RMW: 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.
What changed
RMW
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€33,003
2024 · -€34,558+€1,555
Equity
€6.5m
2024 · €6.8m-€220,446
Cash
€76,750
2024 · €67,857+€8,893
Balance sheet total
€6.6m
2024 · €6.8m-€220,327
Largest movements
Assets
- Tangible fixed assets -€229,241
down €229,241 (-3.4%), from €6.7m to €6.5m
Equity and liabilities
- Investment grants -€187,444
down €187,444 (-3.7%), from €5.0m to €4.8m
Income statement
- Turnover +€2,166
up €2,166 (+16.6%), from €13,052 to €15,218
- Services and other goods +€532
up €532 (+10.4%), from €5,133 to €5,665
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.
Result 2024
-€34,558
Turnover
+€2,166
Other operating income
+€4
Services and other goods
-€532
Other operating charges
-€31
Financial income
-€41
Financial charges
-€13
Result 2025
-€33,003
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.
From operations
+€196,337
Investment
€0
Financing
-€187,444
Cash 2024
€67,857
From operations (derived)
+€196,337
Net result for the year
-€33,003
Depreciation
+€229,241
Smaller working-capital items
+€99
Financing
-€187,444
Contributions, distributions and other
-€187,444
Cash 2025
€76,750
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,775,990 | €6,555,663 | -€220,327 | -3.3% |
| Fixed assets | 21/28 | €6,707,820 | €6,478,579 | -€229,241 | -3.4% |
| Tangible fixed assets | 22/27 | €6,707,820 | €6,478,579 | -€229,241 | -3.4% |
| Other tangible fixed assets | 26 | €6,707,820 | €6,478,579 | -€229,241 | -3.4% |
| Current assets | 29/58 | €68,170 | €77,083 | +€8,914 | +13.1% |
| Amounts receivable after more than one year | 29 | €118 | €199 | +€81 | +68.7% |
| Other amounts receivable | 291 | €118 | €199 | +€81 | +68.7% |
| Cash at bank and in hand | 54/58 | €67,857 | €76,750 | +€8,893 | +13.1% |
| Deferred charges and accrued income | 490/1 | €195 | €135 | -€60 | -30.9% |
| Total equity and liabilities | 10/49 | €6,775,990 | €6,555,663 | -€220,327 | -3.3% |
| Equity | 10/15 | €6,769,517 | €6,549,071 | -€220,446 | -3.3% |
| Contributions | 10/11 | €2,011,500 | €2,011,500 | = | 0.0% |
| Capital | 10 | €2,011,500 | €2,011,500 | = | 0.0% |
| Issued capital | 100 | €2,011,500 | €2,011,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273,574 | -€306,577 | -€33,003 | -12.1% |
| Investment grants | 15 | €5,031,591 | €4,844,148 | -€187,444 | -3.7% |
| Amounts payable | 17/49 | €6,473 | €6,592 | +€119 | +1.8% |
| Amounts payable within one year | 42/48 | €4 | €4 | -€0 | -1.9% |
| Trade debts | 44 | €4 | €4 | -€0 | -1.9% |
| Suppliers | 440/4 | €4 | €4 | -€0 | -1.9% |
| Accrued charges and deferred income | 492/3 | €6,468 | €6,588 | +€119 | +1.8% |
| Operating income | 70/76A | €13,052 | €15,222 | +€2,171 | +16.6% |
| Turnover | 70 | €13,052 | €15,218 | +€2,166 | +16.6% |
| Other operating income | 74 | - | €4 | +€4 | |
| Operating charges | 60/66A | €235,403 | €235,966 | +€563 | +0.2% |
| Services and other goods | 61 | €5,133 | €5,665 | +€532 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,241 | €229,241 | = | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Operating profit (loss) | 9901 | -€222,352 | -€220,744 | +€1,608 | +0.7% |
| Financial income | 75/76B | €187,795 | €187,754 | -€41 | 0.0% |
| Recurring financial income | 75 | €187,795 | €187,754 | -€41 | 0.0% |
| Income from current assets | 751 | €351 | €311 | -€41 | -11.6% |
| Other financial income | 752/9 | €187,444 | €187,444 | = | 0.0% |
| Financial charges | 65/66B | €1 | €13 | +€13 | +2120.0% |
| Recurring financial charges | 65 | €1 | €13 | +€13 | +2120.0% |
| Other financial charges | 652/9 | €1 | €13 | +€13 | +2120.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,558 | -€33,003 | +€1,555 | +4.5% |
| Profit (loss) for the period | 9904 | -€34,558 | -€33,003 | +€1,555 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,558 | -€33,003 | +€1,555 | +4.5% |
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 30 September 2026 via checked.be.