RIGOLE: 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.
RIGOLE
Largest movements
- Receivables within one year -€41,929
down €41,929 (-30.1%), from €139,389 to €97,460
of which Trade receivables: -€30,368
- Tangible fixed assets -€21,216
down €21,216 (-7.7%), from €274,189 to €252,972
of which Land and buildings: -€11,374
- Stocks and contracts -€19,651
down €19,651 (-30.4%), from €64,694 to €45,043
of which Stocks: -€19,651
- Cash +€12,372
up €12,372 (+509%), from €2,432 to €14,804
mainly Receivables within one year (+€41,929) and Depreciation (+€22,413)
- Other debts -€32,534
down €32,534 (-55.5%), from €58,664 to €26,130
- Debts after one year -€25,634
down €25,634 (-10.2%), from €252,006 to €226,373
of which Financial debts: -€26,974
- Profit (loss) carried forward -€11,264
down €11,264, from €0 to -€11,264
- Trade debts -€5,106
down €5,106 (-7.0%), from €72,968 to €67,861
- Gross operating margin -€66,737
down €66,737 (-71.9%), from €92,776 to €26,039
- Taxes -€14,927
down €14,927 (-99.1%), from €15,068 to €141
- Financial charges -€3,853
down €3,853 (-24.6%), from €15,662 to €11,809
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 | €490,734 | €419,151 | -€71,583 | -14.6% |
| Fixed assets | 21/28 | €275,385 | €252,972 | -€22,413 | -8.1% |
| Intangible fixed assets | 21 | €1,197 | €0 | -€1,197 | -100% |
| Tangible fixed assets | 22/27 | €274,189 | €252,972 | -€21,216 | -7.7% |
| Land and buildings | 22 | €239,659 | €228,285 | -€11,374 | -4.7% |
| Plant, machinery and equipment | 23 | €2,307 | €1,126 | -€1,181 | -51.2% |
| Furniture and vehicles | 24 | €32,222 | €23,561 | -€8,661 | -26.9% |
| Current assets | 29/58 | €215,349 | €166,179 | -€49,170 | -22.8% |
| Stocks and contracts in progress | 3 | €64,694 | €45,043 | -€19,651 | -30.4% |
| Stocks | 30/36 | €64,694 | €45,043 | -€19,651 | -30.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €139,389 | €97,460 | -€41,929 | -30.1% |
| Trade receivables | 40 | €126,371 | €96,003 | -€30,368 | -24.0% |
| Other amounts receivable | 41 | €13,018 | €1,457 | -€11,561 | -88.8% |
| Cash at bank and in hand | 54/58 | €2,432 | €14,804 | +€12,372 | +509% |
| Deferred charges and accrued income | 490/1 | €8,834 | €8,871 | +€38 | +0.4% |
| Total equity and liabilities | 10/49 | €490,734 | €419,151 | -€71,583 | -14.6% |
| Equity | 10/15 | €61,671 | €50,408 | -€11,264 | -18.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,471 | €55,471 | = | 0.0% |
| Tax-exempt reserves | 132 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €55,378 | €55,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,264 | -€11,264 | |
| Amounts payable | 17/49 | €429,063 | €368,744 | -€60,319 | -14.1% |
| Amounts payable after more than one year | 17 | €252,006 | €226,373 | -€25,634 | -10.2% |
| Financial debts | 170/4 | €252,006 | €225,033 | -€26,974 | -10.7% |
| Other amounts payable | 178/9 | - | €1,340 | +€1,340 | |
| Amounts payable within one year | 42/48 | €175,730 | €141,952 | -€33,778 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €27,362 | €28,221 | +€859 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €72,968 | €67,861 | -€5,106 | -7.0% |
| Suppliers | 440/4 | €72,968 | €67,861 | -€5,106 | -7.0% |
| Taxes, remuneration and social security | 45 | €16,736 | €19,740 | +€3,004 | +17.9% |
| Taxes | 450/3 | €16,736 | €19,740 | +€3,004 | +17.9% |
| Other amounts payable | 47/48 | €58,664 | €26,130 | -€32,534 | -55.5% |
| Accrued charges and deferred income | 492/3 | €1,327 | €419 | -€907 | -68.4% |
| Non-recurring operating income | 76A | €13,732 | €0 | -€13,732 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,890 | €22,413 | -€477 | -2.1% |
| Other operating charges | 640/8 | €2,676 | €2,942 | +€266 | +10.0% |
| Non-recurring operating charges | 66A | €354 | €0 | -€354 | -100% |
| Gross operating margin | 9900 | €92,776 | €26,039 | -€66,737 | -71.9% |
| Operating profit (loss) | 9901 | €66,857 | €684 | -€66,172 | -99.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +2.9% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +2.9% |
| Financial charges | 65/66B | €15,662 | €11,809 | -€3,853 | -24.6% |
| Recurring financial charges | 65 | €15,662 | €11,809 | -€3,853 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €51,196 | -€11,123 | -€62,319 | |
| Income taxes | 67/77 | €15,068 | €141 | -€14,927 | -99.1% |
| Profit (loss) for the period | 9904 | €36,128 | -€11,264 | -€47,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,128 | -€11,264 | -€47,392 |
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 18 October 2026 via checked.be.