BK RIVE: 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.
BK RIVE
Largest movements
- Cash -€152,781
down €152,781 (-34.6%), from €441,350 to €288,569
mainly Debts after one year (-€133,506) and Net result for the year (-€82,128)
- Tangible fixed assets -€137,827
down €137,827 (-78.3%), from €176,039 to €38,212
of which Land and buildings: -€131,339
- Receivables within one year +€63,451
up €63,451 (+1425.2%), from €4,452 to €67,903
of which Trade receivables: +€67,649
- Debts after one year -€133,506
down €133,506 (-52.4%), from €254,817 to €121,311
- Profit (loss) carried forward -€82,128
down €82,128 (-52.2%), from -€157,185 to -€239,313
- Current portion of long-term debt +€30,000
up €30,000 (+22.5%), from €133,506 to €163,506
- Short-term financial debts -€30,000
down €30,000 (-68.2%), from €44,003 to €14,003
- Tax, wage and social debts -€20,016
down €20,016 (-27.3%), from €73,398 to €53,382
of which Remuneration and social security: -€14,542
- Gross operating margin -€193,736
down €193,736 (-27.7%), from €698,710 to €504,974
- Staff costs -€123,445
down €123,445 (-23.1%), from €533,612 to €410,168
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.
Cash bridge derived
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 | €658,070 | €425,500 | -€232,571 | -35.3% |
| Formation expenses | 20 | €7,429 | €1,065 | -€6,363 | -85.7% |
| Fixed assets | 21/28 | €179,930 | €38,770 | -€141,160 | -78.5% |
| Intangible fixed assets | 21 | €3,892 | €558 | -€3,333 | -85.7% |
| Tangible fixed assets | 22/27 | €176,039 | €38,212 | -€137,827 | -78.3% |
| Land and buildings | 22 | €153,288 | €21,949 | -€131,339 | -85.7% |
| Plant, machinery and equipment | 23 | €19,802 | €15,864 | -€3,938 | -19.9% |
| Furniture and vehicles | 24 | €2,949 | €399 | -€2,550 | -86.5% |
| Current assets | 29/58 | €470,712 | €385,664 | -€85,048 | -18.1% |
| Stocks and contracts in progress | 3 | €14,144 | €20,709 | +€6,565 | +46.4% |
| Stocks | 30/36 | €14,144 | €20,709 | +€6,565 | +46.4% |
| Amounts receivable within one year | 40/41 | €4,452 | €67,903 | +€63,451 | +1425.2% |
| Trade receivables | 40 | €148 | €67,797 | +€67,649 | +45864.0% |
| Other amounts receivable | 41 | €4,305 | €106 | -€4,198 | -97.5% |
| Cash at bank and in hand | 54/58 | €441,350 | €288,569 | -€152,781 | -34.6% |
| Deferred charges and accrued income | 490/1 | €10,766 | €8,483 | -€2,282 | -21.2% |
| Total equity and liabilities | 10/49 | €658,070 | €425,500 | -€232,571 | -35.3% |
| Equity | 10/15 | -€34,175 | -€116,303 | -€82,128 | -240.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €3,010 | €3,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,010 | - | -€3,010 | |
| Reserves not available under the articles | 1311 | €3,010 | - | -€3,010 | |
| Distributable reserves | 133 | - | €3,010 | +€3,010 | |
| Profit (loss) carried forward | 14 | -€157,185 | -€239,313 | -€82,128 | -52.2% |
| Amounts payable | 17/49 | €692,245 | €541,803 | -€150,442 | -21.7% |
| Amounts payable after more than one year | 17 | €254,817 | €121,311 | -€133,506 | -52.4% |
| Financial debts | 170/4 | €254,817 | €121,311 | -€133,506 | -52.4% |
| Amounts payable within one year | 42/48 | €420,628 | €404,492 | -€16,136 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €133,506 | €163,506 | +€30,000 | +22.5% |
| Financial debts | 43 | €44,003 | €14,003 | -€30,000 | -68.2% |
| Credit institutions | 430/8 | €44,003 | €14,003 | -€30,000 | -68.2% |
| Trade debts | 44 | €114,178 | €133,342 | +€19,165 | +16.8% |
| Suppliers | 440/4 | €114,178 | €133,342 | +€19,165 | +16.8% |
| Taxes, remuneration and social security | 45 | €73,398 | €53,382 | -€20,016 | -27.3% |
| Taxes | 450/3 | €11,620 | €6,146 | -€5,474 | -47.1% |
| Remuneration and social security | 454/9 | €61,778 | €47,236 | -€14,542 | -23.5% |
| Other amounts payable | 47/48 | €55,543 | €40,258 | -€15,285 | -27.5% |
| Accrued charges and deferred income | 492/3 | €16,800 | €16,000 | -€800 | -4.8% |
| Remuneration, social security and pensions | 62 | €533,612 | €410,168 | -€123,445 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,973 | €147,523 | +€1,550 | +1.1% |
| Other operating charges | 640/8 | €16,847 | €15,467 | -€1,380 | -8.2% |
| Gross operating margin | 9900 | €698,710 | €504,974 | -€193,736 | -27.7% |
| Operating profit (loss) | 9901 | €2,278 | -€68,184 | -€70,461 | |
| Financial income | 75/76B | €354 | €1,460 | +€1,106 | +312.5% |
| Recurring financial income | 75 | €354 | €1,460 | +€1,106 | +312.5% |
| Financial charges | 65/66B | €12,473 | €15,405 | +€2,931 | +23.5% |
| Recurring financial charges | 65 | €12,473 | €15,405 | +€2,931 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,842 | -€82,128 | -€72,287 | -734.5% |
| Profit (loss) for the period | 9904 | -€9,842 | -€82,128 | -€72,287 | -734.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,842 | -€82,128 | -€72,287 | -734.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.