RIVAGE 84: 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 84
Largest movements
- Tangible fixed assets -€62,692
down €62,692 (-32.2%), from €194,928 to €132,236
of which Other tangible fixed assets: -€54,692
- Receivables within one year +€7,238
new in 2025: €7,238
- Cash +€5,092
up €5,092 (+38.6%), from €13,205 to €18,297
mainly Depreciation (+€65,470) and Net result for the year (+€22,304)
- Debts after one year -€38,052
down €38,052 (-16.4%), from €232,343 to €194,291
- Other debts -€36,064
down €36,064 (-69.0%), from €52,300 to €16,237
- Profit (loss) carried forward +€22,304
up €22,304 (+13.8%), from -€162,147 to -€139,842
- Other operating charges -€1,445
down €1,445 (-78.3%), from €1,845 to €400
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 | €208,133 | €157,771 | -€50,362 | -24.2% |
| Fixed assets | 21/28 | €194,928 | €132,236 | -€62,692 | -32.2% |
| Tangible fixed assets | 22/27 | €194,928 | €132,236 | -€62,692 | -32.2% |
| Land and buildings | 22 | €92,667 | €84,667 | -€8,000 | -8.6% |
| Other tangible fixed assets | 26 | €102,261 | €47,569 | -€54,692 | -53.5% |
| Current assets | 29/58 | €13,205 | €25,535 | +€12,330 | +93.4% |
| Amounts receivable within one year | 40/41 | - | €7,238 | +€7,238 | |
| Other amounts receivable | 41 | - | €7,238 | +€7,238 | |
| Cash at bank and in hand | 54/58 | €13,205 | €18,297 | +€5,092 | +38.6% |
| Total equity and liabilities | 10/49 | €208,133 | €157,771 | -€50,362 | -24.2% |
| Equity | 10/15 | -€112,147 | -€89,842 | +€22,304 | +19.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,147 | -€139,842 | +€22,304 | +13.8% |
| Amounts payable | 17/49 | €320,280 | €247,613 | -€72,667 | -22.7% |
| Amounts payable after more than one year | 17 | €232,343 | €194,291 | -€38,052 | -16.4% |
| Financial debts | 170/4 | €232,343 | €194,291 | -€38,052 | -16.4% |
| Amounts payable within one year | 42/48 | €87,936 | €53,322 | -€34,615 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €35,636 | €37,085 | +€1,449 | +4.1% |
| Other amounts payable | 47/48 | €52,300 | €16,237 | -€36,064 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,406 | €65,470 | +€64 | +0.1% |
| Other operating charges | 640/8 | €1,845 | €400 | -€1,445 | -78.3% |
| Gross operating margin | 9900 | €91,434 | €91,602 | +€168 | +0.2% |
| Operating profit (loss) | 9901 | €24,183 | €25,733 | +€1,549 | +6.4% |
| Financial charges | 65/66B | €3,910 | €3,428 | -€482 | -12.3% |
| Recurring financial charges | 65 | €3,910 | €3,428 | -€482 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €20,273 | €22,304 | +€2,031 | +10.0% |
| Profit (loss) for the period | 9904 | €20,273 | €22,304 | +€2,031 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,273 | €22,304 | +€2,031 | +10.0% |
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 24 October 2026 via checked.be.