RT²: 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.
RT²
Largest movements
- Receivables within one year -€143,031
down €143,031 (-91.9%), from €155,674 to €12,644
of which Trade receivables: -€150,783
- Cash +€18,684
up €18,684 (+31.3%), from €59,696 to €78,380
mainly Receivables within one year (+€143,031) and Short-term financial debts (+€30,000)
- Intangible fixed assets -€10,052
down €10,052 (-50.2%), from €20,034 to €9,982
- Tangible fixed assets -€4,149
down €4,149 (-20.7%), from €20,061 to €15,911
of which Furniture and vehicles: -€2,592
- Trade debts -€165,744
down €165,744 (-96.9%), from €171,104 to €5,359
- Short-term financial debts +€30,000
new in 2025: €30,000
- Accrued charges and deferred income +€10,994
up €10,994 (+24.4%), from €45,000 to €55,994
- Profit (loss) carried forward -€10,271
down €10,271 (-17.1%), from €60,117 to €49,846
- Other debts -€3,586
down €3,586 (-17.8%), from €20,170 to €16,584
- Gross operating margin -€25,031
down €25,031 (-15.6%), from €160,119 to €135,088
- Staff costs -€13,205
down €13,205 (-9.6%), from €137,916 to €124,711
- Depreciation +€9,719
up €9,719 (+153.9%), from €6,315 to €16,034
- Other operating charges -€3,282
down €3,282 (-80.1%), from €4,098 to €816
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 | €324,355 | €183,844 | -€140,511 | -43.3% |
| Fixed assets | 21/28 | €40,345 | €26,143 | -€14,201 | -35.2% |
| Intangible fixed assets | 21 | €20,034 | €9,982 | -€10,052 | -50.2% |
| Tangible fixed assets | 22/27 | €20,061 | €15,911 | -€4,149 | -20.7% |
| Plant, machinery and equipment | 23 | €1,123 | €727 | -€396 | -35.3% |
| Furniture and vehicles | 24 | €6,217 | €3,625 | -€2,592 | -41.7% |
| Other tangible fixed assets | 26 | €12,720 | €11,559 | -€1,161 | -9.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €284,010 | €157,700 | -€126,310 | -44.5% |
| Amounts receivable within one year | 40/41 | €155,674 | €12,644 | -€143,031 | -91.9% |
| Trade receivables | 40 | €151,332 | €549 | -€150,783 | -99.6% |
| Other amounts receivable | 41 | €4,343 | €12,095 | +€7,752 | +178.5% |
| Cash at bank and in hand | 54/58 | €59,696 | €78,380 | +€18,684 | +31.3% |
| Deferred charges and accrued income | 490/1 | €68,640 | €66,677 | -€1,963 | -2.9% |
| Total equity and liabilities | 10/49 | €324,355 | €183,844 | -€140,511 | -43.3% |
| Equity | 10/15 | €63,117 | €52,846 | -€10,271 | -16.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,117 | €49,846 | -€10,271 | -17.1% |
| Amounts payable | 17/49 | €261,238 | €130,998 | -€130,241 | -49.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €216,238 | €75,004 | -€141,235 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €171,104 | €5,359 | -€165,744 | -96.9% |
| Suppliers | 440/4 | €171,104 | €5,359 | -€165,744 | -96.9% |
| Taxes, remuneration and social security | 45 | €24,965 | €23,061 | -€1,904 | -7.6% |
| Taxes | 450/3 | €14,407 | €5,141 | -€9,266 | -64.3% |
| Remuneration and social security | 454/9 | €10,557 | €17,920 | +€7,362 | +69.7% |
| Other amounts payable | 47/48 | €20,170 | €16,584 | -€3,586 | -17.8% |
| Accrued charges and deferred income | 492/3 | €45,000 | €55,994 | +€10,994 | +24.4% |
| Remuneration, social security and pensions | 62 | €137,916 | €124,711 | -€13,205 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,315 | €16,034 | +€9,719 | +153.9% |
| Other operating charges | 640/8 | €4,098 | €816 | -€3,282 | -80.1% |
| Non-recurring operating charges | 66A | €237 | €53 | -€184 | -77.7% |
| Gross operating margin | 9900 | €160,119 | €135,088 | -€25,031 | -15.6% |
| Operating profit (loss) | 9901 | €11,553 | -€6,525 | -€18,079 | |
| Financial income | 75/76B | €655 | €42 | -€613 | -93.6% |
| Recurring financial income | 75 | €655 | €42 | -€613 | -93.6% |
| Financial charges | 65/66B | €2,277 | €2,657 | +€380 | +16.7% |
| Recurring financial charges | 65 | €2,277 | €2,657 | +€380 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | -€9,140 | -€19,072 | |
| Income taxes | 67/77 | €2,366 | €1,131 | -€1,236 | -52.2% |
| Profit (loss) for the period | 9904 | €7,565 | -€10,271 | -€17,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,565 | -€10,271 | -€17,836 |
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.