Riga Natie: 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.
What changed
Riga Natie
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€304,394
2024 · -€437,521+€133,127
Equity
€6.9m
2024 · €7.2m-€304,394
Cash
€978
2024 · €1,120-€143
Balance sheet total
€8.2m
2024 · €9.0m-€749,446
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-23.5%), from €4.6m to €3.5m
of which Land and buildings: -€1.1m
- Receivables within one year +€337,474
up €337,474 (+7.9%), from €4.3m to €4.6m
of which Trade receivables: +€395,487
Equity and liabilities
- Reserves -€321,694
down €321,694 (-23.6%), from €1.4m to €1.0m
of which Tax-exempt reserves: -€321,694
- Trade debts -€247,249
down €247,249 (-25.9%), from €955,972 to €708,723
- Provisions -€110,693
down €110,693 (-32.7%), from €338,620 to €227,927
of which Deferred taxes: -€107,231
Income statement
- Gross operating margin +€277,899
up €277,899 (+8.4%), from €3.3m to €3.6m
- Staff costs +€54,902
up €54,902 (+2.0%), from €2.7m to €2.8m
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
-€437,521
Gross operating margin
+€277,899
Staff costs
-€54,902
Depreciation
-€30,458
Write-downs
-€13,231
Provisions
+€462
Other operating charges
-€27,691
Financial income
-€29,726
Financial charges
+€11,782
Taxes
-€1,008
Result 2025
-€304,394
raises the resultlowers the result
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.
From operations
+€55,189
Investment
-€55,332
Financing
€0
Cash 2024
€1,120
From operations (derived)
+€55,189
Net result for the year
-€304,394
Depreciation
+€1.1m
Receivables within one year
-€337,474
Deferred charges and accrued income
+€11,221
Provisions
-€110,693
Trade debts
-€247,249
Tax, wage and social debts
-€87,037
Accrued charges and deferred income
-€73
Investment (derived)
-€55,332
Investment in fixed assets (net)
-€55,332
Cash 2025
€978
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,994,753 | €8,245,307 | -€749,446 | -8.3% |
| Fixed assets | 21/28 | €4,587,823 | €3,512,268 | -€1.1m | -23.4% |
| Tangible fixed assets | 22/27 | €4,577,793 | €3,499,834 | -€1.1m | -23.5% |
| Land and buildings | 22 | €4,505,695 | €3,399,086 | -€1.1m | -24.6% |
| Plant, machinery and equipment | 23 | €31,194 | €23,303 | -€7,890 | -25.3% |
| Furniture and vehicles | 24 | €40,905 | €77,445 | +€36,541 | +89.3% |
| Financial fixed assets | 28 | €10,030 | €12,433 | +€2,403 | +24.0% |
| Current assets | 29/58 | €4,406,929 | €4,733,039 | +€326,110 | +7.4% |
| Amounts receivable within one year | 40/41 | €4,259,480 | €4,596,954 | +€337,474 | +7.9% |
| Trade receivables | 40 | €814,624 | €1,210,111 | +€395,487 | +48.5% |
| Other amounts receivable | 41 | €3,444,857 | €3,386,843 | -€58,014 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,120 | €978 | -€143 | -12.7% |
| Deferred charges and accrued income | 490/1 | €146,329 | €135,107 | -€11,221 | -7.7% |
| Total equity and liabilities | 10/49 | €8,994,753 | €8,245,307 | -€749,446 | -8.3% |
| Equity | 10/15 | €7,167,251 | €6,862,857 | -€304,394 | -4.2% |
| Contributions | 10/11 | €6,070,000 | €6,070,000 | = | 0.0% |
| Capital | 10 | €6,070,000 | €6,070,000 | = | 0.0% |
| Issued capital | 100 | €6,070,000 | €6,070,000 | = | 0.0% |
| Reserves | 13 | €1,365,451 | €1,043,756 | -€321,694 | -23.6% |
| Non-distributable reserves | 130/1 | €48,501 | €48,501 | = | 0.0% |
| Legal reserve | 130 | €41,327 | €41,327 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,174 | €7,174 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,316,950 | €995,255 | -€321,694 | -24.4% |
| Profit (loss) carried forward | 14 | -€268,199 | -€250,899 | +€17,300 | +6.5% |
| Provisions and deferred taxes | 16 | €338,620 | €227,927 | -€110,693 | -32.7% |
| Provisions for liabilities and charges | 160/5 | €3,462 | - | -€3,462 | |
| Environmental obligations | 163 | €3,462 | - | -€3,462 | |
| Deferred taxes | 168 | €335,159 | €227,927 | -€107,231 | -32.0% |
| Amounts payable | 17/49 | €1,488,881 | €1,154,522 | -€334,359 | -22.5% |
| Amounts payable within one year | 42/48 | €1,484,463 | €1,150,177 | -€334,286 | -22.5% |
| Trade debts | 44 | €955,972 | €708,723 | -€247,249 | -25.9% |
| Suppliers | 440/4 | €955,972 | €708,723 | -€247,249 | -25.9% |
| Taxes, remuneration and social security | 45 | €528,491 | €441,454 | -€87,037 | -16.5% |
| Taxes | 450/3 | €34,838 | €70,478 | +€35,641 | +102% |
| Remuneration and social security | 454/9 | €493,654 | €370,976 | -€122,678 | -24.9% |
| Accrued charges and deferred income | 492/3 | €4,418 | €4,345 | -€73 | -1.6% |
| Non-recurring operating income | 76A | €1,955 | - | -€1,955 | |
| Remuneration, social security and pensions | 62 | €2,713,950 | €2,768,852 | +€54,902 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100,430 | €1,130,887 | +€30,458 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,231 | - | +€13,231 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,000 | -€3,462 | -€462 | -15.4% |
| Other operating charges | 640/8 | €127,223 | €154,914 | +€27,691 | +21.8% |
| Gross operating margin | 9900 | €3,290,010 | €3,567,910 | +€277,899 | +8.4% |
| Operating profit (loss) | 9901 | -€635,361 | -€483,282 | +€152,079 | +23.9% |
| Financial income | 75/76B | €108,470 | €78,744 | -€29,726 | -27.4% |
| Recurring financial income | 75 | €108,470 | €62,167 | -€46,303 | -42.7% |
| Non-recurring financial income | 76B | - | €16,577 | +€16,577 | |
| Financial charges | 65/66B | €12,853 | €1,070 | -€11,782 | -91.7% |
| Recurring financial charges | 65 | €12,853 | €1,070 | -€11,782 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€539,744 | -€405,609 | +€134,135 | +24.9% |
| Transfer from deferred taxes | 780 | €107,231 | €107,231 | = | 0.0% |
| Income taxes | 67/77 | €5,009 | €6,017 | +€1,008 | +20.1% |
| Profit (loss) for the period | 9904 | -€437,521 | -€304,394 | +€133,127 | +30.4% |
| Transfer from tax-exempt reserves | 789 | €321,694 | €321,694 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,826 | €17,300 | +€133,127 |
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 20 October 2026 via checked.be.