GLOBAL RTLS: 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.
GLOBAL RTLS
Largest movements
- Receivables within one year +€41,780
up €41,780 (+107.5%), from €38,858 to €80,638
of which Trade receivables: +€50,476
- Cash -€7,447
down €7,447 (-16.5%), from €45,066 to €37,619
mainly Contributions, distributions and other (-€46,357) and Receivables within one year (-€41,780)
- Tangible fixed assets -€7,045
down €7,045 (-63.2%), from €11,154 to €4,109
- Other debts +€19,842
up €19,842 (+101.4%), from €19,561 to €39,403
- Reserves +€7,815
up €7,815 (+16.9%), from €46,357 to €54,172
- Tax, wage and social debts +€4,159
up €4,159 (+36.8%), from €11,287 to €15,446
of which Remuneration and social security: +€3,150
- Debts after one year -€3,770
no longer reported in 2025 (was €3,770)
- Current portion of long-term debt -€2,061
down €2,061 (-32.4%), from €6,366 to €4,305
- Gross operating margin +€38,177
up €38,177 (+97.5%), from €39,165 to €77,342
- Taxes +€7,741
up €7,741 (+101.8%), from €7,601 to €15,342
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 | €95,078 | €122,366 | +€27,288 | +28.7% |
| Fixed assets | 21/28 | €11,154 | €4,109 | -€7,045 | -63.2% |
| Tangible fixed assets | 22/27 | €11,154 | €4,109 | -€7,045 | -63.2% |
| Furniture and vehicles | 24 | €11,154 | €4,109 | -€7,045 | -63.2% |
| Current assets | 29/58 | €83,924 | €118,257 | +€34,333 | +40.9% |
| Amounts receivable within one year | 40/41 | €38,858 | €80,638 | +€41,780 | +107.5% |
| Trade receivables | 40 | €29,886 | €80,362 | +€50,476 | +168.9% |
| Other amounts receivable | 41 | €8,972 | €276 | -€8,696 | -96.9% |
| Cash at bank and in hand | 54/58 | €45,066 | €37,619 | -€7,447 | -16.5% |
| Total equity and liabilities | 10/49 | €95,078 | €122,366 | +€27,288 | +28.7% |
| Equity | 10/15 | €52,339 | €60,154 | +€7,815 | +14.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,357 | €54,172 | +€7,815 | +16.9% |
| Distributable reserves | 133 | €46,357 | €54,172 | +€7,815 | +16.9% |
| Profit (loss) carried forward | 14 | €982 | €982 | = | 0.0% |
| Amounts payable | 17/49 | €42,739 | €62,212 | +€19,473 | +45.6% |
| Amounts payable after more than one year | 17 | €3,770 | - | -€3,770 | |
| Financial debts | 170/4 | €3,770 | - | -€3,770 | |
| Amounts payable within one year | 42/48 | €38,969 | €62,212 | +€23,243 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €6,366 | €4,305 | -€2,061 | -32.4% |
| Trade debts | 44 | €1,755 | €3,058 | +€1,303 | +74.2% |
| Suppliers | 440/4 | €1,755 | €3,058 | +€1,303 | +74.2% |
| Taxes, remuneration and social security | 45 | €11,287 | €15,446 | +€4,159 | +36.8% |
| Taxes | 450/3 | €11,287 | €12,296 | +€1,009 | +8.9% |
| Remuneration and social security | 454/9 | - | €3,150 | +€3,150 | |
| Other amounts payable | 47/48 | €19,561 | €39,403 | +€19,842 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,044 | €7,045 | +€1 | 0.0% |
| Other operating charges | 640/8 | €448 | €555 | +€107 | +23.9% |
| Gross operating margin | 9900 | €39,165 | €77,342 | +€38,177 | +97.5% |
| Operating profit (loss) | 9901 | €31,673 | €69,742 | +€38,069 | +120.2% |
| Financial charges | 65/66B | €410 | €228 | -€182 | -44.4% |
| Recurring financial charges | 65 | €410 | €228 | -€182 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €31,263 | €69,514 | +€38,251 | +122.4% |
| Income taxes | 67/77 | €7,601 | €15,342 | +€7,741 | +101.8% |
| Profit (loss) for the period | 9904 | €23,662 | €54,172 | +€30,510 | +128.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,662 | €54,172 | +€30,510 | +128.9% |
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 10 October 2026 via checked.be.