R-Tech4: 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.
R-Tech4
Largest movements
- Receivables after one year +€47,967
up €47,967 (+55.5%), from €86,359 to €134,326
- Financial fixed assets +€37,500
up €37,500 (+17.4%), from €215,133 to €252,633
- Tangible fixed assets -€27,171
down €27,171 (-7.9%), from €345,429 to €318,258
of which Land and buildings: -€17,189
- Cash +€20,722
up €20,722 (+115%), from €18,034 to €38,756
mainly Net result for the year (+€80,722) and Tax, wage and social debts (+€33,289)
- Receivables within one year +€20,451
up €20,451 (+21.7%), from €94,262 to €114,714
of which Other amounts receivable: +€50,000
- Reserves +€80,722
up €80,722 (+45.4%), from €177,625 to €258,347
- Tax, wage and social debts +€33,289
up €33,289 (+55.3%), from €60,214 to €93,503
- Debts after one year -€17,466
down €17,466 (-7.5%), from €233,381 to €215,916
- Financial income +€1,937
up €1,937 (+41.0%), from €4,728 to €6,665
- Depreciation +€1,899
up €1,899 (+6.3%), from €30,101 to €32,000
- Taxes +€1,786
up €1,786 (+4.3%), from €41,124 to €42,909
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 | €789,203 | €890,479 | +€101,276 | +12.8% |
| Fixed assets | 21/28 | €575,674 | €582,749 | +€7,075 | +1.2% |
| Intangible fixed assets | 21 | €15,113 | €11,859 | -€3,254 | -21.5% |
| Tangible fixed assets | 22/27 | €345,429 | €318,258 | -€27,171 | -7.9% |
| Land and buildings | 22 | €251,791 | €234,603 | -€17,189 | -6.8% |
| Furniture and vehicles | 24 | €10,594 | €7,532 | -€3,062 | -28.9% |
| Other tangible fixed assets | 26 | €83,043 | €76,123 | -€6,920 | -8.3% |
| Financial fixed assets | 28 | €215,133 | €252,633 | +€37,500 | +17.4% |
| Current assets | 29/58 | €213,530 | €307,730 | +€94,200 | +44.1% |
| Amounts receivable after more than one year | 29 | €86,359 | €134,326 | +€47,967 | +55.5% |
| Other amounts receivable | 291 | €86,359 | €134,326 | +€47,967 | +55.5% |
| Amounts receivable within one year | 40/41 | €94,262 | €114,714 | +€20,451 | +21.7% |
| Trade receivables | 40 | €94,262 | €64,714 | -€29,549 | -31.3% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Current investments | 50/53 | €9,654 | €9,654 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,034 | €38,756 | +€20,722 | +115% |
| Deferred charges and accrued income | 490/1 | €5,220 | €10,280 | +€5,060 | +96.9% |
| Total equity and liabilities | 10/49 | €789,203 | €890,479 | +€101,276 | +12.8% |
| Equity | 10/15 | €473,354 | €554,076 | +€80,722 | +17.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €177,625 | €258,347 | +€80,722 | +45.4% |
| Distributable reserves | 133 | €177,625 | €258,347 | +€80,722 | +45.4% |
| Profit (loss) carried forward | 14 | €260,729 | €260,729 | = | 0.0% |
| Amounts payable | 17/49 | €315,849 | €336,403 | +€20,554 | +6.5% |
| Amounts payable after more than one year | 17 | €233,381 | €215,916 | -€17,466 | -7.5% |
| Financial debts | 170/4 | €233,381 | €215,916 | -€17,466 | -7.5% |
| Amounts payable within one year | 42/48 | €82,126 | €120,488 | +€38,361 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | €18,319 | €18,661 | +€342 | +1.9% |
| Financial debts | 43 | - | €163 | +€163 | |
| Credit institutions | 430/8 | - | €163 | +€163 | |
| Trade debts | 44 | €344 | €2,035 | +€1,691 | +492% |
| Suppliers | 440/4 | €344 | €2,035 | +€1,691 | +492% |
| Taxes, remuneration and social security | 45 | €60,214 | €93,503 | +€33,289 | +55.3% |
| Taxes | 450/3 | €60,214 | €93,503 | +€33,289 | +55.3% |
| Other amounts payable | 47/48 | €3,249 | €6,125 | +€2,876 | +88.5% |
| Accrued charges and deferred income | 492/3 | €342 | - | -€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,101 | €32,000 | +€1,899 | +6.3% |
| Other operating charges | 640/8 | €2,441 | €2,514 | +€74 | +3.0% |
| Non-recurring operating charges | 66A | €7 | - | -€7 | |
| Gross operating margin | 9900 | €156,688 | €155,969 | -€719 | -0.5% |
| Operating profit (loss) | 9901 | €124,139 | €121,455 | -€2,684 | -2.2% |
| Financial income | 75/76B | €4,728 | €6,665 | +€1,937 | +41.0% |
| Recurring financial income | 75 | €4,728 | €6,665 | +€1,937 | +41.0% |
| Financial charges | 65/66B | €5,113 | €4,489 | -€625 | -12.2% |
| Recurring financial charges | 65 | €5,113 | €4,489 | -€625 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €123,753 | €123,631 | -€122 | -0.1% |
| Income taxes | 67/77 | €41,124 | €42,909 | +€1,786 | +4.3% |
| Profit (loss) for the period | 9904 | €82,630 | €80,722 | -€1,908 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,630 | €80,722 | -€1,908 | -2.3% |
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 23 October 2026 via checked.be.