RIFORCE: 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.
RIFORCE
Largest movements
- Receivables within one year +€144,170
up €144,170 (+37.8%), from €381,007 to €525,177
of which Trade receivables: +€130,459
- Cash +€129,301
up €129,301 (+75.7%), from €170,893 to €300,194
mainly Trade debts (+€88,378) and Short-term financial debts (+€73,023)
- Stocks and contracts -€21,061
down €21,061 (-20.0%), from €105,303 to €84,242
- Trade debts +€88,378
up €88,378 (+79.5%), from €111,101 to €199,479
- Short-term financial debts +€73,023
up €73,023 (+36.0%), from €202,720 to €275,743
- Reserves +€48,954
up €48,954 (+25.3%), from €193,260 to €242,214
of which Distributable reserves: +€48,954
- Tax, wage and social debts +€43,742
up €43,742 (+78.3%), from €55,843 to €99,584
of which Taxes: +€32,409
- Gross operating margin -€118,571
down €118,571 (-28.8%), from €411,149 to €292,578
- Taxes -€13,767
down €13,767 (-42.0%), from €32,766 to €19,000
- Staff costs +€6,019
up €6,019 (+3.1%), from €193,648 to €199,668
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 | €721,714 | €975,256 | +€253,542 | +35.1% |
| Fixed assets | 21/28 | €54,437 | €53,036 | -€1,401 | -2.6% |
| Intangible fixed assets | 21 | €3,558 | €2,845 | -€713 | -20.0% |
| Tangible fixed assets | 22/27 | €50,879 | €49,190 | -€1,689 | -3.3% |
| Plant, machinery and equipment | 23 | €12,380 | €11,042 | -€1,338 | -10.8% |
| Furniture and vehicles | 24 | €27,396 | €28,482 | +€1,086 | +4.0% |
| Other tangible fixed assets | 26 | €11,103 | €9,666 | -€1,436 | -12.9% |
| Financial fixed assets | 28 | €0 | €1,000 | +€1,000 | |
| Current assets | 29/58 | €667,277 | €922,220 | +€254,943 | +38.2% |
| Amounts receivable after more than one year | 29 | - | €3,750 | +€3,750 | |
| Other amounts receivable | 291 | - | €3,750 | +€3,750 | |
| Stocks and contracts in progress | 3 | €105,303 | €84,242 | -€21,061 | -20.0% |
| Stocks | 30/36 | €105,303 | €84,242 | -€21,061 | -20.0% |
| Amounts receivable within one year | 40/41 | €381,007 | €525,177 | +€144,170 | +37.8% |
| Trade receivables | 40 | €373,076 | €503,535 | +€130,459 | +35.0% |
| Other amounts receivable | 41 | €7,931 | €21,642 | +€13,711 | +173% |
| Cash at bank and in hand | 54/58 | €170,893 | €300,194 | +€129,301 | +75.7% |
| Deferred charges and accrued income | 490/1 | €10,074 | €8,857 | -€1,217 | -12.1% |
| Total equity and liabilities | 10/49 | €721,714 | €975,256 | +€253,542 | +35.1% |
| Equity | 10/15 | €238,260 | €287,214 | +€48,954 | +20.5% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €193,260 | €242,214 | +€48,954 | +25.3% |
| Tax-exempt reserves | 132 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €193,234 | €242,188 | +€48,954 | +25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €483,455 | €688,042 | +€204,587 | +42.3% |
| Amounts payable within one year | 42/48 | €483,165 | €687,743 | +€204,578 | +42.3% |
| Financial debts | 43 | €202,720 | €275,743 | +€73,023 | +36.0% |
| Credit institutions | 430/8 | €202,720 | €275,743 | +€73,023 | +36.0% |
| Trade debts | 44 | €111,101 | €199,479 | +€88,378 | +79.5% |
| Suppliers | 440/4 | €111,101 | €199,479 | +€88,378 | +79.5% |
| Taxes, remuneration and social security | 45 | €55,843 | €99,584 | +€43,742 | +78.3% |
| Taxes | 450/3 | €18,732 | €51,141 | +€32,409 | +173% |
| Remuneration and social security | 454/9 | €37,111 | €48,443 | +€11,332 | +30.5% |
| Other amounts payable | 47/48 | €113,500 | €112,937 | -€564 | -0.5% |
| Accrued charges and deferred income | 492/3 | €290 | €299 | +€9 | +3.1% |
| Remuneration, social security and pensions | 62 | €193,648 | €199,668 | +€6,019 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,199 | €11,997 | +€2,799 | +30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,706 | €2,772 | -€934 | -25.2% |
| Other operating charges | 640/8 | €4,926 | €5,139 | +€212 | +4.3% |
| Gross operating margin | 9900 | €411,149 | €292,578 | -€118,571 | -28.8% |
| Operating profit (loss) | 9901 | €199,669 | €73,002 | -€126,667 | -63.4% |
| Financial income | 75/76B | €112 | €534 | +€423 | +378% |
| Recurring financial income | 75 | €112 | €534 | +€423 | +378% |
| Financial charges | 65/66B | €7,160 | €5,583 | -€1,577 | -22.0% |
| Recurring financial charges | 65 | €7,160 | €5,583 | -€1,577 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €192,621 | €67,954 | -€124,667 | -64.7% |
| Income taxes | 67/77 | €32,766 | €19,000 | -€13,767 | -42.0% |
| Profit (loss) for the period | 9904 | €159,854 | €48,954 | -€110,900 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €159,854 | €48,954 | -€110,900 | -69.4% |
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 23 October 2026 via checked.be.