RIELISE: 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.
RIELISE
Largest movements
- Cash -€114,704
down €114,704 (-40.7%), from €282,073 to €167,368
mainly Contributions, distributions and other (-€100,440) and Investment in fixed assets (net) (-€57,333)
- Financial fixed assets +€57,333
up €57,333 (+6.3%), from €907,567 to €964,900
- Receivables within one year -€18,755
no longer reported in 2025 (was €18,755)
- Debts after one year -€46,078
down €46,078 (-13.6%), from €339,507 to €293,429
- Profit (loss) carried forward -€30,279
down €30,279 (-3.7%), from €817,455 to €787,175
- Other debts -€19,846
down €19,846 (-63.4%), from €31,309 to €11,463
- Financial income +€16,894
up €16,894 (+156%), from €10,852 to €27,747
of which Financial income: +€15,206
- Gross operating margin -€6,328
down €6,328 (-6.9%), from €91,875 to €85,547
- Taxes +€6,099
up €6,099 (+28.1%), from €21,731 to €27,830
- Depreciation -€1,469
down €1,469 (-17.3%), from €8,476 to €7,007
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 | €1,247,478 | €1,161,009 | -€86,469 | -6.9% |
| Fixed assets | 21/28 | €939,805 | €990,131 | +€50,326 | +5.4% |
| Tangible fixed assets | 22/27 | €32,238 | €25,231 | -€7,007 | -21.7% |
| Plant, machinery and equipment | 23 | €950 | - | -€950 | |
| Furniture and vehicles | 24 | €1,816 | €1,362 | -€454 | -25.0% |
| Other tangible fixed assets | 26 | €29,472 | €23,869 | -€5,603 | -19.0% |
| Financial fixed assets | 28 | €907,567 | €964,900 | +€57,333 | +6.3% |
| Current assets | 29/58 | €307,673 | €170,878 | -€136,795 | -44.5% |
| Amounts receivable within one year | 40/41 | €18,755 | - | -€18,755 | |
| Trade receivables | 40 | €18,755 | - | -€18,755 | |
| Cash at bank and in hand | 54/58 | €282,073 | €167,368 | -€114,704 | -40.7% |
| Deferred charges and accrued income | 490/1 | €6,845 | €3,510 | -€3,336 | -48.7% |
| Total equity and liabilities | 10/49 | €1,247,478 | €1,161,009 | -€86,469 | -6.9% |
| Equity | 10/15 | €837,915 | €807,635 | -€30,279 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817,455 | €787,175 | -€30,279 | -3.7% |
| Amounts payable | 17/49 | €409,563 | €353,374 | -€56,189 | -13.7% |
| Amounts payable after more than one year | 17 | €339,507 | €293,429 | -€46,078 | -13.6% |
| Financial debts | 170/4 | €339,507 | €293,429 | -€46,078 | -13.6% |
| Amounts payable within one year | 42/48 | €70,056 | €59,945 | -€10,111 | -14.4% |
| Financial debts | 43 | €20,267 | €21,078 | +€811 | +4.0% |
| Other loans | 439 | €20,267 | €21,078 | +€811 | +4.0% |
| Trade debts | 44 | €2,694 | €6,315 | +€3,621 | +134% |
| Suppliers | 440/4 | €2,694 | €6,315 | +€3,621 | +134% |
| Taxes, remuneration and social security | 45 | €15,786 | €21,089 | +€5,303 | +33.6% |
| Taxes | 450/3 | €15,786 | €21,089 | +€5,303 | +33.6% |
| Other amounts payable | 47/48 | €31,309 | €11,463 | -€19,846 | -63.4% |
| Non-recurring operating income | 76A | €550 | €144 | -€406 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,476 | €7,007 | -€1,469 | -17.3% |
| Other operating charges | 640/8 | €144 | - | -€144 | |
| Gross operating margin | 9900 | €91,875 | €85,547 | -€6,328 | -6.9% |
| Operating profit (loss) | 9901 | €83,255 | €78,539 | -€4,715 | -5.7% |
| Financial income | 75/76B | €10,852 | €27,747 | +€16,894 | +156% |
| Recurring financial income | 75 | €4,705 | €19,911 | +€15,206 | +323% |
| Non-recurring financial income | 76B | €6,147 | €7,835 | +€1,688 | +27.5% |
| Financial charges | 65/66B | €8,822 | €8,295 | -€527 | -6.0% |
| Recurring financial charges | 65 | €8,822 | €8,295 | -€527 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €85,286 | €97,991 | +€12,705 | +14.9% |
| Income taxes | 67/77 | €21,731 | €27,830 | +€6,099 | +28.1% |
| Profit (loss) for the period | 9904 | €63,554 | €70,161 | +€6,606 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,554 | €70,161 | +€6,606 | +10.4% |
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 13 October 2026 via checked.be.