RIVERROAD: 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.
RIVERROAD
Largest movements
- Tangible fixed assets +€2.7m
up €2.7m (+1955.0%), from €136,247 to €2.8m
of which Land and buildings: +€2.7m
- Stocks and contracts -€2.5m
down €2.5m (-72.4%), from €3.4m to €938,851
- Receivables within one year +€199,470
up €199,470 (+273.0%), from €73,055 to €272,525
of which Other amounts receivable: +€194,075
- Cash +€46,319
up €46,319 (+2612.1%), from €1,773 to €48,093
mainly Stocks and contracts (+€2.5m) and Debts after one year (+€478,540)
- Receivables after one year -€41,505
down €41,505 (-40.8%), from €101,829 to €60,324
- Debts after one year +€478,540
up €478,540 (+23.9%), from €2.0m to €2.5m
of which Financial debts: +€467,740
- Other debts +€238,360
up €238,360 (+21.4%), from €1.1m to €1.4m
- Trade debts -€222,617
down €222,617 (-64.7%), from €343,967 to €121,349
- Profit (loss) carried forward -€118,580
new in 2025: -€118,580
- Depreciation +€112,650
up €112,650 (+360.1%), from €31,281 to €143,931
- Gross operating margin -€25,382
down €25,382 (-32.7%), from €77,538 to €52,156
- Other operating charges -€20,973
down €20,973 (-55.0%), from €38,117 to €17,144
- Financial charges +€7,770
up €7,770 (+227.8%), from €3,410 to €11,181
- Taxes -€2,642
down €2,642 (-90.0%), from €2,936 to €294
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 | €3,716,398 | €4,126,521 | +€410,123 | +11.0% |
| Fixed assets | 21/28 | €138,382 | €2,801,952 | +€2.7m | +1924.8% |
| Tangible fixed assets | 22/27 | €136,247 | €2,799,817 | +€2.7m | +1955.0% |
| Land and buildings | 22 | - | €2,704,232 | +€2.7m | |
| Plant, machinery and equipment | 23 | €44,603 | €30,073 | -€14,530 | -32.6% |
| Furniture and vehicles | 24 | €91,645 | €65,512 | -€26,133 | -28.5% |
| Financial fixed assets | 28 | €2,135 | €2,135 | = | 0.0% |
| Current assets | 29/58 | €3,578,016 | €1,324,569 | -€2.3m | -63.0% |
| Amounts receivable after more than one year | 29 | €101,829 | €60,324 | -€41,505 | -40.8% |
| Other amounts receivable | 291 | €101,829 | €60,324 | -€41,505 | -40.8% |
| Stocks and contracts in progress | 3 | €3,398,293 | €938,851 | -€2.5m | -72.4% |
| Contracts in progress | 37 | €3,398,293 | €938,851 | -€2.5m | -72.4% |
| Amounts receivable within one year | 40/41 | €73,055 | €272,525 | +€199,470 | +273.0% |
| Trade receivables | 40 | €59,967 | €65,362 | +€5,395 | +9.0% |
| Other amounts receivable | 41 | €13,088 | €207,163 | +€194,075 | +1482.9% |
| Cash at bank and in hand | 54/58 | €1,773 | €48,093 | +€46,319 | +2612.1% |
| Deferred charges and accrued income | 490/1 | €3,066 | €4,777 | +€1,710 | +55.8% |
| Total equity and liabilities | 10/49 | €3,716,398 | €4,126,521 | +€410,123 | +11.0% |
| Equity | 10/15 | €254,193 | €135,613 | -€118,580 | -46.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €234,193 | €234,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €232,193 | €234,193 | +€2,000 | +0.9% |
| Profit (loss) carried forward | 14 | - | -€118,580 | -€118,580 | |
| Amounts payable | 17/49 | €3,462,205 | €3,990,908 | +€528,703 | +15.3% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,478,540 | +€478,540 | +23.9% |
| Financial debts | 170/4 | €2,000,000 | €2,467,740 | +€467,740 | +23.4% |
| Other amounts payable | 178/9 | - | €10,800 | +€10,800 | |
| Amounts payable within one year | 42/48 | €1,462,205 | €1,510,294 | +€48,089 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | - | €32,260 | +€32,260 | |
| Trade debts | 44 | €343,967 | €121,349 | -€222,617 | -64.7% |
| Suppliers | 440/4 | €343,967 | €121,349 | -€222,617 | -64.7% |
| Taxes, remuneration and social security | 45 | €3,738 | €3,823 | +€86 | +2.3% |
| Taxes | 450/3 | €3,738 | €2,910 | -€828 | -22.2% |
| Remuneration and social security | 454/9 | - | €914 | +€914 | |
| Other amounts payable | 47/48 | €1,114,501 | €1,352,861 | +€238,360 | +21.4% |
| Accrued charges and deferred income | 492/3 | - | €2,074 | +€2,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,281 | €143,931 | +€112,650 | +360.1% |
| Other operating charges | 640/8 | €38,117 | €17,144 | -€20,973 | -55.0% |
| Gross operating margin | 9900 | €77,538 | €52,156 | -€25,382 | -32.7% |
| Operating profit (loss) | 9901 | €8,140 | -€108,919 | -€117,059 | |
| Financial income | 75/76B | €2,581 | €1,813 | -€767 | -29.7% |
| Recurring financial income | 75 | €2,581 | €1,813 | -€767 | -29.7% |
| Financial charges | 65/66B | €3,410 | €11,181 | +€7,770 | +227.8% |
| Recurring financial charges | 65 | €3,410 | €11,181 | +€7,770 | +227.8% |
| Profit (loss) for the period before taxes | 9903 | €7,311 | -€118,286 | -€125,597 | |
| Income taxes | 67/77 | €2,936 | €294 | -€2,642 | -90.0% |
| Profit (loss) for the period | 9904 | €4,374 | -€118,580 | -€122,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,374 | -€118,580 | -€122,954 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.