Riverthree: 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.
Riverthree
Largest movements
- Tangible fixed assets -€38,790
down €38,790 (-19.8%), from €196,362 to €157,572
of which Plant, machinery and equipment: -€27,523
- Receivables within one year -€21,149
down €21,149 (-37.2%), from €56,788 to €35,639
of which Trade receivables: -€15,683
- Cash +€12,501
up €12,501 (+92.8%), from €13,472 to €25,972
mainly Depreciation (+€40,631) and Receivables within one year (+€21,149)
- Stocks and contracts +€3,293
up €3,293 (+8.3%), from €39,655 to €42,948
- Debts after one year -€41,592
down €41,592 (-65.6%), from €63,381 to €21,789
of which Other amounts payable: -€26,400
- Trade debts -€22,819
down €22,819 (-18.4%), from €123,854 to €101,035
- Tax, wage and social debts +€14,348
up €14,348 (+23.1%), from €62,127 to €76,475
of which Taxes: +€8,861
- Profit (loss) carried forward +€5,325
up €5,325 (+17.6%), from -€30,174 to -€24,849
- Staff costs +€15,039
up €15,039 (+4.5%), from €337,465 to €352,504
- Gross operating margin +€12,694
up €12,694 (+3.1%), from €404,450 to €417,144
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 | €307,396 | €263,453 | -€43,943 | -14.3% |
| Fixed assets | 21/28 | €196,362 | €157,572 | -€38,790 | -19.8% |
| Tangible fixed assets | 22/27 | €196,362 | €157,572 | -€38,790 | -19.8% |
| Plant, machinery and equipment | 23 | €119,705 | €92,181 | -€27,523 | -23.0% |
| Furniture and vehicles | 24 | €674 | €110 | -€565 | -83.8% |
| Other tangible fixed assets | 26 | €75,983 | €65,282 | -€10,702 | -14.1% |
| Current assets | 29/58 | €111,033 | €105,880 | -€5,153 | -4.6% |
| Stocks and contracts in progress | 3 | €39,655 | €42,948 | +€3,293 | +8.3% |
| Stocks | 30/36 | €39,655 | €42,948 | +€3,293 | +8.3% |
| Amounts receivable within one year | 40/41 | €56,788 | €35,639 | -€21,149 | -37.2% |
| Trade receivables | 40 | €43,666 | €27,983 | -€15,683 | -35.9% |
| Other amounts receivable | 41 | €13,122 | €7,656 | -€5,466 | -41.7% |
| Cash at bank and in hand | 54/58 | €13,472 | €25,972 | +€12,501 | +92.8% |
| Deferred charges and accrued income | 490/1 | €1,119 | €1,321 | +€203 | +18.1% |
| Total equity and liabilities | 10/49 | €307,396 | €263,453 | -€43,943 | -14.3% |
| Equity | 10/15 | -€12,174 | -€6,849 | +€5,325 | +43.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,174 | -€24,849 | +€5,325 | +17.6% |
| Amounts payable | 17/49 | €319,569 | €270,301 | -€49,268 | -15.4% |
| Amounts payable after more than one year | 17 | €63,381 | €21,789 | -€41,592 | -65.6% |
| Financial debts | 170/4 | €31,481 | €16,289 | -€15,192 | -48.3% |
| Other amounts payable | 178/9 | €31,900 | €5,500 | -€26,400 | -82.8% |
| Amounts payable within one year | 42/48 | €254,887 | €246,626 | -€8,261 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €28,906 | €29,116 | +€210 | +0.7% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €123,854 | €101,035 | -€22,819 | -18.4% |
| Suppliers | 440/4 | €123,854 | €101,035 | -€22,819 | -18.4% |
| Taxes, remuneration and social security | 45 | €62,127 | €76,475 | +€14,348 | +23.1% |
| Taxes | 450/3 | €20,412 | €29,273 | +€8,861 | +43.4% |
| Remuneration and social security | 454/9 | €41,715 | €47,202 | +€5,487 | +13.2% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,301 | €1,886 | +€585 | +45.0% |
| Remuneration, social security and pensions | 62 | €337,465 | €352,504 | +€15,039 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,361 | €40,631 | +€1,270 | +3.2% |
| Other operating charges | 640/8 | €7,208 | €7,743 | +€535 | +7.4% |
| Gross operating margin | 9900 | €404,450 | €417,144 | +€12,694 | +3.1% |
| Operating profit (loss) | 9901 | €20,416 | €16,266 | -€4,150 | -20.3% |
| Financial income | 75/76B | €36 | €3 | -€33 | -92.4% |
| Recurring financial income | 75 | €36 | €3 | -€33 | -92.4% |
| Financial charges | 65/66B | €10,631 | €10,844 | +€213 | +2.0% |
| Recurring financial charges | 65 | €10,631 | €10,844 | +€213 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €9,821 | €5,425 | -€4,395 | -44.8% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | €9,821 | €5,325 | -€4,495 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,821 | €5,325 | -€4,495 | -45.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.