RIVIEREHYDRO: 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.
RIVIEREHYDRO
Largest movements
- Cash -€896,022
no longer reported in 2025 (was €896,022)
mainly Debts after one year (-€3.3m) and Current portion of long-term debt (-€326,667)
- Tangible fixed assets -€295,273
down €295,273 (-5.8%), from €5.1m to €4.8m
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€133,990
up €133,990 (+38.5%), from €347,896 to €481,886
of which Trade receivables: +€131,763
- Deferred charges and accrued income +€108,139
up €108,139 (+1,738%), from €6,223 to €114,362
- Debts after one year -€3.3m
no longer reported in 2025 (was €3.3m)
- Other debts +€1.7m
new in 2025: €1.7m
- Profit (loss) carried forward +€464,982
up €464,982 (+22.7%), from €2.0m to €2.5m
- Current portion of long-term debt -€326,667
no longer reported in 2025 (was €326,667)
- Investment grants +€268,884
up €268,884 (+49.7%), from €541,066 to €809,950
- Gross operating margin -€262,907
down €262,907 (-23.9%), from €1.1m to €835,170
- Financial income +€58,818
up €58,818 (+134%), from €43,791 to €102,609
- Taxes -€41,189
down €41,189 (-25.3%), from €162,680 to €121,492
- Financial charges -€27,798
down €27,798 (-35.3%), from €78,790 to €50,993
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 | €6,545,588 | €5,396,181 | -€1.1m | -17.6% |
| Formation expenses | 20 | €240 | - | -€240 | |
| Fixed assets | 21/28 | €5,095,206 | €4,799,933 | -€295,273 | -5.8% |
| Tangible fixed assets | 22/27 | €5,095,206 | €4,799,933 | -€295,273 | -5.8% |
| Plant, machinery and equipment | 23 | €5,095,206 | €4,799,933 | -€295,273 | -5.8% |
| Current assets | 29/58 | €1,450,141 | €596,248 | -€853,893 | -58.9% |
| Amounts receivable within one year | 40/41 | €347,896 | €481,886 | +€133,990 | +38.5% |
| Trade receivables | 40 | €313,543 | €445,306 | +€131,763 | +42.0% |
| Other amounts receivable | 41 | €34,353 | €36,580 | +€2,227 | +6.5% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €896,022 | - | -€896,022 | |
| Deferred charges and accrued income | 490/1 | €6,223 | €114,362 | +€108,139 | +1,738% |
| Total equity and liabilities | 10/49 | €6,545,588 | €5,396,181 | -€1.1m | -17.6% |
| Equity | 10/15 | €2,653,516 | €3,387,382 | +€733,866 | +27.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,044,250 | €2,509,232 | +€464,982 | +22.7% |
| Investment grants | 15 | €541,066 | €809,950 | +€268,884 | +49.7% |
| Amounts payable | 17/49 | €3,892,072 | €2,008,799 | -€1.9m | -48.4% |
| Amounts payable after more than one year | 17 | €3,266,667 | - | -€3.3m | |
| Other amounts payable | 178/9 | €3,266,667 | - | -€3.3m | |
| Amounts payable within one year | 42/48 | €625,405 | €2,008,799 | +€1.4m | +221% |
| Current portion of amounts payable after more than one year | 42 | €326,667 | - | -€326,667 | |
| Trade debts | 44 | €179,010 | €239,251 | +€60,241 | +33.7% |
| Suppliers | 440/4 | €179,010 | €239,251 | +€60,241 | +33.7% |
| Taxes, remuneration and social security | 45 | €119,728 | €35,829 | -€83,899 | -70.1% |
| Taxes | 450/3 | €119,728 | €35,829 | -€83,899 | -70.1% |
| Other amounts payable | 47/48 | - | €1,733,719 | +€1.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,598 | €295,514 | -€84 | 0.0% |
| Other operating charges | 640/8 | €4,767 | €4,798 | +€31 | +0.7% |
| Gross operating margin | 9900 | €1,098,077 | €835,170 | -€262,907 | -23.9% |
| Operating profit (loss) | 9901 | €797,711 | €534,858 | -€262,854 | -33.0% |
| Financial income | 75/76B | €43,791 | €102,609 | +€58,818 | +134% |
| Recurring financial income | 75 | €43,791 | €102,609 | +€58,818 | +134% |
| Financial charges | 65/66B | €78,790 | €50,993 | -€27,798 | -35.3% |
| Recurring financial charges | 65 | €78,790 | €50,993 | -€27,798 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €762,712 | €586,474 | -€176,238 | -23.1% |
| Income taxes | 67/77 | €162,680 | €121,492 | -€41,189 | -25.3% |
| Profit (loss) for the period | 9904 | €600,032 | €464,982 | -€135,049 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €600,032 | €464,982 | -€135,049 | -22.5% |
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 26 October 2026 via checked.be.