RIOBEL: 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.
RIOBEL
Largest movements
- Cash -€18,020
down €18,020 (-6.8%), from €266,866 to €248,846
mainly Other debts (-€21,063) and Trade debts (-€16,721)
- Receivables within one year +€5,723
up €5,723 (+327%), from €1,750 to €7,473
of which Other amounts receivable: +€7,473
- Reserves +€22,319
up €22,319 (+10.8%), from €206,773 to €229,092
of which Distributable reserves: +€22,319
- Other debts -€21,063
down €21,063 (-66.0%), from €31,891 to €10,828
- Trade debts -€16,721
down €16,721 (-40.5%), from €41,331 to €24,611
- Tax, wage and social debts +€3,178
up €3,178 (+62.6%), from €5,080 to €8,258
of which Taxes: +€8,258
- Staff costs -€57,159
down €57,159 (-50.2%), from €113,953 to €56,794
- Gross operating margin -€22,835
down €22,835 (-20.8%), from €109,654 to €86,819
- Other operating charges -€5,838
down €5,838 (-82.2%), from €7,100 to €1,262
- Taxes +€5,829
new in 2025: €5,829
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 | €295,957 | €284,261 | -€11,696 | -4.0% |
| Fixed assets | 21/28 | €27,341 | €27,943 | +€602 | +2.2% |
| Tangible fixed assets | 22/27 | €27,341 | €27,943 | +€602 | +2.2% |
| Plant, machinery and equipment | 23 | €1,223 | €1,825 | +€602 | +49.2% |
| Furniture and vehicles | 24 | €26,118 | €26,118 | = | 0.0% |
| Current assets | 29/58 | €268,616 | €256,318 | -€12,298 | -4.6% |
| Amounts receivable within one year | 40/41 | €1,750 | €7,473 | +€5,723 | +327% |
| Trade receivables | 40 | €1,750 | - | -€1,750 | |
| Other amounts receivable | 41 | - | €7,473 | +€7,473 | |
| Cash at bank and in hand | 54/58 | €266,866 | €248,846 | -€18,020 | -6.8% |
| Total equity and liabilities | 10/49 | €295,957 | €284,261 | -€11,696 | -4.0% |
| Equity | 10/15 | €189,775 | €212,094 | +€22,319 | +11.8% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €206,773 | €229,092 | +€22,319 | +10.8% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €204,889 | €227,208 | +€22,319 | +10.9% |
| Profit (loss) carried forward | 14 | -€35,838 | -€35,838 | = | 0.0% |
| Amounts payable | 17/49 | €106,182 | €72,167 | -€34,015 | -32.0% |
| Amounts payable after more than one year | 17 | €27,881 | €27,881 | = | 0.0% |
| Financial debts | 170/4 | €27,881 | €27,881 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,301 | €44,286 | -€34,015 | -43.4% |
| Trade debts | 44 | €41,331 | €24,611 | -€16,721 | -40.5% |
| Suppliers | 440/4 | €41,331 | €24,611 | -€16,721 | -40.5% |
| Advances received on contracts in progress | 46 | - | €590 | +€590 | |
| Taxes, remuneration and social security | 45 | €5,080 | €8,258 | +€3,178 | +62.6% |
| Taxes | 450/3 | - | €8,258 | +€8,258 | |
| Remuneration and social security | 454/9 | €5,080 | - | -€5,080 | |
| Other amounts payable | 47/48 | €31,891 | €10,828 | -€21,063 | -66.0% |
| Remuneration, social security and pensions | 62 | €113,953 | €56,794 | -€57,159 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | €472 | -€323 | -40.6% |
| Other operating charges | 640/8 | €7,100 | €1,262 | -€5,838 | -82.2% |
| Non-recurring operating charges | 66A | €85 | €88 | +€3 | +3.1% |
| Gross operating margin | 9900 | €109,654 | €86,819 | -€22,835 | -20.8% |
| Operating profit (loss) | 9901 | -€12,278 | €28,204 | +€40,482 | |
| Financial charges | 65/66B | €59 | €56 | -€2 | -4.1% |
| Recurring financial charges | 65 | €59 | €56 | -€2 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,337 | €28,147 | +€40,484 | |
| Income taxes | 67/77 | - | €5,829 | +€5,829 | |
| Profit (loss) for the period | 9904 | -€12,337 | €22,319 | +€34,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,337 | €22,319 | +€34,656 |
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 15 October 2026 via checked.be.