RIVULUS: 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.
RIVULUS
Largest movements
- Tangible fixed assets -€87,470
down €87,470 (-35.3%), from €247,551 to €160,081
of which Furniture and vehicles: -€76,487
- Receivables within one year -€56,938
down €56,938 (-29.7%), from €191,680 to €134,741
of which Other amounts receivable: -€42,155
- Stocks and contracts +€7,309
up €7,309 (+34.7%), from €21,047 to €28,356
- Debts after one year -€93,629
down €93,629 (-59.6%), from €157,159 to €63,530
- Trade debts -€64,250
down €64,250 (-75.2%), from €85,466 to €21,216
- Short-term financial debts +€18,695
up €18,695 (+339%), from €5,507 to €24,201
- Current portion of long-term debt -€14,683
down €14,683 (-13.7%), from €107,052 to €92,369
- Tax, wage and social debts +€12,915
up €12,915 (+863%), from €1,497 to €14,412
of which Taxes: +€13,588
- Gross operating margin +€100,028
up €100,028 (+100%), from €99,643 to €199,670
- Staff costs -€11,071
down €11,071 (-23.3%), from €47,584 to €36,513
- Taxes +€5,367
up €5,367 (+652%), from €824 to €6,191
- Financial charges -€5,247
down €5,247 (-21.9%), from €24,002 to €18,754
- Other operating charges -€4,733
down €4,733 (-43.4%), from €10,914 to €6,182
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 | €467,855 | €332,598 | -€135,256 | -28.9% |
| Fixed assets | 21/28 | €247,686 | €163,516 | -€84,170 | -34.0% |
| Tangible fixed assets | 22/27 | €247,551 | €160,081 | -€87,470 | -35.3% |
| Land and buildings | 22 | €1,555 | €5,348 | +€3,793 | +244% |
| Plant, machinery and equipment | 23 | €92,351 | €77,576 | -€14,775 | -16.0% |
| Furniture and vehicles | 24 | €147,546 | €71,059 | -€76,487 | -51.8% |
| Other tangible fixed assets | 26 | €6,098 | €6,098 | = | 0.0% |
| Financial fixed assets | 28 | €135 | €3,435 | +€3,300 | +2,444% |
| Current assets | 29/58 | €220,169 | €169,083 | -€51,086 | -23.2% |
| Stocks and contracts in progress | 3 | €21,047 | €28,356 | +€7,309 | +34.7% |
| Stocks | 30/36 | €21,047 | €28,356 | +€7,309 | +34.7% |
| Amounts receivable within one year | 40/41 | €191,680 | €134,741 | -€56,938 | -29.7% |
| Trade receivables | 40 | €74,317 | €59,533 | -€14,784 | -19.9% |
| Other amounts receivable | 41 | €117,363 | €75,208 | -€42,155 | -35.9% |
| Cash at bank and in hand | 54/58 | €108 | €0 | -€108 | -99.8% |
| Deferred charges and accrued income | 490/1 | €7,334 | €5,985 | -€1,349 | -18.4% |
| Total equity and liabilities | 10/49 | €467,855 | €332,598 | -€135,256 | -28.9% |
| Equity | 10/15 | €111,174 | €116,870 | +€5,695 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,914 | €102,610 | +€5,695 | +5.9% |
| Amounts payable | 17/49 | €356,680 | €215,729 | -€140,952 | -39.5% |
| Amounts payable after more than one year | 17 | €157,159 | €63,530 | -€93,629 | -59.6% |
| Financial debts | 170/4 | €157,159 | €63,530 | -€93,629 | -59.6% |
| Amounts payable within one year | 42/48 | €199,522 | €152,199 | -€47,323 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €107,052 | €92,369 | -€14,683 | -13.7% |
| Financial debts | 43 | €5,507 | €24,201 | +€18,695 | +339% |
| Credit institutions | 430/8 | €5,507 | €24,201 | +€18,695 | +339% |
| Trade debts | 44 | €85,466 | €21,216 | -€64,250 | -75.2% |
| Suppliers | 440/4 | €85,466 | €21,216 | -€64,250 | -75.2% |
| Taxes, remuneration and social security | 45 | €1,497 | €14,412 | +€12,915 | +863% |
| Taxes | 450/3 | €824 | €14,412 | +€13,588 | +1,650% |
| Remuneration and social security | 454/9 | €673 | €0 | -€673 | -100% |
| Non-recurring operating income | 76A | €839 | €0 | -€839 | -100% |
| Remuneration, social security and pensions | 62 | €47,584 | €36,513 | -€11,071 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,416 | €66,585 | +€170 | +0.3% |
| Other operating charges | 640/8 | €10,914 | €6,182 | -€4,733 | -43.4% |
| Non-recurring operating charges | 66A | €10,105 | €20,409 | +€10,304 | +102% |
| Gross operating margin | 9900 | €99,643 | €199,670 | +€100,028 | +100% |
| Operating profit (loss) | 9901 | -€35,376 | €69,982 | +€105,358 | |
| Financial income | 75/76B | €4,082 | €5,659 | +€1,577 | +38.6% |
| Recurring financial income | 75 | €4,082 | €5,659 | +€1,577 | +38.6% |
| Financial charges | 65/66B | €24,002 | €18,754 | -€5,247 | -21.9% |
| Recurring financial charges | 65 | €24,002 | €18,754 | -€5,247 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,296 | €56,886 | +€112,182 | |
| Income taxes | 67/77 | €824 | €6,191 | +€5,367 | +652% |
| Profit (loss) for the period | 9904 | -€56,120 | €50,695 | +€106,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,120 | €50,695 | +€106,815 |
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 14 October 2026 via checked.be.