R.A.T.C.: 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.
R.A.T.C.
Largest movements
- Receivables within one year -€35,354
down €35,354 (-83.8%), from €42,207 to €6,853
of which Trade receivables: -€37,500
- Cash -€15,061
down €15,061 (-30.7%), from €48,980 to €33,919
mainly Trade debts (-€45,375) and Contributions, distributions and other (-€10,000)
- Trade debts -€45,375
no longer reported in 2025 (was €45,375)
- Profit (loss) carried forward -€10,509
down €10,509 (-55.2%), from €19,045 to €8,536
- Other debts +€5,102
up €5,102 (+104%), from €4,898 to €10,000
- Gross operating margin -€9,386
down €9,386 (-74.9%), from €12,530 to €3,145
- Taxes +€2,912
up €2,912 (+1,629%), from €179 to €3,090
- Depreciation -€1,657
down €1,657 (-96.3%), from €1,721 to €63
- Other operating charges -€173
down €173 (-27.9%), from €618 to €446
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 | €92,964 | €42,182 | -€50,782 | -54.6% |
| Fixed assets | 21/28 | €1,777 | €1,410 | -€367 | -20.6% |
| Tangible fixed assets | 22/27 | €1,777 | €1,410 | -€367 | -20.6% |
| Furniture and vehicles | 24 | €1,777 | €1,410 | -€367 | -20.6% |
| Current assets | 29/58 | €91,187 | €40,772 | -€50,415 | -55.3% |
| Amounts receivable within one year | 40/41 | €42,207 | €6,853 | -€35,354 | -83.8% |
| Trade receivables | 40 | €37,500 | - | -€37,500 | |
| Other amounts receivable | 41 | €4,707 | €6,853 | +€2,146 | +45.6% |
| Cash at bank and in hand | 54/58 | €48,980 | €33,919 | -€15,061 | -30.7% |
| Total equity and liabilities | 10/49 | €92,964 | €42,182 | -€50,782 | -54.6% |
| Equity | 10/15 | €40,846 | €30,338 | -€10,509 | -25.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,210 | €3,210 | = | 0.0% |
| Distributable reserves | 133 | €3,210 | €3,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,045 | €8,536 | -€10,509 | -55.2% |
| Amounts payable | 17/49 | €52,118 | €11,845 | -€40,273 | -77.3% |
| Amounts payable within one year | 42/48 | €52,118 | €11,845 | -€40,273 | -77.3% |
| Trade debts | 44 | €45,375 | - | -€45,375 | |
| Suppliers | 440/4 | €45,375 | - | -€45,375 | |
| Taxes, remuneration and social security | 45 | €1,845 | €1,845 | = | 0.0% |
| Taxes | 450/3 | €1,845 | €1,845 | = | 0.0% |
| Other amounts payable | 47/48 | €4,898 | €10,000 | +€5,102 | +104% |
| Non-recurring operating income | 76A | - | €9,818 | +€9,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,721 | €63 | -€1,657 | -96.3% |
| Other operating charges | 640/8 | €618 | €446 | -€173 | -27.9% |
| Gross operating margin | 9900 | €12,530 | €3,145 | -€9,386 | -74.9% |
| Operating profit (loss) | 9901 | €10,191 | €2,636 | -€7,555 | -74.1% |
| Financial charges | 65/66B | €122 | €54 | -€67 | -55.5% |
| Recurring financial charges | 65 | €122 | €54 | -€67 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €10,070 | €2,582 | -€7,488 | -74.4% |
| Income taxes | 67/77 | €179 | €3,090 | +€2,912 | +1,629% |
| Profit (loss) for the period | 9904 | €9,891 | -€509 | -€10,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,891 | -€509 | -€10,400 |
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 29 October 2026 via checked.be.