RIBAT: 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.
RIBAT
Largest movements
- Tangible fixed assets -€71,936
down €71,936 (-7.0%), from €1.0m to €952,357
of which Plant, machinery and equipment: -€53,049
- Receivables within one year +€14,638
up €14,638 (+112.6%), from €13,000 to €27,638
- Debts after one year -€95,286
down €95,286 (-11.6%), from €823,321 to €728,035
of which Financial debts: -€95,286
- Profit (loss) carried forward +€29,521
up €29,521 (+45.2%), from €65,325 to €94,846
- Current portion of long-term debt +€20,795
up €20,795 (+22.3%), from €93,064 to €113,859
- Taxes +€7,428
up €7,428 (+297.1%), from €2,500 to €9,928
- Gross operating margin -€4,105
down €4,105 (-2.7%), from €150,197 to €146,093
- Depreciation +€3,518
up €3,518 (+5.1%), from €68,417 to €71,936
- Financial charges -€1,996
down €1,996 (-6.7%), from €29,643 to €27,648
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 | €1,053,627 | €1,006,363 | -€47,265 | -4.5% |
| Fixed assets | 21/28 | €1,024,292 | €952,357 | -€71,936 | -7.0% |
| Tangible fixed assets | 22/27 | €1,024,292 | €952,357 | -€71,936 | -7.0% |
| Land and buildings | 22 | €408,619 | €389,732 | -€18,886 | -4.6% |
| Plant, machinery and equipment | 23 | €615,674 | €562,624 | -€53,049 | -8.6% |
| Current assets | 29/58 | €29,335 | €54,006 | +€24,671 | +84.1% |
| Amounts receivable within one year | 40/41 | €13,000 | €27,638 | +€14,638 | +112.6% |
| Other amounts receivable | 41 | €13,000 | €27,638 | +€14,638 | +112.6% |
| Cash at bank and in hand | 54/58 | €16,335 | €26,368 | +€10,033 | +61.4% |
| Total equity and liabilities | 10/49 | €1,053,627 | €1,006,363 | -€47,265 | -4.5% |
| Equity | 10/15 | €133,495 | €163,017 | +€29,521 | +22.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,325 | €94,846 | +€29,521 | +45.2% |
| Amounts payable | 17/49 | €920,132 | €843,346 | -€76,786 | -8.3% |
| Amounts payable after more than one year | 17 | €823,321 | €728,035 | -€95,286 | -11.6% |
| Financial debts | 170/4 | €688,235 | €592,949 | -€95,286 | -13.8% |
| Other amounts payable | 178/9 | €135,086 | €135,086 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,810 | €115,310 | +€18,500 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €93,064 | €113,859 | +€20,795 | +22.3% |
| Trade debts | 44 | €1,246 | - | -€1,246 | |
| Suppliers | 440/4 | €1,246 | - | -€1,246 | |
| Taxes, remuneration and social security | 45 | €2,500 | - | -€2,500 | |
| Taxes | 450/3 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €1,451 | +€1,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,417 | €71,936 | +€3,518 | +5.1% |
| Other operating charges | 640/8 | €6,901 | €7,060 | +€160 | +2.3% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €150,197 | €146,093 | -€4,105 | -2.7% |
| Operating profit (loss) | 9901 | €64,879 | €67,097 | +€2,218 | +3.4% |
| Financial charges | 65/66B | €29,643 | €27,648 | -€1,996 | -6.7% |
| Recurring financial charges | 65 | €29,643 | €27,648 | -€1,996 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €35,236 | €39,449 | +€4,213 | +12.0% |
| Income taxes | 67/77 | €2,500 | €9,928 | +€7,428 | +297.1% |
| Profit (loss) for the period | 9904 | €32,736 | €29,521 | -€3,215 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,736 | €29,521 | -€3,215 | -9.8% |
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 10 October 2026 via checked.be.