RT Logistics: 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.
RT Logistics
Largest movements
- Tangible fixed assets +€506,043
up €506,043 (+92.0%), from €550,191 to €1.1m
of which Furniture and vehicles: +€317,466
- Cash +€259,328
up €259,328 (+59.8%), from €433,439 to €692,767
mainly Net result for the year (+€787,735) and Depreciation (+€372,815)
- Receivables within one year +€218,860
up €218,860 (+25.7%), from €852,940 to €1.1m
of which Trade receivables: +€193,993
- Deferred charges and accrued income -€35,685
down €35,685 (-79.1%), from €45,131 to €9,446
- Intangible fixed assets -€31,014
down €31,014 (-61.7%), from €50,242 to €19,228
- Profit (loss) carried forward +€787,735
up €787,735 (+99.6%), from €790,508 to €1.6m
- Debts after one year +€151,681
up €151,681 (+65.6%), from €231,091 to €382,772
- Current portion of long-term debt +€59,869
up €59,869 (+80.4%), from €74,428 to €134,297
- Other debts -€42,415
no longer reported in 2025 (was €42,415)
- Trade debts -€36,529
down €36,529 (-15.9%), from €229,985 to €193,456
- Gross operating margin +€1.0m
up €1.0m (+51.5%), from €2.0m to €3.1m
- Staff costs +€264,350
up €264,350 (+20.5%), from €1.3m to €1.6m
- Taxes +€187,628
up €187,628 (+255.8%), from €73,360 to €260,988
- Depreciation +€48,082
up €48,082 (+14.8%), from €324,733 to €372,815
- Financial income -€39,106
down €39,106 (-40.0%), from €97,758 to €58,653
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 | €1,940,943 | €2,863,475 | +€922,532 | +47.5% |
| Fixed assets | 21/28 | €609,432 | €1,089,461 | +€480,029 | +78.8% |
| Intangible fixed assets | 21 | €50,242 | €19,228 | -€31,014 | -61.7% |
| Tangible fixed assets | 22/27 | €550,191 | €1,056,234 | +€506,043 | +92.0% |
| Plant, machinery and equipment | 23 | €52,868 | €32,847 | -€20,022 | -37.9% |
| Furniture and vehicles | 24 | €194,385 | €511,851 | +€317,466 | +163.3% |
| Leasing and similar rights | 25 | €302,937 | €511,535 | +€208,598 | +68.9% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €1,331,511 | €1,774,014 | +€442,503 | +33.2% |
| Amounts receivable within one year | 40/41 | €852,940 | €1,071,801 | +€218,860 | +25.7% |
| Trade receivables | 40 | €658,826 | €852,819 | +€193,993 | +29.4% |
| Other amounts receivable | 41 | €194,115 | €218,982 | +€24,867 | +12.8% |
| Cash at bank and in hand | 54/58 | €433,439 | €692,767 | +€259,328 | +59.8% |
| Deferred charges and accrued income | 490/1 | €45,131 | €9,446 | -€35,685 | -79.1% |
| Total equity and liabilities | 10/49 | €1,940,943 | €2,863,475 | +€922,532 | +47.5% |
| Equity | 10/15 | €1,160,158 | €1,922,824 | +€762,667 | +65.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €790,508 | €1,578,243 | +€787,735 | +99.6% |
| Investment grants | 15 | €237,650 | €212,582 | -€25,069 | -10.5% |
| Amounts payable | 17/49 | €780,785 | €940,650 | +€159,865 | +20.5% |
| Amounts payable after more than one year | 17 | €231,091 | €382,772 | +€151,681 | +65.6% |
| Financial debts | 170/4 | €231,091 | €382,772 | +€151,681 | +65.6% |
| Amounts payable within one year | 42/48 | €549,695 | €557,878 | +€8,184 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €74,428 | €134,297 | +€59,869 | +80.4% |
| Trade debts | 44 | €229,985 | €193,456 | -€36,529 | -15.9% |
| Suppliers | 440/4 | €229,985 | €193,456 | -€36,529 | -15.9% |
| Taxes, remuneration and social security | 45 | €202,866 | €230,126 | +€27,259 | +13.4% |
| Taxes | 450/3 | €72,584 | €33,466 | -€39,118 | -53.9% |
| Remuneration and social security | 454/9 | €130,283 | €196,659 | +€66,377 | +50.9% |
| Other amounts payable | 47/48 | €42,415 | - | -€42,415 | |
| Non-recurring operating income | 76A | - | €24,633 | +€24,633 | |
| Remuneration, social security and pensions | 62 | €1,287,501 | €1,551,850 | +€264,350 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,733 | €372,815 | +€48,082 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€30,233 | -€30,233 | |
| Other operating charges | 640/8 | €151,692 | €171,586 | +€19,894 | +13.1% |
| Non-recurring operating charges | 66A | - | €477 | +€477 | |
| Gross operating margin | 9900 | €2,025,475 | €3,069,303 | +€1.0m | +51.5% |
| Operating profit (loss) | 9901 | €261,550 | €1,002,808 | +€741,258 | +283.4% |
| Financial income | 75/76B | €97,758 | €58,653 | -€39,106 | -40.0% |
| Recurring financial income | 75 | €97,758 | €58,653 | -€39,106 | -40.0% |
| Financial charges | 65/66B | €13,780 | €12,737 | -€1,043 | -7.6% |
| Recurring financial charges | 65 | €13,780 | €12,737 | -€1,043 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €345,528 | €1,048,723 | +€703,196 | +203.5% |
| Income taxes | 67/77 | €73,360 | €260,988 | +€187,628 | +255.8% |
| Profit (loss) for the period | 9904 | €272,168 | €787,735 | +€515,567 | +189.4% |
| Profit (loss) for the period to be appropriated | 9905 | €272,168 | €787,735 | +€515,567 | +189.4% |
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 30 September 2026 via checked.be.