RIELAN CONSULT: 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.
What changed
RIELAN CONSULT
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €2.9m-€278,969
Equity
€14.0m
2024 · €11.4m+€2.6m
Cash
€11.3m
2024 · €42,750+€11.2m
Balance sheet total
€14.5m
2024 · €12.3m+€2.2m
Largest movements
Assets
- Cash +€11.2m
up €11.2m (+26,307%), from €42,750 to €11.3m
mainly Current investments (+€9.1m) and Net result for the year (+€2.6m)
- Current investments -€9.1m
down €9.1m (-75.3%), from €12.1m to €3.0m
Equity and liabilities
- Reserves +€2.6m
up €2.6m (+23.1%), from €11.4m to €14.0m
of which Distributable reserves: +€2.4m
- Other debts -€420,000
down €420,000 (-100%), from €420,000 to €0
Income statement
- Turnover -€399,050
down €399,050 (-10.8%), from €3.7m to €3.3m
- Taxes -€96,442
down €96,442 (-10.0%), from €964,404 to €867,961
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.
Result 2024
€2.9m
Turnover
-€399,050
Services and other goods
-€8,644
Other operating charges
-€442
Financial income
+€35,206
Financial charges
-€2,480
Taxes
+€96,442
Result 2025
€2.6m
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
+€9.1m
Financing
+€13,686
Cash 2024
€42,750
From operations (derived)
+€2.2m
Net result for the year
+€2.6m
Depreciation
+€18,157
Receivables within one year
-€62,841
Smaller working-capital items
-€308
Other debts
-€420,000
Investment (derived)
+€9.1m
Current investments
+€9.1m
Financing
+€13,686
Debts after one year
+€13,686
Cash 2025
€11.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,300,947 | €14,514,689 | +€2.2m | +18.0% |
| Fixed assets | 21/28 | €61,331 | €43,174 | -€18,157 | -29.6% |
| Tangible fixed assets | 22/27 | €61,331 | €43,174 | -€18,157 | -29.6% |
| Furniture and vehicles | 24 | €61,331 | €43,174 | -€18,157 | -29.6% |
| Current assets | 29/58 | €12,239,616 | €14,471,515 | +€2.2m | +18.2% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €134,296 | €197,137 | +€62,841 | +46.8% |
| Trade receivables | 40 | €75,464 | €29,201 | -€46,262 | -61.3% |
| Other amounts receivable | 41 | €58,832 | €167,936 | +€109,104 | +185% |
| Current investments | 50/53 | €12,053,715 | €2,980,000 | -€9.1m | -75.3% |
| Other investments | 51/53 | €12,053,715 | €2,980,000 | -€9.1m | -75.3% |
| Cash at bank and in hand | 54/58 | €42,750 | €11,288,901 | +€11.2m | +26,307% |
| Deferred charges and accrued income | 490/1 | €8,856 | €5,477 | -€3,379 | -38.2% |
| Total equity and liabilities | 10/49 | €12,300,947 | €14,514,689 | +€2.2m | +18.0% |
| Equity | 10/15 | €11,382,792 | €14,006,535 | +€2.6m | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,376,592 | €14,000,335 | +€2.6m | +23.1% |
| Tax-exempt reserves | 132 | €1,473,500 | €1,684,000 | +€210,500 | +14.3% |
| Distributable reserves | 133 | €9,903,092 | €12,316,335 | +€2.4m | +24.4% |
| Amounts payable | 17/49 | €918,155 | €508,154 | -€410,001 | -44.7% |
| Amounts payable after more than one year | 17 | €445,279 | €458,964 | +€13,686 | +3.1% |
| Other amounts payable | 178/9 | €445,279 | €458,964 | +€13,686 | +3.1% |
| Amounts payable within one year | 42/48 | €441,084 | €14,540 | -€426,544 | -96.7% |
| Trade debts | 44 | €1,984 | €1,974 | -€10 | -0.5% |
| Suppliers | 440/4 | €1,984 | €1,974 | -€10 | -0.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,100 | €12,566 | -€6,534 | -34.2% |
| Taxes | 450/3 | €19,100 | €12,566 | -€6,534 | -34.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €420,000 | €0 | -€420,000 | -100% |
| Accrued charges and deferred income | 492/3 | €31,792 | €34,650 | +€2,858 | +9.0% |
| Operating income | 70/76A | €3,694,200 | €3,295,150 | -€399,050 | -10.8% |
| Turnover | 70 | €3,694,200 | €3,295,150 | -€399,050 | -10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €216,207 | €225,293 | +€9,086 | +4.2% |
| Services and other goods | 61 | €195,774 | €204,418 | +€8,644 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,157 | €18,157 | = | 0.0% |
| Other operating charges | 640/8 | €2,276 | €2,718 | +€442 | +19.4% |
| Operating profit (loss) | 9901 | €3,477,993 | €3,069,857 | -€408,136 | -11.7% |
| Financial income | 75/76B | €420,964 | €456,169 | +€35,206 | +8.4% |
| Recurring financial income | 75 | €420,964 | €456,169 | +€35,206 | +8.4% |
| Income from current assets | 751 | €420,964 | €452,995 | +€32,031 | +7.6% |
| Other financial income | 752/9 | - | €3,174 | +€3,174 | |
| Financial charges | 65/66B | €31,842 | €34,322 | +€2,480 | +7.8% |
| Recurring financial charges | 65 | €31,842 | €34,322 | +€2,480 | +7.8% |
| Debt charges | 650 | €30,989 | €33,252 | +€2,263 | +7.3% |
| Other financial charges | 652/9 | €853 | €1,070 | +€217 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €3,867,115 | €3,491,704 | -€375,411 | -9.7% |
| Income taxes | 67/77 | €964,404 | €867,961 | -€96,442 | -10.0% |
| Taxes | 670/3 | €964,404 | €867,961 | -€96,442 | -10.0% |
| Profit (loss) for the period | 9904 | €2,902,712 | €2,623,743 | -€278,969 | -9.6% |
| Transfer from tax-exempt reserves | 789 | €417,850 | €210,500 | -€207,350 | -49.6% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,899,562 | €2,413,243 | -€486,319 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.