RT Fusion: 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 Fusion
Largest movements
- Tangible fixed assets -€19,341
down €19,341 (-37.2%), from €51,969 to €32,628
- Receivables within one year +€9,009
up €9,009 (+17.0%), from €53,087 to €62,096
of which Trade receivables: +€36,465
- Trade debts -€7,864
down €7,864 (-100%), from €7,864 to €0
- Profit (loss) carried forward -€7,551
down €7,551 (-18.5%), from €40,778 to €33,228
- Tax, wage and social debts +€3,150
up €3,150 (+56.9%), from €5,539 to €8,689
of which Taxes: +€3,150
- Other debts +€2,728
up €2,728, from €0 to €2,728
- Gross operating margin -€25,105
down €25,105 (-69.5%), from €36,103 to €10,998
- Financial income +€7,192
up €7,192 (+3,368%), from €214 to €7,405
- Taxes -€4,936
down €4,936 (-100%), from €4,936 to €0
- Financial charges +€2,210
up €2,210 (+89.0%), from €2,484 to €4,695
- Staff costs +€1,486
up €1,486, from -€1,261 to €225
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 | €105,056 | €94,724 | -€10,332 | -9.8% |
| Fixed assets | 21/28 | €51,969 | €32,628 | -€19,341 | -37.2% |
| Tangible fixed assets | 22/27 | €51,969 | €32,628 | -€19,341 | -37.2% |
| Plant, machinery and equipment | 23 | €51,969 | €32,628 | -€19,341 | -37.2% |
| Current assets | 29/58 | €53,087 | €62,096 | +€9,009 | +17.0% |
| Amounts receivable within one year | 40/41 | €53,087 | €62,096 | +€9,009 | +17.0% |
| Trade receivables | 40 | €20,561 | €57,026 | +€36,465 | +177% |
| Other amounts receivable | 41 | €32,526 | €5,070 | -€27,456 | -84.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €105,056 | €94,724 | -€10,332 | -9.8% |
| Equity | 10/15 | €51,778 | €44,228 | -€7,551 | -14.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,778 | €33,228 | -€7,551 | -18.5% |
| Amounts payable | 17/49 | €53,278 | €50,497 | -€2,781 | -5.2% |
| Amounts payable within one year | 42/48 | €53,278 | €50,497 | -€2,781 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €39,874 | €39,080 | -€795 | -2.0% |
| Credit institutions | 430/8 | €39,874 | €39,080 | -€795 | -2.0% |
| Trade debts | 44 | €7,864 | €0 | -€7,864 | -100% |
| Suppliers | 440/4 | €7,864 | €0 | -€7,864 | -100% |
| Taxes, remuneration and social security | 45 | €5,539 | €8,689 | +€3,150 | +56.9% |
| Taxes | 450/3 | €5,539 | €8,689 | +€3,150 | +56.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €2,728 | +€2,728 | |
| Remuneration, social security and pensions | 62 | -€1,261 | €225 | +€1,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,341 | €19,341 | = | 0.0% |
| Other operating charges | 640/8 | €1,052 | €1,693 | +€641 | +61.0% |
| Gross operating margin | 9900 | €36,103 | €10,998 | -€25,105 | -69.5% |
| Operating profit (loss) | 9901 | €16,971 | -€10,261 | -€27,233 | |
| Financial income | 75/76B | €214 | €7,405 | +€7,192 | +3,368% |
| Recurring financial income | 75 | €214 | €7,405 | +€7,192 | +3,368% |
| Financial charges | 65/66B | €2,484 | €4,695 | +€2,210 | +89.0% |
| Recurring financial charges | 65 | €2,484 | €4,695 | +€2,210 | +89.0% |
| Profit (loss) for the period before taxes | 9903 | €14,701 | -€7,551 | -€22,251 | |
| Income taxes | 67/77 | €4,936 | €0 | -€4,936 | -100% |
| Profit (loss) for the period | 9904 | €9,765 | -€7,551 | -€17,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,765 | -€7,551 | -€17,315 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.