RIBCAR: 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.
RIBCAR
Largest movements
- Tangible fixed assets -€267,679
down €267,679 (-20.6%), from €1.3m to €1.0m
- Cash -€62,624
down €62,624 (-96.7%), from €64,738 to €2,114
mainly Debts after one year (-€232,877) and Other debts (-€62,589)
- Debts after one year -€232,877
down €232,877 (-35.7%), from €652,978 to €420,102
of which Financial debts: -€178,119
- Other debts -€62,589
down €62,589 (-13.9%), from €448,904 to €386,315
- Current portion of long-term debt -€57,202
down €57,202 (-20.3%), from €281,921 to €224,719
- Trade debts +€29,282
up €29,282 (+88.5%), from €33,084 to €62,367
- Gross operating margin -€14,843
down €14,843 (-5.1%), from €291,620 to €276,777
- Depreciation -€6,061
down €6,061 (-2.5%), from €240,216 to €234,155
- Other operating charges -€4,451
down €4,451 (-25.6%), from €17,416 to €12,965
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 | €1,528,818 | €1,205,853 | -€322,965 | -21.1% |
| Fixed assets | 21/28 | €1,301,661 | €1,033,982 | -€267,679 | -20.6% |
| Tangible fixed assets | 22/27 | €1,301,661 | €1,033,982 | -€267,679 | -20.6% |
| Furniture and vehicles | 24 | €1,301,661 | €1,033,982 | -€267,679 | -20.6% |
| Current assets | 29/58 | €227,157 | €171,872 | -€55,286 | -24.3% |
| Amounts receivable within one year | 40/41 | €155,991 | €162,811 | +€6,821 | +4.4% |
| Trade receivables | 40 | €128,244 | €125,434 | -€2,810 | -2.2% |
| Other amounts receivable | 41 | €27,746 | €37,377 | +€9,631 | +34.7% |
| Cash at bank and in hand | 54/58 | €64,738 | €2,114 | -€62,624 | -96.7% |
| Deferred charges and accrued income | 490/1 | €6,429 | €6,946 | +€517 | +8.0% |
| Total equity and liabilities | 10/49 | €1,528,818 | €1,205,853 | -€322,965 | -21.1% |
| Equity | 10/15 | €107,460 | €107,880 | +€421 | +0.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,374 | €73,795 | +€421 | +0.6% |
| Amounts payable | 17/49 | €1,421,359 | €1,097,973 | -€323,386 | -22.8% |
| Amounts payable after more than one year | 17 | €652,978 | €420,102 | -€232,877 | -35.7% |
| Financial debts | 170/4 | €450,490 | €272,371 | -€178,119 | -39.5% |
| Other amounts payable | 178/9 | €202,489 | €147,730 | -€54,758 | -27.0% |
| Amounts payable within one year | 42/48 | €763,910 | €673,401 | -€90,509 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €281,921 | €224,719 | -€57,202 | -20.3% |
| Trade debts | 44 | €33,084 | €62,367 | +€29,282 | +88.5% |
| Suppliers | 440/4 | €33,084 | €62,367 | +€29,282 | +88.5% |
| Other amounts payable | 47/48 | €448,904 | €386,315 | -€62,589 | -13.9% |
| Accrued charges and deferred income | 492/3 | €4,470 | €4,470 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,216 | €234,155 | -€6,061 | -2.5% |
| Other operating charges | 640/8 | €17,416 | €12,965 | -€4,451 | -25.6% |
| Gross operating margin | 9900 | €291,620 | €276,777 | -€14,843 | -5.1% |
| Operating profit (loss) | 9901 | €33,988 | €29,658 | -€4,331 | -12.7% |
| Financial charges | 65/66B | €26,844 | €27,142 | +€298 | +1.1% |
| Recurring financial charges | 65 | €26,844 | €27,142 | +€298 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €7,145 | €2,516 | -€4,629 | -64.8% |
| Income taxes | 67/77 | €998 | €2,095 | +€1,097 | +110% |
| Profit (loss) for the period | 9904 | €6,146 | €421 | -€5,726 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,146 | €421 | -€5,726 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.