AKT/RIVA: 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.
AKT/RIVA
Largest movements
- Receivables within one year +€28,024
up €28,024 (+13.6%), from €205,694 to €233,718
of which Trade receivables: +€27,100
- Tangible fixed assets -€17,877
down €17,877 (-5.5%), from €326,542 to €308,665
of which Land and buildings: -€18,727
- Current investments +€10,470
up €10,470 (+133%), from €7,850 to €18,320
- Reserves +€29,830
up €29,830 (+17.5%), from €170,380 to €200,209
- Debts after one year -€22,054
down €22,054 (-10.4%), from €211,207 to €189,153
- Trade debts -€13,896
down €13,896 (-21.4%), from €64,967 to €51,071
- Short-term financial debts +€11,546
up €11,546 (+694%), from €1,663 to €13,209
- Tax, wage and social debts +€6,776
up €6,776 (+47.4%), from €14,287 to €21,063
- Gross operating margin +€16,506
up €16,506 (+33.3%), from €49,628 to €66,134
- Taxes +€10,864
up €10,864 (+97.9%), from €11,096 to €21,960
- Financial income +€5,844
up €5,844 (+73.9%), from €7,909 to €13,753
- Financial charges -€1,301
down €1,301 (-19.1%), from €6,827 to €5,525
- Staff costs -€1,209
down €1,209 (-27.9%), from €4,328 to €3,119
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 | €552,737 | €568,979 | +€16,242 | +2.9% |
| Fixed assets | 21/28 | €327,946 | €310,068 | -€17,877 | -5.5% |
| Tangible fixed assets | 22/27 | €326,542 | €308,665 | -€17,877 | -5.5% |
| Land and buildings | 22 | €286,680 | €267,953 | -€18,727 | -6.5% |
| Plant, machinery and equipment | 23 | €25,578 | €30,601 | +€5,023 | +19.6% |
| Furniture and vehicles | 24 | €7,785 | €3,611 | -€4,174 | -53.6% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,404 | €1,404 | = | 0.0% |
| Current assets | 29/58 | €224,791 | €258,910 | +€34,119 | +15.2% |
| Amounts receivable within one year | 40/41 | €205,694 | €233,718 | +€28,024 | +13.6% |
| Trade receivables | 40 | €73,930 | €101,030 | +€27,100 | +36.7% |
| Other amounts receivable | 41 | €131,764 | €132,688 | +€924 | +0.7% |
| Current investments | 50/53 | €7,850 | €18,320 | +€10,470 | +133% |
| Cash at bank and in hand | 54/58 | €6,167 | €3,279 | -€2,888 | -46.8% |
| Deferred charges and accrued income | 490/1 | €5,080 | €3,594 | -€1,486 | -29.3% |
| Total equity and liabilities | 10/49 | €552,737 | €568,979 | +€16,242 | +2.9% |
| Equity | 10/15 | €238,980 | €268,809 | +€29,830 | +12.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €170,380 | €200,209 | +€29,830 | +17.5% |
| Distributable reserves | 133 | €170,380 | €200,209 | +€29,830 | +17.5% |
| Amounts payable | 17/49 | €313,757 | €300,169 | -€13,588 | -4.3% |
| Amounts payable after more than one year | 17 | €211,207 | €189,153 | -€22,054 | -10.4% |
| Financial debts | 170/4 | €211,207 | €189,153 | -€22,054 | -10.4% |
| Amounts payable within one year | 42/48 | €102,466 | €110,932 | +€8,466 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €21,548 | €22,054 | +€505 | +2.3% |
| Financial debts | 43 | €1,663 | €13,209 | +€11,546 | +694% |
| Credit institutions | 430/8 | €1,663 | €13,209 | +€11,546 | +694% |
| Trade debts | 44 | €64,967 | €51,071 | -€13,896 | -21.4% |
| Suppliers | 440/4 | €64,967 | €51,071 | -€13,896 | -21.4% |
| Taxes, remuneration and social security | 45 | €14,287 | €21,063 | +€6,776 | +47.4% |
| Taxes | 450/3 | €14,287 | €21,063 | +€6,776 | +47.4% |
| Other amounts payable | 47/48 | - | €3,535 | +€3,535 | |
| Accrued charges and deferred income | 492/3 | €85 | €85 | = | 0.0% |
| Non-recurring operating income | 76A | €23,500 | €0 | -€23,500 | -100% |
| Remuneration, social security and pensions | 62 | €4,328 | €3,119 | -€1,209 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,776 | €17,439 | -€338 | -1.9% |
| Other operating charges | 640/8 | €2,873 | €2,014 | -€859 | -29.9% |
| Gross operating margin | 9900 | €49,628 | €66,134 | +€16,506 | +33.3% |
| Operating profit (loss) | 9901 | €24,651 | €43,562 | +€18,911 | +76.7% |
| Financial income | 75/76B | €7,909 | €13,753 | +€5,844 | +73.9% |
| Recurring financial income | 75 | €7,909 | €13,753 | +€5,844 | +73.9% |
| Financial charges | 65/66B | €6,827 | €5,525 | -€1,301 | -19.1% |
| Recurring financial charges | 65 | €6,827 | €5,525 | -€1,301 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €25,733 | €51,790 | +€26,056 | +101% |
| Income taxes | 67/77 | €11,096 | €21,960 | +€10,864 | +97.9% |
| Profit (loss) for the period | 9904 | €14,637 | €29,830 | +€15,192 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €14,637 | €29,830 | +€15,192 | +104% |
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 21 October 2026 via checked.be.