RICE: what changed
Two fiscal 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.
RICE
Largest movements
- Current investments +€265,476
up €265,476 (+24.7%), from €1.1m to €1.3m
- Cash -€106,084
down €106,084 (-60.2%), from €176,340 to €70,256
mainly Current investments (-€265,476) and Investment in fixed assets (net) (-€981)
- Reserves +€116,398
up €116,398 (+12.7%), from €916,195 to €1.0m
of which Distributable reserves: +€116,398
- Other debts +€22,810
up €22,810 (+17.1%), from €133,383 to €156,193
- Gross operating margin -€45,957
down €45,957 (-24.2%), from €189,851 to €143,894
- Depreciation -€15,685
down €15,685 (-83.8%), from €18,713 to €3,028
- Financial income +€14,275
up €14,275 (+47.9%), from €29,795 to €44,070
- Taxes -€3,695
down €3,695 (-6.3%), from €58,313 to €54,618
- Other operating charges -€3,686
down €3,686 (-70.7%), from €5,214 to €1,528
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 | €1,286,116 | €1,431,738 | +€145,622 | +11.3% |
| Fixed assets | 21/28 | €13,972 | €11,925 | -€2,047 | -14.7% |
| Tangible fixed assets | 22/27 | €13,972 | €11,925 | -€2,047 | -14.7% |
| Plant, machinery and equipment | 23 | - | €1,313 | +€1,313 | |
| Leasing and similar rights | 25 | €5,038 | €3,092 | -€1,946 | -38.6% |
| Other tangible fixed assets | 26 | €8,934 | €7,520 | -€1,414 | -15.8% |
| Current assets | 29/58 | €1,272,144 | €1,419,813 | +€147,669 | +11.6% |
| Amounts receivable within one year | 40/41 | €21,662 | €10,281 | -€11,381 | -52.5% |
| Trade receivables | 40 | €21,662 | €10,236 | -€11,426 | -52.7% |
| Other amounts receivable | 41 | - | €45 | +€45 | |
| Current investments | 50/53 | €1,073,767 | €1,339,243 | +€265,476 | +24.7% |
| Cash at bank and in hand | 54/58 | €176,340 | €70,256 | -€106,084 | -60.2% |
| Deferred charges and accrued income | 490/1 | €375 | €33 | -€342 | -91.2% |
| Total equity and liabilities | 10/49 | €1,286,116 | €1,431,738 | +€145,622 | +11.3% |
| Equity | 10/15 | €1,118,920 | €1,235,318 | +€116,398 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €916,195 | €1,032,593 | +€116,398 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €858,085 | €974,483 | +€116,398 | +13.6% |
| Profit (loss) carried forward | 14 | €184,125 | €184,125 | = | 0.0% |
| Amounts payable | 17/49 | €167,196 | €196,420 | +€29,224 | +17.5% |
| Amounts payable within one year | 42/48 | €157,484 | €186,305 | +€28,821 | +18.3% |
| Trade debts | 44 | €341 | €1,051 | +€710 | +208.2% |
| Suppliers | 440/4 | €341 | €1,051 | +€710 | +208.2% |
| Taxes, remuneration and social security | 45 | €23,760 | €29,061 | +€5,301 | +22.3% |
| Taxes | 450/3 | €23,760 | €29,061 | +€5,301 | +22.3% |
| Other amounts payable | 47/48 | €133,383 | €156,193 | +€22,810 | +17.1% |
| Accrued charges and deferred income | 492/3 | €9,712 | €10,115 | +€403 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,713 | €3,028 | -€15,685 | -83.8% |
| Other operating charges | 640/8 | €5,214 | €1,528 | -€3,686 | -70.7% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €189,851 | €143,894 | -€45,957 | -24.2% |
| Operating profit (loss) | 9901 | €165,924 | €138,990 | -€26,934 | -16.2% |
| Financial income | 75/76B | €29,795 | €44,070 | +€14,275 | +47.9% |
| Recurring financial income | 75 | €29,795 | €44,070 | +€14,275 | +47.9% |
| Financial charges | 65/66B | €11,344 | €12,044 | +€700 | +6.2% |
| Recurring financial charges | 65 | €11,344 | €12,044 | +€700 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €184,375 | €171,016 | -€13,359 | -7.2% |
| Income taxes | 67/77 | €58,313 | €54,618 | -€3,695 | -6.3% |
| Profit (loss) for the period | 9904 | €126,062 | €116,398 | -€9,664 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,062 | €116,398 | -€9,664 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.