RIETGRACHTHOEVE: 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.
RIETGRACHTHOEVE
Largest movements
- Deferred charges and accrued income +€101,733
up €101,733 (+4,007%), from €2,539 to €104,272
- Cash -€22,735
down €22,735 (-30.3%), from €74,927 to €52,192
mainly Deferred charges and accrued income (-€101,733) and Advances received (-€21,821)
- Receivables within one year +€11,809
up €11,809 (+24.0%), from €49,199 to €61,008
of which Other amounts receivable: +€11,839
- Tangible fixed assets -€7,519
down €7,519 (-32.6%), from €23,039 to €15,520
of which Plant, machinery and equipment: -€7,117
- Trade debts +€114,672
up €114,672 (+4,587%), from €2,500 to €117,172
- Advances received -€21,821
down €21,821 (-100%), from €21,821 to €0
- Reserves -€6,635
down €6,635 (-5.8%), from €114,781 to €108,146
- Tax, wage and social debts -€2,553
down €2,553 (-86.7%), from €2,944 to €390
- Gross operating margin +€4,353
up €4,353 (+54.5%), from €7,987 to €12,341
- Write-downs -€3,863
down €3,863 (-100%), from €3,863 to €0
- Depreciation +€606
up €606 (+9.0%), from €6,732 to €7,338
- Other operating charges +€456
up €456 (+4.5%), from €10,156 to €10,612
- Financial income -€311
down €311 (-49.7%), from €627 to €316
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 | €160,645 | €244,308 | +€83,663 | +52.1% |
| Fixed assets | 21/28 | €23,039 | €15,520 | -€7,519 | -32.6% |
| Tangible fixed assets | 22/27 | €23,039 | €15,520 | -€7,519 | -32.6% |
| Plant, machinery and equipment | 23 | €21,858 | €14,740 | -€7,117 | -32.6% |
| Furniture and vehicles | 24 | €1,181 | €779 | -€401 | -34.0% |
| Current assets | 29/58 | €137,606 | €228,789 | +€91,182 | +66.3% |
| Stocks and contracts in progress | 3 | €10,942 | €11,317 | +€375 | +3.4% |
| Stocks | 30/36 | €10,942 | €11,317 | +€375 | +3.4% |
| Amounts receivable within one year | 40/41 | €49,199 | €61,008 | +€11,809 | +24.0% |
| Trade receivables | 40 | €37,274 | €37,245 | -€29 | -0.1% |
| Other amounts receivable | 41 | €11,925 | €23,764 | +€11,839 | +99.3% |
| Cash at bank and in hand | 54/58 | €74,927 | €52,192 | -€22,735 | -30.3% |
| Deferred charges and accrued income | 490/1 | €2,539 | €104,272 | +€101,733 | +4,007% |
| Total equity and liabilities | 10/49 | €160,645 | €244,308 | +€83,663 | +52.1% |
| Equity | 10/15 | €133,381 | €126,746 | -€6,635 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,781 | €108,146 | -€6,635 | -5.8% |
| Distributable reserves | 133 | €114,781 | €108,146 | -€6,635 | -5.8% |
| Amounts payable | 17/49 | €27,264 | €117,563 | +€90,298 | +331% |
| Amounts payable within one year | 42/48 | €27,264 | €117,563 | +€90,298 | +331% |
| Trade debts | 44 | €2,500 | €117,172 | +€114,672 | +4,587% |
| Suppliers | 440/4 | €2,500 | €117,172 | +€114,672 | +4,587% |
| Advances received on contracts in progress | 46 | €21,821 | €0 | -€21,821 | -100% |
| Taxes, remuneration and social security | 45 | €2,944 | €390 | -€2,553 | -86.7% |
| Taxes | 450/3 | €2,944 | €390 | -€2,553 | -86.7% |
| Non-recurring operating income | 76A | €3,733 | €400 | -€3,333 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,732 | €7,338 | +€606 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,863 | €0 | -€3,863 | -100% |
| Other operating charges | 640/8 | €10,156 | €10,612 | +€456 | +4.5% |
| Non-recurring operating charges | 66A | - | €1,016 | +€1,016 | |
| Gross operating margin | 9900 | €7,987 | €12,341 | +€4,353 | +54.5% |
| Operating profit (loss) | 9901 | -€12,763 | -€6,625 | +€6,139 | +48.1% |
| Financial income | 75/76B | €627 | €316 | -€311 | -49.7% |
| Recurring financial income | 75 | €627 | €316 | -€311 | -49.7% |
| Financial charges | 65/66B | €296 | €161 | -€135 | -45.5% |
| Recurring financial charges | 65 | €253 | €161 | -€92 | -36.2% |
| Non-recurring financial charges | 66B | €43 | €0 | -€43 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€12,432 | -€6,470 | +€5,962 | +48.0% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€12,592 | -€6,635 | +€5,957 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,592 | -€6,635 | +€5,957 | +47.3% |
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 15 October 2026 via checked.be.