Rivaro Consultancy: 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.
Rivaro Consultancy
Largest movements
- Tangible fixed assets -€25,854
down €25,854 (-27.9%), from €92,717 to €66,862
of which Furniture and vehicles: -€18,115
- Receivables within one year +€5,566
up €5,566 (+13.1%), from €42,606 to €48,172
of which Trade receivables: +€48,172
- Current investments +€3,847
up €3,847 (+44.4%), from €8,661 to €12,508
- Reserves -€48,500
down €48,500 (-27.8%), from €174,550 to €126,050
- Other debts +€20,450
new in 2025: €20,450
- Tax, wage and social debts +€14,920
up €14,920 (+124%), from €12,014 to €26,934
of which Taxes: +€14,902
- Gross operating margin +€24,770
up €24,770 (+33.6%), from €73,711 to €98,481
- Taxes +€6,045
up €6,045 (+32.2%), from €18,752 to €24,797
- Financial income -€4,755
down €4,755 (-45.8%), from €10,378 to €5,623
- Financial charges -€1,419
down €1,419 (-69.5%), from €2,041 to €622
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 | €198,929 | €183,826 | -€15,102 | -7.6% |
| Fixed assets | 21/28 | €124,717 | €98,862 | -€25,854 | -20.7% |
| Tangible fixed assets | 22/27 | €92,717 | €66,862 | -€25,854 | -27.9% |
| Land and buildings | 22 | €1,653 | €1,409 | -€244 | -14.7% |
| Plant, machinery and equipment | 23 | €5,097 | €2,897 | -€2,200 | -43.2% |
| Furniture and vehicles | 24 | €38,714 | €20,599 | -€18,115 | -46.8% |
| Other tangible fixed assets | 26 | €47,253 | €41,957 | -€5,295 | -11.2% |
| Financial fixed assets | 28 | €32,000 | €32,000 | = | 0.0% |
| Current assets | 29/58 | €74,212 | €84,964 | +€10,752 | +14.5% |
| Amounts receivable within one year | 40/41 | €42,606 | €48,172 | +€5,566 | +13.1% |
| Trade receivables | 40 | - | €48,172 | +€48,172 | |
| Other amounts receivable | 41 | €42,606 | - | -€42,606 | |
| Current investments | 50/53 | €8,661 | €12,508 | +€3,847 | +44.4% |
| Cash at bank and in hand | 54/58 | €22,945 | €24,284 | +€1,339 | +5.8% |
| Total equity and liabilities | 10/49 | €198,929 | €183,826 | -€15,102 | -7.6% |
| Equity | 10/15 | €183,425 | €134,940 | -€48,485 | -26.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €174,550 | €126,050 | -€48,500 | -27.8% |
| Distributable reserves | 133 | €174,550 | €126,050 | -€48,500 | -27.8% |
| Profit (loss) carried forward | 14 | €815 | €830 | +€15 | +1.8% |
| Amounts payable | 17/49 | €15,504 | €48,887 | +€33,383 | +215% |
| Amounts payable within one year | 42/48 | €15,504 | €48,887 | +€33,383 | +215% |
| Trade debts | 44 | €3,489 | €1,502 | -€1,987 | -57.0% |
| Suppliers | 440/4 | €3,489 | €1,502 | -€1,987 | -57.0% |
| Taxes, remuneration and social security | 45 | €12,014 | €26,934 | +€14,920 | +124% |
| Taxes | 450/3 | €9,034 | €23,936 | +€14,902 | +165% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | - | €20,450 | +€20,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,596 | €26,854 | -€742 | -2.7% |
| Other operating charges | 640/8 | €1,314 | €916 | -€398 | -30.3% |
| Gross operating margin | 9900 | €73,711 | €98,481 | +€24,770 | +33.6% |
| Operating profit (loss) | 9901 | €44,801 | €70,710 | +€25,909 | +57.8% |
| Financial income | 75/76B | €10,378 | €5,623 | -€4,755 | -45.8% |
| Recurring financial income | 75 | €10,378 | €5,623 | -€4,755 | -45.8% |
| Financial charges | 65/66B | €2,041 | €622 | -€1,419 | -69.5% |
| Recurring financial charges | 65 | €2,041 | €622 | -€1,419 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €53,138 | €75,712 | +€22,574 | +42.5% |
| Income taxes | 67/77 | €18,752 | €24,797 | +€6,045 | +32.2% |
| Profit (loss) for the period | 9904 | €34,386 | €50,915 | +€16,529 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,386 | €50,915 | +€16,529 | +48.1% |
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 20 October 2026 via checked.be.