RMK: 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.
RMK
Largest movements
- Cash +€320,481
up €320,481 (+529.9%), from €60,482 to €380,963
mainly Net result for the year (+€662,989) and Receivables within one year (+€272,627)
- Receivables within one year -€272,627
down €272,627 (-21.3%), from €1.3m to €1.0m
of which Trade receivables: -€277,094
- Other debts +€236,166
up €236,166 (+118.8%), from €198,739 to €434,905
- Debts after one year -€155,911
no longer reported in 2025 (was €155,911)
- Trade debts -€118,720
down €118,720 (-37.2%), from €318,866 to €200,146
- Tax, wage and social debts +€42,569
up €42,569 (+102.8%), from €41,426 to €83,995
of which Taxes: +€36,008
- Reserves +€34,540
up €34,540 (+3.0%), from €1.1m to €1.2m
of which Distributable reserves: +€34,540
- Depreciation -€77,320
down €77,320 (-54.6%), from €141,530 to €64,209
- Taxes +€24,975
up €24,975 (+12.6%), from €198,685 to €223,660
- Staff costs -€19,496
down €19,496 (-6.4%), from €304,634 to €285,138
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 | €1,924,981 | €1,963,624 | +€38,644 | +2.0% |
| Fixed assets | 21/28 | €293,487 | €287,664 | -€5,823 | -2.0% |
| Intangible fixed assets | 21 | €1,168 | €784 | -€384 | -32.9% |
| Tangible fixed assets | 22/27 | €292,319 | €286,880 | -€5,439 | -1.9% |
| Land and buildings | 22 | €29,071 | €27,088 | -€1,983 | -6.8% |
| Plant, machinery and equipment | 23 | €130,335 | €116,221 | -€14,114 | -10.8% |
| Furniture and vehicles | 24 | €117,668 | €129,993 | +€12,325 | +10.5% |
| Other tangible fixed assets | 26 | €15,245 | €13,578 | -€1,667 | -10.9% |
| Current assets | 29/58 | €1,631,494 | €1,675,960 | +€44,467 | +2.7% |
| Stocks and contracts in progress | 3 | €285,077 | €285,077 | = | 0.0% |
| Stocks | 30/36 | €285,077 | €285,077 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,282,548 | €1,009,920 | -€272,627 | -21.3% |
| Trade receivables | 40 | €1,258,980 | €981,887 | -€277,094 | -22.0% |
| Other amounts receivable | 41 | €23,567 | €28,034 | +€4,466 | +19.0% |
| Cash at bank and in hand | 54/58 | €60,482 | €380,963 | +€320,481 | +529.9% |
| Deferred charges and accrued income | 490/1 | €3,388 | - | -€3,388 | |
| Total equity and liabilities | 10/49 | €1,924,981 | €1,963,624 | +€38,644 | +2.0% |
| Equity | 10/15 | €1,210,038 | €1,244,578 | +€34,540 | +2.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,145,038 | €1,179,578 | +€34,540 | +3.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €1,138,538 | €1,173,078 | +€34,540 | +3.0% |
| Amounts payable | 17/49 | €714,942 | €719,046 | +€4,104 | +0.6% |
| Amounts payable after more than one year | 17 | €155,911 | - | -€155,911 | |
| Financial debts | 170/4 | €155,911 | - | -€155,911 | |
| Amounts payable within one year | 42/48 | €559,032 | €719,046 | +€160,015 | +28.6% |
| Trade debts | 44 | €318,866 | €200,146 | -€118,720 | -37.2% |
| Suppliers | 440/4 | €318,866 | €200,146 | -€118,720 | -37.2% |
| Taxes, remuneration and social security | 45 | €41,426 | €83,995 | +€42,569 | +102.8% |
| Taxes | 450/3 | €13,990 | €49,998 | +€36,008 | +257.4% |
| Remuneration and social security | 454/9 | €27,437 | €33,997 | +€6,561 | +23.9% |
| Other amounts payable | 47/48 | €198,739 | €434,905 | +€236,166 | +118.8% |
| Remuneration, social security and pensions | 62 | €304,634 | €285,138 | -€19,496 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,530 | €64,209 | -€77,320 | -54.6% |
| Other operating charges | 640/8 | €6,259 | €4,527 | -€1,732 | -27.7% |
| Non-recurring operating charges | 66A | - | €470 | +€470 | |
| Gross operating margin | 9900 | €1,224,490 | €1,224,589 | +€100 | 0.0% |
| Operating profit (loss) | 9901 | €772,067 | €870,245 | +€98,178 | +12.7% |
| Financial income | 75/76B | €18,037 | €18,473 | +€437 | +2.4% |
| Recurring financial income | 75 | €18,037 | €17,223 | -€813 | -4.5% |
| Non-recurring financial income | 76B | - | €1,250 | +€1,250 | |
| Financial charges | 65/66B | €5,939 | €2,069 | -€3,870 | -65.2% |
| Recurring financial charges | 65 | €5,939 | €2,069 | -€3,870 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €784,165 | €886,649 | +€102,484 | +13.1% |
| Income taxes | 67/77 | €198,685 | €223,660 | +€24,975 | +12.6% |
| Profit (loss) for the period | 9904 | €585,480 | €662,989 | +€77,509 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €585,480 | €662,989 | +€77,509 | +13.2% |
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 9 October 2026 via checked.be.