RIGA TERMINALS: 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 TERMINALS
Largest movements
- Receivables within one year +€193,412
up €193,412 (+11.6%), from €1.7m to €1.9m
of which Trade receivables: +€204,660
- Profit (loss) carried forward +€211,322
up €211,322 (+79.6%), from -€265,549 to -€54,227
- Tax, wage and social debts +€153,767
up €153,767 (+48.1%), from €319,406 to €473,173
of which Taxes: +€153,471
- Trade debts -€149,927
down €149,927 (-45.7%), from €328,322 to €178,395
- Provisions -€450,000
no longer reported in 2025 (was €450,000)
- Gross operating margin -€256,007
down €256,007 (-10.3%), from €2.5m to €2.2m
- Staff costs -€241,791
down €241,791 (-11.3%), from €2.1m to €1.9m
- Taxes +€44,007
up €44,007 (+895.6%), from €4,914 to €48,920
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
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 | €1,811,083 | €2,018,225 | +€207,141 | +11.4% |
| Fixed assets | 21/28 | €141,790 | €152,412 | +€10,622 | +7.5% |
| Tangible fixed assets | 22/27 | €141,790 | €152,412 | +€10,622 | +7.5% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €17,178 | €8,215 | -€8,962 | -52.2% |
| Furniture and vehicles | 24 | €124,612 | €144,197 | +€19,585 | +15.7% |
| Current assets | 29/58 | €1,669,294 | €1,865,813 | +€196,519 | +11.8% |
| Amounts receivable within one year | 40/41 | €1,667,068 | €1,860,480 | +€193,412 | +11.6% |
| Trade receivables | 40 | €535,237 | €739,896 | +€204,660 | +38.2% |
| Other amounts receivable | 41 | €1,131,831 | €1,120,583 | -€11,248 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,225 | €5,333 | +€3,108 | +139.6% |
| Total equity and liabilities | 10/49 | €1,811,083 | €2,018,225 | +€207,141 | +11.4% |
| Equity | 10/15 | -€193,183 | €15,966 | +€209,148 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,366 | €8,192 | -€2,174 | -21.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,166 | €1,992 | -€2,174 | -52.2% |
| Profit (loss) carried forward | 14 | -€265,549 | -€54,227 | +€211,322 | +79.6% |
| Provisions and deferred taxes | 16 | €1,351,389 | €1,350,664 | -€725 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €1,350,000 | €1,350,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €1,350,000 | €1,350,000 | = | 0.0% |
| Deferred taxes | 168 | €1,389 | €664 | -€725 | -52.2% |
| Amounts payable | 17/49 | €652,878 | €651,595 | -€1,283 | -0.2% |
| Amounts payable within one year | 42/48 | €647,728 | €651,568 | +€3,840 | +0.6% |
| Trade debts | 44 | €328,322 | €178,395 | -€149,927 | -45.7% |
| Suppliers | 440/4 | €328,322 | €178,395 | -€149,927 | -45.7% |
| Taxes, remuneration and social security | 45 | €319,406 | €473,173 | +€153,767 | +48.1% |
| Taxes | 450/3 | €30,059 | €183,530 | +€153,471 | +510.6% |
| Remuneration and social security | 454/9 | €289,347 | €289,643 | +€295 | +0.1% |
| Accrued charges and deferred income | 492/3 | €5,149 | €27 | -€5,122 | -99.5% |
| Non-recurring operating income | 76A | €11,682 | €78,500 | +€66,818 | +571.9% |
| Remuneration, social security and pensions | 62 | €2,147,642 | €1,905,851 | -€241,791 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,984 | €66,647 | +€663 | +1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €450,000 | - | -€450,000 | |
| Other operating charges | 640/8 | €6,789 | €7,814 | +€1,025 | +15.1% |
| Gross operating margin | 9900 | €2,479,082 | €2,223,075 | -€256,007 | -10.3% |
| Operating profit (loss) | 9901 | -€191,333 | €242,763 | +€434,096 | |
| Financial income | 75/76B | €24,591 | €16,344 | -€8,247 | -33.5% |
| Recurring financial income | 75 | €24,591 | €16,344 | -€8,247 | -33.5% |
| Financial charges | 65/66B | €512 | €1,763 | +€1,251 | +244.2% |
| Recurring financial charges | 65 | €512 | €1,763 | +€1,251 | +244.2% |
| Profit (loss) for the period before taxes | 9903 | -€167,254 | €257,344 | +€424,598 | |
| Transfer from deferred taxes | 780 | €725 | €725 | = | 0.0% |
| Income taxes | 67/77 | €4,914 | €48,920 | +€44,007 | +895.6% |
| Profit (loss) for the period | 9904 | -€171,443 | €209,148 | +€380,592 | |
| Transfer from tax-exempt reserves | 789 | €2,174 | €2,174 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€169,270 | €211,322 | +€380,592 |
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 12 October 2026 via checked.be.