R-TECH: what changed
What changed
R-TECH
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€1,947
2024 · -€32,708+€34,655
Equity
€8,932
2024 · -€3,996+€12,928
Cash
€1,427
2024 · €2,540-€1,112
Balance sheet total
€462,579
2024 · €294,314+€168,266
Largest movements
Assets
- Stocks and contracts +€130,887
up €130,887 (+105%), from €124,137 to €255,024
- Intangible fixed assets +€21,961
new in 2025: €21,961
- Receivables within one year +€18,746
up €18,746 (+11.4%), from €164,721 to €183,467
of which Trade receivables: +€18,846
Equity and liabilities
- Other debts +€118,852
up €118,852 (+41.2%), from €288,429 to €407,281
- Tax, wage and social debts +€36,303
up €36,303 (+386%), from €9,407 to €45,710
- Investment grants +€10,980
new in 2025: €10,980
Income statement
- Gross operating margin +€47,102
up €47,102 (+350%), from €13,462 to €60,564
- Financial charges +€12,785
up €12,785 (+30.4%), from €42,070 to €54,855
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,708
Gross operating margin
+€47,102
Depreciation
+€74
Other operating charges
+€18
Financial income
+€258
Financial charges
-€12,785
Taxes
-€12
Result 2025
€1,947
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,385
Investment
-€22,478
Financing
+€10,980
Cash 2024
€2,540
From operations (derived)
+€10,385
Net result for the year
+€1,947
Depreciation
+€2,582
Stocks and contracts
-€130,887
Receivables within one year
-€18,746
Smaller working-capital items
+€333
Tax, wage and social debts
+€36,303
Other debts
+€118,852
Investment (derived)
-€22,478
Investment in fixed assets (net)
-€22,478
Financing
+€10,980
Contributions, distributions and other
+€10,980
Cash 2025
€1,427
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,314 | €462,579 | +€168,266 | +57.2% |
| Fixed assets | 21/28 | €2,065 | €21,961 | +€19,896 | +963% |
| Intangible fixed assets | 21 | - | €21,961 | +€21,961 | |
| Tangible fixed assets | 22/27 | €2,065 | €0 | -€2,065 | -100% |
| Furniture and vehicles | 24 | €2,065 | €0 | -€2,065 | -100% |
| Current assets | 29/58 | €292,249 | €440,619 | +€148,370 | +50.8% |
| Stocks and contracts in progress | 3 | €124,137 | €255,024 | +€130,887 | +105% |
| Stocks | 30/36 | €124,137 | €255,024 | +€130,887 | +105% |
| Amounts receivable within one year | 40/41 | €164,721 | €183,467 | +€18,746 | +11.4% |
| Trade receivables | 40 | €164,541 | €183,387 | +€18,846 | +11.5% |
| Other amounts receivable | 41 | €180 | €79 | -€100 | -55.8% |
| Cash at bank and in hand | 54/58 | €2,540 | €1,427 | -€1,112 | -43.8% |
| Deferred charges and accrued income | 490/1 | €851 | €701 | -€150 | -17.6% |
| Total equity and liabilities | 10/49 | €294,314 | €462,579 | +€168,266 | +57.2% |
| Equity | 10/15 | -€3,996 | €8,932 | +€12,928 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,056 | €54,056 | = | 0.0% |
| Distributable reserves | 133 | €54,056 | €54,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,052 | -€66,104 | +€1,947 | +2.9% |
| Investment grants | 15 | - | €10,980 | +€10,980 | |
| Amounts payable | 17/49 | €298,310 | €453,648 | +€155,338 | +52.1% |
| Amounts payable within one year | 42/48 | €298,310 | €453,648 | +€155,338 | +52.1% |
| Trade debts | 44 | €474 | €657 | +€183 | +38.6% |
| Suppliers | 440/4 | €474 | €657 | +€183 | +38.6% |
| Taxes, remuneration and social security | 45 | €9,407 | €45,710 | +€36,303 | +386% |
| Taxes | 450/3 | €9,407 | €45,710 | +€36,303 | +386% |
| Other amounts payable | 47/48 | €288,429 | €407,281 | +€118,852 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,657 | €2,582 | -€74 | -2.8% |
| Other operating charges | 640/8 | €1,240 | €1,222 | -€18 | -1.5% |
| Gross operating margin | 9900 | €13,462 | €60,564 | +€47,102 | +350% |
| Operating profit (loss) | 9901 | €9,565 | €56,760 | +€47,195 | +493% |
| Financial income | 75/76B | €0 | €259 | +€258 | +56,128% |
| Recurring financial income | 75 | €0 | €259 | +€258 | +56,128% |
| Financial charges | 65/66B | €42,070 | €54,855 | +€12,785 | +30.4% |
| Recurring financial charges | 65 | €42,070 | €54,855 | +€12,785 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,504 | €2,164 | +€34,668 | |
| Income taxes | 67/77 | €204 | €216 | +€12 | +5.9% |
| Profit (loss) for the period | 9904 | -€32,708 | €1,947 | +€34,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,708 | €1,947 | +€34,655 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.