RIA: 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.
RIA
Largest movements
- Current investments -€42,963
down €42,963 (-39.0%), from €110,163 to €67,201
- Receivables within one year -€22,998
down €22,998 (-33.2%), from €69,310 to €46,312
of which Other amounts receivable: -€22,998
- Deferred charges and accrued income +€20,950
up €20,950 (+88.5%), from €23,671 to €44,621
- Tangible fixed assets -€9,115
down €9,115 (-43.2%), from €21,098 to €11,984
- Debts after one year -€61,729
down €61,729 (-9.8%), from €628,519 to €566,790
of which Financial debts: -€61,729
- Trade debts +€37,111
up €37,111 (+100.2%), from €37,026 to €74,136
- Tax, wage and social debts -€31,295
down €31,295 (-55.8%), from €56,067 to €24,772
of which Taxes: -€26,250
- Reserves +€9,699
up €9,699 (+10.6%), from €91,209 to €100,908
- Current portion of long-term debt -€9,115
down €9,115 (-12.0%), from €75,892 to €66,777
- Staff costs +€20,557
up €20,557 (+18.6%), from €110,531 to €131,088
- Gross operating margin -€20,445
down €20,445 (-11.3%), from €181,225 to €160,780
- Taxes -€8,213
down €8,213 (-56.9%), from €14,439 to €6,226
- Financial income -€3,981
down €3,981 (-22.6%), from €17,631 to €13,650
- Financial charges -€2,589
down €2,589 (-14.7%), from €17,654 to €15,065
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 | €901,810 | €844,424 | -€57,386 | -6.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €21,098 | €11,984 | -€9,115 | -43.2% |
| Tangible fixed assets | 22/27 | €21,098 | €11,984 | -€9,115 | -43.2% |
| Furniture and vehicles | 24 | €21,098 | €11,984 | -€9,115 | -43.2% |
| Current assets | 29/58 | €880,712 | €832,440 | -€48,272 | -5.5% |
| Stocks and contracts in progress | 3 | €667,509 | €672,352 | +€4,843 | +0.7% |
| Stocks | 30/36 | €667,509 | €672,352 | +€4,843 | +0.7% |
| Amounts receivable within one year | 40/41 | €69,310 | €46,312 | -€22,998 | -33.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €69,310 | €46,312 | -€22,998 | -33.2% |
| Current investments | 50/53 | €110,163 | €67,201 | -€42,963 | -39.0% |
| Cash at bank and in hand | 54/58 | €10,060 | €1,955 | -€8,104 | -80.6% |
| Deferred charges and accrued income | 490/1 | €23,671 | €44,621 | +€20,950 | +88.5% |
| Total equity and liabilities | 10/49 | €901,810 | €844,424 | -€57,386 | -6.4% |
| Equity | 10/15 | €94,209 | €103,908 | +€9,699 | +10.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,209 | €100,908 | +€9,699 | +10.6% |
| Distributable reserves | 133 | €91,209 | €100,908 | +€9,699 | +10.6% |
| Amounts payable | 17/49 | €807,601 | €740,516 | -€67,085 | -8.3% |
| Amounts payable after more than one year | 17 | €628,519 | €566,790 | -€61,729 | -9.8% |
| Financial debts | 170/4 | €148,519 | €86,790 | -€61,729 | -41.6% |
| Other amounts payable | 178/9 | €480,000 | €480,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,082 | €170,926 | -€8,156 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €75,892 | €66,777 | -€9,115 | -12.0% |
| Trade debts | 44 | €37,026 | €74,136 | +€37,111 | +100.2% |
| Suppliers | 440/4 | €37,026 | €74,136 | +€37,111 | +100.2% |
| Taxes, remuneration and social security | 45 | €56,067 | €24,772 | -€31,295 | -55.8% |
| Taxes | 450/3 | €32,461 | €6,211 | -€26,250 | -80.9% |
| Remuneration and social security | 454/9 | €23,606 | €18,561 | -€5,045 | -21.4% |
| Other amounts payable | 47/48 | €10,097 | €5,241 | -€4,857 | -48.1% |
| Accrued charges and deferred income | 492/3 | - | €2,800 | +€2,800 | |
| Remuneration, social security and pensions | 62 | €110,531 | €131,088 | +€20,557 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,282 | €9,115 | -€1,167 | -11.4% |
| Other operating charges | 640/8 | €2,915 | €3,239 | +€324 | +11.1% |
| Gross operating margin | 9900 | €181,225 | €160,780 | -€20,445 | -11.3% |
| Operating profit (loss) | 9901 | €57,497 | €17,339 | -€40,158 | -69.8% |
| Financial income | 75/76B | €17,631 | €13,650 | -€3,981 | -22.6% |
| Recurring financial income | 75 | €17,631 | €13,650 | -€3,981 | -22.6% |
| Financial charges | 65/66B | €17,654 | €15,065 | -€2,589 | -14.7% |
| Recurring financial charges | 65 | €17,654 | €15,065 | -€2,589 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €57,474 | €15,924 | -€41,550 | -72.3% |
| Income taxes | 67/77 | €14,439 | €6,226 | -€8,213 | -56.9% |
| Profit (loss) for the period | 9904 | €43,035 | €9,699 | -€33,336 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,035 | €9,699 | -€33,336 | -77.5% |
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 29 September 2026 via checked.be.