RIAL: 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.
RIAL
Largest movements
- Cash +€96,698
up €96,698 (+489.0%), from €19,775 to €116,472
mainly Net result for the year (+€96,212) and Investment in fixed assets (net) (+€74,783)
- Tangible fixed assets -€90,184
down €90,184 (-17.6%), from €511,460 to €421,277
- Receivables within one year +€73,826
up €73,826 (+4262.1%), from €1,732 to €75,558
of which Other amounts receivable: +€73,738
- Profit (loss) carried forward +€99,388
up €99,388, from -€67,268 to €32,120
- Debts after one year -€13,291
down €13,291 (-4.6%), from €286,413 to €273,123
of which Financial debts: -€13,291
- Other debts -€8,056
down €8,056 (-7.5%), from €107,806 to €99,749
- Financial income +€102,242
up €102,242 (+10905.8%), from €938 to €103,179
of which Non-recurring financial income: +€100,217
- Depreciation -€5,847
down €5,847 (-27.5%), from €21,248 to €15,401
- Financial charges +€5,456
up €5,456 (+144.6%), from €3,773 to €9,229
- Gross operating margin -€5,438
down €5,438 (-20.6%), from €26,409 to €20,971
- Other operating charges +€814
up €814 (+22.9%), from €3,553 to €4,367
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,672 | €656,481 | +€79,809 | +13.8% |
| Fixed assets | 21/28 | €531,460 | €441,277 | -€90,184 | -17.0% |
| Tangible fixed assets | 22/27 | €511,460 | €421,277 | -€90,184 | -17.6% |
| Land and buildings | 22 | €511,460 | €421,277 | -€90,184 | -17.6% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €45,212 | €215,204 | +€169,992 | +376.0% |
| Amounts receivable within one year | 40/41 | €1,732 | €75,558 | +€73,826 | +4262.1% |
| Trade receivables | 40 | €1,732 | €1,820 | +€88 | +5.1% |
| Other amounts receivable | 41 | - | €73,738 | +€73,738 | |
| Cash at bank and in hand | 54/58 | €19,775 | €116,472 | +€96,698 | +489.0% |
| Deferred charges and accrued income | 490/1 | €23,705 | €23,174 | -€531 | -2.2% |
| Total equity and liabilities | 10/49 | €576,672 | €656,481 | +€79,809 | +13.8% |
| Equity | 10/15 | €139,867 | €236,080 | +€96,212 | +68.8% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €88,535 | €85,360 | -€3,175 | -3.6% |
| Tax-exempt reserves | 132 | €88,535 | €85,360 | -€3,175 | -3.6% |
| Profit (loss) carried forward | 14 | -€67,268 | €32,120 | +€99,388 | |
| Provisions and deferred taxes | 16 | €29,512 | €28,453 | -€1,058 | -3.6% |
| Deferred taxes | 168 | €29,512 | €28,453 | -€1,058 | -3.6% |
| Amounts payable | 17/49 | €407,293 | €391,948 | -€15,345 | -3.8% |
| Amounts payable after more than one year | 17 | €286,413 | €273,123 | -€13,291 | -4.6% |
| Financial debts | 170/4 | €204,690 | €191,399 | -€13,291 | -6.5% |
| Other amounts payable | 178/9 | €81,723 | €81,723 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,880 | €113,160 | -€7,720 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €13,074 | €13,291 | +€216 | +1.7% |
| Trade debts | 44 | - | €120 | +€120 | |
| Suppliers | 440/4 | - | €120 | +€120 | |
| Other amounts payable | 47/48 | €107,806 | €99,749 | -€8,056 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €5,665 | +€5,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,248 | €15,401 | -€5,847 | -27.5% |
| Other operating charges | 640/8 | €3,553 | €4,367 | +€814 | +22.9% |
| Gross operating margin | 9900 | €26,409 | €20,971 | -€5,438 | -20.6% |
| Operating profit (loss) | 9901 | €1,608 | €1,203 | -€405 | -25.2% |
| Financial income | 75/76B | €938 | €103,179 | +€102,242 | +10905.8% |
| Recurring financial income | 75 | €938 | €2,962 | +€2,025 | +216.0% |
| Non-recurring financial income | 76B | - | €100,217 | +€100,217 | |
| Financial charges | 65/66B | €3,773 | €9,229 | +€5,456 | +144.6% |
| Recurring financial charges | 65 | €3,773 | €9,229 | +€5,456 | +144.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,227 | €95,154 | +€96,381 | |
| Transfer from deferred taxes | 780 | €1,058 | €1,058 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€169 | €96,212 | +€96,381 | |
| Transfer from tax-exempt reserves | 789 | €3,175 | €3,175 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,006 | €99,388 | +€96,381 | +3206.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.