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 +€38,190
up €38,190 (+80.8%), from €47,264 to €85,454
of which Trade receivables: +€34,332
- Stocks and contracts -€8,588
down €8,588 (-29.9%), from €28,694 to €20,106
of which Contracts in progress: -€7,858
- Deferred charges and accrued income +€3,010
up €3,010 (+10.2%), from €29,436 to €32,446
- Tangible fixed assets -€1,885
down €1,885 (-8.1%), from €23,296 to €21,410
of which Furniture and vehicles: -€2,898
- Trade debts +€46,014
up €46,014 (+2151.2%), from €2,139 to €48,153
- Profit (loss) carried forward -€9,211
down €9,211 (-85.3%), from -€10,793 to -€20,004
- Tax, wage and social debts -€6,554
down €6,554 (-40.3%), from €16,280 to €9,725
of which Remuneration and social security: -€6,692
- Gross operating margin +€242,460
up €242,460 (+173.6%), from €139,688 to €382,148
- Staff costs +€222,969
up €222,969 (+155.5%), from €143,415 to €366,384
- Financial charges +€4,830
up €4,830 (+210.5%), from €2,295 to €7,125
- Depreciation +€4,118
up €4,118 (+108.2%), from €3,805 to €7,923
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 | €142,876 | €172,875 | +€29,999 | +21.0% |
| Fixed assets | 21/28 | €25,946 | €25,060 | -€885 | -3.4% |
| Tangible fixed assets | 22/27 | €23,296 | €21,410 | -€1,885 | -8.1% |
| Plant, machinery and equipment | 23 | €10,736 | €11,749 | +€1,013 | +9.4% |
| Furniture and vehicles | 24 | €12,560 | €9,661 | -€2,898 | -23.1% |
| Financial fixed assets | 28 | €2,650 | €3,650 | +€1,000 | +37.7% |
| Current assets | 29/58 | €116,930 | €147,814 | +€30,884 | +26.4% |
| Stocks and contracts in progress | 3 | €28,694 | €20,106 | -€8,588 | -29.9% |
| Stocks | 30/36 | €15,991 | €15,261 | -€730 | -4.6% |
| Contracts in progress | 37 | €12,703 | €4,845 | -€7,858 | -61.9% |
| Amounts receivable within one year | 40/41 | €47,264 | €85,454 | +€38,190 | +80.8% |
| Trade receivables | 40 | €34,985 | €69,317 | +€34,332 | +98.1% |
| Other amounts receivable | 41 | €12,279 | €16,137 | +€3,858 | +31.4% |
| Cash at bank and in hand | 54/58 | €11,536 | €9,808 | -€1,728 | -15.0% |
| Deferred charges and accrued income | 490/1 | €29,436 | €32,446 | +€3,010 | +10.2% |
| Total equity and liabilities | 10/49 | €142,876 | €172,875 | +€29,999 | +21.0% |
| Equity | 10/15 | -€793 | -€10,004 | -€9,211 | -1161.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,793 | -€20,004 | -€9,211 | -85.3% |
| Amounts payable | 17/49 | €143,669 | €182,878 | +€39,210 | +27.3% |
| Amounts payable within one year | 42/48 | €143,419 | €182,878 | +€39,460 | +27.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €2,139 | €48,153 | +€46,014 | +2151.2% |
| Suppliers | 440/4 | €2,139 | €48,153 | +€46,014 | +2151.2% |
| Taxes, remuneration and social security | 45 | €16,280 | €9,725 | -€6,554 | -40.3% |
| Taxes | 450/3 | €1,361 | €1,498 | +€138 | +10.1% |
| Remuneration and social security | 454/9 | €14,919 | €8,227 | -€6,692 | -44.9% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €143,415 | €366,384 | +€222,969 | +155.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,805 | €7,923 | +€4,118 | +108.2% |
| Other operating charges | 640/8 | €910 | €1,944 | +€1,035 | +113.7% |
| Non-recurring operating charges | 66A | - | €7,850 | +€7,850 | |
| Gross operating margin | 9900 | €139,688 | €382,148 | +€242,460 | +173.6% |
| Operating profit (loss) | 9901 | -€8,442 | -€1,954 | +€6,489 | +76.9% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,295 | €7,125 | +€4,830 | +210.5% |
| Recurring financial charges | 65 | €2,295 | €7,125 | +€4,830 | +210.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,737 | -€9,079 | +€1,658 | +15.4% |
| Income taxes | 67/77 | €56 | €132 | +€76 | +135.7% |
| Profit (loss) for the period | 9904 | -€10,793 | -€9,211 | +€1,582 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,793 | -€9,211 | +€1,582 | +14.7% |
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 12 October 2026 via checked.be.