S RITS: 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.
S RITS
Largest movements
- Cash +€18,485
up €18,485 (+22.8%), from €81,132 to €99,617
mainly Net result for the year (+€42,986) and Other debts (+€17,405)
- Tangible fixed assets -€15,942
down €15,942 (-3.5%), from €458,448 to €442,507
of which Land and buildings: -€12,296
- Deferred charges and accrued income +€14,335
up €14,335 (+89.4%), from €16,041 to €30,376
- Receivables within one year -€6,750
down €6,750 (-38.1%), from €17,698 to €10,948
of which Other amounts receivable: -€6,696
- Debts after one year -€24,570
down €24,570 (-8.9%), from €276,611 to €252,041
- Other debts +€17,405
up €17,405 (+70.9%), from €24,536 to €41,941
- Reserves +€15,428
up €15,428 (+7.6%), from €203,590 to €219,018
- Accrued charges and deferred income +€7,537
up €7,537 (+121.8%), from €6,188 to €13,724
- Gross operating margin +€8,978
up €8,978 (+11.7%), from €76,852 to €85,830
- Taxes +€2,531
up €2,531 (+18.5%), from €13,692 to €16,223
- Financial charges -€2,026
down €2,026 (-22.3%), from €9,085 to €7,059
- Financial income -€1,069
down €1,069 (-77.9%), from €1,372 to €303
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.
Cash bridge derived
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 | €573,319 | €583,447 | +€10,128 | +1.8% |
| Fixed assets | 21/28 | €458,448 | €442,507 | -€15,942 | -3.5% |
| Tangible fixed assets | 22/27 | €458,448 | €442,507 | -€15,942 | -3.5% |
| Land and buildings | 22 | €439,421 | €427,125 | -€12,296 | -2.8% |
| Plant, machinery and equipment | 23 | €5,045 | €2,642 | -€2,403 | -47.6% |
| Furniture and vehicles | 24 | €13,982 | €12,739 | -€1,243 | -8.9% |
| Current assets | 29/58 | €114,871 | €140,941 | +€26,070 | +22.7% |
| Amounts receivable within one year | 40/41 | €17,698 | €10,948 | -€6,750 | -38.1% |
| Trade receivables | 40 | €54 | €0 | -€54 | -100.0% |
| Other amounts receivable | 41 | €17,644 | €10,948 | -€6,696 | -38.0% |
| Cash at bank and in hand | 54/58 | €81,132 | €99,617 | +€18,485 | +22.8% |
| Deferred charges and accrued income | 490/1 | €16,041 | €30,376 | +€14,335 | +89.4% |
| Total equity and liabilities | 10/49 | €573,319 | €583,447 | +€10,128 | +1.8% |
| Equity | 10/15 | €215,990 | €231,418 | +€15,428 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €203,590 | €219,018 | +€15,428 | +7.6% |
| Distributable reserves | 133 | €203,590 | €219,018 | +€15,428 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €357,330 | €352,030 | -€5,300 | -1.5% |
| Amounts payable after more than one year | 17 | €276,611 | €252,041 | -€24,570 | -8.9% |
| Financial debts | 170/4 | €276,611 | €252,041 | -€24,570 | -8.9% |
| Amounts payable within one year | 42/48 | €74,531 | €86,264 | +€11,733 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €24,780 | €24,570 | -€210 | -0.8% |
| Trade debts | 44 | €10,903 | €5,375 | -€5,528 | -50.7% |
| Suppliers | 440/4 | €10,903 | €5,375 | -€5,528 | -50.7% |
| Taxes, remuneration and social security | 45 | €14,312 | €14,378 | +€66 | +0.5% |
| Taxes | 450/3 | €11,332 | €11,878 | +€546 | +4.8% |
| Remuneration and social security | 454/9 | €2,980 | €2,500 | -€480 | -16.1% |
| Other amounts payable | 47/48 | €24,536 | €41,941 | +€17,405 | +70.9% |
| Accrued charges and deferred income | 492/3 | €6,188 | €13,724 | +€7,537 | +121.8% |
| Non-recurring operating income | 76A | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,892 | €16,833 | -€59 | -0.3% |
| Other operating charges | 640/8 | €2,715 | €3,031 | +€316 | +11.6% |
| Non-recurring operating charges | 66A | €3,335 | €0 | -€3,335 | -100.0% |
| Gross operating margin | 9900 | €76,852 | €85,830 | +€8,978 | +11.7% |
| Operating profit (loss) | 9901 | €53,910 | €65,965 | +€12,055 | +22.4% |
| Financial income | 75/76B | €1,372 | €303 | -€1,069 | -77.9% |
| Recurring financial income | 75 | €1,372 | €303 | -€1,069 | -77.9% |
| Financial charges | 65/66B | €9,085 | €7,059 | -€2,026 | -22.3% |
| Recurring financial charges | 65 | €9,085 | €7,059 | -€2,026 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €46,197 | €59,209 | +€13,012 | +28.2% |
| Income taxes | 67/77 | €13,692 | €16,223 | +€2,531 | +18.5% |
| Profit (loss) for the period | 9904 | €32,505 | €42,986 | +€10,481 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,505 | €42,986 | +€10,481 | +32.2% |
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 12 October 2026 via checked.be.