RT MANAGEMENT: 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.
RT MANAGEMENT
Largest movements
- Tangible fixed assets +€190,566
up €190,566 (+30.0%), from €634,234 to €824,800
of which Land and buildings: +€185,672
- Cash -€76,184
down €76,184 (-90.4%), from €84,259 to €8,075
mainly Investment in fixed assets (net) (-€217,897) and Deferred charges and accrued income (-€75,350)
- Deferred charges and accrued income +€75,350
up €75,350 (+3,634%), from €2,074 to €77,424
- Receivables after one year +€63,350
new in 2025: €63,350
- Receivables within one year +€16,430
up €16,430 (+28.3%), from €57,974 to €74,404
of which Trade receivables: +€12,481
- Debts after one year +€158,083
up €158,083 (+50.0%), from €316,451 to €474,534
- Profit (loss) carried forward +€136,758
up €136,758 (+33.7%), from €405,878 to €542,637
- Other debts -€30,653
down €30,653 (-95.3%), from €32,153 to €1,500
- Trade debts -€28,808
down €28,808 (-93.4%), from €30,835 to €2,028
- Advances received +€20,000
new in 2025: €20,000
- Gross operating margin +€13,193
up €13,193 (+8.9%), from €148,282 to €161,475
- Financial income +€8,956
up €8,956 (+19.9%), from €44,917 to €53,873
- Other operating charges +€8,174
up €8,174 (+157%), from €5,223 to €13,397
- Financial charges +€6,553
up €6,553 (+122%), from €5,380 to €11,933
- Depreciation +€5,304
up €5,304 (+25.5%), from €20,827 to €26,132
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 | €866,021 | €1,136,733 | +€270,712 | +31.3% |
| Fixed assets | 21/28 | €721,714 | €913,480 | +€191,766 | +26.6% |
| Tangible fixed assets | 22/27 | €634,234 | €824,800 | +€190,566 | +30.0% |
| Land and buildings | 22 | €533,002 | €718,674 | +€185,672 | +34.8% |
| Plant, machinery and equipment | 23 | €94,095 | €96,411 | +€2,315 | +2.5% |
| Furniture and vehicles | 24 | €1,437 | €4,015 | +€2,578 | +179% |
| Other tangible fixed assets | 26 | €5,700 | €5,700 | = | 0.0% |
| Financial fixed assets | 28 | €87,480 | €88,680 | +€1,200 | +1.4% |
| Current assets | 29/58 | €144,307 | €223,253 | +€78,946 | +54.7% |
| Amounts receivable after more than one year | 29 | - | €63,350 | +€63,350 | |
| Trade receivables | 290 | - | €63,350 | +€63,350 | |
| Amounts receivable within one year | 40/41 | €57,974 | €74,404 | +€16,430 | +28.3% |
| Trade receivables | 40 | €55,041 | €67,522 | +€12,481 | +22.7% |
| Other amounts receivable | 41 | €2,933 | €6,882 | +€3,949 | +135% |
| Cash at bank and in hand | 54/58 | €84,259 | €8,075 | -€76,184 | -90.4% |
| Deferred charges and accrued income | 490/1 | €2,074 | €77,424 | +€75,350 | +3,634% |
| Total equity and liabilities | 10/49 | €866,021 | €1,136,733 | +€270,712 | +31.3% |
| Equity | 10/15 | €408,878 | €545,637 | +€136,758 | +33.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €405,878 | €542,637 | +€136,758 | +33.7% |
| Amounts payable | 17/49 | €457,143 | €591,096 | +€133,953 | +29.3% |
| Amounts payable after more than one year | 17 | €316,451 | €474,534 | +€158,083 | +50.0% |
| Financial debts | 170/4 | €316,451 | €474,534 | +€158,083 | +50.0% |
| Amounts payable within one year | 42/48 | €140,692 | €114,734 | -€25,958 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €40,641 | €46,831 | +€6,190 | +15.2% |
| Trade debts | 44 | €30,835 | €2,028 | -€28,808 | -93.4% |
| Suppliers | 440/4 | €30,835 | €2,028 | -€28,808 | -93.4% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €37,062 | €44,375 | +€7,313 | +19.7% |
| Taxes | 450/3 | €37,062 | €44,375 | +€7,313 | +19.7% |
| Other amounts payable | 47/48 | €32,153 | €1,500 | -€30,653 | -95.3% |
| Accrued charges and deferred income | 492/3 | - | €1,828 | +€1,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,827 | €26,132 | +€5,304 | +25.5% |
| Other operating charges | 640/8 | €5,223 | €13,397 | +€8,174 | +157% |
| Gross operating margin | 9900 | €148,282 | €161,475 | +€13,193 | +8.9% |
| Operating profit (loss) | 9901 | €122,232 | €121,946 | -€286 | -0.2% |
| Financial income | 75/76B | €44,917 | €53,873 | +€8,956 | +19.9% |
| Recurring financial income | 75 | €44,917 | €53,873 | +€8,956 | +19.9% |
| Financial charges | 65/66B | €5,380 | €11,933 | +€6,553 | +122% |
| Recurring financial charges | 65 | €5,380 | €11,933 | +€6,553 | +122% |
| Profit (loss) for the period before taxes | 9903 | €161,769 | €163,885 | +€2,117 | +1.3% |
| Income taxes | 67/77 | €26,147 | €27,127 | +€980 | +3.7% |
| Profit (loss) for the period | 9904 | €135,621 | €136,758 | +€1,137 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,621 | €136,758 | +€1,137 | +0.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.