Didier Rigaut: 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.
Didier Rigaut
Largest movements
- Cash +€50,909
up €50,909 (+12.0%), from €425,122 to €476,031
mainly Net result for the year (+€82,816) and Tax, wage and social debts (+€10,094)
- Reserves +€52,328
up €52,328 (+13.0%), from €403,551 to €455,880
- Other debts -€11,957
down €11,957 (-94.8%), from €12,616 to €658
- Tax, wage and social debts +€10,094
up €10,094 (+82.7%), from €12,212 to €22,306
of which Taxes: +€6,494
- Financial income +€12,717
up €12,717 (+160,361%), from €8 to €12,725
- Gross operating margin +€7,780
up €7,780 (+7.7%), from €100,597 to €108,377
- Taxes +€7,078
up €7,078 (+27.2%), from €26,033 to €33,112
- Depreciation -€2,707
down €2,707 (-46.4%), from €5,831 to €3,124
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 | €444,804 | €495,184 | +€50,380 | +11.3% |
| Fixed assets | 21/28 | €18,383 | €15,259 | -€3,124 | -17.0% |
| Tangible fixed assets | 22/27 | €13,033 | €9,909 | -€3,124 | -24.0% |
| Plant, machinery and equipment | 23 | €9,680 | €7,207 | -€2,473 | -25.6% |
| Furniture and vehicles | 24 | €3,353 | €2,702 | -€651 | -19.4% |
| Financial fixed assets | 28 | €5,350 | €5,350 | = | 0.0% |
| Current assets | 29/58 | €426,421 | €479,925 | +€53,504 | +12.5% |
| Cash at bank and in hand | 54/58 | €425,122 | €476,031 | +€50,909 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,299 | €3,894 | +€2,595 | +200% |
| Total equity and liabilities | 10/49 | €444,804 | €495,184 | +€50,380 | +11.3% |
| Equity | 10/15 | €419,151 | €471,480 | +€52,328 | +12.5% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €403,551 | €455,880 | +€52,328 | +13.0% |
| Distributable reserves | 133 | €403,551 | €455,880 | +€52,328 | +13.0% |
| Amounts payable | 17/49 | €25,653 | €23,705 | -€1,948 | -7.6% |
| Amounts payable within one year | 42/48 | €25,653 | €23,705 | -€1,948 | -7.6% |
| Trade debts | 44 | €826 | €741 | -€85 | -10.3% |
| Suppliers | 440/4 | €826 | €741 | -€85 | -10.3% |
| Taxes, remuneration and social security | 45 | €12,212 | €22,306 | +€10,094 | +82.7% |
| Taxes | 450/3 | €12,212 | €18,706 | +€6,494 | +53.2% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €12,616 | €658 | -€11,957 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,831 | €3,124 | -€2,707 | -46.4% |
| Other operating charges | 640/8 | €1,335 | €1,663 | +€328 | +24.6% |
| Gross operating margin | 9900 | €100,597 | €108,377 | +€7,780 | +7.7% |
| Operating profit (loss) | 9901 | €93,431 | €103,591 | +€10,160 | +10.9% |
| Financial income | 75/76B | €8 | €12,725 | +€12,717 | +160,361% |
| Recurring financial income | 75 | €8 | €12,725 | +€12,717 | +160,361% |
| Financial charges | 65/66B | €646 | €388 | -€259 | -40.0% |
| Recurring financial charges | 65 | €646 | €388 | -€259 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €92,793 | €115,928 | +€23,135 | +24.9% |
| Income taxes | 67/77 | €26,033 | €33,112 | +€7,078 | +27.2% |
| Profit (loss) for the period | 9904 | €66,759 | €82,816 | +€16,057 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,759 | €82,816 | +€16,057 | +24.1% |
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 20 October 2026 via checked.be.