RIVI: 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.
RIVI
Largest movements
- Tangible fixed assets -€80,488
down €80,488 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€77,582
- Current investments +€32,979
up €32,979 (+58.3%), from €56,613 to €89,592
- Debts after one year -€43,585
down €43,585 (-4.6%), from €951,585 to €908,000
of which Financial debts: -€22,585
- Gross operating margin +€49,910
up €49,910 (+79.2%), from €63,051 to €112,961
- Depreciation +€32,694
up €32,694 (+60.4%), from €54,093 to €86,788
- Financial charges -€13,016
down €13,016 (-83.1%), from €15,661 to €2,644
- Other operating charges +€5,040
up €5,040 (+44.6%), from €11,311 to €16,352
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 | €1,531,028 | €1,486,765 | -€44,263 | -2.9% |
| Fixed assets | 21/28 | €1,456,255 | €1,375,767 | -€80,488 | -5.5% |
| Tangible fixed assets | 22/27 | €1,456,255 | €1,375,767 | -€80,488 | -5.5% |
| Land and buildings | 22 | €1,453,005 | €1,375,423 | -€77,582 | -5.3% |
| Furniture and vehicles | 24 | €3,251 | €344 | -€2,907 | -89.4% |
| Current assets | 29/58 | €74,772 | €110,998 | +€36,225 | +48.4% |
| Amounts receivable within one year | 40/41 | €1,166 | €910 | -€256 | -22.0% |
| Other amounts receivable | 41 | €1,166 | €910 | -€256 | -22.0% |
| Current investments | 50/53 | €56,613 | €89,592 | +€32,979 | +58.3% |
| Cash at bank and in hand | 54/58 | €12,669 | €2,984 | -€9,685 | -76.4% |
| Deferred charges and accrued income | 490/1 | €4,325 | €17,511 | +€13,187 | +304.9% |
| Total equity and liabilities | 10/49 | €1,531,028 | €1,486,765 | -€44,263 | -2.9% |
| Equity | 10/15 | €518,608 | €526,144 | +€7,535 | +1.5% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €187,160 | €187,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €167,328 | €167,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,134 | €140,669 | +€7,535 | +5.7% |
| Amounts payable | 17/49 | €1,012,419 | €960,621 | -€51,798 | -5.1% |
| Amounts payable after more than one year | 17 | €951,585 | €908,000 | -€43,585 | -4.6% |
| Financial debts | 170/4 | €22,585 | - | -€22,585 | |
| Other amounts payable | 178/9 | €929,000 | €908,000 | -€21,000 | -2.3% |
| Amounts payable within one year | 42/48 | €59,946 | €51,675 | -€8,271 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €29,082 | €24,834 | -€4,248 | -14.6% |
| Trade debts | 44 | €5,289 | €6,640 | +€1,352 | +25.6% |
| Suppliers | 440/4 | €5,289 | €6,640 | +€1,352 | +25.6% |
| Taxes, remuneration and social security | 45 | €6,227 | €820 | -€5,407 | -86.8% |
| Taxes | 450/3 | €6,227 | €820 | -€5,407 | -86.8% |
| Other amounts payable | 47/48 | €19,349 | €19,381 | +€32 | +0.2% |
| Accrued charges and deferred income | 492/3 | €888 | €946 | +€58 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,093 | €86,788 | +€32,694 | +60.4% |
| Other operating charges | 640/8 | €11,311 | €16,352 | +€5,040 | +44.6% |
| Gross operating margin | 9900 | €63,051 | €112,961 | +€49,910 | +79.2% |
| Operating profit (loss) | 9901 | -€2,354 | €9,821 | +€12,175 | |
| Financial income | 75/76B | €1,684 | €614 | -€1,069 | -63.5% |
| Recurring financial income | 75 | €1,684 | €614 | -€1,069 | -63.5% |
| Financial charges | 65/66B | €15,661 | €2,644 | -€13,016 | -83.1% |
| Recurring financial charges | 65 | €15,661 | €2,644 | -€13,016 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,331 | €7,791 | +€24,122 | |
| Income taxes | 67/77 | €249 | €256 | +€7 | +2.8% |
| Profit (loss) for the period | 9904 | -€16,580 | €7,535 | +€24,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,580 | €7,535 | +€24,115 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.