Riverso: 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.
Riverso
Largest movements
- Receivables within one year +€198,741
up €198,741 (+142.8%), from €139,167 to €337,908
of which Other amounts receivable: +€112,773
- Tangible fixed assets -€107,090
down €107,090 (-20.0%), from €535,227 to €428,137
- Intangible fixed assets -€31,186
down €31,186 (-39.7%), from €78,502 to €47,316
- Cash -€15,178
down €15,178 (-9.1%), from €167,500 to €152,322
mainly Receivables within one year (-€198,741) and Debts after one year (-€78,415)
- Trade debts +€91,304
up €91,304 (+52.4%), from €174,343 to €265,647
- Debts after one year -€78,415
down €78,415 (-16.4%), from €479,201 to €400,786
- Advances received +€57,000
new in 2025: €57,000
- Profit (loss) carried forward -€18,712
down €18,712 (-18.7%), from €100,019 to €81,307
- Gross operating margin -€61,800
down €61,800 (-8.2%), from €756,078 to €694,278
- Staff costs -€42,318
down €42,318 (-7.8%), from €544,284 to €501,966
- Depreciation -€19,129
down €19,129 (-14.8%), from €129,627 to €110,498
- Financial charges +€16,952
up €16,952 (+42.1%), from €40,258 to €57,210
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 | €975,847 | €1,020,859 | +€45,012 | +4.6% |
| Fixed assets | 21/28 | €633,728 | €495,453 | -€138,275 | -21.8% |
| Intangible fixed assets | 21 | €78,502 | €47,316 | -€31,186 | -39.7% |
| Tangible fixed assets | 22/27 | €535,227 | €428,137 | -€107,090 | -20.0% |
| Land and buildings | 22 | €280,129 | €274,567 | -€5,561 | -2.0% |
| Plant, machinery and equipment | 23 | €34,345 | €19,920 | -€14,425 | -42.0% |
| Furniture and vehicles | 24 | €145,501 | €104,759 | -€40,742 | -28.0% |
| Leasing and similar rights | 25 | €24,014 | €0 | -€24,014 | -100.0% |
| Other tangible fixed assets | 26 | €51,238 | €28,891 | -€22,347 | -43.6% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €342,119 | €525,407 | +€183,288 | +53.6% |
| Stocks and contracts in progress | 3 | €17,164 | €15,836 | -€1,328 | -7.7% |
| Stocks | 30/36 | €17,164 | €15,836 | -€1,328 | -7.7% |
| Amounts receivable within one year | 40/41 | €139,167 | €337,908 | +€198,741 | +142.8% |
| Trade receivables | 40 | €25,632 | €111,600 | +€85,967 | +335.4% |
| Other amounts receivable | 41 | €113,535 | €226,308 | +€112,773 | +99.3% |
| Cash at bank and in hand | 54/58 | €167,500 | €152,322 | -€15,178 | -9.1% |
| Deferred charges and accrued income | 490/1 | €18,288 | €19,341 | +€1,053 | +5.8% |
| Total equity and liabilities | 10/49 | €975,847 | €1,020,859 | +€45,012 | +4.6% |
| Equity | 10/15 | €118,619 | €99,907 | -€18,712 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,019 | €81,307 | -€18,712 | -18.7% |
| Amounts payable | 17/49 | €857,228 | €920,952 | +€63,725 | +7.4% |
| Amounts payable after more than one year | 17 | €479,201 | €400,786 | -€78,415 | -16.4% |
| Financial debts | 170/4 | €479,201 | €400,786 | -€78,415 | -16.4% |
| Amounts payable within one year | 42/48 | €368,208 | €519,751 | +€151,544 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €59,896 | €57,587 | -€2,309 | -3.9% |
| Trade debts | 44 | €174,343 | €265,647 | +€91,304 | +52.4% |
| Suppliers | 440/4 | €174,343 | €265,647 | +€91,304 | +52.4% |
| Advances received on contracts in progress | 46 | - | €57,000 | +€57,000 | |
| Taxes, remuneration and social security | 45 | €133,969 | €139,517 | +€5,548 | +4.1% |
| Taxes | 450/3 | €53,335 | €77,540 | +€24,204 | +45.4% |
| Remuneration and social security | 454/9 | €80,633 | €61,977 | -€18,656 | -23.1% |
| Accrued charges and deferred income | 492/3 | €9,819 | €415 | -€9,404 | -95.8% |
| Remuneration, social security and pensions | 62 | €544,284 | €501,966 | -€42,318 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,627 | €110,498 | -€19,129 | -14.8% |
| Other operating charges | 640/8 | €38,589 | €44,747 | +€6,158 | +16.0% |
| Gross operating margin | 9900 | €756,078 | €694,278 | -€61,800 | -8.2% |
| Operating profit (loss) | 9901 | €43,578 | €37,067 | -€6,510 | -14.9% |
| Financial income | 75/76B | €6,770 | €6,550 | -€220 | -3.3% |
| Recurring financial income | 75 | €6,770 | €6,550 | -€220 | -3.3% |
| Financial charges | 65/66B | €40,258 | €57,210 | +€16,952 | +42.1% |
| Recurring financial charges | 65 | €40,258 | €57,210 | +€16,952 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €10,090 | -€13,593 | -€23,682 | |
| Income taxes | 67/77 | €6,711 | €5,120 | -€1,592 | -23.7% |
| Profit (loss) for the period | 9904 | €3,378 | -€18,712 | -€22,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,378 | -€18,712 | -€22,091 |
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 3 October 2026 via checked.be.