RTELEC: 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.
RTELEC
Largest movements
- Receivables within one year -€21,756
down €21,756 (-53.3%), from €40,838 to €19,082
of which Trade receivables: -€17,486
- Stocks and contracts +€2,404
up €2,404 (+9.5%), from €25,218 to €27,622
- Tangible fixed assets -€1,429
down €1,429 (-5.4%), from €26,270 to €24,841
of which Furniture and vehicles: -€2,310
- Profit (loss) carried forward -€24,637
new in 2025: -€24,637
- Other debts +€16,570
up €16,570 (+103%), from €16,109 to €32,679
- Trade debts -€11,279
down €11,279 (-15.8%), from €71,466 to €60,187
- Tax, wage and social debts -€1,025
down €1,025 (-59.5%), from €1,724 to €699
of which Taxes: -€821
- Gross operating margin -€36,570
down €36,570, from €33,207 to -€3,363
- Staff costs -€5,192
down €5,192 (-26.2%), from €19,805 to €14,613
- Taxes -€1,520
no longer reported in 2025 (was €1,520)
- Depreciation +€1,093
up €1,093 (+27.0%), from €4,055 to €5,148
- Other operating charges -€682
down €682 (-26.5%), from €2,578 to €1,896
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 | €98,323 | €77,809 | -€20,514 | -20.9% |
| Fixed assets | 21/28 | €26,271 | €24,842 | -€1,429 | -5.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €26,270 | €24,841 | -€1,429 | -5.4% |
| Plant, machinery and equipment | 23 | €19,039 | €19,920 | +€881 | +4.6% |
| Furniture and vehicles | 24 | €7,231 | €4,921 | -€2,310 | -31.9% |
| Current assets | 29/58 | €72,052 | €52,967 | -€19,085 | -26.5% |
| Stocks and contracts in progress | 3 | €25,218 | €27,622 | +€2,404 | +9.5% |
| Stocks | 30/36 | €25,218 | €27,622 | +€2,404 | +9.5% |
| Amounts receivable within one year | 40/41 | €40,838 | €19,082 | -€21,756 | -53.3% |
| Trade receivables | 40 | €35,475 | €17,989 | -€17,486 | -49.3% |
| Other amounts receivable | 41 | €5,363 | €1,093 | -€4,270 | -79.6% |
| Cash at bank and in hand | 54/58 | €5,996 | €5,355 | -€641 | -10.7% |
| Deferred charges and accrued income | 490/1 | - | €908 | +€908 | |
| Total equity and liabilities | 10/49 | €98,323 | €77,809 | -€20,514 | -20.9% |
| Equity | 10/15 | €8,880 | -€15,756 | -€24,636 | |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €5,280 | €5,281 | +€1 | 0.0% |
| Distributable reserves | 133 | €5,280 | €5,281 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,637 | -€24,637 | |
| Amounts payable | 17/49 | €89,443 | €93,565 | +€4,122 | +4.6% |
| Amounts payable within one year | 42/48 | €89,299 | €93,565 | +€4,266 | +4.8% |
| Trade debts | 44 | €71,466 | €60,187 | -€11,279 | -15.8% |
| Suppliers | 440/4 | €71,466 | €60,187 | -€11,279 | -15.8% |
| Taxes, remuneration and social security | 45 | €1,724 | €699 | -€1,025 | -59.5% |
| Taxes | 450/3 | €1,520 | €699 | -€821 | -54.0% |
| Remuneration and social security | 454/9 | €204 | - | -€204 | |
| Other amounts payable | 47/48 | €16,109 | €32,679 | +€16,570 | +103% |
| Accrued charges and deferred income | 492/3 | €144 | - | -€144 | |
| Remuneration, social security and pensions | 62 | €19,805 | €14,613 | -€5,192 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,055 | €5,148 | +€1,093 | +27.0% |
| Other operating charges | 640/8 | €2,578 | €1,896 | -€682 | -26.5% |
| Gross operating margin | 9900 | €33,207 | -€3,363 | -€36,570 | |
| Operating profit (loss) | 9901 | €6,769 | -€25,020 | -€31,789 | |
| Financial income | 75/76B | €36 | €618 | +€582 | +1,617% |
| Recurring financial income | 75 | €36 | €618 | +€582 | +1,617% |
| Financial charges | 65/66B | €5 | €235 | +€230 | +4,600% |
| Recurring financial charges | 65 | €5 | €235 | +€230 | +4,600% |
| Profit (loss) for the period before taxes | 9903 | €6,800 | -€24,637 | -€31,437 | |
| Income taxes | 67/77 | €1,520 | - | -€1,520 | |
| Profit (loss) for the period | 9904 | €5,280 | -€24,637 | -€29,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,280 | -€24,637 | -€29,917 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.