RIKHAV: 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.
RIKHAV
Largest movements
- Stocks and contracts +€729,293
up €729,293 (+56.8%), from €1.3m to €2.0m
- Cash -€728,546
down €728,546 (-75.8%), from €961,345 to €232,799
mainly Stocks and contracts (-€729,293) and Trade debts (-€528,242)
- Receivables within one year -€447,184
down €447,184 (-15.5%), from €2.9m to €2.4m
of which Trade receivables: -€447,076
- Receivables after one year -€75,945
down €75,945 (-11.7%), from €649,389 to €573,444
- Trade debts -€528,242
down €528,242 (-87.8%), from €601,528 to €73,286
- Gross operating margin -€49,926
down €49,926, from €42,139 to -€7,787
- Financial income +€9,378
up €9,378 (+46.1%), from €20,352 to €29,730
- Taxes +€1,782
up €1,782 (+13.5%), from €13,218 to €15,000
- Depreciation -€1,326
down €1,326 (-22.3%), from €5,958 to €4,632
- Financial charges +€469
up €469 (+6.4%), from €7,383 to €7,853
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 | €5,799,520 | €5,276,163 | -€523,357 | -9.0% |
| Fixed assets | 21/28 | €9,861 | €9,205 | -€657 | -6.7% |
| Tangible fixed assets | 22/27 | €9,861 | €5,230 | -€4,632 | -47.0% |
| Plant, machinery and equipment | 23 | €3,900 | €3,305 | -€595 | -15.3% |
| Furniture and vehicles | 24 | €5,961 | €1,924 | -€4,037 | -67.7% |
| Financial fixed assets | 28 | - | €3,975 | +€3,975 | |
| Current assets | 29/58 | €5,789,659 | €5,266,958 | -€522,700 | -9.0% |
| Amounts receivable after more than one year | 29 | €649,389 | €573,444 | -€75,945 | -11.7% |
| Other amounts receivable | 291 | €649,389 | €573,444 | -€75,945 | -11.7% |
| Stocks and contracts in progress | 3 | €1,284,946 | €2,014,238 | +€729,293 | +56.8% |
| Stocks | 30/36 | €1,284,946 | €2,014,238 | +€729,293 | +56.8% |
| Amounts receivable within one year | 40/41 | €2,889,587 | €2,442,403 | -€447,184 | -15.5% |
| Trade receivables | 40 | €2,889,479 | €2,442,403 | -€447,076 | -15.5% |
| Other amounts receivable | 41 | €108 | - | -€108 | |
| Cash at bank and in hand | 54/58 | €961,345 | €232,799 | -€728,546 | -75.8% |
| Deferred charges and accrued income | 490/1 | €4,392 | €4,074 | -€318 | -7.2% |
| Total equity and liabilities | 10/49 | €5,799,520 | €5,276,163 | -€523,357 | -9.0% |
| Equity | 10/15 | €5,181,472 | €5,173,882 | -€7,590 | -0.1% |
| Contributions | 10/11 | €2,805,738 | €2,805,738 | = | 0.0% |
| Reserves | 13 | €2,414,203 | €2,414,203 | = | 0.0% |
| Distributable reserves | 133 | €2,414,203 | €2,414,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,468 | -€46,058 | -€7,590 | -19.7% |
| Amounts payable | 17/49 | €618,048 | €102,281 | -€515,768 | -83.5% |
| Amounts payable within one year | 42/48 | €613,581 | €102,175 | -€511,406 | -83.3% |
| Trade debts | 44 | €601,528 | €73,286 | -€528,242 | -87.8% |
| Suppliers | 440/4 | €601,528 | €73,286 | -€528,242 | -87.8% |
| Taxes, remuneration and social security | 45 | €12,053 | €28,889 | +€16,836 | +139.7% |
| Taxes | 450/3 | €12,053 | €28,889 | +€16,836 | +139.7% |
| Accrued charges and deferred income | 492/3 | €4,468 | €106 | -€4,362 | -97.6% |
| Remuneration, social security and pensions | 62 | €72 | - | -€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,958 | €4,632 | -€1,326 | -22.3% |
| Other operating charges | 640/8 | €1,618 | €2,048 | +€430 | +26.6% |
| Gross operating margin | 9900 | €42,139 | -€7,787 | -€49,926 | |
| Operating profit (loss) | 9901 | €34,491 | -€14,467 | -€48,958 | |
| Financial income | 75/76B | €20,352 | €29,730 | +€9,378 | +46.1% |
| Recurring financial income | 75 | €20,352 | €29,730 | +€9,378 | +46.1% |
| Financial charges | 65/66B | €7,383 | €7,853 | +€469 | +6.4% |
| Recurring financial charges | 65 | €7,383 | €7,853 | +€469 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €47,460 | €7,410 | -€40,050 | -84.4% |
| Income taxes | 67/77 | €13,218 | €15,000 | +€1,782 | +13.5% |
| Profit (loss) for the period | 9904 | €34,242 | -€7,590 | -€41,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,242 | -€7,590 | -€41,832 |
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 10 October 2026 via checked.be.