RITS: 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.
RITS
Largest movements
- Cash -€19,633
down €19,633 (-10.6%), from €185,044 to €165,411
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€17,789)
- Reserves -€30,000
down €30,000 (-42.1%), from €71,315 to €41,315
of which Distributable reserves: -€30,000
- Profit (loss) carried forward -€16,212
down €16,212 (-13.4%), from €120,954 to €104,742
- Debts after one year +€10,508
up €10,508 (+12.0%), from €87,276 to €97,784
- Trade debts +€10,205
up €10,205 (+36.0%), from €28,345 to €38,551
- Other debts +€6,586
up €6,586 (+30.5%), from €21,614 to €28,200
- Staff costs +€71,084
up €71,084 (+43.8%), from €162,151 to €233,235
- Gross operating margin +€54,283
up €54,283 (+24.1%), from €225,194 to €279,477
- Other operating charges +€19,151
up €19,151 (+214.4%), from €8,932 to €28,083
- Taxes -€7,100
down €7,100 (-52.7%), from €13,480 to €6,380
- Depreciation -€6,729
down €6,729 (-29.4%), from €22,925 to €16,196
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 | €423,111 | €405,943 | -€17,168 | -4.1% |
| Fixed assets | 21/28 | €157,586 | €159,180 | +€1,594 | +1.0% |
| Tangible fixed assets | 22/27 | €155,583 | €157,176 | +€1,594 | +1.0% |
| Furniture and vehicles | 24 | €51,673 | €58,568 | +€6,894 | +13.3% |
| Leasing and similar rights | 25 | €100,071 | €95,517 | -€4,554 | -4.6% |
| Other tangible fixed assets | 26 | €3,838 | €3,092 | -€746 | -19.4% |
| Financial fixed assets | 28 | €2,004 | €2,004 | = | 0.0% |
| Current assets | 29/58 | €265,524 | €246,763 | -€18,761 | -7.1% |
| Amounts receivable within one year | 40/41 | €70,195 | €72,644 | +€2,449 | +3.5% |
| Trade receivables | 40 | €50,870 | €46,381 | -€4,489 | -8.8% |
| Other amounts receivable | 41 | €19,324 | €26,263 | +€6,938 | +35.9% |
| Cash at bank and in hand | 54/58 | €185,044 | €165,411 | -€19,633 | -10.6% |
| Deferred charges and accrued income | 490/1 | €10,285 | €8,708 | -€1,577 | -15.3% |
| Total equity and liabilities | 10/49 | €423,111 | €405,943 | -€17,168 | -4.1% |
| Equity | 10/15 | €198,469 | €152,257 | -€46,212 | -23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,315 | €41,315 | -€30,000 | -42.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,455 | €39,455 | -€30,000 | -43.2% |
| Profit (loss) carried forward | 14 | €120,954 | €104,742 | -€16,212 | -13.4% |
| Amounts payable | 17/49 | €224,641 | €253,686 | +€29,045 | +12.9% |
| Amounts payable after more than one year | 17 | €87,276 | €97,784 | +€10,508 | +12.0% |
| Financial debts | 170/4 | €87,276 | €97,784 | +€10,508 | +12.0% |
| Amounts payable within one year | 42/48 | €137,366 | €155,903 | +€18,537 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €26,906 | €32,425 | +€5,519 | +20.5% |
| Trade debts | 44 | €28,345 | €38,551 | +€10,205 | +36.0% |
| Suppliers | 440/4 | €28,345 | €38,551 | +€10,205 | +36.0% |
| Taxes, remuneration and social security | 45 | €60,500 | €56,727 | -€3,773 | -6.2% |
| Taxes | 450/3 | €37,970 | €29,730 | -€8,240 | -21.7% |
| Remuneration and social security | 454/9 | €22,529 | €26,996 | +€4,467 | +19.8% |
| Other amounts payable | 47/48 | €21,614 | €28,200 | +€6,586 | +30.5% |
| Non-recurring operating income | 76A | - | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €162,151 | €233,235 | +€71,084 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,925 | €16,196 | -€6,729 | -29.4% |
| Other operating charges | 640/8 | €8,932 | €28,083 | +€19,151 | +214.4% |
| Non-recurring operating charges | 66A | - | €774 | +€774 | |
| Gross operating margin | 9900 | €225,194 | €279,477 | +€54,283 | +24.1% |
| Operating profit (loss) | 9901 | €31,186 | €1,189 | -€29,997 | -96.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.8% |
| Financial charges | 65/66B | €8,251 | €11,021 | +€2,770 | +33.6% |
| Recurring financial charges | 65 | €8,251 | €11,021 | +€2,770 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €22,935 | -€9,832 | -€32,767 | |
| Income taxes | 67/77 | €13,480 | €6,380 | -€7,100 | -52.7% |
| Profit (loss) for the period | 9904 | €9,455 | -€16,212 | -€25,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,455 | -€16,212 | -€25,668 |
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.