Rilisti: 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
Rilisti
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€97,407
2024 · €87,781+€9,626
Equity
€466,322
2024 · €369,748+€96,574
Cash
€280,507
2024 · €214,541+€65,966
Balance sheet total
€529,667
2024 · €431,629+€98,038
Largest movements
Assets
- Cash +€65,966
up €65,966 (+30.7%), from €214,541 to €280,507
mainly Net result for the year (+€97,407) and Depreciation (+€5,941)
- Current investments +€27,083
new in 2025: €27,083
Equity and liabilities
- Reserves +€96,574
up €96,574 (+27.5%), from €351,148 to €447,722
Income statement
- Gross operating margin +€13,618
up €13,618 (+10.4%), from €130,535 to €144,153
- Taxes +€4,618
up €4,618 (+13.1%), from €35,268 to €39,886
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
€87,781
Gross operating margin
+€13,618
Depreciation
-€419
Other operating charges
-€165
Financial income
+€902
Financial charges
+€308
Taxes
-€4,618
Result 2025
€97,407
raises the resultlowers the result
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
+€100,529
Investment
-€33,731
Financing
-€833
Cash 2024
€214,541
From operations (derived)
+€100,529
Net result for the year
+€97,407
Depreciation
+€5,941
Receivables within one year
-€4,094
Deferred charges and accrued income
-€188
Trade debts
+€765
Tax, wage and social debts
+€4,455
Other debts
-€4,449
Accrued charges and deferred income
+€693
Investment (derived)
-€33,731
Investment in fixed assets (net)
-€6,647
Current investments
-€27,083
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€280,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,629 | €529,667 | +€98,038 | +22.7% |
| Fixed assets | 21/28 | €160,058 | €160,764 | +€706 | +0.4% |
| Tangible fixed assets | 22/27 | €43,391 | €44,097 | +€706 | +1.6% |
| Plant, machinery and equipment | 23 | €8,827 | €14,156 | +€5,328 | +60.4% |
| Furniture and vehicles | 24 | €294 | €134 | -€159 | -54.2% |
| Other tangible fixed assets | 26 | €34,270 | €29,807 | -€4,463 | -13.0% |
| Financial fixed assets | 28 | €116,667 | €116,667 | = | 0.0% |
| Current assets | 29/58 | €271,571 | €368,903 | +€97,332 | +35.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,169 | €10,263 | +€4,094 | +66.4% |
| Trade receivables | 40 | €4,321 | €5,665 | +€1,344 | +31.1% |
| Other amounts receivable | 41 | €1,848 | €4,598 | +€2,750 | +149% |
| Current investments | 50/53 | - | €27,083 | +€27,083 | |
| Cash at bank and in hand | 54/58 | €214,541 | €280,507 | +€65,966 | +30.7% |
| Deferred charges and accrued income | 490/1 | €862 | €1,050 | +€188 | +21.9% |
| Total equity and liabilities | 10/49 | €431,629 | €529,667 | +€98,038 | +22.7% |
| Equity | 10/15 | €369,748 | €466,322 | +€96,574 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,148 | €447,722 | +€96,574 | +27.5% |
| Distributable reserves | 133 | €351,148 | €447,722 | +€96,574 | +27.5% |
| Amounts payable | 17/49 | €61,881 | €63,345 | +€1,464 | +2.4% |
| Amounts payable within one year | 42/48 | €59,250 | €60,021 | +€771 | +1.3% |
| Trade debts | 44 | €1,104 | €1,869 | +€765 | +69.3% |
| Suppliers | 440/4 | €1,104 | €1,869 | +€765 | +69.3% |
| Taxes, remuneration and social security | 45 | €28,562 | €33,018 | +€4,455 | +15.6% |
| Taxes | 450/3 | €28,562 | €33,018 | +€4,455 | +15.6% |
| Other amounts payable | 47/48 | €29,583 | €25,134 | -€4,449 | -15.0% |
| Accrued charges and deferred income | 492/3 | €2,631 | €3,324 | +€693 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,523 | €5,941 | +€419 | +7.6% |
| Other operating charges | 640/8 | €679 | €843 | +€165 | +24.2% |
| Gross operating margin | 9900 | €130,535 | €144,153 | +€13,618 | +10.4% |
| Operating profit (loss) | 9901 | €124,333 | €137,369 | +€13,035 | +10.5% |
| Financial income | 75/76B | €1,848 | €2,750 | +€902 | +48.8% |
| Recurring financial income | 75 | €1,848 | €2,750 | +€902 | +48.8% |
| Financial charges | 65/66B | €3,133 | €2,825 | -€308 | -9.8% |
| Recurring financial charges | 65 | €3,133 | €2,825 | -€308 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €123,049 | €137,293 | +€14,245 | +11.6% |
| Income taxes | 67/77 | €35,268 | €39,886 | +€4,618 | +13.1% |
| Profit (loss) for the period | 9904 | €87,781 | €97,407 | +€9,626 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,781 | €97,407 | +€9,626 | +11.0% |
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 26 October 2026 via checked.be.