Rifslie: 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.
Rifslie
Largest movements
- Tangible fixed assets -€29,930
down €29,930 (-10.0%), from €298,670 to €268,740
- Deferred charges and accrued income +€6,965
up €6,965 (+359%), from €1,942 to €8,908
- Cash -€5,031
down €5,031 (-73.7%), from €6,829 to €1,798
mainly Net result for the year (-€22,891) and Debts after one year (-€17,099)
- Receivables within one year -€4,975
down €4,975 (-65.0%), from €7,653 to €2,677
of which Trade receivables: -€3,743
- Profit (loss) carried forward -€22,891
down €22,891 (-14.6%), from -€156,865 to -€179,756
- Debts after one year -€17,099
down €17,099 (-3.7%), from €464,574 to €447,474
- Trade debts +€7,124
up €7,124 (+189%), from €3,764 to €10,888
- Advances received -€5,826
down €5,826 (-100%), from €5,826 to €0
- Tax, wage and social debts +€5,028
new in 2025: €5,028
of which Taxes: +€3,528
- Gross operating margin +€3,097
up €3,097 (+19.3%), from €16,084 to €19,181
- Financial charges -€1,715
down €1,715 (-17.0%), from €10,089 to €8,373
- Depreciation -€852
down €852 (-2.6%), from €33,260 to €32,408
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 | €359,091 | €326,894 | -€32,197 | -9.0% |
| Fixed assets | 21/28 | €298,670 | €268,740 | -€29,930 | -10.0% |
| Tangible fixed assets | 22/27 | €298,670 | €268,740 | -€29,930 | -10.0% |
| Land and buildings | 22 | €251,500 | €237,445 | -€14,056 | -5.6% |
| Plant, machinery and equipment | 23 | €16,702 | €10,436 | -€6,266 | -37.5% |
| Furniture and vehicles | 24 | €1,532 | €260 | -€1,272 | -83.0% |
| Leasing and similar rights | 25 | €28,935 | €20,599 | -€8,336 | -28.8% |
| Current assets | 29/58 | €60,422 | €58,154 | -€2,268 | -3.8% |
| Stocks and contracts in progress | 3 | €43,998 | €44,771 | +€773 | +1.8% |
| Stocks | 30/36 | €43,998 | €44,771 | +€773 | +1.8% |
| Amounts receivable within one year | 40/41 | €7,653 | €2,677 | -€4,975 | -65.0% |
| Trade receivables | 40 | €6,171 | €2,427 | -€3,743 | -60.7% |
| Other amounts receivable | 41 | €1,482 | €250 | -€1,232 | -83.1% |
| Cash at bank and in hand | 54/58 | €6,829 | €1,798 | -€5,031 | -73.7% |
| Deferred charges and accrued income | 490/1 | €1,942 | €8,908 | +€6,965 | +359% |
| Total equity and liabilities | 10/49 | €359,091 | €326,894 | -€32,197 | -9.0% |
| Equity | 10/15 | -€136,366 | -€159,257 | -€22,891 | -16.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €7,999 | €7,999 | = | 0.0% |
| Distributable reserves | 133 | €7,999 | €7,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,865 | -€179,756 | -€22,891 | -14.6% |
| Amounts payable | 17/49 | €495,458 | €486,152 | -€9,306 | -1.9% |
| Amounts payable after more than one year | 17 | €464,574 | €447,474 | -€17,099 | -3.7% |
| Financial debts | 170/4 | €464,574 | €447,474 | -€17,099 | -3.7% |
| Amounts payable within one year | 42/48 | €29,445 | €37,239 | +€7,795 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €16,102 | €17,099 | +€997 | +6.2% |
| Trade debts | 44 | €3,764 | €10,888 | +€7,124 | +189% |
| Suppliers | 440/4 | €3,764 | €10,888 | +€7,124 | +189% |
| Advances received on contracts in progress | 46 | €5,826 | €0 | -€5,826 | -100% |
| Taxes, remuneration and social security | 45 | - | €5,028 | +€5,028 | |
| Taxes | 450/3 | - | €3,528 | +€3,528 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €3,753 | €4,224 | +€470 | +12.5% |
| Accrued charges and deferred income | 492/3 | €1,439 | €1,438 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,260 | €32,408 | -€852 | -2.6% |
| Other operating charges | 640/8 | €1,298 | €1,291 | -€6 | -0.5% |
| Gross operating margin | 9900 | €16,084 | €19,181 | +€3,097 | +19.3% |
| Operating profit (loss) | 9901 | -€18,474 | -€14,518 | +€3,956 | +21.4% |
| Financial income | 75/76B | €67 | €0 | -€67 | -100% |
| Recurring financial income | 75 | €67 | €0 | -€67 | -100% |
| Financial charges | 65/66B | €10,089 | €8,373 | -€1,715 | -17.0% |
| Recurring financial charges | 65 | €10,089 | €8,373 | -€1,715 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,495 | -€22,891 | +€5,604 | +19.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,495 | -€22,891 | +€5,604 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,495 | -€22,891 | +€5,604 | +19.7% |
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 31 October 2026 via checked.be.