Riveroeule: what changed
Riveroeule
Largest movements
- Stocks and contracts -€49,027
down €49,027 (-30.5%), from €160,726 to €111,699
- Deferred charges and accrued income -€22,151
down €22,151 (-49.9%), from €44,391 to €22,240
- Cash -€9,650
down €9,650 (-6.7%), from €143,895 to €134,245
mainly Trade debts (-€93,003) and Tax, wage and social debts (-€5,366)
- Receivables within one year -€9,581
down €9,581 (-8.1%), from €118,289 to €108,708
of which Trade receivables: -€8,386
- Trade debts -€93,003
down €93,003 (-49.8%), from €186,930 to €93,927
- Accrued charges and deferred income +€7,286
up €7,286 (+61.0%), from €11,946 to €19,232
- Tax, wage and social debts -€5,366
down €5,366 (-95.1%), from €5,644 to €278
- Gross operating margin -€20,641
down €20,641 (-93.3%), from €22,114 to €1,474
- Taxes -€5,470
down €5,470 (-95.5%), from €5,726 to €255
- Other operating charges -€562
down €562 (-54.7%), from €1,027 to €465
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,607 | €389,999 | -€90,608 | -18.9% |
| Fixed assets | 21/28 | €13,307 | €13,108 | -€199 | -1.5% |
| Tangible fixed assets | 22/27 | €634 | €435 | -€199 | -31.4% |
| Plant, machinery and equipment | 23 | €634 | €435 | -€199 | -31.4% |
| Financial fixed assets | 28 | €12,673 | €12,673 | = | 0.0% |
| Current assets | 29/58 | €467,301 | €376,891 | -€90,409 | -19.3% |
| Stocks and contracts in progress | 3 | €160,726 | €111,699 | -€49,027 | -30.5% |
| Stocks | 30/36 | €160,726 | €111,699 | -€49,027 | -30.5% |
| Amounts receivable within one year | 40/41 | €118,289 | €108,708 | -€9,581 | -8.1% |
| Trade receivables | 40 | €116,006 | €107,620 | -€8,386 | -7.2% |
| Other amounts receivable | 41 | €2,283 | €1,088 | -€1,195 | -52.4% |
| Cash at bank and in hand | 54/58 | €143,895 | €134,245 | -€9,650 | -6.7% |
| Deferred charges and accrued income | 490/1 | €44,391 | €22,240 | -€22,151 | -49.9% |
| Total equity and liabilities | 10/49 | €480,607 | €389,999 | -€90,608 | -18.9% |
| Equity | 10/15 | €276,063 | €276,563 | +€499 | +0.2% |
| Contributions | 10/11 | €50,750 | €50,750 | = | 0.0% |
| Reserves | 13 | €187,150 | €187,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,350 | €2,350 | = | 0.0% |
| Distributable reserves | 133 | €184,800 | €184,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,163 | €38,663 | +€499 | +1.3% |
| Amounts payable | 17/49 | €204,544 | €113,436 | -€91,108 | -44.5% |
| Amounts payable within one year | 42/48 | €192,598 | €94,205 | -€98,394 | -51.1% |
| Trade debts | 44 | €186,930 | €93,927 | -€93,003 | -49.8% |
| Suppliers | 440/4 | €186,930 | €93,927 | -€93,003 | -49.8% |
| Taxes, remuneration and social security | 45 | €5,644 | €278 | -€5,366 | -95.1% |
| Taxes | 450/3 | €5,644 | €278 | -€5,366 | -95.1% |
| Other amounts payable | 47/48 | €24 | - | -€24 | |
| Accrued charges and deferred income | 492/3 | €11,946 | €19,232 | +€7,286 | +61.0% |
| Remuneration, social security and pensions | 62 | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €199 | = | 0.0% |
| Other operating charges | 640/8 | €1,027 | €465 | -€562 | -54.7% |
| Gross operating margin | 9900 | €22,114 | €1,474 | -€20,641 | -93.3% |
| Operating profit (loss) | 9901 | €20,876 | €809 | -€20,067 | -96.1% |
| Financial income | 75/76B | €272 | €137 | -€136 | -49.8% |
| Recurring financial income | 75 | €272 | €137 | -€136 | -49.8% |
| Financial charges | 65/66B | €192 | €192 | -€0 | -0.2% |
| Recurring financial charges | 65 | €192 | €192 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €20,957 | €754 | -€20,202 | -96.4% |
| Income taxes | 67/77 | €5,726 | €255 | -€5,470 | -95.5% |
| Profit (loss) for the period | 9904 | €15,231 | €499 | -€14,732 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,231 | €499 | -€14,732 | -96.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.