RIVENDELL: 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.
RIVENDELL
Largest movements
- Receivables within one year -€53,505
down €53,505 (-80.3%), from €66,613 to €13,108
- Tangible fixed assets -€41,634
down €41,634 (-5.8%), from €716,322 to €674,688
of which Land and buildings: -€41,212
- Other debts -€65,335
down €65,335 (-77.9%), from €83,819 to €18,484
- Profit (loss) carried forward -€36,358
down €36,358 (-4.6%), from -€790,614 to -€826,972
- Gross operating margin +€1,792
up €1,792 (+21.9%), from €8,166 to €9,958
- Depreciation -€1,051
down €1,051 (-2.5%), from €42,685 to €41,634
- Other operating charges +€140
up €140 (+3.1%), from €4,512 to €4,652
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 | €826,683 | €724,864 | -€101,819 | -12.3% |
| Fixed assets | 21/28 | €716,322 | €674,688 | -€41,634 | -5.8% |
| Tangible fixed assets | 22/27 | €716,322 | €674,688 | -€41,634 | -5.8% |
| Land and buildings | 22 | €715,554 | €674,342 | -€41,212 | -5.8% |
| Plant, machinery and equipment | 23 | €768 | €346 | -€422 | -55.0% |
| Current assets | 29/58 | €110,361 | €50,176 | -€60,185 | -54.5% |
| Amounts receivable within one year | 40/41 | €66,613 | €13,108 | -€53,505 | -80.3% |
| Other amounts receivable | 41 | €66,613 | €13,108 | -€53,505 | -80.3% |
| Current investments | 50/53 | €28,960 | €28,960 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,383 | €6,873 | -€6,510 | -48.6% |
| Deferred charges and accrued income | 490/1 | €1,405 | €1,236 | -€170 | -12.1% |
| Total equity and liabilities | 10/49 | €826,683 | €724,864 | -€101,819 | -12.3% |
| Equity | 10/15 | €742,738 | €706,379 | -€36,358 | -4.9% |
| Contributions | 10/11 | €1,533,351 | €1,533,351 | = | 0.0% |
| Capital | 10 | €1,533,351 | €1,533,351 | = | 0.0% |
| Issued capital | 100 | €1,533,351 | €1,533,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€790,614 | -€826,972 | -€36,358 | -4.6% |
| Amounts payable | 17/49 | €83,945 | €18,484 | -€65,461 | -78.0% |
| Amounts payable within one year | 42/48 | €83,819 | €18,484 | -€65,335 | -77.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €83,819 | €18,484 | -€65,335 | -77.9% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,685 | €41,634 | -€1,051 | -2.5% |
| Other operating charges | 640/8 | €4,512 | €4,652 | +€140 | +3.1% |
| Gross operating margin | 9900 | €8,166 | €9,958 | +€1,792 | +21.9% |
| Operating profit (loss) | 9901 | -€39,031 | -€36,328 | +€2,702 | +6.9% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,059 | -€36,358 | +€2,701 | +6.9% |
| Profit (loss) for the period | 9904 | -€39,059 | -€36,358 | +€2,701 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,059 | -€36,358 | +€2,701 | +6.9% |
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.