RIWARD: 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.
What changed
RIWARD
financial year 30-06-2025 compared with 30-06-2024filed annual accounts (NBB)
Net result for the year
€2.3m
30-06-2024 · €9.7m-€7.3m
Equity
€252.6m
30-06-2024 · €250.2m+€2.3m
Cash
€79,985
30-06-2024 · €67,429+€12,556
Balance sheet total
€263.2m
30-06-2024 · €270.1m-€6.9m
Largest movements
Assets
- Receivables within one year -€6.9m
down €6.9m (-69.4%), from €10.0m to €3.1m
Equity and liabilities
- Other debts -€10.0m
no longer reported in 2025 (was €10.0m)
Income statement
- Financial income -€6.9m
down €6.9m (-69.4%), from €10.0m to €3.1m
From the 30-06-2024 result to the 30-06-2025 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 30-06-2024
€9.7m
Other operating charges
-€594
Other operating items
-€21,202
Financial income
-€6.9m
Financial charges
-€377,155
Result 30-06-2025
€2.3m
lowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 30-06-2024 and 30-06-2025 balance sheets and the 30-06-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€277,444
Investment
€0
Financing
+€290,000
Cash 30-06-2024
€67,429
From operations (derived)
-€277,444
Net result for the year
+€2.3m
Receivables within one year
+€6.9m
Deferred charges and accrued income
+€9,402
Trade debts
+€86,832
Other debts
-€10.0m
Accrued charges and deferred income
+€375,526
Financing
+€290,000
Debts after one year
-€1.3m
Current portion of long-term debt
+€1.3m
Short-term financial debts
+€290,000
Cash 30-06-2025
€79,985
brings cash intakes cash out
Every line side by side
| Line | Code | 30-06-2024 | 30-06-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,113,401 | €263,171,667 | -€6.9m | -2.6% |
| Fixed assets | 21/28 | €260,027,922 | €260,027,922 | = | 0.0% |
| Financial fixed assets | 28 | €260,027,922 | €260,027,922 | = | 0.0% |
| Affiliated companies | 280/1 | €260,027,922 | €260,027,922 | = | 0.0% |
| Participating interests | 280 | €257,200,422 | €257,200,422 | = | 0.0% |
| Amounts receivable | 281 | €2,827,500 | €2,827,500 | = | 0.0% |
| Current assets | 29/58 | €10,085,479 | €3,143,746 | -€6.9m | -68.8% |
| Amounts receivable within one year | 40/41 | €10,004,815 | €3,059,927 | -€6.9m | -69.4% |
| Other amounts receivable | 41 | €10,004,815 | €3,059,927 | -€6.9m | -69.4% |
| Cash at bank and in hand | 54/58 | €67,429 | €79,985 | +€12,556 | +18.6% |
| Deferred charges and accrued income | 490/1 | €13,235 | €3,833 | -€9,402 | -71.0% |
| Total equity and liabilities | 10/49 | €270,113,401 | €263,171,667 | -€6.9m | -2.6% |
| Equity | 10/15 | €250,249,757 | €252,555,664 | +€2.3m | +0.9% |
| Contributions | 10/11 | €245,402,052 | €245,402,052 | = | 0.0% |
| Capital | 10 | €2,534,593 | €2,534,593 | = | 0.0% |
| Issued capital | 100 | €2,534,593 | €2,534,593 | = | 0.0% |
| Contributions outside capital | 11 | €242,867,459 | €242,867,459 | = | 0.0% |
| Share premium | 1100/10 | €242,867,459 | €242,867,459 | = | 0.0% |
| Reserves | 13 | €253,459 | €253,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €253,459 | €253,459 | = | 0.0% |
| Legal reserve | 130 | €253,459 | €253,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,594,245 | €6,900,152 | +€2.3m | +50.2% |
| Amounts payable | 17/49 | €19,863,645 | €10,616,003 | -€9.2m | -46.6% |
| Amounts payable after more than one year | 17 | €9,280,000 | €7,954,286 | -€1.3m | -14.3% |
| Financial debts | 170/4 | €9,280,000 | €7,954,286 | -€1.3m | -14.3% |
| Credit institutions | 173 | €9,280,000 | €7,954,286 | -€1.3m | -14.3% |
| Amounts payable within one year | 42/48 | €10,519,694 | €2,222,240 | -€8.3m | -78.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,325,714 | +€1.3m | |
| Financial debts | 43 | €500,000 | €790,000 | +€290,000 | +58.0% |
| Other loans | 439 | €500,000 | €790,000 | +€290,000 | +58.0% |
| Trade debts | 44 | €19,694 | €106,526 | +€86,832 | +441% |
| Suppliers | 440/4 | €19,694 | €106,526 | +€86,832 | +441% |
| Other amounts payable | 47/48 | €10,000,000 | - | -€10.0m | |
| Accrued charges and deferred income | 492/3 | €63,951 | €439,478 | +€375,526 | +587% |
| Operating charges | 60/66A | €343,630 | €365,426 | +€21,796 | +6.3% |
| Services and other goods | 61 | €343,131 | €364,332 | +€21,202 | +6.2% |
| Other operating charges | 640/8 | €499 | €1,094 | +€594 | +119% |
| Operating profit (loss) | 9901 | -€343,630 | -€365,426 | -€21,796 | -6.3% |
| Financial income | 75/76B | €10,013,604 | €3,067,975 | -€6.9m | -69.4% |
| Recurring financial income | 75 | €10,013,604 | €3,067,975 | -€6.9m | -69.4% |
| Income from financial fixed assets | 750 | €10,013,604 | €3,000,000 | -€7.0m | -70.0% |
| Income from current assets | 751 | - | €67,975 | +€67,975 | |
| Financial charges | 65/66B | €19,487 | €396,642 | +€377,155 | +1,935% |
| Recurring financial charges | 65 | €19,487 | €396,642 | +€377,155 | +1,935% |
| Debt charges | 650 | €13,600 | €396,642 | +€383,042 | +2,816% |
| Other financial charges | 652/9 | €5,886 | - | -€5,886 | |
| Profit (loss) for the period before taxes | 9903 | €9,650,487 | €2,305,907 | -€7.3m | -76.1% |
| Profit (loss) for the period | 9904 | €9,650,487 | €2,305,907 | -€7.3m | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,650,487 | €2,305,907 | -€7.3m | -76.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.