RISTALO: 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.
RISTALO
Largest movements
- Tangible fixed assets -€13,202
down €13,202 (-4.7%), from €282,496 to €269,294
- Cash -€3,465
down €3,465 (-46.0%), from €7,528 to €4,064
mainly Debts after one year (-€98,067) and Net result for the year (-€6,489)
- Debts after one year -€98,067
down €98,067 (-32.9%), from €298,410 to €200,343
of which Financial debts: -€99,515
- Current portion of long-term debt +€90,149
up €90,149 (+963%), from €9,365 to €99,515
- Profit (loss) carried forward -€6,489
down €6,489 (-26.4%), from -€24,596 to -€31,085
- Financial charges +€6,271
up €6,271 (+179%), from €3,513 to €9,784
- Gross operating margin -€1,153
down €1,153 (-5.8%), from €19,848 to €18,696
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 | €291,160 | €274,531 | -€16,629 | -5.7% |
| Fixed assets | 21/28 | €282,496 | €269,294 | -€13,202 | -4.7% |
| Tangible fixed assets | 22/27 | €282,496 | €269,294 | -€13,202 | -4.7% |
| Land and buildings | 22 | €282,496 | €269,294 | -€13,202 | -4.7% |
| Current assets | 29/58 | €8,664 | €5,237 | -€3,427 | -39.6% |
| Cash at bank and in hand | 54/58 | €7,528 | €4,064 | -€3,465 | -46.0% |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,173 | +€38 | +3.3% |
| Total equity and liabilities | 10/49 | €291,160 | €274,531 | -€16,629 | -5.7% |
| Equity | 10/15 | -€19,596 | -€26,085 | -€6,489 | -33.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,596 | -€31,085 | -€6,489 | -26.4% |
| Amounts payable | 17/49 | €310,756 | €300,616 | -€10,140 | -3.3% |
| Amounts payable after more than one year | 17 | €298,410 | €200,343 | -€98,067 | -32.9% |
| Financial debts | 170/4 | €203,410 | €103,895 | -€99,515 | -48.9% |
| Other amounts payable | 178/9 | €95,000 | €96,448 | +€1,448 | +1.5% |
| Amounts payable within one year | 42/48 | €11,796 | €99,545 | +€87,749 | +744% |
| Current portion of amounts payable after more than one year | 42 | €9,365 | €99,515 | +€90,149 | +963% |
| Trade debts | 44 | €2,431 | €30 | -€2,401 | -98.8% |
| Suppliers | 440/4 | €2,431 | €30 | -€2,401 | -98.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €550 | €728 | +€178 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,202 | €13,202 | = | 0.0% |
| Other operating charges | 640/8 | €2,132 | €2,199 | +€67 | +3.1% |
| Gross operating margin | 9900 | €19,848 | €18,696 | -€1,153 | -5.8% |
| Operating profit (loss) | 9901 | €4,515 | €3,295 | -€1,219 | -27.0% |
| Financial charges | 65/66B | €3,513 | €9,784 | +€6,271 | +179% |
| Recurring financial charges | 65 | €3,513 | €9,784 | +€6,271 | +179% |
| Profit (loss) for the period before taxes | 9903 | €1,002 | -€6,489 | -€7,490 | |
| Profit (loss) for the period | 9904 | €1,002 | -€6,489 | -€7,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,002 | -€6,489 | -€7,490 |
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.