RIELO: 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.
RIELO
Largest movements
- Current investments +€108,455
up €108,455 (+23.6%), from €458,715 to €567,170
- Receivables within one year +€95,712
up €95,712 (+31.6%), from €302,503 to €398,215
of which Other amounts receivable: +€95,007
- Cash -€80,811
down €80,811 (-23.0%), from €351,244 to €270,433
mainly Current investments (-€108,455) and Receivables within one year (-€95,712)
- Reserves +€192,923
up €192,923 (+15.5%), from €1.2m to €1.4m
of which Distributable reserves: +€192,923
- Current portion of long-term debt -€69,988
down €69,988 (-80.3%), from €87,187 to €17,199
- Financial income +€118,744
up €118,744 (+675.9%), from €17,569 to €136,313
- Taxes +€18,760
up €18,760 (+47.0%), from €39,879 to €58,639
- Gross operating margin +€8,110
up €8,110 (+5.6%), from €144,694 to €152,804
- Depreciation +€2,151
up €2,151 (+10.6%), from €20,358 to €22,509
- Other operating charges +€1,572
up €1,572 (+77.5%), from €2,027 to €3,598
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 | €1,613,505 | €1,737,597 | +€124,092 | +7.7% |
| Fixed assets | 21/28 | €494,577 | €496,917 | +€2,340 | +0.5% |
| Tangible fixed assets | 22/27 | €450,327 | €452,667 | +€2,340 | +0.5% |
| Land and buildings | 22 | €428,180 | €428,333 | +€153 | 0.0% |
| Furniture and vehicles | 24 | €10,312 | €6,128 | -€4,184 | -40.6% |
| Other tangible fixed assets | 26 | €11,836 | €18,206 | +€6,370 | +53.8% |
| Financial fixed assets | 28 | €44,250 | €44,250 | = | 0.0% |
| Current assets | 29/58 | €1,118,928 | €1,240,680 | +€121,752 | +10.9% |
| Stocks and contracts in progress | 3 | - | €461 | +€461 | |
| Stocks | 30/36 | - | €461 | +€461 | |
| Amounts receivable within one year | 40/41 | €302,503 | €398,215 | +€95,712 | +31.6% |
| Trade receivables | 40 | €82,834 | €83,539 | +€705 | +0.9% |
| Other amounts receivable | 41 | €219,669 | €314,676 | +€95,007 | +43.3% |
| Current investments | 50/53 | €458,715 | €567,170 | +€108,455 | +23.6% |
| Cash at bank and in hand | 54/58 | €351,244 | €270,433 | -€80,811 | -23.0% |
| Deferred charges and accrued income | 490/1 | €6,466 | €4,401 | -€2,065 | -31.9% |
| Total equity and liabilities | 10/49 | €1,613,505 | €1,737,597 | +€124,092 | +7.7% |
| Equity | 10/15 | €1,246,361 | €1,439,284 | +€192,923 | +15.5% |
| Reserves | 13 | €1,246,361 | €1,439,284 | +€192,923 | +15.5% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €1,229,861 | €1,422,784 | +€192,923 | +15.7% |
| Amounts payable | 17/49 | €367,144 | €298,313 | -€68,831 | -18.7% |
| Amounts payable after more than one year | 17 | €231,238 | €219,019 | -€12,219 | -5.3% |
| Financial debts | 170/4 | €231,238 | €219,019 | -€12,219 | -5.3% |
| Amounts payable within one year | 42/48 | €135,005 | €78,094 | -€56,911 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €87,187 | €17,199 | -€69,988 | -80.3% |
| Trade debts | 44 | €6,000 | €10,963 | +€4,963 | +82.7% |
| Suppliers | 440/4 | €6,000 | €10,963 | +€4,963 | +82.7% |
| Taxes, remuneration and social security | 45 | €41,018 | €49,132 | +€8,114 | +19.8% |
| Taxes | 450/3 | €38,318 | €46,432 | +€8,114 | +21.2% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €900 | €1,200 | +€300 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,358 | €22,509 | +€2,151 | +10.6% |
| Other operating charges | 640/8 | €2,027 | €3,598 | +€1,572 | +77.5% |
| Gross operating margin | 9900 | €144,694 | €152,804 | +€8,110 | +5.6% |
| Operating profit (loss) | 9901 | €122,310 | €126,697 | +€4,387 | +3.6% |
| Financial income | 75/76B | €17,569 | €136,313 | +€118,744 | +675.9% |
| Recurring financial income | 75 | €17,569 | €136,313 | +€118,744 | +675.9% |
| Financial charges | 65/66B | €11,025 | €10,648 | -€377 | -3.4% |
| Recurring financial charges | 65 | €11,025 | €10,648 | -€377 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €128,854 | €252,362 | +€123,508 | +95.9% |
| Income taxes | 67/77 | €39,879 | €58,639 | +€18,760 | +47.0% |
| Profit (loss) for the period | 9904 | €88,976 | €193,723 | +€104,747 | +117.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,976 | €193,723 | +€104,747 | +117.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.