RIGA CONSTRUCTION: 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.
RIGA CONSTRUCTION
Largest movements
- Tangible fixed assets +€95,107
up €95,107 (+25.7%), from €370,261 to €465,368
of which Land and buildings: +€102,210
- Deferred charges and accrued income +€29,744
up €29,744 (+531.4%), from €5,597 to €35,341
- Cash +€21,430
up €21,430 (+58.0%), from €36,929 to €58,359
mainly Debts after one year (+€71,065) and Net result for the year (+€54,608)
- Debts after one year +€71,065
up €71,065 (+30.5%), from €233,158 to €304,223
- Profit (loss) carried forward +€54,608
up €54,608 (+29.8%), from €183,386 to €237,994
- Trade debts +€21,734
up €21,734 (+848.5%), from €2,561 to €24,296
- Accrued charges and deferred income +€8,479
up €8,479 (+674.7%), from €1,257 to €9,736
- Depreciation +€1,342
up €1,342 (+2.9%), from €45,910 to €47,253
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 | €458,652 | €610,765 | +€152,112 | +33.2% |
| Fixed assets | 21/28 | €371,011 | €466,658 | +€95,647 | +25.8% |
| Tangible fixed assets | 22/27 | €370,261 | €465,368 | +€95,107 | +25.7% |
| Land and buildings | 22 | €292,754 | €394,963 | +€102,210 | +34.9% |
| Plant, machinery and equipment | 23 | €33,014 | €23,313 | -€9,702 | -29.4% |
| Furniture and vehicles | 24 | €15,497 | €27,198 | +€11,701 | +75.5% |
| Leasing and similar rights | 25 | €28,995 | €19,894 | -€9,101 | -31.4% |
| Financial fixed assets | 28 | €750 | €1,290 | +€540 | +72.0% |
| Current assets | 29/58 | €87,642 | €144,107 | +€56,465 | +64.4% |
| Stocks and contracts in progress | 3 | €14,481 | €15,672 | +€1,191 | +8.2% |
| Stocks | 30/36 | €14,481 | €15,672 | +€1,191 | +8.2% |
| Amounts receivable within one year | 40/41 | €30,635 | €34,734 | +€4,099 | +13.4% |
| Trade receivables | 40 | €16,236 | €27,329 | +€11,093 | +68.3% |
| Other amounts receivable | 41 | €14,399 | €7,405 | -€6,994 | -48.6% |
| Cash at bank and in hand | 54/58 | €36,929 | €58,359 | +€21,430 | +58.0% |
| Deferred charges and accrued income | 490/1 | €5,597 | €35,341 | +€29,744 | +531.4% |
| Total equity and liabilities | 10/49 | €458,652 | €610,765 | +€152,112 | +33.2% |
| Equity | 10/15 | €188,386 | €242,994 | +€54,608 | +29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,386 | €237,994 | +€54,608 | +29.8% |
| Amounts payable | 17/49 | €270,266 | €367,770 | +€97,504 | +36.1% |
| Amounts payable after more than one year | 17 | €233,158 | €304,223 | +€71,065 | +30.5% |
| Financial debts | 170/4 | €233,158 | €304,223 | +€71,065 | +30.5% |
| Amounts payable within one year | 42/48 | €35,852 | €53,812 | +€17,960 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €16,406 | €16,853 | +€448 | +2.7% |
| Financial debts | 43 | €0 | €1,686 | +€1,686 | |
| Credit institutions | 430/8 | €0 | €1,686 | +€1,686 | |
| Trade debts | 44 | €2,561 | €24,296 | +€21,734 | +848.5% |
| Suppliers | 440/4 | €2,561 | €24,296 | +€21,734 | +848.5% |
| Taxes, remuneration and social security | 45 | €6,764 | €3,600 | -€3,164 | -46.8% |
| Taxes | 450/3 | €4,364 | €1,700 | -€2,664 | -61.0% |
| Remuneration and social security | 454/9 | €2,400 | €1,900 | -€500 | -20.8% |
| Other amounts payable | 47/48 | €10,121 | €7,376 | -€2,745 | -27.1% |
| Accrued charges and deferred income | 492/3 | €1,257 | €9,736 | +€8,479 | +674.7% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,910 | €47,253 | +€1,342 | +2.9% |
| Other operating charges | 640/8 | €3,819 | €3,332 | -€487 | -12.7% |
| Gross operating margin | 9900 | €132,852 | €134,135 | +€1,284 | +1.0% |
| Operating profit (loss) | 9901 | €83,122 | €83,550 | +€428 | +0.5% |
| Financial income | 75/76B | €183 | €25 | -€158 | -86.6% |
| Recurring financial income | 75 | €183 | €25 | -€158 | -86.6% |
| Financial charges | 65/66B | €14,518 | €13,974 | -€544 | -3.7% |
| Recurring financial charges | 65 | €14,518 | €13,974 | -€544 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €68,787 | €69,601 | +€814 | +1.2% |
| Income taxes | 67/77 | €14,295 | €14,993 | +€698 | +4.9% |
| Profit (loss) for the period | 9904 | €54,492 | €54,608 | +€117 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,492 | €54,608 | +€117 | +0.2% |
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 11 October 2026 via checked.be.