RMSC: 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.
RMSC
Largest movements
- Cash -€27,866
down €27,866 (-36.7%), from €75,972 to €48,106
mainly Net result for the year (-€78,901) and Receivables within one year (-€13,067)
- Deferred charges and accrued income -€13,615
down €13,615 (-86.7%), from €15,697 to €2,082
- Receivables within one year +€13,067
up €13,067 (+43.2%), from €30,221 to €43,288
of which Trade receivables: +€22,629
- Stocks and contracts +€6,738
up €6,738 (+37.7%), from €17,875 to €24,613
- Profit (loss) carried forward -€78,901
new in 2025: -€78,901
- Tax, wage and social debts +€37,845
up €37,845 (+47.4%), from €79,909 to €117,754
of which Remuneration and social security: +€28,731
- Trade debts +€21,790
up €21,790 (+88.3%), from €24,671 to €46,462
- Other debts -€1,772
down €1,772 (-68.8%), from €2,575 to €803
- Staff costs +€102,404
up €102,404 (+31.3%), from €327,404 to €429,809
- Gross operating margin -€35,296
down €35,296 (-8.8%), from €400,170 to €364,874
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 | €176,779 | €155,742 | -€21,037 | -11.9% |
| Fixed assets | 21/28 | €37,015 | €37,653 | +€638 | +1.7% |
| Tangible fixed assets | 22/27 | €33,615 | €34,253 | +€638 | +1.9% |
| Plant, machinery and equipment | 23 | €8,679 | €10,351 | +€1,672 | +19.3% |
| Furniture and vehicles | 24 | €6,138 | €5,480 | -€658 | -10.7% |
| Other tangible fixed assets | 26 | €18,798 | €18,422 | -€376 | -2.0% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €139,764 | €118,089 | -€21,676 | -15.5% |
| Stocks and contracts in progress | 3 | €17,875 | €24,613 | +€6,738 | +37.7% |
| Stocks | 30/36 | €17,875 | €24,613 | +€6,738 | +37.7% |
| Amounts receivable within one year | 40/41 | €30,221 | €43,288 | +€13,067 | +43.2% |
| Trade receivables | 40 | €10,290 | €32,919 | +€22,629 | +219.9% |
| Other amounts receivable | 41 | €19,931 | €10,369 | -€9,562 | -48.0% |
| Cash at bank and in hand | 54/58 | €75,972 | €48,106 | -€27,866 | -36.7% |
| Deferred charges and accrued income | 490/1 | €15,697 | €2,082 | -€13,615 | -86.7% |
| Total equity and liabilities | 10/49 | €176,779 | €155,742 | -€21,037 | -11.9% |
| Equity | 10/15 | €68,374 | -€10,527 | -€78,901 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | - | -€30,000 | |
| Other | 1109/19 | €30,000 | - | -€30,000 | |
| Reserves | 13 | €38,374 | €38,374 | = | 0.0% |
| Distributable reserves | 133 | €38,374 | €38,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€78,901 | -€78,901 | |
| Amounts payable | 17/49 | €108,405 | €166,269 | +€57,864 | +53.4% |
| Amounts payable within one year | 42/48 | €107,155 | €165,019 | +€57,864 | +54.0% |
| Trade debts | 44 | €24,671 | €46,462 | +€21,790 | +88.3% |
| Suppliers | 440/4 | €24,671 | €46,462 | +€21,790 | +88.3% |
| Taxes, remuneration and social security | 45 | €79,909 | €117,754 | +€37,845 | +47.4% |
| Taxes | 450/3 | €40,893 | €50,007 | +€9,113 | +22.3% |
| Remuneration and social security | 454/9 | €39,016 | €67,747 | +€28,731 | +73.6% |
| Other amounts payable | 47/48 | €2,575 | €803 | -€1,772 | -68.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €327,404 | €429,809 | +€102,404 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,134 | €8,176 | +€1,042 | +14.6% |
| Other operating charges | 640/8 | €2,423 | €2,434 | +€11 | +0.5% |
| Gross operating margin | 9900 | €400,170 | €364,874 | -€35,296 | -8.8% |
| Operating profit (loss) | 9901 | €63,209 | -€75,545 | -€138,754 | |
| Financial income | 75/76B | €467 | €561 | +€95 | +20.3% |
| Recurring financial income | 75 | €467 | €561 | +€95 | +20.3% |
| Financial charges | 65/66B | €4,827 | €3,768 | -€1,060 | -22.0% |
| Recurring financial charges | 65 | €4,827 | €3,768 | -€1,060 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €58,848 | -€78,751 | -€137,599 | |
| Income taxes | 67/77 | €3,861 | €150 | -€3,711 | -96.1% |
| Profit (loss) for the period | 9904 | €54,987 | -€78,901 | -€133,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,987 | -€78,901 | -€133,888 |
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 12 October 2026 via checked.be.