RMR: 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.
RMR
Largest movements
- Cash +€73,284
up €73,284 (+46.3%), from €158,446 to €231,729
mainly Net result for the year (+€75,608) and Trade debts (+€48,833)
- Tangible fixed assets +€26,895
up €26,895 (+417.1%), from €6,449 to €33,344
of which Furniture and vehicles: +€27,734
- Receivables within one year +€6,379
up €6,379 (+20.8%), from €30,635 to €37,014
of which Other amounts receivable: +€14,230
- Stocks and contracts -€6,236
down €6,236 (-31.0%), from €20,098 to €13,861
- Trade debts +€48,833
up €48,833 (+4945.4%), from €987 to €49,821
- Other debts +€41,848
up €41,848 (+331.0%), from €12,645 to €54,493
- Short-term financial debts +€6,741
new in 2025: €6,741
- Reserves +€6,000
up €6,000 (+2.5%), from €244,060 to €250,060
of which Distributable reserves: +€6,000
- Gross operating margin +€19,360
up €19,360 (+24.2%), from €79,959 to €99,318
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 | €283,454 | €383,811 | +€100,357 | +35.4% |
| Fixed assets | 21/28 | €6,449 | €33,344 | +€26,895 | +417.1% |
| Tangible fixed assets | 22/27 | €6,449 | €33,344 | +€26,895 | +417.1% |
| Plant, machinery and equipment | 23 | €3,156 | €2,317 | -€839 | -26.6% |
| Furniture and vehicles | 24 | €3,293 | €31,027 | +€27,734 | +842.3% |
| Current assets | 29/58 | €277,005 | €350,467 | +€73,462 | +26.5% |
| Stocks and contracts in progress | 3 | €20,098 | €13,861 | -€6,236 | -31.0% |
| Stocks | 30/36 | €20,098 | €13,861 | -€6,236 | -31.0% |
| Amounts receivable within one year | 40/41 | €30,635 | €37,014 | +€6,379 | +20.8% |
| Trade receivables | 40 | €18,552 | €10,701 | -€7,851 | -42.3% |
| Other amounts receivable | 41 | €12,083 | €26,313 | +€14,230 | +117.8% |
| Current investments | 50/53 | €67,081 | €67,081 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,446 | €231,729 | +€73,284 | +46.3% |
| Deferred charges and accrued income | 490/1 | €746 | €782 | +€37 | +4.9% |
| Total equity and liabilities | 10/49 | €283,454 | €383,811 | +€100,357 | +35.4% |
| Equity | 10/15 | €263,465 | €269,515 | +€6,050 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,060 | €250,060 | +€6,000 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €242,200 | €248,200 | +€6,000 | +2.5% |
| Profit (loss) carried forward | 14 | €805 | €855 | +€50 | +6.2% |
| Amounts payable | 17/49 | €19,989 | €114,296 | +€94,307 | +471.8% |
| Amounts payable within one year | 42/48 | €19,041 | €113,690 | +€94,648 | +497.1% |
| Financial debts | 43 | - | €6,741 | +€6,741 | |
| Credit institutions | 430/8 | - | €6,741 | +€6,741 | |
| Trade debts | 44 | €987 | €49,821 | +€48,833 | +4945.4% |
| Suppliers | 440/4 | €987 | €49,821 | +€48,833 | +4945.4% |
| Advances received on contracts in progress | 46 | €1,040 | - | -€1,040 | |
| Taxes, remuneration and social security | 45 | €4,369 | €2,636 | -€1,734 | -39.7% |
| Taxes | 450/3 | €1,379 | - | -€1,379 | |
| Remuneration and social security | 454/9 | €2,991 | €2,636 | -€355 | -11.9% |
| Other amounts payable | 47/48 | €12,645 | €54,493 | +€41,848 | +331.0% |
| Accrued charges and deferred income | 492/3 | €948 | €607 | -€341 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,762 | €2,593 | -€169 | -6.1% |
| Other operating charges | 640/8 | €639 | €636 | -€2 | -0.4% |
| Gross operating margin | 9900 | €79,959 | €99,318 | +€19,360 | +24.2% |
| Operating profit (loss) | 9901 | €76,558 | €96,089 | +€19,531 | +25.5% |
| Financial income | 75/76B | €2,904 | €3,185 | +€281 | +9.7% |
| Recurring financial income | 75 | €2,904 | €3,185 | +€281 | +9.7% |
| Financial charges | 65/66B | €1,110 | €1,123 | +€13 | +1.2% |
| Recurring financial charges | 65 | €1,110 | €1,123 | +€13 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €78,352 | €98,152 | +€19,799 | +25.3% |
| Income taxes | 67/77 | €21,703 | €22,544 | +€840 | +3.9% |
| Profit (loss) for the period | 9904 | €56,649 | €75,608 | +€18,959 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,649 | €75,608 | +€18,959 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.