RITL: 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.
RITL
Largest movements
- Cash +€49,323
up €49,323 (+44.8%), from €110,113 to €159,435
mainly Net result for the year (+€62,734) and Depreciation (+€16,150)
- Tangible fixed assets +€9,817
up €9,817 (+6.7%), from €147,032 to €156,848
of which Plant, machinery and equipment: +€15,999
- Reserves +€62,734
up €62,734 (+76.8%), from €81,700 to €144,434
- Debts after one year -€12,075
down €12,075 (-9.2%), from €131,558 to €119,482
- Other debts +€3,526
up €3,526 (+123.5%), from €2,856 to €6,382
- Gross operating margin +€24,790
up €24,790 (+18.8%), from €132,051 to €156,841
- Staff costs +€15,778
up €15,778 (+52.0%), from €30,320 to €46,098
- Depreciation +€2,371
up €2,371 (+17.2%), from €13,779 to €16,150
- Taxes +€1,635
up €1,635 (+7.6%), from €21,460 to €23,095
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 | €271,504 | €329,405 | +€57,901 | +21.3% |
| Fixed assets | 21/28 | €158,949 | €167,266 | +€8,317 | +5.2% |
| Intangible fixed assets | 21 | €11,918 | €10,418 | -€1,500 | -12.6% |
| Tangible fixed assets | 22/27 | €147,032 | €156,848 | +€9,817 | +6.7% |
| Land and buildings | 22 | €129,600 | €122,400 | -€7,200 | -5.6% |
| Plant, machinery and equipment | 23 | €12,716 | €28,715 | +€15,999 | +125.8% |
| Furniture and vehicles | 24 | €4,716 | €5,733 | +€1,018 | +21.6% |
| Current assets | 29/58 | €112,555 | €162,139 | +€49,584 | +44.1% |
| Stocks and contracts in progress | 3 | €2,200 | €2,200 | = | 0.0% |
| Stocks | 30/36 | €2,200 | €2,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242 | €371 | +€129 | +53.0% |
| Trade receivables | 40 | €242 | €371 | +€129 | +53.0% |
| Cash at bank and in hand | 54/58 | €110,113 | €159,435 | +€49,323 | +44.8% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €271,504 | €329,405 | +€57,901 | +21.3% |
| Equity | 10/15 | €91,726 | €154,460 | +€62,734 | +68.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €81,700 | €144,434 | +€62,734 | +76.8% |
| Distributable reserves | 133 | €81,700 | €144,434 | +€62,734 | +76.8% |
| Profit (loss) carried forward | 14 | €26 | €26 | = | 0.0% |
| Amounts payable | 17/49 | €179,778 | €174,945 | -€4,833 | -2.7% |
| Amounts payable after more than one year | 17 | €131,558 | €119,482 | -€12,075 | -9.2% |
| Financial debts | 170/4 | €131,558 | €119,482 | -€12,075 | -9.2% |
| Amounts payable within one year | 42/48 | €48,220 | €55,029 | +€6,808 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €11,576 | €12,075 | +€499 | +4.3% |
| Trade debts | 44 | €6,256 | €7,336 | +€1,080 | +17.3% |
| Suppliers | 440/4 | €6,256 | €7,336 | +€1,080 | +17.3% |
| Taxes, remuneration and social security | 45 | €27,533 | €29,235 | +€1,703 | +6.2% |
| Taxes | 450/3 | €25,954 | €26,790 | +€835 | +3.2% |
| Remuneration and social security | 454/9 | €1,578 | €2,446 | +€867 | +55.0% |
| Other amounts payable | 47/48 | €2,856 | €6,382 | +€3,526 | +123.5% |
| Accrued charges and deferred income | 492/3 | - | €434 | +€434 | |
| Remuneration, social security and pensions | 62 | €30,320 | €46,098 | +€15,778 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,779 | €16,150 | +€2,371 | +17.2% |
| Other operating charges | 640/8 | €1,382 | €1,876 | +€494 | +35.7% |
| Gross operating margin | 9900 | €132,051 | €156,841 | +€24,790 | +18.8% |
| Operating profit (loss) | 9901 | €86,570 | €92,717 | +€6,147 | +7.1% |
| Financial income | 75/76B | €26 | €705 | +€679 | +2650.6% |
| Recurring financial income | 75 | €26 | €705 | +€679 | +2650.6% |
| Financial charges | 65/66B | €8,133 | €7,594 | -€539 | -6.6% |
| Recurring financial charges | 65 | €8,133 | €7,594 | -€539 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €78,463 | €85,828 | +€7,366 | +9.4% |
| Income taxes | 67/77 | €21,460 | €23,095 | +€1,635 | +7.6% |
| Profit (loss) for the period | 9904 | €57,003 | €62,734 | +€5,731 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,003 | €62,734 | +€5,731 | +10.1% |
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 7 October 2026 via checked.be.