RIVA: 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.
RIVA
Largest movements
- Cash +€81,950
up €81,950 (+23.1%), from €355,361 to €437,311
mainly Depreciation (+€49,698) and Other debts (+€20,014)
- Tangible fixed assets -€49,698
down €49,698 (-3.1%), from €1.6m to €1.6m
of which Land and buildings: -€32,867
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€3,480
up €3,480 (+7.5%), from €46,218 to €49,698
- Gross operating margin -€2,710
down €2,710 (-3.2%), from €83,586 to €80,877
- Taxes -€1,581
down €1,581 (-21.6%), from €7,327 to €5,746
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 | €1,967,786 | €2,001,454 | +€33,669 | +1.7% |
| Fixed assets | 21/28 | €1,610,599 | €1,560,901 | -€49,698 | -3.1% |
| Tangible fixed assets | 22/27 | €1,610,599 | €1,560,901 | -€49,698 | -3.1% |
| Land and buildings | 22 | €1,552,206 | €1,519,340 | -€32,867 | -2.1% |
| Plant, machinery and equipment | 23 | €13,514 | €10,143 | -€3,370 | -24.9% |
| Furniture and vehicles | 24 | €44,879 | €31,419 | -€13,461 | -30.0% |
| Current assets | 29/58 | €357,186 | €440,553 | +€83,367 | +23.3% |
| Amounts receivable within one year | 40/41 | €528 | €2,163 | +€1,634 | +309.3% |
| Trade receivables | 40 | €354 | €409 | +€54 | +15.3% |
| Other amounts receivable | 41 | €174 | €1,754 | +€1,580 | +907.4% |
| Cash at bank and in hand | 54/58 | €355,361 | €437,311 | +€81,950 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,079 | -€218 | -16.8% |
| Total equity and liabilities | 10/49 | €1,967,786 | €2,001,454 | +€33,669 | +1.7% |
| Equity | 10/15 | €708,267 | €725,011 | +€16,744 | +2.4% |
| Contributions | 10/11 | €464,100 | €464,100 | = | 0.0% |
| Reserves | 13 | €244,167 | €260,911 | +€16,744 | +6.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €244,167 | €260,911 | +€16,744 | +6.9% |
| Amounts payable | 17/49 | €1,259,519 | €1,276,444 | +€16,925 | +1.3% |
| Amounts payable after more than one year | 17 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,969 | €171,680 | +€14,710 | +9.4% |
| Trade debts | 44 | €12,634 | €7,122 | -€5,512 | -43.6% |
| Suppliers | 440/4 | €12,634 | €7,122 | -€5,512 | -43.6% |
| Advances received on contracts in progress | 46 | €15,120 | €14,686 | -€434 | -2.9% |
| Taxes, remuneration and social security | 45 | €27,711 | €28,353 | +€642 | +2.3% |
| Taxes | 450/3 | €27,711 | €28,353 | +€642 | +2.3% |
| Other amounts payable | 47/48 | €101,504 | €121,518 | +€20,014 | +19.7% |
| Accrued charges and deferred income | 492/3 | €2,550 | €4,764 | +€2,214 | +86.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,218 | €49,698 | +€3,480 | +7.5% |
| Other operating charges | 640/8 | €8,304 | €8,604 | +€300 | +3.6% |
| Gross operating margin | 9900 | €83,586 | €80,877 | -€2,710 | -3.2% |
| Operating profit (loss) | 9901 | €29,064 | €22,575 | -€6,490 | -22.3% |
| Financial income | 75/76B | €4 | €1 | -€3 | -68.9% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -68.9% |
| Financial charges | 65/66B | €169 | €86 | -€83 | -49.3% |
| Recurring financial charges | 65 | €169 | €86 | -€83 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €28,899 | €22,490 | -€6,409 | -22.2% |
| Income taxes | 67/77 | €7,327 | €5,746 | -€1,581 | -21.6% |
| Profit (loss) for the period | 9904 | €21,572 | €16,744 | -€4,828 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,572 | €16,744 | -€4,828 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.