RIVA J.I.: 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.
RIVA J.I.
Largest movements
- Stocks and contracts +€80,924
up €80,924 (+28.4%), from €285,038 to €365,962
of which Contracts in progress: +€77,000
- Tangible fixed assets -€37,283
down €37,283 (-8.8%), from €425,658 to €388,375
of which Land and buildings: -€38,614
- Reserves +€18,900
up €18,900 (+8.2%), from €231,320 to €250,220
of which Distributable reserves: +€18,900
- Debts after one year +€16,291
up €16,291 (+14.8%), from €110,265 to €126,556
- Gross operating margin +€11,138
up €11,138 (+13.0%), from €85,734 to €96,872
- Taxes +€3,291
up €3,291 (+137%), from €2,395 to €5,686
- Depreciation +€2,398
up €2,398 (+4.3%), from €55,749 to €58,146
- Financial charges -€1,461
down €1,461 (-20.9%), from €6,992 to €5,531
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 | €852,638 | €898,428 | +€45,790 | +5.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €425,658 | €388,375 | -€37,283 | -8.8% |
| Tangible fixed assets | 22/27 | €425,658 | €388,375 | -€37,283 | -8.8% |
| Land and buildings | 22 | €378,916 | €340,302 | -€38,614 | -10.2% |
| Plant, machinery and equipment | 23 | €26,891 | €33,787 | +€6,896 | +25.6% |
| Furniture and vehicles | 24 | €19,851 | €14,286 | -€5,565 | -28.0% |
| Current assets | 29/58 | €426,980 | €510,053 | +€83,073 | +19.5% |
| Stocks and contracts in progress | 3 | €285,038 | €365,962 | +€80,924 | +28.4% |
| Stocks | 30/36 | €247,138 | €251,062 | +€3,924 | +1.6% |
| Contracts in progress | 37 | €37,900 | €114,900 | +€77,000 | +203% |
| Amounts receivable within one year | 40/41 | €107,810 | €113,987 | +€6,177 | +5.7% |
| Trade receivables | 40 | €100,363 | €103,241 | +€2,878 | +2.9% |
| Other amounts receivable | 41 | €7,447 | €10,747 | +€3,300 | +44.3% |
| Cash at bank and in hand | 54/58 | €34,132 | €30,104 | -€4,028 | -11.8% |
| Total equity and liabilities | 10/49 | €852,638 | €898,428 | +€45,790 | +5.4% |
| Equity | 10/15 | €250,850 | €269,804 | +€18,954 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,320 | €250,220 | +€18,900 | +8.2% |
| Tax-exempt reserves | 132 | €1,553 | €1,553 | = | 0.0% |
| Distributable reserves | 133 | €229,767 | €248,667 | +€18,900 | +8.2% |
| Profit (loss) carried forward | 14 | €930 | €985 | +€54 | +5.8% |
| Amounts payable | 17/49 | €601,788 | €628,624 | +€26,836 | +4.5% |
| Amounts payable after more than one year | 17 | €110,265 | €126,556 | +€16,291 | +14.8% |
| Financial debts | 170/4 | €110,265 | €126,556 | +€16,291 | +14.8% |
| Amounts payable within one year | 42/48 | €491,523 | €502,068 | +€10,545 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €10,571 | €14,070 | +€3,499 | +33.1% |
| Trade debts | 44 | €46,005 | €44,887 | -€1,117 | -2.4% |
| Suppliers | 440/4 | €46,005 | €44,887 | -€1,117 | -2.4% |
| Taxes, remuneration and social security | 45 | €20,066 | €19,420 | -€645 | -3.2% |
| Taxes | 450/3 | €645 | - | -€645 | |
| Remuneration and social security | 454/9 | €19,420 | €19,420 | = | 0.0% |
| Other amounts payable | 47/48 | €414,882 | €423,691 | +€8,809 | +2.1% |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €334 | €446 | +€112 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,749 | €58,146 | +€2,398 | +4.3% |
| Other operating charges | 640/8 | €9,330 | €8,956 | -€374 | -4.0% |
| Gross operating margin | 9900 | €85,734 | €96,872 | +€11,138 | +13.0% |
| Operating profit (loss) | 9901 | €20,321 | €29,324 | +€9,003 | +44.3% |
| Financial income | 75/76B | €660 | €847 | +€186 | +28.2% |
| Recurring financial income | 75 | €660 | €847 | +€186 | +28.2% |
| Financial charges | 65/66B | €6,992 | €5,531 | -€1,461 | -20.9% |
| Recurring financial charges | 65 | €6,992 | €5,531 | -€1,461 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €13,990 | €24,640 | +€10,650 | +76.1% |
| Income taxes | 67/77 | €2,395 | €5,686 | +€3,291 | +137% |
| Profit (loss) for the period | 9904 | €11,595 | €18,954 | +€7,359 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,595 | €18,954 | +€7,359 | +63.5% |
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 22 October 2026 via checked.be.