RIGA LOGISTICS: 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.
What changed
RIGA LOGISTICS
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€139,157
2024 · €38,679-€177,837
Equity
€2.7m
2024 · €2.9m-€139,157
Cash
-
not filed
Balance sheet total
€4.5m
2024 · €4.6m-€142,576
Largest movements
Assets
- Receivables within one year -€91,569
down €91,569 (-2.9%), from €3.1m to €3.0m
of which Other amounts receivable: -€154,030
- Tangible fixed assets -€47,817
down €47,817 (-3.5%), from €1.4m to €1.3m
of which Land and buildings: -€218,354
Equity and liabilities
- Profit (loss) carried forward -€132,058
down €132,058 (-15.1%), from -€873,759 to -€1.0m
- Trade debts -€57,880
down €57,880 (-4.1%), from €1.4m to €1.3m
- Tax, wage and social debts +€56,678
up €56,678 (+16.5%), from €344,357 to €401,035
of which Remuneration and social security: +€64,543
Income statement
- Turnover +€653,962
up €653,962 (+6.1%), from €10.8m to €11.4m
- Services and other goods +€536,337
up €536,337 (+6.1%), from €8.7m to €9.3m
- Staff costs +€296,354
up €296,354 (+18.7%), from €1.6m to €1.9m
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.
Result 2024
€38,679
Turnover
+€653,962
Other operating income
+€12,836
Services and other goods
-€536,337
Staff costs
-€296,354
Depreciation
-€28,765
Provisions
-€28,348
Other operating charges
+€61,512
Other operating items
+€3,966
Financial income
-€16,180
Financial charges
+€20
Taxes
-€3,618
Deferred taxes and other
-€531
Result 2025
-€139,157
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,640,485 | €4,497,908 | -€142,576 | -3.1% |
| Fixed assets | 21/28 | €1,389,694 | €1,341,877 | -€47,817 | -3.4% |
| Tangible fixed assets | 22/27 | €1,353,694 | €1,305,877 | -€47,817 | -3.5% |
| Land and buildings | 22 | €1,251,378 | €1,033,023 | -€218,354 | -17.4% |
| Plant, machinery and equipment | 23 | €40,032 | €151,264 | +€111,231 | +277.9% |
| Furniture and vehicles | 24 | €62,284 | €121,590 | +€59,306 | +95.2% |
| Financial fixed assets | 28 | €36,000 | €36,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €36,000 | €36,000 | = | 0.0% |
| Shares | 284 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €35,600 | €35,600 | = | 0.0% |
| Current assets | 29/58 | €3,250,791 | €3,156,031 | -€94,759 | -2.9% |
| Amounts receivable within one year | 40/41 | €3,107,399 | €3,015,830 | -€91,569 | -2.9% |
| Trade receivables | 40 | €1,740,254 | €1,802,716 | +€62,461 | +3.6% |
| Other amounts receivable | 41 | €1,367,145 | €1,213,115 | -€154,030 | -11.3% |
| Deferred charges and accrued income | 490/1 | €143,392 | €140,201 | -€3,191 | -2.2% |
| Total equity and liabilities | 10/49 | €4,640,485 | €4,497,908 | -€142,576 | -3.1% |
| Equity | 10/15 | €2,872,249 | €2,733,091 | -€139,157 | -4.8% |
| Contributions | 10/11 | €965,000 | €965,000 | = | 0.0% |
| Capital | 10 | €965,000 | €965,000 | = | 0.0% |
| Issued capital | 100 | €965,000 | €965,000 | = | 0.0% |
| Reserves | 13 | €2,781,008 | €2,773,909 | -€7,099 | -0.3% |
| Non-distributable reserves | 130/1 | €96,500 | €96,500 | = | 0.0% |
| Legal reserve | 130 | €96,500 | €96,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,675,091 | €2,667,992 | -€7,099 | -0.3% |
| Distributable reserves | 133 | €9,417 | €9,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€873,759 | -€1,005,818 | -€132,058 | -15.1% |
| Provisions and deferred taxes | 16 | €4,028 | €1,662 | -€2,366 | -58.7% |
| Deferred taxes | 168 | €4,028 | €1,662 | -€2,366 | -58.7% |
| Amounts payable | 17/49 | €1,764,208 | €1,763,155 | -€1,053 | -0.1% |
| Amounts payable within one year | 42/48 | €1,757,390 | €1,756,187 | -€1,203 | -0.1% |
| Trade debts | 44 | €1,407,135 | €1,349,255 | -€57,880 | -4.1% |
| Suppliers | 440/4 | €1,407,135 | €1,349,255 | -€57,880 | -4.1% |
| Taxes, remuneration and social security | 45 | €344,357 | €401,035 | +€56,678 | +16.5% |
| Taxes | 450/3 | €84,404 | €76,539 | -€7,865 | -9.3% |
| Remuneration and social security | 454/9 | €259,954 | €324,497 | +€64,543 | +24.8% |
| Other amounts payable | 47/48 | €5,897 | €5,897 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,818 | €6,968 | +€150 | +2.2% |
| Operating income | 70/76A | €10,807,798 | €11,478,562 | +€670,764 | +6.2% |
| Turnover | 70 | €10,759,410 | €11,413,372 | +€653,962 | +6.1% |
| Other operating income | 74 | €48,388 | €61,224 | +€12,836 | +26.5% |
| Non-recurring operating income | 76A | - | €3,966 | +€3,966 | |
| Operating charges | 60/66A | €10,819,841 | €11,648,132 | +€828,291 | +7.7% |
| Services and other goods | 61 | €8,722,254 | €9,258,590 | +€536,337 | +6.1% |
| Remuneration, social security and pensions | 62 | €1,582,340 | €1,878,694 | +€296,354 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,064 | €372,829 | +€28,765 | +8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,348 | - | +€28,348 | |
| Other operating charges | 640/8 | €199,532 | €138,020 | -€61,512 | -30.8% |
| Operating profit (loss) | 9901 | -€12,044 | -€169,571 | -€157,527 | -1308.0% |
| Financial income | 75/76B | €49,866 | €33,686 | -€16,180 | -32.4% |
| Recurring financial income | 75 | €49,866 | €33,686 | -€16,180 | -32.4% |
| Income from current assets | 751 | €49,866 | €33,686 | -€16,180 | -32.4% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €197 | €177 | -€20 | -10.0% |
| Recurring financial charges | 65 | €197 | €177 | -€20 | -10.0% |
| Other financial charges | 652/9 | €197 | €177 | -€20 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €37,625 | -€136,062 | -€173,688 | |
| Transfer from deferred taxes | 780 | €2,897 | €2,366 | -€531 | -18.3% |
| Income taxes | 67/77 | €1,843 | €5,461 | +€3,618 | +196.3% |
| Taxes | 670/3 | €2,344 | €5,461 | +€3,117 | +132.9% |
| Tax adjustments and reversals of tax provisions | 77 | €501 | - | -€501 | |
| Profit (loss) for the period | 9904 | €38,679 | -€139,157 | -€177,837 | |
| Transfer from tax-exempt reserves | 789 | €8,692 | €7,099 | -€1,594 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,372 | -€132,058 | -€179,430 |
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.