RIZGAR: 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.
RIZGAR
Largest movements
- Receivables within one year +€42,130
up €42,130 (+49.8%), from €84,683 to €126,813
of which Trade receivables: +€41,343
- Tangible fixed assets -€18,873
down €18,873 (-27.8%), from €67,857 to €48,984
of which Furniture and vehicles: -€16,642
- Stocks and contracts -€13,454
down €13,454 (-9.2%), from €145,895 to €132,441
- Cash -€3,937
down €3,937 (-5.3%), from €73,844 to €69,907
mainly Receivables within one year (-€42,130) and Debts after one year (-€16,401)
- Other debts +€31,563
up €31,563 (+26.6%), from €118,638 to €150,202
- Debts after one year -€16,401
down €16,401 (-45.4%), from €36,157 to €19,756
- Trade debts -€12,331
down €12,331 (-17.4%), from €70,917 to €58,587
- Tax, wage and social debts +€4,040
up €4,040 (+20.9%), from €19,288 to €23,328
of which Remuneration and social security: +€2,344
- Other operating charges +€23,245
up €23,245 (+310%), from €7,496 to €30,741
- Gross operating margin +€13,200
up €13,200 (+11.4%), from €116,287 to €129,487
- Staff costs -€7,827
down €7,827 (-9.4%), from €83,624 to €75,797
- Financial income +€3,561
new in 2024: €3,561
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.
Derived cash bridge
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 | €374,790 | €384,488 | +€9,698 | +2.6% |
| Fixed assets | 21/28 | €69,507 | €51,176 | -€18,331 | -26.4% |
| Tangible fixed assets | 22/27 | €67,857 | €48,984 | -€18,873 | -27.8% |
| Plant, machinery and equipment | 23 | €1,165 | €611 | -€554 | -47.5% |
| Furniture and vehicles | 24 | €58,084 | €41,443 | -€16,642 | -28.7% |
| Other tangible fixed assets | 26 | €8,608 | €6,930 | -€1,678 | -19.5% |
| Financial fixed assets | 28 | €1,650 | €2,192 | +€542 | +32.8% |
| Current assets | 29/58 | €305,283 | €333,312 | +€28,029 | +9.2% |
| Stocks and contracts in progress | 3 | €145,895 | €132,441 | -€13,454 | -9.2% |
| Stocks | 30/36 | €145,895 | €132,441 | -€13,454 | -9.2% |
| Amounts receivable within one year | 40/41 | €84,683 | €126,813 | +€42,130 | +49.8% |
| Trade receivables | 40 | €78,342 | €119,685 | +€41,343 | +52.8% |
| Other amounts receivable | 41 | €6,341 | €7,129 | +€787 | +12.4% |
| Cash at bank and in hand | 54/58 | €73,844 | €69,907 | -€3,937 | -5.3% |
| Deferred charges and accrued income | 490/1 | €860 | €4,151 | +€3,290 | +382% |
| Total equity and liabilities | 10/49 | €374,790 | €384,488 | +€9,698 | +2.6% |
| Equity | 10/15 | €113,302 | €116,214 | +€2,912 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,242 | €108,154 | +€2,912 | +2.8% |
| Amounts payable | 17/49 | €261,488 | €268,274 | +€6,786 | +2.6% |
| Amounts payable after more than one year | 17 | €36,157 | €19,756 | -€16,401 | -45.4% |
| Financial debts | 170/4 | €36,157 | €19,756 | -€16,401 | -45.4% |
| Amounts payable within one year | 42/48 | €224,769 | €248,518 | +€23,749 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €15,925 | €16,401 | +€476 | +3.0% |
| Trade debts | 44 | €70,917 | €58,587 | -€12,331 | -17.4% |
| Suppliers | 440/4 | €70,917 | €58,587 | -€12,331 | -17.4% |
| Taxes, remuneration and social security | 45 | €19,288 | €23,328 | +€4,040 | +20.9% |
| Taxes | 450/3 | €3,650 | €5,346 | +€1,696 | +46.5% |
| Remuneration and social security | 454/9 | €15,638 | €17,982 | +€2,344 | +15.0% |
| Other amounts payable | 47/48 | €118,638 | €150,202 | +€31,563 | +26.6% |
| Accrued charges and deferred income | 492/3 | €561 | - | -€561 | |
| Remuneration, social security and pensions | 62 | €83,624 | €75,797 | -€7,827 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,037 | €18,873 | -€164 | -0.9% |
| Other operating charges | 640/8 | €7,496 | €30,741 | +€23,245 | +310% |
| Gross operating margin | 9900 | €116,287 | €129,487 | +€13,200 | +11.4% |
| Operating profit (loss) | 9901 | €6,131 | €4,076 | -€2,055 | -33.5% |
| Financial income | 75/76B | - | €3,561 | +€3,561 | |
| Recurring financial income | 75 | - | €3,561 | +€3,561 | |
| Financial charges | 65/66B | €2,486 | €2,370 | -€116 | -4.7% |
| Recurring financial charges | 65 | €2,486 | €2,370 | -€116 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €3,645 | €5,267 | +€1,622 | +44.5% |
| Income taxes | 67/77 | €1,806 | €2,355 | +€549 | +30.4% |
| Profit (loss) for the period | 9904 | €1,839 | €2,912 | +€1,073 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,839 | €2,912 | +€1,073 | +58.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.