RT VASTGOED: 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 VASTGOED
Largest movements
- Cash +€80,927
up €80,927 (+23.8%), from €339,388 to €420,314
mainly Accrued charges and deferred income (+€48,940) and Net result for the year (+€40,496)
- Receivables within one year +€25,088
up €25,088 (+199.7%), from €12,560 to €37,648
of which Trade receivables: +€25,999
- Tangible fixed assets -€17,084
down €17,084 (-12.3%), from €138,915 to €121,831
of which Land and buildings: -€10,989
- Accrued charges and deferred income +€48,940
up €48,940 (+23.3%), from €209,956 to €258,896
- Profit (loss) carried forward +€40,496
up €40,496 (+65.8%), from €61,507 to €102,003
- Debts after one year -€26,133
down €26,133 (-40.6%), from €64,313 to €38,180
- Tax, wage and social debts +€12,855
up €12,855 (+52.3%), from €24,574 to €37,429
of which Taxes: +€15,765
- Advances received +€9,483
up €9,483 (+109.6%), from €8,656 to €18,139
- Staff costs +€24,218
up €24,218 (+13.3%), from €182,774 to €206,992
- Gross operating margin +€22,753
up €22,753 (+8.5%), from €268,469 to €291,222
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 | €495,027 | €581,425 | +€86,398 | +17.5% |
| Fixed assets | 21/28 | €138,915 | €121,831 | -€17,084 | -12.3% |
| Tangible fixed assets | 22/27 | €138,915 | €121,831 | -€17,084 | -12.3% |
| Land and buildings | 22 | €126,316 | €115,327 | -€10,989 | -8.7% |
| Plant, machinery and equipment | 23 | €3,323 | €2,899 | -€424 | -12.7% |
| Furniture and vehicles | 24 | €9,276 | €3,605 | -€5,671 | -61.1% |
| Current assets | 29/58 | €356,111 | €459,594 | +€103,483 | +29.1% |
| Amounts receivable within one year | 40/41 | €12,560 | €37,648 | +€25,088 | +199.7% |
| Trade receivables | 40 | €10,685 | €36,684 | +€25,999 | +243.3% |
| Other amounts receivable | 41 | €1,875 | €964 | -€911 | -48.6% |
| Cash at bank and in hand | 54/58 | €339,388 | €420,314 | +€80,927 | +23.8% |
| Deferred charges and accrued income | 490/1 | €4,163 | €1,632 | -€2,532 | -60.8% |
| Total equity and liabilities | 10/49 | €495,027 | €581,425 | +€86,398 | +17.5% |
| Equity | 10/15 | €143,369 | €183,866 | +€40,496 | +28.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,862 | €1,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,442 | €1,442 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,442 | €1,442 | = | 0.0% |
| Distributable reserves | 133 | €420 | €420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,507 | €102,003 | +€40,496 | +65.8% |
| Amounts payable | 17/49 | €351,657 | €397,559 | +€45,902 | +13.1% |
| Amounts payable after more than one year | 17 | €64,313 | €38,180 | -€26,133 | -40.6% |
| Financial debts | 170/4 | €64,313 | €38,180 | -€26,133 | -40.6% |
| Amounts payable within one year | 42/48 | €77,389 | €100,484 | +€23,094 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €28,333 | €27,517 | -€816 | -2.9% |
| Trade debts | 44 | €10,136 | €15,616 | +€5,480 | +54.1% |
| Suppliers | 440/4 | €10,136 | €15,616 | +€5,480 | +54.1% |
| Advances received on contracts in progress | 46 | €8,656 | €18,139 | +€9,483 | +109.6% |
| Taxes, remuneration and social security | 45 | €24,574 | €37,429 | +€12,855 | +52.3% |
| Taxes | 450/3 | €19,595 | €35,360 | +€15,765 | +80.5% |
| Remuneration and social security | 454/9 | €4,980 | €2,069 | -€2,911 | -58.4% |
| Other amounts payable | 47/48 | €5,690 | €1,782 | -€3,907 | -68.7% |
| Accrued charges and deferred income | 492/3 | €209,956 | €258,896 | +€48,940 | +23.3% |
| Remuneration, social security and pensions | 62 | €182,774 | €206,992 | +€24,218 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,841 | €17,084 | -€756 | -4.2% |
| Other operating charges | 640/8 | €5,943 | €5,143 | -€800 | -13.5% |
| Gross operating margin | 9900 | €268,469 | €291,222 | +€22,753 | +8.5% |
| Operating profit (loss) | 9901 | €61,912 | €62,003 | +€91 | +0.1% |
| Financial income | 75/76B | €306 | €299 | -€7 | -2.3% |
| Recurring financial income | 75 | €306 | €299 | -€7 | -2.3% |
| Financial charges | 65/66B | €3,091 | €2,370 | -€720 | -23.3% |
| Recurring financial charges | 65 | €3,091 | €2,370 | -€720 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €59,127 | €59,932 | +€804 | +1.4% |
| Income taxes | 67/77 | €19,329 | €19,435 | +€107 | +0.6% |
| Profit (loss) for the period | 9904 | €39,799 | €40,496 | +€698 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,799 | €40,496 | +€698 | +1.8% |
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 9 October 2026 via checked.be.