RTcon: 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.
RTcon
Largest movements
- Tangible fixed assets +€47,831
up €47,831 (+63.6%), from €75,223 to €123,054
of which Plant, machinery and equipment: +€81,435
- Receivables within one year -€18,252
down €18,252 (-31.7%), from €57,565 to €39,313
of which Trade receivables: -€18,252
- Stocks and contracts +€9,664
up €9,664 (+67.6%), from €14,295 to €23,959
- Other debts +€32,188
up €32,188 (+28.6%), from €112,653 to €144,841
- Debts after one year +€27,354
up €27,354, from €0 to €27,354
- Tax, wage and social debts -€21,811
down €21,811 (-95.1%), from €22,934 to €1,123
of which Remuneration and social security: -€18,474
- Trade debts -€3,684
down €3,684 (-8.1%), from €45,441 to €41,757
- Current portion of long-term debt +€3,160
up €3,160 (+92.6%), from €3,412 to €6,572
- Staff costs -€68,467
down €68,467 (-85.5%), from €80,074 to €11,608
- Gross operating margin -€26,092
down €26,092 (-31.0%), from €84,197 to €58,105
- Depreciation +€10,950
up €10,950 (+35.3%), from €31,002 to €41,952
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 | €152,507 | €190,237 | +€37,730 | +24.7% |
| Fixed assets | 21/28 | €75,383 | €123,054 | +€47,671 | +63.2% |
| Tangible fixed assets | 22/27 | €75,223 | €123,054 | +€47,831 | +63.6% |
| Plant, machinery and equipment | 23 | €21,209 | €102,644 | +€81,435 | +384% |
| Furniture and vehicles | 24 | €3,339 | €15,147 | +€11,808 | +354% |
| Leasing and similar rights | 25 | €43,728 | €0 | -€43,728 | -100% |
| Other tangible fixed assets | 26 | €6,948 | €5,263 | -€1,685 | -24.2% |
| Financial fixed assets | 28 | €160 | €0 | -€160 | -100% |
| Current assets | 29/58 | €77,125 | €67,184 | -€9,941 | -12.9% |
| Stocks and contracts in progress | 3 | €14,295 | €23,959 | +€9,664 | +67.6% |
| Stocks | 30/36 | €14,295 | €23,959 | +€9,664 | +67.6% |
| Amounts receivable within one year | 40/41 | €57,565 | €39,313 | -€18,252 | -31.7% |
| Trade receivables | 40 | €57,565 | €39,313 | -€18,252 | -31.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €993 | €1,357 | +€364 | +36.7% |
| Deferred charges and accrued income | 490/1 | €4,271 | €2,555 | -€1,717 | -40.2% |
| Total equity and liabilities | 10/49 | €152,507 | €190,237 | +€37,730 | +24.7% |
| Equity | 10/15 | -€31,932 | -€31,409 | +€523 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,428 | €16,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,568 | €14,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,960 | -€66,437 | +€523 | +0.8% |
| Amounts payable | 17/49 | €184,439 | €221,646 | +€37,207 | +20.2% |
| Amounts payable after more than one year | 17 | €0 | €27,354 | +€27,354 | |
| Financial debts | 170/4 | €0 | €27,354 | +€27,354 | |
| Amounts payable within one year | 42/48 | €184,439 | €194,292 | +€9,853 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €3,412 | €6,572 | +€3,160 | +92.6% |
| Trade debts | 44 | €45,441 | €41,757 | -€3,684 | -8.1% |
| Suppliers | 440/4 | €45,441 | €41,757 | -€3,684 | -8.1% |
| Taxes, remuneration and social security | 45 | €22,934 | €1,123 | -€21,811 | -95.1% |
| Taxes | 450/3 | €4,460 | €1,123 | -€3,337 | -74.8% |
| Remuneration and social security | 454/9 | €18,474 | €0 | -€18,474 | -100% |
| Other amounts payable | 47/48 | €112,653 | €144,841 | +€32,188 | +28.6% |
| Non-recurring operating income | 76A | - | €3,250 | +€3,250 | |
| Remuneration, social security and pensions | 62 | €80,074 | €11,608 | -€68,467 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,002 | €41,952 | +€10,950 | +35.3% |
| Other operating charges | 640/8 | €2,847 | €2,071 | -€776 | -27.3% |
| Gross operating margin | 9900 | €84,197 | €58,105 | -€26,092 | -31.0% |
| Operating profit (loss) | 9901 | -€29,726 | €2,474 | +€32,201 | |
| Financial income | 75/76B | €674 | €714 | +€39 | +5.8% |
| Recurring financial income | 75 | €674 | €714 | +€39 | +5.8% |
| Financial charges | 65/66B | €2,512 | €2,665 | +€153 | +6.1% |
| Recurring financial charges | 65 | €2,512 | €2,665 | +€153 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,564 | €523 | +€32,087 | |
| Profit (loss) for the period | 9904 | -€31,564 | €523 | +€32,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,564 | €523 | +€32,087 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.