Risan: 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.
Risan
Largest movements
- Deferred charges and accrued income +€680,379
up €680,379 (+3,535%), from €19,247 to €699,626
- Stocks and contracts +€521,219
up €521,219 (+290%), from €180,000 to €701,219
- Receivables within one year -€303,112
down €303,112 (-32.7%), from €927,002 to €623,890
of which Trade receivables: -€247,536
- Cash -€173,316
down €173,316 (-99.4%), from €174,435 to €1,118
mainly Deferred charges and accrued income (-€680,379) and Stocks and contracts (-€521,219)
- Tangible fixed assets -€30,392
down €30,392 (-18.3%), from €166,006 to €135,614
of which Furniture and vehicles: -€31,226
- Trade debts +€622,199
up €622,199 (+151%), from €411,383 to €1.0m
- Profit (loss) carried forward +€92,656
up €92,656 (+22.0%), from €421,376 to €514,032
- Tax, wage and social debts +€39,976
up €39,976 (+43.5%), from €91,868 to €131,844
of which Remuneration and social security: +€39,767
- Debts after one year -€38,294
down €38,294 (-14.7%), from €260,340 to €222,045
- Current portion of long-term debt -€24,134
down €24,134 (-10.0%), from €242,428 to €218,294
- Staff costs -€378,781
down €378,781 (-20.9%), from €1.8m to €1.4m
- Gross operating margin -€372,015
down €372,015 (-17.4%), from €2.1m to €1.8m
- Financial charges +€28,598
up €28,598 (+46.2%), from €61,949 to €90,547
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,468,970 | €2,163,749 | +€694,778 | +47.3% |
| Fixed assets | 21/28 | €168,287 | €137,895 | -€30,392 | -18.1% |
| Tangible fixed assets | 22/27 | €166,006 | €135,614 | -€30,392 | -18.3% |
| Plant, machinery and equipment | 23 | €7,454 | €11,271 | +€3,817 | +51.2% |
| Furniture and vehicles | 24 | €139,359 | €108,134 | -€31,226 | -22.4% |
| Other tangible fixed assets | 26 | €19,193 | €16,210 | -€2,983 | -15.5% |
| Financial fixed assets | 28 | €2,281 | €2,281 | = | 0.0% |
| Current assets | 29/58 | €1,300,683 | €2,025,854 | +€725,170 | +55.8% |
| Stocks and contracts in progress | 3 | €180,000 | €701,219 | +€521,219 | +290% |
| Contracts in progress | 37 | €180,000 | €701,219 | +€521,219 | +290% |
| Amounts receivable within one year | 40/41 | €927,002 | €623,890 | -€303,112 | -32.7% |
| Trade receivables | 40 | €713,855 | €466,319 | -€247,536 | -34.7% |
| Other amounts receivable | 41 | €213,147 | €157,571 | -€55,576 | -26.1% |
| Cash at bank and in hand | 54/58 | €174,435 | €1,118 | -€173,316 | -99.4% |
| Deferred charges and accrued income | 490/1 | €19,247 | €699,626 | +€680,379 | +3,535% |
| Total equity and liabilities | 10/49 | €1,468,970 | €2,163,749 | +€694,778 | +47.3% |
| Equity | 10/15 | €427,908 | €520,564 | +€92,656 | +21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €333 | €333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €333 | €333 | = | 0.0% |
| Reserves not available under the articles | 1311 | €333 | €333 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,376 | €514,032 | +€92,656 | +22.0% |
| Amounts payable | 17/49 | €1,041,062 | €1,643,184 | +€602,122 | +57.8% |
| Amounts payable after more than one year | 17 | €260,340 | €222,045 | -€38,294 | -14.7% |
| Financial debts | 170/4 | €260,340 | €222,045 | -€38,294 | -14.7% |
| Amounts payable within one year | 42/48 | €780,722 | €1,421,139 | +€640,417 | +82.0% |
| Current portion of amounts payable after more than one year | 42 | €242,428 | €218,294 | -€24,134 | -10.0% |
| Financial debts | 43 | - | €9,838 | +€9,838 | |
| Credit institutions | 430/8 | - | €9,838 | +€9,838 | |
| Trade debts | 44 | €411,383 | €1,033,581 | +€622,199 | +151% |
| Suppliers | 440/4 | €411,383 | €1,033,581 | +€622,199 | +151% |
| Taxes, remuneration and social security | 45 | €91,868 | €131,844 | +€39,976 | +43.5% |
| Taxes | 450/3 | €45,235 | €45,444 | +€209 | +0.5% |
| Remuneration and social security | 454/9 | €46,633 | €86,400 | +€39,767 | +85.3% |
| Other amounts payable | 47/48 | €35,044 | €27,582 | -€7,462 | -21.3% |
| Non-recurring operating income | 76A | €37,884 | - | -€37,884 | |
| Remuneration, social security and pensions | 62 | €1,809,937 | €1,431,156 | -€378,781 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,330 | €73,428 | -€8,902 | -10.8% |
| Other operating charges | 640/8 | €24,790 | €25,586 | +€796 | +3.2% |
| Non-recurring operating charges | 66A | €4,164 | - | -€4,164 | |
| Gross operating margin | 9900 | €2,132,135 | €1,760,120 | -€372,015 | -17.4% |
| Operating profit (loss) | 9901 | €210,913 | €229,951 | +€19,037 | +9.0% |
| Financial income | 75/76B | €993 | €1 | -€992 | -99.9% |
| Recurring financial income | 75 | €993 | €1 | -€992 | -99.9% |
| Financial charges | 65/66B | €61,949 | €90,547 | +€28,598 | +46.2% |
| Recurring financial charges | 65 | €61,949 | €90,547 | +€28,598 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €149,957 | €139,405 | -€10,553 | -7.0% |
| Income taxes | 67/77 | €62,427 | €46,749 | -€15,679 | -25.1% |
| Profit (loss) for the period | 9904 | €87,530 | €92,656 | +€5,126 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,530 | €92,656 | +€5,126 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.