RT Belgium: 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.
RT Belgium
Largest movements
- Current investments -€294,802
down €294,802 (-100%), from €294,802 to €0
- Cash +€184,084
up €184,084 (+28.3%), from €651,035 to €835,120
mainly Net result for the year (+€322,757) and Current investments (+€294,802)
- Stocks and contracts +€99,238
up €99,238 (+34.7%), from €286,050 to €385,288
- Receivables within one year -€66,800
down €66,800 (-38.1%), from €175,134 to €108,334
of which Trade receivables: -€73,447
- Profit (loss) carried forward -€277,243
down €277,243 (-31.7%), from €875,722 to €598,478
- Other debts +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Financial charges +€35,273
up €35,273, from -€30,268 to €5,005
- Staff costs +€24,936
up €24,936 (+83.7%), from €29,808 to €54,744
- Financial income +€14,443
up €14,443 (+301%), from €4,792 to €19,236
- Provisions -€8,844
down €8,844 (-79.4%), from €11,135 to €2,290
- Depreciation +€5,308
up €5,308 (+58.6%), from €9,058 to €14,366
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.
Derived cash bridge
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 | €1,467,789 | €1,375,143 | -€92,646 | -6.3% |
| Fixed assets | 21/28 | €60,768 | €46,402 | -€14,366 | -23.6% |
| Tangible fixed assets | 22/27 | €60,768 | €46,402 | -€14,366 | -23.6% |
| Plant, machinery and equipment | 23 | €16,396 | €11,796 | -€4,600 | -28.1% |
| Furniture and vehicles | 24 | €44,372 | €34,606 | -€9,766 | -22.0% |
| Current assets | 29/58 | €1,407,021 | €1,328,741 | -€78,280 | -5.6% |
| Stocks and contracts in progress | 3 | €286,050 | €385,288 | +€99,238 | +34.7% |
| Stocks | 30/36 | €286,050 | €385,288 | +€99,238 | +34.7% |
| Amounts receivable within one year | 40/41 | €175,134 | €108,334 | -€66,800 | -38.1% |
| Trade receivables | 40 | €171,341 | €97,894 | -€73,447 | -42.9% |
| Other amounts receivable | 41 | €3,793 | €10,440 | +€6,647 | +175% |
| Current investments | 50/53 | €294,802 | €0 | -€294,802 | -100% |
| Cash at bank and in hand | 54/58 | €651,035 | €835,120 | +€184,084 | +28.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,467,789 | €1,375,143 | -€92,646 | -6.3% |
| Equity | 10/15 | €896,182 | €618,938 | -€277,243 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €875,722 | €598,478 | -€277,243 | -31.7% |
| Provisions and deferred taxes | 16 | €49,696 | €51,987 | +€2,290 | +4.6% |
| Provisions for liabilities and charges | 160/5 | €49,696 | €51,987 | +€2,290 | +4.6% |
| Other liabilities and charges | 164/5 | €49,696 | €51,987 | +€2,290 | +4.6% |
| Amounts payable | 17/49 | €521,911 | €704,218 | +€182,307 | +34.9% |
| Amounts payable within one year | 42/48 | €512,911 | €704,218 | +€191,307 | +37.3% |
| Trade debts | 44 | €48,734 | €36,724 | -€12,010 | -24.6% |
| Suppliers | 440/4 | €48,734 | €36,724 | -€12,010 | -24.6% |
| Taxes, remuneration and social security | 45 | €64,177 | €67,494 | +€3,317 | +5.2% |
| Taxes | 450/3 | €59,278 | €58,672 | -€606 | -1.0% |
| Remuneration and social security | 454/9 | €4,900 | €8,822 | +€3,923 | +80.1% |
| Other amounts payable | 47/48 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €9,000 | €0 | -€9,000 | -100% |
| Non-recurring operating income | 76A | €2,149 | €0 | -€2,149 | -100% |
| Remuneration, social security and pensions | 62 | €29,808 | €54,744 | +€24,936 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,058 | €14,366 | +€5,308 | +58.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,135 | €2,290 | -€8,844 | -79.4% |
| Other operating charges | 640/8 | €1,934 | €3,556 | +€1,622 | +83.9% |
| Non-recurring operating charges | 66A | €2,000 | €0 | -€2,000 | -100% |
| Gross operating margin | 9900 | €487,659 | €488,430 | +€771 | +0.2% |
| Operating profit (loss) | 9901 | €433,725 | €413,474 | -€20,251 | -4.7% |
| Financial income | 75/76B | €4,792 | €19,236 | +€14,443 | +301% |
| Recurring financial income | 75 | €4,792 | €19,236 | +€14,443 | +301% |
| Financial charges | 65/66B | -€30,268 | €5,005 | +€35,273 | |
| Recurring financial charges | 65 | -€30,268 | €5,005 | +€35,273 | |
| Profit (loss) for the period before taxes | 9903 | €468,784 | €427,704 | -€41,080 | -8.8% |
| Income taxes | 67/77 | €110,127 | €104,947 | -€5,180 | -4.7% |
| Profit (loss) for the period | 9904 | €358,657 | €322,757 | -€35,901 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €358,657 | €322,757 | -€35,901 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.