Riwayah: 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.
Riwayah
Largest movements
- Receivables within one year -€32,129
down €32,129 (-69.7%), from €46,073 to €13,944
of which Trade receivables: -€34,857
- Tangible fixed assets +€18,993
up €18,993 (+52.7%), from €36,021 to €55,014
of which Other tangible fixed assets: +€24,000
- Cash -€7,180
down €7,180 (-10.3%), from €69,896 to €62,716
mainly Investment in fixed assets (net) (-€40,000) and Accrued charges and deferred income (-€23,146)
- Accrued charges and deferred income -€23,146
no longer reported in 2025 (was €23,146)
- Trade debts +€7,523
up €7,523 (+46.2%), from €16,282 to €23,806
- Other debts -€3,416
down €3,416 (-84.3%), from €4,051 to €636
- Tax, wage and social debts -€1,735
down €1,735 (-13.5%), from €12,844 to €11,109
of which Taxes: -€5,000
- Gross operating margin -€33,931
down €33,931 (-35.2%), from €96,433 to €62,501
- Depreciation +€13,000
up €13,000 (+162%), from €8,007 to €21,007
- Taxes -€11,730
no longer reported in 2025 (was €11,730)
- Staff costs +€7,676
up €7,676 (+23.6%), from €32,552 to €40,228
- Other operating charges -€2,200
down €2,200 (-76.9%), from €2,859 to €659
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 | €151,990 | €131,674 | -€20,316 | -13.4% |
| Fixed assets | 21/28 | €36,021 | €55,014 | +€18,993 | +52.7% |
| Tangible fixed assets | 22/27 | €36,021 | €55,014 | +€18,993 | +52.7% |
| Plant, machinery and equipment | 23 | €1,490 | €993 | -€497 | -33.3% |
| Furniture and vehicles | 24 | €13,531 | €9,021 | -€4,510 | -33.3% |
| Other tangible fixed assets | 26 | €21,000 | €45,000 | +€24,000 | +114% |
| Current assets | 29/58 | €115,970 | €76,660 | -€39,309 | -33.9% |
| Amounts receivable within one year | 40/41 | €46,073 | €13,944 | -€32,129 | -69.7% |
| Trade receivables | 40 | €34,857 | - | -€34,857 | |
| Other amounts receivable | 41 | €11,216 | €13,944 | +€2,728 | +24.3% |
| Cash at bank and in hand | 54/58 | €69,896 | €62,716 | -€7,180 | -10.3% |
| Total equity and liabilities | 10/49 | €151,990 | €131,674 | -€20,316 | -13.4% |
| Equity | 10/15 | €95,666 | €96,124 | +€457 | +0.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,666 | €88,124 | +€457 | +0.5% |
| Amounts payable | 17/49 | €56,324 | €35,551 | -€20,774 | -36.9% |
| Amounts payable within one year | 42/48 | €33,178 | €35,551 | +€2,373 | +7.2% |
| Trade debts | 44 | €16,282 | €23,806 | +€7,523 | +46.2% |
| Suppliers | 440/4 | €16,282 | €23,806 | +€7,523 | +46.2% |
| Taxes, remuneration and social security | 45 | €12,844 | €11,109 | -€1,735 | -13.5% |
| Taxes | 450/3 | €12,000 | €7,000 | -€5,000 | -41.7% |
| Remuneration and social security | 454/9 | €844 | €4,109 | +€3,265 | +387% |
| Other amounts payable | 47/48 | €4,051 | €636 | -€3,416 | -84.3% |
| Accrued charges and deferred income | 492/3 | €23,146 | - | -€23,146 | |
| Remuneration, social security and pensions | 62 | €32,552 | €40,228 | +€7,676 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,007 | €21,007 | +€13,000 | +162% |
| Other operating charges | 640/8 | €2,859 | €659 | -€2,200 | -76.9% |
| Gross operating margin | 9900 | €96,433 | €62,501 | -€33,931 | -35.2% |
| Operating profit (loss) | 9901 | €53,015 | €607 | -€52,407 | -98.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €193 | €150 | -€43 | -22.1% |
| Recurring financial charges | 65 | €193 | €150 | -€43 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €52,822 | €457 | -€52,365 | -99.1% |
| Income taxes | 67/77 | €11,730 | - | -€11,730 | |
| Profit (loss) for the period | 9904 | €41,092 | €457 | -€40,635 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,092 | €457 | -€40,635 | -98.9% |
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 22 October 2026 via checked.be.