RVM - SOFT: 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.
RVM - SOFT
Largest movements
- Tangible fixed assets +€869,492
up €869,492 (+57.8%), from €1.5m to €2.4m
of which Land and buildings: +€891,879
- Cash -€555,260
down €555,260 (-61.0%), from €910,957 to €355,697
mainly Investment in fixed assets (net) (-€949,920) and Debts after one year (-€130,201)
- Receivables within one year -€157,962
down €157,962 (-91.8%), from €172,112 to €14,150
of which Other amounts receivable: -€157,962
- Other debts +€404,915
new in 2025: €404,915
- Debts after one year -€130,201
down €130,201 (-37.7%), from €345,715 to €215,514
- Profit (loss) carried forward -€60,623
down €60,623 (-4.5%), from €1.4m to €1.3m
- Purchases and services -€70,477
no longer reported in 2025 (was €70,477)
- Other operating charges +€34,111
up €34,111 (+60.1%), from €56,773 to €90,884
- Taxes +€20,772
up €20,772 (+148.0%), from €14,033 to €34,804
- Turnover -€20,592
no longer reported in 2025 (was €20,592)
- Gross operating margin -€12,348
down €12,348 (-7.5%), from €164,919 to €152,571
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 | €2,604,013 | €2,760,283 | +€156,270 | +6.0% |
| Fixed assets | 21/28 | €1,504,658 | €2,374,150 | +€869,492 | +57.8% |
| Tangible fixed assets | 22/27 | €1,504,658 | €2,374,150 | +€869,492 | +57.8% |
| Land and buildings | 22 | €1,473,869 | €2,365,748 | +€891,879 | +60.5% |
| Furniture and vehicles | 24 | €30,789 | €8,402 | -€22,386 | -72.7% |
| Current assets | 29/58 | €1,099,355 | €386,133 | -€713,222 | -64.9% |
| Amounts receivable within one year | 40/41 | €172,112 | €14,150 | -€157,962 | -91.8% |
| Trade receivables | 40 | €2,646 | €2,646 | = | 0.0% |
| Other amounts receivable | 41 | €169,466 | €11,504 | -€157,962 | -93.2% |
| Current investments | 50/53 | €16,286 | €16,286 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €910,957 | €355,697 | -€555,260 | -61.0% |
| Total equity and liabilities | 10/49 | €2,604,013 | €2,760,283 | +€156,270 | +6.0% |
| Equity | 10/15 | €2,020,531 | €1,955,938 | -€64,592 | -3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €599,106 | €595,137 | -€3,970 | -0.7% |
| Non-distributable reserves | 130/1 | €46,448 | €46,448 | = | 0.0% |
| Legal reserve | 130 | €46,448 | - | -€46,448 | |
| Reserves not available under the articles | 1311 | - | €46,448 | +€46,448 | |
| Tax-exempt reserves | 132 | €85,482 | €81,513 | -€3,970 | -4.6% |
| Distributable reserves | 133 | €467,176 | €467,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,359,425 | €1,298,802 | -€60,623 | -4.5% |
| Provisions and deferred taxes | 16 | €44,018 | €41,974 | -€2,044 | -4.6% |
| Deferred taxes | 168 | €44,018 | €41,974 | -€2,044 | -4.6% |
| Amounts payable | 17/49 | €539,464 | €762,371 | +€222,907 | +41.3% |
| Amounts payable after more than one year | 17 | €345,715 | €215,514 | -€130,201 | -37.7% |
| Financial debts | 170/4 | €345,715 | €215,514 | -€130,201 | -37.7% |
| Amounts payable within one year | 42/48 | €167,794 | €545,875 | +€378,080 | +225.3% |
| Current portion of amounts payable after more than one year | 42 | €146,167 | €133,604 | -€12,563 | -8.6% |
| Trade debts | 44 | €6,050 | €6,050 | = | 0.0% |
| Suppliers | 440/4 | €6,050 | €6,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,577 | €1,305 | -€14,272 | -91.6% |
| Taxes | 450/3 | €13,977 | €1,305 | -€12,672 | -90.7% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | - | €404,915 | +€404,915 | |
| Accrued charges and deferred income | 492/3 | €25,954 | €982 | -€24,972 | -96.2% |
| Turnover | 70 | €20,592 | - | -€20,592 | |
| Goods, raw materials, services and sundry goods | 60/61 | €70,477 | - | -€70,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,700 | €80,427 | +€6,727 | +9.1% |
| Other operating charges | 640/8 | €56,773 | €90,884 | +€34,111 | +60.1% |
| Non-recurring operating charges | 66A | - | €1,835 | +€1,835 | |
| Gross operating margin | 9900 | €164,919 | €152,571 | -€12,348 | -7.5% |
| Operating profit (loss) | 9901 | €34,446 | -€20,575 | -€55,021 | |
| Financial income | 75/76B | €9,146 | - | -€9,146 | |
| Recurring financial income | 75 | €9,146 | - | -€9,146 | |
| Financial charges | 65/66B | €7,928 | €11,257 | +€3,329 | +42.0% |
| Recurring financial charges | 65 | €7,928 | €11,257 | +€3,329 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €35,664 | -€31,832 | -€67,496 | |
| Transfer from deferred taxes | 780 | €2,044 | €2,044 | = | 0.0% |
| Income taxes | 67/77 | €14,033 | €34,804 | +€20,772 | +148.0% |
| Profit (loss) for the period | 9904 | €23,675 | -€64,592 | -€88,268 | |
| Transfer from tax-exempt reserves | 789 | €3,970 | €3,970 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,645 | -€60,623 | -€88,268 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.