RTD: 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.
RTD
Largest movements
- Receivables within one year +€198,500
up €198,500 (+62.0%), from €320,000 to €518,500
- Cash -€85,376
down €85,376 (-92.4%), from €92,423 to €7,047
mainly Receivables within one year (-€198,500) and Debts after one year (-€42,748)
- Tangible fixed assets -€64,005
down €64,005 (-11.9%), from €535,841 to €471,836
- Profit (loss) carried forward +€98,275
up €98,275 (+22.8%), from -€430,386 to -€332,111
- Debts after one year -€42,748
down €42,748 (-12.8%), from €334,659 to €291,911
- Gross operating margin +€127,206
up €127,206 (+273%), from €46,585 to €173,791
- Financial income +€5,485
up €5,485 (+69.2%), from €7,925 to €13,410
- Other operating charges -€3,997
down €3,997 (-45.7%), from €8,739 to €4,742
- Financial charges -€3,014
down €3,014 (-13.0%), from €23,193 to €20,179
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 | €948,814 | €997,933 | +€49,119 | +5.2% |
| Fixed assets | 21/28 | €536,391 | €472,386 | -€64,005 | -11.9% |
| Tangible fixed assets | 22/27 | €535,841 | €471,836 | -€64,005 | -11.9% |
| Land and buildings | 22 | €535,841 | €471,836 | -€64,005 | -11.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €412,423 | €525,547 | +€113,124 | +27.4% |
| Amounts receivable within one year | 40/41 | €320,000 | €518,500 | +€198,500 | +62.0% |
| Other amounts receivable | 41 | €320,000 | €518,500 | +€198,500 | +62.0% |
| Cash at bank and in hand | 54/58 | €92,423 | €7,047 | -€85,376 | -92.4% |
| Total equity and liabilities | 10/49 | €948,814 | €997,933 | +€49,119 | +5.2% |
| Equity | 10/15 | -€230,386 | -€132,111 | +€98,275 | +42.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€430,386 | -€332,111 | +€98,275 | +22.8% |
| Amounts payable | 17/49 | €1,179,200 | €1,130,044 | -€49,156 | -4.2% |
| Amounts payable after more than one year | 17 | €334,659 | €291,911 | -€42,748 | -12.8% |
| Financial debts | 170/4 | €334,659 | €291,911 | -€42,748 | -12.8% |
| Amounts payable within one year | 42/48 | €834,151 | €836,035 | +€1,884 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €39,251 | €42,439 | +€3,188 | +8.1% |
| Trade debts | 44 | €1,974 | - | -€1,974 | |
| Suppliers | 440/4 | €1,974 | - | -€1,974 | |
| Other amounts payable | 47/48 | €792,926 | €793,596 | +€670 | +0.1% |
| Accrued charges and deferred income | 492/3 | €10,390 | €2,098 | -€8,292 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,573 | €64,005 | +€432 | +0.7% |
| Other operating charges | 640/8 | €8,739 | €4,742 | -€3,997 | -45.7% |
| Gross operating margin | 9900 | €46,585 | €173,791 | +€127,206 | +273% |
| Operating profit (loss) | 9901 | -€25,727 | €105,044 | +€130,771 | |
| Financial income | 75/76B | €7,925 | €13,410 | +€5,485 | +69.2% |
| Recurring financial income | 75 | €7,925 | €13,410 | +€5,485 | +69.2% |
| Financial charges | 65/66B | €23,193 | €20,179 | -€3,014 | -13.0% |
| Recurring financial charges | 65 | €23,193 | €20,179 | -€3,014 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,995 | €98,275 | +€139,270 | |
| Profit (loss) for the period | 9904 | -€40,995 | €98,275 | +€139,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,995 | €98,275 | +€139,270 |
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 29 October 2026 via checked.be.