Riel: 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.
Riel
Largest movements
- Cash -€41,621
down €41,621 (-49.2%), from €84,672 to €43,051
mainly Receivables within one year (-€36,036) and Advances received (-€27,485)
- Receivables within one year +€36,036
up €36,036 (+34.5%), from €104,426 to €140,462
of which Trade receivables: +€28,396
- Stocks and contracts -€19,511
down €19,511 (-58.2%), from €33,496 to €13,985
- Tangible fixed assets -€7,338
down €7,338 (-38.6%), from €19,017 to €11,679
of which Plant, machinery and equipment: -€5,145
- Advances received -€27,485
down €27,485 (-100.0%), from €27,485 to €0
- Trade debts -€19,086
down €19,086 (-65.6%), from €29,102 to €10,017
- Reserves +€15,833
up €15,833 (+11.7%), from €135,248 to €151,081
- Gross operating margin -€16,643
down €16,643 (-38.2%), from €43,612 to €26,970
- Taxes -€5,246
down €5,246 (-39.8%), from €13,166 to €7,920
- Financial income +€1,047
up €1,047 (+25.8%), from €4,054 to €5,101
- Depreciation -€459
down €459 (-5.9%), from €7,798 to €7,338
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 | €241,970 | €209,873 | -€32,098 | -13.3% |
| Fixed assets | 21/28 | €19,017 | €11,679 | -€7,338 | -38.6% |
| Tangible fixed assets | 22/27 | €19,017 | €11,679 | -€7,338 | -38.6% |
| Land and buildings | 22 | €4,011 | €1,817 | -€2,193 | -54.7% |
| Plant, machinery and equipment | 23 | €15,006 | €9,861 | -€5,145 | -34.3% |
| Current assets | 29/58 | €222,953 | €198,194 | -€24,759 | -11.1% |
| Stocks and contracts in progress | 3 | €33,496 | €13,985 | -€19,511 | -58.2% |
| Stocks | 30/36 | €33,496 | €13,985 | -€19,511 | -58.2% |
| Amounts receivable within one year | 40/41 | €104,426 | €140,462 | +€36,036 | +34.5% |
| Trade receivables | 40 | €12,000 | €40,396 | +€28,396 | +236.6% |
| Other amounts receivable | 41 | €92,426 | €100,066 | +€7,640 | +8.3% |
| Cash at bank and in hand | 54/58 | €84,672 | €43,051 | -€41,621 | -49.2% |
| Deferred charges and accrued income | 490/1 | €359 | €696 | +€336 | +93.6% |
| Total equity and liabilities | 10/49 | €241,970 | €209,873 | -€32,098 | -13.3% |
| Equity | 10/15 | €160,248 | €176,081 | +€15,833 | +9.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €135,248 | €151,081 | +€15,833 | +11.7% |
| Distributable reserves | 133 | €135,248 | €151,081 | +€15,833 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,722 | €33,792 | -€47,930 | -58.7% |
| Amounts payable within one year | 42/48 | €81,722 | €33,792 | -€47,930 | -58.7% |
| Trade debts | 44 | €29,102 | €10,017 | -€19,086 | -65.6% |
| Suppliers | 440/4 | €29,102 | €10,017 | -€19,086 | -65.6% |
| Advances received on contracts in progress | 46 | €27,485 | €0 | -€27,485 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,135 | €23,775 | -€1,360 | -5.4% |
| Taxes | 450/3 | €25,135 | €23,775 | -€1,360 | -5.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,798 | €7,338 | -€459 | -5.9% |
| Other operating charges | 640/8 | €741 | €860 | +€119 | +16.0% |
| Gross operating margin | 9900 | €43,612 | €26,970 | -€16,643 | -38.2% |
| Operating profit (loss) | 9901 | €35,074 | €18,771 | -€16,302 | -46.5% |
| Financial income | 75/76B | €4,054 | €5,101 | +€1,047 | +25.8% |
| Recurring financial income | 75 | €4,054 | €5,101 | +€1,047 | +25.8% |
| Financial charges | 65/66B | €248 | €119 | -€129 | -51.9% |
| Recurring financial charges | 65 | €248 | €119 | -€129 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €38,880 | €23,753 | -€15,127 | -38.9% |
| Income taxes | 67/77 | €13,166 | €7,920 | -€5,246 | -39.8% |
| Profit (loss) for the period | 9904 | €25,714 | €15,833 | -€9,881 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,714 | €15,833 | -€9,881 | -38.4% |
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 7 October 2026 via checked.be.