RIBEM: 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.
RIBEM
Largest movements
- Tangible fixed assets -€154,520
down €154,520 (-5.6%), from €2.7m to €2.6m
of which Land and buildings: -€157,621
- Other debts -€64,454
down €64,454 (-6.8%), from €950,938 to €886,484
- Reserves -€36,358
down €36,358 (-6.1%), from €596,334 to €559,977
of which Tax-exempt reserves: -€36,358
- Gross operating margin +€39,862
up €39,862 (+17.7%), from €224,895 to €264,758
- Financial charges -€12,985
down €12,985 (-15.7%), from €82,900 to €69,914
- Other operating charges +€6,041
up €6,041 (+8.2%), from €74,122 to €80,163
- Depreciation -€4,662
down €4,662 (-2.9%), from €163,034 to €158,372
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 | €2,793,735 | €2,672,162 | -€121,574 | -4.4% |
| Fixed assets | 21/28 | €2,742,202 | €2,587,682 | -€154,520 | -5.6% |
| Tangible fixed assets | 22/27 | €2,742,202 | €2,587,682 | -€154,520 | -5.6% |
| Land and buildings | 22 | €2,741,790 | €2,584,169 | -€157,621 | -5.7% |
| Plant, machinery and equipment | 23 | €139 | €3,513 | +€3,374 | +2,436% |
| Furniture and vehicles | 24 | €274 | - | -€274 | |
| Current assets | 29/58 | €51,533 | €84,479 | +€32,946 | +63.9% |
| Amounts receivable within one year | 40/41 | €20,000 | €36,365 | +€16,365 | +81.8% |
| Trade receivables | 40 | - | €16,365 | +€16,365 | |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,631 | €39,895 | +€16,263 | +68.8% |
| Deferred charges and accrued income | 490/1 | €7,902 | €8,219 | +€318 | +4.0% |
| Total equity and liabilities | 10/49 | €2,793,735 | €2,672,162 | -€121,574 | -4.4% |
| Equity | 10/15 | €1,037,446 | €1,005,699 | -€31,747 | -3.1% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €596,334 | €559,977 | -€36,358 | -6.1% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €492,534 | €456,177 | -€36,358 | -7.4% |
| Distributable reserves | 133 | €28,800 | €28,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308,889 | -€304,278 | +€4,611 | +1.5% |
| Provisions and deferred taxes | 16 | €163,511 | €151,392 | -€12,119 | -7.4% |
| Deferred taxes | 168 | €163,511 | €151,392 | -€12,119 | -7.4% |
| Amounts payable | 17/49 | €1,592,778 | €1,515,071 | -€77,707 | -4.9% |
| Amounts payable after more than one year | 17 | €600,000 | €603,558 | +€3,558 | +0.6% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €3,558 | +€3,558 | |
| Amounts payable within one year | 42/48 | €991,258 | €909,947 | -€81,311 | -8.2% |
| Trade debts | 44 | €16,700 | €3,745 | -€12,955 | -77.6% |
| Suppliers | 440/4 | €16,700 | €3,745 | -€12,955 | -77.6% |
| Taxes, remuneration and social security | 45 | €23,620 | €19,717 | -€3,902 | -16.5% |
| Taxes | 450/3 | €23,620 | €19,717 | -€3,902 | -16.5% |
| Other amounts payable | 47/48 | €950,938 | €886,484 | -€64,454 | -6.8% |
| Accrued charges and deferred income | 492/3 | €1,520 | €1,566 | +€46 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,034 | €158,372 | -€4,662 | -2.9% |
| Other operating charges | 640/8 | €74,122 | €80,163 | +€6,041 | +8.2% |
| Gross operating margin | 9900 | €224,895 | €264,758 | +€39,862 | +17.7% |
| Operating profit (loss) | 9901 | -€12,261 | €26,223 | +€38,483 | |
| Financial charges | 65/66B | €82,900 | €69,914 | -€12,985 | -15.7% |
| Recurring financial charges | 65 | €82,900 | €69,914 | -€12,985 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€95,160 | -€43,692 | +€51,469 | +54.1% |
| Transfer from deferred taxes | 780 | €12,119 | €12,119 | = | 0.0% |
| Income taxes | 67/77 | €142 | €174 | +€33 | +23.2% |
| Profit (loss) for the period | 9904 | -€83,183 | -€31,747 | +€51,436 | +61.8% |
| Transfer from tax-exempt reserves | 789 | €36,358 | €36,358 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,825 | €4,611 | +€51,436 |
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 15 October 2026 via checked.be.