RISH: 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.
RISH
Largest movements
- Tangible fixed assets +€239,102
up €239,102 (+399.2%), from €59,898 to €299,000
of which Plant, machinery and equipment: +€190,729
- Cash +€150,769
up €150,769 (+162.8%), from €92,611 to €243,380
mainly Tax, wage and social debts (+€152,416) and Debts after one year (+€108,556)
- Receivables within one year +€140,257
up €140,257 (+162.8%), from €86,152 to €226,409
of which Other amounts receivable: +€93,025
- Stocks and contracts +€12,137
up €12,137 (+77.4%), from €15,691 to €27,828
- Tax, wage and social debts +€152,416
up €152,416 (+426.3%), from €35,755 to €188,171
of which Taxes: +€139,223
- Debts after one year +€108,556
up €108,556 (+221.0%), from €49,110 to €157,666
- Profit (loss) carried forward +€104,219
up €104,219 (+159.9%), from €65,174 to €169,393
- Contributions +€100,000
up €100,000 (+2000.0%), from €5,000 to €105,000
- Current portion of long-term debt +€64,302
up €64,302 (+326.2%), from €19,710 to €84,012
- Gross operating margin +€66,026
up €66,026 (+26.2%), from €252,071 to €318,097
- Staff costs +€24,468
up €24,468 (+27.7%), from €88,374 to €112,842
- Provisions -€14,547
down €14,547 (-60.6%), from €24,000 to €9,453
- Taxes +€10,586
up €10,586 (+60.8%), from €17,424 to €28,010
- Financial charges +€5,130
up €5,130 (+123.2%), from €4,163 to €9,293
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 | €257,161 | €800,466 | +€543,305 | +211.3% |
| Fixed assets | 21/28 | €60,103 | €301,933 | +€241,830 | +402.4% |
| Intangible fixed assets | 21 | - | €2,227 | +€2,227 | |
| Tangible fixed assets | 22/27 | €59,898 | €299,000 | +€239,102 | +399.2% |
| Plant, machinery and equipment | 23 | €24,801 | €215,530 | +€190,729 | +769.0% |
| Furniture and vehicles | 24 | €17,636 | €8,756 | -€8,880 | -50.4% |
| Other tangible fixed assets | 26 | €17,461 | €67,823 | +€50,362 | +288.4% |
| Assets under construction and advance payments | 27 | €0 | €6,892 | +€6,892 | |
| Financial fixed assets | 28 | €205 | €705 | +€500 | +243.9% |
| Current assets | 29/58 | €197,058 | €498,533 | +€301,475 | +153.0% |
| Stocks and contracts in progress | 3 | €15,691 | €27,828 | +€12,137 | +77.4% |
| Stocks | 30/36 | €15,691 | €27,828 | +€12,137 | +77.4% |
| Amounts receivable within one year | 40/41 | €86,152 | €226,409 | +€140,257 | +162.8% |
| Trade receivables | 40 | €77,534 | €124,766 | +€47,232 | +60.9% |
| Other amounts receivable | 41 | €8,618 | €101,643 | +€93,025 | +1079.4% |
| Cash at bank and in hand | 54/58 | €92,611 | €243,380 | +€150,769 | +162.8% |
| Deferred charges and accrued income | 490/1 | €2,604 | €916 | -€1,688 | -64.8% |
| Total equity and liabilities | 10/49 | €257,161 | €800,466 | +€543,305 | +211.3% |
| Equity | 10/15 | €70,174 | €274,393 | +€204,219 | +291.0% |
| Contributions | 10/11 | €5,000 | €105,000 | +€100,000 | +2000.0% |
| Profit (loss) carried forward | 14 | €65,174 | €169,393 | +€104,219 | +159.9% |
| Provisions and deferred taxes | 16 | €24,000 | €33,453 | +€9,453 | +39.4% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €33,453 | +€9,453 | +39.4% |
| Environmental obligations | 163 | €24,000 | €33,453 | +€9,453 | +39.4% |
| Amounts payable | 17/49 | €162,987 | €492,621 | +€329,634 | +202.2% |
| Amounts payable after more than one year | 17 | €49,110 | €157,666 | +€108,556 | +221.0% |
| Financial debts | 170/4 | €49,110 | €157,666 | +€108,556 | +221.0% |
| Amounts payable within one year | 42/48 | €113,877 | €334,955 | +€221,078 | +194.1% |
| Current portion of amounts payable after more than one year | 42 | €19,710 | €84,012 | +€64,302 | +326.2% |
| Trade debts | 44 | €29,683 | €51,127 | +€21,444 | +72.2% |
| Suppliers | 440/4 | €29,683 | €51,127 | +€21,444 | +72.2% |
| Taxes, remuneration and social security | 45 | €35,755 | €188,171 | +€152,416 | +426.3% |
| Taxes | 450/3 | €20,097 | €159,320 | +€139,223 | +692.8% |
| Remuneration and social security | 454/9 | €15,658 | €28,851 | +€13,193 | +84.3% |
| Other amounts payable | 47/48 | €28,729 | €11,645 | -€17,084 | -59.5% |
| Remuneration, social security and pensions | 62 | €88,374 | €112,842 | +€24,468 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,483 | €51,716 | -€2,767 | -5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €24,000 | €9,453 | -€14,547 | -60.6% |
| Other operating charges | 640/8 | €4,434 | €2,723 | -€1,711 | -38.6% |
| Non-recurring operating charges | 66A | €140 | - | -€140 | |
| Gross operating margin | 9900 | €252,071 | €318,097 | +€66,026 | +26.2% |
| Operating profit (loss) | 9901 | €80,640 | €141,363 | +€60,723 | +75.3% |
| Financial income | 75/76B | - | €158 | +€158 | |
| Recurring financial income | 75 | - | €158 | +€158 | |
| Financial charges | 65/66B | €4,163 | €9,293 | +€5,130 | +123.2% |
| Recurring financial charges | 65 | €4,163 | €9,293 | +€5,130 | +123.2% |
| Profit (loss) for the period before taxes | 9903 | €76,477 | €132,228 | +€55,751 | +72.9% |
| Income taxes | 67/77 | €17,424 | €28,010 | +€10,586 | +60.8% |
| Profit (loss) for the period | 9904 | €59,053 | €104,219 | +€45,165 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,053 | €104,219 | +€45,165 | +76.5% |
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 6 October 2026 via checked.be.