RTF-ART: what changed
Two fiscal 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.
RTF-ART
Largest movements
- Tangible fixed assets +€31,584
up €31,584 (+788.5%), from €4,006 to €35,590
of which Leasing and similar rights: +€27,666
- Receivables within one year -€21,888
down €21,888 (-40.6%), from €53,934 to €32,047
of which Trade receivables: -€22,324
- Stocks and contracts +€7,850
up €7,850 (+59.2%), from €13,250 to €21,100
- Current portion of long-term debt +€27,458
new in 2026: €27,458
- Trade debts -€10,998
down €10,998 (-52.1%), from €21,128 to €10,130
- Reserves +€4,400
up €4,400 (+20.1%), from €21,860 to €26,260
of which Distributable reserves: +€4,400
- Other debts -€3,601
down €3,601 (-53.7%), from €6,709 to €3,108
- Gross operating margin +€4,130
up €4,130 (+37.1%), from €11,138 to €15,269
- Depreciation +€1,907
up €1,907 (+68.4%), from €2,787 to €4,694
- Taxes +€923
up €923 (+32.6%), from €2,828 to €3,750
- Financial charges +€496
up €496 (+82.8%), from €599 to €1,096
- Other operating charges -€193
down €193 (-13.5%), from €1,431 to €1,239
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,460 | €94,562 | +€17,102 | +22.1% |
| Fixed assets | 21/28 | €4,243 | €35,827 | +€31,584 | +744.4% |
| Tangible fixed assets | 22/27 | €4,006 | €35,590 | +€31,584 | +788.5% |
| Plant, machinery and equipment | 23 | €474 | €164 | -€310 | -65.4% |
| Furniture and vehicles | 24 | €3,532 | €7,760 | +€4,228 | +119.7% |
| Leasing and similar rights | 25 | - | €27,666 | +€27,666 | |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €73,217 | €58,735 | -€14,482 | -19.8% |
| Stocks and contracts in progress | 3 | €13,250 | €21,100 | +€7,850 | +59.2% |
| Stocks | 30/36 | €13,250 | €21,100 | +€7,850 | +59.2% |
| Amounts receivable within one year | 40/41 | €53,934 | €32,047 | -€21,888 | -40.6% |
| Trade receivables | 40 | €50,406 | €28,082 | -€22,324 | -44.3% |
| Other amounts receivable | 41 | €3,528 | €3,965 | +€436 | +12.4% |
| Cash at bank and in hand | 54/58 | €3,527 | €3,497 | -€30 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,506 | €2,092 | -€414 | -16.5% |
| Total equity and liabilities | 10/49 | €77,460 | €94,562 | +€17,102 | +22.1% |
| Equity | 10/15 | €41,843 | €46,336 | +€4,493 | +10.7% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €26,260 | +€4,400 | +20.1% |
| 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 | €20,000 | €24,400 | +€4,400 | +22.0% |
| Profit (loss) carried forward | 14 | €12,783 | €12,876 | +€93 | +0.7% |
| Amounts payable | 17/49 | €35,617 | €48,226 | +€12,609 | +35.4% |
| Amounts payable within one year | 42/48 | €35,617 | €48,226 | +€12,609 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | - | €27,458 | +€27,458 | |
| Trade debts | 44 | €21,128 | €10,130 | -€10,998 | -52.1% |
| Suppliers | 440/4 | €21,128 | €10,130 | -€10,998 | -52.1% |
| Taxes, remuneration and social security | 45 | €7,780 | €7,530 | -€250 | -3.2% |
| Taxes | 450/3 | €350 | - | -€350 | |
| Remuneration and social security | 454/9 | €7,430 | €7,530 | +€100 | +1.3% |
| Other amounts payable | 47/48 | €6,709 | €3,108 | -€3,601 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,787 | €4,694 | +€1,907 | +68.4% |
| Other operating charges | 640/8 | €1,431 | €1,239 | -€193 | -13.5% |
| Gross operating margin | 9900 | €11,138 | €15,269 | +€4,130 | +37.1% |
| Operating profit (loss) | 9901 | €6,920 | €9,336 | +€2,416 | +34.9% |
| Financial income | 75/76B | €25 | €3 | -€21 | -86.9% |
| Recurring financial income | 75 | €25 | €3 | -€21 | -86.9% |
| Financial charges | 65/66B | €599 | €1,096 | +€496 | +82.8% |
| Recurring financial charges | 65 | €599 | €1,096 | +€496 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €6,345 | €8,243 | +€1,898 | +29.9% |
| Income taxes | 67/77 | €2,828 | €3,750 | +€923 | +32.6% |
| Profit (loss) for the period | 9904 | €3,517 | €4,493 | +€976 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,517 | €4,493 | +€976 | +27.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.