RSM Chauffage: what changed
RSM Chauffage
Largest movements
- Receivables within one year +€64,698
up €64,698 (+120%), from €54,023 to €118,721
of which Trade receivables: +€62,151
- Tangible fixed assets -€19,525
down €19,525 (-29.3%), from €66,548 to €47,024
of which Furniture and vehicles: -€22,613
- Cash +€11,090
up €11,090 (+14.8%), from €75,111 to €86,201
mainly Other debts (+€92,992) and Net result for the year (+€50,854)
- Stocks and contracts -€5,550
down €5,550 (-38.2%), from €14,526 to €8,976
- Deferred charges and accrued income +€4,647
up €4,647 (+77.7%), from €5,978 to €10,625
- Other debts +€92,992
up €92,992 (+6,416%), from €1,449 to €94,442
- Reserves -€43,263
down €43,263 (-32.1%), from €134,962 to €91,699
- Trade debts +€14,805
up €14,805 (+120%), from €12,381 to €27,186
- Tax, wage and social debts +€13,984
up €13,984 (+438%), from €3,189 to €17,173
of which Taxes: +€9,064
- Current portion of long-term debt -€12,877
down €12,877 (-75.0%), from €17,179 to €4,303
- Gross operating margin +€47,927
up €47,927 (+29.8%), from €160,946 to €208,874
- Staff costs +€22,818
up €22,818 (+23.1%), from €98,776 to €121,594
- Taxes +€9,064
up €9,064 (+284%), from €3,189 to €12,253
- Other operating charges -€4,598
down €4,598 (-70.3%), from €6,539 to €1,942
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,187 | €271,547 | +€55,359 | +25.6% |
| Fixed assets | 21/28 | €66,548 | €47,024 | -€19,525 | -29.3% |
| Tangible fixed assets | 22/27 | €66,548 | €47,024 | -€19,525 | -29.3% |
| Plant, machinery and equipment | 23 | €483 | €1,435 | +€952 | +197% |
| Furniture and vehicles | 24 | €66,065 | €43,451 | -€22,613 | -34.2% |
| Other tangible fixed assets | 26 | - | €2,137 | +€2,137 | |
| Current assets | 29/58 | €149,639 | €224,523 | +€74,884 | +50.0% |
| Stocks and contracts in progress | 3 | €14,526 | €8,976 | -€5,550 | -38.2% |
| Stocks | 30/36 | €14,526 | €8,976 | -€5,550 | -38.2% |
| Amounts receivable within one year | 40/41 | €54,023 | €118,721 | +€64,698 | +120% |
| Trade receivables | 40 | €49,890 | €112,042 | +€62,151 | +125% |
| Other amounts receivable | 41 | €4,133 | €6,679 | +€2,546 | +61.6% |
| Cash at bank and in hand | 54/58 | €75,111 | €86,201 | +€11,090 | +14.8% |
| Deferred charges and accrued income | 490/1 | €5,978 | €10,625 | +€4,647 | +77.7% |
| Total equity and liabilities | 10/49 | €216,187 | €271,547 | +€55,359 | +25.6% |
| Equity | 10/15 | €136,262 | €92,999 | -€43,263 | -31.7% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Reserves | 13 | €134,962 | €91,699 | -€43,263 | -32.1% |
| Distributable reserves | 133 | €134,962 | €91,699 | -€43,263 | -32.1% |
| Amounts payable | 17/49 | €79,925 | €178,548 | +€98,623 | +123% |
| Amounts payable after more than one year | 17 | €35,948 | €30,369 | -€5,580 | -15.5% |
| Financial debts | 170/4 | €35,948 | €30,369 | -€5,580 | -15.5% |
| Amounts payable within one year | 42/48 | €34,199 | €143,104 | +€108,905 | +318% |
| Current portion of amounts payable after more than one year | 42 | €17,179 | €4,303 | -€12,877 | -75.0% |
| Trade debts | 44 | €12,381 | €27,186 | +€14,805 | +120% |
| Suppliers | 440/4 | €12,381 | €27,186 | +€14,805 | +120% |
| Taxes, remuneration and social security | 45 | €3,189 | €17,173 | +€13,984 | +438% |
| Taxes | 450/3 | €3,189 | €12,253 | +€9,064 | +284% |
| Remuneration and social security | 454/9 | - | €4,920 | +€4,920 | |
| Other amounts payable | 47/48 | €1,449 | €94,442 | +€92,992 | +6,416% |
| Accrued charges and deferred income | 492/3 | €9,778 | €5,075 | -€4,703 | -48.1% |
| Remuneration, social security and pensions | 62 | €98,776 | €121,594 | +€22,818 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,279 | €23,360 | -€919 | -3.8% |
| Other operating charges | 640/8 | €6,539 | €1,942 | -€4,598 | -70.3% |
| Gross operating margin | 9900 | €160,946 | €208,874 | +€47,927 | +29.8% |
| Operating profit (loss) | 9901 | €31,352 | €61,977 | +€30,625 | +97.7% |
| Financial income | 75/76B | €2,033 | €1,521 | -€513 | -25.2% |
| Recurring financial income | 75 | €2,033 | €1,521 | -€513 | -25.2% |
| Financial charges | 65/66B | €2,050 | €390 | -€1,659 | -80.9% |
| Recurring financial charges | 65 | €2,050 | €390 | -€1,659 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €31,336 | €63,108 | +€31,772 | +101% |
| Income taxes | 67/77 | €3,189 | €12,253 | +€9,064 | +284% |
| Profit (loss) for the period | 9904 | €28,146 | €50,854 | +€22,708 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,146 | €50,854 | +€22,708 | +80.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.