RIVEN: 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.
RIVEN
Largest movements
- Stocks and contracts -€260,000
no longer reported in 2025 (was €260,000)
- Tangible fixed assets +€251,406
up €251,406 (+49.5%), from €507,943 to €759,350
of which Land and buildings: +€255,902
- Current investments +€67,744
up €67,744 (+67.5%), from €100,407 to €168,151
- Other debts +€91,148
up €91,148 (+1,772%), from €5,143 to €96,292
- Reserves -€65,154
down €65,154 (-26.3%), from €248,052 to €182,898
- Tax, wage and social debts +€37,080
up €37,080 (+139%), from €26,690 to €63,771
- Debts after one year -€11,178
down €11,178 (-1.6%), from €693,019 to €681,841
of which Financial debts: -€9,558
- Financial charges +€67,877
up €67,877 (+408%), from €16,637 to €84,514
- Gross operating margin +€59,093
up €59,093 (+48.4%), from €122,060 to €181,153
- Depreciation +€23,010
up €23,010 (+417%), from €5,514 to €28,524
- Other operating charges -€15,886
down €15,886 (-76.8%), from €20,673 to €4,787
- Taxes +€8,030
up €8,030 (+43.1%), from €18,634 to €26,664
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 | €1,001,791 | €1,059,334 | +€57,543 | +5.7% |
| Fixed assets | 21/28 | €507,943 | €759,350 | +€251,406 | +49.5% |
| Tangible fixed assets | 22/27 | €507,943 | €759,350 | +€251,406 | +49.5% |
| Land and buildings | 22 | €499,328 | €755,230 | +€255,902 | +51.2% |
| Plant, machinery and equipment | 23 | €1,856 | €561 | -€1,296 | -69.8% |
| Furniture and vehicles | 24 | €6,759 | €3,559 | -€3,200 | -47.3% |
| Current assets | 29/58 | €493,848 | €299,984 | -€193,864 | -39.3% |
| Stocks and contracts in progress | 3 | €260,000 | - | -€260,000 | |
| Stocks | 30/36 | €260,000 | - | -€260,000 | |
| Amounts receivable within one year | 40/41 | €88,645 | €85,913 | -€2,732 | -3.1% |
| Trade receivables | 40 | €5,399 | €16,476 | +€11,077 | +205% |
| Other amounts receivable | 41 | €83,246 | €69,438 | -€13,809 | -16.6% |
| Current investments | 50/53 | €100,407 | €168,151 | +€67,744 | +67.5% |
| Cash at bank and in hand | 54/58 | €44,795 | €45,516 | +€720 | +1.6% |
| Deferred charges and accrued income | 490/1 | - | €404 | +€404 | |
| Total equity and liabilities | 10/49 | €1,001,791 | €1,059,334 | +€57,543 | +5.7% |
| Equity | 10/15 | €249,052 | €183,898 | -€65,154 | -26.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €248,052 | €182,898 | -€65,154 | -26.3% |
| Distributable reserves | 133 | €248,052 | €182,898 | -€65,154 | -26.3% |
| Amounts payable | 17/49 | €752,739 | €875,436 | +€122,696 | +16.3% |
| Amounts payable after more than one year | 17 | €693,019 | €681,841 | -€11,178 | -1.6% |
| Financial debts | 170/4 | €691,399 | €681,841 | -€9,558 | -1.4% |
| Other amounts payable | 178/9 | €1,620 | - | -€1,620 | |
| Amounts payable within one year | 42/48 | €58,220 | €189,500 | +€131,280 | +225% |
| Current portion of amounts payable after more than one year | 42 | €26,065 | €27,005 | +€940 | +3.6% |
| Trade debts | 44 | €322 | €833 | +€511 | +159% |
| Suppliers | 440/4 | €322 | €833 | +€511 | +159% |
| Advances received on contracts in progress | 46 | - | €1,600 | +€1,600 | |
| Taxes, remuneration and social security | 45 | €26,690 | €63,771 | +€37,080 | +139% |
| Taxes | 450/3 | €26,690 | €63,771 | +€37,080 | +139% |
| Other amounts payable | 47/48 | €5,143 | €96,292 | +€91,148 | +1,772% |
| Accrued charges and deferred income | 492/3 | €1,500 | €4,094 | +€2,593 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €28,524 | +€23,010 | +417% |
| Other operating charges | 640/8 | €20,673 | €4,787 | -€15,886 | -76.8% |
| Gross operating margin | 9900 | €122,060 | €181,153 | +€59,093 | +48.4% |
| Operating profit (loss) | 9901 | €95,873 | €147,842 | +€51,969 | +54.2% |
| Financial income | 75/76B | €4,552 | €2,873 | -€1,679 | -36.9% |
| Recurring financial income | 75 | €4,552 | €2,873 | -€1,679 | -36.9% |
| Financial charges | 65/66B | €16,637 | €84,514 | +€67,877 | +408% |
| Recurring financial charges | 65 | €16,637 | €84,514 | +€67,877 | +408% |
| Profit (loss) for the period before taxes | 9903 | €83,788 | €66,201 | -€17,587 | -21.0% |
| Income taxes | 67/77 | €18,634 | €26,664 | +€8,030 | +43.1% |
| Profit (loss) for the period | 9904 | €65,154 | €39,537 | -€25,617 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,154 | €39,537 | -€25,617 | -39.3% |
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 31 October 2026 via checked.be.