RIANO - REDAM: 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 - REDAM
Largest movements
- Cash +€45,658
up €45,658 (+95.0%), from €48,074 to €93,732
mainly Trade debts (+€45,524) and Receivables within one year (+€20,209)
- Receivables within one year -€20,209
down €20,209 (-16.0%), from €126,255 to €106,046
of which Trade receivables: -€18,546
- Tangible fixed assets -€8,239
down €8,239 (-32.3%), from €25,517 to €17,278
of which Plant, machinery and equipment: -€8,070
- Stocks and contracts -€3,743
down €3,743 (-35.1%), from €10,663 to €6,920
- Trade debts +€45,524
up €45,524 (+110%), from €41,469 to €86,994
- Profit (loss) carried forward -€17,131
down €17,131 (-247%), from -€6,925 to -€24,056
- Tax, wage and social debts -€11,635
down €11,635 (-85.9%), from €13,543 to €1,907
- Gross operating margin -€10,258
down €10,258, from €5,702 to -€4,556
- Financial income +€319
up €319 (+2,655%), from €12 to €331
- Staff costs +€275
new in 2025: €275
- Financial charges +€96
up €96 (+4.7%), from €2,034 to €2,130
- Depreciation -€57
down €57 (-0.7%), from €8,178 to €8,121
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 | €213,328 | €229,690 | +€16,361 | +7.7% |
| Fixed assets | 21/28 | €25,517 | €19,256 | -€6,261 | -24.5% |
| Intangible fixed assets | 21 | - | €1,979 | +€1,979 | |
| Tangible fixed assets | 22/27 | €25,517 | €17,278 | -€8,239 | -32.3% |
| Plant, machinery and equipment | 23 | €22,826 | €14,757 | -€8,070 | -35.4% |
| Furniture and vehicles | 24 | €2,691 | €674 | -€2,017 | -74.9% |
| Other tangible fixed assets | 26 | - | €1,847 | +€1,847 | |
| Current assets | 29/58 | €187,811 | €210,433 | +€22,622 | +12.0% |
| Stocks and contracts in progress | 3 | €10,663 | €6,920 | -€3,743 | -35.1% |
| Stocks | 30/36 | €10,663 | €6,920 | -€3,743 | -35.1% |
| Amounts receivable within one year | 40/41 | €126,255 | €106,046 | -€20,209 | -16.0% |
| Trade receivables | 40 | €110,973 | €92,428 | -€18,546 | -16.7% |
| Other amounts receivable | 41 | €15,281 | €13,618 | -€1,663 | -10.9% |
| Cash at bank and in hand | 54/58 | €48,074 | €93,732 | +€45,658 | +95.0% |
| Deferred charges and accrued income | 490/1 | €2,820 | €3,736 | +€916 | +32.5% |
| Total equity and liabilities | 10/49 | €213,328 | €229,690 | +€16,361 | +7.7% |
| Equity | 10/15 | €126,511 | €109,380 | -€17,131 | -13.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €108,436 | €108,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €105,769 | €105,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,925 | -€24,056 | -€17,131 | -247% |
| Amounts payable | 17/49 | €86,817 | €120,309 | +€33,493 | +38.6% |
| Amounts payable within one year | 42/48 | €86,817 | €120,309 | +€33,493 | +38.6% |
| Financial debts | 43 | - | €65 | +€65 | |
| Credit institutions | 430/8 | - | €65 | +€65 | |
| Trade debts | 44 | €41,469 | €86,994 | +€45,524 | +110% |
| Suppliers | 440/4 | €41,469 | €86,994 | +€45,524 | +110% |
| Advances received on contracts in progress | 46 | €1,992 | €0 | -€1,992 | -100% |
| Taxes, remuneration and social security | 45 | €13,543 | €1,907 | -€11,635 | -85.9% |
| Taxes | 450/3 | €13,543 | €1,907 | -€11,635 | -85.9% |
| Other amounts payable | 47/48 | €29,813 | €31,344 | +€1,530 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €275 | +€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,178 | €8,121 | -€57 | -0.7% |
| Other operating charges | 640/8 | €2,426 | €2,380 | -€47 | -1.9% |
| Gross operating margin | 9900 | €5,702 | -€4,556 | -€10,258 | |
| Operating profit (loss) | 9901 | -€4,903 | -€15,332 | -€10,429 | -213% |
| Financial income | 75/76B | €12 | €331 | +€319 | +2,655% |
| Recurring financial income | 75 | €12 | €331 | +€319 | +2,655% |
| Financial charges | 65/66B | €2,034 | €2,130 | +€96 | +4.7% |
| Recurring financial charges | 65 | €2,034 | €2,130 | +€96 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,925 | -€17,131 | -€10,206 | -147% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,925 | -€17,131 | -€10,206 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,925 | -€17,131 | -€10,206 | -147% |
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 23 October 2026 via checked.be.