RT PROJECTS: 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 PROJECTS
Largest movements
- Cash +€73,816
up €73,816 (+103.6%), from €71,228 to €145,044
mainly Other debts (+€87,705) and Net result for the year (+€55,120)
- Receivables within one year -€27,954
down €27,954 (-31.8%), from €87,958 to €60,004
of which Trade receivables: -€15,385
- Stocks and contracts -€17,580
down €17,580 (-87.9%), from €20,000 to €2,420
of which Contracts in progress: -€20,000
- Deferred charges and accrued income -€4,165
down €4,165 (-87.4%), from €4,767 to €602
- Tangible fixed assets -€3,637
down €3,637 (-38.1%), from €9,553 to €5,916
- Other debts +€87,705
up €87,705 (+292.3%), from €30,008 to €117,713
- Reserves -€69,880
down €69,880 (-46.1%), from €151,525 to €81,645
- Gross operating margin +€7,110
up €7,110 (+10.6%), from €66,896 to €74,006
- Taxes +€1,196
up €1,196 (+9.0%), from €13,250 to €14,446
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 | €203,504 | €223,985 | +€20,481 | +10.1% |
| Fixed assets | 21/28 | €19,551 | €15,914 | -€3,637 | -18.6% |
| Tangible fixed assets | 22/27 | €9,553 | €5,916 | -€3,637 | -38.1% |
| Plant, machinery and equipment | 23 | €3,405 | €2,225 | -€1,180 | -34.7% |
| Furniture and vehicles | 24 | €1,571 | €259 | -€1,312 | -83.5% |
| Other tangible fixed assets | 26 | €4,577 | €3,433 | -€1,144 | -25.0% |
| Financial fixed assets | 28 | €9,998 | €9,998 | = | 0.0% |
| Current assets | 29/58 | €183,953 | €208,070 | +€24,118 | +13.1% |
| Stocks and contracts in progress | 3 | €20,000 | €2,420 | -€17,580 | -87.9% |
| Stocks | 30/36 | - | €2,420 | +€2,420 | |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €87,958 | €60,004 | -€27,954 | -31.8% |
| Trade receivables | 40 | €24,835 | €9,450 | -€15,385 | -61.9% |
| Other amounts receivable | 41 | €63,124 | €50,554 | -€12,569 | -19.9% |
| Cash at bank and in hand | 54/58 | €71,228 | €145,044 | +€73,816 | +103.6% |
| Deferred charges and accrued income | 490/1 | €4,767 | €602 | -€4,165 | -87.4% |
| Total equity and liabilities | 10/49 | €203,504 | €223,985 | +€20,481 | +10.1% |
| Equity | 10/15 | €170,125 | €100,245 | -€69,880 | -41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,525 | €81,645 | -€69,880 | -46.1% |
| Distributable reserves | 133 | €151,525 | €81,645 | -€69,880 | -46.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,379 | €123,740 | +€90,361 | +270.7% |
| Amounts payable within one year | 42/48 | €33,379 | €123,740 | +€90,361 | +270.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,212 | €3,219 | +€1,008 | +45.6% |
| Suppliers | 440/4 | €2,212 | €3,219 | +€1,008 | +45.6% |
| Taxes, remuneration and social security | 45 | €1,159 | €2,808 | +€1,649 | +142.3% |
| Taxes | 450/3 | €1,159 | €2,808 | +€1,649 | +142.3% |
| Other amounts payable | 47/48 | €30,008 | €117,713 | +€87,705 | +292.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,195 | €3,637 | +€442 | +13.8% |
| Other operating charges | 640/8 | €940 | €805 | -€134 | -14.3% |
| Gross operating margin | 9900 | €66,896 | €74,006 | +€7,110 | +10.6% |
| Operating profit (loss) | 9901 | €62,762 | €69,564 | +€6,803 | +10.8% |
| Financial income | 75/76B | €35 | €72 | +€36 | +103.8% |
| Recurring financial income | 75 | €35 | €72 | +€36 | +103.8% |
| Financial charges | 65/66B | €292 | €70 | -€222 | -75.9% |
| Recurring financial charges | 65 | €292 | €70 | -€222 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €62,504 | €69,566 | +€7,061 | +11.3% |
| Income taxes | 67/77 | €13,250 | €14,446 | +€1,196 | +9.0% |
| Profit (loss) for the period | 9904 | €49,255 | €55,120 | +€5,865 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,255 | €55,120 | +€5,865 | +11.9% |
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 11 October 2026 via checked.be.