RISREST: 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.
RISREST
Largest movements
- Receivables within one year -€178,637
down €178,637 (-30.6%), from €583,067 to €404,430
of which Other amounts receivable: -€293,779
- Tangible fixed assets -€91,479
down €91,479 (-40.7%), from €224,712 to €133,233
of which Land and buildings: -€78,033
- Cash -€71,651
down €71,651 (-16.5%), from €433,862 to €362,211
mainly Contributions, distributions and other (-€300,000) and Other debts (-€200,000)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Other debts -€200,000
down €200,000 (-40.0%), from €500,000 to €300,000
- Reserves -€174,465
down €174,465 (-40.2%), from €433,704 to €259,239
of which Distributable reserves: -€174,465
- Current portion of long-term debt -€18,629
down €18,629 (-75.3%), from €24,742 to €6,114
- Trade debts +€16,815
up €16,815 (+7.9%), from €214,183 to €230,998
- Gross operating margin -€57,543
down €57,543 (-6.0%), from €957,969 to €900,427
- Staff costs +€44,725
up €44,725 (+7.7%), from €581,598 to €626,323
- Taxes -€26,773
down €26,773 (-35.3%), from €75,950 to €49,177
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 | €1,319,654 | €954,036 | -€365,618 | -27.7% |
| Fixed assets | 21/28 | €246,751 | €155,271 | -€91,479 | -37.1% |
| Tangible fixed assets | 22/27 | €224,712 | €133,233 | -€91,479 | -40.7% |
| Land and buildings | 22 | €136,173 | €58,140 | -€78,033 | -57.3% |
| Furniture and vehicles | 24 | €5,888 | - | -€5,888 | |
| Other tangible fixed assets | 26 | €82,651 | €75,092 | -€7,558 | -9.1% |
| Financial fixed assets | 28 | €22,039 | €22,039 | = | 0.0% |
| Current assets | 29/58 | €1,072,904 | €798,765 | -€274,139 | -25.6% |
| Stocks and contracts in progress | 3 | €15,952 | €17,584 | +€1,633 | +10.2% |
| Stocks | 30/36 | €15,952 | €17,584 | +€1,633 | +10.2% |
| Amounts receivable within one year | 40/41 | €583,067 | €404,430 | -€178,637 | -30.6% |
| Trade receivables | 40 | €14,501 | €129,643 | +€115,142 | +794.1% |
| Other amounts receivable | 41 | €568,566 | €274,787 | -€293,779 | -51.7% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €433,862 | €362,211 | -€71,651 | -16.5% |
| Deferred charges and accrued income | 490/1 | €10,023 | €14,540 | +€4,517 | +45.1% |
| Total equity and liabilities | 10/49 | €1,319,654 | €954,036 | -€365,618 | -27.7% |
| Equity | 10/15 | €464,753 | €290,288 | -€174,465 | -37.5% |
| Contributions | 10/11 | €31,049 | €31,049 | = | 0.0% |
| Reserves | 13 | €433,704 | €259,239 | -€174,465 | -40.2% |
| Non-distributable reserves | 130/1 | €16,605 | €16,605 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,605 | €16,605 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,495 | €4,495 | = | 0.0% |
| Distributable reserves | 133 | €412,604 | €238,139 | -€174,465 | -42.3% |
| Amounts payable | 17/49 | €854,901 | €663,749 | -€191,153 | -22.4% |
| Amounts payable within one year | 42/48 | €854,901 | €663,749 | -€191,153 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €24,742 | €6,114 | -€18,629 | -75.3% |
| Trade debts | 44 | €214,183 | €230,998 | +€16,815 | +7.9% |
| Suppliers | 440/4 | €214,183 | €230,998 | +€16,815 | +7.9% |
| Taxes, remuneration and social security | 45 | €115,976 | €126,637 | +€10,661 | +9.2% |
| Taxes | 450/3 | €30,610 | €38,837 | +€8,227 | +26.9% |
| Remuneration and social security | 454/9 | €85,366 | €87,800 | +€2,434 | +2.9% |
| Other amounts payable | 47/48 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Non-recurring operating income | 76A | - | €17,683 | +€17,683 | |
| Remuneration, social security and pensions | 62 | €581,598 | €626,323 | +€44,725 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,266 | €92,926 | -€3,340 | -3.5% |
| Other operating charges | 640/8 | €1,160 | €2,746 | +€1,587 | +136.8% |
| Gross operating margin | 9900 | €957,969 | €900,427 | -€57,543 | -6.0% |
| Operating profit (loss) | 9901 | €278,945 | €178,431 | -€100,514 | -36.0% |
| Financial income | 75/76B | €4,458 | €890 | -€3,568 | -80.0% |
| Recurring financial income | 75 | €4,458 | €890 | -€3,568 | -80.0% |
| Financial charges | 65/66B | €4,573 | €4,610 | +€36 | +0.8% |
| Recurring financial charges | 65 | €4,573 | €4,610 | +€36 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €278,829 | €174,711 | -€104,118 | -37.3% |
| Income taxes | 67/77 | €75,950 | €49,177 | -€26,773 | -35.3% |
| Profit (loss) for the period | 9904 | €202,880 | €125,535 | -€77,345 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €202,880 | €125,535 | -€77,345 | -38.1% |
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 11 October 2026 via checked.be.