RIGIFIN: 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
RIGIFIN
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,651
2024 · -€10,187-€5,465
Equity
€2.7m
2024 · €2.7m-€15,651
Cash
€38,710
2024 · €7,629+€31,081
Balance sheet total
€3.2m
2024 · €3.2m-€57,233
Largest movements
Assets
- Current investments -€495,000
down €495,000 (-58.2%), from €850,000 to €355,000
- Tangible fixed assets +€440,588
up €440,588 (+23.6%), from €1.9m to €2.3m
of which Land and buildings: +€441,767
Equity and liabilities
- Trade debts -€32,858
down €32,858 (-99.0%), from €33,201 to €343
Income statement
- Gross operating margin +€36,667
up €36,667 (+466.2%), from €7,865 to €44,532
- Financial income -€24,862
down €24,862 (-55.6%), from €44,736 to €19,874
- Depreciation +€17,089
up €17,089 (+28.5%), from €59,901 to €76,990
- Taxes +€6,006
up €6,006 (+1955.0%), from €307 to €6,314
- Financial charges +€1,403
up €1,403 (+67.9%), from €2,066 to €3,469
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
-€10,187
Gross operating margin
+€36,667
Depreciation
-€17,089
Other operating charges
+€435
Financial income
-€24,862
Financial charges
-€1,403
Taxes
-€6,006
Deferred taxes and other
+€6,793
Result 2025
-€15,651
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.
From operations
+€53,659
Investment
-€22,578
Financing
€0
Cash 2024
€7,629
From operations (derived)
+€53,659
Net result for the year
-€15,651
Depreciation
+€76,990
Receivables within one year
+€30,305
Deferred charges and accrued income
+€3,598
Provisions
-€9,519
Trade debts
-€32,858
Tax, wage and social debts
+€1,941
Smaller working-capital items
-€1,147
Investment (derived)
-€22,578
Investment in fixed assets (net)
-€517,578
Current investments
+€495,000
Cash 2025
€38,710
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,221,139 | €3,163,905 | -€57,233 | -1.8% |
| Fixed assets | 21/28 | €2,068,825 | €2,509,413 | +€440,588 | +21.3% |
| Tangible fixed assets | 22/27 | €1,868,825 | €2,309,413 | +€440,588 | +23.6% |
| Land and buildings | 22 | €1,852,844 | €2,294,610 | +€441,767 | +23.8% |
| Plant, machinery and equipment | 23 | €15,981 | €14,802 | -€1,179 | -7.4% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €1,152,314 | €654,493 | -€497,822 | -43.2% |
| Amounts receivable within one year | 40/41 | €287,671 | €257,366 | -€30,305 | -10.5% |
| Trade receivables | 40 | - | €850 | +€850 | |
| Other amounts receivable | 41 | €287,671 | €256,516 | -€31,155 | -10.8% |
| Current investments | 50/53 | €850,000 | €355,000 | -€495,000 | -58.2% |
| Cash at bank and in hand | 54/58 | €7,629 | €38,710 | +€31,081 | +407.4% |
| Deferred charges and accrued income | 490/1 | €7,014 | €3,416 | -€3,598 | -51.3% |
| Total equity and liabilities | 10/49 | €3,221,139 | €3,163,905 | -€57,233 | -1.8% |
| Equity | 10/15 | €2,707,974 | €2,692,323 | -€15,651 | -0.6% |
| Contributions | 10/11 | €1,002,000 | €1,002,000 | = | 0.0% |
| Reserves | 13 | €1,705,974 | €1,690,323 | -€15,651 | -0.9% |
| Tax-exempt reserves | 132 | €1,284,142 | €1,255,586 | -€28,557 | -2.2% |
| Distributable reserves | 133 | €421,832 | €434,737 | +€12,906 | +3.1% |
| Provisions and deferred taxes | 16 | €428,047 | €418,529 | -€9,519 | -2.2% |
| Deferred taxes | 168 | €428,047 | €418,529 | -€9,519 | -2.2% |
| Amounts payable | 17/49 | €85,117 | €53,054 | -€32,063 | -37.7% |
| Amounts payable within one year | 42/48 | €83,087 | €50,997 | -€32,090 | -38.6% |
| Trade debts | 44 | €33,201 | €343 | -€32,858 | -99.0% |
| Suppliers | 440/4 | €33,201 | €343 | -€32,858 | -99.0% |
| Advances received on contracts in progress | 46 | €150 | €0 | -€150 | -100.0% |
| Taxes, remuneration and social security | 45 | €586 | €2,528 | +€1,941 | +331.2% |
| Taxes | 450/3 | €586 | €2,528 | +€1,941 | +331.2% |
| Other amounts payable | 47/48 | €49,150 | €48,126 | -€1,024 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2,030 | €2,057 | +€27 | +1.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,901 | €76,990 | +€17,089 | +28.5% |
| Other operating charges | 640/8 | €3,239 | €2,804 | -€435 | -13.4% |
| Gross operating margin | 9900 | €7,865 | €44,532 | +€36,667 | +466.2% |
| Operating profit (loss) | 9901 | -€55,276 | -€35,262 | +€20,014 | +36.2% |
| Financial income | 75/76B | €44,736 | €19,874 | -€24,862 | -55.6% |
| Recurring financial income | 75 | €44,736 | €19,874 | -€24,862 | -55.6% |
| Financial charges | 65/66B | €2,066 | €3,469 | +€1,403 | +67.9% |
| Recurring financial charges | 65 | €2,066 | €3,469 | +€1,403 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,605 | -€18,856 | -€6,251 | -49.6% |
| Transfer from deferred taxes | 780 | €2,726 | €9,519 | +€6,793 | +249.2% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €307 | €6,314 | +€6,006 | +1955.0% |
| Profit (loss) for the period | 9904 | -€10,187 | -€15,651 | -€5,465 | -53.6% |
| Transfer from tax-exempt reserves | 789 | €8,178 | €28,557 | +€20,379 | +249.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,009 | €12,906 | +€14,914 |
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 10 October 2026 via checked.be.