Ri-Se: 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.
Ri-Se
Largest movements
- Tangible fixed assets -€4,817
down €4,817 (-14.6%), from €33,061 to €28,244
of which Furniture and vehicles: -€7,259
- Cash -€2,126
down €2,126 (-27.1%), from €7,853 to €5,727
mainly Debts after one year (-€10,123) and Investment in fixed assets (net) (-€2,679)
- Receivables within one year +€1,598
up €1,598 (+10.8%), from €14,819 to €16,418
of which Other amounts receivable: +€1,114
- Debts after one year -€10,123
down €10,123 (-59.2%), from €17,091 to €6,967
- Reserves +€4,394
up €4,394 (+20.4%), from €21,491 to €25,884
- Trade debts +€2,640
up €2,640 (+204.5%), from €1,291 to €3,931
- Tax, wage and social debts -€2,185
down €2,185 (-42.7%), from €5,118 to €2,933
- Gross operating margin -€8,997
down €8,997 (-36.0%), from €25,005 to €16,008
- Other operating charges -€4,771
down €4,771 (-71.8%), from €6,640 to €1,869
- Depreciation +€4,307
up €4,307 (+135.1%), from €3,189 to €7,496
- Taxes -€1,315
down €1,315 (-46.7%), from €2,814 to €1,499
- Financial income -€346
down €346 (-56.3%), from €616 to €269
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 | €55,733 | €50,838 | -€4,895 | -8.8% |
| Fixed assets | 21/28 | €33,061 | €28,244 | -€4,817 | -14.6% |
| Tangible fixed assets | 22/27 | €33,061 | €28,244 | -€4,817 | -14.6% |
| Furniture and vehicles | 24 | €33,061 | €25,802 | -€7,259 | -22.0% |
| Other tangible fixed assets | 26 | - | €2,442 | +€2,442 | |
| Current assets | 29/58 | €22,672 | €22,595 | -€78 | -0.3% |
| Amounts receivable within one year | 40/41 | €14,819 | €16,418 | +€1,598 | +10.8% |
| Trade receivables | 40 | €1,239 | €1,723 | +€484 | +39.1% |
| Other amounts receivable | 41 | €13,580 | €14,694 | +€1,114 | +8.2% |
| Cash at bank and in hand | 54/58 | €7,853 | €5,727 | -€2,126 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €55,733 | €50,838 | -€4,895 | -8.8% |
| Equity | 10/15 | €22,491 | €26,884 | +€4,394 | +19.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,491 | €25,884 | +€4,394 | +20.4% |
| Distributable reserves | 133 | €21,491 | €25,884 | +€4,394 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,243 | €23,954 | -€9,288 | -27.9% |
| Amounts payable after more than one year | 17 | €17,091 | €6,967 | -€10,123 | -59.2% |
| Financial debts | 170/4 | €17,091 | €6,967 | -€10,123 | -59.2% |
| Amounts payable within one year | 42/48 | €16,152 | €16,987 | +€835 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €9,743 | €10,123 | +€380 | +3.9% |
| Trade debts | 44 | €1,291 | €3,931 | +€2,640 | +204.5% |
| Suppliers | 440/4 | €1,291 | €3,931 | +€2,640 | +204.5% |
| Taxes, remuneration and social security | 45 | €5,118 | €2,933 | -€2,185 | -42.7% |
| Taxes | 450/3 | €5,118 | €2,933 | -€2,185 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,189 | €7,496 | +€4,307 | +135.1% |
| Other operating charges | 640/8 | €6,640 | €1,869 | -€4,771 | -71.8% |
| Gross operating margin | 9900 | €25,005 | €16,008 | -€8,997 | -36.0% |
| Operating profit (loss) | 9901 | €15,175 | €6,642 | -€8,534 | -56.2% |
| Financial income | 75/76B | €616 | €269 | -€346 | -56.3% |
| Recurring financial income | 75 | €616 | €269 | -€346 | -56.3% |
| Financial charges | 65/66B | €728 | €1,018 | +€290 | +39.8% |
| Recurring financial charges | 65 | €728 | €1,018 | +€290 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €15,063 | €5,893 | -€9,170 | -60.9% |
| Income taxes | 67/77 | €2,814 | €1,499 | -€1,315 | -46.7% |
| Profit (loss) for the period | 9904 | €12,249 | €4,394 | -€7,855 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,249 | €4,394 | -€7,855 | -64.1% |
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 4 October 2026 via checked.be.