RIVAGE 129: 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.
RIVAGE 129
Largest movements
- Financial fixed assets +€60,271
up €60,271 (+101%), from €59,656 to €119,927
- Tangible fixed assets -€2,801
down €2,801 (-3.2%), from €86,434 to €83,633
of which Other tangible fixed assets: -€2,940
- Debts after one year +€28,592
up €28,592 (+84.6%), from €33,814 to €62,406
- Reserves +€25,700
up €25,700 (+1,385%), from €1,855 to €27,555
of which Distributable reserves: +€25,700
- Short-term financial debts +€9,520
up €9,520, from €0 to €9,520
- Accrued charges and deferred income -€4,929
down €4,929 (-86.3%), from €5,714 to €785
- Current portion of long-term debt -€3,797
down €3,797 (-29.0%), from €13,103 to €9,306
- Turnover -€159,260
no longer reported in 2025 (was €159,260)
- Purchases and services -€142,525
no longer reported in 2025 (was €142,525)
- Financial income +€7,650
up €7,650 (+272%), from €2,810 to €10,460
- Gross operating margin +€5,574
up €5,574 (+19.1%), from €29,186 to €34,761
- Taxes +€2,595
up €2,595 (+36.0%), from €7,214 to €9,808
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 | €165,777 | €222,396 | +€56,619 | +34.2% |
| Fixed assets | 21/28 | €146,090 | €203,560 | +€57,470 | +39.3% |
| Tangible fixed assets | 22/27 | €86,434 | €83,633 | -€2,801 | -3.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,034 | €8,173 | +€139 | +1.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €78,400 | €75,460 | -€2,940 | -3.8% |
| Financial fixed assets | 28 | €59,656 | €119,927 | +€60,271 | +101% |
| Current assets | 29/58 | €19,687 | €18,836 | -€851 | -4.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,661 | €18,828 | -€833 | -4.2% |
| Deferred charges and accrued income | 490/1 | €26 | €8 | -€19 | -70.4% |
| Total equity and liabilities | 10/49 | €165,777 | €222,396 | +€56,619 | +34.2% |
| Equity | 10/15 | €92,162 | €117,875 | +€25,714 | +27.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €0 | -€18,550 | -100% |
| Issued capital | 100 | €18,550 | €0 | -€18,550 | -100% |
| Contributions outside capital | 11 | - | €18,550 | +€18,550 | |
| Other | 1109/19 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €1,855 | €27,555 | +€25,700 | +1,385% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €25,700 | +€25,700 | |
| Profit (loss) carried forward | 14 | €71,757 | €71,770 | +€14 | 0.0% |
| Amounts payable | 17/49 | €73,615 | €104,520 | +€30,905 | +42.0% |
| Amounts payable after more than one year | 17 | €33,814 | €62,406 | +€28,592 | +84.6% |
| Financial debts | 170/4 | €33,814 | €62,406 | +€28,592 | +84.6% |
| Amounts payable within one year | 42/48 | €34,087 | €41,330 | +€7,242 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €13,103 | €9,306 | -€3,797 | -29.0% |
| Financial debts | 43 | €0 | €9,520 | +€9,520 | |
| Credit institutions | 430/8 | €0 | €9,520 | +€9,520 | |
| Trade debts | 44 | €4,317 | €4,381 | +€64 | +1.5% |
| Suppliers | 440/4 | €4,317 | €4,381 | +€64 | +1.5% |
| Taxes, remuneration and social security | 45 | €7,565 | €9,232 | +€1,666 | +22.0% |
| Taxes | 450/3 | €6,958 | €9,232 | +€2,274 | +32.7% |
| Remuneration and social security | 454/9 | €607 | €0 | -€607 | -100% |
| Other amounts payable | 47/48 | €9,102 | €8,892 | -€210 | -2.3% |
| Accrued charges and deferred income | 492/3 | €5,714 | €785 | -€4,929 | -86.3% |
| Turnover | 70 | €159,260 | - | -€159,260 | |
| Goods, raw materials, services and sundry goods | 60/61 | €142,525 | - | -€142,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,456 | €4,651 | +€1,195 | +34.6% |
| Other operating charges | 640/8 | €1,594 | €1,645 | +€51 | +3.2% |
| Gross operating margin | 9900 | €29,186 | €34,761 | +€5,574 | +19.1% |
| Operating profit (loss) | 9901 | €24,136 | €28,465 | +€4,328 | +17.9% |
| Financial income | 75/76B | €2,810 | €10,460 | +€7,650 | +272% |
| Recurring financial income | 75 | €2,810 | €10,460 | +€7,650 | +272% |
| Financial charges | 65/66B | €3,479 | €3,403 | -€76 | -2.2% |
| Recurring financial charges | 65 | €3,479 | €3,403 | -€76 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €23,467 | €35,522 | +€12,055 | +51.4% |
| Income taxes | 67/77 | €7,214 | €9,808 | +€2,595 | +36.0% |
| Profit (loss) for the period | 9904 | €16,253 | €25,714 | +€9,461 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,253 | €25,714 | +€9,461 | +58.2% |
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 14 October 2026 via checked.be.