RIPOVA: what changed
RIPOVA
Largest movements
- Cash -€3,450
down €3,450 (-74.6%), from €4,627 to €1,177
mainly Stocks and contracts (-€3,066) and Receivables within one year (-€598)
- Stocks and contracts +€3,066
up €3,066 (+7.2%), from €42,486 to €45,552
- Receivables within one year +€598
up €598 (+329%), from €182 to €780
- Reserves +€806
up €806 (+3.0%), from €27,061 to €27,866
of which Distributable reserves: +€806
- Depreciation -€519
no longer reported in 2025 (was €519)
- Other operating charges +€400
new in 2025: €400
- Gross operating margin +€308
up €308 (+28.8%), from €1,070 to €1,379
- Taxes +€50
up €50 (+63.0%), from €79 to €128
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 | €47,495 | €47,908 | +€413 | +0.9% |
| Current assets | 29/58 | €47,495 | €47,908 | +€413 | +0.9% |
| Stocks and contracts in progress | 3 | €42,486 | €45,552 | +€3,066 | +7.2% |
| Stocks | 30/36 | €42,486 | €45,552 | +€3,066 | +7.2% |
| Amounts receivable within one year | 40/41 | €182 | €780 | +€598 | +329% |
| Trade receivables | 40 | €182 | €780 | +€598 | +329% |
| Cash at bank and in hand | 54/58 | €4,627 | €1,177 | -€3,450 | -74.6% |
| Deferred charges and accrued income | 490/1 | €200 | €400 | +€200 | +100% |
| Total equity and liabilities | 10/49 | €47,495 | €47,908 | +€413 | +0.9% |
| Equity | 10/15 | €47,061 | €47,866 | +€806 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,061 | €27,866 | +€806 | +3.0% |
| Non-distributable reserves | 130/1 | €1,010 | €1,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,010 | €1,010 | = | 0.0% |
| Distributable reserves | 133 | €26,051 | €26,857 | +€806 | +3.1% |
| Amounts payable | 17/49 | €435 | €42 | -€392 | -90.3% |
| Amounts payable within one year | 42/48 | €435 | €42 | -€392 | -90.3% |
| Trade debts | 44 | €435 | €42 | -€392 | -90.3% |
| Suppliers | 440/4 | €435 | €42 | -€392 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | - | -€519 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €1,070 | €1,379 | +€308 | +28.8% |
| Operating profit (loss) | 9901 | €552 | €979 | +€427 | +77.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €508 | €934 | +€426 | +83.8% |
| Income taxes | 67/77 | €79 | €128 | +€50 | +63.0% |
| Profit (loss) for the period | 9904 | €429 | €806 | +€376 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €429 | €806 | +€376 | +87.6% |
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 3 November 2026 via checked.be.