RISSK: 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.
RISSK
Largest movements
- Receivables within one year +€173,686
up €173,686 (+4051.1%), from €4,287 to €177,974
of which Trade receivables: +€145,941
- Tangible fixed assets -€108,890
down €108,890 (-3.1%), from €3.5m to €3.4m
of which Land and buildings: -€112,274
- Cash +€57,559
up €57,559 (+67.9%), from €84,714 to €142,273
mainly Net result for the year (+€158,231) and Depreciation (+€129,807)
- Reserves +€158,231
up €158,231 (+43.1%), from €367,172 to €525,403
of which Tax-exempt reserves: +€88,410
- Debts after one year -€145,270
down €145,270 (-5.5%), from €2.6m to €2.5m
- Trade debts +€94,919
up €94,919 (+412.9%), from €22,991 to €117,910
- Gross operating margin +€87,751
up €87,751 (+12.0%), from €728,432 to €816,184
- Taxes +€30,729
up €30,729 (+92.5%), from €33,205 to €63,933
- Staff costs -€14,132
down €14,132 (-3.4%), from €414,225 to €400,093
- Financial charges -€11,622
down €11,622 (-28.4%), from €40,963 to €29,340
- Other operating charges -€11,578
down €11,578 (-25.0%), from €46,358 to €34,780
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 | €3,641,253 | €3,761,676 | +€120,423 | +3.3% |
| Fixed assets | 21/28 | €3,513,571 | €3,404,682 | -€108,890 | -3.1% |
| Tangible fixed assets | 22/27 | €3,513,571 | €3,404,682 | -€108,890 | -3.1% |
| Land and buildings | 22 | €3,471,620 | €3,359,346 | -€112,274 | -3.2% |
| Plant, machinery and equipment | 23 | €33,532 | €40,787 | +€7,255 | +21.6% |
| Furniture and vehicles | 24 | €8,419 | €4,548 | -€3,871 | -46.0% |
| Current assets | 29/58 | €127,682 | €356,995 | +€229,312 | +179.6% |
| Stocks and contracts in progress | 3 | €32,027 | €15,867 | -€16,160 | -50.5% |
| Stocks | 30/36 | €32,027 | €15,867 | -€16,160 | -50.5% |
| Amounts receivable within one year | 40/41 | €4,287 | €177,974 | +€173,686 | +4051.1% |
| Trade receivables | 40 | €1,592 | €147,533 | +€145,941 | +9166.7% |
| Other amounts receivable | 41 | €2,695 | €30,440 | +€27,745 | +1029.4% |
| Cash at bank and in hand | 54/58 | €84,714 | €142,273 | +€57,559 | +67.9% |
| Deferred charges and accrued income | 490/1 | €6,653 | €20,881 | +€14,227 | +213.8% |
| Total equity and liabilities | 10/49 | €3,641,253 | €3,761,676 | +€120,423 | +3.3% |
| Equity | 10/15 | €667,172 | €825,403 | +€158,231 | +23.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €367,172 | €525,403 | +€158,231 | +43.1% |
| 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 | - | €88,410 | +€88,410 | |
| Distributable reserves | 133 | €365,312 | €435,133 | +€69,821 | +19.1% |
| Amounts payable | 17/49 | €2,974,082 | €2,936,274 | -€37,808 | -1.3% |
| Amounts payable after more than one year | 17 | €2,639,679 | €2,494,409 | -€145,270 | -5.5% |
| Financial debts | 170/4 | €2,639,679 | €2,494,409 | -€145,270 | -5.5% |
| Amounts payable within one year | 42/48 | €332,360 | €441,865 | +€109,505 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €224,135 | €210,270 | -€13,865 | -6.2% |
| Financial debts | 43 | - | €3,015 | +€3,015 | |
| Credit institutions | 430/8 | - | €3,015 | +€3,015 | |
| Trade debts | 44 | €22,991 | €117,910 | +€94,919 | +412.9% |
| Suppliers | 440/4 | €22,991 | €117,910 | +€94,919 | +412.9% |
| Taxes, remuneration and social security | 45 | €72,246 | €77,614 | +€5,369 | +7.4% |
| Taxes | 450/3 | €22,020 | €29,614 | +€7,594 | +34.5% |
| Remuneration and social security | 454/9 | €50,225 | €48,000 | -€2,225 | -4.4% |
| Other amounts payable | 47/48 | €12,988 | €33,056 | +€20,068 | +154.5% |
| Accrued charges and deferred income | 492/3 | €2,043 | €0 | -€2,043 | -100.0% |
| Remuneration, social security and pensions | 62 | €414,225 | €400,093 | -€14,132 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,718 | €129,807 | +€89 | +0.1% |
| Other operating charges | 640/8 | €46,358 | €34,780 | -€11,578 | -25.0% |
| Gross operating margin | 9900 | €728,432 | €816,184 | +€87,751 | +12.0% |
| Operating profit (loss) | 9901 | €138,131 | €251,504 | +€113,373 | +82.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €40,963 | €29,340 | -€11,622 | -28.4% |
| Recurring financial charges | 65 | €40,963 | €29,340 | -€11,622 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €97,168 | €222,164 | +€124,996 | +128.6% |
| Income taxes | 67/77 | €33,205 | €63,933 | +€30,729 | +92.5% |
| Profit (loss) for the period | 9904 | €63,964 | €158,231 | +€94,267 | +147.4% |
| Transfer to tax-exempt reserves | 689 | - | €88,410 | +€88,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,964 | €69,821 | +€5,857 | +9.2% |
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 12 October 2026 via checked.be.