RIGA PROJECTS BELGIUM-ARCHITECTE: 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 PROJECTS BELGIUM-ARCHITECTE
Largest movements
- Receivables within one year +€16,241
up €16,241 (+95.3%), from €17,039 to €33,279
of which Trade receivables: +€16,924
- Tangible fixed assets -€4,645
down €4,645 (-50.0%), from €9,293 to €4,648
of which Furniture and vehicles: -€2,794
- Cash -€4,526
down €4,526 (-10.4%), from €43,574 to €39,047
mainly Receivables within one year (-€16,241) and Other debts (-€5,228)
- Profit (loss) carried forward +€10,481
up €10,481 (+22.8%), from €45,984 to €56,465
- Other debts -€5,228
no longer reported in 2025 (was €5,228)
- Trade debts +€2,667
up €2,667 (+140%), from €1,902 to €4,569
- Tax, wage and social debts -€850
down €850 (-6.1%), from €13,835 to €12,985
- Turnover +€85,218
new in 2025: €85,218
- Purchases and services +€68,294
new in 2025: €68,294
- Gross operating margin +€33,114
up €33,114, from -€16,190 to €16,924
- Taxes -€4,385
down €4,385 (-55.6%), from €7,885 to €3,500
- Depreciation -€3,288
down €3,288 (-41.4%), from €7,933 to €4,645
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 | €69,949 | €77,018 | +€7,069 | +10.1% |
| Fixed assets | 21/28 | €9,337 | €4,692 | -€4,645 | -49.8% |
| Tangible fixed assets | 22/27 | €9,293 | €4,648 | -€4,645 | -50.0% |
| Furniture and vehicles | 24 | €4,596 | €1,802 | -€2,794 | -60.8% |
| Other tangible fixed assets | 26 | €4,697 | €2,846 | -€1,851 | -39.4% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €60,612 | €72,327 | +€11,715 | +19.3% |
| Amounts receivable within one year | 40/41 | €17,039 | €33,279 | +€16,241 | +95.3% |
| Trade receivables | 40 | €15,515 | €32,439 | +€16,924 | +109% |
| Other amounts receivable | 41 | €1,524 | €840 | -€684 | -44.9% |
| Cash at bank and in hand | 54/58 | €43,574 | €39,047 | -€4,526 | -10.4% |
| Total equity and liabilities | 10/49 | €69,949 | €77,018 | +€7,069 | +10.1% |
| Equity | 10/15 | €48,984 | €59,465 | +€10,481 | +21.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,984 | €56,465 | +€10,481 | +22.8% |
| Amounts payable | 17/49 | €20,965 | €17,554 | -€3,411 | -16.3% |
| Amounts payable within one year | 42/48 | €20,965 | €17,554 | -€3,411 | -16.3% |
| Trade debts | 44 | €1,902 | €4,569 | +€2,667 | +140% |
| Suppliers | 440/4 | €1,902 | €4,569 | +€2,667 | +140% |
| Taxes, remuneration and social security | 45 | €13,835 | €12,985 | -€850 | -6.1% |
| Taxes | 450/3 | €13,835 | €12,985 | -€850 | -6.1% |
| Other amounts payable | 47/48 | €5,228 | - | -€5,228 | |
| Turnover | 70 | - | €85,218 | +€85,218 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €68,294 | +€68,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,933 | €4,645 | -€3,288 | -41.4% |
| Other operating charges | 640/8 | - | €119 | +€119 | |
| Gross operating margin | 9900 | -€16,190 | €16,924 | +€33,114 | |
| Operating profit (loss) | 9901 | -€24,123 | €12,160 | +€36,283 | |
| Financial income | 75/76B | - | €1,996 | +€1,996 | |
| Recurring financial income | 75 | - | €1,996 | +€1,996 | |
| Financial charges | 65/66B | €62 | €175 | +€114 | +185% |
| Recurring financial charges | 65 | €62 | €175 | +€114 | +185% |
| Profit (loss) for the period before taxes | 9903 | -€24,185 | €13,981 | +€38,166 | |
| Income taxes | 67/77 | €7,885 | €3,500 | -€4,385 | -55.6% |
| Profit (loss) for the period | 9904 | -€32,070 | €10,481 | +€42,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,070 | €10,481 | +€42,551 |
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 30 October 2026 via checked.be.