C - RIX: 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.
C - RIX
Largest movements
- Receivables within one year +€354,691
up €354,691 (+226%), from €157,017 to €511,708
of which Other amounts receivable: +€337,893
- Tangible fixed assets +€117,647
up €117,647 (+9.7%), from €1.2m to €1.3m
of which Land and buildings: +€198,439
- Financial fixed assets -€82,425
down €82,425 (-45.1%), from €182,825 to €100,400
- Cash -€27,153
down €27,153 (-18.3%), from €148,291 to €121,138
mainly Receivables within one year (-€354,691) and Investment in fixed assets (net) (-€265,813)
- Reserves +€272,286
up €272,286 (+52.7%), from €516,832 to €789,118
of which Distributable reserves: +€272,286
- Other debts +€79,409
up €79,409 (+109%), from €72,727 to €152,137
- Financial income +€181,406
up €181,406 (+12,219%), from €1,485 to €182,891
of which Non-recurring financial income: +€182,887
- Staff costs +€43,350
up €43,350 (+13.7%), from €315,323 to €358,673
- Depreciation +€25,463
up €25,463 (+12.1%), from €211,303 to €236,766
- Taxes -€20,856
down €20,856 (-48.7%), from €42,856 to €22,000
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.
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 | €1,784,830 | €2,142,169 | +€357,339 | +20.0% |
| Fixed assets | 21/28 | €1,415,960 | €1,445,007 | +€29,047 | +2.1% |
| Intangible fixed assets | 21 | €17,431 | €11,256 | -€6,175 | -35.4% |
| Tangible fixed assets | 22/27 | €1,215,705 | €1,333,351 | +€117,647 | +9.7% |
| Land and buildings | 22 | €801,752 | €1,000,191 | +€198,439 | +24.8% |
| Plant, machinery and equipment | 23 | €140,642 | €112,032 | -€28,610 | -20.3% |
| Furniture and vehicles | 24 | €2,179 | €9,596 | +€7,417 | +340% |
| Leasing and similar rights | 25 | €271,131 | €211,531 | -€59,600 | -22.0% |
| Financial fixed assets | 28 | €182,825 | €100,400 | -€82,425 | -45.1% |
| Current assets | 29/58 | €368,870 | €697,162 | +€328,292 | +89.0% |
| Stocks and contracts in progress | 3 | €49,611 | €49,611 | = | 0.0% |
| Stocks | 30/36 | €49,611 | €49,611 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,017 | €511,708 | +€354,691 | +226% |
| Trade receivables | 40 | €49,460 | €66,258 | +€16,798 | +34.0% |
| Other amounts receivable | 41 | €107,557 | €445,450 | +€337,893 | +314% |
| Cash at bank and in hand | 54/58 | €148,291 | €121,138 | -€27,153 | -18.3% |
| Deferred charges and accrued income | 490/1 | €13,950 | €14,705 | +€754 | +5.4% |
| Total equity and liabilities | 10/49 | €1,784,830 | €2,142,169 | +€357,339 | +20.0% |
| Equity | 10/15 | €578,832 | €851,118 | +€272,286 | +47.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €516,832 | €789,118 | +€272,286 | +52.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €510,632 | €782,918 | +€272,286 | +53.3% |
| Amounts payable | 17/49 | €1,205,998 | €1,291,051 | +€85,053 | +7.1% |
| Amounts payable after more than one year | 17 | €780,090 | €790,231 | +€10,141 | +1.3% |
| Financial debts | 170/4 | €780,090 | €790,231 | +€10,141 | +1.3% |
| Amounts payable within one year | 42/48 | €424,763 | €499,021 | +€74,259 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €177,976 | €188,270 | +€10,294 | +5.8% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €91,746 | €85,628 | -€6,118 | -6.7% |
| Suppliers | 440/4 | €91,746 | €85,628 | -€6,118 | -6.7% |
| Taxes, remuneration and social security | 45 | €72,313 | €62,987 | -€9,326 | -12.9% |
| Taxes | 450/3 | €15,271 | €6,274 | -€8,996 | -58.9% |
| Remuneration and social security | 454/9 | €57,042 | €56,712 | -€330 | -0.6% |
| Other amounts payable | 47/48 | €72,727 | €152,137 | +€79,409 | +109% |
| Accrued charges and deferred income | 492/3 | €1,145 | €1,799 | +€653 | +57.1% |
| Remuneration, social security and pensions | 62 | €315,323 | €358,673 | +€43,350 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,303 | €236,766 | +€25,463 | +12.1% |
| Other operating charges | 640/8 | €37,198 | €37,205 | +€7 | 0.0% |
| Gross operating margin | 9900 | €779,742 | €776,087 | -€3,655 | -0.5% |
| Operating profit (loss) | 9901 | €215,917 | €143,442 | -€72,475 | -33.6% |
| Financial income | 75/76B | €1,485 | €182,891 | +€181,406 | +12,219% |
| Recurring financial income | 75 | €1,485 | €3 | -€1,481 | -99.8% |
| Non-recurring financial income | 76B | - | €182,887 | +€182,887 | |
| Financial charges | 65/66B | €24,330 | €32,047 | +€7,716 | +31.7% |
| Recurring financial charges | 65 | €24,330 | €32,047 | +€7,716 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €193,072 | €294,286 | +€101,215 | +52.4% |
| Income taxes | 67/77 | €42,856 | €22,000 | -€20,856 | -48.7% |
| Profit (loss) for the period | 9904 | €150,216 | €272,286 | +€122,071 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,216 | €272,286 | +€122,071 | +81.3% |
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 24 October 2026 via checked.be.