RIANO: 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.
RIANO
Largest movements
- Tangible fixed assets +€128,811
up €128,811 (+32.5%), from €395,908 to €524,719
of which Plant, machinery and equipment: +€137,302
- Receivables within one year +€44,604
up €44,604 (+560%), from €7,963 to €52,566
- Other debts +€251,008
up €251,008 (+62.5%), from €401,840 to €652,847
- Profit (loss) carried forward -€76,356
down €76,356 (-106%), from -€72,130 to -€148,486
- Other operating charges -€30,302
down €30,302 (-87.4%), from €34,678 to €4,376
- Depreciation +€17,334
up €17,334 (+91.9%), from €18,863 to €36,197
- Taxes +€7,331
new in 2025: €7,331
- Gross operating margin +€2,527
up €2,527 (+8.2%), from -€30,724 to -€28,198
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 | €408,513 | €586,274 | +€177,760 | +43.5% |
| Fixed assets | 21/28 | €395,908 | €524,719 | +€128,811 | +32.5% |
| Tangible fixed assets | 22/27 | €395,908 | €524,719 | +€128,811 | +32.5% |
| Land and buildings | 22 | €277,239 | €268,747 | -€8,492 | -3.1% |
| Plant, machinery and equipment | 23 | €118,670 | €255,972 | +€137,302 | +116% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €12,605 | €61,554 | +€48,950 | +388% |
| Amounts receivable within one year | 40/41 | €7,963 | €52,566 | +€44,604 | +560% |
| Trade receivables | 40 | €7,963 | €52,566 | +€44,604 | +560% |
| Cash at bank and in hand | 54/58 | €4,642 | €8,988 | +€4,346 | +93.6% |
| Total equity and liabilities | 10/49 | €408,513 | €586,274 | +€177,760 | +43.5% |
| Equity | 10/15 | €6,674 | -€69,682 | -€76,356 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €60,212 | €60,212 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €58,353 | €58,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,130 | -€148,486 | -€76,356 | -106% |
| Amounts payable | 17/49 | €401,840 | €655,956 | +€254,116 | +63.2% |
| Amounts payable after more than one year | 17 | - | €3,000 | +€3,000 | |
| Other amounts payable | 178/9 | - | €3,000 | +€3,000 | |
| Amounts payable within one year | 42/48 | €401,840 | €652,956 | +€251,116 | +62.5% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €108 | +€108 | |
| Taxes | 450/3 | - | €108 | +€108 | |
| Other amounts payable | 47/48 | €401,840 | €652,847 | +€251,008 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,863 | €36,197 | +€17,334 | +91.9% |
| Other operating charges | 640/8 | €34,678 | €4,376 | -€30,302 | -87.4% |
| Gross operating margin | 9900 | -€30,724 | -€28,198 | +€2,527 | +8.2% |
| Operating profit (loss) | 9901 | -€84,265 | -€68,770 | +€15,495 | +18.4% |
| Financial charges | 65/66B | €329 | €254 | -€74 | -22.7% |
| Recurring financial charges | 65 | €329 | €254 | -€74 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€84,594 | -€69,024 | +€15,569 | +18.4% |
| Income taxes | 67/77 | - | €7,331 | +€7,331 | |
| Profit (loss) for the period | 9904 | -€84,594 | -€76,356 | +€8,238 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,594 | -€76,356 | +€8,238 | +9.7% |
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 15 October 2026 via checked.be.