DES RIVES: 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.
DES RIVES
Largest movements
- Tangible fixed assets -€3,766
down €3,766 (-92.1%), from €4,089 to €323
- Intangible fixed assets -€2,847
down €2,847 (-24.8%), from €11,478 to €8,631
- Cash -€538
down €538 (-50.0%), from €1,075 to €537
mainly Net result for the year (-€12,834) and Trade debts (-€2,392)
- Deferred charges and accrued income -€175
down €175 (-23.5%), from €745 to €571
- Profit (loss) carried forward -€12,834
down €12,834 (-9.8%), from -€131,188 to -€144,021
- Other debts +€7,635
up €7,635 (+6.0%), from €126,421 to €134,056
- Trade debts -€2,392
down €2,392 (-73.5%), from €3,256 to €864
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin +€1,629
up €1,629 (+23.7%), from -€6,887 to -€5,257
- Financial charges -€1,495
down €1,495 (-94.7%), from €1,580 to €84
- Depreciation -€78
down €78 (-1.2%), from €6,690 to €6,613
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 | €17,428 | €10,249 | -€7,179 | -41.2% |
| Fixed assets | 21/28 | €15,567 | €8,955 | -€6,613 | -42.5% |
| Intangible fixed assets | 21 | €11,478 | €8,631 | -€2,847 | -24.8% |
| Tangible fixed assets | 22/27 | €4,089 | €323 | -€3,766 | -92.1% |
| Furniture and vehicles | 24 | €4,089 | €323 | -€3,766 | -92.1% |
| Current assets | 29/58 | €1,861 | €1,294 | -€566 | -30.4% |
| Amounts receivable within one year | 40/41 | €41 | €187 | +€146 | +360.3% |
| Trade receivables | 40 | - | €40 | +€40 | |
| Other amounts receivable | 41 | €41 | €147 | +€106 | +262.5% |
| Cash at bank and in hand | 54/58 | €1,075 | €537 | -€538 | -50.0% |
| Deferred charges and accrued income | 490/1 | €745 | €571 | -€175 | -23.5% |
| Total equity and liabilities | 10/49 | €17,428 | €10,249 | -€7,179 | -41.2% |
| Equity | 10/15 | -€112,588 | -€125,421 | -€12,834 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,188 | -€144,021 | -€12,834 | -9.8% |
| Amounts payable | 17/49 | €130,016 | €135,670 | +€5,655 | +4.3% |
| Amounts payable within one year | 42/48 | €130,016 | €135,271 | +€5,255 | +4.0% |
| Trade debts | 44 | €3,256 | €864 | -€2,392 | -73.5% |
| Suppliers | 440/4 | €3,256 | €864 | -€2,392 | -73.5% |
| Taxes, remuneration and social security | 45 | €339 | €351 | +€12 | +3.5% |
| Taxes | 450/3 | €339 | €351 | +€12 | +3.5% |
| Other amounts payable | 47/48 | €126,421 | €134,056 | +€7,635 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,690 | €6,613 | -€78 | -1.2% |
| Other operating charges | 640/8 | €681 | €703 | +€22 | +3.3% |
| Gross operating margin | 9900 | -€6,887 | -€5,257 | +€1,629 | +23.7% |
| Operating profit (loss) | 9901 | -€14,258 | -€12,573 | +€1,685 | +11.8% |
| Financial charges | 65/66B | €1,580 | €84 | -€1,495 | -94.7% |
| Recurring financial charges | 65 | €1,580 | €84 | -€1,495 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,837 | -€12,658 | +€3,180 | +20.1% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€16,012 | -€12,834 | +€3,178 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,012 | -€12,834 | +€3,178 | +19.8% |
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 8 October 2026 via checked.be.