RISO IMMO: 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.
RISO IMMO
Largest movements
- Tangible fixed assets -€443,554
down €443,554 (-12.3%), from €3.6m to €3.1m
of which Land and buildings: -€438,233
- Receivables within one year -€401,598
down €401,598 (-37.1%), from €1.1m to €681,619
of which Other amounts receivable: -€444,167
- Cash -€84,095
down €84,095 (-52.0%), from €161,575 to €77,480
mainly Other debts (-€1.2m) and Debts after one year (-€564,782)
- Other debts -€1.2m
down €1.2m (-94.4%), from €1.3m to €71,426
- Reserves +€596,188
up €596,188 (+154%), from €386,952 to €983,140
of which Tax-exempt reserves: +€596,188
- Debts after one year -€564,782
down €564,782 (-22.4%), from €2.5m to €2.0m
of which Financial debts: -€564,782
- Provisions +€217,348
new in 2025: €217,348
- Profit (loss) carried forward +€164,788
up €164,788 (+15.3%), from €1.1m to €1.2m
- Gross operating margin +€689,520
up €689,520 (+63.9%), from €1.1m to €1.8m
- Financial charges -€71,255
down €71,255 (-35.9%), from €198,399 to €127,144
- Depreciation -€22,174
down €22,174 (-5.1%), from €435,121 to €412,947
- Taxes -€20,901
down €20,901 (-24.5%), from €85,392 to €64,491
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.
Derived cash bridge
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 | €6,419,328 | €5,490,081 | -€929,247 | -14.5% |
| Fixed assets | 21/28 | €5,174,537 | €4,730,983 | -€443,554 | -8.6% |
| Tangible fixed assets | 22/27 | €3,591,669 | €3,148,115 | -€443,554 | -12.3% |
| Land and buildings | 22 | €3,553,463 | €3,115,231 | -€438,233 | -12.3% |
| Plant, machinery and equipment | 23 | €38,206 | €32,885 | -€5,321 | -13.9% |
| Financial fixed assets | 28 | €1,582,867 | €1,582,867 | = | 0.0% |
| Current assets | 29/58 | €1,244,792 | €759,098 | -€485,693 | -39.0% |
| Amounts receivable within one year | 40/41 | €1,083,217 | €681,619 | -€401,598 | -37.1% |
| Trade receivables | 40 | €106,629 | €149,197 | +€42,569 | +39.9% |
| Other amounts receivable | 41 | €976,588 | €532,421 | -€444,167 | -45.5% |
| Cash at bank and in hand | 54/58 | €161,575 | €77,480 | -€84,095 | -52.0% |
| Total equity and liabilities | 10/49 | €6,419,328 | €5,490,081 | -€929,247 | -14.5% |
| Equity | 10/15 | €1,600,455 | €2,361,432 | +€760,977 | +47.5% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €386,952 | €983,140 | +€596,188 | +154% |
| Non-distributable reserves | 130/1 | €13,635 | €13,635 | = | 0.0% |
| Legal reserve | 130 | €13,635 | €13,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €373,317 | €969,505 | +€596,188 | +160% |
| Profit (loss) carried forward | 14 | €1,077,162 | €1,241,950 | +€164,788 | +15.3% |
| Provisions and deferred taxes | 16 | - | €217,348 | +€217,348 | |
| Deferred taxes | 168 | - | €217,348 | +€217,348 | |
| Amounts payable | 17/49 | €4,818,873 | €2,911,302 | -€1.9m | -39.6% |
| Amounts payable after more than one year | 17 | €2,525,127 | €1,960,345 | -€564,782 | -22.4% |
| Financial debts | 170/4 | €2,483,936 | €1,919,154 | -€564,782 | -22.7% |
| Other amounts payable | 178/9 | €41,191 | €41,191 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,285,791 | €950,956 | -€1.3m | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €564,989 | €564,782 | -€206 | 0.0% |
| Financial debts | 43 | €46,118 | €43,904 | -€2,214 | -4.8% |
| Credit institutions | 430/8 | €46,118 | €43,904 | -€2,214 | -4.8% |
| Trade debts | 44 | €204,218 | €119,987 | -€84,232 | -41.2% |
| Suppliers | 440/4 | €204,218 | €119,987 | -€84,232 | -41.2% |
| Taxes, remuneration and social security | 45 | €200,004 | €150,858 | -€49,146 | -24.6% |
| Taxes | 450/3 | €200,004 | €150,858 | -€49,146 | -24.6% |
| Other amounts payable | 47/48 | €1,270,462 | €71,426 | -€1.2m | -94.4% |
| Accrued charges and deferred income | 492/3 | €7,955 | - | -€7,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,121 | €412,947 | -€22,174 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,500 | - | -€13,500 | |
| Other operating charges | 640/8 | €187,613 | €197,606 | +€9,994 | +5.3% |
| Gross operating margin | 9900 | €1,079,304 | €1,768,824 | +€689,520 | +63.9% |
| Operating profit (loss) | 9901 | €443,071 | €1,158,271 | +€715,200 | +161% |
| Financial income | 75/76B | €23,362 | €11,689 | -€11,673 | -50.0% |
| Recurring financial income | 75 | €23,362 | €11,689 | -€11,673 | -50.0% |
| Financial charges | 65/66B | €198,399 | €127,144 | -€71,255 | -35.9% |
| Recurring financial charges | 65 | €198,399 | €127,144 | -€71,255 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €268,033 | €1,042,816 | +€774,782 | +289% |
| Transfer to deferred taxes | 680 | - | €217,348 | +€217,348 | |
| Income taxes | 67/77 | €85,392 | €64,491 | -€20,901 | -24.5% |
| Profit (loss) for the period | 9904 | €182,642 | €760,977 | +€578,335 | +317% |
| Transfer from tax-exempt reserves | 789 | €52,732 | €55,857 | +€3,125 | +5.9% |
| Transfer to tax-exempt reserves | 689 | - | €652,045 | +€652,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €235,373 | €164,788 | -€70,585 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.