RTWR: 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.
RTWR
Largest movements
- Tangible fixed assets -€13,175
down €13,175 (-25.0%), from €52,785 to €39,610
of which Furniture and vehicles: -€16,055
- Cash -€12,680
down €12,680 (-60.2%), from €21,078 to €8,398
mainly Receivables within one year (-€12,223) and Debts after one year (-€10,544)
- Receivables within one year +€12,223
up €12,223 (+21.9%), from €55,810 to €68,033
of which Trade receivables: +€15,420
- Debts after one year -€10,544
down €10,544 (-75.8%), from €13,915 to €3,371
- Other debts -€4,443
down €4,443 (-16.7%), from €26,578 to €22,135
- Current portion of long-term debt -€3,542
down €3,542 (-25.8%), from €13,722 to €10,180
- Tax, wage and social debts +€3,470
up €3,470 (+26.3%), from €13,175 to €16,645
of which Taxes: +€1,970
- Profit (loss) carried forward +€2,483
up €2,483 (+7.2%), from €34,534 to €37,017
- Turnover -€446,758
no longer reported in 2025 (was €446,758)
- Purchases and services -€414,763
no longer reported in 2025 (was €414,763)
- Gross operating margin -€11,881
down €11,881 (-33.5%), from €35,418 to €23,537
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 | €130,890 | €117,733 | -€13,157 | -10.1% |
| Fixed assets | 21/28 | €53,445 | €40,270 | -€13,175 | -24.7% |
| Tangible fixed assets | 22/27 | €52,785 | €39,610 | -€13,175 | -25.0% |
| Plant, machinery and equipment | 23 | €471 | - | -€471 | |
| Furniture and vehicles | 24 | €52,314 | €36,259 | -€16,055 | -30.7% |
| Leasing and similar rights | 25 | - | €3,351 | +€3,351 | |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €77,445 | €77,463 | +€17 | 0.0% |
| Amounts receivable within one year | 40/41 | €55,810 | €68,033 | +€12,223 | +21.9% |
| Trade receivables | 40 | €39,712 | €55,132 | +€15,420 | +38.8% |
| Other amounts receivable | 41 | €16,098 | €12,901 | -€3,197 | -19.9% |
| Cash at bank and in hand | 54/58 | €21,078 | €8,398 | -€12,680 | -60.2% |
| Deferred charges and accrued income | 490/1 | €557 | €1,031 | +€474 | +85.1% |
| Total equity and liabilities | 10/49 | €130,890 | €117,733 | -€13,157 | -10.1% |
| Equity | 10/15 | €61,894 | €64,377 | +€2,483 | +4.0% |
| Reserves | 13 | €27,360 | €27,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,534 | €37,017 | +€2,483 | +7.2% |
| Amounts payable | 17/49 | €68,996 | €53,356 | -€15,640 | -22.7% |
| Amounts payable after more than one year | 17 | €13,915 | €3,371 | -€10,544 | -75.8% |
| Financial debts | 170/4 | €13,915 | €3,371 | -€10,544 | -75.8% |
| Amounts payable within one year | 42/48 | €55,081 | €49,985 | -€5,096 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €13,722 | €10,180 | -€3,542 | -25.8% |
| Trade debts | 44 | €1,606 | €1,025 | -€581 | -36.2% |
| Suppliers | 440/4 | €1,606 | €1,025 | -€581 | -36.2% |
| Taxes, remuneration and social security | 45 | €13,175 | €16,645 | +€3,470 | +26.3% |
| Taxes | 450/3 | €6,975 | €8,945 | +€1,970 | +28.2% |
| Remuneration and social security | 454/9 | €6,200 | €7,700 | +€1,500 | +24.2% |
| Other amounts payable | 47/48 | €26,578 | €22,135 | -€4,443 | -16.7% |
| Turnover | 70 | €446,758 | - | -€446,758 | |
| Goods, raw materials, services and sundry goods | 60/61 | €414,763 | - | -€414,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,065 | €17,307 | +€243 | +1.4% |
| Other operating charges | 640/8 | €2,596 | €2,652 | +€56 | +2.2% |
| Gross operating margin | 9900 | €35,418 | €23,537 | -€11,881 | -33.5% |
| Operating profit (loss) | 9901 | €15,758 | €3,578 | -€12,180 | -77.3% |
| Financial income | 75/76B | €5 | €43 | +€38 | +850% |
| Recurring financial income | 75 | €5 | €43 | +€38 | +850% |
| Financial charges | 65/66B | €2,187 | €1,138 | -€1,049 | -48.0% |
| Recurring financial charges | 65 | €2,187 | €1,138 | -€1,049 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €13,576 | €2,483 | -€11,092 | -81.7% |
| Income taxes | 67/77 | €3,376 | - | -€3,376 | |
| Profit (loss) for the period | 9904 | €10,200 | €2,483 | -€7,717 | -75.7% |
| Transfer to tax-exempt reserves | 689 | €8,000 | - | -€8,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,200 | €2,483 | +€283 | +12.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.