RISBART: 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.
RISBART
Largest movements
- Tangible fixed assets -€10,345
down €10,345 (-2.5%), from €412,389 to €402,044
- Other debts +€38,246
up €38,246 (+10.6%), from €361,148 to €399,394
- Debts after one year -€25,830
down €25,830 (-14.1%), from €183,404 to €157,575
- Profit (loss) carried forward -€20,798
down €20,798 (-20.7%), from -€100,386 to -€121,184
- Gross operating margin +€2,452
up €2,452 (+46.3%), from -€5,294 to -€2,841
- Financial charges -€1,063
down €1,063 (-16.4%), from €6,490 to €5,428
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 | €542,648 | €532,259 | -€10,389 | -1.9% |
| Fixed assets | 21/28 | €503,389 | €493,044 | -€10,345 | -2.1% |
| Tangible fixed assets | 22/27 | €412,389 | €402,044 | -€10,345 | -2.5% |
| Land and buildings | 22 | €412,389 | €402,044 | -€10,345 | -2.5% |
| Financial fixed assets | 28 | €91,000 | €91,000 | = | 0.0% |
| Current assets | 29/58 | €39,259 | €39,215 | -€44 | -0.1% |
| Amounts receivable within one year | 40/41 | €39,089 | €39,089 | = | 0.0% |
| Other amounts receivable | 41 | €39,089 | €39,089 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €170 | €126 | -€44 | -25.7% |
| Total equity and liabilities | 10/49 | €542,648 | €532,259 | -€10,389 | -1.9% |
| Equity | 10/15 | -€29,742 | -€50,539 | -€20,798 | -69.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,645 | €8,645 | = | 0.0% |
| Distributable reserves | 133 | €8,645 | €8,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,386 | -€121,184 | -€20,798 | -20.7% |
| Amounts payable | 17/49 | €572,390 | €582,798 | +€10,409 | +1.8% |
| Amounts payable after more than one year | 17 | €183,404 | €157,575 | -€25,830 | -14.1% |
| Financial debts | 170/4 | €183,404 | €157,575 | -€25,830 | -14.1% |
| Amounts payable within one year | 42/48 | €388,985 | €425,224 | +€36,239 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €25,151 | €25,830 | +€679 | +2.7% |
| Trade debts | 44 | €2,687 | - | -€2,687 | |
| Suppliers | 440/4 | €2,687 | - | -€2,687 | |
| Other amounts payable | 47/48 | €361,148 | €399,394 | +€38,246 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,949 | €10,948 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,533 | €1,581 | +€48 | +3.1% |
| Gross operating margin | 9900 | -€5,294 | -€2,841 | +€2,452 | +46.3% |
| Operating profit (loss) | 9901 | -€17,775 | -€15,370 | +€2,405 | +13.5% |
| Financial charges | 65/66B | €6,490 | €5,428 | -€1,063 | -16.4% |
| Recurring financial charges | 65 | €6,490 | €5,428 | -€1,063 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,266 | -€20,798 | +€3,468 | +14.3% |
| Profit (loss) for the period | 9904 | -€24,266 | -€20,798 | +€3,468 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,266 | -€20,798 | +€3,468 | +14.3% |
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 1 October 2026 via checked.be.