RIJO: 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.
RIJO
Largest movements
- Cash +€72,988
up €72,988 (+82.7%), from €88,210 to €161,198
mainly Depreciation (+€86,857) and Deferred charges and accrued income (+€50,583)
- Tangible fixed assets -€65,652
down €65,652 (-4.4%), from €1.5m to €1.4m
of which Land and buildings: -€53,041
- Deferred charges and accrued income -€50,583
down €50,583 (-77.3%), from €65,439 to €14,856
- Reserves -€21,304
down €21,304 (-2.2%), from €965,645 to €944,341
of which Tax-exempt reserves: -€21,304
- Gross operating margin +€18,806
up €18,806 (+25.2%), from €74,540 to €93,346
- Depreciation +€3,811
up €3,811 (+4.6%), from €83,046 to €86,857
- Other operating charges -€1,920
down €1,920 (-8.2%), from €23,544 to €21,624
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 | €1,652,786 | €1,609,539 | -€43,247 | -2.6% |
| Fixed assets | 21/28 | €1,484,670 | €1,419,018 | -€65,652 | -4.4% |
| Tangible fixed assets | 22/27 | €1,484,670 | €1,419,018 | -€65,652 | -4.4% |
| Land and buildings | 22 | €1,422,135 | €1,369,094 | -€53,041 | -3.7% |
| Furniture and vehicles | 24 | €62,535 | €49,924 | -€12,611 | -20.2% |
| Current assets | 29/58 | €168,116 | €190,521 | +€22,405 | +13.3% |
| Amounts receivable within one year | 40/41 | €14,466 | €14,466 | = | 0.0% |
| Other amounts receivable | 41 | €14,466 | €14,466 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,210 | €161,198 | +€72,988 | +82.7% |
| Deferred charges and accrued income | 490/1 | €65,439 | €14,856 | -€50,583 | -77.3% |
| Total equity and liabilities | 10/49 | €1,652,786 | €1,609,539 | -€43,247 | -2.6% |
| Equity | 10/15 | €1,066,753 | €1,043,819 | -€22,934 | -2.1% |
| Contributions | 10/11 | €120,630 | €120,630 | = | 0.0% |
| Capital | 10 | €120,630 | €120,630 | = | 0.0% |
| Issued capital | 100 | €120,630 | €120,630 | = | 0.0% |
| Reserves | 13 | €965,645 | €944,341 | -€21,304 | -2.2% |
| Non-distributable reserves | 130/1 | €52,063 | €52,063 | = | 0.0% |
| Legal reserve | 130 | €52,063 | €52,063 | = | 0.0% |
| Tax-exempt reserves | 132 | €325,415 | €304,112 | -€21,304 | -6.5% |
| Distributable reserves | 133 | €588,166 | €588,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,521 | -€21,151 | -€1,630 | -8.4% |
| Provisions and deferred taxes | 16 | €121,691 | €112,400 | -€9,291 | -7.6% |
| Deferred taxes | 168 | €121,691 | €112,400 | -€9,291 | -7.6% |
| Amounts payable | 17/49 | €464,342 | €453,320 | -€11,023 | -2.4% |
| Amounts payable after more than one year | 17 | €19,465 | €17,525 | -€1,940 | -10.0% |
| Other amounts payable | 178/9 | €19,465 | €17,525 | -€1,940 | -10.0% |
| Amounts payable within one year | 42/48 | €444,878 | €435,795 | -€9,083 | -2.0% |
| Taxes, remuneration and social security | 45 | €4,900 | €5,541 | +€641 | +13.1% |
| Taxes | 450/3 | €4,900 | €5,541 | +€641 | +13.1% |
| Other amounts payable | 47/48 | €439,978 | €430,254 | -€9,723 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,046 | €86,857 | +€3,811 | +4.6% |
| Other operating charges | 640/8 | €23,544 | €21,624 | -€1,920 | -8.2% |
| Gross operating margin | 9900 | €74,540 | €93,346 | +€18,806 | +25.2% |
| Operating profit (loss) | 9901 | -€32,051 | -€15,136 | +€16,915 | +52.8% |
| Financial income | 75/76B | €274 | €692 | +€417 | +152.1% |
| Recurring financial income | 75 | €274 | €692 | +€417 | +152.1% |
| Financial charges | 65/66B | €16,694 | €17,158 | +€464 | +2.8% |
| Recurring financial charges | 65 | €16,694 | €17,158 | +€464 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,471 | -€31,602 | +€16,869 | +34.8% |
| Transfer from deferred taxes | 780 | €9,033 | €7,649 | -€1,385 | -15.3% |
| Income taxes | 67/77 | €616 | €623 | +€7 | +1.1% |
| Profit (loss) for the period | 9904 | -€40,053 | -€24,576 | +€15,477 | +38.6% |
| Transfer from tax-exempt reserves | 789 | €20,532 | €22,946 | +€2,414 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,521 | -€1,630 | +€17,891 | +91.6% |
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 11 October 2026 via checked.be.