LE RIF: 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.
LE RIF
Largest movements
- Cash +€57,773
up €57,773 (+25.1%), from €230,092 to €287,864
mainly Receivables within one year (+€34,091) and Net result for the year (+€33,103)
- Receivables within one year -€34,091
down €34,091 (-46.8%), from €72,798 to €38,707
of which Trade receivables: -€34,777
- Trade debts -€41,347
down €41,347 (-72.1%), from €57,379 to €16,033
- Reserves +€33,000
up €33,000 (+20.5%), from €161,000 to €194,000
- Other debts +€26,503
up €26,503 (+21.0%), from €126,426 to €152,929
- Tax, wage and social debts +€8,751
up €8,751 (+90.3%), from €9,696 to €18,448
of which Taxes: +€7,482
- Gross operating margin +€40,118
up €40,118 (+51.9%), from €77,265 to €117,384
- Taxes +€11,843
up €11,843 (+290%), from €4,083 to €15,926
- Staff costs +€2,001
up €2,001 (+5.7%), from €35,000 to €37,001
- Financial charges +€1,989
up €1,989 (+22.1%), from €8,984 to €10,973
- Other operating charges -€1,390
down €1,390 (-41.9%), from €3,316 to €1,926
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 | €362,242 | €389,252 | +€27,010 | +7.5% |
| Fixed assets | 21/28 | €57,239 | €59,891 | +€2,652 | +4.6% |
| Tangible fixed assets | 22/27 | €57,059 | €59,711 | +€2,652 | +4.6% |
| Land and buildings | 22 | €10,392 | €12,554 | +€2,162 | +20.8% |
| Plant, machinery and equipment | 23 | €2,831 | €7,101 | +€4,270 | +151% |
| Furniture and vehicles | 24 | €7,114 | €11,293 | +€4,179 | +58.7% |
| Other tangible fixed assets | 26 | €36,722 | €28,763 | -€7,959 | -21.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €305,003 | €329,361 | +€24,358 | +8.0% |
| Stocks and contracts in progress | 3 | €1,847 | €1,977 | +€130 | +7.0% |
| Stocks | 30/36 | €1,847 | €1,977 | +€130 | +7.0% |
| Amounts receivable within one year | 40/41 | €72,798 | €38,707 | -€34,091 | -46.8% |
| Trade receivables | 40 | €50,475 | €15,698 | -€34,777 | -68.9% |
| Other amounts receivable | 41 | €22,323 | €23,009 | +€686 | +3.1% |
| Cash at bank and in hand | 54/58 | €230,092 | €287,864 | +€57,773 | +25.1% |
| Deferred charges and accrued income | 490/1 | €266 | €813 | +€547 | +205% |
| Total equity and liabilities | 10/49 | €362,242 | €389,252 | +€27,010 | +7.5% |
| Equity | 10/15 | €168,740 | €201,843 | +€33,103 | +19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,000 | €194,000 | +€33,000 | +20.5% |
| Distributable reserves | 133 | €161,000 | €194,000 | +€33,000 | +20.5% |
| Profit (loss) carried forward | 14 | €1,540 | €1,643 | +€103 | +6.7% |
| Amounts payable | 17/49 | €193,502 | €187,409 | -€6,093 | -3.1% |
| Amounts payable within one year | 42/48 | €193,502 | €187,409 | -€6,093 | -3.1% |
| Trade debts | 44 | €57,379 | €16,033 | -€41,347 | -72.1% |
| Suppliers | 440/4 | €57,379 | €16,033 | -€41,347 | -72.1% |
| Taxes, remuneration and social security | 45 | €9,696 | €18,448 | +€8,751 | +90.3% |
| Taxes | 450/3 | €4,959 | €12,441 | +€7,482 | +151% |
| Remuneration and social security | 454/9 | €4,737 | €6,007 | +€1,269 | +26.8% |
| Other amounts payable | 47/48 | €126,426 | €152,929 | +€26,503 | +21.0% |
| Remuneration, social security and pensions | 62 | €35,000 | €37,001 | +€2,001 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,925 | €18,565 | +€639 | +3.6% |
| Other operating charges | 640/8 | €3,316 | €1,926 | -€1,390 | -41.9% |
| Gross operating margin | 9900 | €77,265 | €117,384 | +€40,118 | +51.9% |
| Operating profit (loss) | 9901 | €21,025 | €59,892 | +€38,868 | +185% |
| Financial income | 75/76B | €13 | €110 | +€98 | +772% |
| Recurring financial income | 75 | €13 | €110 | +€98 | +772% |
| Financial charges | 65/66B | €8,984 | €10,973 | +€1,989 | +22.1% |
| Recurring financial charges | 65 | €8,984 | €10,973 | +€1,989 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €12,053 | €49,029 | +€36,976 | +307% |
| Income taxes | 67/77 | €4,083 | €15,926 | +€11,843 | +290% |
| Profit (loss) for the period | 9904 | €7,970 | €33,103 | +€25,134 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €7,970 | €33,103 | +€25,134 | +315% |
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.