RIVER LODGE: 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 LODGE
Largest movements
- Tangible fixed assets -€26,595
down €26,595 (-29.3%), from €90,664 to €64,069
of which Other tangible fixed assets: -€14,162
- Cash +€19,030
up €19,030 (+67.0%), from €28,403 to €47,433
mainly Depreciation (+€26,264) and Other debts (+€23,506)
- Receivables within one year +€4,824
up €4,824 (+31.2%), from €15,465 to €20,288
of which Trade receivables: +€7,418
- Deferred charges and accrued income +€1,690
new in 2025: €1,690
- Other debts +€23,506
up €23,506 (+249%), from €9,435 to €32,941
- Current portion of long-term debt -€18,273
down €18,273 (-66.8%), from €27,365 to €9,092
- Profit (loss) carried forward +€12,208
up €12,208, from -€5,302 to €6,906
- Debts after one year -€9,092
down €9,092 (-28.8%), from €31,592 to €22,500
- Investment grants -€7,500
down €7,500 (-33.3%), from €22,500 to €15,000
- Gross operating margin -€27,175
down €27,175 (-33.2%), from €81,857 to €54,682
- Depreciation -€21,077
down €21,077 (-44.5%), from €47,341 to €26,264
- Financial income +€20,949
up €20,949 (+279%), from €7,502 to €28,451
- Staff costs +€2,001
up €2,001 (+5.2%), from €38,474 to €40,474
- Taxes -€1,196
new in 2025: -€1,196
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 | €134,532 | €133,481 | -€1,051 | -0.8% |
| Fixed assets | 21/28 | €90,664 | €64,069 | -€26,595 | -29.3% |
| Tangible fixed assets | 22/27 | €90,664 | €64,069 | -€26,595 | -29.3% |
| Land and buildings | 22 | €5,265 | €4,639 | -€626 | -11.9% |
| Plant, machinery and equipment | 23 | €35,936 | €31,449 | -€4,487 | -12.5% |
| Furniture and vehicles | 24 | €16,320 | €9,000 | -€7,320 | -44.9% |
| Other tangible fixed assets | 26 | €33,143 | €18,981 | -€14,162 | -42.7% |
| Current assets | 29/58 | €43,868 | €69,412 | +€25,544 | +58.2% |
| Amounts receivable within one year | 40/41 | €15,465 | €20,288 | +€4,824 | +31.2% |
| Trade receivables | 40 | €11,405 | €18,823 | +€7,418 | +65.0% |
| Other amounts receivable | 41 | €4,060 | €1,465 | -€2,595 | -63.9% |
| Cash at bank and in hand | 54/58 | €28,403 | €47,433 | +€19,030 | +67.0% |
| Deferred charges and accrued income | 490/1 | - | €1,690 | +€1,690 | |
| Total equity and liabilities | 10/49 | €134,532 | €133,481 | -€1,051 | -0.8% |
| Equity | 10/15 | €35,798 | €40,506 | +€4,708 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,302 | €6,906 | +€12,208 | |
| Investment grants | 15 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Amounts payable | 17/49 | €98,734 | €92,975 | -€5,759 | -5.8% |
| Amounts payable after more than one year | 17 | €31,592 | €22,500 | -€9,092 | -28.8% |
| Financial debts | 170/4 | €31,592 | €22,500 | -€9,092 | -28.8% |
| Amounts payable within one year | 42/48 | €67,142 | €70,475 | +€3,333 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €27,365 | €9,092 | -€18,273 | -66.8% |
| Trade debts | 44 | €24,779 | €24,387 | -€392 | -1.6% |
| Suppliers | 440/4 | €24,779 | €24,387 | -€392 | -1.6% |
| Taxes, remuneration and social security | 45 | €5,562 | €4,055 | -€1,507 | -27.1% |
| Taxes | 450/3 | €1,207 | €11 | -€1,196 | -99.1% |
| Remuneration and social security | 454/9 | €4,355 | €4,044 | -€311 | -7.1% |
| Other amounts payable | 47/48 | €9,435 | €32,941 | +€23,506 | +249% |
| Non-recurring operating income | 76A | - | €13,369 | +€13,369 | |
| Remuneration, social security and pensions | 62 | €38,474 | €40,474 | +€2,001 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,341 | €26,264 | -€21,077 | -44.5% |
| Other operating charges | 640/8 | €2,011 | €2,719 | +€709 | +35.3% |
| Non-recurring operating charges | 66A | - | €1,039 | +€1,039 | |
| Gross operating margin | 9900 | €81,857 | €54,682 | -€27,175 | -33.2% |
| Operating profit (loss) | 9901 | -€5,968 | -€15,814 | -€9,846 | -165% |
| Financial income | 75/76B | €7,502 | €28,451 | +€20,949 | +279% |
| Recurring financial income | 75 | €7,502 | €28,451 | +€20,949 | +279% |
| Financial charges | 65/66B | €2,398 | €1,625 | -€773 | -32.2% |
| Recurring financial charges | 65 | €2,398 | €1,625 | -€773 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€864 | €11,012 | +€11,876 | |
| Income taxes | 67/77 | - | -€1,196 | -€1,196 | |
| Profit (loss) for the period | 9904 | -€864 | €12,208 | +€13,072 | |
| Profit (loss) for the period to be appropriated | 9905 | -€864 | €12,208 | +€13,072 |
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 13 October 2026 via checked.be.