Rits Project: 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 Project
Largest movements
- Receivables within one year -€20,503
down €20,503 (-26.4%), from €77,716 to €57,212
of which Trade receivables: -€18,764
- Cash +€5,564
up €5,564 (+22.4%), from €24,847 to €30,411
mainly Receivables within one year (+€20,503) and Net result for the year (+€13,128)
- Deferred charges and accrued income -€4,127
no longer reported in 2025 (was €4,127)
- Tangible fixed assets -€1,113
down €1,113 (-30.2%), from €3,687 to €2,573
of which Furniture and vehicles: -€871
- Other debts -€34,663
down €34,663 (-83.3%), from €41,623 to €6,961
- Profit (loss) carried forward +€13,128
up €13,128 (+76.8%), from €17,089 to €30,217
- Tax, wage and social debts +€1,969
up €1,969 (+20.5%), from €9,586 to €11,555
- Other operating charges +€27,757
up €27,757 (+2521.4%), from €1,101 to €28,858
- Gross operating margin +€7,548
up €7,548 (+18.5%), from €40,881 to €48,429
- Taxes +€1,455
up €1,455 (+63.0%), from €2,309 to €3,764
- Financial charges +€1,326
up €1,326 (+554.1%), from €239 to €1,566
- Depreciation -€486
down €486 (-30.4%), from €1,599 to €1,113
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 | €110,496 | €90,316 | -€20,180 | -18.3% |
| Fixed assets | 21/28 | €3,806 | €2,692 | -€1,113 | -29.3% |
| Tangible fixed assets | 22/27 | €3,687 | €2,573 | -€1,113 | -30.2% |
| Plant, machinery and equipment | 23 | €594 | €352 | -€242 | -40.7% |
| Furniture and vehicles | 24 | €3,093 | €2,221 | -€871 | -28.2% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €106,690 | €87,623 | -€19,067 | -17.9% |
| Amounts receivable within one year | 40/41 | €77,716 | €57,212 | -€20,503 | -26.4% |
| Trade receivables | 40 | €64,643 | €45,879 | -€18,764 | -29.0% |
| Other amounts receivable | 41 | €13,073 | €11,333 | -€1,740 | -13.3% |
| Cash at bank and in hand | 54/58 | €24,847 | €30,411 | +€5,564 | +22.4% |
| Deferred charges and accrued income | 490/1 | €4,127 | - | -€4,127 | |
| Total equity and liabilities | 10/49 | €110,496 | €90,316 | -€20,180 | -18.3% |
| Equity | 10/15 | €46,485 | €59,614 | +€13,128 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,797 | €10,797 | = | 0.0% |
| 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 | €8,937 | €8,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,089 | €30,217 | +€13,128 | +76.8% |
| Amounts payable | 17/49 | €64,011 | €30,702 | -€33,309 | -52.0% |
| Amounts payable within one year | 42/48 | €64,011 | €30,702 | -€33,309 | -52.0% |
| Trade debts | 44 | €12,801 | €12,186 | -€615 | -4.8% |
| Suppliers | 440/4 | €12,801 | €12,186 | -€615 | -4.8% |
| Taxes, remuneration and social security | 45 | €9,586 | €11,555 | +€1,969 | +20.5% |
| Taxes | 450/3 | €9,586 | €11,555 | +€1,969 | +20.5% |
| Other amounts payable | 47/48 | €41,623 | €6,961 | -€34,663 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599 | €1,113 | -€486 | -30.4% |
| Other operating charges | 640/8 | €1,101 | €28,858 | +€27,757 | +2521.4% |
| Gross operating margin | 9900 | €40,881 | €48,429 | +€7,548 | +18.5% |
| Operating profit (loss) | 9901 | €38,181 | €18,458 | -€19,724 | -51.7% |
| Financial income | 75/76B | €176 | €0 | -€176 | -100.0% |
| Recurring financial income | 75 | €176 | €0 | -€176 | -100.0% |
| Financial charges | 65/66B | €239 | €1,566 | +€1,326 | +554.1% |
| Recurring financial charges | 65 | €239 | €1,566 | +€1,326 | +554.1% |
| Profit (loss) for the period before taxes | 9903 | €38,118 | €16,892 | -€21,226 | -55.7% |
| Income taxes | 67/77 | €2,309 | €3,764 | +€1,455 | +63.0% |
| Profit (loss) for the period | 9904 | €35,810 | €13,128 | -€22,681 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,810 | €13,128 | -€22,681 | -63.3% |
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 8 October 2026 via checked.be.