RILOU: 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.
RILOU
Largest movements
- Current investments +€200,000
up €200,000 (+100%), from €200,000 to €400,000
- Tangible fixed assets -€107,110
down €107,110 (-2.9%), from €3.7m to €3.6m
of which Land and buildings: -€106,958
- Receivables within one year -€89,550
down €89,550 (-86.5%), from €103,529 to €13,979
of which Other amounts receivable: -€90,984
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€43,042
up €43,042 (+98,925%), from €44 to €43,086
- Gross operating margin -€39,789
down €39,789 (-15.9%), from €250,692 to €210,903
- Other operating charges +€35,299
up €35,299 (+190%), from €18,561 to €53,861
- Depreciation +€5,106
up €5,106 (+4.4%), from €117,003 to €122,110
- Financial income +€4,410
up €4,410 (+114%), from €3,874 to €8,284
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 | €4,098,483 | €4,091,904 | -€6,579 | -0.2% |
| Fixed assets | 21/28 | €3,733,074 | €3,625,965 | -€107,110 | -2.9% |
| Tangible fixed assets | 22/27 | €3,733,074 | €3,625,965 | -€107,110 | -2.9% |
| Land and buildings | 22 | €3,732,204 | €3,625,246 | -€106,958 | -2.9% |
| Furniture and vehicles | 24 | €870 | €718 | -€151 | -17.4% |
| Current assets | 29/58 | €365,409 | €465,939 | +€100,531 | +27.5% |
| Amounts receivable within one year | 40/41 | €103,529 | €13,979 | -€89,550 | -86.5% |
| Trade receivables | 40 | - | €1,434 | +€1,434 | |
| Other amounts receivable | 41 | €103,529 | €12,545 | -€90,984 | -87.9% |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100% |
| Cash at bank and in hand | 54/58 | €61,880 | €51,961 | -€9,919 | -16.0% |
| Total equity and liabilities | 10/49 | €4,098,483 | €4,091,904 | -€6,579 | -0.2% |
| Equity | 10/15 | €1,875,514 | €1,880,084 | +€4,569 | +0.2% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €1,443,263 | €1,430,084 | -€13,179 | -0.9% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,516 | €130,594 | -€32,922 | -20.1% |
| Distributable reserves | 133 | €1,234,747 | €1,254,490 | +€19,743 | +1.6% |
| Profit (loss) carried forward | 14 | -€17,749 | - | +€17,749 | |
| Provisions and deferred taxes | 16 | €73,392 | €67,276 | -€6,116 | -8.3% |
| Deferred taxes | 168 | €73,392 | €67,276 | -€6,116 | -8.3% |
| Amounts payable | 17/49 | €2,149,577 | €2,144,545 | -€5,032 | -0.2% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,750,000 | = | 0.0% |
| Financial debts | 170/4 | €1,750,000 | €1,750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €394,577 | €394,545 | -€32 | 0.0% |
| Trade debts | 44 | €2,032 | - | -€2,032 | |
| Suppliers | 440/4 | €2,032 | - | -€2,032 | |
| Taxes, remuneration and social security | 45 | - | €12,900 | +€12,900 | |
| Taxes | 450/3 | - | €12,900 | +€12,900 | |
| Other amounts payable | 47/48 | €392,545 | €381,645 | -€10,900 | -2.8% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,003 | €122,110 | +€5,106 | +4.4% |
| Other operating charges | 640/8 | €18,561 | €53,861 | +€35,299 | +190% |
| Non-recurring operating charges | 66A | €154,695 | - | -€154,695 | |
| Gross operating margin | 9900 | €250,692 | €210,903 | -€39,789 | -15.9% |
| Operating profit (loss) | 9901 | -€39,567 | €34,933 | +€74,500 | |
| Financial income | 75/76B | €3,874 | €8,284 | +€4,410 | +114% |
| Recurring financial income | 75 | €3,874 | €8,284 | +€4,410 | +114% |
| Financial charges | 65/66B | €44 | €43,086 | +€43,042 | +98,925% |
| Recurring financial charges | 65 | €44 | €43,086 | +€43,042 | +98,925% |
| Profit (loss) for the period before taxes | 9903 | -€35,737 | €131 | +€35,868 | |
| Transfer from deferred taxes | 780 | €6,116 | €6,116 | = | 0.0% |
| Income taxes | 67/77 | - | €1,678 | +€1,678 | |
| Profit (loss) for the period | 9904 | -€29,621 | €4,569 | +€34,190 | |
| Transfer from tax-exempt reserves | 789 | €11,872 | €32,922 | +€21,050 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,749 | €37,491 | +€55,240 |
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 18 October 2026 via checked.be.