Frank Riviere: what changed
Frank Riviere
Largest movements
- Cash +€125,549
up €125,549 (+134%), from €93,791 to €219,340
mainly Net result for the year (+€545,260) and Other debts (+€204,200)
- Current investments -€100,000
down €100,000 (-6.3%), from €1.6m to €1.5m
- Intangible fixed assets -€58,822
down €58,822 (-21.6%), from €272,893 to €214,071
- Tangible fixed assets -€48,961
down €48,961 (-44.3%), from €110,545 to €61,584
of which Furniture and vehicles: -€38,900
- Reserves -€330,000
down €330,000 (-18.4%), from €1.8m to €1.5m
of which Distributable reserves: -€330,000
- Other debts +€204,200
up €204,200 (+215%), from €95,000 to €299,200
- Tax, wage and social debts +€104,993
up €104,993 (+166%), from €63,279 to €168,272
of which Taxes: +€93,652
- Current portion of long-term debt -€50,405
no longer reported in 2025 (was €50,405)
- Taxes +€48,921
up €48,921 (+22.9%), from €213,931 to €262,852
- Depreciation -€35,168
down €35,168 (-24.6%), from €142,950 to €107,782
- Gross operating margin -€25,582
down €25,582 (-2.3%), from €1.1m to €1.1m
- Staff costs +€17,835
up €17,835 (+10.2%), from €174,943 to €192,778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,082,409 | €2,003,239 | -€79,170 | -3.8% |
| Fixed assets | 21/28 | €383,438 | €275,655 | -€107,783 | -28.1% |
| Intangible fixed assets | 21 | €272,893 | €214,071 | -€58,822 | -21.6% |
| Tangible fixed assets | 22/27 | €110,545 | €61,584 | -€48,961 | -44.3% |
| Land and buildings | 22 | €15,965 | €14,123 | -€1,842 | -11.5% |
| Plant, machinery and equipment | 23 | €21,497 | €13,278 | -€8,219 | -38.2% |
| Furniture and vehicles | 24 | €73,083 | €34,183 | -€38,900 | -53.2% |
| Current assets | 29/58 | €1,698,971 | €1,727,584 | +€28,613 | +1.7% |
| Amounts receivable within one year | 40/41 | €5,180 | €8,244 | +€3,064 | +59.2% |
| Other amounts receivable | 41 | €5,180 | €8,244 | +€3,064 | +59.2% |
| Current investments | 50/53 | €1,600,000 | €1,500,000 | -€100,000 | -6.3% |
| Cash at bank and in hand | 54/58 | €93,791 | €219,340 | +€125,549 | +134% |
| Total equity and liabilities | 10/49 | €2,082,409 | €2,003,239 | -€79,170 | -3.8% |
| Equity | 10/15 | €1,851,493 | €1,516,753 | -€334,740 | -18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,797,775 | €1,467,775 | -€330,000 | -18.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,795,920 | €1,465,920 | -€330,000 | -18.4% |
| Profit (loss) carried forward | 14 | €41,318 | €36,578 | -€4,740 | -11.5% |
| Amounts payable | 17/49 | €230,916 | €486,486 | +€255,570 | +111% |
| Amounts payable within one year | 42/48 | €213,591 | €482,455 | +€268,864 | +126% |
| Current portion of amounts payable after more than one year | 42 | €50,405 | - | -€50,405 | |
| Trade debts | 44 | €4,907 | €14,983 | +€10,076 | +205% |
| Suppliers | 440/4 | €4,907 | €14,983 | +€10,076 | +205% |
| Taxes, remuneration and social security | 45 | €63,279 | €168,272 | +€104,993 | +166% |
| Taxes | 450/3 | €37,435 | €131,087 | +€93,652 | +250% |
| Remuneration and social security | 454/9 | €25,844 | €37,185 | +€11,341 | +43.9% |
| Other amounts payable | 47/48 | €95,000 | €299,200 | +€204,200 | +215% |
| Accrued charges and deferred income | 492/3 | €17,325 | €4,031 | -€13,294 | -76.7% |
| Remuneration, social security and pensions | 62 | €174,943 | €192,778 | +€17,835 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,950 | €107,782 | -€35,168 | -24.6% |
| Other operating charges | 640/8 | €2,849 | €4,347 | +€1,498 | +52.6% |
| Gross operating margin | 9900 | €1,107,615 | €1,082,033 | -€25,582 | -2.3% |
| Operating profit (loss) | 9901 | €786,873 | €777,126 | -€9,747 | -1.2% |
| Financial income | 75/76B | €29,856 | €31,868 | +€2,012 | +6.7% |
| Recurring financial income | 75 | €29,856 | €31,868 | +€2,012 | +6.7% |
| Financial charges | 65/66B | €1,878 | €882 | -€996 | -53.0% |
| Recurring financial charges | 65 | €1,878 | €882 | -€996 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €814,851 | €808,112 | -€6,739 | -0.8% |
| Income taxes | 67/77 | €213,931 | €262,852 | +€48,921 | +22.9% |
| Profit (loss) for the period | 9904 | €600,920 | €545,260 | -€55,660 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €600,920 | €545,260 | -€55,660 | -9.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.