RIV: 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.
RIV
Largest movements
- Tangible fixed assets -€14,152
down €14,152 (-3.9%), from €360,227 to €346,075
of which Land and buildings: -€13,348
- Debts after one year -€15,002
down €15,002 (-11.0%), from €136,906 to €121,904
of which Financial debts: -€15,002
- Reserves +€14,153
up €14,153 (+10.2%), from €138,881 to €153,034
of which Distributable reserves: +€20,814
- Trade debts -€8,287
down €8,287 (-82.2%), from €10,084 to €1,797
- Gross operating margin +€3,716
up €3,716 (+9.5%), from €39,088 to €42,803
- Financial charges -€3,458
down €3,458 (-55.9%), from €6,184 to €2,727
- Financial income -€1,588
down €1,588 (-65.7%), from €2,417 to €830
- Other operating charges -€746
down €746 (-7.7%), from €9,621 to €8,876
- Depreciation -€577
down €577 (-2.9%), from €19,880 to €19,303
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 | €565,723 | €547,785 | -€17,938 | -3.2% |
| Fixed assets | 21/28 | €360,227 | €346,075 | -€14,152 | -3.9% |
| Tangible fixed assets | 22/27 | €360,227 | €346,075 | -€14,152 | -3.9% |
| Land and buildings | 22 | €358,234 | €344,886 | -€13,348 | -3.7% |
| Furniture and vehicles | 24 | €1,993 | €1,189 | -€804 | -40.3% |
| Current assets | 29/58 | €205,495 | €201,710 | -€3,786 | -1.8% |
| Amounts receivable within one year | 40/41 | €1,600 | €296 | -€1,304 | -81.5% |
| Trade receivables | 40 | €1,600 | €44 | -€1,556 | -97.2% |
| Other amounts receivable | 41 | €0 | €252 | +€252 | |
| Current investments | 50/53 | €70,993 | €70,982 | -€11 | 0.0% |
| Cash at bank and in hand | 54/58 | €128,111 | €127,508 | -€603 | -0.5% |
| Deferred charges and accrued income | 490/1 | €4,792 | €2,924 | -€1,868 | -39.0% |
| Total equity and liabilities | 10/49 | €565,723 | €547,785 | -€17,938 | -3.2% |
| Equity | 10/15 | €350,381 | €364,534 | +€14,153 | +4.0% |
| Contributions | 10/11 | €211,500 | €211,500 | = | 0.0% |
| Reserves | 13 | €138,881 | €153,034 | +€14,153 | +10.2% |
| Tax-exempt reserves | 132 | €82,302 | €75,641 | -€6,661 | -8.1% |
| Distributable reserves | 133 | €56,579 | €77,393 | +€20,814 | +36.8% |
| Provisions and deferred taxes | 16 | €20,576 | €18,910 | -€1,665 | -8.1% |
| Deferred taxes | 168 | €20,576 | €18,910 | -€1,665 | -8.1% |
| Amounts payable | 17/49 | €194,766 | €164,341 | -€30,426 | -15.6% |
| Amounts payable after more than one year | 17 | €136,906 | €121,904 | -€15,002 | -11.0% |
| Financial debts | 170/4 | €25,406 | €10,404 | -€15,002 | -59.0% |
| Other amounts payable | 178/9 | €111,500 | €111,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,860 | €42,430 | -€15,430 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €14,305 | €15,002 | +€697 | +4.9% |
| Financial debts | 43 | €10,937 | €5,469 | -€5,469 | -50.0% |
| Credit institutions | 430/8 | €10,937 | €5,469 | -€5,469 | -50.0% |
| Trade debts | 44 | €10,084 | €1,797 | -€8,287 | -82.2% |
| Suppliers | 440/4 | €10,084 | €1,797 | -€8,287 | -82.2% |
| Taxes, remuneration and social security | 45 | €426 | €238 | -€188 | -44.2% |
| Taxes | 450/3 | €426 | €238 | -€188 | -44.2% |
| Other amounts payable | 47/48 | €22,108 | €19,924 | -€2,184 | -9.9% |
| Accrued charges and deferred income | 492/3 | €0 | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,880 | €19,303 | -€577 | -2.9% |
| Other operating charges | 640/8 | €9,621 | €8,876 | -€746 | -7.7% |
| Gross operating margin | 9900 | €39,088 | €42,803 | +€3,716 | +9.5% |
| Operating profit (loss) | 9901 | €9,586 | €14,624 | +€5,038 | +52.6% |
| Financial income | 75/76B | €2,417 | €830 | -€1,588 | -65.7% |
| Recurring financial income | 75 | €2,417 | €830 | -€1,588 | -65.7% |
| Financial charges | 65/66B | €6,184 | €2,727 | -€3,458 | -55.9% |
| Recurring financial charges | 65 | €6,184 | €2,727 | -€3,458 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €5,819 | €12,727 | +€6,908 | +118.7% |
| Transfer from deferred taxes | 780 | €1,625 | €1,665 | +€40 | +2.5% |
| Income taxes | 67/77 | €228 | €239 | +€12 | +5.1% |
| Profit (loss) for the period | 9904 | €7,216 | €14,153 | +€6,937 | +96.1% |
| Transfer from tax-exempt reserves | 789 | €6,500 | €6,661 | +€161 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,716 | €20,814 | +€7,098 | +51.8% |
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 2 October 2026 via checked.be.