RIGA: what changed
Two fiscal 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.
RIGA
Largest movements
- Cash -€13,004
down €13,004 (-55.1%), from €23,601 to €10,597
mainly Trade debts (-€17,412) and Receivables within one year (-€5,994)
- Receivables within one year +€5,994
up €5,994 (+210.7%), from €2,844 to €8,839
of which Trade receivables: +€5,994
- Tangible fixed assets -€4,319
down €4,319 (-29.2%), from €14,805 to €10,486
of which Other tangible fixed assets: -€4,059
- Deferred charges and accrued income +€1,777
up €1,777 (+361.4%), from €492 to €2,269
- Trade debts -€17,412
down €17,412 (-60.9%), from €28,608 to €11,197
- Reserves +€12,258
up €12,258 (+38.3%), from €31,993 to €44,252
of which Distributable reserves: +€12,258
- Other debts -€3,141
down €3,141 (-3.9%), from €80,202 to €77,062
- Gross operating margin +€15,671
up €15,671 (+35.1%), from €44,646 to €60,317
- Taxes +€3,217
up €3,217 (+183.7%), from €1,751 to €4,968
- Financial income +€1,733
up €1,733 (+10012.8%), from €17 to €1,751
- Staff costs +€1,446
up €1,446 (+4.9%), from €29,600 to €31,046
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 | €172,305 | €162,754 | -€9,551 | -5.5% |
| Fixed assets | 21/28 | €140,589 | €136,270 | -€4,319 | -3.1% |
| Intangible fixed assets | 21 | €125,784 | €125,784 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,805 | €10,486 | -€4,319 | -29.2% |
| Furniture and vehicles | 24 | €1,300 | €1,040 | -€260 | -20.0% |
| Other tangible fixed assets | 26 | €13,505 | €9,446 | -€4,059 | -30.1% |
| Current assets | 29/58 | €31,716 | €26,484 | -€5,233 | -16.5% |
| Stocks and contracts in progress | 3 | €4,779 | €4,779 | = | 0.0% |
| Stocks | 30/36 | €4,779 | €4,779 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,844 | €8,839 | +€5,994 | +210.7% |
| Trade receivables | 40 | - | €5,994 | +€5,994 | |
| Other amounts receivable | 41 | €2,844 | €2,844 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,601 | €10,597 | -€13,004 | -55.1% |
| Deferred charges and accrued income | 490/1 | €492 | €2,269 | +€1,777 | +361.4% |
| Total equity and liabilities | 10/49 | €172,305 | €162,754 | -€9,551 | -5.5% |
| Equity | 10/15 | €50,593 | €62,852 | +€12,258 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,993 | €44,252 | +€12,258 | +38.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,133 | €42,392 | +€12,258 | +40.7% |
| Amounts payable | 17/49 | €121,712 | €99,902 | -€21,809 | -17.9% |
| Amounts payable within one year | 42/48 | €121,712 | €99,902 | -€21,809 | -17.9% |
| Trade debts | 44 | €28,608 | €11,197 | -€17,412 | -60.9% |
| Suppliers | 440/4 | €28,608 | €11,197 | -€17,412 | -60.9% |
| Taxes, remuneration and social security | 45 | €12,901 | €11,644 | -€1,257 | -9.7% |
| Taxes | 450/3 | €12,890 | €11,211 | -€1,678 | -13.0% |
| Remuneration and social security | 454/9 | €11 | €432 | +€421 | +3680.4% |
| Other amounts payable | 47/48 | €80,202 | €77,062 | -€3,141 | -3.9% |
| Remuneration, social security and pensions | 62 | €29,600 | €31,046 | +€1,446 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,059 | €4,319 | +€260 | +6.4% |
| Other operating charges | 640/8 | €6,435 | €6,622 | +€187 | +2.9% |
| Non-recurring operating charges | 66A | - | €185 | +€185 | |
| Gross operating margin | 9900 | €44,646 | €60,317 | +€15,671 | +35.1% |
| Operating profit (loss) | 9901 | €4,552 | €18,145 | +€13,593 | +298.6% |
| Financial income | 75/76B | €17 | €1,751 | +€1,733 | +10012.8% |
| Recurring financial income | 75 | €17 | €1,751 | +€1,733 | +10012.8% |
| Financial charges | 65/66B | €2,704 | €2,670 | -€34 | -1.3% |
| Recurring financial charges | 65 | €2,704 | €2,670 | -€34 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,866 | €17,226 | +€15,361 | +823.4% |
| Income taxes | 67/77 | €1,751 | €4,968 | +€3,217 | +183.7% |
| Profit (loss) for the period | 9904 | €115 | €12,258 | +€12,144 | +10599.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €12,258 | +€12,144 | +10599.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.