Rialto Project Management: 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.
Rialto Project Management
Largest movements
- Cash -€528,463
down €528,463 (-99.3%), from €532,127 to €3,664
- Receivables within one year +€49,996
up €49,996 (+39.5%), from €126,632 to €176,628
of which Trade receivables: +€49,467
- Stocks and contracts +€12,000
up €12,000 (+300%), from €4,000 to €16,000
- Debts after one year -€195,271
no longer reported in 2025 (was €195,271)
- Advances received -€128,950
down €128,950 (-86.7%), from €148,649 to €19,698
- Trade debts +€127,545
up €127,545 (+306%), from €41,738 to €169,284
- Tax, wage and social debts -€95,881
down €95,881 (-99.8%), from €96,048 to €167
- Other debts -€93,000
no longer reported in 2025 (was €93,000)
- Gross operating margin -€94,760
down €94,760 (-99.0%), from €95,760 to €1,000
- Depreciation -€1,292
no longer reported in 2025 (was €1,292)
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,759 | €196,292 | -€466,467 | -70.4% |
| Current assets | 29/58 | €662,759 | €196,292 | -€466,467 | -70.4% |
| Stocks and contracts in progress | 3 | €4,000 | €16,000 | +€12,000 | +300% |
| Stocks | 30/36 | €4,000 | €16,000 | +€12,000 | +300% |
| Amounts receivable within one year | 40/41 | €126,632 | €176,628 | +€49,996 | +39.5% |
| Trade receivables | 40 | €121,035 | €170,502 | +€49,467 | +40.9% |
| Other amounts receivable | 41 | €5,597 | €6,126 | +€528 | +9.4% |
| Cash at bank and in hand | 54/58 | €532,127 | €3,664 | -€528,463 | -99.3% |
| Total equity and liabilities | 10/49 | €662,759 | €196,292 | -€466,467 | -70.4% |
| Equity | 10/15 | €6,761 | €7,143 | +€381 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €561 | €943 | +€381 | +67.9% |
| Distributable reserves | 133 | €561 | €943 | +€381 | +67.9% |
| Amounts payable | 17/49 | €655,997 | €189,149 | -€466,849 | -71.2% |
| Amounts payable after more than one year | 17 | €195,271 | - | -€195,271 | |
| Financial debts | 170/4 | €195,271 | - | -€195,271 | |
| Amounts payable within one year | 42/48 | €379,435 | €189,149 | -€190,286 | -50.1% |
| Trade debts | 44 | €41,738 | €169,284 | +€127,545 | +306% |
| Suppliers | 440/4 | €41,738 | €169,284 | +€127,545 | +306% |
| Advances received on contracts in progress | 46 | €148,649 | €19,698 | -€128,950 | -86.7% |
| Taxes, remuneration and social security | 45 | €96,048 | €167 | -€95,881 | -99.8% |
| Taxes | 450/3 | €96,048 | €167 | -€95,881 | -99.8% |
| Other amounts payable | 47/48 | €93,000 | - | -€93,000 | |
| Accrued charges and deferred income | 492/3 | €81,291 | - | -€81,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,292 | - | -€1,292 | |
| Other operating charges | 640/8 | €990 | €797 | -€193 | -19.5% |
| Gross operating margin | 9900 | €95,760 | €1,000 | -€94,760 | -99.0% |
| Operating profit (loss) | 9901 | €93,479 | €203 | -€93,276 | -99.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €93,329 | €23 | -€93,306 | -100.0% |
| Income taxes | 67/77 | €82 | €0 | -€82 | -100% |
| Profit (loss) for the period | 9904 | €93,247 | €23 | -€93,224 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,247 | €23 | -€93,224 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.