RIVELLO: what changed
Two fiscal 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.
RIVELLO
Largest movements
- Cash -€83,410
down €83,410 (-62.5%), from €133,390 to €49,980
mainly Contributions, distributions and other (-€104,000) and Investment in fixed assets (net) (-€6,422)
- Intangible fixed assets -€6,369
down €6,369 (-34.7%), from €18,356 to €11,987
- Tangible fixed assets +€3,741
up €3,741 (+87.2%), from €4,289 to €8,030
- Receivables within one year +€2,336
up €2,336 (+15.7%), from €14,901 to €17,237
of which Other amounts receivable: +€1,719
- Profit (loss) carried forward -€87,776
down €87,776 (-80.5%), from €109,100 to €21,324
- Tax, wage and social debts +€3,431
up €3,431 (+51.9%), from €6,617 to €10,048
of which Taxes: +€3,431
- Gross operating margin -€9,403
down €9,403 (-23.7%), from €39,666 to €30,262
- Depreciation +€6,607
up €6,607 (+270.4%), from €2,443 to €9,050
- Taxes -€3,262
down €3,262 (-43.2%), from €7,554 to €4,293
- Other operating charges +€400
new in 2025: €400
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.
Cash bridge derived
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 | €171,371 | €87,670 | -€83,701 | -48.8% |
| Fixed assets | 21/28 | €22,675 | €20,047 | -€2,627 | -11.6% |
| Intangible fixed assets | 21 | €18,356 | €11,987 | -€6,369 | -34.7% |
| Tangible fixed assets | 22/27 | €4,289 | €8,030 | +€3,741 | +87.2% |
| Furniture and vehicles | 24 | €4,289 | €8,030 | +€3,741 | +87.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €148,696 | €67,622 | -€81,074 | -54.5% |
| Amounts receivable within one year | 40/41 | €14,901 | €17,237 | +€2,336 | +15.7% |
| Trade receivables | 40 | €14,901 | €15,518 | +€617 | +4.1% |
| Other amounts receivable | 41 | - | €1,719 | +€1,719 | |
| Cash at bank and in hand | 54/58 | €133,390 | €49,980 | -€83,410 | -62.5% |
| Deferred charges and accrued income | 490/1 | €406 | €406 | = | 0.0% |
| Total equity and liabilities | 10/49 | €171,371 | €87,670 | -€83,701 | -48.8% |
| Equity | 10/15 | €127,700 | €39,924 | -€87,776 | -68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,100 | €21,324 | -€87,776 | -80.5% |
| Amounts payable | 17/49 | €43,671 | €47,745 | +€4,074 | +9.3% |
| Amounts payable within one year | 42/48 | €43,671 | €47,745 | +€4,074 | +9.3% |
| Trade debts | 44 | €1,106 | €779 | -€327 | -29.6% |
| Suppliers | 440/4 | €1,106 | €779 | -€327 | -29.6% |
| Taxes, remuneration and social security | 45 | €6,617 | €10,048 | +€3,431 | +51.9% |
| Taxes | 450/3 | €4,413 | €7,844 | +€3,431 | +77.7% |
| Remuneration and social security | 454/9 | €2,204 | €2,204 | = | 0.0% |
| Other amounts payable | 47/48 | €35,949 | €36,919 | +€970 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,443 | €9,050 | +€6,607 | +270.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €39,666 | €30,262 | -€9,403 | -23.7% |
| Operating profit (loss) | 9901 | €37,222 | €20,813 | -€16,409 | -44.1% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €222 | €308 | +€86 | +38.5% |
| Recurring financial charges | 65 | €222 | €308 | +€86 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €37,000 | €20,517 | -€16,483 | -44.5% |
| Income taxes | 67/77 | €7,554 | €4,293 | -€3,262 | -43.2% |
| Profit (loss) for the period | 9904 | €29,446 | €16,224 | -€13,222 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,446 | €16,224 | -€13,222 | -44.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.