Ritsar: 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.
Ritsar
Largest movements
- Receivables within one year +€25,394
up €25,394 (+10.5%), from €242,560 to €267,954
of which Other amounts receivable: +€50,394
- Cash +€6,015
up €6,015 (+62.1%), from €9,690 to €15,705
mainly Net result for the year (+€64,758) and Depreciation (+€817)
- Reserves +€64,758
up €64,758 (+17.1%), from €378,419 to €443,176
of which Distributable reserves: +€64,758
- Other debts -€19,983
down €19,983 (-60.9%), from €32,813 to €12,830
- Trade debts -€9,983
down €9,983 (-95.4%), from €10,467 to €483
- Financial income +€25,591
up €25,591 (+56.8%), from €45,035 to €70,626
- Gross operating margin -€4,649
down €4,649 (-50.9%), from €9,139 to €4,491
- Taxes +€2,155
up €2,155 (+47.6%), from €4,524 to €6,678
- Other operating charges -€1,328
down €1,328 (-65.6%), from €2,022 to €695
- Depreciation -€666
down €666 (-44.9%), from €1,482 to €817
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,631 | €483,223 | +€30,592 | +6.8% |
| Fixed assets | 21/28 | €200,381 | €199,564 | -€817 | -0.4% |
| Tangible fixed assets | 22/27 | €914 | €97 | -€817 | -89.4% |
| Plant, machinery and equipment | 23 | €215 | €0 | -€215 | -100.0% |
| Furniture and vehicles | 24 | €699 | €97 | -€602 | -86.1% |
| Financial fixed assets | 28 | €199,467 | €199,467 | = | 0.0% |
| Current assets | 29/58 | €252,250 | €283,659 | +€31,409 | +12.5% |
| Amounts receivable within one year | 40/41 | €242,560 | €267,954 | +€25,394 | +10.5% |
| Trade receivables | 40 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 41 | €217,560 | €267,954 | +€50,394 | +23.2% |
| Cash at bank and in hand | 54/58 | €9,690 | €15,705 | +€6,015 | +62.1% |
| Total equity and liabilities | 10/49 | €452,631 | €483,223 | +€30,592 | +6.8% |
| Equity | 10/15 | €397,019 | €461,776 | +€64,758 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €378,419 | €443,176 | +€64,758 | +17.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €378,419 | €443,176 | +€64,758 | +17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,612 | €21,446 | -€34,165 | -61.4% |
| Amounts payable within one year | 42/48 | €55,612 | €21,446 | -€34,165 | -61.4% |
| Financial debts | 43 | €417 | €417 | +€0 | 0.0% |
| Credit institutions | 430/8 | €417 | €417 | +€0 | 0.0% |
| Trade debts | 44 | €10,467 | €483 | -€9,983 | -95.4% |
| Suppliers | 440/4 | €10,467 | €483 | -€9,983 | -95.4% |
| Taxes, remuneration and social security | 45 | €11,916 | €7,716 | -€4,199 | -35.2% |
| Taxes | 450/3 | €11,916 | €7,716 | -€4,199 | -35.2% |
| Other amounts payable | 47/48 | €32,813 | €12,830 | -€19,983 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482 | €817 | -€666 | -44.9% |
| Other operating charges | 640/8 | €2,022 | €695 | -€1,328 | -65.6% |
| Gross operating margin | 9900 | €9,139 | €4,491 | -€4,649 | -50.9% |
| Operating profit (loss) | 9901 | €5,635 | €2,979 | -€2,656 | -47.1% |
| Financial income | 75/76B | €45,035 | €70,626 | +€25,591 | +56.8% |
| Recurring financial income | 75 | €45,035 | €70,626 | +€25,591 | +56.8% |
| Financial charges | 65/66B | €2,742 | €2,170 | -€573 | -20.9% |
| Recurring financial charges | 65 | €2,742 | €2,170 | -€573 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €47,928 | €71,436 | +€23,508 | +49.0% |
| Income taxes | 67/77 | €4,524 | €6,678 | +€2,155 | +47.6% |
| Profit (loss) for the period | 9904 | €43,404 | €64,758 | +€21,354 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,404 | €64,758 | +€21,354 | +49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.