RITEL: 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.
RITEL
Largest movements
- Tangible fixed assets +€58,014
up €58,014 (+199.5%), from €29,082 to €87,095
- Receivables within one year +€15,883
up €15,883 (+139.8%), from €11,365 to €27,248
of which Other amounts receivable: +€7,985
- Deferred charges and accrued income +€5,389
up €5,389 (+177.9%), from €3,029 to €8,419
- Debts after one year +€47,998
new in 2025: €47,998
- Profit (loss) carried forward +€31,693
up €31,693 (+130.7%), from €24,247 to €55,940
- Other debts -€14,998
no longer reported in 2025 (was €14,998)
- Current portion of long-term debt +€11,097
new in 2025: €11,097
- Tax, wage and social debts +€2,424
up €2,424 (+20.3%), from €11,917 to €14,341
of which Taxes: +€10,693
- Gross operating margin +€36,794
up €36,794 (+169.7%), from €21,676 to €58,469
- Taxes +€7,046
up €7,046 (+193.1%), from €3,648 to €10,693
- Financial charges +€1,829
up €1,829 (+511.4%), from €358 to €2,186
- Other operating charges +€849
up €849 (+44.8%), from €1,894 to €2,743
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 | €54,723 | €134,301 | +€79,578 | +145.4% |
| Fixed assets | 21/28 | €29,082 | €87,095 | +€58,014 | +199.5% |
| Tangible fixed assets | 22/27 | €29,082 | €87,095 | +€58,014 | +199.5% |
| Furniture and vehicles | 24 | €29,082 | €87,095 | +€58,014 | +199.5% |
| Current assets | 29/58 | €25,641 | €47,206 | +€21,565 | +84.1% |
| Amounts receivable within one year | 40/41 | €11,365 | €27,248 | +€15,883 | +139.8% |
| Trade receivables | 40 | €9,068 | €16,966 | +€7,898 | +87.1% |
| Other amounts receivable | 41 | €2,296 | €10,281 | +€7,985 | +347.7% |
| Cash at bank and in hand | 54/58 | €11,247 | €11,540 | +€292 | +2.6% |
| Deferred charges and accrued income | 490/1 | €3,029 | €8,419 | +€5,389 | +177.9% |
| Total equity and liabilities | 10/49 | €54,723 | €134,301 | +€79,578 | +145.4% |
| Equity | 10/15 | €25,747 | €57,440 | +€31,693 | +123.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,247 | €55,940 | +€31,693 | +130.7% |
| Amounts payable | 17/49 | €28,976 | €76,861 | +€47,885 | +165.3% |
| Amounts payable after more than one year | 17 | - | €47,998 | +€47,998 | |
| Financial debts | 170/4 | - | €47,998 | +€47,998 | |
| Amounts payable within one year | 42/48 | €28,976 | €28,863 | -€113 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,097 | +€11,097 | |
| Trade debts | 44 | €2,061 | €3,424 | +€1,364 | +66.2% |
| Suppliers | 440/4 | €2,061 | €3,424 | +€1,364 | +66.2% |
| Taxes, remuneration and social security | 45 | €11,917 | €14,341 | +€2,424 | +20.3% |
| Taxes | 450/3 | €3,648 | €14,341 | +€10,693 | +293.1% |
| Remuneration and social security | 454/9 | €8,269 | - | -€8,269 | |
| Other amounts payable | 47/48 | €14,998 | - | -€14,998 | |
| Non-recurring operating income | 76A | - | €2,439 | +€2,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,318 | €8,698 | +€380 | +4.6% |
| Other operating charges | 640/8 | €1,894 | €2,743 | +€849 | +44.8% |
| Non-recurring operating charges | 66A | - | €2,868 | +€2,868 | |
| Gross operating margin | 9900 | €21,676 | €58,469 | +€36,794 | +169.7% |
| Operating profit (loss) | 9901 | €11,464 | €44,162 | +€32,698 | +285.2% |
| Financial income | 75/76B | - | €411 | +€411 | |
| Recurring financial income | 75 | - | €411 | +€411 | |
| Financial charges | 65/66B | €358 | €2,186 | +€1,829 | +511.4% |
| Recurring financial charges | 65 | €358 | €2,186 | +€1,829 | +511.4% |
| Profit (loss) for the period before taxes | 9903 | €11,106 | €42,386 | +€31,280 | +281.6% |
| Income taxes | 67/77 | €3,648 | €10,693 | +€7,046 | +193.1% |
| Profit (loss) for the period | 9904 | €7,458 | €31,693 | +€24,235 | +324.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,458 | €31,693 | +€24,235 | +324.9% |
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 3 October 2026 via checked.be.