RTR INVEST: 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.
RTR INVEST
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+39.2%), from €509,984 to €709,984
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€47,090
down €47,090 (-8.6%), from €550,039 to €502,949
of which Land and buildings: -€36,645
- Cash -€33,920
down €33,920 (-43.7%), from €77,606 to €43,686
mainly Investment in fixed assets (net) (-€210,825) and Trade debts (-€32,656)
- Receivables within one year +€31,193
up €31,193 (+134%), from €23,270 to €54,463
- Other debts +€153,671
up €153,671 (+166%), from €92,666 to €246,337
- Trade debts -€32,656
down €32,656 (-97.2%), from €33,583 to €927
- Profit (loss) carried forward -€16,497
new in 2025: -€16,497
- Depreciation +€19,905
up €19,905 (+52.4%), from €38,010 to €57,916
- Staff costs +€12,601
up €12,601 (+240%), from €5,245 to €17,846
- Taxes -€3,173
no longer reported in 2025 (was €3,173)
- Financial income +€2,243
up €2,243 (+11,779%), from €19 to €2,262
of which Financial income: +€2,244
- Financial charges -€1,586
down €1,586 (-9.8%), from €16,207 to €14,621
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 | €1,217,508 | €1,316,788 | +€99,280 | +8.2% |
| Fixed assets | 21/28 | €1,060,023 | €1,212,932 | +€152,910 | +14.4% |
| Tangible fixed assets | 22/27 | €550,039 | €502,949 | -€47,090 | -8.6% |
| Land and buildings | 22 | €426,451 | €389,806 | -€36,645 | -8.6% |
| Plant, machinery and equipment | 23 | - | €4,321 | +€4,321 | |
| Furniture and vehicles | 24 | €766 | €3,971 | +€3,205 | +418% |
| Other tangible fixed assets | 26 | €122,822 | €104,851 | -€17,971 | -14.6% |
| Financial fixed assets | 28 | €509,984 | €709,984 | +€200,000 | +39.2% |
| Current assets | 29/58 | €157,485 | €103,855 | -€53,630 | -34.1% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Trade receivables | 290 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €23,270 | €54,463 | +€31,193 | +134% |
| Trade receivables | 40 | €23,270 | €54,463 | +€31,193 | +134% |
| Cash at bank and in hand | 54/58 | €77,606 | €43,686 | -€33,920 | -43.7% |
| Deferred charges and accrued income | 490/1 | €6,609 | €5,706 | -€903 | -13.7% |
| Total equity and liabilities | 10/49 | €1,217,508 | €1,316,788 | +€99,280 | +8.2% |
| Equity | 10/15 | €160,297 | €143,800 | -€16,497 | -10.3% |
| Contributions | 10/11 | €4,968 | €4,968 | = | 0.0% |
| Revaluation surpluses | 12 | €117,962 | €117,962 | = | 0.0% |
| Reserves | 13 | €37,366 | €37,366 | = | 0.0% |
| Distributable reserves | 133 | €37,366 | €37,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,497 | -€16,497 | |
| Amounts payable | 17/49 | €1,057,211 | €1,172,988 | +€115,776 | +11.0% |
| Amounts payable after more than one year | 17 | €817,698 | €810,860 | -€6,838 | -0.8% |
| Financial debts | 170/4 | €817,698 | €810,860 | -€6,838 | -0.8% |
| Amounts payable within one year | 42/48 | €239,263 | €361,727 | +€122,464 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €45,720 | €53,284 | +€7,564 | +16.5% |
| Trade debts | 44 | €33,583 | €927 | -€32,656 | -97.2% |
| Suppliers | 440/4 | €33,583 | €927 | -€32,656 | -97.2% |
| Taxes, remuneration and social security | 45 | €67,295 | €61,178 | -€6,116 | -9.1% |
| Taxes | 450/3 | €66,752 | €60,108 | -€6,643 | -10.0% |
| Remuneration and social security | 454/9 | €543 | €1,070 | +€527 | +97.1% |
| Other amounts payable | 47/48 | €92,666 | €246,337 | +€153,671 | +166% |
| Accrued charges and deferred income | 492/3 | €250 | €401 | +€151 | +60.3% |
| Remuneration, social security and pensions | 62 | €5,245 | €17,846 | +€12,601 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,010 | €57,916 | +€19,905 | +52.4% |
| Other operating charges | 640/8 | €1,944 | €2,026 | +€81 | +4.2% |
| Gross operating margin | 9900 | €73,668 | €73,650 | -€18 | 0.0% |
| Operating profit (loss) | 9901 | €28,469 | -€4,137 | -€32,606 | |
| Financial income | 75/76B | €19 | €2,262 | +€2,243 | +11,779% |
| Recurring financial income | 75 | €18 | €2,262 | +€2,244 | +12,438% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €16,207 | €14,621 | -€1,586 | -9.8% |
| Recurring financial charges | 65 | €16,207 | €14,621 | -€1,586 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €12,281 | -€16,497 | -€28,777 | |
| Income taxes | 67/77 | €3,173 | - | -€3,173 | |
| Profit (loss) for the period | 9904 | €9,107 | -€16,497 | -€25,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,107 | -€16,497 | -€25,604 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.