RIKBOUW: 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.
RIKBOUW
Largest movements
- Cash -€919,016
down €919,016 (-82.6%), from €1.1m to €193,645
mainly Receivables within one year (-€546,778) and Stocks and contracts (-€455,180)
- Receivables within one year +€546,778
up €546,778 (+55.6%), from €984,175 to €1.5m
of which Other amounts receivable: +€341,210
- Stocks and contracts +€455,180
up €455,180 (+92.2%), from €493,665 to €948,845
- Short-term financial debts +€360,480
up €360,480 (+69.5%), from €518,967 to €879,447
of which Other loans: +€368,921
- Tax, wage and social debts -€267,597
down €267,597 (-91.9%), from €291,241 to €23,645
of which Taxes: -€262,725
- Gross operating margin -€115,320
down €115,320 (-25.2%), from €458,052 to €342,732
- Taxes -€41,957
down €41,957 (-54.4%), from €77,164 to €35,207
- Financial income -€22,691
down €22,691 (-92.7%), from €24,487 to €1,795
of which Financial income: -€22,691
- Other operating charges -€15,751
down €15,751 (-78.2%), from €20,134 to €4,383
- Staff costs +€13,360
up €13,360 (+9.0%), from €149,033 to €162,394
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 | €3,204,754 | €3,276,389 | +€71,635 | +2.2% |
| Fixed assets | 21/28 | €614,023 | €598,239 | -€15,785 | -2.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €613,738 | €597,954 | -€15,785 | -2.6% |
| Land and buildings | 22 | €580,158 | €576,233 | -€3,925 | -0.7% |
| Plant, machinery and equipment | 23 | €6,278 | €6,438 | +€159 | +2.5% |
| Furniture and vehicles | 24 | €27,302 | €15,283 | -€12,019 | -44.0% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €2,590,731 | €2,678,151 | +€87,420 | +3.4% |
| Stocks and contracts in progress | 3 | €493,665 | €948,845 | +€455,180 | +92.2% |
| Stocks | 30/36 | €493,665 | €948,845 | +€455,180 | +92.2% |
| Amounts receivable within one year | 40/41 | €984,175 | €1,530,953 | +€546,778 | +55.6% |
| Trade receivables | 40 | €66,199 | €271,767 | +€205,568 | +311% |
| Other amounts receivable | 41 | €917,976 | €1,259,186 | +€341,210 | +37.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,112,661 | €193,645 | -€919,016 | -82.6% |
| Deferred charges and accrued income | 490/1 | €229 | €4,708 | +€4,478 | +1,952% |
| Total equity and liabilities | 10/49 | €3,204,754 | €3,276,389 | +€71,635 | +2.2% |
| Equity | 10/15 | €2,317,584 | €2,294,447 | -€23,138 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,297,584 | €2,274,447 | -€23,138 | -1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,297,584 | €2,274,447 | -€23,138 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €887,170 | €981,943 | +€94,773 | +10.7% |
| Amounts payable after more than one year | 17 | €17,637 | €1,197 | -€16,440 | -93.2% |
| Financial debts | 170/4 | €17,637 | €1,197 | -€16,440 | -93.2% |
| Amounts payable within one year | 42/48 | €869,464 | €980,301 | +€110,836 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €27,729 | €16,440 | -€11,289 | -40.7% |
| Financial debts | 43 | €518,967 | €879,447 | +€360,480 | +69.5% |
| Credit institutions | 430/8 | €25,303 | €16,861 | -€8,442 | -33.4% |
| Other loans | 439 | €493,665 | €862,586 | +€368,921 | +74.7% |
| Trade debts | 44 | €31,526 | €58,178 | +€26,652 | +84.5% |
| Suppliers | 440/4 | €31,526 | €58,178 | +€26,652 | +84.5% |
| Taxes, remuneration and social security | 45 | €291,241 | €23,645 | -€267,597 | -91.9% |
| Taxes | 450/3 | €265,819 | €3,094 | -€262,725 | -98.8% |
| Remuneration and social security | 454/9 | €25,423 | €20,551 | -€4,871 | -19.2% |
| Other amounts payable | 47/48 | - | €2,591 | +€2,591 | |
| Accrued charges and deferred income | 492/3 | €69 | €445 | +€376 | +547% |
| Non-recurring operating income | 76A | €0 | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €149,033 | €162,394 | +€13,360 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,764 | €26,353 | -€411 | -1.5% |
| Other operating charges | 640/8 | €20,134 | €4,383 | -€15,751 | -78.2% |
| Non-recurring operating charges | 66A | €1,270 | €0 | -€1,270 | -100% |
| Gross operating margin | 9900 | €458,052 | €342,732 | -€115,320 | -25.2% |
| Operating profit (loss) | 9901 | €260,850 | €149,603 | -€111,248 | -42.6% |
| Financial income | 75/76B | €24,487 | €1,795 | -€22,691 | -92.7% |
| Recurring financial income | 75 | €24,487 | €1,795 | -€22,691 | -92.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €26,738 | €31,013 | +€4,275 | +16.0% |
| Recurring financial charges | 65 | €26,738 | €31,013 | +€4,275 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €258,599 | €120,385 | -€138,214 | -53.4% |
| Income taxes | 67/77 | €77,164 | €35,207 | -€41,957 | -54.4% |
| Profit (loss) for the period | 9904 | €181,435 | €85,178 | -€96,257 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €181,435 | €85,178 | -€96,257 | -53.1% |
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 26 October 2026 via checked.be.