Riviera: 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.
Riviera
Largest movements
- Intangible fixed assets -€11,300
down €11,300 (-22.8%), from €49,533 to €38,233
- Cash -€8,600
down €8,600 (-72.0%), from €11,938 to €3,338
mainly Net result for the year (-€10,753) and Other debts (-€7,877)
- Receivables within one year +€5,066
up €5,066 (+12.3%), from €41,038 to €46,105
of which Trade receivables: +€46,105
- Profit (loss) carried forward -€10,753
down €10,753 (-81.4%), from -€13,213 to -€23,966
- Other debts -€7,877
down €7,877 (-8.4%), from €93,858 to €85,982
- Trade debts +€4,689
new in 2025: €4,689
- Gross operating margin -€14,294
down €14,294 (-88.9%), from €16,081 to €1,787
- Financial income -€2,400
no longer reported in 2025 (was €2,400)
of which Financial income: -€2,400
- Other operating charges +€510
up €510 (+115%), from €443 to €953
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.
Derived cash bridge
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 | €115,460 | €100,626 | -€14,834 | -12.8% |
| Fixed assets | 21/28 | €62,483 | €51,183 | -€11,300 | -18.1% |
| Intangible fixed assets | 21 | €49,533 | €38,233 | -€11,300 | -22.8% |
| Financial fixed assets | 28 | €12,950 | €12,950 | = | 0.0% |
| Current assets | 29/58 | €52,976 | €49,443 | -€3,534 | -6.7% |
| Amounts receivable within one year | 40/41 | €41,038 | €46,105 | +€5,066 | +12.3% |
| Trade receivables | 40 | - | €46,105 | +€46,105 | |
| Other amounts receivable | 41 | €41,038 | - | -€41,038 | |
| Cash at bank and in hand | 54/58 | €11,938 | €3,338 | -€8,600 | -72.0% |
| Total equity and liabilities | 10/49 | €115,460 | €100,626 | -€14,834 | -12.8% |
| Equity | 10/15 | €15,209 | €4,456 | -€10,753 | -70.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,822 | €9,822 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €6,723 | €6,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,213 | -€23,966 | -€10,753 | -81.4% |
| Amounts payable | 17/49 | €100,251 | €96,170 | -€4,081 | -4.1% |
| Amounts payable after more than one year | 17 | €6,392 | €5,500 | -€892 | -14.0% |
| Other amounts payable | 178/9 | €6,392 | €5,500 | -€892 | -14.0% |
| Amounts payable within one year | 42/48 | €93,858 | €90,670 | -€3,188 | -3.4% |
| Trade debts | 44 | - | €4,689 | +€4,689 | |
| Suppliers | 440/4 | - | €4,689 | +€4,689 | |
| Other amounts payable | 47/48 | €93,858 | €85,982 | -€7,877 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,300 | €11,300 | = | 0.0% |
| Other operating charges | 640/8 | €443 | €953 | +€510 | +115% |
| Non-recurring operating charges | 66A | €21,755 | - | -€21,755 | |
| Gross operating margin | 9900 | €16,081 | €1,787 | -€14,294 | -88.9% |
| Operating profit (loss) | 9901 | -€17,417 | -€10,466 | +€6,951 | +39.9% |
| Financial income | 75/76B | €2,400 | - | -€2,400 | |
| Recurring financial income | 75 | €2,400 | - | -€2,400 | |
| Non-recurring financial income | 76B | €2,400 | - | -€2,400 | |
| Financial charges | 65/66B | €273 | €287 | +€14 | +5.2% |
| Recurring financial charges | 65 | €273 | €287 | +€14 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,290 | -€10,753 | +€4,537 | +29.7% |
| Profit (loss) for the period | 9904 | -€15,290 | -€10,753 | +€4,537 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,290 | -€10,753 | +€4,537 | +29.7% |
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 14 October 2026 via checked.be.