
| Gross operating margin | 9900 | -€4,204 | €14,895 | +€19,099 | |
| Operating profit (loss) | 9901 | -€8,147 | €9,733 | +€17,880 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €432 | €89 | -€343 | -79.3% |
| Recurring financial charges | 65 | €432 | €89 | -€343 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,579 | €9,658 | +€18,237 | |
| Income taxes | 67/77 | - | €1,250 | +€1,250 | |
| Profit (loss) for the period | 9904 | -€8,579 | €8,408 | +€16,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,579 | €8,408 | +€16,987 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.