RISCO GROUP: 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.
RISCO GROUP
Largest movements
- Cash -€1.4m
down €1.4m (-69.1%), from €2.0m to €618,019
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€243,064)
- Intangible fixed assets +€1.1m
new in 2025: €1.1m
- Receivables within one year +€243,064
up €243,064 (+70.6%), from €344,300 to €587,363
of which Trade receivables: +€203,349
- Profit (loss) carried forward -€87,155
down €87,155 (-4.5%), from €1.9m to €1.8m
- Trade debts +€31,221
up €31,221 (+58.5%), from €53,398 to €84,619
- Staff costs +€120,905
up €120,905 (+21.8%), from €555,554 to €676,459
- Depreciation +€76,007
up €76,007 (+2622.8%), from €2,898 to €78,905
- Gross operating margin +€57,705
up €57,705 (+9.2%), from €625,987 to €683,692
- Financial income -€12,179
down €12,179 (-72.5%), from €16,791 to €4,612
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 | €2,373,452 | €2,335,989 | -€37,463 | -1.6% |
| Fixed assets | 21/28 | €13,469 | €1,112,946 | +€1.1m | +8162.7% |
| Intangible fixed assets | 21 | - | €1,084,741 | +€1.1m | |
| Tangible fixed assets | 22/27 | €6,756 | €8,945 | +€2,189 | +32.4% |
| Furniture and vehicles | 24 | €6,756 | €8,945 | +€2,189 | +32.4% |
| Financial fixed assets | 28 | €6,714 | €19,260 | +€12,546 | +186.9% |
| Current assets | 29/58 | €2,359,983 | €1,223,043 | -€1.1m | -48.2% |
| Amounts receivable within one year | 40/41 | €344,300 | €587,363 | +€243,064 | +70.6% |
| Trade receivables | 40 | €245,076 | €448,425 | +€203,349 | +83.0% |
| Other amounts receivable | 41 | €99,223 | €138,938 | +€39,715 | +40.0% |
| Cash at bank and in hand | 54/58 | €2,001,356 | €618,019 | -€1.4m | -69.1% |
| Deferred charges and accrued income | 490/1 | €14,327 | €17,661 | +€3,334 | +23.3% |
| Total equity and liabilities | 10/49 | €2,373,452 | €2,335,989 | -€37,463 | -1.6% |
| Equity | 10/15 | €2,250,515 | €2,163,360 | -€87,155 | -3.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,920,515 | €1,833,360 | -€87,155 | -4.5% |
| Amounts payable | 17/49 | €122,937 | €172,629 | +€49,692 | +40.4% |
| Amounts payable within one year | 42/48 | €122,937 | €172,629 | +€49,692 | +40.4% |
| Trade debts | 44 | €53,398 | €84,619 | +€31,221 | +58.5% |
| Suppliers | 440/4 | €53,398 | €84,619 | +€31,221 | +58.5% |
| Taxes, remuneration and social security | 45 | €69,539 | €88,010 | +€18,471 | +26.6% |
| Taxes | 450/3 | €1,050 | €3,764 | +€2,714 | +258.5% |
| Remuneration and social security | 454/9 | €68,489 | €84,246 | +€15,756 | +23.0% |
| Remuneration, social security and pensions | 62 | €555,554 | €676,459 | +€120,905 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | €78,905 | +€76,007 | +2622.8% |
| Other operating charges | 640/8 | €11,360 | €13,209 | +€1,849 | +16.3% |
| Gross operating margin | 9900 | €625,987 | €683,692 | +€57,705 | +9.2% |
| Operating profit (loss) | 9901 | €56,175 | -€84,880 | -€141,055 | |
| Financial income | 75/76B | €16,791 | €4,612 | -€12,179 | -72.5% |
| Recurring financial income | 75 | €16,791 | €4,612 | -€12,179 | -72.5% |
| Financial charges | 65/66B | €2,744 | €2,194 | -€550 | -20.0% |
| Recurring financial charges | 65 | €2,744 | €2,194 | -€550 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €70,222 | -€82,462 | -€152,684 | |
| Income taxes | 67/77 | €1,503 | €4,693 | +€3,189 | +212.1% |
| Profit (loss) for the period | 9904 | €68,719 | -€87,155 | -€155,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,719 | -€87,155 | -€155,874 |
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 7 October 2026 via checked.be.