RTM KOELING: 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.
RTM KOELING
Largest movements
- Stocks and contracts -€64,414
down €64,414 (-57.3%), from €112,407 to €47,993
- Receivables within one year +€55,744
up €55,744 (+401.0%), from €13,901 to €69,645
of which Trade receivables: +€54,571
- Cash +€52,615
up €52,615 (+501.6%), from €10,490 to €63,105
mainly Depreciation (+€81,354) and Stocks and contracts (+€64,414)
- Tangible fixed assets -€38,448
down €38,448 (-9.2%), from €417,415 to €378,967
of which Furniture and vehicles: -€51,787
- Deferred charges and accrued income +€20,319
up €20,319 (+30974.4%), from €66 to €20,385
- Debts after one year -€75,946
down €75,946 (-35.4%), from €214,686 to €138,740
- Reserves +€46,206
new in 2025: €46,206
- Other debts +€25,604
up €25,604 (+54.7%), from €46,813 to €72,418
- Tax, wage and social debts +€16,377
up €16,377 (+388.1%), from €4,220 to €20,596
- Trade debts +€11,610
up €11,610 (+32.8%), from €35,395 to €47,005
- Gross operating margin +€62,808
up €62,808 (+56.2%), from €111,776 to €174,584
- Taxes +€12,757
up €12,757 (+325.5%), from €3,920 to €16,677
- Depreciation +€10,784
up €10,784 (+15.3%), from €70,570 to €81,354
- Financial charges -€2,783
down €2,783 (-43.3%), from €6,423 to €3,641
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.
Cash bridge derived
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 | €557,331 | €582,491 | +€25,161 | +4.5% |
| Fixed assets | 21/28 | €420,467 | €381,364 | -€39,103 | -9.3% |
| Intangible fixed assets | 21 | €3,051 | €2,396 | -€655 | -21.5% |
| Tangible fixed assets | 22/27 | €417,415 | €378,967 | -€38,448 | -9.2% |
| Plant, machinery and equipment | 23 | €47,000 | €64,110 | +€17,110 | +36.4% |
| Furniture and vehicles | 24 | €199,797 | €148,009 | -€51,787 | -25.9% |
| Other tangible fixed assets | 26 | €170,618 | €133,168 | -€37,450 | -21.9% |
| Assets under construction and advance payments | 27 | - | €33,680 | +€33,680 | |
| Current assets | 29/58 | €136,864 | €201,128 | +€64,264 | +47.0% |
| Stocks and contracts in progress | 3 | €112,407 | €47,993 | -€64,414 | -57.3% |
| Stocks | 30/36 | €112,407 | €47,993 | -€64,414 | -57.3% |
| Amounts receivable within one year | 40/41 | €13,901 | €69,645 | +€55,744 | +401.0% |
| Trade receivables | 40 | €11,050 | €65,621 | +€54,571 | +493.9% |
| Other amounts receivable | 41 | €2,851 | €4,024 | +€1,172 | +41.1% |
| Cash at bank and in hand | 54/58 | €10,490 | €63,105 | +€52,615 | +501.6% |
| Deferred charges and accrued income | 490/1 | €66 | €20,385 | +€20,319 | +30974.4% |
| Total equity and liabilities | 10/49 | €557,331 | €582,491 | +€25,161 | +4.5% |
| Equity | 10/15 | €178,997 | €225,203 | +€46,206 | +25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €46,206 | +€46,206 | |
| Distributable reserves | 133 | - | €46,206 | +€46,206 | |
| Profit (loss) carried forward | 14 | €173,997 | €173,997 | = | 0.0% |
| Amounts payable | 17/49 | €378,333 | €357,288 | -€21,045 | -5.6% |
| Amounts payable after more than one year | 17 | €214,686 | €138,740 | -€75,946 | -35.4% |
| Financial debts | 170/4 | €214,686 | €138,740 | -€75,946 | -35.4% |
| Amounts payable within one year | 42/48 | €163,647 | €218,548 | +€54,901 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €77,220 | €78,529 | +€1,310 | +1.7% |
| Trade debts | 44 | €35,395 | €47,005 | +€11,610 | +32.8% |
| Suppliers | 440/4 | €35,395 | €47,005 | +€11,610 | +32.8% |
| Taxes, remuneration and social security | 45 | €4,220 | €20,596 | +€16,377 | +388.1% |
| Taxes | 450/3 | €4,220 | €20,596 | +€16,377 | +388.1% |
| Other amounts payable | 47/48 | €46,813 | €72,418 | +€25,604 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,570 | €81,354 | +€10,784 | +15.3% |
| Other operating charges | 640/8 | €60 | €460 | +€400 | +666.2% |
| Non-recurring operating charges | 66A | - | €26,517 | +€26,517 | |
| Gross operating margin | 9900 | €111,776 | €174,584 | +€62,808 | +56.2% |
| Operating profit (loss) | 9901 | €41,146 | €66,253 | +€25,107 | +61.0% |
| Financial income | 75/76B | €0 | €270 | +€270 | |
| Recurring financial income | 75 | €0 | €270 | +€270 | |
| Financial charges | 65/66B | €6,423 | €3,641 | -€2,783 | -43.3% |
| Recurring financial charges | 65 | €6,423 | €3,641 | -€2,783 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €34,723 | €62,883 | +€28,160 | +81.1% |
| Income taxes | 67/77 | €3,920 | €16,677 | +€12,757 | +325.5% |
| Profit (loss) for the period | 9904 | €30,803 | €46,206 | +€15,403 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,803 | €46,206 | +€15,403 | +50.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.