RIEA: 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.
RIEA
Largest movements
- Receivables within one year +€15,346
up €15,346 (+43.2%), from €35,497 to €50,843
- Cash -€14,681
down €14,681 (-47.1%), from €31,180 to €16,499
mainly Receivables within one year (-€15,346) and Stocks and contracts (-€11,695)
- Stocks and contracts +€11,695
up €11,695 (+68.7%), from €17,031 to €28,726
- Tangible fixed assets -€5,894
down €5,894 (-52.1%), from €11,319 to €5,424
- Deferred charges and accrued income +€2,799
new in 2021: €2,799
- Tax, wage and social debts +€14,095
new in 2021: €14,095
of which Taxes: +€13,858
- Trade debts -€7,219
down €7,219 (-82.3%), from €8,776 to €1,556
- Equity +€2,309
up €2,309 (+2.7%), from €86,331 to €88,640
of which Contributions: +€12,400
- Staff costs +€21,330
new in 2021: €21,330
- Taxes +€20,370
new in 2021: €20,370
- Gross operating margin +€10,021
up €10,021 (+22.3%), from €44,909 to €54,931
- Other operating charges +€3,694
new in 2021: €3,694
- Financial charges +€1,336
new in 2021: €1,336
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,107 | €104,291 | +€9,185 | +9.7% |
| Fixed assets | 21/28 | €11,399 | €5,424 | -€5,974 | -52.4% |
| Tangible fixed assets | 22/27 | €11,319 | €5,424 | -€5,894 | -52.1% |
| Plant, machinery and equipment | 23 | - | €1,645 | +€1,645 | |
| Furniture and vehicles | 24 | - | €3,779 | +€3,779 | |
| Financial fixed assets | 28 | €80 | - | -€80 | |
| Current assets | 29/58 | €83,708 | €98,867 | +€15,159 | +18.1% |
| Stocks and contracts in progress | 3 | €17,031 | €28,726 | +€11,695 | +68.7% |
| Stocks | 30/36 | - | €28,726 | +€28,726 | |
| Amounts receivable within one year | 40/41 | €35,497 | €50,843 | +€15,346 | +43.2% |
| Other amounts receivable | 41 | - | €50,843 | +€50,843 | |
| Cash at bank and in hand | 54/58 | €31,180 | €16,499 | -€14,681 | -47.1% |
| Deferred charges and accrued income | 490/1 | - | €2,799 | +€2,799 | |
| Total equity and liabilities | 10/49 | €95,107 | €104,291 | +€9,185 | +9.7% |
| Equity | 10/15 | €86,331 | €88,640 | +€2,309 | +2.7% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €20,562 | €20,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,028 | +€1,028 | |
| Reserves not available under the articles | 1311 | - | €1,028 | +€1,028 | |
| Distributable reserves | 133 | - | €19,534 | +€19,534 | |
| Profit (loss) carried forward | 14 | €53,370 | €55,678 | +€2,309 | +4.3% |
| Amounts payable | 17/49 | €8,776 | €15,652 | +€6,876 | +78.4% |
| Amounts payable within one year | 42/48 | €8,776 | €15,652 | +€6,876 | +78.4% |
| Trade debts | 44 | €8,776 | €1,556 | -€7,219 | -82.3% |
| Suppliers | 440/4 | - | €1,556 | +€1,556 | |
| Taxes, remuneration and social security | 45 | - | €14,095 | +€14,095 | |
| Taxes | 450/3 | - | €13,858 | +€13,858 | |
| Remuneration and social security | 454/9 | - | €237 | +€237 | |
| Remuneration, social security and pensions | 62 | - | €21,330 | +€21,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,249 | €4,014 | -€235 | -5.5% |
| Other operating charges | 640/8 | - | €3,694 | +€3,694 | |
| Non-recurring operating charges | 66A | - | €1,880 | +€1,880 | |
| Gross operating margin | 9900 | €44,909 | €54,931 | +€10,021 | +22.3% |
| Operating profit (loss) | 9901 | €38,205 | €24,013 | -€14,192 | -37.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €1,336 | +€1,336 | |
| Recurring financial charges | 65 | €38 | €1,336 | +€1,298 | +3429.1% |
| Profit (loss) for the period before taxes | 9903 | €38,167 | €22,679 | -€15,488 | -40.6% |
| Income taxes | 67/77 | - | €20,370 | +€20,370 | |
| Profit (loss) for the period | 9904 | €38,167 | €2,309 | -€35,859 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,167 | €2,309 | -€35,859 | -94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.