RIVADES: 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.
RIVADES
Largest movements
- Tangible fixed assets -€118,024
down €118,024 (-4.2%), from €2.8m to €2.7m
of which Land and buildings: -€118,024
- Other debts -€163,222
down €163,222 (-37.0%), from €441,237 to €278,015
- Reserves +€109,283
up €109,283 (+8.1%), from €1.4m to €1.5m
of which Distributable reserves: +€109,283
- Gross operating margin +€133,288
up €133,288 (+122.7%), from €108,647 to €241,935
- Taxes +€6,104
up €6,104 (+1596.4%), from €382 to €6,486
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 | €2,841,908 | €2,756,839 | -€85,069 | -3.0% |
| Fixed assets | 21/28 | €2,789,851 | €2,671,826 | -€118,024 | -4.2% |
| Tangible fixed assets | 22/27 | €2,789,851 | €2,671,826 | -€118,024 | -4.2% |
| Land and buildings | 22 | €2,789,851 | €2,671,826 | -€118,024 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €52,057 | €85,013 | +€32,955 | +63.3% |
| Amounts receivable within one year | 40/41 | - | €5,085 | +€5,085 | |
| Trade receivables | 40 | - | €5,085 | +€5,085 | |
| Cash at bank and in hand | 54/58 | €7,047 | €34,918 | +€27,871 | +395.5% |
| Deferred charges and accrued income | 490/1 | €45,010 | €45,010 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,841,908 | €2,756,839 | -€85,069 | -3.0% |
| Equity | 10/15 | €2,365,146 | €2,447,166 | +€82,020 | +3.5% |
| Contributions | 10/11 | €984,000 | €984,000 | = | 0.0% |
| Capital | 10 | €984,000 | €984,000 | = | 0.0% |
| Issued capital | 100 | €984,000 | €984,000 | = | 0.0% |
| Reserves | 13 | €1,353,884 | €1,463,166 | +€109,283 | +8.1% |
| Non-distributable reserves | 130/1 | €148,887 | €148,887 | = | 0.0% |
| Legal reserve | 130 | €98,400 | €98,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,487 | €50,487 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,204,386 | €1,204,386 | = | 0.0% |
| Distributable reserves | 133 | €611 | €109,894 | +€109,283 | +17874.1% |
| Profit (loss) carried forward | 14 | €27,262 | - | -€27,262 | |
| Amounts payable | 17/49 | €476,762 | €309,673 | -€167,089 | -35.0% |
| Amounts payable after more than one year | 17 | €24,789 | €24,789 | = | 0.0% |
| Other amounts payable | 178/9 | €24,789 | €24,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €451,973 | €284,883 | -€167,089 | -37.0% |
| Trade debts | 44 | €9,683 | - | -€9,683 | |
| Suppliers | 440/4 | €9,683 | - | -€9,683 | |
| Taxes, remuneration and social security | 45 | €1,053 | €6,869 | +€5,815 | +552.1% |
| Taxes | 450/3 | €1,053 | €6,869 | +€5,815 | +552.1% |
| Other amounts payable | 47/48 | €441,237 | €278,015 | -€163,222 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,876 | €118,024 | -€1,851 | -1.5% |
| Other operating charges | 640/8 | €34,627 | €35,269 | +€642 | +1.9% |
| Gross operating margin | 9900 | €108,647 | €241,935 | +€133,288 | +122.7% |
| Operating profit (loss) | 9901 | -€45,855 | €88,642 | +€134,497 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €58 | €139 | +€82 | +141.3% |
| Recurring financial charges | 65 | €58 | €139 | +€82 | +141.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,913 | €88,507 | +€134,420 | |
| Income taxes | 67/77 | €382 | €6,486 | +€6,104 | +1596.4% |
| Profit (loss) for the period | 9904 | -€46,295 | €82,020 | +€128,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,295 | €82,020 | +€128,316 |
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 8 October 2026 via checked.be.