R.I.S.: 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.
R.I.S.
Largest movements
- Receivables within one year +€146,734
up €146,734 (+9,008%), from €1,629 to €148,363
of which Other amounts receivable: +€146,373
- Cash -€108,699
down €108,699 (-70.7%), from €153,846 to €45,147
mainly Receivables within one year (-€146,734) and Trade debts (-€41,090)
- Tangible fixed assets +€10,900
up €10,900 (+7.6%), from €143,457 to €154,357
of which Land and buildings: +€24,034
- Current investments -€6,393
down €6,393 (-4.3%), from €147,513 to €141,120
- Other debts +€80,606
up €80,606 (+149%), from €54,200 to €134,806
- Trade debts -€41,090
down €41,090 (-96.9%), from €42,384 to €1,294
- Reserves +€12,132
up €12,132 (+5.8%), from €208,170 to €220,302
of which Distributable reserves: +€218,302
- Current portion of long-term debt -€5,909
no longer reported in 2025 (was €5,909)
- Gross operating margin +€15,044
up €15,044 (+34.1%), from €44,114 to €59,158
- Taxes +€5,380
up €5,380 (+68.7%), from €7,830 to €13,210
- Financial income +€2,018
up €2,018 (+182%), from €1,108 to €3,126
- Depreciation +€905
up €905 (+5.8%), from €15,646 to €16,551
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 | €448,396 | €491,261 | +€42,865 | +9.6% |
| Fixed assets | 21/28 | €143,457 | €154,357 | +€10,900 | +7.6% |
| Tangible fixed assets | 22/27 | €143,457 | €154,357 | +€10,900 | +7.6% |
| Land and buildings | 22 | €73,352 | €97,386 | +€24,034 | +32.8% |
| Plant, machinery and equipment | 23 | €6 | - | -€6 | |
| Furniture and vehicles | 24 | €68,313 | €55,413 | -€12,900 | -18.9% |
| Other tangible fixed assets | 26 | €1,786 | €1,558 | -€228 | -12.8% |
| Current assets | 29/58 | €304,939 | €336,904 | +€31,965 | +10.5% |
| Amounts receivable within one year | 40/41 | €1,629 | €148,363 | +€146,734 | +9,008% |
| Trade receivables | 40 | €1,629 | €1,990 | +€361 | +22.2% |
| Other amounts receivable | 41 | - | €146,373 | +€146,373 | |
| Current investments | 50/53 | €147,513 | €141,120 | -€6,393 | -4.3% |
| Cash at bank and in hand | 54/58 | €153,846 | €45,147 | -€108,699 | -70.7% |
| Deferred charges and accrued income | 490/1 | €1,951 | €2,274 | +€323 | +16.5% |
| Total equity and liabilities | 10/49 | €448,396 | €491,261 | +€42,865 | +9.6% |
| Equity | 10/15 | €308,854 | €320,987 | +€12,133 | +3.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €208,170 | €220,302 | +€12,132 | +5.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €206,170 | - | -€206,170 | |
| Distributable reserves | 133 | - | €218,302 | +€218,302 | |
| Profit (loss) carried forward | 14 | €80,684 | €80,684 | +€0 | 0.0% |
| Amounts payable | 17/49 | €139,542 | €170,275 | +€30,733 | +22.0% |
| Amounts payable within one year | 42/48 | €139,542 | €170,275 | +€30,733 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €5,909 | - | -€5,909 | |
| Trade debts | 44 | €42,384 | €1,294 | -€41,090 | -96.9% |
| Suppliers | 440/4 | €42,384 | €1,294 | -€41,090 | -96.9% |
| Taxes, remuneration and social security | 45 | €37,049 | €34,175 | -€2,874 | -7.8% |
| Taxes | 450/3 | €34,870 | €34,175 | -€695 | -2.0% |
| Remuneration and social security | 454/9 | €2,179 | - | -€2,179 | |
| Other amounts payable | 47/48 | €54,200 | €134,806 | +€80,606 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,646 | €16,551 | +€905 | +5.8% |
| Other operating charges | 640/8 | €1,495 | €1,817 | +€322 | +21.5% |
| Gross operating margin | 9900 | €44,114 | €59,158 | +€15,044 | +34.1% |
| Operating profit (loss) | 9901 | €26,973 | €40,790 | +€13,817 | +51.2% |
| Financial income | 75/76B | €1,108 | €3,126 | +€2,018 | +182% |
| Recurring financial income | 75 | €1,108 | €3,126 | +€2,018 | +182% |
| Financial charges | 65/66B | €1,024 | €574 | -€450 | -44.0% |
| Recurring financial charges | 65 | €1,024 | €574 | -€450 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €27,057 | €43,342 | +€16,285 | +60.2% |
| Income taxes | 67/77 | €7,830 | €13,210 | +€5,380 | +68.7% |
| Profit (loss) for the period | 9904 | €19,227 | €30,132 | +€10,905 | +56.7% |
| Transfer from tax-exempt reserves | 789 | €71,000 | - | -€71,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,227 | €30,132 | -€60,095 | -66.6% |
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 23 October 2026 via checked.be.