RIKUSHOVEN: 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.
What changed
RIKUSHOVEN
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,601
2024 · €13,701+€900
Equity
€481,587
2024 · €466,986+€14,601
Cash
€78,297
2024 · €69,514+€8,783
Balance sheet total
€1.6m
2024 · €1.6m-€41,545
Largest movements
Assets
- Receivables within one year -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
Equity and liabilities
- Debts after one year -€67,374
down €67,374 (-17.3%), from €388,511 to €321,137
of which Other amounts payable: -€49,500
Income statement
- Gross operating margin +€19,522
up €19,522 (+28.9%), from €67,513 to €87,035
- Depreciation +€16,937
up €16,937 (+57.3%), from €29,563 to €46,500
- Financial charges +€4,028
up €4,028 (+40.0%), from €10,079 to €14,107
- Financial income +€1,636
up €1,636 (+6,815%), from €24 to €1,660
- Taxes -€1,209
down €1,209 (-15.9%), from €7,589 to €6,380
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.
Result 2024
€13,701
Gross operating margin
+€19,522
Depreciation
-€16,937
Other operating charges
-€608
Financial income
+€1,636
Financial charges
-€4,028
Taxes
+€1,209
Deferred taxes and other
+€108
Result 2025
€14,601
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€121,741
Investment
-€46,172
Financing
-€66,786
Cash 2024
€69,514
From operations (derived)
+€121,741
Net result for the year
+€14,601
Depreciation
+€46,500
Receivables within one year
+€50,000
Provisions
-€1,179
Trade debts
+€2,393
Tax, wage and social debts
+€2,191
Other debts
+€4,459
Accrued charges and deferred income
+€2,776
Investment (derived)
-€46,172
Investment in fixed assets (net)
-€46,172
Financing
-€66,786
Debts after one year
-€67,374
Current portion of long-term debt
+€589
Contributions, distributions and other
-€0
Cash 2025
€78,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,632,168 | €1,590,623 | -€41,545 | -2.5% |
| Fixed assets | 21/28 | €1,413,154 | €1,412,825 | -€329 | 0.0% |
| Tangible fixed assets | 22/27 | €1,413,154 | €1,412,825 | -€329 | 0.0% |
| Land and buildings | 22 | €1,130,796 | €1,412,825 | +€282,029 | +24.9% |
| Assets under construction and advance payments | 27 | €282,358 | - | -€282,358 | |
| Current assets | 29/58 | €219,014 | €177,797 | -€41,217 | -18.8% |
| Amounts receivable within one year | 40/41 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Other amounts receivable | 41 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Current investments | 50/53 | €49,500 | €49,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,514 | €78,297 | +€8,783 | +12.6% |
| Total equity and liabilities | 10/49 | €1,632,168 | €1,590,623 | -€41,545 | -2.5% |
| Equity | 10/15 | €466,986 | €481,587 | +€14,601 | +3.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €403,986 | €418,587 | +€14,601 | +3.6% |
| Non-distributable reserves | 130/1 | €15,883 | €15,883 | = | 0.0% |
| Legal reserve | 130 | €15,883 | €15,883 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,428 | €95,892 | -€3,536 | -3.6% |
| Distributable reserves | 133 | €288,675 | €306,812 | +€18,137 | +6.3% |
| Provisions and deferred taxes | 16 | €33,143 | €31,964 | -€1,179 | -3.6% |
| Deferred taxes | 168 | €33,143 | €31,964 | -€1,179 | -3.6% |
| Amounts payable | 17/49 | €1,132,039 | €1,077,072 | -€54,967 | -4.9% |
| Amounts payable after more than one year | 17 | €388,511 | €321,137 | -€67,374 | -17.3% |
| Financial debts | 170/4 | €178,511 | €160,637 | -€17,874 | -10.0% |
| Other amounts payable | 178/9 | €210,000 | €160,500 | -€49,500 | -23.6% |
| Amounts payable within one year | 42/48 | €742,278 | €751,909 | +€9,631 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €17,263 | €17,852 | +€589 | +3.4% |
| Trade debts | 44 | €974 | €3,367 | +€2,393 | +246% |
| Suppliers | 440/4 | €974 | €3,367 | +€2,393 | +246% |
| Taxes, remuneration and social security | 45 | €10,102 | €12,293 | +€2,191 | +21.7% |
| Taxes | 450/3 | €10,102 | €12,293 | +€2,191 | +21.7% |
| Other amounts payable | 47/48 | €713,939 | €718,398 | +€4,459 | +0.6% |
| Accrued charges and deferred income | 492/3 | €1,250 | €4,026 | +€2,776 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,563 | €46,500 | +€16,937 | +57.3% |
| Other operating charges | 640/8 | €7,676 | €8,284 | +€608 | +7.9% |
| Gross operating margin | 9900 | €67,513 | €87,035 | +€19,522 | +28.9% |
| Operating profit (loss) | 9901 | €30,274 | €32,251 | +€1,977 | +6.5% |
| Financial income | 75/76B | €24 | €1,660 | +€1,636 | +6,815% |
| Recurring financial income | 75 | €24 | €1,660 | +€1,636 | +6,815% |
| Financial charges | 65/66B | €10,079 | €14,107 | +€4,028 | +40.0% |
| Recurring financial charges | 65 | €10,079 | €14,107 | +€4,028 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €20,219 | €19,803 | -€416 | -2.1% |
| Transfer from deferred taxes | 780 | €1,071 | €1,179 | +€108 | +10.0% |
| Income taxes | 67/77 | €7,589 | €6,380 | -€1,209 | -15.9% |
| Profit (loss) for the period | 9904 | €13,701 | €14,601 | +€900 | +6.6% |
| Transfer from tax-exempt reserves | 789 | €3,214 | €3,536 | +€322 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,915 | €18,137 | +€1,222 | +7.2% |
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.