GROUP RIEM: 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.
What changed
GROUP RIEM
NACE 46.442, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €986,074+€26,384
Equity
€4.0m
2024 · €3.6m+€409,725
Cash
€123,259
2024 · €246,233-€122,974
Balance sheet total
€5.4m
2024 · €5.2m+€231,412
Largest movements
Assets
- Receivables within one year +€244,881
up €244,881 (+34.3%), from €714,552 to €959,433
of which Trade receivables: +€248,106
- Tangible fixed assets +€200,328
up €200,328 (+11.5%), from €1.7m to €1.9m
of which Furniture and vehicles: +€123,307
- Cash -€122,974
down €122,974 (-49.9%), from €246,233 to €123,259
mainly Contributions, distributions and other (-€602,733) and Investment in fixed assets (net) (-€368,760)
- Current investments -€99,665
down €99,665 (-7.1%), from €1.4m to €1.3m
Equity and liabilities
- Reserves +€461,648
up €461,648 (+17.8%), from €2.6m to €3.1m
of which Distributable reserves: +€461,648
Income statement
- Gross operating margin +€207,093
up €207,093 (+7.5%), from €2.7m to €3.0m
- Staff costs +€112,836
up €112,836 (+8.4%), from €1.3m to €1.5m
- Provisions +€50,000
up €50,000, from -€50,000 to €0
- Other operating charges -€45,305
down €45,305 (-63.2%), from €71,647 to €26,341
- Depreciation +€44,280
up €44,280 (+34.6%), from €128,042 to €172,322
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.
Result 2024
€986,074
Gross operating margin
+€207,093
Staff costs
-€112,836
Depreciation
-€44,280
Write-downs
+€696
Provisions
-€50,000
Other operating charges
+€45,305
Other operating items
+€562
Financial income
-€17,721
Financial charges
-€4,189
Taxes
+€1,754
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€796,361
Investment
-€269,095
Financing
-€650,241
Cash 2024
€246,233
From operations (derived)
+€796,361
Net result for the year
+€1.0m
Depreciation
+€172,322
Stocks and contracts
-€8,432
Receivables within one year
-€244,881
Deferred charges and accrued income
-€4,301
Trade debts
-€40,115
Tax, wage and social debts
-€39,476
Accrued charges and deferred income
-€51,213
Investment (derived)
-€269,095
Investment in fixed assets (net)
-€368,760
Current investments
+€99,665
Financing
-€650,241
Debts after one year
-€48,723
Current portion of long-term debt
+€1,215
Contributions, distributions and other
-€602,733
Cash 2025
€123,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,156,844 | €5,388,256 | +€231,412 | +4.5% |
| Fixed assets | 21/28 | €1,758,533 | €1,954,971 | +€196,438 | +11.2% |
| Intangible fixed assets | 21 | €17,175 | €11,185 | -€5,990 | -34.9% |
| Tangible fixed assets | 22/27 | €1,739,858 | €1,940,186 | +€200,328 | +11.5% |
| Land and buildings | 22 | €1,450,793 | €1,430,940 | -€19,853 | -1.4% |
| Plant, machinery and equipment | 23 | €152,453 | €245,033 | +€92,580 | +60.7% |
| Furniture and vehicles | 24 | €97,406 | €220,713 | +€123,307 | +127% |
| Assets under construction and advance payments | 27 | €39,207 | €43,500 | +€4,293 | +11.0% |
| Financial fixed assets | 28 | €1,500 | €3,600 | +€2,100 | +140% |
| Current assets | 29/58 | €3,398,311 | €3,433,285 | +€34,974 | +1.0% |
| Stocks and contracts in progress | 3 | €1,038,484 | €1,046,916 | +€8,432 | +0.8% |
| Stocks | 30/36 | €1,038,484 | €1,046,916 | +€8,432 | +0.8% |
| Amounts receivable within one year | 40/41 | €714,552 | €959,433 | +€244,881 | +34.3% |
| Trade receivables | 40 | €553,881 | €801,987 | +€248,106 | +44.8% |
| Other amounts receivable | 41 | €160,671 | €157,446 | -€3,225 | -2.0% |
| Current investments | 50/53 | €1,395,580 | €1,295,915 | -€99,665 | -7.1% |
| Cash at bank and in hand | 54/58 | €246,233 | €123,259 | -€122,974 | -49.9% |
| Deferred charges and accrued income | 490/1 | €3,462 | €7,763 | +€4,301 | +124% |
| Total equity and liabilities | 10/49 | €5,156,844 | €5,388,256 | +€231,412 | +4.5% |
| Equity | 10/15 | €3,614,007 | €4,023,732 | +€409,725 | +11.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €987,573 | €938,383 | -€49,190 | -5.0% |
| Reserves | 13 | €2,600,384 | €3,062,032 | +€461,648 | +17.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €2,598,484 | €3,060,132 | +€461,648 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €7,050 | €4,317 | -€2,733 | -38.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €1,542,837 | €1,364,524 | -€178,313 | -11.6% |
| Amounts payable after more than one year | 17 | €681,408 | €632,685 | -€48,723 | -7.2% |
| Financial debts | 170/4 | €681,408 | €609,300 | -€72,108 | -10.6% |
| Other amounts payable | 178/9 | - | €23,385 | +€23,385 | |
| Amounts payable within one year | 42/48 | €661,772 | €583,395 | -€78,377 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €70,893 | €72,108 | +€1,215 | +1.7% |
| Trade debts | 44 | €386,714 | €346,598 | -€40,115 | -10.4% |
| Suppliers | 440/4 | €386,714 | €346,598 | -€40,115 | -10.4% |
| Taxes, remuneration and social security | 45 | €204,165 | €164,688 | -€39,476 | -19.3% |
| Taxes | 450/3 | €6,313 | €9,895 | +€3,581 | +56.7% |
| Remuneration and social security | 454/9 | €197,852 | €154,794 | -€43,058 | -21.8% |
| Accrued charges and deferred income | 492/3 | €199,657 | €148,444 | -€51,213 | -25.7% |
| Non-recurring operating income | 76A | €3,789 | €1,206 | -€2,583 | -68.2% |
| Remuneration, social security and pensions | 62 | €1,343,459 | €1,456,295 | +€112,836 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,042 | €172,322 | +€44,280 | +34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,096 | €400 | -€696 | -63.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | €0 | +€50,000 | |
| Other operating charges | 640/8 | €71,647 | €26,341 | -€45,305 | -63.2% |
| Non-recurring operating charges | 66A | €791 | €229 | -€562 | -71.0% |
| Gross operating margin | 9900 | €2,746,167 | €2,953,260 | +€207,093 | +7.5% |
| Operating profit (loss) | 9901 | €1,251,132 | €1,297,672 | +€46,540 | +3.7% |
| Financial income | 75/76B | €49,688 | €31,967 | -€17,721 | -35.7% |
| Recurring financial income | 75 | €49,688 | €31,967 | -€17,721 | -35.7% |
| Financial charges | 65/66B | €117,027 | €121,216 | +€4,189 | +3.6% |
| Recurring financial charges | 65 | €117,027 | €121,216 | +€4,189 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €1,183,793 | €1,208,423 | +€24,630 | +2.1% |
| Income taxes | 67/77 | €197,719 | €195,965 | -€1,754 | -0.9% |
| Profit (loss) for the period | 9904 | €986,074 | €1,012,458 | +€26,384 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €986,074 | €1,012,458 | +€26,384 | +2.7% |
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 14 October 2026 via checked.be.