RiLey Research: 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.
RiLey Research
Largest movements
- Cash -€44,622
down €44,622 (-81.8%), from €54,542 to €9,920
mainly Other debts (-€44,664) and Tax, wage and social debts (-€5,911)
- Other debts -€44,664
down €44,664 (-28.4%), from €157,015 to €112,351
- Tax, wage and social debts -€5,911
down €5,911 (-97.1%), from €6,090 to €179
- Profit (loss) carried forward +€4,131
up €4,131 (+12.2%), from €33,861 to €37,992
- Gross operating margin +€26,564
up €26,564, from -€20,624 to €5,940
- Other operating charges +€270
up €270 (+30.8%), from €875 to €1,144
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 | €219,439 | €171,907 | -€47,532 | -21.7% |
| Fixed assets | 21/28 | €848 | €364 | -€485 | -57.1% |
| Tangible fixed assets | 22/27 | €848 | €364 | -€485 | -57.1% |
| Furniture and vehicles | 24 | €848 | €364 | -€485 | -57.1% |
| Current assets | 29/58 | €218,591 | €171,543 | -€47,047 | -21.5% |
| Stocks and contracts in progress | 3 | €161,544 | €161,544 | = | 0.0% |
| Stocks | 30/36 | €161,544 | €161,544 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,500 | - | -€1,500 | |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Cash at bank and in hand | 54/58 | €54,542 | €9,920 | -€44,622 | -81.8% |
| Deferred charges and accrued income | 490/1 | €1,005 | €79 | -€925 | -92.1% |
| Total equity and liabilities | 10/49 | €219,439 | €171,907 | -€47,532 | -21.7% |
| Equity | 10/15 | €54,321 | €58,452 | +€4,131 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,861 | €37,992 | +€4,131 | +12.2% |
| Amounts payable | 17/49 | €165,118 | €113,455 | -€51,664 | -31.3% |
| Amounts payable within one year | 42/48 | €165,118 | €113,455 | -€51,664 | -31.3% |
| Trade debts | 44 | €2,013 | €924 | -€1,089 | -54.1% |
| Suppliers | 440/4 | €2,013 | €924 | -€1,089 | -54.1% |
| Taxes, remuneration and social security | 45 | €6,090 | €179 | -€5,911 | -97.1% |
| Taxes | 450/3 | €6,090 | €179 | -€5,911 | -97.1% |
| Other amounts payable | 47/48 | €157,015 | €112,351 | -€44,664 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €485 | = | 0.0% |
| Other operating charges | 640/8 | €875 | €1,144 | +€270 | +30.8% |
| Gross operating margin | 9900 | -€20,624 | €5,940 | +€26,564 | |
| Operating profit (loss) | 9901 | -€21,984 | €4,311 | +€26,294 | |
| Financial charges | 65/66B | €173 | €179 | +€6 | +3.6% |
| Recurring financial charges | 65 | €173 | €179 | +€6 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,157 | €4,131 | +€26,288 | |
| Profit (loss) for the period | 9904 | -€22,157 | €4,131 | +€26,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,157 | €4,131 | +€26,288 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.