IMMO - RIVIERE: 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.
IMMO - RIVIERE
Largest movements
- Receivables within one year -€589,912
down €589,912 (-100%), from €589,912 to €0
of which Trade receivables: -€587,700
- Tangible fixed assets +€439,615
up €439,615 (+1,587%), from €27,693 to €467,308
of which Land and buildings: +€439,650
- Cash +€103,058
up €103,058 (+1,462%), from €7,048 to €110,106
mainly Receivables within one year (+€589,912) and Other debts (+€33,021)
- Profit (loss) carried forward -€67,885
down €67,885 (-205%), from -€33,051 to -€100,936
- Other debts +€33,021
up €33,021 (+69.4%), from €47,591 to €80,612
- Trade debts -€10,123
down €10,123 (-66.0%), from €15,337 to €5,214
- Gross operating margin -€549,548
down €549,548, from €512,190 to -€37,358
- Depreciation +€19,204
up €19,204 (+284%), from €6,769 to €25,973
- Other operating charges +€6,439
up €6,439 (+85.2%), from €7,561 to €14,001
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 | €639,316 | €588,287 | -€51,029 | -8.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,693 | €467,308 | +€439,615 | +1,587% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €27,693 | €467,308 | +€439,615 | +1,587% |
| Land and buildings | 22 | €27,658 | €467,308 | +€439,650 | +1,590% |
| Furniture and vehicles | 24 | €35 | €0 | -€35 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €611,623 | €120,979 | -€490,644 | -80.2% |
| Amounts receivable within one year | 40/41 | €589,912 | €0 | -€589,912 | -100% |
| Trade receivables | 40 | €587,700 | €0 | -€587,700 | -100% |
| Other amounts receivable | 41 | €2,212 | €0 | -€2,212 | -100% |
| Cash at bank and in hand | 54/58 | €7,048 | €110,106 | +€103,058 | +1,462% |
| Deferred charges and accrued income | 490/1 | €14,662 | €10,873 | -€3,790 | -25.8% |
| Total equity and liabilities | 10/49 | €639,316 | €588,287 | -€51,029 | -8.0% |
| Equity | 10/15 | €452,772 | €379,198 | -€73,574 | -16.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €424,324 | €418,635 | -€5,689 | -1.3% |
| Non-distributable reserves | 130/1 | €4,321 | €4,321 | = | 0.0% |
| Legal reserve | 130 | €4,321 | €4,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,437 | €364,748 | -€5,689 | -1.5% |
| Distributable reserves | 133 | €49,566 | €49,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,051 | -€100,936 | -€67,885 | -205% |
| Provisions and deferred taxes | 16 | €123,479 | €121,583 | -€1,896 | -1.5% |
| Deferred taxes | 168 | €123,479 | €121,583 | -€1,896 | -1.5% |
| Amounts payable | 17/49 | €63,064 | €87,506 | +€24,442 | +38.8% |
| Amounts payable within one year | 42/48 | €63,064 | €86,016 | +€22,952 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €15,337 | €5,214 | -€10,123 | -66.0% |
| Suppliers | 440/4 | €15,337 | €5,214 | -€10,123 | -66.0% |
| Taxes, remuneration and social security | 45 | €136 | €190 | +€54 | +39.3% |
| Taxes | 450/3 | €136 | €190 | +€54 | +39.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €47,591 | €80,612 | +€33,021 | +69.4% |
| Accrued charges and deferred income | 492/3 | - | €1,490 | +€1,490 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,769 | €25,973 | +€19,204 | +284% |
| Other operating charges | 640/8 | €7,561 | €14,001 | +€6,439 | +85.2% |
| Gross operating margin | 9900 | €512,190 | -€37,358 | -€549,548 | |
| Operating profit (loss) | 9901 | €497,859 | -€77,332 | -€575,191 | |
| Financial income | 75/76B | €0 | €3,747 | +€3,747 | |
| Recurring financial income | 75 | €0 | €3,747 | +€3,747 | |
| Financial charges | 65/66B | €1,667 | €1,784 | +€117 | +7.0% |
| Recurring financial charges | 65 | €1,667 | €1,784 | +€117 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €496,192 | -€75,369 | -€571,561 | |
| Transfer from deferred taxes | 780 | - | €1,896 | +€1,896 | |
| Transfer to deferred taxes | 680 | €123,479 | €0 | -€123,479 | -100% |
| Income taxes | 67/77 | €88 | €102 | +€13 | +14.8% |
| Profit (loss) for the period | 9904 | €372,624 | -€73,574 | -€446,199 | |
| Transfer from tax-exempt reserves | 789 | - | €5,689 | +€5,689 | |
| Transfer to tax-exempt reserves | 689 | €370,437 | €0 | -€370,437 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €2,187 | -€67,885 | -€70,072 |
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 18 October 2026 via checked.be.