RIVALAW: 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.
RIVALAW
Largest movements
- Cash -€83,164
down €83,164 (-69.2%), from €120,166 to €37,002
mainly Other debts (-€113,954) and Trade debts (-€59,190)
- Receivables within one year -€48,651
down €48,651 (-32.2%), from €151,109 to €102,459
of which Trade receivables: -€49,546
- Tangible fixed assets -€8,582
down €8,582 (-70.0%), from €12,257 to €3,675
of which Furniture and vehicles: -€9,232
- Other debts -€113,954
down €113,954 (-55.4%), from €205,755 to €91,801
- Trade debts -€59,190
down €59,190 (-68.6%), from €86,337 to €27,146
- Profit (loss) carried forward +€16,996
up €16,996 (+12.6%), from -€135,261 to -€118,265
- Tax, wage and social debts +€14,423
up €14,423 (+38.3%), from €37,620 to €52,044
of which Taxes: +€17,917
- Current portion of long-term debt +€3,166
up €3,166 (+20.6%), from €15,354 to €18,520
- Gross operating margin +€8,955
up €8,955 (+9.0%), from €99,500 to €108,455
- Other operating charges -€5,316
down €5,316 (-48.4%), from €10,994 to €5,678
- Depreciation -€4,257
down €4,257 (-29.0%), from €14,693 to €10,436
- Financial charges +€2,680
up €2,680 (+94.0%), from €2,852 to €5,532
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 | €288,361 | €149,802 | -€138,559 | -48.1% |
| Formation expenses | 20 | €806 | €537 | -€269 | -33.3% |
| Fixed assets | 21/28 | €12,417 | €3,835 | -€8,582 | -69.1% |
| Tangible fixed assets | 22/27 | €12,257 | €3,675 | -€8,582 | -70.0% |
| Furniture and vehicles | 24 | €10,890 | €1,658 | -€9,232 | -84.8% |
| Other tangible fixed assets | 26 | €1,367 | €2,016 | +€649 | +47.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €275,139 | €145,430 | -€129,708 | -47.1% |
| Amounts receivable within one year | 40/41 | €151,109 | €102,459 | -€48,651 | -32.2% |
| Trade receivables | 40 | €151,109 | €101,563 | -€49,546 | -32.8% |
| Other amounts receivable | 41 | - | €896 | +€896 | |
| Cash at bank and in hand | 54/58 | €120,166 | €37,002 | -€83,164 | -69.2% |
| Deferred charges and accrued income | 490/1 | €3,864 | €5,970 | +€2,106 | +54.5% |
| Total equity and liabilities | 10/49 | €288,361 | €149,802 | -€138,559 | -48.1% |
| Equity | 10/15 | -€56,704 | -€39,709 | +€16,996 | +30.0% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €70,500 | €70,500 | = | 0.0% |
| Distributable reserves | 133 | €70,500 | €70,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,261 | -€118,265 | +€16,996 | +12.6% |
| Amounts payable | 17/49 | €345,066 | €189,511 | -€155,555 | -45.1% |
| Amounts payable within one year | 42/48 | €345,066 | €189,511 | -€155,555 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €15,354 | €18,520 | +€3,166 | +20.6% |
| Trade debts | 44 | €86,337 | €27,146 | -€59,190 | -68.6% |
| Suppliers | 440/4 | €86,337 | €27,146 | -€59,190 | -68.6% |
| Taxes, remuneration and social security | 45 | €37,620 | €52,044 | +€14,423 | +38.3% |
| Taxes | 450/3 | €22,983 | €40,900 | +€17,917 | +78.0% |
| Remuneration and social security | 454/9 | €14,637 | €11,143 | -€3,494 | -23.9% |
| Other amounts payable | 47/48 | €205,755 | €91,801 | -€113,954 | -55.4% |
| Remuneration, social security and pensions | 62 | €70,732 | €69,852 | -€880 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,693 | €10,436 | -€4,257 | -29.0% |
| Other operating charges | 640/8 | €10,994 | €5,678 | -€5,316 | -48.4% |
| Gross operating margin | 9900 | €99,500 | €108,455 | +€8,955 | +9.0% |
| Operating profit (loss) | 9901 | €3,081 | €22,489 | +€19,408 | +629.9% |
| Financial income | 75/76B | €293 | €245 | -€48 | -16.3% |
| Recurring financial income | 75 | €293 | €245 | -€48 | -16.3% |
| Financial charges | 65/66B | €2,852 | €5,532 | +€2,680 | +94.0% |
| Recurring financial charges | 65 | €2,852 | €5,532 | +€2,680 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €522 | €17,201 | +€16,679 | +3194.9% |
| Income taxes | 67/77 | €160 | €206 | +€46 | +28.5% |
| Profit (loss) for the period | 9904 | €362 | €16,996 | +€16,634 | +4596.9% |
| Profit (loss) for the period to be appropriated | 9905 | €362 | €16,996 | +€16,634 | +4596.9% |
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 29 September 2026 via checked.be.