River Blue: 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.
River Blue
Largest movements
- Receivables within one year +€40,866
up €40,866 (+22.7%), from €179,631 to €220,497
of which Other amounts receivable: +€43,690
- Tangible fixed assets -€3,498
down €3,498 (-10.9%), from €32,204 to €28,706
of which Furniture and vehicles: -€2,278
- Current portion of long-term debt +€13,553
up €13,553 (+307.0%), from €4,414 to €17,967
- Reserves +€11,178
up €11,178 (+11.1%), from €101,144 to €112,322
- Tax, wage and social debts +€7,996
up €7,996 (+198.8%), from €4,022 to €12,019
- Financial income +€11,104
up €11,104 (+74722.6%), from €15 to €11,119
- Gross operating margin -€3,724
down €3,724 (-19.1%), from €19,538 to €15,814
- Financial charges +€2,396
up €2,396 (+55.3%), from €4,332 to €6,728
- Depreciation +€884
up €884 (+26.5%), from €3,339 to €4,223
- Other operating charges -€462
down €462 (-78.5%), from €589 to €127
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 | €213,839 | €250,689 | +€36,850 | +17.2% |
| Fixed assets | 21/28 | €32,204 | €28,706 | -€3,498 | -10.9% |
| Tangible fixed assets | 22/27 | €32,204 | €28,706 | -€3,498 | -10.9% |
| Land and buildings | 22 | €25,612 | €25,198 | -€415 | -1.6% |
| Plant, machinery and equipment | 23 | €1,233 | €427 | -€806 | -65.3% |
| Furniture and vehicles | 24 | €5,359 | €3,081 | -€2,278 | -42.5% |
| Current assets | 29/58 | €181,634 | €221,983 | +€40,349 | +22.2% |
| Amounts receivable within one year | 40/41 | €179,631 | €220,497 | +€40,866 | +22.7% |
| Trade receivables | 40 | €4,296 | €1,472 | -€2,824 | -65.7% |
| Other amounts receivable | 41 | €175,335 | €219,025 | +€43,690 | +24.9% |
| Cash at bank and in hand | 54/58 | €1,114 | - | -€1,114 | |
| Deferred charges and accrued income | 490/1 | €889 | €1,486 | +€597 | +67.1% |
| Total equity and liabilities | 10/49 | €213,839 | €250,689 | +€36,850 | +17.2% |
| Equity | 10/15 | €113,544 | €124,722 | +€11,178 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,144 | €112,322 | +€11,178 | +11.1% |
| Distributable reserves | 133 | €101,144 | €112,322 | +€11,178 | +11.1% |
| Amounts payable | 17/49 | €100,295 | €125,967 | +€25,673 | +25.6% |
| Amounts payable after more than one year | 17 | €86,612 | €85,522 | -€1,091 | -1.3% |
| Financial debts | 170/4 | €86,612 | €85,522 | -€1,091 | -1.3% |
| Amounts payable within one year | 42/48 | €13,682 | €40,446 | +€26,763 | +195.6% |
| Current portion of amounts payable after more than one year | 42 | €4,414 | €17,967 | +€13,553 | +307.0% |
| Financial debts | 43 | - | €1,457 | +€1,457 | |
| Credit institutions | 430/8 | - | €1,457 | +€1,457 | |
| Trade debts | 44 | €5,246 | €7,221 | +€1,975 | +37.7% |
| Suppliers | 440/4 | €5,246 | €7,221 | +€1,975 | +37.7% |
| Advances received on contracts in progress | 46 | - | €1,781 | +€1,781 | |
| Taxes, remuneration and social security | 45 | €4,022 | €12,019 | +€7,996 | +198.8% |
| Taxes | 450/3 | €4,022 | €12,019 | +€7,996 | +198.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,339 | €4,223 | +€884 | +26.5% |
| Other operating charges | 640/8 | €589 | €127 | -€462 | -78.5% |
| Gross operating margin | 9900 | €19,538 | €15,814 | -€3,724 | -19.1% |
| Operating profit (loss) | 9901 | €15,610 | €11,464 | -€4,146 | -26.6% |
| Financial income | 75/76B | €15 | €11,119 | +€11,104 | +74722.6% |
| Recurring financial income | 75 | €15 | €11,119 | +€11,104 | +74722.6% |
| Financial charges | 65/66B | €4,332 | €6,728 | +€2,396 | +55.3% |
| Recurring financial charges | 65 | €4,332 | €6,728 | +€2,396 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €11,292 | €15,855 | +€4,562 | +40.4% |
| Income taxes | 67/77 | €4,508 | €4,677 | +€169 | +3.8% |
| Profit (loss) for the period | 9904 | €6,784 | €11,178 | +€4,393 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,784 | €11,178 | +€4,393 | +64.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.