RIGO Joseph: 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.
RIGO Joseph
Largest movements
- Receivables within one year +€244,406
up €244,406 (+56.0%), from €436,652 to €681,058
of which Trade receivables: +€246,371
- Stocks and contracts +€55,525
up €55,525 (+87.6%), from €63,420 to €118,945
- Tangible fixed assets -€50,440
down €50,440 (-56.9%), from €88,723 to €38,282
of which Furniture and vehicles: -€45,065
- Cash -€41,031
down €41,031 (-9.3%), from €441,644 to €400,613
mainly Receivables within one year (-€244,406) and Stocks and contracts (-€55,525)
- Reserves +€112,349
up €112,349 (+12.8%), from €875,595 to €987,944
- Advances received +€71,435
new in 2025: €71,435
- Tax, wage and social debts +€24,716
up €24,716 (+39.3%), from €62,836 to €87,552
of which Taxes: +€20,330
- Gross operating margin +€147,829
up €147,829 (+23.9%), from €619,356 to €767,186
- Taxes +€45,900
up €45,900 (+1,797%), from €2,555 to €48,455
- Staff costs -€32,141
down €32,141 (-5.5%), from €580,285 to €548,144
- Depreciation -€17,958
down €17,958 (-32.8%), from €54,706 to €36,749
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 | €1,037,726 | €1,241,136 | +€203,410 | +19.6% |
| Fixed assets | 21/28 | €88,723 | €38,282 | -€50,440 | -56.9% |
| Tangible fixed assets | 22/27 | €88,723 | €38,282 | -€50,440 | -56.9% |
| Plant, machinery and equipment | 23 | €6,617 | €1,241 | -€5,376 | -81.2% |
| Furniture and vehicles | 24 | €82,106 | €37,041 | -€45,065 | -54.9% |
| Current assets | 29/58 | €949,003 | €1,202,853 | +€253,850 | +26.7% |
| Stocks and contracts in progress | 3 | €63,420 | €118,945 | +€55,525 | +87.6% |
| Contracts in progress | 37 | €63,420 | €118,945 | +€55,525 | +87.6% |
| Amounts receivable within one year | 40/41 | €436,652 | €681,058 | +€244,406 | +56.0% |
| Trade receivables | 40 | €422,271 | €668,642 | +€246,371 | +58.3% |
| Other amounts receivable | 41 | €14,381 | €12,416 | -€1,965 | -13.7% |
| Cash at bank and in hand | 54/58 | €441,644 | €400,613 | -€41,031 | -9.3% |
| Deferred charges and accrued income | 490/1 | €7,287 | €2,237 | -€5,050 | -69.3% |
| Total equity and liabilities | 10/49 | €1,037,726 | €1,241,136 | +€203,410 | +19.6% |
| Equity | 10/15 | €894,595 | €1,006,944 | +€112,349 | +12.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €875,595 | €987,944 | +€112,349 | +12.8% |
| Distributable reserves | 133 | €875,595 | €987,944 | +€112,349 | +12.8% |
| Amounts payable | 17/49 | €143,130 | €234,191 | +€91,061 | +63.6% |
| Amounts payable within one year | 42/48 | €143,130 | €234,191 | +€91,061 | +63.6% |
| Trade debts | 44 | €79,295 | €75,205 | -€4,090 | -5.2% |
| Suppliers | 440/4 | €79,295 | €75,205 | -€4,090 | -5.2% |
| Advances received on contracts in progress | 46 | - | €71,435 | +€71,435 | |
| Taxes, remuneration and social security | 45 | €62,836 | €87,552 | +€24,716 | +39.3% |
| Taxes | 450/3 | €10,598 | €30,927 | +€20,330 | +192% |
| Remuneration and social security | 454/9 | €52,239 | €56,624 | +€4,386 | +8.4% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Non-recurring operating income | 76A | - | €12,795 | +€12,795 | |
| Remuneration, social security and pensions | 62 | €580,285 | €548,144 | -€32,141 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,706 | €36,749 | -€17,958 | -32.8% |
| Other operating charges | 640/8 | €5,987 | €5,659 | -€328 | -5.5% |
| Non-recurring operating charges | 66A | - | €13,767 | +€13,767 | |
| Gross operating margin | 9900 | €619,356 | €767,186 | +€147,829 | +23.9% |
| Operating profit (loss) | 9901 | -€21,621 | €162,868 | +€184,489 | |
| Financial income | 75/76B | €248 | €234 | -€14 | -5.7% |
| Recurring financial income | 75 | €248 | €234 | -€14 | -5.7% |
| Financial charges | 65/66B | €2,111 | €2,298 | +€187 | +8.9% |
| Recurring financial charges | 65 | €2,111 | €2,298 | +€187 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,484 | €160,804 | +€184,288 | |
| Income taxes | 67/77 | €2,555 | €48,455 | +€45,900 | +1,797% |
| Profit (loss) for the period | 9904 | -€26,039 | €112,349 | +€138,388 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,039 | €112,349 | +€138,388 |
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 23 October 2026 via checked.be.