RTEAM: 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.
RTEAM
Largest movements
- Receivables within one year +€51,807
up €51,807 (+36.1%), from €143,514 to €195,321
of which Trade receivables: +€53,475
- Cash -€23,793
no longer reported in 2024 (was €23,793)
mainly Receivables within one year (-€51,807) and Investment in fixed assets (net) (-€45,633)
- Tangible fixed assets +€13,464
up €13,464 (+21.7%), from €61,939 to €75,403
of which Furniture and vehicles: +€15,725
- Tax, wage and social debts +€17,197
up €17,197 (+107%), from €16,082 to €33,279
of which Remuneration and social security: +€11,295
- Profit (loss) carried forward +€15,381
up €15,381 (+11.9%), from €129,570 to €144,951
- Trade debts -€8,820
down €8,820 (-39.8%), from €22,142 to €13,323
- Debts after one year +€8,269
up €8,269 (+31.2%), from €26,484 to €34,753
- Current portion of long-term debt +€5,497
up €5,497 (+64.9%), from €8,472 to €13,969
- Gross operating margin +€20,463
up €20,463 (+42.8%), from €47,851 to €68,314
- Depreciation +€11,748
up €11,748 (+57.5%), from €20,421 to €32,169
- Other operating charges +€6,385
up €6,385 (+283%), from €2,256 to €8,641
- Taxes +€5,902
up €5,902 (+173%), from €3,408 to €9,310
- Financial charges +€826
up €826 (+35.5%), from €2,325 to €3,151
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 | €231,377 | €274,252 | +€42,875 | +18.5% |
| Fixed assets | 21/28 | €61,939 | €75,403 | +€13,464 | +21.7% |
| Tangible fixed assets | 22/27 | €61,939 | €75,403 | +€13,464 | +21.7% |
| Plant, machinery and equipment | 23 | €10,208 | €11,948 | +€1,740 | +17.0% |
| Furniture and vehicles | 24 | €35,007 | €50,732 | +€15,725 | +44.9% |
| Leasing and similar rights | 25 | €16,723 | €12,723 | -€4,000 | -23.9% |
| Current assets | 29/58 | €169,438 | €198,849 | +€29,411 | +17.4% |
| Amounts receivable within one year | 40/41 | €143,514 | €195,321 | +€51,807 | +36.1% |
| Trade receivables | 40 | €137,227 | €190,701 | +€53,475 | +39.0% |
| Other amounts receivable | 41 | €6,287 | €4,619 | -€1,668 | -26.5% |
| Cash at bank and in hand | 54/58 | €23,793 | - | -€23,793 | |
| Deferred charges and accrued income | 490/1 | €2,131 | €3,528 | +€1,397 | +65.5% |
| Total equity and liabilities | 10/49 | €231,377 | €274,252 | +€42,875 | +18.5% |
| Equity | 10/15 | €137,630 | €153,011 | +€15,381 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,570 | €144,951 | +€15,381 | +11.9% |
| Amounts payable | 17/49 | €93,747 | €121,241 | +€27,494 | +29.3% |
| Amounts payable after more than one year | 17 | €26,484 | €34,753 | +€8,269 | +31.2% |
| Financial debts | 170/4 | €26,484 | €34,753 | +€8,269 | +31.2% |
| Amounts payable within one year | 42/48 | €67,263 | €86,489 | +€19,225 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €8,472 | €13,969 | +€5,497 | +64.9% |
| Financial debts | 43 | - | €3,740 | +€3,740 | |
| Credit institutions | 430/8 | - | €3,740 | +€3,740 | |
| Trade debts | 44 | €22,142 | €13,323 | -€8,820 | -39.8% |
| Suppliers | 440/4 | €22,142 | €13,323 | -€8,820 | -39.8% |
| Taxes, remuneration and social security | 45 | €16,082 | €33,279 | +€17,197 | +107% |
| Taxes | 450/3 | €3,763 | €9,665 | +€5,902 | +157% |
| Remuneration and social security | 454/9 | €12,319 | €23,614 | +€11,295 | +91.7% |
| Other amounts payable | 47/48 | €20,567 | €22,178 | +€1,611 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,421 | €32,169 | +€11,748 | +57.5% |
| Other operating charges | 640/8 | €2,256 | €8,641 | +€6,385 | +283% |
| Gross operating margin | 9900 | €47,851 | €68,314 | +€20,463 | +42.8% |
| Operating profit (loss) | 9901 | €25,174 | €27,504 | +€2,330 | +9.3% |
| Financial income | 75/76B | €0 | €338 | +€338 | +129,850% |
| Recurring financial income | 75 | €0 | €338 | +€338 | +129,850% |
| Financial charges | 65/66B | €2,325 | €3,151 | +€826 | +35.5% |
| Recurring financial charges | 65 | €2,325 | €3,151 | +€826 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €22,849 | €24,691 | +€1,842 | +8.1% |
| Income taxes | 67/77 | €3,408 | €9,310 | +€5,902 | +173% |
| Profit (loss) for the period | 9904 | €19,441 | €15,381 | -€4,060 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,441 | €15,381 | -€4,060 | -20.9% |
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 14 October 2026 via checked.be.