RUMEXPERTS: 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.
RUMEXPERTS
Largest movements
- Receivables within one year +€727,337
up €727,337 (+412%), from €176,711 to €904,047
of which Other amounts receivable: +€597,950
- Cash +€409,264
up €409,264 (+5,661%), from €7,229 to €416,493
mainly Contributions, distributions and other (+€1.5m) and Depreciation (+€231,497)
- Intangible fixed assets +€183,883
up €183,883 (+51.6%), from €356,299 to €540,183
- Stocks and contracts +€49,161
new in 2025: €49,161
- Contributions +€851,849
up €851,849 (+192%), from €443,750 to €1.3m
- Investment grants +€599,399
new in 2025: €599,399
- Short-term financial debts -€160,000
down €160,000 (-100%), from €160,000 to €0
- Trade debts +€125,718
up €125,718 (+155%), from €81,098 to €206,816
- Profit (loss) carried forward -€94,682
down €94,682 (-63.1%), from -€150,086 to -€244,767
- Depreciation +€89,829
up €89,829 (+63.4%), from €141,669 to €231,497
- Gross operating margin +€77,400
up €77,400 (+20.2%), from €383,704 to €461,104
- Staff costs +€76,039
up €76,039 (+34.9%), from €217,791 to €293,830
- Provisions +€35,000
new in 2025: €35,000
- Taxes -€5,770
down €5,770 (-61.1%), from -€9,446 to -€15,216
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.
Derived cash bridge
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 | €594,852 | €1,988,383 | +€1.4m | +234% |
| Fixed assets | 21/28 | €372,527 | €563,345 | +€190,818 | +51.2% |
| Intangible fixed assets | 21 | €356,299 | €540,183 | +€183,883 | +51.6% |
| Tangible fixed assets | 22/27 | €16,227 | €23,162 | +€6,935 | +42.7% |
| Plant, machinery and equipment | 23 | €13,788 | €15,548 | +€1,760 | +12.8% |
| Furniture and vehicles | 24 | €2,439 | €7,614 | +€5,175 | +212% |
| Current assets | 29/58 | €222,325 | €1,425,039 | +€1.2m | +541% |
| Stocks and contracts in progress | 3 | - | €49,161 | +€49,161 | |
| Stocks | 30/36 | - | €49,161 | +€49,161 | |
| Amounts receivable within one year | 40/41 | €176,711 | €904,047 | +€727,337 | +412% |
| Trade receivables | 40 | €59,157 | €188,543 | +€129,386 | +219% |
| Other amounts receivable | 41 | €117,554 | €715,504 | +€597,950 | +509% |
| Cash at bank and in hand | 54/58 | €7,229 | €416,493 | +€409,264 | +5,661% |
| Deferred charges and accrued income | 490/1 | €38,385 | €55,337 | +€16,952 | +44.2% |
| Total equity and liabilities | 10/49 | €594,852 | €1,988,383 | +€1.4m | +234% |
| Equity | 10/15 | €293,664 | €1,650,231 | +€1.4m | +462% |
| Contributions | 10/11 | €443,750 | €1,295,599 | +€851,849 | +192% |
| Profit (loss) carried forward | 14 | -€150,086 | -€244,767 | -€94,682 | -63.1% |
| Investment grants | 15 | - | €599,399 | +€599,399 | |
| Provisions and deferred taxes | 16 | - | €35,000 | +€35,000 | |
| Provisions for liabilities and charges | 160/5 | - | €35,000 | +€35,000 | |
| Environmental obligations | 163 | - | €35,000 | +€35,000 | |
| Amounts payable | 17/49 | €301,188 | €303,152 | +€1,965 | +0.7% |
| Amounts payable within one year | 42/48 | €300,810 | €248,087 | -€52,723 | -17.5% |
| Financial debts | 43 | €160,000 | €0 | -€160,000 | -100% |
| Credit institutions | 430/8 | €160,000 | €0 | -€160,000 | -100% |
| Trade debts | 44 | €81,098 | €206,816 | +€125,718 | +155% |
| Suppliers | 440/4 | €81,098 | €206,816 | +€125,718 | +155% |
| Taxes, remuneration and social security | 45 | €59,049 | €40,607 | -€18,442 | -31.2% |
| Taxes | 450/3 | €590 | €0 | -€590 | -100% |
| Remuneration and social security | 454/9 | €58,459 | €40,607 | -€17,852 | -30.5% |
| Other amounts payable | 47/48 | €664 | €664 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €378 | €55,066 | +€54,688 | +14,482% |
| Remuneration, social security and pensions | 62 | €217,791 | €293,830 | +€76,039 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,669 | €231,497 | +€89,829 | +63.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,000 | +€35,000 | |
| Other operating charges | 640/8 | €618 | €2,979 | +€2,361 | +382% |
| Gross operating margin | 9900 | €383,704 | €461,104 | +€77,400 | +20.2% |
| Operating profit (loss) | 9901 | €23,626 | -€102,202 | -€125,828 | |
| Financial income | 75/76B | €70 | €334 | +€264 | +377% |
| Recurring financial income | 75 | €70 | €334 | +€264 | +377% |
| Financial charges | 65/66B | €12,625 | €8,030 | -€4,595 | -36.4% |
| Recurring financial charges | 65 | €12,625 | €8,030 | -€4,595 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €11,071 | -€109,897 | -€120,969 | |
| Income taxes | 67/77 | -€9,446 | -€15,216 | -€5,770 | -61.1% |
| Profit (loss) for the period | 9904 | €20,517 | -€94,682 | -€115,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,517 | -€94,682 | -€115,199 |
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 27 October 2026 via checked.be.