RITELSIMMO: 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.
What changed
RITELSIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,337
2024 · €17,744+€593
Equity
€2.9m
2024 · €818,932+€2.0m
Cash
€78,983
2024 · €49,011+€29,971
Balance sheet total
€3.5m
2024 · €1.5m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+139.4%), from €1.4m to €3.4m
Equity and liabilities
- Revaluation surpluses +€2.0m
new in 2025: €2.0m
- Debts after one year -€43,901
down €43,901 (-23.4%), from €187,423 to €143,522
of which Financial debts: -€43,901
Income statement
- Financial charges -€2,588
down €2,588 (-11.2%), from €23,062 to €20,474
- Depreciation +€2,233
up €2,233 (+3.3%), from €67,968 to €70,202
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.
Result 2024
€17,744
Gross operating margin
-€427
Depreciation
-€2,233
Other operating charges
+€943
Financial charges
+€2,588
Taxes
-€277
Result 2025
€18,337
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.
From operations
+€87,967
Investment
-€2.0m
Financing
+€2.0m
Cash 2024
€49,011
From operations (derived)
+€87,967
Net result for the year
+€18,337
Depreciation
+€70,202
Smaller working-capital items
+€7,071
Provisions
-€7,642
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€2.0m
Debts after one year
-€43,901
Current portion of long-term debt
+€644
Contributions, distributions and other
+€2.0m
Cash 2025
€78,983
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,477,853 | €3,478,791 | +€2.0m | +135.4% |
| Fixed assets | 21/28 | €1,414,876 | €3,387,475 | +€2.0m | +139.4% |
| Tangible fixed assets | 22/27 | €1,414,876 | €3,387,475 | +€2.0m | +139.4% |
| Land and buildings | 22 | €1,414,876 | €3,387,475 | +€2.0m | +139.4% |
| Current assets | 29/58 | €62,976 | €91,315 | +€28,339 | +45.0% |
| Amounts receivable within one year | 40/41 | €12,821 | €11,064 | -€1,757 | -13.7% |
| Trade receivables | 40 | €2,511 | €2,650 | +€139 | +5.5% |
| Other amounts receivable | 41 | €10,310 | €8,415 | -€1,896 | -18.4% |
| Cash at bank and in hand | 54/58 | €49,011 | €78,983 | +€29,971 | +61.2% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,268 | +€124 | +10.9% |
| Total equity and liabilities | 10/49 | €1,477,853 | €3,478,791 | +€2.0m | +135.4% |
| Equity | 10/15 | €818,932 | €2,865,330 | +€2.0m | +249.9% |
| Contributions | 10/11 | €143,550 | €143,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,028,061 | +€2.0m | |
| Reserves | 13 | €341,457 | €359,794 | +€18,337 | +5.4% |
| Tax-exempt reserves | 132 | €79,261 | €75,186 | -€4,075 | -5.1% |
| Distributable reserves | 133 | €262,196 | €284,608 | +€22,412 | +8.5% |
| Profit (loss) carried forward | 14 | €333,925 | €333,925 | = | 0.0% |
| Provisions and deferred taxes | 16 | €162,803 | €155,161 | -€7,642 | -4.7% |
| Deferred taxes | 168 | €162,803 | €155,161 | -€7,642 | -4.7% |
| Amounts payable | 17/49 | €496,118 | €458,300 | -€37,818 | -7.6% |
| Amounts payable after more than one year | 17 | €187,423 | €143,522 | -€43,901 | -23.4% |
| Financial debts | 170/4 | €183,223 | €139,322 | -€43,901 | -24.0% |
| Other amounts payable | 178/9 | €4,200 | €4,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €288,587 | €297,703 | +€9,116 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €43,256 | €43,901 | +€644 | +1.5% |
| Trade debts | 44 | €1,874 | €1,892 | +€18 | +1.0% |
| Suppliers | 440/4 | €1,874 | €1,892 | +€18 | +1.0% |
| Taxes, remuneration and social security | 45 | €4,250 | €8,776 | +€4,527 | +106.5% |
| Taxes | 450/3 | €4,250 | €8,776 | +€4,527 | +106.5% |
| Other amounts payable | 47/48 | €239,208 | €243,135 | +€3,927 | +1.6% |
| Accrued charges and deferred income | 492/3 | €20,108 | €17,075 | -€3,033 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,968 | €70,202 | +€2,233 | +3.3% |
| Other operating charges | 640/8 | €6,223 | €5,280 | -€943 | -15.2% |
| Gross operating margin | 9900 | €121,604 | €121,177 | -€427 | -0.4% |
| Operating profit (loss) | 9901 | €47,413 | €45,696 | -€1,717 | -3.6% |
| Financial charges | 65/66B | €23,062 | €20,474 | -€2,588 | -11.2% |
| Recurring financial charges | 65 | €23,062 | €20,474 | -€2,588 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €24,351 | €25,222 | +€870 | +3.6% |
| Transfer from deferred taxes | 780 | €7,642 | €7,642 | = | 0.0% |
| Income taxes | 67/77 | €14,250 | €14,527 | +€277 | +1.9% |
| Profit (loss) for the period | 9904 | €17,744 | €18,337 | +€593 | +3.3% |
| Transfer from tax-exempt reserves | 789 | €4,075 | €4,075 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,819 | €22,412 | +€593 | +2.7% |
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 6 October 2026 via checked.be.