RIVO: 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.
RIVO
Largest movements
- Receivables within one year -€122,099
down €122,099 (-40.7%), from €300,266 to €178,167
of which Other amounts receivable: -€79,599
- Cash +€52,760
up €52,760 (+457%), from €11,544 to €64,305
mainly Receivables within one year (+€122,099) and Other debts (+€47,606)
- Advances received -€81,350
down €81,350 (-100%), from €81,350 to €0
- Other debts +€47,606
new in 2025: €47,606
- Tax, wage and social debts -€30,352
down €30,352 (-94.2%), from €32,230 to €1,878
of which Remuneration and social security: -€21,022
- Staff costs -€57,166
down €57,166 (-99.8%), from €57,308 to €142
- Gross operating margin -€40,773
down €40,773, from €39,915 to -€858
- Financial income -€3,486
down €3,486 (-24.2%), from €14,377 to €10,891
- Taxes +€2,775
new in 2025: €2,775
- Financial charges -€1,797
down €1,797 (-57.9%), from €3,107 to €1,310
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 | €993,446 | €922,990 | -€70,457 | -7.1% |
| Fixed assets | 21/28 | €680,518 | €680,518 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €680,518 | €680,518 | = | 0.0% |
| Current assets | 29/58 | €312,929 | €242,472 | -€70,457 | -22.5% |
| Amounts receivable within one year | 40/41 | €300,266 | €178,167 | -€122,099 | -40.7% |
| Trade receivables | 40 | €50,000 | €7,500 | -€42,500 | -85.0% |
| Other amounts receivable | 41 | €250,266 | €170,667 | -€79,599 | -31.8% |
| Cash at bank and in hand | 54/58 | €11,544 | €64,305 | +€52,760 | +457% |
| Deferred charges and accrued income | 490/1 | €1,118 | €0 | -€1,118 | -100% |
| Total equity and liabilities | 10/49 | €993,446 | €922,990 | -€70,457 | -7.1% |
| Equity | 10/15 | €836,838 | €839,871 | +€3,033 | +0.4% |
| Contributions | 10/11 | €297,500 | €297,500 | = | 0.0% |
| Capital | 10 | €297,500 | €297,500 | = | 0.0% |
| Issued capital | 100 | €297,500 | €297,500 | = | 0.0% |
| Reserves | 13 | €539,338 | €542,371 | +€3,033 | +0.6% |
| Non-distributable reserves | 130/1 | €29,750 | €29,750 | = | 0.0% |
| Legal reserve | 130 | €29,750 | €29,750 | = | 0.0% |
| Distributable reserves | 133 | €509,588 | €512,621 | +€3,033 | +0.6% |
| Provisions and deferred taxes | 16 | €28,721 | €28,721 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,721 | €28,721 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,721 | €28,721 | = | 0.0% |
| Amounts payable | 17/49 | €127,887 | €54,397 | -€73,490 | -57.5% |
| Amounts payable within one year | 42/48 | €127,887 | €54,397 | -€73,490 | -57.5% |
| Trade debts | 44 | €14,307 | €4,914 | -€9,394 | -65.7% |
| Suppliers | 440/4 | €14,307 | €4,914 | -€9,394 | -65.7% |
| Advances received on contracts in progress | 46 | €81,350 | €0 | -€81,350 | -100% |
| Taxes, remuneration and social security | 45 | €32,230 | €1,878 | -€30,352 | -94.2% |
| Taxes | 450/3 | €11,208 | €1,878 | -€9,330 | -83.2% |
| Remuneration and social security | 454/9 | €21,022 | €0 | -€21,022 | -100% |
| Other amounts payable | 47/48 | - | €47,606 | +€47,606 | |
| Remuneration, social security and pensions | 62 | €57,308 | €142 | -€57,166 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26 | €0 | -€26 | -100% |
| Other operating charges | 640/8 | €2,970 | €2,774 | -€196 | -6.6% |
| Gross operating margin | 9900 | €39,915 | -€858 | -€40,773 | |
| Operating profit (loss) | 9901 | -€20,389 | -€3,773 | +€16,615 | +81.5% |
| Financial income | 75/76B | €14,377 | €10,891 | -€3,486 | -24.2% |
| Recurring financial income | 75 | €14,377 | €10,891 | -€3,486 | -24.2% |
| Financial charges | 65/66B | €3,107 | €1,310 | -€1,797 | -57.9% |
| Recurring financial charges | 65 | €3,107 | €1,310 | -€1,797 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,119 | €5,808 | +€14,927 | |
| Income taxes | 67/77 | - | €2,775 | +€2,775 | |
| Profit (loss) for the period | 9904 | -€9,119 | €3,033 | +€12,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,119 | €3,033 | +€12,152 |
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 30 October 2026 via checked.be.