RMGA: 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
RMGA
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.1m
2024 · €1.9m+€3.3m
Equity
€24.3m
2024 · €19.2m+€5.1m
Cash
€486,361
2024 · €1.6m-€1.1m
Balance sheet total
€206.7m
2024 · €187.1m+€19.6m
Largest movements
Assets
- Receivables within one year +€21.5m
up €21.5m (+15.4%), from €140.1m to €161.6m
of which Other amounts receivable: +€19.0m
Equity and liabilities
- Other debts +€17.8m
up €17.8m (+11.7%), from €152.8m to €170.6m
- Profit (loss) carried forward +€5.1m
up €5.1m (+425.4%), from €1.2m to €6.3m
- Short-term financial debts -€2.4m
down €2.4m (-73.4%), from €3.3m to €870,880
Income statement
- Other operating income +€4.1m
up €4.1m (+120.9%), from €3.4m to €7.6m
- Turnover +€1.9m
up €1.9m (+30.8%), from €6.2m to €8.1m
- Staff costs +€1.6m
up €1.6m (+53.5%), from €3.0m to €4.6m
- Taxes +€1.1m
up €1.1m (+164.1%), from €655,289 to €1.7m
of which Taxes: +€1.1m
- Financial income -€842,302
down €842,302 (-16.5%), from €5.1m to €4.2m
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
€1.9m
Turnover
+€1.9m
Other operating income
+€4.1m
Services and other goods
-€49,585
Staff costs
-€1.6m
Depreciation
-€21,459
Other operating charges
-€8,769
Financial income
-€842,302
Financial charges
+€828,661
Taxes
-€1.1m
Result 2025
€5.1m
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.
From operations
+€2.8m
Investment
-€308,610
Financing
-€3.5m
Cash 2024
€1.6m
From operations (derived)
+€2.8m
Net result for the year
+€5.1m
Depreciation
+€187,709
Receivables within one year
-€21.5m
Deferred charges and accrued income
+€970,566
Trade debts
+€63,492
Tax, wage and social debts
+€909,980
Other debts
+€17.8m
Accrued charges and deferred income
-€795,372
Investment (derived)
-€308,610
Investment in fixed assets (net)
-€308,610
Financing
-€3.5m
Debts after one year
-€1.2m
Current portion of long-term debt
+€26,058
Short-term financial debts
-€2.4m
Cash 2025
€486,361
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,136,860 | €206,727,663 | +€19.6m | +10.5% |
| Fixed assets | 21/28 | €40,369,680 | €40,490,581 | +€120,901 | +0.3% |
| Intangible fixed assets | 21 | €274,328 | €144,071 | -€130,257 | -47.5% |
| Tangible fixed assets | 22/27 | €124,976 | €101,134 | -€23,842 | -19.1% |
| Plant, machinery and equipment | 23 | €21,224 | €17,596 | -€3,628 | -17.1% |
| Furniture and vehicles | 24 | €103,527 | €73,297 | -€30,230 | -29.2% |
| Other tangible fixed assets | 26 | €225 | €10,241 | +€10,016 | +4459.3% |
| Financial fixed assets | 28 | €39,970,376 | €40,245,376 | +€275,000 | +0.7% |
| Affiliated companies | 280/1 | €39,888,576 | €40,188,576 | +€300,000 | +0.8% |
| Participating interests | 280 | €39,888,576 | €40,188,576 | +€300,000 | +0.8% |
| Companies linked by participating interests | 282/3 | €36,750 | €36,750 | = | 0.0% |
| Participating interests | 282 | €36,750 | €36,750 | = | 0.0% |
| Other financial fixed assets | 284/8 | €45,050 | €20,050 | -€25,000 | -55.5% |
| Shares | 284 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €35,050 | €10,050 | -€25,000 | -71.3% |
| Current assets | 29/58 | €146,767,180 | €166,237,083 | +€19.5m | +13.3% |
| Amounts receivable within one year | 40/41 | €140,108,603 | €161,625,958 | +€21.5m | +15.4% |
| Trade receivables | 40 | €6,517,523 | €9,007,492 | +€2.5m | +38.2% |
| Other amounts receivable | 41 | €133,591,080 | €152,618,466 | +€19.0m | +14.2% |
| Cash at bank and in hand | 54/58 | €1,563,248 | €486,361 | -€1.1m | -68.9% |
| Deferred charges and accrued income | 490/1 | €5,095,329 | €4,124,764 | -€970,566 | -19.0% |
