Riels: 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.
Riels
Largest movements
- Tangible fixed assets -€29,446
down €29,446 (-75.7%), from €38,902 to €9,455
- Cash +€28,580
up €28,580 (+18.4%), from €155,233 to €183,813
mainly Net result for the year (+€48,360) and Investment in fixed assets (net) (+€15,563)
- Reserves +€46,642
up €46,642 (+39.3%), from €118,598 to €165,240
- Tax, wage and social debts -€18,180
down €18,180 (-58.5%), from €31,091 to €12,911
of which Taxes: -€11,060
- Debts after one year -€15,110
down €15,110 (-58.6%), from €25,787 to €10,678
- Trade debts -€13,695
down €13,695 (-95.5%), from €14,338 to €644
- Staff costs -€28,422
down €28,422 (-37.8%), from €75,159 to €46,738
- Taxes +€9,819
up €9,819 (+97.3%), from €10,087 to €19,906
- Depreciation -€6,512
down €6,512 (-31.9%), from €20,395 to €13,883
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 | €215,651 | €214,955 | -€696 | -0.3% |
| Fixed assets | 21/28 | €38,902 | €9,455 | -€29,446 | -75.7% |
| Tangible fixed assets | 22/27 | €38,902 | €9,455 | -€29,446 | -75.7% |
| Plant, machinery and equipment | 23 | €11,053 | - | -€11,053 | |
| Furniture and vehicles | 24 | €23,339 | €9,455 | -€13,883 | -59.5% |
| Other tangible fixed assets | 26 | €4,510 | - | -€4,510 | |
| Current assets | 29/58 | €176,749 | €205,500 | +€28,750 | +16.3% |
| Amounts receivable within one year | 40/41 | €750 | €1,176 | +€425 | +56.7% |
| Trade receivables | 40 | €698 | €906 | +€208 | +29.7% |
| Other amounts receivable | 41 | €52 | €269 | +€218 | +421% |
| Current investments | 50/53 | €20,220 | €20,363 | +€143 | +0.7% |
| Cash at bank and in hand | 54/58 | €155,233 | €183,813 | +€28,580 | +18.4% |
| Deferred charges and accrued income | 490/1 | €546 | €148 | -€398 | -72.8% |
| Total equity and liabilities | 10/49 | €215,651 | €214,955 | -€696 | -0.3% |
| Equity | 10/15 | €124,798 | €171,440 | +€46,642 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,598 | €165,240 | +€46,642 | +39.3% |
| Distributable reserves | 133 | €118,598 | €165,240 | +€46,642 | +39.3% |
| Amounts payable | 17/49 | €90,853 | €43,515 | -€47,338 | -52.1% |
| Amounts payable after more than one year | 17 | €25,787 | €10,678 | -€15,110 | -58.6% |
| Financial debts | 170/4 | €25,787 | €10,678 | -€15,110 | -58.6% |
| Amounts payable within one year | 42/48 | €65,066 | €32,837 | -€32,229 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €14,743 | €15,110 | +€366 | +2.5% |
| Trade debts | 44 | €14,338 | €644 | -€13,695 | -95.5% |
| Suppliers | 440/4 | €14,338 | €644 | -€13,695 | -95.5% |
| Taxes, remuneration and social security | 45 | €31,091 | €12,911 | -€18,180 | -58.5% |
| Taxes | 450/3 | €20,905 | €9,845 | -€11,060 | -52.9% |
| Remuneration and social security | 454/9 | €10,185 | €3,066 | -€7,119 | -69.9% |
| Other amounts payable | 47/48 | €4,894 | €4,173 | -€721 | -14.7% |
| Remuneration, social security and pensions | 62 | €75,159 | €46,738 | -€28,422 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,395 | €13,883 | -€6,512 | -31.9% |
| Other operating charges | 640/8 | €3,497 | €2,800 | -€697 | -19.9% |
| Gross operating margin | 9900 | €132,776 | €132,760 | -€15 | 0.0% |
| Operating profit (loss) | 9901 | €33,724 | €69,340 | +€35,615 | +106% |
| Financial income | 75/76B | €666 | €1,084 | +€418 | +62.8% |
| Recurring financial income | 75 | €666 | €1,084 | +€418 | +62.8% |
| Financial charges | 65/66B | €3,076 | €2,157 | -€919 | -29.9% |
| Recurring financial charges | 65 | €3,076 | €2,157 | -€919 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €31,314 | €68,266 | +€36,953 | +118% |
| Income taxes | 67/77 | €10,087 | €19,906 | +€9,819 | +97.3% |
| Profit (loss) for the period | 9904 | €21,226 | €48,360 | +€27,134 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €21,226 | €48,360 | +€27,134 | +128% |
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 14 October 2026 via checked.be.