Ets Riverco: 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.
Ets Riverco
Largest movements
- Receivables within one year +€2,778
up €2,778 (+31.0%), from €8,947 to €11,725
of which Trade receivables: +€2,778
- Cash +€2,635
up €2,635 (+128.0%), from €2,058 to €4,693
mainly Net result for the year (+€13,133) and Tax, wage and social debts (+€7,172)
- Tangible fixed assets +€1,939
new in 2025: €1,939
- Tax, wage and social debts +€7,172
up €7,172 (+145.8%), from €4,920 to €12,092
of which Taxes: +€7,453
- Trade debts +€3,630
up €3,630 (+156.2%), from €2,324 to €5,954
- Other debts -€3,494
down €3,494 (-63.8%), from €5,478 to €1,984
- Gross operating margin +€27,978
up €27,978 (+138.0%), from €20,268 to €48,246
- Staff costs +€8,166
up €8,166 (+33.5%), from €24,374 to €32,540
- Taxes +€2,499
new in 2025: €2,499
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 | €11,409 | €18,850 | +€7,441 | +65.2% |
| Fixed assets | 21/28 | €404 | €2,343 | +€1,939 | +480.0% |
| Tangible fixed assets | 22/27 | - | €1,939 | +€1,939 | |
| Plant, machinery and equipment | 23 | - | €1,939 | +€1,939 | |
| Financial fixed assets | 28 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €11,005 | €16,507 | +€5,502 | +50.0% |
| Amounts receivable within one year | 40/41 | €8,947 | €11,725 | +€2,778 | +31.0% |
| Trade receivables | 40 | €5,947 | €8,725 | +€2,778 | +46.7% |
| Other amounts receivable | 41 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,058 | €4,693 | +€2,635 | +128.0% |
| Deferred charges and accrued income | 490/1 | - | €89 | +€89 | |
| Total equity and liabilities | 10/49 | €11,409 | €18,850 | +€7,441 | +65.2% |
| Equity | 10/15 | -€1,313 | -€1,180 | +€133 | +10.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,313 | -€4,180 | +€133 | +3.1% |
| Amounts payable | 17/49 | €12,722 | €20,030 | +€7,308 | +57.4% |
| Amounts payable within one year | 42/48 | €12,722 | €20,030 | +€7,308 | +57.4% |
| Trade debts | 44 | €2,324 | €5,954 | +€3,630 | +156.2% |
| Suppliers | 440/4 | €2,324 | €5,954 | +€3,630 | +156.2% |
| Taxes, remuneration and social security | 45 | €4,920 | €12,092 | +€7,172 | +145.8% |
| Taxes | 450/3 | €1,402 | €8,855 | +€7,453 | +531.6% |
| Remuneration and social security | 454/9 | €3,518 | €3,237 | -€281 | -8.0% |
| Other amounts payable | 47/48 | €5,478 | €1,984 | -€3,494 | -63.8% |
| Remuneration, social security and pensions | 62 | €24,374 | €32,540 | +€8,166 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €68 | +€68 | |
| Gross operating margin | 9900 | €20,268 | €48,246 | +€27,978 | +138.0% |
| Operating profit (loss) | 9901 | -€4,106 | €15,638 | +€19,744 | |
| Financial charges | 65/66B | €207 | €6 | -€201 | -97.1% |
| Recurring financial charges | 65 | €207 | €6 | -€201 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,313 | €15,632 | +€19,945 | |
| Income taxes | 67/77 | - | €2,499 | +€2,499 | |
| Profit (loss) for the period | 9904 | -€4,313 | €13,133 | +€17,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,313 | €13,133 | +€17,446 |
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 4 October 2026 via checked.be.