RIPL: 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.
RIPL
Largest movements
- Current investments +€81,500
up €81,500 (+101.9%), from €80,000 to €161,500
- Tangible fixed assets -€15,079
down €15,079 (-29.5%), from €51,177 to €36,098
of which Furniture and vehicles: -€13,683
- Cash +€13,121
up €13,121 (+11.6%), from €113,321 to €126,442
mainly Net result for the year (+€66,689) and Depreciation (+€15,904)
- Receivables within one year -€11,275
down €11,275 (-23.0%), from €49,077 to €37,802
of which Other amounts receivable: -€10,030
- Reserves +€66,689
up €66,689 (+35.7%), from €187,015 to €253,704
- Tax, wage and social debts +€4,801
up €4,801 (+57.6%), from €8,341 to €13,142
- Gross operating margin -€32,023
down €32,023 (-24.2%), from €132,565 to €100,542
- Taxes -€7,190
down €7,190 (-27.4%), from €26,209 to €19,019
- Financial income +€2,718
up €2,718 (+1612.9%), from €169 to €2,887
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 | €298,083 | €367,387 | +€69,304 | +23.2% |
| Fixed assets | 21/28 | €51,177 | €36,098 | -€15,079 | -29.5% |
| Tangible fixed assets | 22/27 | €51,177 | €36,098 | -€15,079 | -29.5% |
| Plant, machinery and equipment | 23 | €11,945 | €10,549 | -€1,396 | -11.7% |
| Furniture and vehicles | 24 | €39,232 | €25,549 | -€13,683 | -34.9% |
| Current assets | 29/58 | €246,906 | €331,289 | +€84,383 | +34.2% |
| Amounts receivable within one year | 40/41 | €49,077 | €37,802 | -€11,275 | -23.0% |
| Trade receivables | 40 | €23,366 | €22,121 | -€1,245 | -5.3% |
| Other amounts receivable | 41 | €25,711 | €15,681 | -€10,030 | -39.0% |
| Current investments | 50/53 | €80,000 | €161,500 | +€81,500 | +101.9% |
| Cash at bank and in hand | 54/58 | €113,321 | €126,442 | +€13,121 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,508 | €5,545 | +€1,037 | +23.0% |
| Total equity and liabilities | 10/49 | €298,083 | €367,387 | +€69,304 | +23.2% |
| Equity | 10/15 | €205,615 | €272,304 | +€66,689 | +32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,015 | €253,704 | +€66,689 | +35.7% |
| Distributable reserves | 133 | €187,015 | €253,704 | +€66,689 | +35.7% |
| Amounts payable | 17/49 | €92,468 | €95,083 | +€2,615 | +2.8% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Other amounts payable | 178/9 | €75,000 | €0 | -€75,000 | -100.0% |
| Amounts payable within one year | 42/48 | €17,468 | €20,083 | +€2,615 | +15.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,446 | €971 | -€2,475 | -71.8% |
| Suppliers | 440/4 | €3,446 | €971 | -€2,475 | -71.8% |
| Taxes, remuneration and social security | 45 | €8,341 | €13,142 | +€4,801 | +57.6% |
| Taxes | 450/3 | €8,341 | €13,142 | +€4,801 | +57.6% |
| Other amounts payable | 47/48 | €5,681 | €5,970 | +€289 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,591 | €15,904 | +€313 | +2.0% |
| Other operating charges | 640/8 | €613 | €1,141 | +€528 | +86.1% |
| Gross operating margin | 9900 | €132,565 | €100,542 | -€32,023 | -24.2% |
| Operating profit (loss) | 9901 | €116,361 | €83,497 | -€32,864 | -28.2% |
| Financial income | 75/76B | €169 | €2,887 | +€2,718 | +1612.9% |
| Recurring financial income | 75 | €169 | €2,887 | +€2,718 | +1612.9% |
| Financial charges | 65/66B | €734 | €675 | -€59 | -8.0% |
| Recurring financial charges | 65 | €734 | €675 | -€59 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €115,795 | €85,709 | -€30,086 | -26.0% |
| Income taxes | 67/77 | €26,209 | €19,019 | -€7,190 | -27.4% |
| Profit (loss) for the period | 9904 | €89,586 | €66,689 | -€22,897 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,586 | €66,689 | -€22,897 | -25.6% |
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 5 October 2026 via checked.be.