RILACO: what changed
Two fiscal 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.
RILACO
Largest movements
- Cash +€375,187
up €375,187 (+301.3%), from €124,522 to €499,709
mainly Net result for the year (+€1.3m) and Other debts (+€563,947)
- Receivables within one year +€307,024
up €307,024 (+34.4%), from €891,668 to €1.2m
of which Trade receivables: +€305,108
- Other debts +€563,947
up €563,947 (+53.9%), from €1.0m to €1.6m
- Trade debts +€512,099
up €512,099 (+146.4%), from €349,698 to €861,797
- Reserves -€317,390
down €317,390 (-9.4%), from €3.4m to €3.0m
of which Distributable reserves: -€372,396
- Debts after one year -€228,102
down €228,102 (-8.2%), from €2.8m to €2.6m
of which Financial debts: -€228,102
- Gross operating margin +€147,502
up €147,502 (+9.8%), from €1.5m to €1.7m
- Financial income +€72,445
up €72,445 (+37.1%), from €195,474 to €267,919
- Taxes +€69,805
up €69,805 (+48.9%), from €142,842 to €212,647
- Depreciation -€35,474
down €35,474 (-12.7%), from €278,840 to €243,366
- Financial charges +€16,892
up €16,892 (+28.1%), from €60,074 to €76,967
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 | €11,433,476 | €12,023,242 | +€589,766 | +5.2% |
| Fixed assets | 21/28 | €10,378,108 | €10,284,842 | -€93,266 | -0.9% |
| Tangible fixed assets | 22/27 | €5,677,090 | €5,583,824 | -€93,266 | -1.6% |
| Land and buildings | 22 | €5,651,020 | €5,566,263 | -€84,757 | -1.5% |
| Plant, machinery and equipment | 23 | €26,070 | €17,561 | -€8,509 | -32.6% |
| Financial fixed assets | 28 | €4,701,018 | €4,701,018 | = | 0.0% |
| Current assets | 29/58 | €1,055,368 | €1,738,400 | +€683,031 | +64.7% |
| Amounts receivable within one year | 40/41 | €891,668 | €1,198,692 | +€307,024 | +34.4% |
| Trade receivables | 40 | €433,566 | €738,675 | +€305,108 | +70.4% |
| Other amounts receivable | 41 | €458,101 | €460,017 | +€1,916 | +0.4% |
| Cash at bank and in hand | 54/58 | €124,522 | €499,709 | +€375,187 | +301.3% |
| Deferred charges and accrued income | 490/1 | €39,179 | €39,999 | +€820 | +2.1% |
| Total equity and liabilities | 10/49 | €11,433,476 | €12,023,242 | +€589,766 | +5.2% |
| Equity | 10/15 | €6,811,560 | €6,494,170 | -€317,390 | -4.7% |
| Contributions | 10/11 | €3,447,000 | €3,447,000 | = | 0.0% |
| Capital | 10 | €3,447,000 | €3,447,000 | = | 0.0% |
| Issued capital | 100 | €3,447,000 | €3,447,000 | = | 0.0% |
| Reserves | 13 | €3,364,560 | €3,047,170 | -€317,390 | -9.4% |
| Non-distributable reserves | 130/1 | €271,080 | €335,015 | +€63,935 | +23.6% |
| Legal reserve | 130 | €265,279 | €329,214 | +€63,935 | +24.1% |
| Reserves not available under the articles | 1311 | €5,801 | €5,801 | = | 0.0% |
| Tax-exempt reserves | 132 | €192,735 | €183,806 | -€8,929 | -4.6% |
| Distributable reserves | 133 | €2,900,744 | €2,528,348 | -€372,396 | -12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €64,245 | €61,269 | -€2,976 | -4.6% |
| Deferred taxes | 168 | €64,245 | €61,269 | -€2,976 | -4.6% |
| Amounts payable | 17/49 | €4,557,671 | €5,467,803 | +€910,132 | +20.0% |
| Amounts payable after more than one year | 17 | €2,782,275 | €2,554,172 | -€228,102 | -8.2% |
| Financial debts | 170/4 | €2,771,187 | €2,543,085 | -€228,102 | -8.2% |
| Other amounts payable | 178/9 | €11,088 | €11,088 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,774,401 | €2,877,450 | +€1.1m | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €316,731 | €334,219 | +€17,488 | +5.5% |
| Trade debts | 44 | €349,698 | €861,797 | +€512,099 | +146.4% |
| Suppliers | 440/4 | €349,698 | €861,797 | +€512,099 | +146.4% |
| Taxes, remuneration and social security | 45 | €61,706 | €71,220 | +€9,514 | +15.4% |
| Taxes | 450/3 | €47,965 | €57,677 | +€9,711 | +20.2% |
| Remuneration and social security | 454/9 | €13,741 | €13,544 | -€197 | -1.4% |
| Other amounts payable | 47/48 | €1,046,267 | €1,610,214 | +€563,947 | +53.9% |
| Accrued charges and deferred income | 492/3 | €995 | €36,181 | +€35,186 | +3536.3% |
| Remuneration, social security and pensions | 62 | €76,909 | €72,310 | -€4,599 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,840 | €243,366 | -€35,474 | -12.7% |
| Other operating charges | 640/8 | €49,349 | €51,217 | +€1,869 | +3.8% |
| Non-recurring operating charges | 66A | - | €808 | +€808 | |
| Gross operating margin | 9900 | €1,508,691 | €1,656,193 | +€147,502 | +9.8% |
| Operating profit (loss) | 9901 | €1,103,593 | €1,288,491 | +€184,898 | +16.8% |
| Financial income | 75/76B | €195,474 | €267,919 | +€72,445 | +37.1% |
| Recurring financial income | 75 | €195,474 | €267,919 | +€72,445 | +37.1% |
| Financial charges | 65/66B | €60,074 | €76,967 | +€16,892 | +28.1% |
| Recurring financial charges | 65 | €60,074 | €76,967 | +€16,892 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €1,238,993 | €1,479,443 | +€240,450 | +19.4% |
| Transfer from deferred taxes | 780 | €3,622 | €2,976 | -€646 | -17.8% |
| Income taxes | 67/77 | €142,842 | €212,647 | +€69,805 | +48.9% |
| Profit (loss) for the period | 9904 | €1,099,773 | €1,269,772 | +€169,999 | +15.5% |
| Transfer from tax-exempt reserves | 789 | €10,867 | €8,929 | -€1,938 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,110,640 | €1,278,701 | +€168,061 | +15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.