RTS: 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.
RTS
Largest movements
- Intangible fixed assets -€3,000
down €3,000 (-11.8%), from €25,500 to €22,500
- Cash -€2,760
down €2,760 (-19.4%), from €14,228 to €11,469
mainly Tax, wage and social debts (-€39,695) and Stocks and contracts (-€318)
- Tax, wage and social debts -€39,695
down €39,695 (-83.1%), from €47,744 to €8,049
of which Remuneration and social security: -€43,214
- Reserves +€29,384
new in 2025: €29,384
- Trade debts +€8,262
up €8,262 (+163.7%), from €5,046 to €13,308
- Profit (loss) carried forward -€3,622
no longer reported in 2025 (was €3,622)
- Staff costs -€24,851
down €24,851 (-37.1%), from €67,020 to €42,169
- Taxes +€4,652
up €4,652 (+267.5%), from €1,739 to €6,391
- Depreciation -€1,500
down €1,500 (-33.3%), from €4,500 to €3,000
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 | €66,412 | €60,742 | -€5,670 | -8.5% |
| Fixed assets | 21/28 | €28,040 | €25,040 | -€3,000 | -10.7% |
| Intangible fixed assets | 21 | €25,500 | €22,500 | -€3,000 | -11.8% |
| Financial fixed assets | 28 | €2,540 | €2,540 | = | 0.0% |
| Current assets | 29/58 | €38,372 | €35,702 | -€2,670 | -7.0% |
| Stocks and contracts in progress | 3 | €20,132 | €20,450 | +€318 | +1.6% |
| Stocks | 30/36 | €20,132 | €20,450 | +€318 | +1.6% |
| Amounts receivable within one year | 40/41 | €4,012 | €3,783 | -€229 | -5.7% |
| Trade receivables | 40 | €1,244 | €384 | -€860 | -69.1% |
| Other amounts receivable | 41 | €2,767 | €3,399 | +€631 | +22.8% |
| Cash at bank and in hand | 54/58 | €14,228 | €11,469 | -€2,760 | -19.4% |
| Total equity and liabilities | 10/49 | €66,412 | €60,742 | -€5,670 | -8.5% |
| Equity | 10/15 | €13,622 | €39,384 | +€25,762 | +189.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €29,384 | +€29,384 | |
| Distributable reserves | 133 | - | €29,384 | +€29,384 | |
| Profit (loss) carried forward | 14 | €3,622 | - | -€3,622 | |
| Amounts payable | 17/49 | €52,790 | €21,357 | -€31,433 | -59.5% |
| Amounts payable within one year | 42/48 | €52,790 | €21,357 | -€31,433 | -59.5% |
| Trade debts | 44 | €5,046 | €13,308 | +€8,262 | +163.7% |
| Suppliers | 440/4 | €5,046 | €13,308 | +€8,262 | +163.7% |
| Taxes, remuneration and social security | 45 | €47,744 | €8,049 | -€39,695 | -83.1% |
| Taxes | 450/3 | €3,723 | €7,243 | +€3,520 | +94.5% |
| Remuneration and social security | 454/9 | €44,021 | €807 | -€43,214 | -98.2% |
| Remuneration, social security and pensions | 62 | €67,020 | €42,169 | -€24,851 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Other operating charges | 640/8 | €3,036 | €2,281 | -€755 | -24.9% |
| Gross operating margin | 9900 | €85,633 | €85,502 | -€131 | -0.2% |
| Operating profit (loss) | 9901 | €11,078 | €38,053 | +€26,975 | +243.5% |
| Financial income | 75/76B | €17 | €145 | +€128 | +746.9% |
| Recurring financial income | 75 | €17 | €145 | +€128 | +746.9% |
| Financial charges | 65/66B | €5,734 | €6,045 | +€311 | +5.4% |
| Recurring financial charges | 65 | €5,734 | €6,045 | +€311 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €5,361 | €32,154 | +€26,793 | +499.8% |
| Income taxes | 67/77 | €1,739 | €6,391 | +€4,652 | +267.5% |
| Profit (loss) for the period | 9904 | €3,622 | €25,762 | +€22,141 | +611.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,622 | €25,762 | +€22,141 | +611.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.