RMS8: 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.
RMS8
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+131.3%), from €836,929 to €1.9m
of which Trade receivables: +€1.1m
- Stocks and contracts +€226,394
up €226,394 (+16.5%), from €1.4m to €1.6m
- Tangible fixed assets -€150,632
down €150,632 (-24.1%), from €626,059 to €475,426
of which Leasing and similar rights: -€178,708
- Cash +€112,078
up €112,078 (+512.7%), from €21,862 to €133,940
mainly Trade debts (+€745,059) and Short-term financial debts (+€520,000)
- Trade debts +€745,059
up €745,059 (+66.5%), from €1.1m to €1.9m
- Short-term financial debts +€520,000
new in 2025: €520,000
- Reserves +€213,015
up €213,015 (+83.4%), from €255,558 to €468,573
of which Distributable reserves: +€213,015
- Current portion of long-term debt -€119,420
down €119,420 (-51.0%), from €234,182 to €114,762
- Other debts -€113,960
down €113,960 (-18.8%), from €607,635 to €493,675
- Gross operating margin +€190,356
up €190,356 (+21.5%), from €887,142 to €1.1m
- Staff costs +€96,339
up €96,339 (+35.1%), from €274,125 to €370,464
- Provisions -€65,000
down €65,000 (-100.0%), from €65,000 to €0
- Write-downs +€64,495
up €64,495 (+645.7%), from €9,989 to €74,484
- Taxes +€43,876
up €43,876 (+88.3%), from €49,676 to €93,552
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 | €2,898,441 | €4,183,545 | +€1.3m | +44.3% |
| Fixed assets | 21/28 | €642,178 | €487,102 | -€155,076 | -24.1% |
| Intangible fixed assets | 21 | €15,949 | €11,505 | -€4,444 | -27.9% |
| Tangible fixed assets | 22/27 | €626,059 | €475,426 | -€150,632 | -24.1% |
| Plant, machinery and equipment | 23 | €282,545 | €237,779 | -€44,767 | -15.8% |
| Furniture and vehicles | 24 | €20,240 | €96,395 | +€76,155 | +376.3% |
| Leasing and similar rights | 25 | €302,218 | €123,509 | -€178,708 | -59.1% |
| Other tangible fixed assets | 26 | €21,056 | €17,743 | -€3,313 | -15.7% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €2,256,264 | €3,696,444 | +€1.4m | +63.8% |
| Stocks and contracts in progress | 3 | €1,371,745 | €1,598,138 | +€226,394 | +16.5% |
| Stocks | 30/36 | €1,371,745 | €1,598,138 | +€226,394 | +16.5% |
| Amounts receivable within one year | 40/41 | €836,929 | €1,936,117 | +€1.1m | +131.3% |
| Trade receivables | 40 | €810,567 | €1,894,709 | +€1.1m | +133.8% |
| Other amounts receivable | 41 | €26,361 | €41,408 | +€15,047 | +57.1% |
| Cash at bank and in hand | 54/58 | €21,862 | €133,940 | +€112,078 | +512.7% |
| Deferred charges and accrued income | 490/1 | €25,728 | €28,248 | +€2,520 | +9.8% |
| Total equity and liabilities | 10/49 | €2,898,441 | €4,183,545 | +€1.3m | +44.3% |
| Equity | 10/15 | €399,238 | €617,863 | +€218,625 | +54.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €255,558 | €468,573 | +€213,015 | +83.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €255,558 | €468,573 | +€213,015 | +83.4% |
| Profit (loss) carried forward | 14 | €115,483 | €115,483 | = | 0.0% |
| Investment grants | 15 | €9,648 | €15,258 | +€5,610 | +58.1% |
| Provisions and deferred taxes | 16 | €65,000 | €65,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,000 | €65,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,434,203 | €3,500,682 | +€1.1m | +43.8% |
| Amounts payable after more than one year | 17 | €299,988 | €278,640 | -€21,348 | -7.1% |
| Financial debts | 170/4 | €285,648 | €274,500 | -€11,148 | -3.9% |
| Other amounts payable | 178/9 | €14,340 | €4,140 | -€10,200 | -71.1% |
| Amounts payable within one year | 42/48 | €2,020,405 | €3,075,367 | +€1.1m | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €234,182 | €114,762 | -€119,420 | -51.0% |
| Financial debts | 43 | - | €520,000 | +€520,000 | |
| Credit institutions | 430/8 | - | €520,000 | +€520,000 | |
| Trade debts | 44 | €1,120,118 | €1,865,177 | +€745,059 | +66.5% |
| Suppliers | 440/4 | €1,120,118 | €1,865,177 | +€745,059 | +66.5% |
| Taxes, remuneration and social security | 45 | €58,471 | €81,753 | +€23,283 | +39.8% |
| Taxes | 450/3 | €27,545 | €43,706 | +€16,160 | +58.7% |
| Remuneration and social security | 454/9 | €30,926 | €38,048 | +€7,122 | +23.0% |
| Other amounts payable | 47/48 | €607,635 | €493,675 | -€113,960 | -18.8% |
| Accrued charges and deferred income | 492/3 | €113,810 | €146,675 | +€32,865 | +28.9% |
| Remuneration, social security and pensions | 62 | €274,125 | €370,464 | +€96,339 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,077 | €286,484 | -€13,594 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,989 | €74,484 | +€64,495 | +645.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €65,000 | €0 | -€65,000 | -100.0% |
| Other operating charges | 640/8 | €33,918 | €31,731 | -€2,187 | -6.4% |
| Gross operating margin | 9900 | €887,142 | €1,077,498 | +€190,356 | +21.5% |
| Operating profit (loss) | 9901 | €204,032 | €314,335 | +€110,303 | +54.1% |
| Financial income | 75/76B | €7,672 | €33,032 | +€25,360 | +330.6% |
| Recurring financial income | 75 | €7,672 | €33,032 | +€25,360 | +330.6% |
| Financial charges | 65/66B | €53,324 | €40,799 | -€12,525 | -23.5% |
| Recurring financial charges | 65 | €53,324 | €40,799 | -€12,525 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €158,379 | €306,567 | +€148,188 | +93.6% |
| Income taxes | 67/77 | €49,676 | €93,552 | +€43,876 | +88.3% |
| Profit (loss) for the period | 9904 | €108,703 | €213,015 | +€104,312 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,703 | €213,015 | +€104,312 | +96.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.