RILS: 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.
RILS
Largest movements
- Tangible fixed assets +€4.6m
up €4.6m (+217.2%), from €2.1m to €6.7m
- Receivables within one year -€2.4m
down €2.4m (-75.2%), from €3.2m to €790,986
of which Other amounts receivable: -€2.4m
- Revaluation surpluses +€4.7m
new in 2025: €4.7m
- Reserves -€2.2m
down €2.2m (-99.8%), from €2.2m to €3,729
of which Distributable reserves: -€2.2m
- Debts after one year -€182,403
down €182,403 (-6.8%), from €2.7m to €2.5m
of which Financial debts: -€182,403
- Depreciation +€78,708
up €78,708 (+60.6%), from €129,866 to €208,574
- Gross operating margin -€75,087
down €75,087 (-18.7%), from €402,418 to €327,331
- Financial income +€33,584
up €33,584 (+96.8%), from €34,688 to €68,272
- Other operating charges -€16,614
down €16,614 (-45.8%), from €36,292 to €19,678
- Financial charges +€5,221
up €5,221 (+11.4%), from €45,796 to €51,017
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 | €5,379,439 | €7,719,338 | +€2.3m | +43.5% |
| Fixed assets | 21/28 | €2,120,529 | €6,726,938 | +€4.6m | +217.2% |
| Tangible fixed assets | 22/27 | €2,120,529 | €6,726,938 | +€4.6m | +217.2% |
| Land and buildings | 22 | €2,120,529 | €6,726,938 | +€4.6m | +217.2% |
| Current assets | 29/58 | €3,258,910 | €992,400 | -€2.3m | -69.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,190,635 | €790,986 | -€2.4m | -75.2% |
| Trade receivables | 40 | €38,885 | €40,246 | +€1,361 | +3.5% |
| Other amounts receivable | 41 | €3,151,750 | €750,739 | -€2.4m | -76.2% |
| Cash at bank and in hand | 54/58 | €57,933 | €122,721 | +€64,788 | +111.8% |
| Deferred charges and accrued income | 490/1 | €10,342 | €78,692 | +€68,351 | +660.9% |
| Total equity and liabilities | 10/49 | €5,379,439 | €7,719,338 | +€2.3m | +43.5% |
| Equity | 10/15 | €2,251,048 | €4,758,604 | +€2.5m | +111.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,736,275 | +€4.7m | |
| Reserves | 13 | €2,232,448 | €3,729 | -€2.2m | -99.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €2,232,448 | €3,729 | -€2.2m | -99.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,128,391 | €2,960,733 | -€167,658 | -5.4% |
| Amounts payable after more than one year | 17 | €2,698,218 | €2,515,815 | -€182,403 | -6.8% |
| Financial debts | 170/4 | €2,578,218 | €2,395,815 | -€182,403 | -7.1% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €382,852 | €396,581 | +€13,728 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €225,174 | €186,564 | -€38,610 | -17.1% |
| Trade debts | 44 | €137,125 | €194,421 | +€57,295 | +41.8% |
| Suppliers | 440/4 | €137,125 | €194,421 | +€57,295 | +41.8% |
| Taxes, remuneration and social security | 45 | €20,113 | €15,556 | -€4,557 | -22.7% |
| Taxes | 450/3 | €20,113 | €15,556 | -€4,557 | -22.7% |
| Other amounts payable | 47/48 | €441 | €41 | -€400 | -90.8% |
| Accrued charges and deferred income | 492/3 | €47,320 | €48,337 | +€1,017 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,866 | €208,574 | +€78,708 | +60.6% |
| Other operating charges | 640/8 | €36,292 | €19,678 | -€16,614 | -45.8% |
| Gross operating margin | 9900 | €402,418 | €327,331 | -€75,087 | -18.7% |
| Operating profit (loss) | 9901 | €236,260 | €99,079 | -€137,181 | -58.1% |
| Financial income | 75/76B | €34,688 | €68,272 | +€33,584 | +96.8% |
| Recurring financial income | 75 | €34,688 | €68,272 | +€33,584 | +96.8% |
| Financial charges | 65/66B | €45,796 | €51,017 | +€5,221 | +11.4% |
| Recurring financial charges | 65 | €45,796 | €51,017 | +€5,221 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €225,152 | €116,334 | -€108,818 | -48.3% |
| Income taxes | 67/77 | €25,177 | €23,761 | -€1,417 | -5.6% |
| Profit (loss) for the period | 9904 | €199,974 | €92,573 | -€107,401 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €199,974 | €92,573 | -€107,401 | -53.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.