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
- Receivables within one year +€29,950
up €29,950 (+104.6%), from €28,635 to €58,585
of which Other amounts receivable: +€35,975
- Cash -€3,564
down €3,564 (-7.9%), from €45,204 to €41,640
mainly Receivables within one year (-€29,950) and Tax, wage and social debts (-€9,748)
- Tangible fixed assets +€1,029
new in 2025: €1,029
- Reserves +€34,671
up €34,671 (+65.9%), from €52,607 to €87,277
- Tax, wage and social debts -€9,748
down €9,748 (-47.2%), from €20,666 to €10,917
- Trade debts +€2,260
new in 2025: €2,260
- Gross operating margin -€32,093
down €32,093 (-45.5%), from €70,480 to €38,387
- Taxes -€13,249
down €13,249 (-75.6%), from €17,536 to €4,287
- Financial income +€975
new in 2025: €975
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 | €74,772 | €101,954 | +€27,182 | +36.4% |
| Formation expenses | 20 | €933 | €699 | -€233 | -25.0% |
| Fixed assets | 21/28 | - | €1,029 | +€1,029 | |
| Tangible fixed assets | 22/27 | - | €1,029 | +€1,029 | |
| Plant, machinery and equipment | 23 | - | €1,029 | +€1,029 | |
| Current assets | 29/58 | €73,840 | €100,225 | +€26,386 | +35.7% |
| Amounts receivable within one year | 40/41 | €28,635 | €58,585 | +€29,950 | +104.6% |
| Trade receivables | 40 | €28,388 | €22,363 | -€6,025 | -21.2% |
| Other amounts receivable | 41 | €248 | €36,223 | +€35,975 | +14508.9% |
| Cash at bank and in hand | 54/58 | €45,204 | €41,640 | -€3,564 | -7.9% |
| Total equity and liabilities | 10/49 | €74,772 | €101,954 | +€27,182 | +36.4% |
| Equity | 10/15 | €54,107 | €88,777 | +€34,671 | +64.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €52,607 | €87,277 | +€34,671 | +65.9% |
| Distributable reserves | 133 | €52,607 | €87,277 | +€34,671 | +65.9% |
| Amounts payable | 17/49 | €20,666 | €13,177 | -€7,489 | -36.2% |
| Amounts payable within one year | 42/48 | €20,666 | €13,177 | -€7,489 | -36.2% |
| Trade debts | 44 | - | €2,260 | +€2,260 | |
| Suppliers | 440/4 | - | €2,260 | +€2,260 | |
| Taxes, remuneration and social security | 45 | €20,666 | €10,917 | -€9,748 | -47.2% |
| Taxes | 450/3 | €20,666 | €10,917 | -€9,748 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €44 | +€44 | |
| Other operating charges | 640/8 | €104 | €83 | -€21 | -20.3% |
| Non-recurring operating charges | 66A | €233 | €233 | = | 0.0% |
| Gross operating margin | 9900 | €70,480 | €38,387 | -€32,093 | -45.5% |
| Operating profit (loss) | 9901 | €70,143 | €38,027 | -€32,116 | -45.8% |
| Financial income | 75/76B | - | €975 | +€975 | |
| Recurring financial income | 75 | - | €975 | +€975 | |
| Financial charges | 65/66B | €1 | €45 | +€44 | +3490.4% |
| Recurring financial charges | 65 | €1 | €45 | +€44 | +3490.4% |
| Profit (loss) for the period before taxes | 9903 | €70,142 | €38,957 | -€31,185 | -44.5% |
| Income taxes | 67/77 | €17,536 | €4,287 | -€13,249 | -75.6% |
| Profit (loss) for the period | 9904 | €52,607 | €34,671 | -€17,936 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,607 | €34,671 | -€17,936 | -34.1% |
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 4 October 2026 via checked.be.