RIVANCO: 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.
RIVANCO
Largest movements
- Cash -€36,629
down €36,629 (-22.7%), from €161,479 to €124,850
mainly Current portion of long-term debt (-€92,018) and Investment in fixed assets (net) (-€86,177)
- Receivables within one year -€24,519
down €24,519 (-2.5%), from €965,918 to €941,399
of which Trade receivables: -€61,532
- Current portion of long-term debt -€92,018
down €92,018 (-17.2%), from €533,970 to €441,953
- Reserves +€55,387
up €55,387 (+7.0%), from €791,468 to €846,855
of which Distributable reserves: +€55,387
- Debts after one year -€35,084
down €35,084 (-18.9%), from €185,418 to €150,333
- Trade debts +€26,782
up €26,782 (+4.8%), from €559,875 to €586,658
- Gross operating margin +€140,676
up €140,676 (+15.9%), from €882,360 to €1.0m
- Financial income -€83,958
down €83,958 (-96.0%), from €87,448 to €3,490
of which Non-recurring financial income: -€81,090
- Staff costs +€61,030
up €61,030 (+8.9%), from €688,944 to €749,975
- Other operating charges -€40,537
down €40,537 (-41.9%), from €96,833 to €56,296
- Taxes +€30,866
up €30,866 (+1576.6%), from €1,958 to €32,824
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 | €2,397,364 | €2,334,656 | -€62,708 | -2.6% |
| Fixed assets | 21/28 | €1,057,394 | €1,046,224 | -€11,170 | -1.1% |
| Intangible fixed assets | 21 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Tangible fixed assets | 22/27 | €837,495 | €827,825 | -€9,670 | -1.2% |
| Land and buildings | 22 | €588,300 | €578,716 | -€9,584 | -1.6% |
| Plant, machinery and equipment | 23 | €130,273 | €116,535 | -€13,738 | -10.5% |
| Furniture and vehicles | 24 | €51,777 | €87,791 | +€36,014 | +69.6% |
| Leasing and similar rights | 25 | €67,144 | €44,783 | -€22,361 | -33.3% |
| Financial fixed assets | 28 | €215,399 | €215,399 | = | 0.0% |
| Current assets | 29/58 | €1,339,970 | €1,288,432 | -€51,538 | -3.8% |
| Stocks and contracts in progress | 3 | €205,799 | €203,211 | -€2,588 | -1.3% |
| Stocks | 30/36 | €205,799 | €203,211 | -€2,588 | -1.3% |
| Amounts receivable within one year | 40/41 | €965,918 | €941,399 | -€24,519 | -2.5% |
| Trade receivables | 40 | €536,208 | €474,676 | -€61,532 | -11.5% |
| Other amounts receivable | 41 | €429,710 | €466,722 | +€37,012 | +8.6% |
| Cash at bank and in hand | 54/58 | €161,479 | €124,850 | -€36,629 | -22.7% |
| Deferred charges and accrued income | 490/1 | €6,774 | €18,972 | +€12,198 | +180.1% |
| Total equity and liabilities | 10/49 | €2,397,364 | €2,334,656 | -€62,708 | -2.6% |
| Equity | 10/15 | €810,060 | €865,447 | +€55,387 | +6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €791,468 | €846,855 | +€55,387 | +7.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,239 | €16,239 | = | 0.0% |
| Distributable reserves | 133 | €773,370 | €828,757 | +€55,387 | +7.2% |
| Amounts payable | 17/49 | €1,587,304 | €1,469,209 | -€118,095 | -7.4% |
| Amounts payable after more than one year | 17 | €185,418 | €150,333 | -€35,084 | -18.9% |
| Financial debts | 170/4 | €185,418 | €150,333 | -€35,084 | -18.9% |
| Amounts payable within one year | 42/48 | €1,391,864 | €1,318,570 | -€73,294 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €533,970 | €441,953 | -€92,018 | -17.2% |
| Financial debts | 43 | €23,698 | - | -€23,698 | |
| Credit institutions | 430/8 | €23,698 | - | -€23,698 | |
| Trade debts | 44 | €559,875 | €586,658 | +€26,782 | +4.8% |
| Suppliers | 440/4 | €559,875 | €586,658 | +€26,782 | +4.8% |
| Taxes, remuneration and social security | 45 | €146,652 | €162,291 | +€15,640 | +10.7% |
| Taxes | 450/3 | €56,084 | €64,514 | +€8,430 | +15.0% |
| Remuneration and social security | 454/9 | €90,568 | €97,777 | +€7,209 | +8.0% |
| Other amounts payable | 47/48 | €127,669 | €127,669 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,023 | €306 | -€9,717 | -96.9% |
| Remuneration, social security and pensions | 62 | €688,944 | €749,975 | +€61,030 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,520 | €97,347 | +€3,827 | +4.1% |
| Other operating charges | 640/8 | €96,833 | €56,296 | -€40,537 | -41.9% |
| Non-recurring operating charges | 66A | €87,500 | - | -€87,500 | |
| Gross operating margin | 9900 | €882,360 | €1,023,037 | +€140,676 | +15.9% |
| Operating profit (loss) | 9901 | -€84,437 | €119,419 | +€203,856 | |
| Financial income | 75/76B | €87,448 | €3,490 | -€83,958 | -96.0% |
| Recurring financial income | 75 | €6,358 | €3,490 | -€2,868 | -45.1% |
| Non-recurring financial income | 76B | €81,090 | - | -€81,090 | |
| Financial charges | 65/66B | €28,569 | €34,697 | +€6,129 | +21.5% |
| Recurring financial charges | 65 | €28,569 | €34,697 | +€6,129 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,557 | €88,211 | +€113,769 | |
| Income taxes | 67/77 | €1,958 | €32,824 | +€30,866 | +1576.6% |
| Profit (loss) for the period | 9904 | -€27,515 | €55,387 | +€82,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,515 | €55,387 | +€82,903 |
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 9 October 2026 via checked.be.