RIGO - DEFACQUE: 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.
RIGO - DEFACQUE
Largest movements
- Tangible fixed assets -€95,824
down €95,824 (-8.6%), from €1.1m to €1.0m
- Cash +€81,068
up €81,068 (+19.8%), from €408,978 to €490,046
mainly Depreciation (+€116,818) and Net result for the year (+€105,729)
- Stocks and contracts +€67,346
up €67,346 (+64.8%), from €103,926 to €171,272
- Receivables within one year -€29,018
down €29,018 (-19.3%), from €149,975 to €120,957
of which Trade receivables: -€20,998
- Reserves +€92,309
up €92,309 (+9.9%), from €930,840 to €1.0m
of which Distributable reserves: +€100,000
- Debts after one year -€70,144
down €70,144 (-13.9%), from €504,610 to €434,466
- Current portion of long-term debt -€47,334
down €47,334 (-40.3%), from €117,477 to €70,144
- Other debts +€32,203
up €32,203 (+47.1%), from €68,370 to €100,573
- Trade debts +€19,175
up €19,175 (+98.3%), from €19,510 to €38,685
- Gross operating margin +€70,323
up €70,323 (+30.1%), from €233,798 to €304,121
- Taxes +€27,976
up €27,976 (+147.1%), from €19,018 to €46,994
- Depreciation -€22,420
down €22,420 (-16.1%), from €139,238 to €116,818
- Financial charges -€5,325
down €5,325 (-24.9%), from €21,400 to €16,075
- Staff costs +€3,650
up €3,650 (+25.2%), from €14,490 to €18,140
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 | €1,818,778 | €1,844,770 | +€25,992 | +1.4% |
| Fixed assets | 21/28 | €1,138,342 | €1,042,818 | -€95,524 | -8.4% |
| Tangible fixed assets | 22/27 | €1,120,637 | €1,024,813 | -€95,824 | -8.6% |
| Land and buildings | 22 | €880,881 | €835,574 | -€45,307 | -5.1% |
| Plant, machinery and equipment | 23 | €66,186 | €45,830 | -€20,356 | -30.8% |
| Furniture and vehicles | 24 | €173,570 | €143,409 | -€30,161 | -17.4% |
| Financial fixed assets | 28 | €17,705 | €18,005 | +€300 | +1.7% |
| Current assets | 29/58 | €680,436 | €801,951 | +€121,516 | +17.9% |
| Stocks and contracts in progress | 3 | €103,926 | €171,272 | +€67,346 | +64.8% |
| Stocks | 30/36 | €103,926 | €171,272 | +€67,346 | +64.8% |
| Amounts receivable within one year | 40/41 | €149,975 | €120,957 | -€29,018 | -19.3% |
| Trade receivables | 40 | €139,481 | €118,483 | -€20,998 | -15.1% |
| Other amounts receivable | 41 | €10,493 | €2,474 | -€8,019 | -76.4% |
| Current investments | 50/53 | €8,535 | €8,535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €408,978 | €490,046 | +€81,068 | +19.8% |
| Deferred charges and accrued income | 490/1 | €9,022 | €11,141 | +€2,119 | +23.5% |
| Total equity and liabilities | 10/49 | €1,818,778 | €1,844,770 | +€25,992 | +1.4% |
| Equity | 10/15 | €1,036,168 | €1,127,198 | +€91,030 | +8.8% |
| Contributions | 10/11 | €78,830 | €78,830 | = | 0.0% |
| Capital | 10 | €78,830 | €78,830 | = | 0.0% |
| Issued capital | 100 | €78,830 | €78,830 | = | 0.0% |
| Reserves | 13 | €930,840 | €1,023,150 | +€92,309 | +9.9% |
| Non-distributable reserves | 130/1 | €7,883 | €7,883 | = | 0.0% |
| Legal reserve | 130 | €7,883 | €7,883 | = | 0.0% |
| Tax-exempt reserves | 132 | €224,957 | €217,267 | -€7,691 | -3.4% |
| Distributable reserves | 133 | €698,000 | €798,000 | +€100,000 | +14.3% |
| Profit (loss) carried forward | 14 | €9,509 | €9,928 | +€420 | +4.4% |
| Investment grants | 15 | €16,989 | €15,290 | -€1,699 | -10.0% |
| Provisions and deferred taxes | 16 | €53,405 | €48,278 | -€5,127 | -9.6% |
| Deferred taxes | 168 | €53,405 | €48,278 | -€5,127 | -9.6% |
| Amounts payable | 17/49 | €729,205 | €669,294 | -€59,911 | -8.2% |
| Amounts payable after more than one year | 17 | €504,610 | €434,466 | -€70,144 | -13.9% |
| Financial debts | 170/4 | €504,610 | €434,466 | -€70,144 | -13.9% |
| Amounts payable within one year | 42/48 | €215,031 | €231,434 | +€16,404 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €117,477 | €70,144 | -€47,334 | -40.3% |
| Trade debts | 44 | €19,510 | €38,685 | +€19,175 | +98.3% |
| Suppliers | 440/4 | €19,510 | €38,685 | +€19,175 | +98.3% |
| Taxes, remuneration and social security | 45 | €9,673 | €22,032 | +€12,359 | +127.8% |
| Taxes | 450/3 | €9,673 | €22,032 | +€12,359 | +127.8% |
| Other amounts payable | 47/48 | €68,370 | €100,573 | +€32,203 | +47.1% |
| Accrued charges and deferred income | 492/3 | €9,564 | €3,393 | -€6,171 | -64.5% |
| Remuneration, social security and pensions | 62 | €14,490 | €18,140 | +€3,650 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,238 | €116,818 | -€22,420 | -16.1% |
| Other operating charges | 640/8 | €8,132 | €8,398 | +€265 | +3.3% |
| Gross operating margin | 9900 | €233,798 | €304,121 | +€70,323 | +30.1% |
| Operating profit (loss) | 9901 | €71,937 | €160,765 | +€88,828 | +123.5% |
| Financial income | 75/76B | €5,373 | €2,906 | -€2,467 | -45.9% |
| Recurring financial income | 75 | €5,373 | €2,906 | -€2,467 | -45.9% |
| Financial charges | 65/66B | €21,400 | €16,075 | -€5,325 | -24.9% |
| Recurring financial charges | 65 | €21,400 | €16,075 | -€5,325 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €55,910 | €147,596 | +€91,686 | +164.0% |
| Transfer from deferred taxes | 780 | €5,127 | €5,127 | = | 0.0% |
| Income taxes | 67/77 | €19,018 | €46,994 | +€27,976 | +147.1% |
| Profit (loss) for the period | 9904 | €42,020 | €105,729 | +€63,709 | +151.6% |
| Transfer from tax-exempt reserves | 789 | €7,691 | €7,691 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,711 | €113,420 | +€63,709 | +128.2% |
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 4 October 2026 via checked.be.