RIBAS: 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.
RIBAS
Largest movements
- Stocks and contracts -€352,352
down €352,352 (-97.7%), from €360,820 to €8,469
of which Stocks: -€312,327
- Receivables within one year +€74,384
up €74,384 (+122.5%), from €60,745 to €135,129
of which Other amounts receivable: +€53,768
- Tangible fixed assets -€12,782
down €12,782 (-48.3%), from €26,454 to €13,672
of which Leasing and similar rights: -€8,339
- Current portion of long-term debt -€262,235
down €262,235 (-98.4%), from €266,522 to €4,287
- Other debts -€45,746
no longer reported in 2025 (was €45,746)
- Trade debts +€11,262
up €11,262 (+56.8%), from €19,837 to €31,099
- Profit (loss) carried forward +€6,771
up €6,771 (+150.3%), from €4,505 to €11,277
- Depreciation -€4,926
down €4,926 (-28.3%), from €17,411 to €12,485
- Financial charges -€4,447
down €4,447 (-34.7%), from €12,828 to €8,381
- Gross operating margin +€3,845
up €3,845 (+12.7%), from €30,185 to €34,029
- Taxes +€1,207
up €1,207 (+199.8%), from €604 to €1,811
- Staff costs +€347
up €347 (+22.2%), from €1,567 to €1,914
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 | €458,146 | €164,215 | -€293,931 | -64.2% |
| Fixed assets | 21/28 | €28,719 | €15,937 | -€12,782 | -44.5% |
| Tangible fixed assets | 22/27 | €26,454 | €13,672 | -€12,782 | -48.3% |
| Land and buildings | 22 | €8,010 | €6,783 | -€1,227 | -15.3% |
| Plant, machinery and equipment | 23 | €4,095 | €1,439 | -€2,655 | -64.8% |
| Furniture and vehicles | 24 | €1,602 | €1,040 | -€561 | -35.0% |
| Leasing and similar rights | 25 | €12,748 | €4,409 | -€8,339 | -65.4% |
| Financial fixed assets | 28 | €2,265 | €2,265 | = | 0.0% |
| Current assets | 29/58 | €429,426 | €148,278 | -€281,149 | -65.5% |
| Stocks and contracts in progress | 3 | €360,820 | €8,469 | -€352,352 | -97.7% |
| Stocks | 30/36 | €316,795 | €4,469 | -€312,327 | -98.6% |
| Contracts in progress | 37 | €44,025 | €4,000 | -€40,025 | -90.9% |
| Amounts receivable within one year | 40/41 | €60,745 | €135,129 | +€74,384 | +122.5% |
| Trade receivables | 40 | €59,074 | €79,690 | +€20,616 | +34.9% |
| Other amounts receivable | 41 | €1,671 | €55,439 | +€53,768 | +3218.2% |
| Cash at bank and in hand | 54/58 | €4,482 | €3,000 | -€1,482 | -33.1% |
| Deferred charges and accrued income | 490/1 | €3,379 | €1,680 | -€1,699 | -50.3% |
| Total equity and liabilities | 10/49 | €458,146 | €164,215 | -€293,931 | -64.2% |
| Equity | 10/15 | €118,957 | €125,728 | +€6,771 | +5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €95,859 | €95,859 | = | 0.0% |
| Distributable reserves | 133 | €95,859 | €95,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,505 | €11,277 | +€6,771 | +150.3% |
| Amounts payable | 17/49 | €339,189 | €38,487 | -€300,702 | -88.7% |
| Amounts payable after more than one year | 17 | €4,287 | - | -€4,287 | |
| Financial debts | 170/4 | €4,287 | - | -€4,287 | |
| Amounts payable within one year | 42/48 | €334,902 | €38,487 | -€296,416 | -88.5% |
| Current portion of amounts payable after more than one year | 42 | €266,522 | €4,287 | -€262,235 | -98.4% |
| Trade debts | 44 | €19,837 | €31,099 | +€11,262 | +56.8% |
| Suppliers | 440/4 | €19,837 | €31,099 | +€11,262 | +56.8% |
| Taxes, remuneration and social security | 45 | €2,797 | €3,101 | +€303 | +10.8% |
| Taxes | 450/3 | €2,797 | €3,101 | +€303 | +10.8% |
| Other amounts payable | 47/48 | €45,746 | - | -€45,746 | |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Remuneration, social security and pensions | 62 | €1,567 | €1,914 | +€347 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,411 | €12,485 | -€4,926 | -28.3% |
| Other operating charges | 640/8 | €2,281 | €2,417 | +€135 | +5.9% |
| Non-recurring operating charges | 66A | - | €297 | +€297 | |
| Gross operating margin | 9900 | €30,185 | €34,029 | +€3,845 | +12.7% |
| Operating profit (loss) | 9901 | €8,925 | €16,916 | +€7,990 | +89.5% |
| Financial income | 75/76B | €83 | €48 | -€35 | -42.0% |
| Recurring financial income | 75 | €83 | €48 | -€35 | -42.0% |
| Financial charges | 65/66B | €12,828 | €8,381 | -€4,447 | -34.7% |
| Recurring financial charges | 65 | €12,828 | €8,381 | -€4,447 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,820 | €8,582 | +€12,403 | |
| Income taxes | 67/77 | €604 | €1,811 | +€1,207 | +199.8% |
| Profit (loss) for the period | 9904 | -€4,424 | €6,771 | +€11,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,424 | €6,771 | +€11,196 |
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 12 October 2026 via checked.be.