RIVS: 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.
RIVS
Largest movements
- Cash +€71,325
up €71,325 (+133%), from €53,770 to €125,095
mainly Net result for the year (+€103,640) and Other debts (+€59,084)
- Receivables within one year +€42,055
up €42,055 (+121%), from €34,713 to €76,768
of which Trade receivables: +€27,331
- Deferred charges and accrued income -€33,404
down €33,404 (-91.9%), from €36,336 to €2,932
- Receivables after one year -€13,333
down €13,333 (-66.3%), from €20,098 to €6,764
- Tangible fixed assets +€4,976
up €4,976 (+2.7%), from €184,004 to €188,980
of which Other tangible fixed assets: +€20,433
- Other debts +€59,084
up €59,084 (+832%), from €7,100 to €66,185
- Reserves +€33,972
up €33,972 (+19.6%), from €173,177 to €207,149
of which Distributable reserves: +€33,972
- Current portion of long-term debt -€19,963
down €19,963 (-91.6%), from €21,796 to €1,834
- Gross operating margin -€42,932
down €42,932 (-21.5%), from €199,396 to €156,464
- Taxes +€25,639
up €25,639 (+104%), from €24,664 to €50,303
- Write-downs -€15,982
new in 2025: -€15,982
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 | €334,681 | €402,639 | +€67,958 | +20.3% |
| Fixed assets | 21/28 | €184,004 | €188,980 | +€4,976 | +2.7% |
| Tangible fixed assets | 22/27 | €184,004 | €188,980 | +€4,976 | +2.7% |
| Land and buildings | 22 | €161,806 | €150,056 | -€11,750 | -7.3% |
| Plant, machinery and equipment | 23 | €2,623 | €2,354 | -€269 | -10.3% |
| Furniture and vehicles | 24 | €18,614 | €15,175 | -€3,439 | -18.5% |
| Other tangible fixed assets | 26 | €961 | €21,395 | +€20,433 | +2,126% |
| Current assets | 29/58 | €150,676 | €213,658 | +€62,982 | +41.8% |
| Amounts receivable after more than one year | 29 | €20,098 | €6,764 | -€13,333 | -66.3% |
| Other amounts receivable | 291 | €20,098 | €6,764 | -€13,333 | -66.3% |
| Stocks and contracts in progress | 3 | €5,760 | €2,100 | -€3,660 | -63.5% |
| Stocks | 30/36 | €5,760 | €2,100 | -€3,660 | -63.5% |
| Amounts receivable within one year | 40/41 | €34,713 | €76,768 | +€42,055 | +121% |
| Trade receivables | 40 | €32,188 | €59,520 | +€27,331 | +84.9% |
| Other amounts receivable | 41 | €2,524 | €17,248 | +€14,723 | +583% |
| Cash at bank and in hand | 54/58 | €53,770 | €125,095 | +€71,325 | +133% |
| Deferred charges and accrued income | 490/1 | €36,336 | €2,932 | -€33,404 | -91.9% |
| Total equity and liabilities | 10/49 | €334,681 | €402,639 | +€67,958 | +20.3% |
| Equity | 10/15 | €295,638 | €329,609 | +€33,972 | +11.5% |
| Contributions | 10/11 | €122,461 | €122,461 | = | 0.0% |
| Reserves | 13 | €173,177 | €207,149 | +€33,972 | +19.6% |
| Non-distributable reserves | 130/1 | €12,246 | €12,246 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,246 | €12,246 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €142,181 | €176,153 | +€33,972 | +23.9% |
| Amounts payable | 17/49 | €39,043 | €73,029 | +€33,986 | +87.0% |
| Amounts payable after more than one year | 17 | €1,834 | - | -€1,834 | |
| Financial debts | 170/4 | €1,834 | - | -€1,834 | |
| Amounts payable within one year | 42/48 | €35,372 | €73,029 | +€37,657 | +106% |
| Current portion of amounts payable after more than one year | 42 | €21,796 | €1,834 | -€19,963 | -91.6% |
| Trade debts | 44 | €1,465 | €1,082 | -€383 | -26.1% |
| Suppliers | 440/4 | €1,465 | €1,082 | -€383 | -26.1% |
| Taxes, remuneration and social security | 45 | €5,011 | €3,929 | -€1,082 | -21.6% |
| Taxes | 450/3 | €5,011 | €3,929 | -€1,082 | -21.6% |
| Other amounts payable | 47/48 | €7,100 | €66,185 | +€59,084 | +832% |
| Accrued charges and deferred income | 492/3 | €1,837 | - | -€1,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,167 | €17,344 | +€177 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€15,982 | -€15,982 | |
| Other operating charges | 640/8 | €1,271 | €1,724 | +€453 | +35.6% |
| Gross operating margin | 9900 | €199,396 | €156,464 | -€42,932 | -21.5% |
| Operating profit (loss) | 9901 | €180,958 | €153,378 | -€27,580 | -15.2% |
| Financial income | 75/76B | €351 | €1,046 | +€695 | +198% |
| Recurring financial income | 75 | €351 | €1,046 | +€695 | +198% |
| Financial charges | 65/66B | €912 | €482 | -€429 | -47.1% |
| Recurring financial charges | 65 | €912 | €482 | -€429 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €180,398 | €153,942 | -€26,456 | -14.7% |
| Income taxes | 67/77 | €24,664 | €50,303 | +€25,639 | +104% |
| Profit (loss) for the period | 9904 | €155,734 | €103,640 | -€52,094 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,734 | €103,640 | -€52,094 | -33.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.