RIVAGE: 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.
RIVAGE
Largest movements
- Tangible fixed assets +€112,587
up €112,587 (+8.3%), from €1.4m to €1.5m
of which Land and buildings: +€111,206
- Receivables within one year -€84,231
down €84,231 (-80.6%), from €104,474 to €20,244
- Cash -€76,767
down €76,767 (-7.9%), from €965,964 to €889,196
mainly Investment in fixed assets (net) (-€182,712) and Trade debts (-€42,321)
- Trade debts -€42,321
down €42,321 (-100.0%), from €42,321 to €0
- Depreciation +€17,224
up €17,224 (+32.6%), from €52,902 to €70,125
- Gross operating margin +€10,547
up €10,547 (+13.6%), from €77,727 to €88,274
- Taxes +€9,716
up €9,716 (+346.8%), from €2,801 to €12,518
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,451,261 | €2,384,841 | -€66,420 | -2.7% |
| Fixed assets | 21/28 | €1,362,814 | €1,475,401 | +€112,587 | +8.3% |
| Tangible fixed assets | 22/27 | €1,362,021 | €1,474,608 | +€112,587 | +8.3% |
| Land and buildings | 22 | €1,362,021 | €1,473,227 | +€111,206 | +8.2% |
| Furniture and vehicles | 24 | €0 | €1,381 | +€1,381 | |
| Financial fixed assets | 28 | €793 | €793 | = | 0.0% |
| Current assets | 29/58 | €1,088,447 | €909,440 | -€179,007 | -16.4% |
| Amounts receivable within one year | 40/41 | €104,474 | €20,244 | -€84,231 | -80.6% |
| Trade receivables | 40 | €104,474 | €20,244 | -€84,231 | -80.6% |
| Cash at bank and in hand | 54/58 | €965,964 | €889,196 | -€76,767 | -7.9% |
| Deferred charges and accrued income | 490/1 | €18,009 | €0 | -€18,009 | -100.0% |
| Total equity and liabilities | 10/49 | €2,451,261 | €2,384,841 | -€66,420 | -2.7% |
| Equity | 10/15 | €1,926,929 | €1,921,973 | -€4,956 | -0.3% |
| Contributions | 10/11 | €477,392 | €477,392 | = | 0.0% |
| Capital | 10 | €477,392 | €477,392 | = | 0.0% |
| Issued capital | 100 | €477,392 | €477,392 | = | 0.0% |
| Reserves | 13 | €1,449,090 | €1,444,134 | -€4,956 | -0.3% |
| Non-distributable reserves | 130/1 | €47,739 | €47,739 | = | 0.0% |
| Legal reserve | 130 | €47,739 | €47,739 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,169,249 | €1,136,805 | -€32,445 | -2.8% |
| Distributable reserves | 133 | €232,102 | €259,590 | +€27,489 | +11.8% |
| Profit (loss) carried forward | 14 | €447 | €447 | = | 0.0% |
| Provisions and deferred taxes | 16 | €389,750 | €378,935 | -€10,815 | -2.8% |
| Deferred taxes | 168 | €389,750 | €378,935 | -€10,815 | -2.8% |
| Amounts payable | 17/49 | €134,582 | €83,933 | -€50,649 | -37.6% |
| Amounts payable within one year | 42/48 | €131,432 | €82,733 | -€48,699 | -37.1% |
| Trade debts | 44 | €42,321 | €0 | -€42,321 | -100.0% |
| Suppliers | 440/4 | €42,321 | €0 | -€42,321 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,955 | €14,082 | +€8,127 | +136.5% |
| Taxes | 450/3 | €5,955 | €14,082 | +€8,127 | +136.5% |
| Other amounts payable | 47/48 | €83,157 | €68,651 | -€14,505 | -17.4% |
| Accrued charges and deferred income | 492/3 | €3,150 | €1,200 | -€1,950 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,902 | €70,125 | +€17,224 | +32.6% |
| Other operating charges | 640/8 | €15,347 | €15,944 | +€597 | +3.9% |
| Gross operating margin | 9900 | €77,727 | €88,274 | +€10,547 | +13.6% |
| Operating profit (loss) | 9901 | €9,479 | €2,205 | -€7,274 | -76.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +580.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +580.0% |
| Financial charges | 65/66B | €5,589 | €5,461 | -€128 | -2.3% |
| Recurring financial charges | 65 | €5,589 | €5,461 | -€128 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €3,890 | -€3,253 | -€7,144 | |
| Transfer from deferred taxes | 780 | €6,732 | €10,815 | +€4,083 | +60.7% |
| Income taxes | 67/77 | €2,801 | €12,518 | +€9,716 | +346.8% |
| Profit (loss) for the period | 9904 | €7,820 | -€4,956 | -€12,776 | |
| Transfer from tax-exempt reserves | 789 | €20,195 | €32,445 | +€12,250 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,015 | €27,489 | -€526 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.