RIVE GAUCHE VS: 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 VS
Largest movements
- Tangible fixed assets +€114,259
up €114,259 (+72.5%), from €157,610 to €271,869
of which Land and buildings: +€131,228
- Cash -€53,853
down €53,853 (-70.6%), from €76,329 to €22,476
mainly Investment in fixed assets (net) (-€156,144) and Receivables within one year (-€20,619)
- Receivables within one year +€20,619
up €20,619 (+42.5%), from €48,507 to €69,126
of which Trade receivables: +€27,874
- Intangible fixed assets +€10,873
up €10,873 (+293%), from €3,713 to €14,586
- Debts after one year +€88,370
up €88,370 (+215%), from €41,025 to €129,395
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Current portion of long-term debt +€8,760
up €8,760 (+36.0%), from €24,360 to €33,120
- Reserves +€7,000
up €7,000 (+4.4%), from €159,302 to €166,302
- Trade debts +€6,151
up €6,151 (+53.9%), from €11,416 to €17,567
of which Suppliers: +€6,041
- Staff costs +€9,783
up €9,783 (+7.9%), from €123,737 to €133,520
- Taxes -€6,739
down €6,739 (-66.2%), from €10,177 to €3,438
- Financial income -€4,636
down €4,636 (-88.8%), from €5,223 to €587
- Depreciation +€3,962
up €3,962 (+14.6%), from €27,050 to €31,012
- Other operating charges +€2,592
up €2,592 (+374%), from €693 to €3,285
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 | €286,159 | €379,596 | +€93,437 | +32.7% |
| Fixed assets | 21/28 | €161,323 | €286,455 | +€125,132 | +77.6% |
| Intangible fixed assets | 21 | €3,713 | €14,586 | +€10,873 | +293% |
| Tangible fixed assets | 22/27 | €157,610 | €271,869 | +€114,259 | +72.5% |
| Land and buildings | 22 | €105,828 | €237,056 | +€131,228 | +124% |
| Plant, machinery and equipment | 23 | €9,637 | €4,081 | -€5,556 | -57.7% |
| Furniture and vehicles | 24 | €42,145 | €30,732 | -€11,413 | -27.1% |
| Current assets | 29/58 | €124,836 | €93,141 | -€31,695 | -25.4% |
| Amounts receivable within one year | 40/41 | €48,507 | €69,126 | +€20,619 | +42.5% |
| Trade receivables | 40 | €19,857 | €47,731 | +€27,874 | +140% |
| Other amounts receivable | 41 | €28,650 | €21,395 | -€7,255 | -25.3% |
| Cash at bank and in hand | 54/58 | €76,329 | €22,476 | -€53,853 | -70.6% |
| Deferred charges and accrued income | 490/1 | - | €1,539 | +€1,539 | |
| Total equity and liabilities | 10/49 | €286,159 | €379,596 | +€93,437 | +32.7% |
| Equity | 10/15 | €162,878 | €170,032 | +€7,154 | +4.4% |
| Contributions | 10/11 | €2,014 | €2,014 | = | 0.0% |
| Reserves | 13 | €159,302 | €166,302 | +€7,000 | +4.4% |
| Distributable reserves | 133 | €159,302 | €166,302 | +€7,000 | +4.4% |
| Profit (loss) carried forward | 14 | €1,562 | €1,716 | +€154 | +9.9% |
| Amounts payable | 17/49 | €123,281 | €209,564 | +€86,283 | +70.0% |
| Amounts payable after more than one year | 17 | €41,025 | €129,395 | +€88,370 | +215% |
| Financial debts | 170/4 | €41,025 | €129,395 | +€88,370 | +215% |
| Amounts payable within one year | 42/48 | €82,231 | €80,169 | -€2,062 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €24,360 | €33,120 | +€8,760 | +36.0% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €11,416 | €17,567 | +€6,151 | +53.9% |
| Suppliers | 440/4 | €11,416 | €17,457 | +€6,041 | +52.9% |
| Bills of exchange payable | 441 | - | €110 | +€110 | |
| Taxes, remuneration and social security | 45 | €16,555 | €19,397 | +€2,842 | +17.2% |
| Taxes | 450/3 | €4,920 | €4,450 | -€470 | -9.6% |
| Remuneration and social security | 454/9 | €11,635 | €14,947 | +€3,312 | +28.5% |
| Other amounts payable | 47/48 | €14,900 | €10,085 | -€4,815 | -32.3% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Remuneration, social security and pensions | 62 | €123,737 | €133,520 | +€9,783 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,050 | €31,012 | +€3,962 | +14.6% |
| Other operating charges | 640/8 | €693 | €3,285 | +€2,592 | +374% |
| Gross operating margin | 9900 | €184,219 | €183,915 | -€304 | -0.2% |
| Operating profit (loss) | 9901 | €32,739 | €16,098 | -€16,641 | -50.8% |
| Financial income | 75/76B | €5,223 | €587 | -€4,636 | -88.8% |
| Recurring financial income | 75 | €5,223 | €587 | -€4,636 | -88.8% |
| Financial charges | 65/66B | €4,541 | €6,093 | +€1,552 | +34.2% |
| Recurring financial charges | 65 | €4,541 | €6,093 | +€1,552 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €33,421 | €10,592 | -€22,829 | -68.3% |
| Income taxes | 67/77 | €10,177 | €3,438 | -€6,739 | -66.2% |
| Profit (loss) for the period | 9904 | €23,244 | €7,154 | -€16,090 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,244 | €7,154 | -€16,090 | -69.2% |
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 18 October 2026 via checked.be.