RITECH: 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.
RITECH
Largest movements
- Stocks and contracts -€26,882
down €26,882 (-21.0%), from €128,242 to €101,360
- Receivables within one year +€15,462
up €15,462 (+37.3%), from €41,464 to €56,926
of which Trade receivables: +€12,540
- Cash +€14,450
up €14,450 (+15.9%), from €90,728 to €105,179
mainly Stocks and contracts (+€26,882) and Net result for the year (+€11,542)
- Other debts -€18,995
down €18,995 (-59.6%), from €31,855 to €12,860
- Reserves +€11,542
up €11,542 (+7.2%), from €159,650 to €171,192
- Tax, wage and social debts +€8,735
up €8,735 (+45.3%), from €19,271 to €28,007
of which Taxes: +€5,811
- Gross operating margin +€11,627
up €11,627 (+17.0%), from €68,580 to €80,206
- Staff costs +€9,656
up €9,656 (+19.1%), from €50,672 to €60,328
- Financial charges +€988
up €988 (+263%), from €375 to €1,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,045 | €277,376 | +€2,331 | +0.8% |
| Fixed assets | 21/28 | €11,731 | €10,951 | -€780 | -6.7% |
| Tangible fixed assets | 22/27 | €11,706 | €10,926 | -€780 | -6.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €691 | €1,327 | +€637 | +92.2% |
| Other tangible fixed assets | 26 | €11,015 | €9,598 | -€1,417 | -12.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €263,314 | €266,425 | +€3,111 | +1.2% |
| Stocks and contracts in progress | 3 | €128,242 | €101,360 | -€26,882 | -21.0% |
| Stocks | 30/36 | €128,242 | €101,360 | -€26,882 | -21.0% |
| Amounts receivable within one year | 40/41 | €41,464 | €56,926 | +€15,462 | +37.3% |
| Trade receivables | 40 | €9,690 | €22,230 | +€12,540 | +129% |
| Other amounts receivable | 41 | €31,774 | €34,696 | +€2,922 | +9.2% |
| Cash at bank and in hand | 54/58 | €90,728 | €105,179 | +€14,450 | +15.9% |
| Deferred charges and accrued income | 490/1 | €2,880 | €2,960 | +€81 | +2.8% |
| Total equity and liabilities | 10/49 | €275,045 | €277,376 | +€2,331 | +0.8% |
| Equity | 10/15 | €165,850 | €177,392 | +€11,542 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,650 | €171,192 | +€11,542 | +7.2% |
| Distributable reserves | 133 | €159,650 | €171,192 | +€11,542 | +7.2% |
| Provisions and deferred taxes | 16 | €3,676 | €3,676 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,676 | €3,676 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,676 | €3,676 | = | 0.0% |
| Amounts payable | 17/49 | €105,520 | €96,308 | -€9,211 | -8.7% |
| Amounts payable within one year | 42/48 | €105,520 | €96,308 | -€9,211 | -8.7% |
| Trade debts | 44 | €53,297 | €54,345 | +€1,048 | +2.0% |
| Suppliers | 440/4 | €53,297 | €54,345 | +€1,048 | +2.0% |
| Advances received on contracts in progress | 46 | €1,097 | €1,097 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,271 | €28,007 | +€8,735 | +45.3% |
| Taxes | 450/3 | €15,498 | €21,309 | +€5,811 | +37.5% |
| Remuneration and social security | 454/9 | €3,773 | €6,698 | +€2,925 | +77.5% |
| Other amounts payable | 47/48 | €31,855 | €12,860 | -€18,995 | -59.6% |
| Remuneration, social security and pensions | 62 | €50,672 | €60,328 | +€9,656 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,071 | €2,148 | +€77 | +3.7% |
| Other operating charges | 640/8 | €448 | €451 | +€3 | +0.7% |
| Gross operating margin | 9900 | €68,580 | €80,206 | +€11,627 | +17.0% |
| Operating profit (loss) | 9901 | €15,389 | €17,279 | +€1,890 | +12.3% |
| Financial income | 75/76B | €130 | €544 | +€415 | +319% |
| Recurring financial income | 75 | €130 | €544 | +€415 | +319% |
| Financial charges | 65/66B | €375 | €1,363 | +€988 | +263% |
| Recurring financial charges | 65 | €375 | €1,363 | +€988 | +263% |
| Profit (loss) for the period before taxes | 9903 | €15,144 | €16,461 | +€1,317 | +8.7% |
| Income taxes | 67/77 | €4,189 | €4,919 | +€729 | +17.4% |
| Profit (loss) for the period | 9904 | €10,955 | €11,542 | +€588 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,955 | €11,542 | +€588 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.