RTO LOGISTICS: 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.
RTO LOGISTICS
Largest movements
- Tangible fixed assets -€7,362
down €7,362 (-2.5%), from €290,748 to €283,385
of which Land and buildings: -€12,250
- Receivables within one year +€7,031
up €7,031 (+15.7%), from €44,725 to €51,756
of which Trade receivables: +€9,578
- Cash +€5,327
up €5,327 (+5.1%), from €104,828 to €110,155
mainly Net result for the year (+€47,826) and Depreciation (+€23,160)
- Debts after one year -€24,984
down €24,984 (-12.4%), from €201,928 to €176,944
- Other debts +€21,549
up €21,549 (+431%), from €5,000 to €26,549
- Reserves +€21,276
up €21,276 (+14.1%), from €151,239 to €172,516
of which Distributable reserves: +€21,276
- Trade debts -€12,563
down €12,563 (-59.9%), from €20,978 to €8,415
- Other operating charges +€6,959
up €6,959 (+30.9%), from €22,528 to €29,488
- Gross operating margin +€4,942
up €4,942 (+2.7%), from €184,920 to €189,863
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 | €447,295 | €452,948 | +€5,653 | +1.3% |
| Fixed assets | 21/28 | €291,018 | €283,655 | -€7,362 | -2.5% |
| Tangible fixed assets | 22/27 | €290,748 | €283,385 | -€7,362 | -2.5% |
| Land and buildings | 22 | €122,500 | €110,250 | -€12,250 | -10.0% |
| Furniture and vehicles | 24 | €4,157 | €425 | -€3,732 | -89.8% |
| Other tangible fixed assets | 26 | €164,091 | €172,710 | +€8,619 | +5.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €156,278 | €169,293 | +€13,015 | +8.3% |
| Stocks and contracts in progress | 3 | €610 | €2,476 | +€1,866 | +306% |
| Stocks | 30/36 | €610 | €2,476 | +€1,866 | +306% |
| Amounts receivable within one year | 40/41 | €44,725 | €51,756 | +€7,031 | +15.7% |
| Trade receivables | 40 | €40,210 | €49,788 | +€9,578 | +23.8% |
| Other amounts receivable | 41 | €4,515 | €1,969 | -€2,547 | -56.4% |
| Cash at bank and in hand | 54/58 | €104,828 | €110,155 | +€5,327 | +5.1% |
| Deferred charges and accrued income | 490/1 | €6,114 | €4,906 | -€1,208 | -19.8% |
| Total equity and liabilities | 10/49 | €447,295 | €452,948 | +€5,653 | +1.3% |
| Equity | 10/15 | €171,239 | €192,516 | +€21,276 | +12.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,239 | €172,516 | +€21,276 | +14.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,546 | €11,546 | = | 0.0% |
| Distributable reserves | 133 | €139,693 | €160,969 | +€21,276 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €276,056 | €260,432 | -€15,624 | -5.7% |
| Amounts payable after more than one year | 17 | €201,928 | €176,944 | -€24,984 | -12.4% |
| Financial debts | 170/4 | €201,928 | €176,944 | -€24,984 | -12.4% |
| Amounts payable within one year | 42/48 | €73,895 | €83,488 | +€9,593 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €24,474 | €24,984 | +€510 | +2.1% |
| Trade debts | 44 | €20,978 | €8,415 | -€12,563 | -59.9% |
| Suppliers | 440/4 | €20,978 | €8,415 | -€12,563 | -59.9% |
| Taxes, remuneration and social security | 45 | €23,443 | €23,539 | +€97 | +0.4% |
| Taxes | 450/3 | €17,049 | €16,762 | -€288 | -1.7% |
| Remuneration and social security | 454/9 | €6,394 | €6,778 | +€384 | +6.0% |
| Other amounts payable | 47/48 | €5,000 | €26,549 | +€21,549 | +431% |
| Accrued charges and deferred income | 492/3 | €233 | €0 | -€233 | -100% |
| Non-recurring operating income | 76A | - | €23,800 | +€23,800 | |
| Remuneration, social security and pensions | 62 | €64,263 | €65,454 | +€1,192 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,189 | €23,160 | -€1,030 | -4.3% |
| Other operating charges | 640/8 | €22,528 | €29,488 | +€6,959 | +30.9% |
| Gross operating margin | 9900 | €184,920 | €189,863 | +€4,942 | +2.7% |
| Operating profit (loss) | 9901 | €73,940 | €71,761 | -€2,179 | -2.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.7% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.7% |
| Financial charges | 65/66B | €6,297 | €5,537 | -€760 | -12.1% |
| Recurring financial charges | 65 | €6,297 | €5,537 | -€760 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €67,647 | €66,224 | -€1,423 | -2.1% |
| Income taxes | 67/77 | €18,740 | €18,398 | -€341 | -1.8% |
| Profit (loss) for the period | 9904 | €48,908 | €47,826 | -€1,082 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,908 | €47,826 | -€1,082 | -2.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.