LE RIO: what changed
Two fiscal 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 RIO
Largest movements
- Receivables within one year +€10,875
up €10,875 (+354.7%), from €3,066 to €13,942
of which Other amounts receivable: +€7,122
- Stocks and contracts +€6,048
up €6,048 (+16.3%), from €37,126 to €43,173
- Cash +€1,454
up €1,454 (+40.0%), from €3,639 to €5,093
mainly Trade debts (+€21,889) and Tax, wage and social debts (+€8,943)
- Tangible fixed assets -€1,177
down €1,177 (-4.3%), from €27,654 to €26,477
of which Plant, machinery and equipment: -€5,070
- Trade debts +€21,889
up €21,889 (+207.3%), from €10,562 to €32,451
- Tax, wage and social debts +€8,943
up €8,943 (+78.5%), from €11,397 to €20,340
of which Remuneration and social security: +€8,154
- Profit (loss) carried forward -€7,239
down €7,239 (-15.8%), from -€45,892 to -€53,131
- Debts after one year -€7,033
down €7,033 (-8.0%), from €88,153 to €81,120
of which Financial debts: -€7,033
- Depreciation -€19,319
down €19,319 (-78.4%), from €24,654 to €5,336
- Staff costs +€8,845
up €8,845 (+35.2%), from €25,118 to €33,964
- Gross operating margin -€8,255
down €8,255 (-16.1%), from €51,266 to €43,012
- Financial charges -€694
down €694 (-34.9%), from €1,988 to €1,294
- Other operating charges -€634
down €634 (-50.8%), from €1,248 to €614
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.
Cash bridge derived
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 | €73,114 | €90,304 | +€17,190 | +23.5% |
| Fixed assets | 21/28 | €27,969 | €26,792 | -€1,177 | -4.2% |
| Tangible fixed assets | 22/27 | €27,654 | €26,477 | -€1,177 | -4.3% |
| Plant, machinery and equipment | 23 | €27,057 | €21,987 | -€5,070 | -18.7% |
| Furniture and vehicles | 24 | €597 | €4,490 | +€3,893 | +652.6% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €45,145 | €63,512 | +€18,367 | +40.7% |
| Stocks and contracts in progress | 3 | €37,126 | €43,173 | +€6,048 | +16.3% |
| Stocks | 30/36 | €37,126 | €43,173 | +€6,048 | +16.3% |
| Amounts receivable within one year | 40/41 | €3,066 | €13,942 | +€10,875 | +354.7% |
| Trade receivables | 40 | €1,540 | €5,294 | +€3,754 | +243.7% |
| Other amounts receivable | 41 | €1,526 | €8,648 | +€7,122 | +466.6% |
| Cash at bank and in hand | 54/58 | €3,639 | €5,093 | +€1,454 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,314 | €1,304 | -€10 | -0.7% |
| Total equity and liabilities | 10/49 | €73,114 | €90,304 | +€17,190 | +23.5% |
| Equity | 10/15 | -€43,892 | -€51,131 | -€7,239 | -16.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,892 | -€53,131 | -€7,239 | -15.8% |
| Amounts payable | 17/49 | €117,006 | €141,435 | +€24,429 | +20.9% |
| Amounts payable after more than one year | 17 | €88,153 | €81,120 | -€7,033 | -8.0% |
| Financial debts | 170/4 | €19,837 | €12,804 | -€7,033 | -35.5% |
| Other amounts payable | 178/9 | €68,316 | €68,316 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,853 | €60,316 | +€31,462 | +109.0% |
| Current portion of amounts payable after more than one year | 42 | €6,894 | €7,033 | +€139 | +2.0% |
| Trade debts | 44 | €10,562 | €32,451 | +€21,889 | +207.3% |
| Suppliers | 440/4 | €10,562 | €32,451 | +€21,889 | +207.3% |
| Taxes, remuneration and social security | 45 | €11,397 | €20,340 | +€8,943 | +78.5% |
| Taxes | 450/3 | €9,629 | €10,418 | +€789 | +8.2% |
| Remuneration and social security | 454/9 | €1,768 | €9,923 | +€8,154 | +461.1% |
| Other amounts payable | 47/48 | - | €491 | +€491 | |
| Remuneration, social security and pensions | 62 | €25,118 | €33,964 | +€8,845 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,654 | €5,336 | -€19,319 | -78.4% |
| Other operating charges | 640/8 | €1,248 | €614 | -€634 | -50.8% |
| Non-recurring operating charges | 66A | €9,140 | €9,050 | -€90 | -1.0% |
| Gross operating margin | 9900 | €51,266 | €43,012 | -€8,255 | -16.1% |
| Operating profit (loss) | 9901 | -€8,894 | -€5,952 | +€2,942 | +33.1% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,988 | €1,294 | -€694 | -34.9% |
| Recurring financial charges | 65 | €1,988 | €1,294 | -€694 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,882 | -€7,239 | +€3,643 | +33.5% |
| Profit (loss) for the period | 9904 | -€10,882 | -€7,239 | +€3,643 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,882 | -€7,239 | +€3,643 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.