RIAZ: 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.
RIAZ
Largest movements
- Stocks and contracts +€21,373
up €21,373 (+80.1%), from €26,674 to €48,047
- Cash +€14,381
up €14,381 (+265%), from €5,437 to €19,818
mainly Other debts (+€74,319) and Deferred charges and accrued income (+€1,428)
- Deferred charges and accrued income -€1,428
no longer reported in 2025 (was €1,428)
- Other debts +€74,319
up €74,319 (+31.7%), from €234,141 to €308,460
- Profit (loss) carried forward -€40,415
down €40,415 (-19.7%), from -€205,630 to -€246,045
- Tax, wage and social debts +€1,028
new in 2025: €1,028
- Purchases and services +€46,831
up €46,831 (+70.6%), from €66,357 to €113,188
- Turnover +€13,439
up €13,439 (+33.9%), from €39,597 to €53,036
- Gross operating margin -€12,855
down €12,855 (-49.6%), from -€25,924 to -€38,779
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 | €36,848 | €71,449 | +€34,601 | +93.9% |
| Fixed assets | 21/28 | €940 | €600 | -€340 | -36.2% |
| Tangible fixed assets | 22/27 | €940 | €600 | -€340 | -36.2% |
| Plant, machinery and equipment | 23 | €940 | €600 | -€340 | -36.2% |
| Current assets | 29/58 | €35,908 | €70,849 | +€34,941 | +97.3% |
| Stocks and contracts in progress | 3 | €26,674 | €48,047 | +€21,373 | +80.1% |
| Stocks | 30/36 | €26,674 | €48,047 | +€21,373 | +80.1% |
| Amounts receivable within one year | 40/41 | €2,369 | €2,984 | +€615 | +26.0% |
| Other amounts receivable | 41 | €2,369 | €2,984 | +€615 | +26.0% |
| Cash at bank and in hand | 54/58 | €5,437 | €19,818 | +€14,381 | +265% |
| Deferred charges and accrued income | 490/1 | €1,428 | - | -€1,428 | |
| Total equity and liabilities | 10/49 | €36,848 | €71,449 | +€34,601 | +93.9% |
| Equity | 10/15 | -€199,040 | -€239,455 | -€40,415 | -20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €390 | €390 | = | 0.0% |
| Distributable reserves | 133 | €390 | €390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,630 | -€246,045 | -€40,415 | -19.7% |
| Amounts payable | 17/49 | €235,888 | €310,904 | +€75,016 | +31.8% |
| Amounts payable within one year | 42/48 | €235,888 | €310,904 | +€75,016 | +31.8% |
| Trade debts | 44 | €1,747 | €1,416 | -€331 | -18.9% |
| Suppliers | 440/4 | €1,747 | €1,416 | -€331 | -18.9% |
| Taxes, remuneration and social security | 45 | - | €1,028 | +€1,028 | |
| Taxes | 450/3 | - | €1,028 | +€1,028 | |
| Other amounts payable | 47/48 | €234,141 | €308,460 | +€74,319 | +31.7% |
| Turnover | 70 | €39,597 | €53,036 | +€13,439 | +33.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,357 | €113,188 | +€46,831 | +70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €340 | = | 0.0% |
| Other operating charges | 640/8 | €822 | €1,237 | +€415 | +50.5% |
| Gross operating margin | 9900 | -€25,924 | -€38,779 | -€12,855 | -49.6% |
| Operating profit (loss) | 9901 | -€27,086 | -€40,356 | -€13,270 | -49.0% |
| Financial charges | 65/66B | €78 | €59 | -€19 | -24.4% |
| Recurring financial charges | 65 | €78 | €59 | -€19 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,164 | -€40,415 | -€13,251 | -48.8% |
| Profit (loss) for the period | 9904 | -€27,164 | -€40,415 | -€13,251 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,164 | -€40,415 | -€13,251 | -48.8% |
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 22 October 2026 via checked.be.