RISCALDI: 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.
RISCALDI
Largest movements
- Tangible fixed assets +€282,936
up €282,936 (+99.2%), from €285,207 to €568,144
of which Land and buildings: +€283,588
- Cash -€127,938
down €127,938 (-95.0%), from €134,632 to €6,694
mainly Investment in fixed assets (net) (-€307,176) and Provisions (-€53,501)
- Receivables within one year +€12,013
up €12,013 (+32.7%), from €36,777 to €48,790
- Deferred charges and accrued income -€12,000
no longer reported in 2024 (was €12,000)
- Debts after one year +€112,373
up €112,373 (+211.2%), from €53,213 to €165,586
- Provisions -€53,501
no longer reported in 2024 (was €53,501)
- Reserves +€49,501
up €49,501 (+21.5%), from €229,837 to €279,338
of which Distributable reserves: +€50,998
- Other debts +€37,736
up €37,736 (+35.4%), from €106,654 to €144,390
- Current portion of long-term debt +€27,352
up €27,352 (+274.3%), from €9,973 to €37,325
- Gross operating margin -€89,321
down €89,321 (-84.2%), from €106,073 to €16,752
- Financial charges +€5,080
up €5,080 (+240.1%), from €2,116 to €7,195
- Taxes +€5,000
new in 2024: €5,000
- Depreciation +€4,068
up €4,068 (+20.2%), from €20,172 to €24,240
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.
Cash bridge derived
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 | €468,616 | €623,628 | +€155,011 | +33.1% |
| Fixed assets | 21/28 | €285,207 | €568,144 | +€282,936 | +99.2% |
| Tangible fixed assets | 22/27 | €285,207 | €568,144 | +€282,936 | +99.2% |
| Land and buildings | 22 | €284,556 | €568,144 | +€283,588 | +99.7% |
| Furniture and vehicles | 24 | €652 | - | -€652 | |
| Current assets | 29/58 | €183,409 | €55,484 | -€127,925 | -69.7% |
| Amounts receivable within one year | 40/41 | €36,777 | €48,790 | +€12,013 | +32.7% |
| Other amounts receivable | 41 | €36,777 | €48,790 | +€12,013 | +32.7% |
| Cash at bank and in hand | 54/58 | €134,632 | €6,694 | -€127,938 | -95.0% |
| Deferred charges and accrued income | 490/1 | €12,000 | - | -€12,000 | |
| Total equity and liabilities | 10/49 | €468,616 | €623,628 | +€155,011 | +33.1% |
| Equity | 10/15 | €225,712 | €257,099 | +€31,387 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,837 | €279,338 | +€49,501 | +21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €157,502 | €156,004 | -€1,497 | -1.0% |
| Distributable reserves | 133 | €70,475 | €121,473 | +€50,998 | +72.4% |
| Profit (loss) carried forward | 14 | -€22,725 | -€40,839 | -€18,113 | -79.7% |
| Provisions and deferred taxes | 16 | €53,501 | - | -€53,501 | |
| Deferred taxes | 168 | €53,501 | - | -€53,501 | |
| Amounts payable | 17/49 | €189,404 | €366,529 | +€177,125 | +93.5% |
| Amounts payable after more than one year | 17 | €53,213 | €165,586 | +€112,373 | +211.2% |
| Financial debts | 170/4 | €53,213 | €165,586 | +€112,373 | +211.2% |
| Amounts payable within one year | 42/48 | €136,191 | €200,943 | +€64,752 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €9,973 | €37,325 | +€27,352 | +274.3% |
| Trade debts | 44 | €19,564 | €19,228 | -€336 | -1.7% |
| Suppliers | 440/4 | €19,564 | €19,228 | -€336 | -1.7% |
| Other amounts payable | 47/48 | €106,654 | €144,390 | +€37,736 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,172 | €24,240 | +€4,068 | +20.2% |
| Other operating charges | 640/8 | €2,834 | €2,430 | -€404 | -14.2% |
| Gross operating margin | 9900 | €106,073 | €16,752 | -€89,321 | -84.2% |
| Operating profit (loss) | 9901 | €83,067 | -€9,918 | -€92,985 | |
| Financial charges | 65/66B | €2,116 | €7,195 | +€5,080 | +240.1% |
| Recurring financial charges | 65 | €2,116 | €7,195 | +€5,080 | +240.1% |
| Profit (loss) for the period before taxes | 9903 | €80,952 | -€17,113 | -€98,065 | |
| Transfer from deferred taxes | 780 | €5,043 | - | -€5,043 | |
| Transfer to deferred taxes | 680 | €33,223 | - | -€33,223 | |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | €52,771 | -€22,113 | -€74,884 | |
| Transfer from tax-exempt reserves | 789 | €15,129 | €215,002 | +€199,873 | +1321.1% |
| Transfer to tax-exempt reserves | 689 | €96,670 | €160,004 | +€63,334 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,770 | €32,885 | +€61,655 |
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 9 October 2026 via checked.be.