RIANWATTANA: 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.
RIANWATTANA
Largest movements
- Tangible fixed assets +€220,274
up €220,274 (+518%), from €42,499 to €262,773
of which Land and buildings: +€223,917
- Cash -€118,746
down €118,746 (-46.2%), from €256,935 to €138,189
mainly Investment in fixed assets (net) (-€241,769) and Net result for the year (-€39,705)
- Receivables within one year +€5,501
up €5,501 (+29.6%), from €18,592 to €24,093
of which Trade receivables: +€8,784
- Debts after one year +€134,281
new in 2025: €134,281
- Reserves -€39,705
down €39,705 (-13.9%), from €285,204 to €245,499
- Current portion of long-term debt +€14,203
new in 2025: €14,203
- Gross operating margin -€34,417
down €34,417, from €22,439 to -€11,977
- Financial income -€13,832
down €13,832 (-97.1%), from €14,243 to €411
of which Non-recurring financial income: -€13,567
- Depreciation +€10,354
up €10,354 (+92.9%), from €11,141 to €21,495
- Taxes -€8,542
down €8,542 (-98.3%), from €8,691 to €149
- Financial charges +€3,679
up €3,679 (+328%), from €1,123 to €4,801
of which Financial charges: +€3,699
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 | €326,670 | €432,946 | +€106,275 | +32.5% |
| Fixed assets | 21/28 | €42,499 | €262,773 | +€220,274 | +518% |
| Tangible fixed assets | 22/27 | €42,499 | €262,773 | +€220,274 | +518% |
| Land and buildings | 22 | - | €223,917 | +€223,917 | |
| Plant, machinery and equipment | 23 | €3,008 | €10,605 | +€7,596 | +253% |
| Furniture and vehicles | 24 | €39,189 | €28,251 | -€10,938 | -27.9% |
| Other tangible fixed assets | 26 | €302 | - | -€302 | |
| Current assets | 29/58 | €284,171 | €170,173 | -€113,999 | -40.1% |
| Stocks and contracts in progress | 3 | €6,729 | €7,165 | +€435 | +6.5% |
| Stocks | 30/36 | €6,729 | €7,165 | +€435 | +6.5% |
| Amounts receivable within one year | 40/41 | €18,592 | €24,093 | +€5,501 | +29.6% |
| Trade receivables | 40 | €7,714 | €16,498 | +€8,784 | +114% |
| Other amounts receivable | 41 | €10,878 | €7,595 | -€3,283 | -30.2% |
| Cash at bank and in hand | 54/58 | €256,935 | €138,189 | -€118,746 | -46.2% |
| Deferred charges and accrued income | 490/1 | €1,915 | €726 | -€1,189 | -62.1% |
| Total equity and liabilities | 10/49 | €326,670 | €432,946 | +€106,275 | +32.5% |
| Equity | 10/15 | €291,409 | €251,704 | -€39,705 | -13.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €285,204 | €245,499 | -€39,705 | -13.9% |
| Distributable reserves | 133 | €285,204 | €245,499 | -€39,705 | -13.9% |
| Amounts payable | 17/49 | €35,262 | €181,241 | +€145,980 | +414% |
| Amounts payable after more than one year | 17 | - | €134,281 | +€134,281 | |
| Financial debts | 170/4 | - | €134,281 | +€134,281 | |
| Amounts payable within one year | 42/48 | €35,262 | €46,960 | +€11,699 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,203 | +€14,203 | |
| Trade debts | 44 | €16,390 | €16,405 | +€15 | +0.1% |
| Suppliers | 440/4 | €16,390 | €16,405 | +€15 | +0.1% |
| Taxes, remuneration and social security | 45 | €2,324 | €3,265 | +€941 | +40.5% |
| Taxes | 450/3 | €2,324 | €3,265 | +€941 | +40.5% |
| Other amounts payable | 47/48 | €16,548 | €13,088 | -€3,460 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,141 | €21,495 | +€10,354 | +92.9% |
| Other operating charges | 640/8 | €983 | €1,391 | +€408 | +41.5% |
| Non-recurring operating charges | 66A | - | €302 | +€302 | |
| Gross operating margin | 9900 | €22,439 | -€11,977 | -€34,417 | |
| Operating profit (loss) | 9901 | €10,315 | -€35,165 | -€45,480 | |
| Financial income | 75/76B | €14,243 | €411 | -€13,832 | -97.1% |
| Recurring financial income | 75 | €676 | €411 | -€266 | -39.3% |
| Non-recurring financial income | 76B | €13,567 | - | -€13,567 | |
| Financial charges | 65/66B | €1,123 | €4,801 | +€3,679 | +328% |
| Recurring financial charges | 65 | €1,103 | €4,801 | +€3,699 | +335% |
| Non-recurring financial charges | 66B | €20 | - | -€20 | |
| Profit (loss) for the period before taxes | 9903 | €23,435 | -€39,556 | -€62,991 | |
| Income taxes | 67/77 | €8,691 | €149 | -€8,542 | -98.3% |
| Profit (loss) for the period | 9904 | €14,744 | -€39,705 | -€54,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,744 | -€39,705 | -€54,449 |
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 24 October 2026 via checked.be.