RIPOVA: 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.
RIPOVA
Largest movements
- Cash -€3,450
down €3,450 (-74.6%), from €4,627 to €1,177
mainly Stocks and contracts (-€3,066) and Receivables within one year (-€598)
- Stocks and contracts +€3,066
up €3,066 (+7.2%), from €42,486 to €45,552
- Receivables within one year +€598
up €598 (+329%), from €182 to €780
- Reserves +€806
up €806 (+3.0%), from €27,061 to €27,866
of which Distributable reserves: +€806
- Depreciation -€519
no longer reported in 2025 (was €519)
- Other operating charges +€400
new in 2025: €400
- Gross operating margin +€308
up €308 (+28.8%), from €1,070 to €1,379
- Taxes +€50
up €50 (+63.0%), from €79 to €128
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 | €47,495 | €47,908 | +€413 | +0.9% |
| Current assets | 29/58 | €47,495 | €47,908 | +€413 | +0.9% |
| Stocks and contracts in progress | 3 | €42,486 | €45,552 | +€3,066 | +7.2% |
| Stocks | 30/36 | €42,486 | €45,552 | +€3,066 | +7.2% |
| Amounts receivable within one year | 40/41 | €182 | €780 | +€598 | +329% |
| Trade receivables | 40 | €182 | €780 | +€598 | +329% |
| Cash at bank and in hand | 54/58 | €4,627 | €1,177 | -€3,450 | -74.6% |
| Deferred charges and accrued income | 490/1 | €200 | €400 | +€200 | +100% |
| Total equity and liabilities | 10/49 | €47,495 | €47,908 | +€413 | +0.9% |
| Equity | 10/15 | €47,061 | €47,866 | +€806 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,061 | €27,866 | +€806 | +3.0% |
| Non-distributable reserves | 130/1 | €1,010 | €1,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,010 | €1,010 | = | 0.0% |
| Distributable reserves | 133 | €26,051 | €26,857 | +€806 | +3.1% |
| Amounts payable | 17/49 | €435 | €42 | -€392 | -90.3% |
| Amounts payable within one year | 42/48 | €435 | €42 | -€392 | -90.3% |
| Trade debts | 44 | €435 | €42 | -€392 | -90.3% |
| Suppliers | 440/4 | €435 | €42 | -€392 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | - | -€519 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €1,070 | €1,379 | +€308 | +28.8% |
| Operating profit (loss) | 9901 | €552 | €979 | +€427 | +77.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €508 | €934 | +€426 | +83.8% |
| Income taxes | 67/77 | €79 | €128 | +€50 | +63.0% |
| Profit (loss) for the period | 9904 | €429 | €806 | +€376 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €429 | €806 | +€376 | +87.6% |
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.