DR. RIFFI: 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.
DR. RIFFI
Largest movements
- Cash +€122,200
up €122,200 (+20.2%), from €604,433 to €726,633
mainly Net result for the year (+€253,622) and Short-term financial debts (+€81,994)
- Tangible fixed assets +€51,211
up €51,211 (+16.0%), from €320,506 to €371,717
of which Other tangible fixed assets: +€62,191
- Reserves +€134,398
up €134,398 (+17.9%), from €751,901 to €886,299
- Short-term financial debts +€81,994
new in 2025: €81,994
- Tax, wage and social debts -€59,487
down €59,487 (-86.6%), from €68,716 to €9,229
of which Taxes: -€57,472
- Debts after one year -€11,547
down €11,547 (-48.3%), from €23,890 to €12,344
- Gross operating margin -€51,887
down €51,887 (-10.7%), from €483,192 to €431,305
- Taxes -€22,472
down €22,472 (-16.1%), from €139,247 to €116,775
- Depreciation +€13,566
up €13,566 (+38.4%), from €35,322 to €48,889
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 | €945,039 | €1,108,439 | +€163,400 | +17.3% |
| Fixed assets | 21/28 | €320,506 | €371,717 | +€51,211 | +16.0% |
| Tangible fixed assets | 22/27 | €320,506 | €371,717 | +€51,211 | +16.0% |
| Land and buildings | 22 | €51,810 | €44,325 | -€7,484 | -14.4% |
| Plant, machinery and equipment | 23 | €4,953 | €3,685 | -€1,268 | -25.6% |
| Furniture and vehicles | 24 | €7,709 | €9,934 | +€2,225 | +28.9% |
| Leasing and similar rights | 25 | €15,457 | €11,004 | -€4,453 | -28.8% |
| Other tangible fixed assets | 26 | €240,578 | €302,769 | +€62,191 | +25.9% |
| Current assets | 29/58 | €624,533 | €736,722 | +€112,189 | +18.0% |
| Amounts receivable within one year | 40/41 | €9,283 | €2,547 | -€6,736 | -72.6% |
| Other amounts receivable | 41 | €9,283 | €2,547 | -€6,736 | -72.6% |
| Cash at bank and in hand | 54/58 | €604,433 | €726,633 | +€122,200 | +20.2% |
| Deferred charges and accrued income | 490/1 | €10,817 | €7,542 | -€3,275 | -30.3% |
| Total equity and liabilities | 10/49 | €945,039 | €1,108,439 | +€163,400 | +17.3% |
| Equity | 10/15 | €764,301 | €898,699 | +€134,398 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €751,901 | €886,299 | +€134,398 | +17.9% |
| Distributable reserves | 133 | €751,901 | €886,299 | +€134,398 | +17.9% |
| Amounts payable | 17/49 | €180,738 | €209,740 | +€29,002 | +16.0% |
| Amounts payable after more than one year | 17 | €23,890 | €12,344 | -€11,547 | -48.3% |
| Financial debts | 170/4 | €23,890 | €12,344 | -€11,547 | -48.3% |
| Amounts payable within one year | 42/48 | €88,477 | €124,447 | +€35,969 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €10,829 | €11,708 | +€880 | +8.1% |
| Financial debts | 43 | - | €81,994 | +€81,994 | |
| Credit institutions | 430/8 | - | €81,994 | +€81,994 | |
| Trade debts | 44 | €8,933 | €14,092 | +€5,160 | +57.8% |
| Suppliers | 440/4 | €8,933 | €14,092 | +€5,160 | +57.8% |
| Taxes, remuneration and social security | 45 | €68,716 | €9,229 | -€59,487 | -86.6% |
| Taxes | 450/3 | €64,247 | €6,775 | -€57,472 | -89.5% |
| Remuneration and social security | 454/9 | €4,469 | €2,454 | -€2,015 | -45.1% |
| Other amounts payable | 47/48 | - | €7,423 | +€7,423 | |
| Accrued charges and deferred income | 492/3 | €68,370 | €72,950 | +€4,580 | +6.7% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €5,450 | €702 | -€4,749 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,322 | €48,889 | +€13,566 | +38.4% |
| Other operating charges | 640/8 | €5,115 | €8,025 | +€2,911 | +56.9% |
| Gross operating margin | 9900 | €483,192 | €431,305 | -€51,887 | -10.7% |
| Operating profit (loss) | 9901 | €437,305 | €373,689 | -€63,616 | -14.5% |
| Financial income | 75/76B | €2,989 | €214 | -€2,775 | -92.8% |
| Recurring financial income | 75 | €2,989 | €214 | -€2,775 | -92.8% |
| Financial charges | 65/66B | €4,358 | €3,506 | -€852 | -19.6% |
| Recurring financial charges | 65 | €4,358 | €3,506 | -€852 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €435,935 | €370,397 | -€65,538 | -15.0% |
| Income taxes | 67/77 | €139,247 | €116,775 | -€22,472 | -16.1% |
| Profit (loss) for the period | 9904 | €296,688 | €253,622 | -€43,066 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €296,688 | €253,622 | -€43,066 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.