RIVER SERVICES: 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.
RIVER SERVICES
Largest movements
- Cash +€15,358
up €15,358 (+14.9%), from €103,239 to €118,597
mainly Net result for the year (+€39,340) and Deferred charges and accrued income (+€7,315)
- Deferred charges and accrued income -€7,315
down €7,315 (-100.0%), from €7,315 to €0
- Tangible fixed assets +€6,571
up €6,571 (+92.4%), from €7,114 to €13,685
of which Furniture and vehicles: +€6,524
- Reserves +€39,340
up €39,340 (+54.8%), from €71,789 to €111,129
of which Distributable reserves: +€39,340
- Advances received -€26,352
down €26,352 (-100.0%), from €26,352 to €0
- Tax, wage and social debts +€5,549
up €5,549 (+18.3%), from €30,360 to €35,910
of which Taxes: +€14,781
- Trade debts -€3,512
down €3,512 (-28.5%), from €12,312 to €8,800
- Gross operating margin +€50,109
up €50,109 (+58.5%), from €85,678 to €135,786
- Taxes +€18,481
up €18,481 (+507.6%), from €3,641 to €22,121
- Staff costs -€5,920
down €5,920 (-8.0%), from €74,420 to €68,500
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 | €172,775 | €188,676 | +€15,901 | +9.2% |
| Fixed assets | 21/28 | €13,114 | €19,685 | +€6,571 | +50.1% |
| Tangible fixed assets | 22/27 | €7,114 | €13,685 | +€6,571 | +92.4% |
| Land and buildings | 22 | €2,107 | €1,600 | -€507 | -24.1% |
| Plant, machinery and equipment | 23 | €4,382 | €3,541 | -€841 | -19.2% |
| Furniture and vehicles | 24 | - | €6,524 | +€6,524 | |
| Other tangible fixed assets | 26 | €625 | €2,021 | +€1,396 | +223.3% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €159,661 | €168,990 | +€9,330 | +5.8% |
| Stocks and contracts in progress | 3 | €1,600 | €2,875 | +€1,275 | +79.7% |
| Stocks | 30/36 | €1,600 | €2,875 | +€1,275 | +79.7% |
| Amounts receivable within one year | 40/41 | €47,507 | €47,519 | +€12 | 0.0% |
| Trade receivables | 40 | €47,492 | €38,734 | -€8,758 | -18.4% |
| Other amounts receivable | 41 | €15 | €8,785 | +€8,770 | +58663.7% |
| Cash at bank and in hand | 54/58 | €103,239 | €118,597 | +€15,358 | +14.9% |
| Deferred charges and accrued income | 490/1 | €7,315 | €0 | -€7,315 | -100.0% |
| Total equity and liabilities | 10/49 | €172,775 | €188,676 | +€15,901 | +9.2% |
| Equity | 10/15 | €99,543 | €138,883 | +€39,340 | +39.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,789 | €111,129 | +€39,340 | +54.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €69,930 | €109,270 | +€39,340 | +56.3% |
| Profit (loss) carried forward | 14 | €9,161 | €9,162 | +€0 | 0.0% |
| Amounts payable | 17/49 | €73,232 | €49,793 | -€23,439 | -32.0% |
| Amounts payable within one year | 42/48 | €69,397 | €44,710 | -€24,687 | -35.6% |
| Trade debts | 44 | €12,312 | €8,800 | -€3,512 | -28.5% |
| Suppliers | 440/4 | €12,312 | €8,800 | -€3,512 | -28.5% |
| Advances received on contracts in progress | 46 | €26,352 | €0 | -€26,352 | -100.0% |
| Taxes, remuneration and social security | 45 | €30,360 | €35,910 | +€5,549 | +18.3% |
| Taxes | 450/3 | €19,228 | €34,009 | +€14,781 | +76.9% |
| Remuneration and social security | 454/9 | €11,132 | €1,901 | -€9,232 | -82.9% |
| Other amounts payable | 47/48 | €372 | €0 | -€372 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,836 | €5,083 | +€1,247 | +32.5% |
| Remuneration, social security and pensions | 62 | €74,420 | €68,500 | -€5,920 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,505 | €3,076 | +€571 | +22.8% |
| Other operating charges | 640/8 | €2,007 | €1,882 | -€124 | -6.2% |
| Gross operating margin | 9900 | €85,678 | €135,786 | +€50,109 | +58.5% |
| Operating profit (loss) | 9901 | €6,746 | €62,328 | +€55,582 | +823.9% |
| Financial income | 75/76B | €23 | €249 | +€226 | +962.9% |
| Recurring financial income | 75 | €23 | €249 | +€226 | +962.9% |
| Financial charges | 65/66B | €1,348 | €1,115 | -€232 | -17.2% |
| Recurring financial charges | 65 | €1,348 | €1,115 | -€232 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €5,422 | €61,462 | +€56,040 | +1033.7% |
| Income taxes | 67/77 | €3,641 | €22,121 | +€18,481 | +507.6% |
| Profit (loss) for the period | 9904 | €1,781 | €39,340 | +€37,559 | +2108.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,781 | €39,340 | +€37,559 | +2108.9% |
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 5 October 2026 via checked.be.