RT INVEST: 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 INVEST
Largest movements
- Tangible fixed assets +€652,874
up €652,874 (+799%), from €81,709 to €734,582
of which Land and buildings: +€729,000
- Cash -€207,346
down €207,346 (-56.9%), from €364,584 to €157,238
mainly Investment in fixed assets (net) (-€723,253) and Contributions, distributions and other (-€177,711)
- Intangible fixed assets +€21,458
new in 2025: €21,458
- Deferred charges and accrued income -€14,778
down €14,778 (-46.8%), from €31,604 to €16,825
- Debts after one year +€470,827
new in 2025: €470,827
- Reserves -€102,570
down €102,570 (-23.6%), from €434,933 to €332,362
- Tax, wage and social debts +€57,919
up €57,919 (+101%), from €57,068 to €114,987
- Current portion of long-term debt +€27,235
new in 2025: €27,235
- Gross operating margin +€31,846
up €31,846 (+21.2%), from €150,439 to €182,286
- Depreciation +€29,584
up €29,584 (+153%), from €19,338 to €48,922
- Financial charges +€17,093
up €17,093 (+2,545%), from €672 to €17,764
- Taxes -€6,261
down €6,261 (-15.2%), from €41,290 to €35,029
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 | €524,514 | €968,407 | +€443,894 | +84.6% |
| Fixed assets | 21/28 | €81,709 | €756,040 | +€674,332 | +825% |
| Intangible fixed assets | 21 | - | €21,458 | +€21,458 | |
| Tangible fixed assets | 22/27 | €81,709 | €734,582 | +€652,874 | +799% |
| Land and buildings | 22 | - | €729,000 | +€729,000 | |
| Plant, machinery and equipment | 23 | €3,197 | €2,082 | -€1,115 | -34.9% |
| Furniture and vehicles | 24 | €14,512 | - | -€14,512 | |
| Other tangible fixed assets | 26 | - | €3,500 | +€3,500 | |
| Assets under construction and advance payments | 27 | €64,000 | - | -€64,000 | |
| Current assets | 29/58 | €442,805 | €212,367 | -€230,438 | -52.0% |
| Amounts receivable within one year | 40/41 | €46,617 | €38,304 | -€8,313 | -17.8% |
| Trade receivables | 40 | €34,250 | €26,145 | -€8,105 | -23.7% |
| Other amounts receivable | 41 | €12,367 | €12,159 | -€208 | -1.7% |
| Cash at bank and in hand | 54/58 | €364,584 | €157,238 | -€207,346 | -56.9% |
| Deferred charges and accrued income | 490/1 | €31,604 | €16,825 | -€14,778 | -46.8% |
| Total equity and liabilities | 10/49 | €524,514 | €968,407 | +€443,894 | +84.6% |
| Equity | 10/15 | €436,933 | €334,362 | -€102,570 | -23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €434,933 | €332,362 | -€102,570 | -23.6% |
| Distributable reserves | 133 | €434,933 | €332,362 | -€102,570 | -23.6% |
| Amounts payable | 17/49 | €87,581 | €634,045 | +€546,464 | +624% |
| Amounts payable after more than one year | 17 | - | €470,827 | +€470,827 | |
| Financial debts | 170/4 | - | €470,827 | +€470,827 | |
| Amounts payable within one year | 42/48 | €87,581 | €163,218 | +€75,637 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | - | €27,235 | +€27,235 | |
| Trade debts | 44 | €30,513 | €20,996 | -€9,517 | -31.2% |
| Suppliers | 440/4 | €30,513 | €20,996 | -€9,517 | -31.2% |
| Taxes, remuneration and social security | 45 | €57,068 | €114,987 | +€57,919 | +101% |
| Taxes | 450/3 | €57,068 | €114,987 | +€57,919 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,338 | €48,922 | +€29,584 | +153% |
| Other operating charges | 640/8 | €4,105 | €5,463 | +€1,358 | +33.1% |
| Gross operating margin | 9900 | €150,439 | €182,286 | +€31,846 | +21.2% |
| Operating profit (loss) | 9901 | €126,996 | €127,901 | +€905 | +0.7% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €672 | €17,764 | +€17,093 | +2,545% |
| Recurring financial charges | 65 | €672 | €17,764 | +€17,093 | +2,545% |
| Profit (loss) for the period before taxes | 9903 | €126,324 | €110,169 | -€16,155 | -12.8% |
| Income taxes | 67/77 | €41,290 | €35,029 | -€6,261 | -15.2% |
| Profit (loss) for the period | 9904 | €85,034 | €75,141 | -€9,893 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,034 | €75,141 | -€9,893 | -11.6% |
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 27 October 2026 via checked.be.