Rielco: 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.
Rielco
Largest movements
- Financial fixed assets +€222,592
up €222,592 (+2,968%), from €7,500 to €230,092
- Cash -€61,504
down €61,504 (-85.4%), from €72,054 to €10,550
mainly Contributions, distributions and other (-€251,700) and Investment in fixed assets (net) (-€216,570)
- Tangible fixed assets -€8,500
down €8,500 (-49.2%), from €17,267 to €8,767
- Receivables within one year +€4,939
up €4,939 (+21.7%), from €22,768 to €27,707
of which Other amounts receivable: +€3,201
- Debts after one year +€129,203
up €129,203 (+6,444%), from €2,005 to €131,207
- Reserves -€95,055
down €95,055 (-100.0%), from €95,062 to €7
- Other debts +€88,570
up €88,570 (+1,389%), from €6,375 to €94,945
- Current portion of long-term debt +€18,591
up €18,591 (+403%), from €4,619 to €23,210
- Tax, wage and social debts +€17,694
up €17,694 (+183%), from €9,660 to €27,354
- Financial income -€74,933
down €74,933 (-38.4%), from €195,244 to €120,311
- Gross operating margin +€18,107
up €18,107 (+42.6%), from €42,525 to €60,632
- Financial charges +€6,267
up €6,267 (+835%), from €750 to €7,018
- Taxes +€6,105
up €6,105 (+76.8%), from €7,944 to €14,049
- Depreciation -€3,175
down €3,175 (-56.2%), from €5,653 to €2,478
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 | €120,740 | €279,463 | +€158,723 | +131% |
| Fixed assets | 21/28 | €24,767 | €238,859 | +€214,092 | +864% |
| Tangible fixed assets | 22/27 | €17,267 | €8,767 | -€8,500 | -49.2% |
| Furniture and vehicles | 24 | €17,267 | €8,767 | -€8,500 | -49.2% |
| Financial fixed assets | 28 | €7,500 | €230,092 | +€222,592 | +2,968% |
| Current assets | 29/58 | €95,973 | €40,604 | -€55,369 | -57.7% |
| Amounts receivable within one year | 40/41 | €22,768 | €27,707 | +€4,939 | +21.7% |
| Trade receivables | 40 | €11,872 | €13,610 | +€1,738 | +14.6% |
| Other amounts receivable | 41 | €10,896 | €14,097 | +€3,201 | +29.4% |
| Cash at bank and in hand | 54/58 | €72,054 | €10,550 | -€61,504 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,152 | €2,347 | +€1,195 | +104% |
| Total equity and liabilities | 10/49 | €120,740 | €279,463 | +€158,723 | +131% |
| Equity | 10/15 | €96,062 | €1,007 | -€95,055 | -99.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €95,062 | €7 | -€95,055 | -100.0% |
| Distributable reserves | 133 | €95,062 | €7 | -€95,055 | -100.0% |
| Amounts payable | 17/49 | €24,679 | €278,456 | +€253,777 | +1,028% |
| Amounts payable after more than one year | 17 | €2,005 | €131,207 | +€129,203 | +6,444% |
| Financial debts | 170/4 | €2,005 | €131,207 | +€129,203 | +6,444% |
| Amounts payable within one year | 42/48 | €22,674 | €147,248 | +€124,575 | +549% |
| Current portion of amounts payable after more than one year | 42 | €4,619 | €23,210 | +€18,591 | +403% |
| Trade debts | 44 | €2,020 | €1,740 | -€280 | -13.9% |
| Suppliers | 440/4 | €2,020 | €1,740 | -€280 | -13.9% |
| Taxes, remuneration and social security | 45 | €9,660 | €27,354 | +€17,694 | +183% |
| Taxes | 450/3 | €9,660 | €27,354 | +€17,694 | +183% |
| Other amounts payable | 47/48 | €6,375 | €94,945 | +€88,570 | +1,389% |
| Non-recurring operating income | 76A | - | €776 | +€776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,653 | €2,478 | -€3,175 | -56.2% |
| Other operating charges | 640/8 | €909 | €753 | -€156 | -17.1% |
| Gross operating margin | 9900 | €42,525 | €60,632 | +€18,107 | +42.6% |
| Operating profit (loss) | 9901 | €35,963 | €57,401 | +€21,438 | +59.6% |
| Financial income | 75/76B | €195,244 | €120,311 | -€74,933 | -38.4% |
| Recurring financial income | 75 | €195,244 | €120,311 | -€74,933 | -38.4% |
| Financial charges | 65/66B | €750 | €7,018 | +€6,267 | +835% |
| Recurring financial charges | 65 | €750 | €7,018 | +€6,267 | +835% |
| Profit (loss) for the period before taxes | 9903 | €230,457 | €170,694 | -€59,762 | -25.9% |
| Income taxes | 67/77 | €7,944 | €14,049 | +€6,105 | +76.8% |
| Profit (loss) for the period | 9904 | €222,513 | €156,645 | -€65,867 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €222,513 | €156,645 | -€65,867 | -29.6% |
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 25 October 2026 via checked.be.