RIAL: 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.
RIAL
Largest movements
- Receivables within one year +€11,999
up €11,999 (+45.9%), from €26,165 to €38,164
- Cash -€9,526
down €9,526 (-32.9%), from €28,973 to €19,447
mainly Receivables within one year (-€11,999) and Net result for the year (-€3,867)
- Profit (loss) carried forward -€81,745
no longer reported in 2025 (was €81,745)
- Reserves +€77,878
up €77,878 (+183.2%), from €42,507 to €120,385
of which Distributable reserves: +€77,878
- Provisions +€5,000
new in 2025: €5,000
- Provisions +€5,000
new in 2025: €5,000
- Financial charges -€3,193
down €3,193 (-97.2%), from €3,286 to €93
- Gross operating margin -€1,426
down €1,426 (-25.0%), from €5,701 to €4,276
- Taxes -€551
down €551 (-54.3%), from €1,014 to €463
- Financial income -€504
down €504 (-77.3%), from €653 to €148
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 | €156,070 | €157,343 | +€1,273 | +0.8% |
| Fixed assets | 21/28 | €11,884 | €10,684 | -€1,200 | -10.1% |
| Tangible fixed assets | 22/27 | €11,859 | €10,684 | -€1,175 | -9.9% |
| Land and buildings | 22 | €11,859 | €10,684 | -€1,175 | -9.9% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €144,186 | €146,659 | +€2,473 | +1.7% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,165 | €38,164 | +€11,999 | +45.9% |
| Other amounts receivable | 41 | €26,165 | €38,164 | +€11,999 | +45.9% |
| Current investments | 50/53 | €4,048 | €4,048 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,973 | €19,447 | -€9,526 | -32.9% |
| Total equity and liabilities | 10/49 | €156,070 | €157,343 | +€1,273 | +0.8% |
| Equity | 10/15 | €155,252 | €151,385 | -€3,867 | -2.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Outside capital | 11 | €31,000 | €31,000 | = | 0.0% |
| Other | 1109/19 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €42,507 | €120,385 | +€77,878 | +183.2% |
| Tax-exempt reserves | 132 | €313 | €313 | = | 0.0% |
| Distributable reserves | 133 | €42,194 | €120,072 | +€77,878 | +184.6% |
| Profit (loss) carried forward | 14 | €81,745 | - | -€81,745 | |
| Provisions and deferred taxes | 16 | - | €5,000 | +€5,000 | |
| Provisions for liabilities and charges | 160/5 | - | €5,000 | +€5,000 | |
| Other liabilities and charges | 164/5 | - | €5,000 | +€5,000 | |
| Amounts payable | 17/49 | €818 | €958 | +€141 | +17.2% |
| Amounts payable within one year | 42/48 | €818 | €958 | +€141 | +17.2% |
| Trade debts | 44 | - | €540 | +€540 | |
| Suppliers | 440/4 | - | €540 | +€540 | |
| Taxes, remuneration and social security | 45 | €818 | €418 | -€400 | -48.9% |
| Taxes | 450/3 | €818 | €418 | -€400 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €1,175 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €1,473 | €1,560 | +€88 | +5.9% |
| Gross operating margin | 9900 | €5,701 | €4,276 | -€1,426 | -25.0% |
| Operating profit (loss) | 9901 | €3,053 | -€3,460 | -€6,513 | |
| Financial income | 75/76B | €653 | €148 | -€504 | -77.3% |
| Recurring financial income | 75 | €653 | €148 | -€504 | -77.3% |
| Financial charges | 65/66B | €3,286 | €93 | -€3,193 | -97.2% |
| Recurring financial charges | 65 | €3,286 | €93 | -€3,193 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €420 | -€3,405 | -€3,825 | |
| Income taxes | 67/77 | €1,014 | €463 | -€551 | -54.3% |
| Profit (loss) for the period | 9904 | -€593 | -€3,867 | -€3,274 | -551.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€593 | -€3,867 | -€3,274 | -551.7% |
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.