R&Tree Engineering: 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&Tree Engineering
Largest movements
- Cash +€19,818
up €19,818 (+85.4%), from €23,220 to €43,038
mainly Other debts (+€46,532) and Net result for the year (+€39,937)
- Tangible fixed assets -€9,860
down €9,860 (-32.2%), from €30,585 to €20,725
of which Furniture and vehicles: -€10,096
- Receivables within one year +€3,513
up €3,513 (+23.9%), from €14,702 to €18,215
of which Other amounts receivable: +€2,893
- Other debts +€46,532
up €46,532 (+612.5%), from €7,597 to €54,128
- Reserves -€33,813
down €33,813 (-94.8%), from €35,675 to €1,862
of which Distributable reserves: -€33,813
- Short-term financial debts +€2,679
up €2,679 (+133.0%), from €2,015 to €4,694
- Trade debts -€2,191
down €2,191 (-55.1%), from €3,979 to €1,787
- Gross operating margin +€3,134
up €3,134 (+5.1%), from €61,248 to €64,383
- Depreciation -€1,986
down €1,986 (-12.8%), from €15,455 to €13,469
- Taxes +€1,347
up €1,347 (+15.4%), from €8,760 to €10,107
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 | €69,563 | €82,975 | +€13,412 | +19.3% |
| Fixed assets | 21/28 | €30,585 | €20,725 | -€9,860 | -32.2% |
| Tangible fixed assets | 22/27 | €30,585 | €20,725 | -€9,860 | -32.2% |
| Plant, machinery and equipment | 23 | €15,988 | €14,732 | -€1,256 | -7.9% |
| Furniture and vehicles | 24 | €13,206 | €3,110 | -€10,096 | -76.5% |
| Other tangible fixed assets | 26 | €1,391 | €2,884 | +€1,493 | +107.3% |
| Current assets | 29/58 | €38,978 | €62,249 | +€23,271 | +59.7% |
| Amounts receivable within one year | 40/41 | €14,702 | €18,215 | +€3,513 | +23.9% |
| Trade receivables | 40 | €14,702 | €15,321 | +€620 | +4.2% |
| Other amounts receivable | 41 | - | €2,893 | +€2,893 | |
| Cash at bank and in hand | 54/58 | €23,220 | €43,038 | +€19,818 | +85.4% |
| Deferred charges and accrued income | 490/1 | €1,057 | €997 | -€60 | -5.7% |
| Total equity and liabilities | 10/49 | €69,563 | €82,975 | +€13,412 | +19.3% |
| Equity | 10/15 | €54,275 | €20,462 | -€33,813 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €35,675 | €1,862 | -€33,813 | -94.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,815 | €2 | -€33,813 | -100.0% |
| Amounts payable | 17/49 | €15,288 | €62,513 | +€47,224 | +308.9% |
| Amounts payable within one year | 42/48 | €15,288 | €62,513 | +€47,224 | +308.9% |
| Financial debts | 43 | €2,015 | €4,694 | +€2,679 | +133.0% |
| Other loans | 439 | €2,015 | €4,694 | +€2,679 | +133.0% |
| Trade debts | 44 | €3,979 | €1,787 | -€2,191 | -55.1% |
| Suppliers | 440/4 | €3,979 | €1,787 | -€2,191 | -55.1% |
| Taxes, remuneration and social security | 45 | €1,698 | €1,903 | +€205 | +12.0% |
| Taxes | 450/3 | €1,698 | €1,903 | +€205 | +12.0% |
| Other amounts payable | 47/48 | €7,597 | €54,128 | +€46,532 | +612.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,455 | €13,469 | -€1,986 | -12.8% |
| Other operating charges | 640/8 | €546 | €727 | +€181 | +33.2% |
| Gross operating margin | 9900 | €61,248 | €64,383 | +€3,134 | +5.1% |
| Operating profit (loss) | 9901 | €45,247 | €50,186 | +€4,939 | +10.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.1% |
| Financial charges | 65/66B | €174 | €142 | -€32 | -18.3% |
| Recurring financial charges | 65 | €174 | €142 | -€32 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €45,075 | €50,044 | +€4,969 | +11.0% |
| Income taxes | 67/77 | €8,760 | €10,107 | +€1,347 | +15.4% |
| Profit (loss) for the period | 9904 | €36,315 | €39,937 | +€3,622 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,315 | €39,937 | +€3,622 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.