RIJTAK: 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.
RIJTAK
Largest movements
- Cash +€210,808
up €210,808 (+97.2%), from €216,799 to €427,607
mainly Depreciation (+€232,159) and Net result for the year (+€202,092)
- Receivables within one year -€113,594
down €113,594 (-27.6%), from €412,023 to €298,429
of which Trade receivables: -€126,901
- Current investments -€49,143
down €49,143 (-9.7%), from €509,143 to €460,000
- Other debts -€202,576
down €202,576 (-83.0%), from €244,075 to €41,499
- Debts after one year +€176,250
up €176,250 (+320%), from €55,000 to €231,250
- Current portion of long-term debt -€108,062
down €108,062 (-66.3%), from €163,062 to €55,000
- Reserves +€105,250
up €105,250 (+8.2%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€105,250
- Profit (loss) carried forward +€96,842
up €96,842 (+222%), from €43,530 to €140,373
- Financial charges +€137,575
up €137,575 (+302%), from €45,562 to €183,137
- Taxes -€48,600
down €48,600 (-46.8%), from €103,890 to €55,290
- Staff costs +€46,333
up €46,333 (+4.8%), from €965,902 to €1.0m
- Depreciation -€39,441
down €39,441 (-14.5%), from €271,600 to €232,159
- Financial income +€34,397
up €34,397 (+506%), from €6,795 to €41,193
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 | €2,570,071 | €2,594,957 | +€24,886 | +1.0% |
| Fixed assets | 21/28 | €1,229,697 | €1,217,396 | -€12,301 | -1.0% |
| Tangible fixed assets | 22/27 | €1,229,697 | €1,217,396 | -€12,301 | -1.0% |
| Land and buildings | 22 | €256,897 | €244,307 | -€12,590 | -4.9% |
| Plant, machinery and equipment | 23 | €938,889 | €954,370 | +€15,481 | +1.6% |
| Furniture and vehicles | 24 | €33,911 | €18,719 | -€15,192 | -44.8% |
| Current assets | 29/58 | €1,340,374 | €1,377,561 | +€37,187 | +2.8% |
| Amounts receivable after more than one year | 29 | €12,010 | €36,031 | +€24,020 | +200% |
| Other amounts receivable | 291 | €12,010 | €36,031 | +€24,020 | +200% |
| Stocks and contracts in progress | 3 | €150,183 | €136,851 | -€13,332 | -8.9% |
| Stocks | 30/36 | €150,183 | €136,851 | -€13,332 | -8.9% |
| Amounts receivable within one year | 40/41 | €412,023 | €298,429 | -€113,594 | -27.6% |
| Trade receivables | 40 | €397,897 | €270,997 | -€126,901 | -31.9% |
| Other amounts receivable | 41 | €14,126 | €27,432 | +€13,306 | +94.2% |
| Current investments | 50/53 | €509,143 | €460,000 | -€49,143 | -9.7% |
| Cash at bank and in hand | 54/58 | €216,799 | €427,607 | +€210,808 | +97.2% |
| Deferred charges and accrued income | 490/1 | €40,216 | €18,644 | -€21,572 | -53.6% |
| Total equity and liabilities | 10/49 | €2,570,071 | €2,594,957 | +€24,886 | +1.0% |
| Equity | 10/15 | €1,345,575 | €1,547,667 | +€202,092 | +15.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €1,279,544 | €1,384,794 | +€105,250 | +8.2% |
| Tax-exempt reserves | 132 | €105,250 | €210,500 | +€105,250 | +100% |
| Distributable reserves | 133 | €1,174,294 | €1,174,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,530 | €140,373 | +€96,842 | +222% |
| Provisions and deferred taxes | 16 | €184,124 | €184,124 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €184,124 | €184,124 | = | 0.0% |
| Major repairs and maintenance | 162 | €184,124 | €184,124 | = | 0.0% |
| Amounts payable | 17/49 | €1,040,372 | €863,166 | -€177,206 | -17.0% |
| Amounts payable after more than one year | 17 | €55,000 | €231,250 | +€176,250 | +320% |
| Financial debts | 170/4 | €55,000 | €231,250 | +€176,250 | +320% |
| Amounts payable within one year | 42/48 | €979,701 | €631,916 | -€347,785 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €163,062 | €55,000 | -€108,062 | -66.3% |
| Trade debts | 44 | €435,037 | €392,995 | -€42,042 | -9.7% |
| Suppliers | 440/4 | €435,037 | €392,995 | -€42,042 | -9.7% |
| Taxes, remuneration and social security | 45 | €137,527 | €142,423 | +€4,896 | +3.6% |
| Taxes | 450/3 | €27,674 | €35,392 | +€7,718 | +27.9% |
| Remuneration and social security | 454/9 | €109,853 | €107,031 | -€2,822 | -2.6% |
| Other amounts payable | 47/48 | €244,075 | €41,499 | -€202,576 | -83.0% |
| Accrued charges and deferred income | 492/3 | €5,671 | - | -€5,671 | |
| Remuneration, social security and pensions | 62 | €965,902 | €1,012,235 | +€46,333 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,600 | €232,159 | -€39,441 | -14.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €32,874 | - | -€32,874 | |
| Other operating charges | 640/8 | €28,851 | €51,118 | +€22,267 | +77.2% |
| Gross operating margin | 9900 | €1,711,211 | €1,694,840 | -€16,370 | -1.0% |
| Operating profit (loss) | 9901 | €411,984 | €399,327 | -€12,657 | -3.1% |
| Financial income | 75/76B | €6,795 | €41,193 | +€34,397 | +506% |
| Recurring financial income | 75 | €6,795 | €41,193 | +€34,397 | +506% |
| Financial charges | 65/66B | €45,562 | €183,137 | +€137,575 | +302% |
| Recurring financial charges | 65 | €45,562 | €183,137 | +€137,575 | +302% |
| Profit (loss) for the period before taxes | 9903 | €373,217 | €257,382 | -€115,834 | -31.0% |
| Income taxes | 67/77 | €103,890 | €55,290 | -€48,600 | -46.8% |
| Profit (loss) for the period | 9904 | €269,327 | €202,092 | -€67,234 | -25.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,077 | €96,842 | -€67,234 | -41.0% |
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.