RIVEK: 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.
RIVEK
Largest movements
- Tangible fixed assets +€625,099
up €625,099 (+15.8%), from €4.0m to €4.6m
of which Land and buildings: +€661,164
- Cash -€104,410
down €104,410 (-32.5%), from €321,340 to €216,931
mainly Investment in fixed assets (net) (-€933,367) and Contributions, distributions and other (-€300,000)
- Debts after one year +€553,588
up €553,588 (+14.8%), from €3.7m to €4.3m
of which Financial debts: +€553,588
- Reserves -€260,225
down €260,225 (-38.1%), from €683,395 to €423,170
- Other debts +€182,768
up €182,768 (+5,712%), from €3,200 to €185,968
- Current portion of long-term debt +€111,436
up €111,436 (+77.6%), from €143,691 to €255,127
- Gross operating margin -€114,209
down €114,209 (-19.2%), from €595,821 to €481,612
- Financial charges +€40,635
up €40,635 (+67.6%), from €60,085 to €100,720
- Taxes -€27,905
down €27,905 (-53.2%), from €52,461 to €24,555
- Depreciation -€21,269
down €21,269 (-6.5%), from €329,537 to €308,268
- Other operating charges +€6,087
up €6,087 (+208%), from €2,921 to €9,008
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 | €4,782,227 | €5,281,788 | +€499,561 | +10.4% |
| Fixed assets | 21/28 | €3,951,478 | €4,576,577 | +€625,099 | +15.8% |
| Tangible fixed assets | 22/27 | €3,951,478 | €4,576,577 | +€625,099 | +15.8% |
| Land and buildings | 22 | €3,796,660 | €4,457,824 | +€661,164 | +17.4% |
| Furniture and vehicles | 24 | €154,818 | €118,753 | -€36,064 | -23.3% |
| Current assets | 29/58 | €830,749 | €705,211 | -€125,538 | -15.1% |
| Amounts receivable within one year | 40/41 | €474,565 | €475,536 | +€971 | +0.2% |
| Trade receivables | 40 | €447,026 | €342,482 | -€104,544 | -23.4% |
| Other amounts receivable | 41 | €27,539 | €133,054 | +€105,515 | +383% |
| Cash at bank and in hand | 54/58 | €321,340 | €216,931 | -€104,410 | -32.5% |
| Deferred charges and accrued income | 490/1 | €34,843 | €12,744 | -€22,099 | -63.4% |
| Total equity and liabilities | 10/49 | €4,782,227 | €5,281,788 | +€499,561 | +10.4% |
| Equity | 10/15 | €701,995 | €441,770 | -€260,225 | -37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €683,395 | €423,170 | -€260,225 | -38.1% |
| Distributable reserves | 133 | €683,395 | €423,170 | -€260,225 | -38.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,080,231 | €4,840,018 | +€759,786 | +18.6% |
| Amounts payable after more than one year | 17 | €3,730,488 | €4,284,075 | +€553,588 | +14.8% |
| Financial debts | 170/4 | €2,930,488 | €3,484,075 | +€553,588 | +18.9% |
| Other amounts payable | 178/9 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €348,937 | €552,253 | +€203,316 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €143,691 | €255,127 | +€111,436 | +77.6% |
| Trade debts | 44 | €85,003 | €46,900 | -€38,103 | -44.8% |
| Suppliers | 440/4 | €85,003 | €46,900 | -€38,103 | -44.8% |
| Taxes, remuneration and social security | 45 | €117,043 | €64,258 | -€52,784 | -45.1% |
| Taxes | 450/3 | €113,886 | €61,258 | -€52,628 | -46.2% |
| Remuneration and social security | 454/9 | €3,156 | €3,000 | -€157 | -5.0% |
| Other amounts payable | 47/48 | €3,200 | €185,968 | +€182,768 | +5,712% |
| Accrued charges and deferred income | 492/3 | €807 | €3,690 | +€2,883 | +357% |
| Non-recurring operating income | 76A | €17,371 | €0 | -€17,371 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,537 | €308,268 | -€21,269 | -6.5% |
| Other operating charges | 640/8 | €2,921 | €9,008 | +€6,087 | +208% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €595,821 | €481,612 | -€114,209 | -19.2% |
| Operating profit (loss) | 9901 | €263,363 | €164,336 | -€99,027 | -37.6% |
| Financial income | 75/76B | €709 | €714 | +€5 | +0.7% |
| Recurring financial income | 75 | €709 | €714 | +€5 | +0.7% |
| Financial charges | 65/66B | €60,085 | €100,720 | +€40,635 | +67.6% |
| Recurring financial charges | 65 | €60,085 | €100,720 | +€40,635 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €203,988 | €64,330 | -€139,657 | -68.5% |
| Income taxes | 67/77 | €52,461 | €24,555 | -€27,905 | -53.2% |
| Profit (loss) for the period | 9904 | €151,527 | €39,775 | -€111,752 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €151,527 | €39,775 | -€111,752 | -73.8% |
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 13 October 2026 via checked.be.