RITCO: 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.
RITCO
Largest movements
- Cash -€31,134
down €31,134 (-73.7%), from €42,242 to €11,107
mainly Receivables within one year (-€16,950) and Contributions, distributions and other (-€8,000)
- Receivables within one year +€16,950
up €16,950 (+221.4%), from €7,657 to €24,607
of which Trade receivables: +€12,082
- Deferred charges and accrued income -€2,432
down €2,432 (-94.5%), from €2,574 to €143
- Reserves -€13,000
no longer reported in 2025 (was €13,000)
- Other debts -€7,617
down €7,617 (-47.7%), from €15,956 to €8,340
- Tax, wage and social debts +€4,821
up €4,821 (+113.3%), from €4,254 to €9,076
of which Taxes: +€5,121
- Trade debts -€1,495
down €1,495 (-58.1%), from €2,573 to €1,078
- Gross operating margin -€40,260
down €40,260, from €37,597 to -€2,662
- Taxes -€7,756
down €7,756 (-98.3%), from €7,888 to €132
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 | €54,626 | €37,370 | -€17,257 | -31.6% |
| Fixed assets | 21/28 | €2,153 | €1,513 | -€641 | -29.8% |
| Intangible fixed assets | 21 | €1,326 | €988 | -€338 | -25.5% |
| Tangible fixed assets | 22/27 | €827 | €524 | -€303 | -36.6% |
| Furniture and vehicles | 24 | €827 | €524 | -€303 | -36.6% |
| Current assets | 29/58 | €52,473 | €35,857 | -€16,616 | -31.7% |
| Amounts receivable within one year | 40/41 | €7,657 | €24,607 | +€16,950 | +221.4% |
| Trade receivables | 40 | €5,545 | €17,627 | +€12,082 | +217.9% |
| Other amounts receivable | 41 | €2,112 | €6,980 | +€4,868 | +230.5% |
| Cash at bank and in hand | 54/58 | €42,242 | €11,107 | -€31,134 | -73.7% |
| Deferred charges and accrued income | 490/1 | €2,574 | €143 | -€2,432 | -94.5% |
| Total equity and liabilities | 10/49 | €54,626 | €37,370 | -€17,257 | -31.6% |
| Equity | 10/15 | €31,842 | €18,876 | -€12,966 | -40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,000 | - | -€13,000 | |
| Distributable reserves | 133 | €13,000 | - | -€13,000 | |
| Profit (loss) carried forward | 14 | €242 | €276 | +€34 | +13.9% |
| Amounts payable | 17/49 | €22,784 | €18,493 | -€4,291 | -18.8% |
| Amounts payable within one year | 42/48 | €22,784 | €18,493 | -€4,291 | -18.8% |
| Trade debts | 44 | €2,573 | €1,078 | -€1,495 | -58.1% |
| Suppliers | 440/4 | €2,573 | €1,078 | -€1,495 | -58.1% |
| Taxes, remuneration and social security | 45 | €4,254 | €9,076 | +€4,821 | +113.3% |
| Taxes | 450/3 | €3,954 | €9,076 | +€5,121 | +129.5% |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €15,956 | €8,340 | -€7,617 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €641 | +€222 | +52.9% |
| Other operating charges | 640/8 | €936 | €705 | -€231 | -24.7% |
| Gross operating margin | 9900 | €37,597 | -€2,662 | -€40,260 | |
| Operating profit (loss) | 9901 | €36,242 | -€4,008 | -€40,250 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €981 | €826 | -€155 | -15.8% |
| Recurring financial charges | 65 | €981 | €826 | -€155 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €35,264 | -€4,834 | -€40,098 | |
| Income taxes | 67/77 | €7,888 | €132 | -€7,756 | -98.3% |
| Profit (loss) for the period | 9904 | €27,376 | -€4,966 | -€32,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,376 | -€4,966 | -€32,342 |
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 10 October 2026 via checked.be.