RIO: 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.
RIO
Largest movements
- Receivables within one year +€54,168
up €54,168 (+81.7%), from €66,270 to €120,438
of which Other amounts receivable: +€49,670
- Cash -€29,455
down €29,455 (-39.5%), from €74,657 to €45,202
mainly Trade debts (-€56,442) and Receivables within one year (-€54,168)
- Financial fixed assets +€5,070
new in 2025: €5,070
- Stocks and contracts +€3,803
up €3,803 (+13.6%), from €28,000 to €31,803
- Tangible fixed assets -€3,158
down €3,158 (-46.1%), from €6,850 to €3,692
- Reserves +€128,496
new in 2025: €128,496
- Profit (loss) carried forward -€65,837
no longer reported in 2025 (was €65,837)
- Trade debts -€56,442
down €56,442 (-87.5%), from €64,480 to €8,038
- Tax, wage and social debts +€20,212
up €20,212 (+44.5%), from €45,459 to €65,671
of which Taxes: +€21,730
- Other debts +€4,000
new in 2025: €4,000
- Gross operating margin +€78,937
up €78,937 (+87.6%), from €90,075 to €169,011
- Staff costs +€33,890
up €33,890 (+86.3%), from €39,269 to €73,160
- Taxes +€10,511
up €10,511 (+65.9%), from €15,953 to €26,465
- Financial charges +€7,145
up €7,145 (+4,034%), from €177 to €7,322
- Other operating charges -€2,611
down €2,611 (-64.9%), from €4,020 to €1,409
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 | €175,777 | €206,206 | +€30,428 | +17.3% |
| Fixed assets | 21/28 | €6,850 | €8,762 | +€1,912 | +27.9% |
| Tangible fixed assets | 22/27 | €6,850 | €3,692 | -€3,158 | -46.1% |
| Plant, machinery and equipment | 23 | €6,850 | €3,692 | -€3,158 | -46.1% |
| Financial fixed assets | 28 | - | €5,070 | +€5,070 | |
| Current assets | 29/58 | €168,927 | €197,443 | +€28,516 | +16.9% |
| Stocks and contracts in progress | 3 | €28,000 | €31,803 | +€3,803 | +13.6% |
| Stocks | 30/36 | €28,000 | €31,803 | +€3,803 | +13.6% |
| Amounts receivable within one year | 40/41 | €66,270 | €120,438 | +€54,168 | +81.7% |
| Trade receivables | 40 | €0 | €4,498 | +€4,498 | |
| Other amounts receivable | 41 | €66,270 | €115,940 | +€49,670 | +75.0% |
| Cash at bank and in hand | 54/58 | €74,657 | €45,202 | -€29,455 | -39.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €175,777 | €206,206 | +€30,428 | +17.3% |
| Equity | 10/15 | €65,838 | €128,497 | +€62,659 | +95.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | - | €128,496 | +€128,496 | |
| Distributable reserves | 133 | - | €128,496 | +€128,496 | |
| Profit (loss) carried forward | 14 | €65,837 | - | -€65,837 | |
| Amounts payable | 17/49 | €109,939 | €77,709 | -€32,230 | -29.3% |
| Amounts payable within one year | 42/48 | €109,939 | €77,709 | -€32,230 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €64,480 | €8,038 | -€56,442 | -87.5% |
| Suppliers | 440/4 | €64,480 | €8,038 | -€56,442 | -87.5% |
| Taxes, remuneration and social security | 45 | €45,459 | €65,671 | +€20,212 | +44.5% |
| Taxes | 450/3 | €42,116 | €63,846 | +€21,730 | +51.6% |
| Remuneration and social security | 454/9 | €3,343 | €1,825 | -€1,518 | -45.4% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €39,269 | €73,160 | +€33,890 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €1,936 | +€968 | +100.0% |
| Other operating charges | 640/8 | €4,020 | €1,409 | -€2,611 | -64.9% |
| Gross operating margin | 9900 | €90,075 | €169,011 | +€78,937 | +87.6% |
| Operating profit (loss) | 9901 | €45,817 | €92,506 | +€46,689 | +102% |
| Financial income | 75/76B | €2,009 | €3,939 | +€1,930 | +96.1% |
| Recurring financial income | 75 | €2,009 | €3,939 | +€1,930 | +96.1% |
| Financial charges | 65/66B | €177 | €7,322 | +€7,145 | +4,034% |
| Recurring financial charges | 65 | €177 | €7,322 | +€7,145 | +4,034% |
| Profit (loss) for the period before taxes | 9903 | €47,649 | €89,123 | +€41,475 | +87.0% |
| Income taxes | 67/77 | €15,953 | €26,465 | +€10,511 | +65.9% |
| Profit (loss) for the period | 9904 | €31,695 | €62,659 | +€30,963 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,695 | €62,659 | +€30,963 | +97.7% |
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 30 October 2026 via checked.be.