VAN 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.
VAN RIET
Largest movements
- Receivables within one year -€337,165
down €337,165 (-94.4%), from €357,296 to €20,131
of which Trade receivables: -€290,000
- Tangible fixed assets -€177,926
no longer reported in 2025 (was €177,926)
of which Plant, machinery and equipment: -€150,015
- Financial fixed assets -€15,207
no longer reported in 2025 (was €15,207)
- Cash +€14,657
up €14,657 (+1054.6%), from €1,390 to €16,046
mainly Receivables within one year (+€337,165) and Investment in fixed assets (net) (+€193,134)
- Other debts -€425,514
down €425,514 (-47.9%), from €887,639 to €462,125
- Profit (loss) carried forward -€86,940
down €86,940 (-16.7%), from -€521,237 to -€608,177
- Tax, wage and social debts +€66,736
up €66,736 (+459.0%), from €14,541 to €81,277
- Trade debts -€57,296
down €57,296 (-64.2%), from €89,242 to €31,946
- Gross operating margin -€421,267
down €421,267, from €363,751 to -€57,516
- Staff costs -€245,388
down €245,388 (-75.1%), from €326,665 to €81,277
- Write-downs -€185,134
down €185,134, from €95,209 to -€89,925
- Depreciation -€26,754
no longer reported in 2025 (was €26,754)
- Financial charges +€7,488
up €7,488 (+45.7%), from €16,370 to €23,858
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 | €551,819 | €39,354 | -€512,465 | -92.9% |
| Fixed assets | 21/28 | €193,134 | - | -€193,134 | |
| Tangible fixed assets | 22/27 | €177,926 | - | -€177,926 | |
| Plant, machinery and equipment | 23 | €150,015 | - | -€150,015 | |
| Furniture and vehicles | 24 | €27,912 | - | -€27,912 | |
| Financial fixed assets | 28 | €15,207 | - | -€15,207 | |
| Current assets | 29/58 | €358,685 | €39,354 | -€319,331 | -89.0% |
| Amounts receivable within one year | 40/41 | €357,296 | €20,131 | -€337,165 | -94.4% |
| Trade receivables | 40 | €309,622 | €19,622 | -€290,000 | -93.7% |
| Other amounts receivable | 41 | €47,674 | €509 | -€47,165 | -98.9% |
| Cash at bank and in hand | 54/58 | €1,390 | €16,046 | +€14,657 | +1054.6% |
| Deferred charges and accrued income | 490/1 | - | €3,177 | +€3,177 | |
| Total equity and liabilities | 10/49 | €551,819 | €39,354 | -€512,465 | -92.9% |
| Equity | 10/15 | -€453,037 | -€539,977 | -€86,940 | -19.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€521,237 | -€608,177 | -€86,940 | -16.7% |
| Amounts payable | 17/49 | €1,004,856 | €579,331 | -€425,525 | -42.3% |
| Amounts payable after more than one year | 17 | €3,973 | - | -€3,973 | |
| Financial debts | 170/4 | €3,973 | - | -€3,973 | |
| Amounts payable within one year | 42/48 | €1,000,883 | €579,331 | -€421,552 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €9,461 | €3,984 | -€5,478 | -57.9% |
| Trade debts | 44 | €89,242 | €31,946 | -€57,296 | -64.2% |
| Suppliers | 440/4 | €89,242 | €31,946 | -€57,296 | -64.2% |
| Taxes, remuneration and social security | 45 | €14,541 | €81,277 | +€66,736 | +459.0% |
| Remuneration and social security | 454/9 | €14,541 | €81,277 | +€66,736 | +459.0% |
| Other amounts payable | 47/48 | €887,639 | €462,125 | -€425,514 | -47.9% |
| Remuneration, social security and pensions | 62 | €326,665 | €81,277 | -€245,388 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,754 | - | -€26,754 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,209 | -€89,925 | -€185,134 | |
| Other operating charges | 640/8 | €17,608 | €17,246 | -€361 | -2.1% |
| Gross operating margin | 9900 | €363,751 | -€57,516 | -€421,267 | |
| Operating profit (loss) | 9901 | -€102,484 | -€66,114 | +€36,370 | +35.5% |
| Financial income | 75/76B | €3,854 | €3,031 | -€822 | -21.3% |
| Recurring financial income | 75 | €3,854 | €3,031 | -€822 | -21.3% |
| Financial charges | 65/66B | €16,370 | €23,858 | +€7,488 | +45.7% |
| Recurring financial charges | 65 | €16,370 | €23,858 | +€7,488 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€115,000 | -€86,940 | +€28,060 | +24.4% |
| Profit (loss) for the period | 9904 | -€115,000 | -€86,940 | +€28,060 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,000 | -€86,940 | +€28,060 | +24.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.