Les Rivages: 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.
Les Rivages
Largest movements
- Cash +€2,298
up €2,298 (+82.4%), from €2,787 to €5,085
mainly Depreciation (+€6,396) and Other debts (+€2,120)
- Tangible fixed assets -€1,627
down €1,627 (-1.8%), from €90,937 to €89,310
of which Assets under construction and advance payments: -€1,060
- Profit (loss) carried forward -€2,749
down €2,749 (-2.8%), from -€98,696 to -€101,445
- Other debts +€2,120
up €2,120 (+1.5%), from €137,523 to €139,643
- Accrued charges and deferred income +€1,300
new in 2025: €1,300
- Gross operating margin -€14,964
down €14,964 (-80.4%), from €18,610 to €3,646
- Other operating charges -€6,405
no longer reported in 2025 (was €6,405)
- Depreciation +€1,127
up €1,127 (+21.4%), from €5,269 to €6,396
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 | €93,724 | €94,395 | +€671 | +0.7% |
| Fixed assets | 21/28 | €90,937 | €89,310 | -€1,627 | -1.8% |
| Tangible fixed assets | 22/27 | €90,937 | €89,310 | -€1,627 | -1.8% |
| Land and buildings | 22 | €81,397 | €80,830 | -€567 | -0.7% |
| Assets under construction and advance payments | 27 | €9,540 | €8,480 | -€1,060 | -11.1% |
| Current assets | 29/58 | €2,787 | €5,085 | +€2,298 | +82.4% |
| Cash at bank and in hand | 54/58 | €2,787 | €5,085 | +€2,298 | +82.4% |
| Total equity and liabilities | 10/49 | €93,724 | €94,395 | +€671 | +0.7% |
| Equity | 10/15 | -€43,799 | -€46,548 | -€2,749 | -6.3% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €27,397 | €27,397 | = | 0.0% |
| Distributable reserves | 133 | €27,397 | €27,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,696 | -€101,445 | -€2,749 | -2.8% |
| Amounts payable | 17/49 | €137,523 | €140,943 | +€3,420 | +2.5% |
| Amounts payable within one year | 42/48 | €137,523 | €139,643 | +€2,120 | +1.5% |
| Other amounts payable | 47/48 | €137,523 | €139,643 | +€2,120 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,269 | €6,396 | +€1,127 | +21.4% |
| Other operating charges | 640/8 | €6,405 | - | -€6,405 | |
| Gross operating margin | 9900 | €18,610 | €3,646 | -€14,964 | -80.4% |
| Operating profit (loss) | 9901 | €6,936 | -€2,749 | -€9,685 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Non-recurring financial income | 76B | €14 | - | -€14 | |
| Financial charges | 65/66B | €54 | - | -€54 | |
| Recurring financial charges | 65 | €54 | - | -€54 | |
| Profit (loss) for the period before taxes | 9903 | €6,896 | -€2,749 | -€9,645 | |
| Profit (loss) for the period | 9904 | €6,896 | -€2,749 | -€9,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,896 | -€2,749 | -€9,645 |
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 25 October 2026 via checked.be.