RIONEL: 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.
RIONEL
Largest movements
- Receivables within one year -€10,000
down €10,000 (-3.6%), from €278,227 to €268,227
- Cash -€8,396
down €8,396 (-42.1%), from €19,951 to €11,555
mainly Net result for the year (-€25,560)
- Reserves -€25,560
down €25,560 (-6.1%), from €419,183 to €393,623
of which Distributable reserves: -€25,560
No income-statement line moved by more than 1% of the activity.
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 | €806,425 | €781,078 | -€25,347 | -3.1% |
| Fixed assets | 21/28 | €508,248 | €501,296 | -€6,951 | -1.4% |
| Tangible fixed assets | 22/27 | €89,597 | €83,017 | -€6,580 | -7.3% |
| Land and buildings | 22 | €89,597 | €83,017 | -€6,580 | -7.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €418,651 | €418,279 | -€372 | -0.1% |
| Affiliated companies | 280/1 | €418,279 | €418,279 | = | 0.0% |
| Participating interests | 280 | €418,279 | €418,279 | = | 0.0% |
| Other financial fixed assets | 284/8 | €372 | - | -€372 | |
| Amounts receivable and cash guarantees | 285/8 | €372 | - | -€372 | |
| Current assets | 29/58 | €298,178 | €279,782 | -€18,396 | -6.2% |
| Amounts receivable within one year | 40/41 | €278,227 | €268,227 | -€10,000 | -3.6% |
| Other amounts receivable | 41 | €278,227 | €268,227 | -€10,000 | -3.6% |
| Cash at bank and in hand | 54/58 | €19,951 | €11,555 | -€8,396 | -42.1% |
| Total equity and liabilities | 10/49 | €806,425 | €781,078 | -€25,347 | -3.1% |
| Equity | 10/15 | €801,383 | €775,823 | -€25,560 | -3.2% |
| Contributions | 10/11 | €382,200 | €382,200 | = | 0.0% |
| Capital | 10 | €382,200 | €382,200 | = | 0.0% |
| Issued capital | 100 | €382,200 | €382,200 | = | 0.0% |
| Reserves | 13 | €419,183 | €393,623 | -€25,560 | -6.1% |
| Non-distributable reserves | 130/1 | €38,220 | €38,220 | = | 0.0% |
| Legal reserve | 130 | €38,220 | €38,220 | = | 0.0% |
| Distributable reserves | 133 | €380,963 | €355,403 | -€25,560 | -6.7% |
| Amounts payable | 17/49 | €5,043 | €5,255 | +€213 | +4.2% |
| Amounts payable within one year | 42/48 | €5,043 | €5,255 | +€213 | +4.2% |
| Trade debts | 44 | €152 | €364 | +€213 | +140.2% |
| Suppliers | 440/4 | €152 | €364 | +€213 | +140.2% |
| Other amounts payable | 47/48 | €4,891 | €4,891 | = | 0.0% |
| Operating charges | 60/66A | €27,577 | €25,000 | -€2,577 | -9.3% |
| Services and other goods | 61 | €12,613 | €14,143 | +€1,530 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,327 | €6,580 | -€3,747 | -36.3% |
| Other operating charges | 640/8 | €4,636 | €4,277 | -€359 | -7.7% |
| Operating profit (loss) | 9901 | -€27,577 | -€25,000 | +€2,577 | +9.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Financial charges | 65/66B | €543 | €560 | +€17 | +3.0% |
| Recurring financial charges | 65 | €543 | €560 | +€17 | +3.0% |
| Other financial charges | 652/9 | €543 | €560 | +€17 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,120 | -€25,560 | +€2,560 | +9.1% |
| Profit (loss) for the period | 9904 | -€28,120 | -€25,560 | +€2,560 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,120 | -€25,560 | +€2,560 | +9.1% |
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 4 October 2026 via checked.be.