| Total equity and liabilities | 10/49 | €187,136,860 | €206,727,663 | +€19.6m | +10.5% |
| Equity | 10/15 | €19,171,028 | €24,287,913 | +€5.1m | +26.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,906,200 | €17,906,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €17,900,000 | €17,900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,202,828 | €6,319,713 | +€5.1m | +425.4% |
| Amounts payable | 17/49 | €167,965,832 | €182,439,750 | +€14.5m | +8.6% |
| Amounts payable after more than one year | 17 | €3,409,243 | €2,239,186 | -€1.2m | -34.3% |
| Financial debts | 170/4 | €3,409,243 | €2,239,186 | -€1.2m | -34.3% |
| Credit institutions | 173 | €3,409,243 | €2,239,186 | -€1.2m | -34.3% |
| Amounts payable within one year | 42/48 | €158,489,055 | €174,928,402 | +€16.4m | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €1,143,999 | €1,170,057 | +€26,058 | +2.3% |
| Financial debts | 43 | €3,272,927 | €870,880 | -€2.4m | -73.4% |
| Credit institutions | 430/8 | €3,272,927 | €870,880 | -€2.4m | -73.4% |
| Trade debts | 44 | €361,115 | €424,607 | +€63,492 | +17.6% |
| Suppliers | 440/4 | €361,115 | €424,607 | +€63,492 | +17.6% |
| Taxes, remuneration and social security | 45 | €933,317 | €1,843,297 | +€909,980 | +97.5% |
| Taxes | 450/3 | €463,896 | €1,138,093 | +€674,197 | +145.3% |
| Remuneration and social security | 454/9 | €469,421 | €705,204 | +€235,783 | +50.2% |
| Other amounts payable | 47/48 | €152,777,697 | €170,619,561 | +€17.8m | +11.7% |
| Accrued charges and deferred income | 492/3 | €6,067,534 | €5,272,162 | -€795,372 | -13.1% |
| Operating income | 70/76A | €9,630,724 | €15,675,691 | +€6.0m | +62.8% |
| Turnover | 70 | €6,211,845 | €8,122,425 | +€1.9m | +30.8% |
| Other operating income | 74 | €3,418,879 | €7,553,266 | +€4.1m | +120.9% |
| Operating charges | 60/66A | €5,766,818 | €7,458,126 | +€1.7m | +29.3% |
| Services and other goods | 61 | €2,580,476 | €2,630,061 | +€49,585 | +1.9% |
| Remuneration, social security and pensions | 62 | €3,011,409 | €4,622,905 | +€1.6m | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,250 | €187,709 | +€21,459 | +12.9% |
| Other operating charges | 640/8 | €8,682 | €17,451 | +€8,769 | +101.0% |
| Operating profit (loss) | 9901 | €3,863,906 | €8,217,566 | +€4.4m | +112.7% |
| Financial income | 75/76B | €5,091,362 | €4,249,060 | -€842,302 | -16.5% |
| Recurring financial income | 75 | €5,091,362 | €4,249,060 | -€842,302 | -16.5% |
| Income from financial fixed assets | 750 | €152 | €150,000 | +€149,848 | +98584.2% |
| Income from current assets | 751 | €5,091,182 | €4,098,705 | -€992,477 | -19.5% |
| Other financial income | 752/9 | €27 | €355 | +€327 | +1197.1% |
| Financial charges | 65/66B | €6,448,096 | €5,619,435 | -€828,661 | -12.9% |
| Recurring financial charges | 65 | €6,448,096 | €5,619,435 | -€828,661 | -12.9% |
| Debt charges | 650 | €6,436,919 | €5,610,694 | -€826,225 | -12.8% |
| Other financial charges | 652/9 | €11,177 | €8,741 | -€2,436 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €2,507,172 | €6,847,190 | +€4.3m | +173.1% |
| Income taxes | 67/77 | €655,289 | €1,730,305 | +€1.1m | +164.1% |
| Taxes | 670/3 | €655,289 | €1,733,128 | +€1.1m | +164.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,823 | +€2,823 | |
| Profit (loss) for the period | 9904 | €1,851,884 | €5,116,886 | +€3.3m | +176.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,851,884 | €5,116,886 | +€3.3m | +176.3% |
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 11 October 2026 via checked.be.