Real-T Projects: 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.
Real-T Projects
Largest movements
- Stocks and contracts +€284,124
up €284,124 (+34.1%), from €833,056 to €1.1m
- Short-term financial debts +€228,000
up €228,000 (+46.0%), from €496,000 to €724,000
- Other debts +€52,942
up €52,942 (+16.7%), from €317,713 to €370,655
- Accrued charges and deferred income +€21,872
up €21,872 (+160%), from €13,656 to €35,528
- Financial charges +€32,188
up €32,188 (+194%), from €16,559 to €48,747
- Gross operating margin +€29,262
up €29,262 (+226%), from €12,971 to €42,233
- Other operating charges -€827
down €827 (-30.1%), from €2,747 to €1,920
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 | €859,334 | €1,149,218 | +€289,884 | +33.7% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €859,084 | €1,148,968 | +€289,884 | +33.7% |
| Stocks and contracts in progress | 3 | €833,056 | €1,117,180 | +€284,124 | +34.1% |
| Stocks | 30/36 | €833,056 | €1,117,180 | +€284,124 | +34.1% |
| Amounts receivable within one year | 40/41 | €363 | €363 | = | 0.0% |
| Trade receivables | 40 | €212 | €212 | = | 0.0% |
| Other amounts receivable | 41 | €151 | €151 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,606 | €31,065 | +€6,459 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,060 | €360 | -€700 | -66.0% |
| Total equity and liabilities | 10/49 | €859,334 | €1,149,218 | +€289,884 | +33.7% |
| Equity | 10/15 | €21,655 | €13,442 | -€8,212 | -37.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,345 | -€16,558 | -€8,212 | -98.4% |
| Amounts payable | 17/49 | €837,679 | €1,135,776 | +€298,096 | +35.6% |
| Amounts payable within one year | 42/48 | €824,023 | €1,100,248 | +€276,225 | +33.5% |
| Financial debts | 43 | €496,000 | €724,000 | +€228,000 | +46.0% |
| Credit institutions | 430/8 | €496,000 | €724,000 | +€228,000 | +46.0% |
| Trade debts | 44 | €5,035 | €4,566 | -€468 | -9.3% |
| Suppliers | 440/4 | €5,035 | €4,566 | -€468 | -9.3% |
| Taxes, remuneration and social security | 45 | €5,276 | €1,026 | -€4,250 | -80.5% |
| Taxes | 450/3 | €5,276 | €1,026 | -€4,250 | -80.5% |
| Other amounts payable | 47/48 | €317,713 | €370,655 | +€52,942 | +16.7% |
| Accrued charges and deferred income | 492/3 | €13,656 | €35,528 | +€21,872 | +160% |
| Other operating charges | 640/8 | €2,747 | €1,920 | -€827 | -30.1% |
| Gross operating margin | 9900 | €12,971 | €42,233 | +€29,262 | +226% |
| Operating profit (loss) | 9901 | €10,225 | €40,314 | +€30,089 | +294% |
| Financial income | 75/76B | - | €220 | +€220 | |
| Recurring financial income | 75 | - | €220 | +€220 | |
| Financial charges | 65/66B | €16,559 | €48,747 | +€32,188 | +194% |
| Recurring financial charges | 65 | €16,559 | €48,747 | +€32,188 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€6,334 | -€8,212 | -€1,878 | -29.7% |
| Profit (loss) for the period | 9904 | -€6,334 | -€8,212 | -€1,878 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,334 | -€8,212 | -€1,878 | -29.7% |
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 18 October 2026 via checked.be.