RAIL TECHNICAL SUPPORT: 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.
RAIL TECHNICAL SUPPORT
Largest movements
- Cash +€49,636
up €49,636 (+52.1%), from €95,334 to €144,970
mainly Net result for the year (+€60,814) and Other debts (+€30,050)
- Receivables within one year +€25,658
up €25,658 (+29.9%), from €85,685 to €111,343
of which Trade receivables: +€21,505
- Financial fixed assets +€8,220
new in 2025: €8,220
- Other debts +€30,050
up €30,050 (+111.3%), from €27,011 to €57,061
- Tax, wage and social debts +€29,145
up €29,145 (+45.5%), from €64,024 to €93,168
of which Taxes: +€42,312
- Trade debts +€24,648
up €24,648 (+109.9%), from €22,430 to €47,078
- Gross operating margin +€150,894
up €150,894 (+59.1%), from €255,185 to €406,078
- Staff costs +€117,350
up €117,350 (+61.5%), from €190,693 to €308,043
- Taxes +€11,921
up €11,921 (+55.6%), from €21,426 to €33,347
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 | €189,491 | €274,148 | +€84,657 | +44.7% |
| Fixed assets | 21/28 | €1,331 | €8,511 | +€7,180 | +539.5% |
| Intangible fixed assets | 21 | €1,290 | €290 | -€1,000 | -77.5% |
| Tangible fixed assets | 22/27 | €40 | - | -€40 | |
| Furniture and vehicles | 24 | €40 | - | -€40 | |
| Financial fixed assets | 28 | - | €8,220 | +€8,220 | |
| Current assets | 29/58 | €188,160 | €265,637 | +€77,477 | +41.2% |
| Amounts receivable within one year | 40/41 | €85,685 | €111,343 | +€25,658 | +29.9% |
| Trade receivables | 40 | €85,685 | €107,190 | +€21,505 | +25.1% |
| Other amounts receivable | 41 | - | €4,153 | +€4,153 | |
| Cash at bank and in hand | 54/58 | €95,334 | €144,970 | +€49,636 | +52.1% |
| Deferred charges and accrued income | 490/1 | €7,141 | €9,324 | +€2,183 | +30.6% |
| Total equity and liabilities | 10/49 | €189,491 | €274,148 | +€84,657 | +44.7% |
| Equity | 10/15 | €76,027 | €76,841 | +€814 | +1.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €16,027 | €16,841 | +€814 | +5.1% |
| Distributable reserves | 133 | €16,027 | €16,841 | +€814 | +5.1% |
| Amounts payable | 17/49 | €113,464 | €197,307 | +€83,843 | +73.9% |
| Amounts payable within one year | 42/48 | €113,464 | €197,307 | +€83,843 | +73.9% |
| Trade debts | 44 | €22,430 | €47,078 | +€24,648 | +109.9% |
| Suppliers | 440/4 | €22,430 | €47,078 | +€24,648 | +109.9% |
| Taxes, remuneration and social security | 45 | €64,024 | €93,168 | +€29,145 | +45.5% |
| Taxes | 450/3 | €17,523 | €59,836 | +€42,312 | +241.5% |
| Remuneration and social security | 454/9 | €46,500 | €33,333 | -€13,167 | -28.3% |
| Other amounts payable | 47/48 | €27,011 | €57,061 | +€30,050 | +111.3% |
| Remuneration, social security and pensions | 62 | €190,693 | €308,043 | +€117,350 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,326 | €1,040 | -€286 | -21.5% |
| Other operating charges | 640/8 | €637 | €2,920 | +€2,283 | +358.1% |
| Gross operating margin | 9900 | €255,185 | €406,078 | +€150,894 | +59.1% |
| Operating profit (loss) | 9901 | €62,528 | €94,075 | +€31,547 | +50.5% |
| Financial income | 75/76B | €9 | €367 | +€358 | +3969.1% |
| Recurring financial income | 75 | €9 | €367 | +€358 | +3969.1% |
| Financial charges | 65/66B | €323 | €281 | -€42 | -12.9% |
| Recurring financial charges | 65 | €323 | €281 | -€42 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €62,214 | €94,161 | +€31,947 | +51.3% |
| Income taxes | 67/77 | €21,426 | €33,347 | +€11,921 | +55.6% |
| Profit (loss) for the period | 9904 | €40,788 | €60,814 | +€20,025 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,788 | €60,814 | +€20,025 | +49.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.