'T RIET: 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.
'T RIET
Largest movements
- Cash +€11,236
up €11,236 (+86.1%), from €13,043 to €24,279
mainly Net result for the year (+€7,632) and Short-term financial debts (+€4,063)
- Tangible fixed assets -€3,345
down €3,345 (-33.4%), from €10,029 to €6,684
of which Plant, machinery and equipment: -€3,048
- Receivables within one year +€1,878
up €1,878 (+4.4%), from €42,897 to €44,775
of which Trade receivables: +€1,351
- Stocks and contracts +€1,712
up €1,712 (+18.9%), from €9,041 to €10,753
- Profit (loss) carried forward +€7,632
up €7,632 (+15.2%), from -€50,300 to -€42,669
- Short-term financial debts +€4,063
new in 2025: €4,063
- Current portion of long-term debt -€3,167
no longer reported in 2025 (was €3,167)
- Advances received +€2,570
new in 2025: €2,570
- Staff costs -€8,843
down €8,843 (-21.0%), from €42,012 to €33,170
- Gross operating margin +€3,476
up €3,476 (+8.0%), from €43,542 to €47,018
- Other operating charges -€1,283
down €1,283 (-53.5%), from €2,399 to €1,116
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 | €79,371 | €90,753 | +€11,381 | +14.3% |
| Fixed assets | 21/28 | €13,667 | €10,348 | -€3,320 | -24.3% |
| Tangible fixed assets | 22/27 | €10,029 | €6,684 | -€3,345 | -33.4% |
| Plant, machinery and equipment | 23 | €9,602 | €6,554 | -€3,048 | -31.7% |
| Furniture and vehicles | 24 | €427 | €130 | -€297 | -69.5% |
| Financial fixed assets | 28 | €3,639 | €3,664 | +€25 | +0.7% |
| Current assets | 29/58 | €65,704 | €80,405 | +€14,701 | +22.4% |
| Stocks and contracts in progress | 3 | €9,041 | €10,753 | +€1,712 | +18.9% |
| Stocks | 30/36 | €9,041 | €10,753 | +€1,712 | +18.9% |
| Amounts receivable within one year | 40/41 | €42,897 | €44,775 | +€1,878 | +4.4% |
| Trade receivables | 40 | €2,926 | €4,276 | +€1,351 | +46.2% |
| Other amounts receivable | 41 | €39,972 | €40,499 | +€527 | +1.3% |
| Cash at bank and in hand | 54/58 | €13,043 | €24,279 | +€11,236 | +86.1% |
| Deferred charges and accrued income | 490/1 | €722 | €598 | -€124 | -17.2% |
| Total equity and liabilities | 10/49 | €79,371 | €90,753 | +€11,381 | +14.3% |
| Equity | 10/15 | €48,900 | €56,531 | +€7,632 | +15.6% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,300 | -€42,669 | +€7,632 | +15.2% |
| Amounts payable | 17/49 | €30,472 | €34,222 | +€3,750 | +12.3% |
| Amounts payable within one year | 42/48 | €30,472 | €34,222 | +€3,750 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €3,167 | - | -€3,167 | |
| Financial debts | 43 | - | €4,063 | +€4,063 | |
| Credit institutions | 430/8 | - | €4,063 | +€4,063 | |
| Trade debts | 44 | €16,816 | €16,851 | +€35 | +0.2% |
| Suppliers | 440/4 | €16,816 | €16,851 | +€35 | +0.2% |
| Advances received on contracts in progress | 46 | - | €2,570 | +€2,570 | |
| Taxes, remuneration and social security | 45 | €10,489 | €10,738 | +€249 | +2.4% |
| Taxes | 450/3 | €4,782 | €4,918 | +€136 | +2.8% |
| Remuneration and social security | 454/9 | €5,707 | €5,820 | +€113 | +2.0% |
| Remuneration, social security and pensions | 62 | €42,012 | €33,170 | -€8,843 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,546 | €3,345 | -€202 | -5.7% |
| Other operating charges | 640/8 | €2,399 | €1,116 | -€1,283 | -53.5% |
| Gross operating margin | 9900 | €43,542 | €47,018 | +€3,476 | +8.0% |
| Operating profit (loss) | 9901 | -€4,415 | €9,388 | +€13,803 | |
| Financial income | 75/76B | €52 | €32 | -€20 | -39.1% |
| Recurring financial income | 75 | €52 | €32 | -€20 | -39.1% |
| Financial charges | 65/66B | €1,559 | €1,531 | -€28 | -1.8% |
| Recurring financial charges | 65 | €1,559 | €1,531 | -€28 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,922 | €7,889 | +€13,811 | |
| Income taxes | 67/77 | €261 | €257 | -€4 | -1.6% |
| Profit (loss) for the period | 9904 | -€6,183 | €7,632 | +€13,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,183 | €7,632 | +€13,815 |
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 17 October 2026 via checked.be.