Riamco: 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.
Riamco
Largest movements
- Tangible fixed assets +€70,272
up €70,272 (+2555.2%), from €2,750 to €73,023
of which Furniture and vehicles: +€69,762
- Cash -€31,389
down €31,389 (-35.0%), from €89,565 to €58,176
mainly Investment in fixed assets (net) (-€77,758) and Tax, wage and social debts (-€59,382)
- Receivables within one year +€26,175
up €26,175 (+103.2%), from €25,362 to €51,538
of which Other amounts receivable: +€15,179
- Tax, wage and social debts -€59,382
down €59,382 (-89.7%), from €66,183 to €6,801
- Reserves +€50,166
up €50,166 (+103.7%), from €48,385 to €98,551
- Debts after one year +€35,587
new in 2025: €35,587
- Current portion of long-term debt +€18,888
new in 2025: €18,888
- Advances received +€17,254
new in 2025: €17,254
- Gross operating margin +€21,123
up €21,123 (+31.2%), from €67,782 to €88,905
- Taxes +€11,309
up €11,309 (+79.6%), from €14,204 to €25,513
- Depreciation +€5,993
up €5,993 (+401.6%), from €1,492 to €7,486
- Other operating charges +€2,325
up €2,325 (+107.4%), from €2,164 to €4,488
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 | €117,678 | €182,736 | +€65,058 | +55.3% |
| Fixed assets | 21/28 | €2,750 | €73,023 | +€70,272 | +2555.2% |
| Tangible fixed assets | 22/27 | €2,750 | €73,023 | +€70,272 | +2555.2% |
| Plant, machinery and equipment | 23 | - | €510 | +€510 | |
| Furniture and vehicles | 24 | €2,750 | €72,512 | +€69,762 | +2536.6% |
| Current assets | 29/58 | €114,928 | €109,713 | -€5,214 | -4.5% |
| Amounts receivable within one year | 40/41 | €25,362 | €51,538 | +€26,175 | +103.2% |
| Trade receivables | 40 | €25,362 | €36,359 | +€10,996 | +43.4% |
| Other amounts receivable | 41 | - | €15,179 | +€15,179 | |
| Cash at bank and in hand | 54/58 | €89,565 | €58,176 | -€31,389 | -35.0% |
| Total equity and liabilities | 10/49 | €117,678 | €182,736 | +€65,058 | +55.3% |
| Equity | 10/15 | €49,385 | €99,551 | +€50,166 | +101.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,385 | €98,551 | +€50,166 | +103.7% |
| Distributable reserves | 133 | €48,385 | €98,551 | +€50,166 | +103.7% |
| Amounts payable | 17/49 | €68,292 | €83,184 | +€14,892 | +21.8% |
| Amounts payable after more than one year | 17 | - | €35,587 | +€35,587 | |
| Financial debts | 170/4 | - | €35,587 | +€35,587 | |
| Amounts payable within one year | 42/48 | €68,292 | €47,598 | -€20,695 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | - | €18,888 | +€18,888 | |
| Trade debts | 44 | €1,972 | €4,654 | +€2,682 | +136.0% |
| Suppliers | 440/4 | €1,972 | €4,654 | +€2,682 | +136.0% |
| Advances received on contracts in progress | 46 | - | €17,254 | +€17,254 | |
| Taxes, remuneration and social security | 45 | €66,183 | €6,801 | -€59,382 | -89.7% |
| Taxes | 450/3 | €66,183 | €6,801 | -€59,382 | -89.7% |
| Other amounts payable | 47/48 | €137 | - | -€137 | |
| Remuneration, social security and pensions | 62 | €1,472 | €1,192 | -€280 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €7,486 | +€5,993 | +401.6% |
| Other operating charges | 640/8 | €2,164 | €4,488 | +€2,325 | +107.4% |
| Gross operating margin | 9900 | €67,782 | €88,905 | +€21,123 | +31.2% |
| Operating profit (loss) | 9901 | €62,654 | €75,739 | +€13,085 | +20.9% |
| Financial charges | 65/66B | €65 | €60 | -€5 | -7.5% |
| Recurring financial charges | 65 | €65 | €60 | -€5 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €62,589 | €75,679 | +€13,090 | +20.9% |
| Income taxes | 67/77 | €14,204 | €25,513 | +€11,309 | +79.6% |
| Profit (loss) for the period | 9904 | €48,385 | €50,166 | +€1,781 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,385 | €50,166 | +€1,781 | +3.7% |
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 9 October 2026 via checked.be.