RIVELINE: 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.
RIVELINE
Largest movements
- Receivables within one year -€95,756
down €95,756 (-100.0%), from €95,765 to €9
of which Trade receivables: -€95,756
- Cash +€9,849
new in 2024: €9,849
mainly Receivables within one year (+€95,756) and Net result for the year (+€3,086)
- Tangible fixed assets +€2,981
up €2,981 (+338%), from €882 to €3,862
of which Plant, machinery and equipment: +€3,394
- Short-term financial debts -€79,134
no longer reported in 2024 (was €79,134)
- Tax, wage and social debts -€3,350
down €3,350 (-32.4%), from €10,337 to €6,987
of which Remuneration and social security: -€4,367
- Reserves +€3,000
new in 2024: €3,000
- Trade debts -€2,096
down €2,096 (-15.0%), from €13,994 to €11,898
- Accrued charges and deferred income -€1,432
down €1,432 (-98.6%), from €1,452 to €20
- Gross operating margin -€11,086
down €11,086 (-33.8%), from €32,833 to €21,746
- Staff costs -€9,052
down €9,052 (-34.3%), from €26,363 to €17,311
- Depreciation +€409
up €409 (+97.7%), from €418 to €827
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,359 | €36,432 | -€82,927 | -69.5% |
| Fixed assets | 21/28 | €3,712 | €6,692 | +€2,981 | +80.3% |
| Tangible fixed assets | 22/27 | €882 | €3,862 | +€2,981 | +338% |
| Plant, machinery and equipment | 23 | - | €3,394 | +€3,394 | |
| Furniture and vehicles | 24 | €882 | €468 | -€413 | -46.9% |
| Financial fixed assets | 28 | €2,830 | €2,830 | = | 0.0% |
| Current assets | 29/58 | €115,647 | €29,740 | -€85,907 | -74.3% |
| Stocks and contracts in progress | 3 | €19,836 | €19,836 | = | 0.0% |
| Stocks | 30/36 | €19,836 | €19,836 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,765 | €9 | -€95,756 | -100.0% |
| Trade receivables | 40 | €95,756 | - | -€95,756 | |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €9,849 | +€9,849 | |
| Deferred charges and accrued income | 490/1 | €46 | €46 | = | 0.0% |
| Total equity and liabilities | 10/49 | €119,359 | €36,432 | -€82,927 | -69.5% |
| Equity | 10/15 | €892 | €3,978 | +€3,086 | +346% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€9,108 | -€9,022 | +€86 | +0.9% |
| Provisions and deferred taxes | 16 | €976 | €976 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €976 | €976 | = | 0.0% |
| Other liabilities and charges | 164/5 | €976 | €976 | = | 0.0% |
| Amounts payable | 17/49 | €117,491 | €31,479 | -€86,012 | -73.2% |
| Amounts payable within one year | 42/48 | €116,039 | €31,459 | -€84,580 | -72.9% |
| Financial debts | 43 | €79,134 | - | -€79,134 | |
| Credit institutions | 430/8 | €79,134 | - | -€79,134 | |
| Trade debts | 44 | €13,994 | €11,898 | -€2,096 | -15.0% |
| Suppliers | 440/4 | €13,994 | €11,898 | -€2,096 | -15.0% |
| Taxes, remuneration and social security | 45 | €10,337 | €6,987 | -€3,350 | -32.4% |
| Taxes | 450/3 | €3,916 | €4,933 | +€1,017 | +26.0% |
| Remuneration and social security | 454/9 | €6,421 | €2,054 | -€4,367 | -68.0% |
| Other amounts payable | 47/48 | €12,575 | €12,575 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,452 | €20 | -€1,432 | -98.6% |
| Remuneration, social security and pensions | 62 | €26,363 | €17,311 | -€9,052 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €827 | +€409 | +97.7% |
| Other operating charges | 640/8 | €80 | €82 | +€2 | +2.5% |
| Gross operating margin | 9900 | €32,833 | €21,746 | -€11,086 | -33.8% |
| Operating profit (loss) | 9901 | €5,972 | €3,526 | -€2,445 | -41.0% |
| Financial charges | 65/66B | €43 | €140 | +€97 | +225% |
| Recurring financial charges | 65 | €43 | €140 | +€97 | +225% |
| Profit (loss) for the period before taxes | 9903 | €5,928 | €3,386 | -€2,542 | -42.9% |
| Income taxes | 67/77 | - | €300 | +€300 | |
| Profit (loss) for the period | 9904 | €5,928 | €3,086 | -€2,842 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,928 | €3,086 | -€2,842 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.