RTC: 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.
RTC
Largest movements
- Cash -€107,453
down €107,453 (-69.3%), from €155,113 to €47,659
mainly Other debts (-€174,665) and Deferred charges and accrued income (-€5,624)
- Tangible fixed assets -€45,036
down €45,036 (-15.1%), from €298,972 to €253,936
of which Land and buildings: -€42,914
- Stocks and contracts -€12,319
down €12,319 (-12.0%), from €102,743 to €90,423
- Deferred charges and accrued income +€5,624
new in 2024: €5,624
- Other debts -€174,665
down €174,665 (-17.5%), from €997,341 to €822,676
- Profit (loss) carried forward +€6,400
up €6,400 (+1.0%), from -€650,459 to -€644,059
- Trade debts +€5,895
up €5,895 (+1,202%), from €490 to €6,385
- Gross operating margin +€3,213
up €3,213 (+4.1%), from €78,662 to €81,875
- Depreciation +€927
up €927 (+2.1%), from €44,109 to €45,036
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,834 | €402,372 | -€159,462 | -28.4% |
| Fixed assets | 21/28 | €298,972 | €253,936 | -€45,036 | -15.1% |
| Tangible fixed assets | 22/27 | €298,972 | €253,936 | -€45,036 | -15.1% |
| Land and buildings | 22 | €290,572 | €247,657 | -€42,914 | -14.8% |
| Plant, machinery and equipment | 23 | €8,400 | €6,278 | -€2,122 | -25.3% |
| Current assets | 29/58 | €262,862 | €148,436 | -€114,426 | -43.5% |
| Stocks and contracts in progress | 3 | €102,743 | €90,423 | -€12,319 | -12.0% |
| Stocks | 30/36 | €102,743 | €90,423 | -€12,319 | -12.0% |
| Amounts receivable within one year | 40/41 | €5,007 | €4,730 | -€277 | -5.5% |
| Trade receivables | 40 | €4,986 | €4,709 | -€277 | -5.6% |
| Other amounts receivable | 41 | €21 | €21 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €155,113 | €47,659 | -€107,453 | -69.3% |
| Deferred charges and accrued income | 490/1 | - | €5,624 | +€5,624 | |
| Total equity and liabilities | 10/49 | €561,834 | €402,372 | -€159,462 | -28.4% |
| Equity | 10/15 | -€451,050 | -€444,651 | +€6,400 | +1.4% |
| Contributions | 10/11 | €158,720 | €158,720 | = | 0.0% |
| Reserves | 13 | €40,688 | €40,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,688 | €40,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€650,459 | -€644,059 | +€6,400 | +1.0% |
| Amounts payable | 17/49 | €1,012,884 | €847,022 | -€165,861 | -16.4% |
| Amounts payable within one year | 42/48 | €998,254 | €830,673 | -€167,581 | -16.8% |
| Trade debts | 44 | €490 | €6,385 | +€5,895 | +1,202% |
| Suppliers | 440/4 | €490 | €6,385 | +€5,895 | +1,202% |
| Taxes, remuneration and social security | 45 | €422 | €1,611 | +€1,189 | +282% |
| Taxes | 450/3 | €422 | €1,611 | +€1,189 | +282% |
| Other amounts payable | 47/48 | €997,341 | €822,676 | -€174,665 | -17.5% |
| Accrued charges and deferred income | 492/3 | €14,630 | €16,350 | +€1,720 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,109 | €45,036 | +€927 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,242 | €11,155 | -€87 | -0.8% |
| Other operating charges | 640/8 | €18,484 | €19,064 | +€580 | +3.1% |
| Gross operating margin | 9900 | €78,662 | €81,875 | +€3,213 | +4.1% |
| Operating profit (loss) | 9901 | €4,826 | €6,620 | +€1,794 | +37.2% |
| Financial income | 75/76B | €30 | €338 | +€308 | +1,038% |
| Recurring financial income | 75 | €30 | €338 | +€308 | +1,038% |
| Financial charges | 65/66B | €59 | €65 | +€6 | +10.3% |
| Recurring financial charges | 65 | €59 | €65 | +€6 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €4,797 | €6,892 | +€2,096 | +43.7% |
| Income taxes | 67/77 | €477 | €493 | +€16 | +3.3% |
| Profit (loss) for the period | 9904 | €4,320 | €6,400 | +€2,080 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,320 | €6,400 | +€2,080 | +48.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.