RIVE GAUCHE: 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.
RIVE GAUCHE
Largest movements
- Tangible fixed assets -€27,442
down €27,442 (-6.2%), from €439,249 to €411,807
of which Land and buildings: -€26,513
- Cash -€13,195
down €13,195 (-35.4%), from €37,240 to €24,045
mainly Debts after one year (-€49,163) and Current investments (-€12,112)
- Current investments +€12,112
up €12,112 (+80.7%), from €15,018 to €27,130
- Debts after one year -€49,163
down €49,163 (-15.8%), from €310,877 to €261,714
- Reserves +€20,450
up €20,450 (+77.6%), from €26,342 to €46,792
- Trade debts +€12,169
up €12,169 (+56.6%), from €21,505 to €33,675
- Tax, wage and social debts -€7,401
down €7,401 (-25.2%), from €29,332 to €21,930
of which Remuneration and social security: -€4,878
- Current portion of long-term debt +€5,880
up €5,880 (+12.1%), from €48,788 to €54,667
- Gross operating margin +€31,221
up €31,221 (+15.1%), from €207,261 to €238,482
- Staff costs +€30,653
up €30,653 (+23.2%), from €131,890 to €162,544
- Depreciation -€9,968
down €9,968 (-23.9%), from €41,679 to €31,711
- Taxes +€5,502
up €5,502 (+212%), from €2,590 to €8,092
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 | €507,257 | €483,954 | -€23,303 | -4.6% |
| Fixed assets | 21/28 | €443,660 | €416,068 | -€27,592 | -6.2% |
| Intangible fixed assets | 21 | €736 | €586 | -€150 | -20.4% |
| Tangible fixed assets | 22/27 | €439,249 | €411,807 | -€27,442 | -6.2% |
| Land and buildings | 22 | €430,623 | €404,109 | -€26,513 | -6.2% |
| Plant, machinery and equipment | 23 | €6,830 | €6,018 | -€812 | -11.9% |
| Furniture and vehicles | 24 | €1,796 | €1,680 | -€116 | -6.5% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €63,598 | €67,886 | +€4,288 | +6.7% |
| Stocks and contracts in progress | 3 | €10,967 | €11,203 | +€236 | +2.2% |
| Stocks | 30/36 | €10,967 | €11,203 | +€236 | +2.2% |
| Amounts receivable within one year | 40/41 | €142 | €3,761 | +€3,620 | +2,558% |
| Trade receivables | 40 | - | €3,092 | +€3,092 | |
| Other amounts receivable | 41 | €142 | €669 | +€528 | +373% |
| Current investments | 50/53 | €15,018 | €27,130 | +€12,112 | +80.7% |
| Cash at bank and in hand | 54/58 | €37,240 | €24,045 | -€13,195 | -35.4% |
| Deferred charges and accrued income | 490/1 | €231 | €1,746 | +€1,515 | +655% |
| Total equity and liabilities | 10/49 | €507,257 | €483,954 | -€23,303 | -4.6% |
| Equity | 10/15 | €87,314 | €107,766 | +€20,452 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,342 | €46,792 | +€20,450 | +77.6% |
| Distributable reserves | 133 | €26,342 | €46,792 | +€20,450 | +77.6% |
| Profit (loss) carried forward | 14 | €54,773 | €54,775 | +€2 | 0.0% |
| Amounts payable | 17/49 | €419,943 | €376,188 | -€43,755 | -10.4% |
| Amounts payable after more than one year | 17 | €310,877 | €261,714 | -€49,163 | -15.8% |
| Financial debts | 170/4 | €310,877 | €261,714 | -€49,163 | -15.8% |
| Amounts payable within one year | 42/48 | €109,066 | €114,473 | +€5,408 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €48,788 | €54,667 | +€5,880 | +12.1% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €21,505 | €33,675 | +€12,169 | +56.6% |
| Suppliers | 440/4 | €21,505 | €33,675 | +€12,169 | +56.6% |
| Taxes, remuneration and social security | 45 | €29,332 | €21,930 | -€7,401 | -25.2% |
| Taxes | 450/3 | €15,554 | €13,030 | -€2,524 | -16.2% |
| Remuneration and social security | 454/9 | €13,778 | €8,900 | -€4,878 | -35.4% |
| Other amounts payable | 47/48 | €9,441 | €4,200 | -€5,241 | -55.5% |
| Remuneration, social security and pensions | 62 | €131,890 | €162,544 | +€30,653 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,679 | €31,711 | -€9,968 | -23.9% |
| Other operating charges | 640/8 | €5,567 | €5,356 | -€210 | -3.8% |
| Gross operating margin | 9900 | €207,261 | €238,482 | +€31,221 | +15.1% |
| Operating profit (loss) | 9901 | €28,125 | €38,871 | +€10,746 | +38.2% |
| Financial income | 75/76B | €142 | €206 | +€64 | +45.3% |
| Recurring financial income | 75 | €142 | €206 | +€64 | +45.3% |
| Financial charges | 65/66B | €11,993 | €10,534 | -€1,459 | -12.2% |
| Recurring financial charges | 65 | €11,993 | €10,534 | -€1,459 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €16,275 | €28,544 | +€12,269 | +75.4% |
| Income taxes | 67/77 | €2,590 | €8,092 | +€5,502 | +212% |
| Profit (loss) for the period | 9904 | €13,685 | €20,452 | +€6,767 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,685 | €20,452 | +€6,767 | +49.5% |
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 15 October 2026 via checked.be.