RIGAUT Patrick: 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.
RIGAUT Patrick
Largest movements
- Cash +€35,821
up €35,821 (+25.2%), from €142,071 to €177,891
mainly Net result for the year (+€33,074) and Depreciation (+€7,188)
- Receivables within one year +€4,336
up €4,336 (+10.7%), from €40,484 to €44,820
- Intangible fixed assets -€3,761
no longer reported in 2025 (was €3,761)
- Tangible fixed assets -€2,948
down €2,948 (-25.7%), from €11,465 to €8,518
of which Plant, machinery and equipment: -€1,567
- Reserves +€33,074
up €33,074 (+18.7%), from €176,484 to €209,558
- Gross operating margin -€20,541
down €20,541 (-27.3%), from €75,276 to €54,735
- Taxes -€4,365
down €4,365 (-24.5%), from €17,836 to €13,471
- Depreciation -€1,431
down €1,431 (-16.6%), from €8,620 to €7,188
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 | €198,139 | €231,607 | +€33,468 | +16.9% |
| Fixed assets | 21/28 | €15,476 | €8,768 | -€6,708 | -43.3% |
| Intangible fixed assets | 21 | €3,761 | - | -€3,761 | |
| Tangible fixed assets | 22/27 | €11,465 | €8,518 | -€2,948 | -25.7% |
| Plant, machinery and equipment | 23 | €4,440 | €2,873 | -€1,567 | -35.3% |
| Furniture and vehicles | 24 | €5,653 | €4,416 | -€1,237 | -21.9% |
| Other tangible fixed assets | 26 | €1,373 | €1,229 | -€144 | -10.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €182,662 | €222,839 | +€40,177 | +22.0% |
| Amounts receivable within one year | 40/41 | €40,484 | €44,820 | +€4,336 | +10.7% |
| Other amounts receivable | 41 | €40,484 | €44,820 | +€4,336 | +10.7% |
| Cash at bank and in hand | 54/58 | €142,071 | €177,891 | +€35,821 | +25.2% |
| Deferred charges and accrued income | 490/1 | €107 | €128 | +€20 | +18.9% |
| Total equity and liabilities | 10/49 | €198,139 | €231,607 | +€33,468 | +16.9% |
| Equity | 10/15 | €190,744 | €223,818 | +€33,074 | +17.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €176,484 | €209,558 | +€33,074 | +18.7% |
| Distributable reserves | 133 | €176,484 | €209,558 | +€33,074 | +18.7% |
| Amounts payable | 17/49 | €7,394 | €7,789 | +€395 | +5.3% |
| Amounts payable within one year | 42/48 | €7,394 | €7,789 | +€395 | +5.3% |
| Trade debts | 44 | €1,095 | €395 | -€700 | -63.9% |
| Suppliers | 440/4 | €1,095 | €395 | -€700 | -63.9% |
| Taxes, remuneration and social security | 45 | €6,300 | €7,394 | +€1,094 | +17.4% |
| Taxes | 450/3 | €6,300 | €6,473 | +€173 | +2.8% |
| Remuneration and social security | 454/9 | - | €921 | +€921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,620 | €7,188 | -€1,431 | -16.6% |
| Other operating charges | 640/8 | €897 | €927 | +€30 | +3.3% |
| Gross operating margin | 9900 | €75,276 | €54,735 | -€20,541 | -27.3% |
| Operating profit (loss) | 9901 | €65,759 | €46,620 | -€19,140 | -29.1% |
| Financial charges | 65/66B | €79 | €75 | -€4 | -5.1% |
| Recurring financial charges | 65 | €79 | €75 | -€4 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €65,680 | €46,545 | -€19,136 | -29.1% |
| Income taxes | 67/77 | €17,836 | €13,471 | -€4,365 | -24.5% |
| Profit (loss) for the period | 9904 | €47,844 | €33,074 | -€14,771 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,844 | €33,074 | -€14,771 | -30.9% |
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 6 October 2026 via checked.be.