RFTS Belgium: what changed
RFTS Belgium
Largest movements
- Receivables within one year +€148,935
up €148,935 (+55.8%), from €266,733 to €415,669
of which Other amounts receivable: +€109,797
- Cash -€47,336
down €47,336 (-17.0%), from €278,570 to €231,234
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€148,935)
- Trade debts +€333,606
up €333,606 (+291%), from €114,825 to €448,431
- Profit (loss) carried forward -€225,754
down €225,754 (-75.5%), from €299,102 to €73,348
- Staff costs +€228,962
up €228,962 (+43.3%), from €529,336 to €758,298
- Taxes -€55,588
down €55,588 (-61.7%), from €90,030 to €34,442
- Gross operating margin +€25,296
up €25,296 (+3.0%), from €846,691 to €871,987
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €550,035 | €652,562 | +€102,527 | +18.6% |
| Current assets | 29/58 | €550,035 | €652,562 | +€102,527 | +18.6% |
| Amounts receivable within one year | 40/41 | €266,733 | €415,669 | +€148,935 | +55.8% |
| Trade receivables | 40 | €265,602 | €304,741 | +€39,139 | +14.7% |
| Other amounts receivable | 41 | €1,131 | €110,928 | +€109,797 | +9,710% |
| Cash at bank and in hand | 54/58 | €278,570 | €231,234 | -€47,336 | -17.0% |
| Deferred charges and accrued income | 490/1 | €4,733 | €5,660 | +€927 | +19.6% |
| Total equity and liabilities | 10/49 | €550,035 | €652,562 | +€102,527 | +18.6% |
| Equity | 10/15 | €303,102 | €77,348 | -€225,754 | -74.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €299,102 | €73,348 | -€225,754 | -75.5% |
| Amounts payable | 17/49 | €246,933 | €575,214 | +€328,281 | +133% |
| Amounts payable within one year | 42/48 | €246,170 | €574,333 | +€328,163 | +133% |
| Trade debts | 44 | €114,825 | €448,431 | +€333,606 | +291% |
| Suppliers | 440/4 | €114,825 | €448,431 | +€333,606 | +291% |
| Taxes, remuneration and social security | 45 | €131,345 | €125,901 | -€5,444 | -4.1% |
| Taxes | 450/3 | €67,876 | €51,988 | -€15,888 | -23.4% |
| Remuneration and social security | 454/9 | €63,469 | €73,914 | +€10,445 | +16.5% |
| Accrued charges and deferred income | 492/3 | €763 | €882 | +€118 | +15.5% |
| Non-recurring operating income | 76A | €499 | €0 | -€499 | -100% |
| Remuneration, social security and pensions | 62 | €529,336 | €758,298 | +€228,962 | +43.3% |
| Other operating charges | 640/8 | €95 | €513 | +€418 | +440% |
| Gross operating margin | 9900 | €846,691 | €871,987 | +€25,296 | +3.0% |
| Operating profit (loss) | 9901 | €317,261 | €113,176 | -€204,085 | -64.3% |
| Financial income | 75/76B | €217 | €79 | -€138 | -63.4% |
| Recurring financial income | 75 | €217 | €79 | -€138 | -63.4% |
| Financial charges | 65/66B | €5,652 | €4,567 | -€1,084 | -19.2% |
| Recurring financial charges | 65 | €5,652 | €4,567 | -€1,084 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €311,826 | €108,688 | -€203,138 | -65.1% |
| Income taxes | 67/77 | €90,030 | €34,442 | -€55,588 | -61.7% |
| Profit (loss) for the period | 9904 | €221,796 | €74,246 | -€147,550 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €221,796 | €74,246 | -€147,550 | -66.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.