Riedinger Michel: 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.
Riedinger Michel
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash -€8,712
down €8,712 (-18.8%), from €46,354 to €37,642
mainly Net result for the year (-€47,075) and Other debts (-€11,892)
- Receivables within one year -€8,540
down €8,540 (-67.2%), from €12,705 to €4,165
of which Trade receivables: -€11,808
- Profit (loss) carried forward -€47,075
down €47,075, from €20,001 to -€27,074
- Other debts -€11,892
no longer reported in 2025 (was €11,892)
- Tax, wage and social debts -€7,431
down €7,431 (-97.7%), from €7,606 to €175
of which Taxes: -€7,606
- Gross operating margin -€107,068
down €107,068, from €61,153 to -€45,915
- Financial charges -€37,468
down €37,468 (-99.3%), from €37,738 to €270
- Taxes -€4,492
no longer reported in 2025 (was €4,492)
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 | €111,329 | €44,062 | -€67,267 | -60.4% |
| Fixed assets | 21/28 | €1,679 | €1,994 | +€315 | +18.8% |
| Tangible fixed assets | 22/27 | €1,679 | €1,994 | +€315 | +18.8% |
| Furniture and vehicles | 24 | €1,679 | €1,994 | +€315 | +18.8% |
| Current assets | 29/58 | €109,650 | €42,068 | -€67,582 | -61.6% |
| Amounts receivable within one year | 40/41 | €12,705 | €4,165 | -€8,540 | -67.2% |
| Trade receivables | 40 | €12,705 | €897 | -€11,808 | -92.9% |
| Other amounts receivable | 41 | - | €3,268 | +€3,268 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €46,354 | €37,642 | -€8,712 | -18.8% |
| Deferred charges and accrued income | 490/1 | €591 | €261 | -€330 | -55.8% |
| Total equity and liabilities | 10/49 | €111,329 | €44,062 | -€67,267 | -60.4% |
| Equity | 10/15 | €90,914 | €43,839 | -€47,075 | -51.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,913 | €50,913 | = | 0.0% |
| Distributable reserves | 133 | €50,913 | €50,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,001 | -€27,074 | -€47,075 | |
| Amounts payable | 17/49 | €20,415 | €223 | -€20,192 | -98.9% |
| Amounts payable within one year | 42/48 | €20,415 | €223 | -€20,192 | -98.9% |
| Trade debts | 44 | €917 | €48 | -€869 | -94.8% |
| Suppliers | 440/4 | €917 | €48 | -€869 | -94.8% |
| Taxes, remuneration and social security | 45 | €7,606 | €175 | -€7,431 | -97.7% |
| Taxes | 450/3 | €7,606 | - | -€7,606 | |
| Remuneration and social security | 454/9 | - | €175 | +€175 | |
| Other amounts payable | 47/48 | €11,892 | - | -€11,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €1,075 | -€595 | -35.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €61,153 | -€45,915 | -€107,068 | |
| Operating profit (loss) | 9901 | €59,096 | -€47,390 | -€106,486 | |
| Financial income | 75/76B | €415 | €585 | +€170 | +41.0% |
| Recurring financial income | 75 | €415 | €585 | +€170 | +41.0% |
| Financial charges | 65/66B | €37,738 | €270 | -€37,468 | -99.3% |
| Recurring financial charges | 65 | €37,738 | €270 | -€37,468 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €21,773 | -€47,075 | -€68,848 | |
| Income taxes | 67/77 | €4,492 | - | -€4,492 | |
| Profit (loss) for the period | 9904 | €17,281 | -€47,075 | -€64,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,281 | -€47,075 | -€64,356 |
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 16 October 2026 via checked.be.