RTOC REPRO: 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.
RTOC REPRO
Largest movements
- Tangible fixed assets -€209,822
down €209,822 (-98.1%), from €213,835 to €4,013
of which Land and buildings: -€208,746
- Cash +€131,573
up €131,573 (+4498.5%), from €2,925 to €134,498
mainly Investment in fixed assets (net) (+€166,895) and Other debts (+€84,214)
- Intangible fixed assets +€23,815
up €23,815 (+1401.5%), from €1,699 to €25,514
- Receivables within one year +€22,878
up €22,878 (+55.8%), from €41,031 to €63,909
of which Trade receivables: +€21,439
- Financial fixed assets +€15,000
up €15,000 (+161.3%), from €9,300 to €24,300
- Contributions -€149,900
down €149,900 (-88.2%), from €169,900 to €20,000
- Other debts +€84,214
up €84,214 (+755.3%), from €11,149 to €95,363
- Reserves +€55,871
new in 2025: €55,871
- Short-term financial debts -€29,990
down €29,990 (-96.7%), from €31,002 to €1,012
- Trade debts +€25,913
up €25,913 (+31.3%), from €82,840 to €108,754
- Gross operating margin +€72,880
up €72,880 (+109.8%), from €66,389 to €139,268
- Taxes +€13,562
up €13,562 (+1730.2%), from €784 to €14,345
- Staff costs +€4,124
up €4,124 (+7.7%), from €53,718 to €57,843
- Other operating charges +€1,535
up €1,535 (+67.1%), from €2,286 to €3,821
- Depreciation +€1,422
up €1,422 (+52.8%), from €2,690 to €4,112
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,241 | €317,999 | -€12,242 | -3.7% |
| Fixed assets | 21/28 | €224,835 | €53,827 | -€171,007 | -76.1% |
| Intangible fixed assets | 21 | €1,699 | €25,514 | +€23,815 | +1401.5% |
| Tangible fixed assets | 22/27 | €213,835 | €4,013 | -€209,822 | -98.1% |
| Land and buildings | 22 | €208,746 | - | -€208,746 | |
| Plant, machinery and equipment | 23 | €444 | - | -€444 | |
| Furniture and vehicles | 24 | €4,645 | €4,013 | -€631 | -13.6% |
| Financial fixed assets | 28 | €9,300 | €24,300 | +€15,000 | +161.3% |
| Current assets | 29/58 | €105,406 | €264,171 | +€158,765 | +150.6% |
| Stocks and contracts in progress | 3 | €57,983 | €61,631 | +€3,648 | +6.3% |
| Stocks | 30/36 | €57,983 | €61,631 | +€3,648 | +6.3% |
| Amounts receivable within one year | 40/41 | €41,031 | €63,909 | +€22,878 | +55.8% |
| Trade receivables | 40 | €39,315 | €60,755 | +€21,439 | +54.5% |
| Other amounts receivable | 41 | €1,716 | €3,155 | +€1,438 | +83.8% |
| Cash at bank and in hand | 54/58 | €2,925 | €134,498 | +€131,573 | +4498.5% |
| Deferred charges and accrued income | 490/1 | €3,467 | €4,133 | +€666 | +19.2% |
| Total equity and liabilities | 10/49 | €330,241 | €317,999 | -€12,242 | -3.7% |
| Equity | 10/15 | €158,747 | €75,871 | -€82,876 | -52.2% |
| Contributions | 10/11 | €169,900 | €20,000 | -€149,900 | -88.2% |
| Reserves | 13 | - | €55,871 | +€55,871 | |
| Distributable reserves | 133 | - | €55,871 | +€55,871 | |
| Profit (loss) carried forward | 14 | -€11,153 | - | +€11,153 | |
| Amounts payable | 17/49 | €171,494 | €242,127 | +€70,634 | +41.2% |
| Amounts payable after more than one year | 17 | €24,835 | €13,383 | -€11,452 | -46.1% |
| Financial debts | 170/4 | €24,835 | €13,383 | -€11,452 | -46.1% |
| Amounts payable within one year | 42/48 | €145,527 | €228,745 | +€83,217 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €1,395 | €1,452 | +€57 | +4.1% |
| Financial debts | 43 | €31,002 | €1,012 | -€29,990 | -96.7% |
| Credit institutions | 430/8 | €31,002 | €1,012 | -€29,990 | -96.7% |
| Trade debts | 44 | €82,840 | €108,754 | +€25,913 | +31.3% |
| Suppliers | 440/4 | €82,840 | €108,754 | +€25,913 | +31.3% |
| Taxes, remuneration and social security | 45 | €19,141 | €22,165 | +€3,024 | +15.8% |
| Taxes | 450/3 | €8,060 | €9,844 | +€1,784 | +22.1% |
| Remuneration and social security | 454/9 | €11,081 | €12,321 | +€1,240 | +11.2% |
| Other amounts payable | 47/48 | €11,149 | €95,363 | +€84,214 | +755.3% |
| Accrued charges and deferred income | 492/3 | €1,131 | - | -€1,131 | |
| Non-recurring operating income | 76A | €8,810 | €101,705 | +€92,895 | +1054.4% |
| Remuneration, social security and pensions | 62 | €53,718 | €57,843 | +€4,124 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,690 | €4,112 | +€1,422 | +52.8% |
| Other operating charges | 640/8 | €2,286 | €3,821 | +€1,535 | +67.1% |
| Gross operating margin | 9900 | €66,389 | €139,268 | +€72,880 | +109.8% |
| Operating profit (loss) | 9901 | €7,694 | €73,492 | +€65,799 | +855.2% |
| Financial income | 75/76B | €493 | €1,376 | +€883 | +178.8% |
| Recurring financial income | 75 | €493 | €1,376 | +€883 | +178.8% |
| Financial charges | 65/66B | €5,330 | €4,652 | -€678 | -12.7% |
| Recurring financial charges | 65 | €5,330 | €4,652 | -€678 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €2,857 | €70,217 | +€67,359 | +2357.5% |
| Income taxes | 67/77 | €784 | €14,345 | +€13,562 | +1730.2% |
| Profit (loss) for the period | 9904 | €2,073 | €55,871 | +€53,798 | +2594.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,073 | €55,871 | +€53,798 | +2594.6% |
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 6 October 2026 via checked.be.