2RIVERS: what changed
Two fiscal 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.
What changed
2RIVERS
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€404,922
2023 · €128,100+€276,822
Equity
€870,352
2023 · €465,430+€404,922
Cash
€116,648
2023 · €112,565+€4,083
Balance sheet total
€3.5m
2023 · €3.2m+€266,959
Largest movements
Assets
- Receivables within one year +€295,930
up €295,930 (+14.1%), from €2.1m to €2.4m
of which Other amounts receivable: +€270,539
Equity and liabilities
- Profit (loss) carried forward +€404,922
up €404,922 (+42.4%), from -€954,790 to -€549,868
- Trade debts -€165,660
down €165,660 (-53.2%), from €311,452 to €145,793
- Accrued charges and deferred income +€165,154
up €165,154 (+31.3%), from €527,390 to €692,543
- Short-term financial debts -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Other debts +€117,166
up €117,166 (+8.1%), from €1.5m to €1.6m
Income statement
- Staff costs -€227,171
down €227,171 (-15.4%), from €1.5m to €1.2m
- Gross operating margin +€82,577
up €82,577 (+3.8%), from €2.2m to €2.3m
- Depreciation +€39,018
up €39,018 (+7.2%), from €544,294 to €583,312
From the 2023 result to the 2024 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.
Result 2023
€128,100
Gross operating margin
+€82,577
Staff costs
+€227,171
Depreciation
-€39,018
Other operating charges
+€710
Other operating items
+€1,291
Financial income
+€2,046
Financial charges
+€1,185
Taxes
+€860
Result 2024
€404,922
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€735,139
Investment
-€581,056
Financing
-€150,000
Cash 2023
€112,565
From operations (derived)
+€735,139
Net result for the year
+€404,922
Depreciation
+€583,312
Receivables within one year
-€295,930
Deferred charges and accrued income
+€30,799
Trade debts
-€165,660
Tax, wage and social debts
-€104,623
Other debts
+€117,166
Accrued charges and deferred income
+€165,154
Investment (derived)
-€581,056
Investment in fixed assets (net)
-€581,057
Current investments
+€1
Financing
-€150,000
Short-term financial debts
-€150,000
Cash 2024
€116,648
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,226,129 | €3,493,088 | +€266,959 | +8.3% |
| Fixed assets | 21/28 | €902,403 | €900,148 | -€2,255 | -0.2% |
| Intangible fixed assets | 21 | €866,833 | €875,253 | +€8,420 | +1.0% |
| Tangible fixed assets | 22/27 | €30,296 | €19,622 | -€10,675 | -35.2% |
| Plant, machinery and equipment | 23 | €19,314 | €6,590 | -€12,724 | -65.9% |
| Furniture and vehicles | 24 | €1,820 | €6,494 | +€4,675 | +256.9% |
| Other tangible fixed assets | 26 | €9,162 | €6,537 | -€2,625 | -28.6% |
| Financial fixed assets | 28 | €5,273 | €5,273 | = | 0.0% |
| Current assets | 29/58 | €2,323,727 | €2,592,940 | +€269,213 | +11.6% |
| Amounts receivable within one year | 40/41 | €2,095,121 | €2,391,051 | +€295,930 | +14.1% |
| Trade receivables | 40 | €1,496,574 | €1,521,965 | +€25,391 | +1.7% |
| Other amounts receivable | 41 | €598,547 | €869,086 | +€270,539 | +45.2% |
| Current investments | 50/53 | €22 | €21 | -€1 | -4.7% |
| Cash at bank and in hand | 54/58 | €112,565 | €116,648 | +€4,083 | +3.6% |
| Deferred charges and accrued income | 490/1 | €116,018 | €85,219 | -€30,799 | -26.5% |
| Total equity and liabilities | 10/49 | €3,226,129 | €3,493,088 | +€266,959 | +8.3% |
| Equity | 10/15 | €465,430 | €870,352 | +€404,922 | +87.0% |
| Contributions | 10/11 | €1,420,220 | €1,420,220 | = | 0.0% |
| Capital | 10 | €1,420,220 | €1,420,220 | = | 0.0% |
| Issued capital | 100 | €1,420,220 | €1,420,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€954,790 | -€549,868 | +€404,922 | +42.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €2,760,699 | €2,622,735 | -€137,963 | -5.0% |
| Amounts payable within one year | 42/48 | €2,233,309 | €1,930,192 | -€303,117 | -13.6% |
| Financial debts | 43 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Credit institutions | 430/8 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Trade debts | 44 | €311,452 | €145,793 | -€165,660 | -53.2% |
| Suppliers | 440/4 | €311,452 | €145,793 | -€165,660 | -53.2% |
| Taxes, remuneration and social security | 45 | €221,434 | €116,810 | -€104,623 | -47.2% |
| Taxes | 450/3 | €28,466 | €277 | -€28,189 | -99.0% |
| Remuneration and social security | 454/9 | €192,967 | €116,533 | -€76,434 | -39.6% |
| Other amounts payable | 47/48 | €1,450,423 | €1,567,589 | +€117,166 | +8.1% |
| Accrued charges and deferred income | 492/3 | €527,390 | €692,543 | +€165,154 | +31.3% |
| Remuneration, social security and pensions | 62 | €1,475,217 | €1,248,046 | -€227,171 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,294 | €583,312 | +€39,018 | +7.2% |
| Other operating charges | 640/8 | €1,317 | €608 | -€710 | -53.9% |
| Non-recurring operating charges | 66A | €1,291 | €0 | -€1,291 | -100.0% |
| Gross operating margin | 9900 | €2,175,579 | €2,258,157 | +€82,577 | +3.8% |
| Operating profit (loss) | 9901 | €153,460 | €426,191 | +€272,731 | +177.7% |
| Financial income | 75/76B | €826 | €2,872 | +€2,046 | +247.8% |
| Recurring financial income | 75 | €826 | €2,872 | +€2,046 | +247.8% |
| Financial charges | 65/66B | €24,426 | €23,241 | -€1,185 | -4.9% |
| Recurring financial charges | 65 | €24,426 | €23,241 | -€1,185 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €129,860 | €405,822 | +€275,962 | +212.5% |
| Income taxes | 67/77 | €1,760 | €900 | -€860 | -48.9% |
| Profit (loss) for the period | 9904 | €128,100 | €404,922 | +€276,822 | +216.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,100 | €404,922 | +€276,822 | +216.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.