Rialto Projects: 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 Projects
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€192,338
up €192,338 (+8.5%), from €2.3m to €2.4m
- Profit (loss) carried forward -€79,181
down €79,181 (-35.4%), from -€223,938 to -€303,119
- Debts after one year -€53,322
down €53,322 (-1.8%), from €3.0m to €3.0m
- Gross operating margin -€334,927
down €334,927 (-81.5%), from €411,078 to €76,151
- Financial charges +€27,265
up €27,265 (+28.4%), from €95,915 to €123,180
- Other operating charges +€10,056
up €10,056 (+365%), from €2,759 to €12,814
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.
Derived cash bridge
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 | €5,282,397 | €5,311,586 | +€29,189 | +0.6% |
| Fixed assets | 21/28 | €2,243,539 | €2,224,201 | -€19,337 | -0.9% |
| Intangible fixed assets | 21 | €2,260 | €1,807 | -€452 | -20.0% |
| Tangible fixed assets | 22/27 | €705,075 | €686,190 | -€18,885 | -2.7% |
| Land and buildings | 22 | €705,075 | €686,190 | -€18,885 | -2.7% |
| Financial fixed assets | 28 | €1,536,204 | €1,536,204 | = | 0.0% |
| Current assets | 29/58 | €3,038,858 | €3,087,385 | +€48,527 | +1.6% |
| Stocks and contracts in progress | 3 | €3,015,736 | €3,050,338 | +€34,602 | +1.1% |
| Stocks | 30/36 | €3,015,736 | €3,050,338 | +€34,602 | +1.1% |
| Amounts receivable within one year | 40/41 | €854 | €2,175 | +€1,322 | +155% |
| Trade receivables | 40 | €854 | €1,377 | +€523 | +61.3% |
| Other amounts receivable | 41 | €0 | €799 | +€799 | |
| Cash at bank and in hand | 54/58 | €22,268 | €34,871 | +€12,603 | +56.6% |
| Total equity and liabilities | 10/49 | €5,282,397 | €5,311,586 | +€29,189 | +0.6% |
| Equity | 10/15 | -€123,938 | -€203,119 | -€79,181 | -63.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,938 | -€303,119 | -€79,181 | -35.4% |
| Amounts payable | 17/49 | €5,406,335 | €5,514,705 | +€108,370 | +2.0% |
| Amounts payable after more than one year | 17 | €3,038,222 | €2,984,900 | -€53,322 | -1.8% |
| Financial debts | 170/4 | €3,038,222 | €2,984,900 | -€53,322 | -1.8% |
| Amounts payable within one year | 42/48 | €2,368,113 | €2,529,804 | +€161,692 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €51,378 | €53,322 | +€1,944 | +3.8% |
| Trade debts | 44 | €33,453 | €28,348 | -€5,105 | -15.3% |
| Suppliers | 440/4 | €33,453 | €28,348 | -€5,105 | -15.3% |
| Taxes, remuneration and social security | 45 | €28,871 | €1,385 | -€27,486 | -95.2% |
| Taxes | 450/3 | €28,871 | €1,385 | -€27,486 | -95.2% |
| Other amounts payable | 47/48 | €2,254,410 | €2,446,749 | +€192,338 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,164 | €19,337 | -€1,826 | -8.6% |
| Other operating charges | 640/8 | €2,759 | €12,814 | +€10,056 | +365% |
| Gross operating margin | 9900 | €411,078 | €76,151 | -€334,927 | -81.5% |
| Operating profit (loss) | 9901 | €387,156 | €44,000 | -€343,156 | -88.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €95,915 | €123,180 | +€27,265 | +28.4% |
| Recurring financial charges | 65 | €95,915 | €123,180 | +€27,265 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €291,241 | -€79,181 | -€370,422 | |
| Profit (loss) for the period | 9904 | €291,241 | -€79,181 | -€370,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €291,241 | -€79,181 | -€370,422 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.