RIZ9: 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.
RIZ9
Largest movements
- Tangible fixed assets +€3,422
new in 2025: €3,422
- Cash -€1,604
down €1,604 (-9.0%), from €17,836 to €16,232
mainly Investment in fixed assets (net) (-€4,158) and Stocks and contracts (-€530)
- Stocks and contracts +€530
up €530 (+59.6%), from €890 to €1,420
- Reserves +€2,703
up €2,703 (+26.2%), from €10,329 to €13,031
- Tax, wage and social debts -€238
down €238 (-6.3%), from €3,805 to €3,567
- Staff costs +€16,370
up €16,370 (+2,709%), from €604 to €16,974
- Gross operating margin +€15,085
up €15,085 (+205%), from €7,350 to €22,435
- Depreciation +€736
new in 2025: €736
- Taxes -€279
down €279 (-14.5%), from €1,927 to €1,648
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 | €18,795 | €21,074 | +€2,279 | +12.1% |
| Fixed assets | 21/28 | - | €3,422 | +€3,422 | |
| Tangible fixed assets | 22/27 | - | €3,422 | +€3,422 | |
| Plant, machinery and equipment | 23 | - | €3,422 | +€3,422 | |
| Current assets | 29/58 | €18,795 | €17,652 | -€1,144 | -6.1% |
| Stocks and contracts in progress | 3 | €890 | €1,420 | +€530 | +59.6% |
| Stocks | 30/36 | €890 | €1,420 | +€530 | +59.6% |
| Amounts receivable within one year | 40/41 | €69 | - | -€69 | |
| Other amounts receivable | 41 | €69 | - | -€69 | |
| Cash at bank and in hand | 54/58 | €17,836 | €16,232 | -€1,604 | -9.0% |
| Total equity and liabilities | 10/49 | €18,795 | €21,074 | +€2,279 | +12.1% |
| Equity | 10/15 | €12,329 | €15,031 | +€2,703 | +21.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,329 | €13,031 | +€2,703 | +26.2% |
| Distributable reserves | 133 | €10,329 | €13,031 | +€2,703 | +26.2% |
| Amounts payable | 17/49 | €6,467 | €6,043 | -€424 | -6.6% |
| Amounts payable within one year | 42/48 | €6,467 | €6,043 | -€424 | -6.6% |
| Trade debts | 44 | €2,661 | €2,476 | -€186 | -7.0% |
| Suppliers | 440/4 | €2,661 | €2,476 | -€186 | -7.0% |
| Taxes, remuneration and social security | 45 | €3,805 | €3,567 | -€238 | -6.3% |
| Taxes | 450/3 | €3,805 | €3,567 | -€238 | -6.3% |
| Remuneration, social security and pensions | 62 | €604 | €16,974 | +€16,370 | +2,709% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €736 | +€736 | |
| Other operating charges | 640/8 | €302 | €231 | -€71 | -23.5% |
| Gross operating margin | 9900 | €7,350 | €22,435 | +€15,085 | +205% |
| Operating profit (loss) | 9901 | €6,444 | €4,494 | -€1,950 | -30.3% |
| Financial charges | 65/66B | €150 | €143 | -€6 | -4.2% |
| Recurring financial charges | 65 | €150 | €143 | -€6 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €6,294 | €4,350 | -€1,944 | -30.9% |
| Income taxes | 67/77 | €1,927 | €1,648 | -€279 | -14.5% |
| Profit (loss) for the period | 9904 | €4,367 | €2,703 | -€1,665 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,367 | €2,703 | -€1,665 | -38.1% |
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 16 October 2026 via checked.be.