RIVALI: 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.
RIVALI
Largest movements
- Stocks and contracts -€120,288
down €120,288 (-25.3%), from €474,796 to €354,508
- Cash +€57,341
up €57,341 (+18260.4%), from €314 to €57,655
mainly Stocks and contracts (+€120,288) and Net result for the year (+€45,895)
- Tangible fixed assets -€17,857
down €17,857 (-43.2%), from €41,374 to €23,517
of which Furniture and vehicles: -€10,219
- Receivables within one year -€8,124
down €8,124 (-33.8%), from €24,036 to €15,912
of which Trade receivables: -€6,719
- Intangible fixed assets +€6,627
up €6,627 (+230.9%), from €2,870 to €9,497
- Other debts -€78,744
down €78,744 (-53.0%), from €148,516 to €69,772
- Trade debts -€41,930
down €41,930 (-77.6%), from €54,059 to €12,130
- Reserves +€37,890
up €37,890 (+21.2%), from €178,828 to €216,718
of which Distributable reserves: +€37,890
- Gross operating margin +€41,620
up €41,620 (+23.0%), from €180,641 to €222,261
- Taxes +€11,909
up €11,909 (+196.2%), from €6,071 to €17,980
- Staff costs +€2,782
up €2,782 (+2.1%), from €130,394 to €133,176
- Depreciation -€2,397
down €2,397 (-8.8%), from €27,140 to €24,742
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 | €550,125 | €464,876 | -€85,249 | -15.5% |
| Fixed assets | 21/28 | €44,244 | €33,015 | -€11,230 | -25.4% |
| Intangible fixed assets | 21 | €2,870 | €9,497 | +€6,627 | +230.9% |
| Tangible fixed assets | 22/27 | €41,374 | €23,517 | -€17,857 | -43.2% |
| Plant, machinery and equipment | 23 | €17,040 | €9,402 | -€7,638 | -44.8% |
| Furniture and vehicles | 24 | €24,334 | €14,116 | -€10,219 | -42.0% |
| Current assets | 29/58 | €505,880 | €431,861 | -€74,019 | -14.6% |
| Stocks and contracts in progress | 3 | €474,796 | €354,508 | -€120,288 | -25.3% |
| Stocks | 30/36 | €474,796 | €354,508 | -€120,288 | -25.3% |
| Amounts receivable within one year | 40/41 | €24,036 | €15,912 | -€8,124 | -33.8% |
| Trade receivables | 40 | €13,408 | €6,689 | -€6,719 | -50.1% |
| Other amounts receivable | 41 | €10,628 | €9,223 | -€1,405 | -13.2% |
| Cash at bank and in hand | 54/58 | €314 | €57,655 | +€57,341 | +18260.4% |
| Deferred charges and accrued income | 490/1 | €6,734 | €3,785 | -€2,949 | -43.8% |
| Total equity and liabilities | 10/49 | €550,125 | €464,876 | -€85,249 | -15.5% |
| Equity | 10/15 | €309,918 | €352,013 | +€42,095 | +13.6% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €178,828 | €216,718 | +€37,890 | +21.2% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Tax-exempt reserves | 132 | €292 | €292 | = | 0.0% |
| Distributable reserves | 133 | €165,522 | €203,412 | +€37,890 | +22.9% |
| Profit (loss) carried forward | 14 | €946 | €5,151 | +€4,205 | +444.5% |
| Amounts payable | 17/49 | €240,207 | €112,862 | -€127,344 | -53.0% |
| Amounts payable within one year | 42/48 | €238,227 | €112,862 | -€125,364 | -52.6% |
| Financial debts | 43 | €181 | €359 | +€178 | +98.8% |
| Credit institutions | 430/8 | €181 | €359 | +€178 | +98.8% |
| Trade debts | 44 | €54,059 | €12,130 | -€41,930 | -77.6% |
| Suppliers | 440/4 | €54,059 | €12,130 | -€41,930 | -77.6% |
| Taxes, remuneration and social security | 45 | €35,471 | €30,601 | -€4,869 | -13.7% |
| Taxes | 450/3 | €17,834 | €13,853 | -€3,981 | -22.3% |
| Remuneration and social security | 454/9 | €17,637 | €16,748 | -€889 | -5.0% |
| Other amounts payable | 47/48 | €148,516 | €69,772 | -€78,744 | -53.0% |
| Accrued charges and deferred income | 492/3 | €1,980 | €0 | -€1,980 | -100.0% |
| Remuneration, social security and pensions | 62 | €130,394 | €133,176 | +€2,782 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,140 | €24,742 | -€2,397 | -8.8% |
| Other operating charges | 640/8 | €1,777 | €1,822 | +€45 | +2.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €180,641 | €222,261 | +€41,620 | +23.0% |
| Operating profit (loss) | 9901 | €21,330 | €62,520 | +€41,190 | +193.1% |
| Financial income | 75/76B | €14,093 | €13,428 | -€665 | -4.7% |
| Recurring financial income | 75 | €14,093 | €13,428 | -€665 | -4.7% |
| Financial charges | 65/66B | €12,585 | €12,073 | -€512 | -4.1% |
| Recurring financial charges | 65 | €12,585 | €12,073 | -€512 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €22,838 | €63,875 | +€41,037 | +179.7% |
| Income taxes | 67/77 | €6,071 | €17,980 | +€11,909 | +196.2% |
| Profit (loss) for the period | 9904 | €16,767 | €45,895 | +€29,128 | +173.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,767 | €45,895 | +€29,128 | +173.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.