RIAS BAIXAS: 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.
What changed
RIAS BAIXAS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€158,758
2024 · -€11,966+€170,724
Equity
€1.8m
2024 · €1.6m+€158,758
Cash
€13,458
2024 · €29,383-€15,925
Balance sheet total
€3.7m
2024 · €3.8m-€124,684
Largest movements
Assets
- Tangible fixed assets -€111,177
down €111,177 (-2.9%), from €3.8m to €3.7m
of which Land and buildings: -€99,962
Equity and liabilities
- Other debts -€200,477
down €200,477 (-15.8%), from €1.3m to €1.1m
- Reserves +€158,758
up €158,758 (+13.5%), from €1.2m to €1.3m
of which Distributable reserves: +€170,622
- Tax, wage and social debts +€106,631
up €106,631 (+122%), from €87,436 to €194,067
- Debts after one year -€95,053
down €95,053 (-18.6%), from €510,896 to €415,843
- Current portion of long-term debt -€84,499
down €84,499 (-47.1%), from €179,552 to €95,053
Income statement
- Gross operating margin +€220,975
up €220,975 (+81.0%), from €272,977 to €493,953
- Taxes +€61,023
up €61,023 (+126%), from €48,582 to €109,605
- Financial charges -€18,183
down €18,183 (-16.3%), from €111,409 to €93,226
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.
Result 2024
-€11,966
Gross operating margin
+€220,975
Depreciation
-€3,312
Other operating charges
-€3,264
Financial income
-€836
Financial charges
+€18,183
Taxes
-€61,023
Result 2025
€158,758
raises the resultlowers the result
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.
From operations
+€178,800
Investment
-€15,173
Financing
-€179,552
Cash 2024
€29,383
From operations (derived)
+€178,800
Net result for the year
+€158,758
Depreciation
+€126,350
Receivables within one year
-€2,433
Smaller working-capital items
+€87
Provisions
-€3,360
Trade debts
+€958
Tax, wage and social debts
+€106,631
Other debts
-€200,477
Accrued charges and deferred income
-€7,714
Investment (derived)
-€15,173
Investment in fixed assets (net)
-€15,173
Financing
-€179,552
Debts after one year
-€95,053
Current portion of long-term debt
-€84,499
Cash 2025
€13,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,818,665 | €3,693,981 | -€124,684 | -3.3% |
| Fixed assets | 21/28 | €3,777,782 | €3,666,604 | -€111,177 | -2.9% |
| Tangible fixed assets | 22/27 | €3,775,082 | €3,663,904 | -€111,177 | -2.9% |
| Land and buildings | 22 | €3,578,386 | €3,478,425 | -€99,962 | -2.8% |
| Plant, machinery and equipment | 23 | €9,249 | €7,294 | -€1,955 | -21.1% |
| Furniture and vehicles | 24 | €156,896 | €120,917 | -€35,979 | -22.9% |
| Other tangible fixed assets | 26 | €30,551 | €57,269 | +€26,719 | +87.5% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €40,883 | €27,376 | -€13,507 | -33.0% |
| Amounts receivable within one year | 40/41 | €4,491 | €6,924 | +€2,433 | +54.2% |
| Trade receivables | 40 | €4,491 | €3,253 | -€1,238 | -27.6% |
| Other amounts receivable | 41 | - | €3,670 | +€3,670 | |
| Cash at bank and in hand | 54/58 | €29,383 | €13,458 | -€15,925 | -54.2% |
| Deferred charges and accrued income | 490/1 | €7,009 | €6,994 | -€15 | -0.2% |
| Total equity and liabilities | 10/49 | €3,818,665 | €3,693,981 | -€124,684 | -3.3% |
| Equity | 10/15 | €1,599,398 | €1,758,156 | +€158,758 | +9.9% |
| Contributions | 10/11 | €419,920 | €419,920 | = | 0.0% |
| Reserves | 13 | €1,179,479 | €1,338,236 | +€158,758 | +13.5% |
| Tax-exempt reserves | 132 | €253,229 | €241,365 | -€11,864 | -4.7% |
| Distributable reserves | 133 | €926,250 | €1,096,871 | +€170,622 | +18.4% |
| Provisions and deferred taxes | 16 | €108,059 | €104,699 | -€3,360 | -3.1% |
| Deferred taxes | 168 | €108,059 | €104,699 | -€3,360 | -3.1% |
| Amounts payable | 17/49 | €2,111,208 | €1,831,126 | -€280,082 | -13.3% |
| Amounts payable after more than one year | 17 | €510,896 | €415,843 | -€95,053 | -18.6% |
| Financial debts | 170/4 | €510,896 | €415,843 | -€95,053 | -18.6% |
| Amounts payable within one year | 42/48 | €1,538,627 | €1,361,313 | -€177,315 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €179,552 | €95,053 | -€84,499 | -47.1% |
| Trade debts | 44 | €4,773 | €5,730 | +€958 | +20.1% |
| Suppliers | 440/4 | €4,773 | €5,730 | +€958 | +20.1% |
| Advances received on contracts in progress | 46 | - | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €87,436 | €194,067 | +€106,631 | +122% |
| Taxes | 450/3 | €87,436 | €194,067 | +€106,631 | +122% |
| Other amounts payable | 47/48 | €1,266,867 | €1,066,390 | -€200,477 | -15.8% |
| Accrued charges and deferred income | 492/3 | €61,684 | €53,970 | -€7,714 | -12.5% |
| Non-recurring operating income | 76A | - | €2,178 | +€2,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,039 | €126,350 | +€3,312 | +2.7% |
| Other operating charges | 640/8 | €6,110 | €9,374 | +€3,264 | +53.4% |
| Gross operating margin | 9900 | €272,977 | €493,953 | +€220,975 | +81.0% |
| Operating profit (loss) | 9901 | €143,829 | €358,229 | +€214,400 | +149% |
| Financial income | 75/76B | €836 | - | -€836 | |
| Recurring financial income | 75 | €836 | - | -€836 | |
| Financial charges | 65/66B | €111,409 | €93,226 | -€18,183 | -16.3% |
| Recurring financial charges | 65 | €111,409 | €93,226 | -€18,183 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €33,256 | €265,003 | +€231,747 | +697% |
| Transfer from deferred taxes | 780 | €3,360 | €3,360 | = | 0.0% |
| Income taxes | 67/77 | €48,582 | €109,605 | +€61,023 | +126% |
| Profit (loss) for the period | 9904 | -€11,966 | €158,758 | +€170,724 | |
| Transfer from tax-exempt reserves | 789 | €11,864 | €11,864 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€102 | €170,622 | +€170,724 |
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 22 October 2026 via checked.be.