Riva Armada: 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 Armada
Largest movements
- Financial fixed assets -€420,622
down €420,622 (-100.0%), from €420,623 to €1
- Receivables within one year -€7,730
down €7,730 (-58.1%), from €13,307 to €5,577
of which Other amounts receivable: -€9,694
- Tangible fixed assets -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Profit (loss) carried forward -€254,395
new in 2025: -€254,395
- Reserves -€177,549
down €177,549 (-74.8%), from €237,330 to €59,781
- Other debts +€20,438
up €20,438 (+13.1%), from €155,500 to €175,938
- Debts after one year -€10,430
down €10,430 (-92.2%), from €11,307 to €876
- Trade debts -€6,653
down €6,653 (-49.2%), from €13,518 to €6,865
- Financial charges +€420,476
up €420,476 (+21237.6%), from €1,980 to €422,456
of which Non-recurring financial charges: +€420,622
- Gross operating margin +€10,912
up €10,912 (+61.6%), from -€17,701 to -€6,789
- Depreciation -€6,411
down €6,411 (-100.0%), from €6,411 to €0
- Other operating charges +€1,648
up €1,648 (+173.3%), from €951 to €2,598
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 | €440,194 | €5,634 | -€434,560 | -98.7% |
| Fixed assets | 21/28 | €426,623 | €1 | -€426,622 | -100.0% |
| Tangible fixed assets | 22/27 | €6,000 | €0 | -€6,000 | -100.0% |
| Furniture and vehicles | 24 | €6,000 | €0 | -€6,000 | -100.0% |
| Financial fixed assets | 28 | €420,623 | €1 | -€420,622 | -100.0% |
| Current assets | 29/58 | €13,571 | €5,633 | -€7,938 | -58.5% |
| Amounts receivable within one year | 40/41 | €13,307 | €5,577 | -€7,730 | -58.1% |
| Trade receivables | 40 | €2,035 | €4,000 | +€1,965 | +96.5% |
| Other amounts receivable | 41 | €11,271 | €1,577 | -€9,694 | -86.0% |
| Cash at bank and in hand | 54/58 | €0 | €56 | +€56 | |
| Deferred charges and accrued income | 490/1 | €264 | €0 | -€264 | -100.0% |
| Total equity and liabilities | 10/49 | €440,194 | €5,634 | -€434,560 | -98.7% |
| Equity | 10/15 | €239,330 | -€192,615 | -€431,944 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €237,330 | €59,781 | -€177,549 | -74.8% |
| Distributable reserves | 133 | €237,330 | €59,781 | -€177,549 | -74.8% |
| Profit (loss) carried forward | 14 | - | -€254,395 | -€254,395 | |
| Amounts payable | 17/49 | €200,864 | €198,249 | -€2,615 | -1.3% |
| Amounts payable after more than one year | 17 | €11,307 | €876 | -€10,430 | -92.2% |
| Financial debts | 170/4 | €11,307 | €876 | -€10,430 | -92.2% |
| Amounts payable within one year | 42/48 | €189,530 | €197,373 | +€7,842 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €14,408 | €10,373 | -€4,036 | -28.0% |
| Trade debts | 44 | €13,518 | €6,865 | -€6,653 | -49.2% |
| Suppliers | 440/4 | €13,518 | €6,865 | -€6,653 | -49.2% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €6,104 | €197 | -€5,907 | -96.8% |
| Taxes | 450/3 | €6,104 | €197 | -€5,907 | -96.8% |
| Other amounts payable | 47/48 | €155,500 | €175,938 | +€20,438 | +13.1% |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,411 | €0 | -€6,411 | -100.0% |
| Other operating charges | 640/8 | €951 | €2,598 | +€1,648 | +173.3% |
| Gross operating margin | 9900 | -€17,701 | -€6,789 | +€10,912 | +61.6% |
| Operating profit (loss) | 9901 | -€25,063 | -€9,387 | +€15,675 | +62.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,980 | €422,456 | +€420,476 | +21237.6% |
| Recurring financial charges | 65 | €1,980 | €1,834 | -€146 | -7.4% |
| Non-recurring financial charges | 66B | - | €420,622 | +€420,622 | |
| Profit (loss) for the period before taxes | 9903 | -€27,042 | -€431,843 | -€404,800 | -1496.9% |
| Income taxes | 67/77 | €214 | €102 | -€113 | -52.6% |
| Profit (loss) for the period | 9904 | -€27,257 | -€431,944 | -€404,688 | -1484.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,257 | -€431,944 | -€404,688 | -1484.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.