RTNC: 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.
RTNC
Largest movements
- Tangible fixed assets +€3,844
up €3,844 (+64.2%), from €5,991 to €9,835
of which Furniture and vehicles: +€2,885
- Cash +€3,006
up €3,006 (+13.4%), from €22,427 to €25,433
mainly Net result for the year (+€5,431) and Depreciation (+€2,603)
- Receivables within one year +€1,195
up €1,195 (+199.2%), from €600 to €1,795
- Reserves +€4,500
up €4,500 (+160.7%), from €2,800 to €7,300
- Trade debts +€1,656
up €1,656 (+20698.3%), from €8 to €1,664
- Tax, wage and social debts +€1,476
up €1,476 (+62.3%), from €2,369 to €3,845
of which Remuneration and social security: +€1,850
- Gross operating margin +€4,029
up €4,029 (+51.8%), from €7,785 to €11,814
- Taxes +€1,432
up €1,432 (+158.5%), from €903 to €2,335
- Depreciation -€1,431
down €1,431 (-35.5%), from €4,034 to €2,603
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 | €30,190 | €38,256 | +€8,066 | +26.7% |
| Fixed assets | 21/28 | €5,991 | €9,835 | +€3,844 | +64.2% |
| Tangible fixed assets | 22/27 | €5,991 | €9,835 | +€3,844 | +64.2% |
| Plant, machinery and equipment | 23 | - | €959 | +€959 | |
| Furniture and vehicles | 24 | €5,991 | €8,876 | +€2,885 | +48.2% |
| Current assets | 29/58 | €24,199 | €28,421 | +€4,222 | +17.4% |
| Amounts receivable within one year | 40/41 | €600 | €1,795 | +€1,195 | +199.2% |
| Trade receivables | 40 | €600 | €1,795 | +€1,195 | +199.2% |
| Cash at bank and in hand | 54/58 | €22,427 | €25,433 | +€3,006 | +13.4% |
| Deferred charges and accrued income | 490/1 | €1,172 | €1,193 | +€22 | +1.8% |
| Total equity and liabilities | 10/49 | €30,190 | €38,256 | +€8,066 | +26.7% |
| Equity | 10/15 | €20,299 | €24,898 | +€4,598 | +22.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €2,800 | €7,300 | +€4,500 | +160.7% |
| Distributable reserves | 133 | €2,800 | €7,300 | +€4,500 | +160.7% |
| Profit (loss) carried forward | 14 | €13,999 | €14,098 | +€98 | +0.7% |
| Amounts payable | 17/49 | €9,891 | €13,358 | +€3,468 | +35.1% |
| Amounts payable within one year | 42/48 | €9,891 | €13,358 | +€3,468 | +35.1% |
| Trade debts | 44 | €8 | €1,664 | +€1,656 | +20698.3% |
| Suppliers | 440/4 | €8 | €1,664 | +€1,656 | +20698.3% |
| Taxes, remuneration and social security | 45 | €2,369 | €3,845 | +€1,476 | +62.3% |
| Taxes | 450/3 | €2,369 | €1,995 | -€374 | -15.8% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €7,514 | €7,849 | +€336 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,034 | €2,603 | -€1,431 | -35.5% |
| Other operating charges | 640/8 | €823 | €911 | +€88 | +10.7% |
| Gross operating margin | 9900 | €7,785 | €11,814 | +€4,029 | +51.8% |
| Operating profit (loss) | 9901 | €2,928 | €8,300 | +€5,372 | +183.5% |
| Financial charges | 65/66B | €566 | €534 | -€33 | -5.8% |
| Recurring financial charges | 65 | €566 | €534 | -€33 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €2,361 | €7,766 | +€5,405 | +228.9% |
| Income taxes | 67/77 | €903 | €2,335 | +€1,432 | +158.5% |
| Profit (loss) for the period | 9904 | €1,458 | €5,431 | +€3,973 | +272.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,458 | €5,431 | +€3,973 | +272.5% |
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 8 October 2026 via checked.be.