RIELBRO: 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.
RIELBRO
Largest movements
- Receivables within one year +€601,027
up €601,027 (+460.0%), from €130,652 to €731,680
of which Trade receivables: +€591,511
- Tangible fixed assets -€218,090
down €218,090 (-29.0%), from €752,917 to €534,827
of which Leasing and similar rights: -€123,722
- Cash +€69,720
up €69,720 (+14.2%), from €490,040 to €559,760
mainly Net result for the year (+€453,544) and Depreciation (+€218,090)
- Reserves +€453,544
up €453,544 (+122.4%), from €370,499 to €824,043
- Other debts +€139,951
up €139,951 (+122.4%), from €114,360 to €254,311
- Debts after one year -€133,213
down €133,213 (-54.9%), from €242,582 to €109,368
- Tax, wage and social debts +€128,904
up €128,904 (+879.7%), from €14,654 to €143,558
- Trade debts -€107,410
down €107,410 (-38.9%), from €276,044 to €168,634
- Gross operating margin +€674,063
up €674,063 (+220.5%), from €305,669 to €979,732
- Taxes +€140,092
up €140,092 (+856.2%), from €16,362 to €156,454
- Staff costs +€140,000
new in 2025: €140,000
- Depreciation +€14,803
up €14,803 (+7.3%), from €203,287 to €218,090
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 | €1,390,910 | €1,843,767 | +€452,857 | +32.6% |
| Fixed assets | 21/28 | €752,917 | €534,827 | -€218,090 | -29.0% |
| Tangible fixed assets | 22/27 | €752,917 | €534,827 | -€218,090 | -29.0% |
| Land and buildings | 22 | €160,234 | €150,448 | -€9,787 | -6.1% |
| Plant, machinery and equipment | 23 | €277,446 | €192,865 | -€84,582 | -30.5% |
| Leasing and similar rights | 25 | €315,236 | €191,515 | -€123,722 | -39.2% |
| Current assets | 29/58 | €637,993 | €1,308,940 | +€670,947 | +105.2% |
| Stocks and contracts in progress | 3 | €17,300 | €17,500 | +€200 | +1.2% |
| Stocks | 30/36 | €17,300 | €17,500 | +€200 | +1.2% |
| Amounts receivable within one year | 40/41 | €130,652 | €731,680 | +€601,027 | +460.0% |
| Trade receivables | 40 | €116,119 | €707,630 | +€591,511 | +509.4% |
| Other amounts receivable | 41 | €14,533 | €24,049 | +€9,516 | +65.5% |
| Cash at bank and in hand | 54/58 | €490,040 | €559,760 | +€69,720 | +14.2% |
| Total equity and liabilities | 10/49 | €1,390,910 | €1,843,767 | +€452,857 | +32.6% |
| Equity | 10/15 | €581,139 | €1,034,683 | +€453,544 | +78.0% |
| Contributions | 10/11 | €210,640 | €210,640 | = | 0.0% |
| Reserves | 13 | €370,499 | €824,043 | +€453,544 | +122.4% |
| Distributable reserves | 133 | €370,499 | €824,043 | +€453,544 | +122.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €809,770 | €809,084 | -€687 | -0.1% |
| Amounts payable after more than one year | 17 | €242,582 | €109,368 | -€133,213 | -54.9% |
| Financial debts | 170/4 | €242,582 | €109,368 | -€133,213 | -54.9% |
| Amounts payable within one year | 42/48 | €567,189 | €699,716 | +€132,527 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €162,131 | €133,213 | -€28,917 | -17.8% |
| Trade debts | 44 | €276,044 | €168,634 | -€107,410 | -38.9% |
| Suppliers | 440/4 | €276,044 | €168,634 | -€107,410 | -38.9% |
| Taxes, remuneration and social security | 45 | €14,654 | €143,558 | +€128,904 | +879.7% |
| Taxes | 450/3 | €14,654 | €143,558 | +€128,904 | +879.7% |
| Other amounts payable | 47/48 | €114,360 | €254,311 | +€139,951 | +122.4% |
| Remuneration, social security and pensions | 62 | - | €140,000 | +€140,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,287 | €218,090 | +€14,803 | +7.3% |
| Other operating charges | 640/8 | €6,133 | €6,353 | +€220 | +3.6% |
| Gross operating margin | 9900 | €305,669 | €979,732 | +€674,063 | +220.5% |
| Operating profit (loss) | 9901 | €96,249 | €615,290 | +€519,041 | +539.3% |
| Financial income | 75/76B | €2,176 | €1,574 | -€602 | -27.7% |
| Recurring financial income | 75 | €2,176 | €1,574 | -€602 | -27.7% |
| Financial charges | 65/66B | €8,978 | €6,866 | -€2,112 | -23.5% |
| Recurring financial charges | 65 | €8,978 | €6,866 | -€2,112 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €89,447 | €609,998 | +€520,551 | +582.0% |
| Income taxes | 67/77 | €16,362 | €156,454 | +€140,092 | +856.2% |
| Profit (loss) for the period | 9904 | €73,085 | €453,544 | +€380,459 | +520.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,085 | €453,544 | +€380,459 | +520.6% |
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 4 October 2026 via checked.be.