VAN RIET: what changed
VAN RIET
Largest movements
- Cash +€45,356
up €45,356 (+63.7%), from €71,181 to €116,537
mainly Depreciation (+€22,996) and Net result for the year (+€15,007)
- Receivables within one year -€8,830
down €8,830 (-96.3%), from €9,172 to €342
- Tangible fixed assets -€8,619
down €8,619 (-11.0%), from €78,220 to €69,602
of which Furniture and vehicles: -€6,105
- Deferred charges and accrued income -€6,784
no longer reported in 2025 (was €6,784)
- Stocks and contracts +€3,212
up €3,212 (+10.2%), from €31,344 to €34,556
- Profit (loss) carried forward +€15,007
up €15,007 (+19.4%), from €77,244 to €92,251
- Trade debts +€14,665
up €14,665 (+123%), from €11,938 to €26,603
- Current portion of long-term debt -€6,953
no longer reported in 2025 (was €6,953)
- Staff costs +€52,861
up €52,861 (+164%), from €32,255 to €85,115
- Gross operating margin +€20,805
up €20,805 (+20.3%), from €102,378 to €123,183
- Financial charges -€14,209
no longer reported in 2025 (was €14,209)
of which Non-recurring financial charges: -€14,043
- Taxes -€9,273
no longer reported in 2025 (was €9,273)
- Depreciation +€9,059
up €9,059 (+65.0%), from €13,937 to €22,996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,703 | €221,038 | +€24,335 | +12.4% |
| Fixed assets | 21/28 | €78,220 | €69,602 | -€8,619 | -11.0% |
| Tangible fixed assets | 22/27 | €78,220 | €69,602 | -€8,619 | -11.0% |
| Plant, machinery and equipment | 23 | €21,224 | €18,711 | -€2,513 | -11.8% |
| Furniture and vehicles | 24 | €56,996 | €50,890 | -€6,105 | -10.7% |
| Current assets | 29/58 | €118,482 | €151,436 | +€32,954 | +27.8% |
| Stocks and contracts in progress | 3 | €31,344 | €34,556 | +€3,212 | +10.2% |
| Stocks | 30/36 | €31,344 | €34,556 | +€3,212 | +10.2% |
| Amounts receivable within one year | 40/41 | €9,172 | €342 | -€8,830 | -96.3% |
| Trade receivables | 40 | €9,172 | €342 | -€8,830 | -96.3% |
| Cash at bank and in hand | 54/58 | €71,181 | €116,537 | +€45,356 | +63.7% |
| Deferred charges and accrued income | 490/1 | €6,784 | - | -€6,784 | |
| Total equity and liabilities | 10/49 | €196,703 | €221,038 | +€24,335 | +12.4% |
| Equity | 10/15 | €103,102 | €118,110 | +€15,007 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,659 | €19,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,799 | €17,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,244 | €92,251 | +€15,007 | +19.4% |
| Amounts payable | 17/49 | €93,600 | €102,928 | +€9,328 | +10.0% |
| Amounts payable within one year | 42/48 | €93,600 | €102,928 | +€9,328 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €6,953 | - | -€6,953 | |
| Trade debts | 44 | €11,938 | €26,603 | +€14,665 | +123% |
| Suppliers | 440/4 | €11,938 | €26,603 | +€14,665 | +123% |
| Taxes, remuneration and social security | 45 | €14,115 | €15,699 | +€1,584 | +11.2% |
| Taxes | 450/3 | - | €5,617 | +€5,617 | |
| Remuneration and social security | 454/9 | €14,115 | €10,082 | -€4,033 | -28.6% |
| Other amounts payable | 47/48 | €60,594 | €60,626 | +€32 | +0.1% |
| Remuneration, social security and pensions | 62 | €32,255 | €85,115 | +€52,861 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,937 | €22,996 | +€9,059 | +65.0% |
| Other operating charges | 640/8 | €1,494 | €934 | -€560 | -37.5% |
| Gross operating margin | 9900 | €102,378 | €123,183 | +€20,805 | +20.3% |
| Operating profit (loss) | 9901 | €54,692 | €14,139 | -€40,554 | -74.1% |
| Financial income | 75/76B | €163 | €869 | +€706 | +432% |
| Recurring financial income | 75 | €163 | €869 | +€706 | +432% |
| Financial charges | 65/66B | €14,209 | - | -€14,209 | |
| Recurring financial charges | 65 | €166 | - | -€166 | |
| Non-recurring financial charges | 66B | €14,043 | - | -€14,043 | |
| Profit (loss) for the period before taxes | 9903 | €40,647 | €15,007 | -€25,639 | -63.1% |
| Income taxes | 67/77 | €9,273 | - | -€9,273 | |
| Profit (loss) for the period | 9904 | €31,373 | €15,007 | -€16,366 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,373 | €15,007 | -€16,366 | -52.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.