RVM: 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.
RVM
Largest movements
- Tangible fixed assets +€49,178
up €49,178 (+5919.4%), from €831 to €50,009
of which Furniture and vehicles: +€47,451
- Receivables within one year -€8,990
down €8,990 (-25.3%), from €35,538 to €26,548
of which Trade receivables: -€11,374
- Cash +€4,220
up €4,220 (+36.8%), from €11,457 to €15,677
mainly Debts after one year (+€31,905) and Net result for the year (+€12,903)
- Intangible fixed assets -€1,352
down €1,352 (-41.1%), from €3,289 to €1,937
- Deferred charges and accrued income +€1,083
up €1,083 (+47.4%), from €2,284 to €3,367
- Debts after one year +€31,905
new in 2025: €31,905
- Reserves +€12,903
up €12,903 (+311.4%), from €4,144 to €17,047
- Tax, wage and social debts -€11,667
down €11,667 (-41.8%), from €27,939 to €16,272
of which Taxes: -€8,380
- Current portion of long-term debt +€9,599
new in 2025: €9,599
- Gross operating margin +€23,101
up €23,101 (+155.5%), from €14,859 to €37,961
- Depreciation +€11,051
up €11,051 (+696.1%), from €1,588 to €12,639
- Taxes +€1,519
up €1,519 (+52.8%), from €2,874 to €4,393
- Other operating charges +€1,166
up €1,166 (+62.9%), from €1,853 to €3,019
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 | €53,399 | €97,538 | +€44,139 | +82.7% |
| Fixed assets | 21/28 | €4,119 | €51,945 | +€47,826 | +1161.0% |
| Intangible fixed assets | 21 | €3,289 | €1,937 | -€1,352 | -41.1% |
| Tangible fixed assets | 22/27 | €831 | €50,009 | +€49,178 | +5919.4% |
| Plant, machinery and equipment | 23 | - | €1,727 | +€1,727 | |
| Furniture and vehicles | 24 | €831 | €48,281 | +€47,451 | +5711.5% |
| Current assets | 29/58 | €49,280 | €45,592 | -€3,687 | -7.5% |
| Amounts receivable within one year | 40/41 | €35,538 | €26,548 | -€8,990 | -25.3% |
| Trade receivables | 40 | €21,054 | €9,680 | -€11,374 | -54.0% |
| Other amounts receivable | 41 | €14,484 | €16,868 | +€2,384 | +16.5% |
| Cash at bank and in hand | 54/58 | €11,457 | €15,677 | +€4,220 | +36.8% |
| Deferred charges and accrued income | 490/1 | €2,284 | €3,367 | +€1,083 | +47.4% |
| Total equity and liabilities | 10/49 | €53,399 | €97,538 | +€44,139 | +82.7% |
| Equity | 10/15 | €7,144 | €20,047 | +€12,903 | +180.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,144 | €17,047 | +€12,903 | +311.4% |
| Distributable reserves | 133 | €4,144 | €17,047 | +€12,903 | +311.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,255 | €77,491 | +€31,236 | +67.5% |
| Amounts payable after more than one year | 17 | - | €31,905 | +€31,905 | |
| Financial debts | 170/4 | - | €31,905 | +€31,905 | |
| Amounts payable within one year | 42/48 | €46,255 | €45,586 | -€669 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,599 | +€9,599 | |
| Financial debts | 43 | €778 | €1,646 | +€867 | +111.5% |
| Credit institutions | 430/8 | €778 | €1,646 | +€867 | +111.5% |
| Trade debts | 44 | €17,538 | €18,070 | +€532 | +3.0% |
| Suppliers | 440/4 | €17,538 | €18,070 | +€532 | +3.0% |
| Taxes, remuneration and social security | 45 | €27,939 | €16,272 | -€11,667 | -41.8% |
| Taxes | 450/3 | €21,939 | €13,559 | -€8,380 | -38.2% |
| Remuneration and social security | 454/9 | €6,000 | €2,713 | -€3,287 | -54.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,588 | €12,639 | +€11,051 | +696.1% |
| Other operating charges | 640/8 | €1,853 | €3,019 | +€1,166 | +62.9% |
| Gross operating margin | 9900 | €14,859 | €37,961 | +€23,101 | +155.5% |
| Operating profit (loss) | 9901 | €11,419 | €22,303 | +€10,884 | +95.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,812 | €5,007 | +€195 | +4.0% |
| Recurring financial charges | 65 | €4,812 | €5,007 | +€195 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €6,607 | €17,296 | +€10,689 | +161.8% |
| Income taxes | 67/77 | €2,874 | €4,393 | +€1,519 | +52.8% |
| Profit (loss) for the period | 9904 | €3,733 | €12,903 | +€9,171 | +245.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,733 | €12,903 | +€9,171 | +245.7% |
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 11 October 2026 via checked.be.