RTS: 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.
RTS
Largest movements
- Tangible fixed assets +€61,431
up €61,431 (+2046.5%), from €3,002 to €64,433
of which Furniture and vehicles: +€60,104
- Stocks and contracts -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Cash -€4,914
down €4,914 (-58.1%), from €8,462 to €3,548
mainly Investment in fixed assets (net) (-€72,687) and Contributions, distributions and other (-€12,751)
- Receivables within one year +€3,634
up €3,634 (+15.1%), from €24,096 to €27,729
of which Trade receivables: +€14,193
- Deferred charges and accrued income +€2,374
up €2,374 (+293.7%), from €808 to €3,182
- Reserves +€29,609
up €29,609 (+232.2%), from €12,751 to €42,360
- Tax, wage and social debts +€13,942
up €13,942, from €0 to €13,942
- Trade debts +€11,172
up €11,172 (+304.8%), from €3,666 to €14,838
- Other debts -€2,199
down €2,199 (-14.7%), from €14,950 to €12,751
- Gross operating margin +€54,540
up €54,540 (+252.8%), from €21,571 to €76,111
- Taxes +€17,444
up €17,444 (+409.7%), from €4,258 to €21,701
- Depreciation +€10,510
up €10,510 (+1409.8%), from €746 to €11,256
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 | €46,367 | €98,892 | +€52,525 | +113.3% |
| Fixed assets | 21/28 | €3,002 | €64,433 | +€61,431 | +2046.5% |
| Tangible fixed assets | 22/27 | €3,002 | €64,433 | +€61,431 | +2046.5% |
| Plant, machinery and equipment | 23 | €1,802 | €3,129 | +€1,327 | +73.7% |
| Furniture and vehicles | 24 | €1,200 | €61,304 | +€60,104 | +5008.7% |
| Current assets | 29/58 | €43,366 | €34,459 | -€8,907 | -20.5% |
| Stocks and contracts in progress | 3 | €10,000 | €0 | -€10,000 | -100.0% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,096 | €27,729 | +€3,634 | +15.1% |
| Trade receivables | 40 | €4,259 | €18,451 | +€14,193 | +333.3% |
| Other amounts receivable | 41 | €19,837 | €9,278 | -€10,559 | -53.2% |
| Cash at bank and in hand | 54/58 | €8,462 | €3,548 | -€4,914 | -58.1% |
| Deferred charges and accrued income | 490/1 | €808 | €3,182 | +€2,374 | +293.7% |
| Total equity and liabilities | 10/49 | €46,367 | €98,892 | +€52,525 | +113.3% |
| Equity | 10/15 | €27,751 | €57,360 | +€29,609 | +106.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €12,751 | €42,360 | +€29,609 | +232.2% |
| Distributable reserves | 133 | €12,751 | €42,360 | +€29,609 | +232.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,616 | €41,532 | +€22,916 | +123.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,616 | €41,532 | +€22,916 | +123.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,666 | €14,838 | +€11,172 | +304.8% |
| Suppliers | 440/4 | €3,666 | €14,838 | +€11,172 | +304.8% |
| Taxes, remuneration and social security | 45 | €0 | €13,942 | +€13,942 | |
| Taxes | 450/3 | €0 | €13,942 | +€13,942 | |
| Other amounts payable | 47/48 | €14,950 | €12,751 | -€2,199 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €746 | €11,256 | +€10,510 | +1409.8% |
| Other operating charges | 640/8 | €1,796 | €1,392 | -€404 | -22.5% |
| Gross operating margin | 9900 | €21,571 | €76,111 | +€54,540 | +252.8% |
| Operating profit (loss) | 9901 | €19,029 | €63,463 | +€44,434 | +233.5% |
| Financial income | 75/76B | €1,035 | €842 | -€193 | -18.6% |
| Recurring financial income | 75 | €1,035 | €842 | -€193 | -18.6% |
| Financial charges | 65/66B | €834 | €244 | -€591 | -70.8% |
| Recurring financial charges | 65 | €834 | €244 | -€591 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €19,229 | €64,061 | +€44,832 | +233.1% |
| Income taxes | 67/77 | €4,258 | €21,701 | +€17,444 | +409.7% |
| Profit (loss) for the period | 9904 | €14,972 | €42,360 | +€27,388 | +182.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,972 | €42,360 | +€27,388 | +182.9% |
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.