RIVV: what changed
Two fiscal 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.
RIVV
Largest movements
- Tangible fixed assets -€32,327
down €32,327 (-3.9%), from €838,800 to €806,473
of which Land and buildings: -€31,136
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€25,457
down €25,457 (-38.3%), from €66,489 to €41,032
- Taxes -€4,059
no longer reported in 2025 (was €4,059)
- Depreciation +€1,439
up €1,439 (+3.4%), from €42,736 to €44,175
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.
Cash bridge derived
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 | €898,326 | €879,158 | -€19,167 | -2.1% |
| Fixed assets | 21/28 | €838,800 | €806,473 | -€32,327 | -3.9% |
| Tangible fixed assets | 22/27 | €838,800 | €806,473 | -€32,327 | -3.9% |
| Land and buildings | 22 | €833,348 | €802,211 | -€31,136 | -3.7% |
| Plant, machinery and equipment | 23 | €5,453 | €4,262 | -€1,191 | -21.8% |
| Current assets | 29/58 | €59,526 | €72,686 | +€13,160 | +22.1% |
| Amounts receivable within one year | 40/41 | €8,250 | €13,278 | +€5,028 | +60.9% |
| Trade receivables | 40 | €8,250 | €13,200 | +€4,950 | +60.0% |
| Other amounts receivable | 41 | - | €78 | +€78 | |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €48,987 | €57,030 | +€8,044 | +16.4% |
| Deferred charges and accrued income | 490/1 | €289 | €378 | +€89 | +30.8% |
| Total equity and liabilities | 10/49 | €898,326 | €879,158 | -€19,167 | -2.1% |
| Equity | 10/15 | €883,378 | €876,150 | -€7,228 | -0.8% |
| Contributions | 10/11 | €125,297 | €125,297 | = | 0.0% |
| Capital | 10 | €125,297 | €125,297 | = | 0.0% |
| Issued capital | 100 | €125,297 | €125,297 | = | 0.0% |
| Reserves | 13 | €14,530 | €14,530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,530 | €14,530 | = | 0.0% |
| Legal reserve | 130 | €12,530 | €12,530 | = | 0.0% |
| Own shares acquired | 1312 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €743,552 | €736,324 | -€7,228 | -1.0% |
| Amounts payable | 17/49 | €14,948 | €3,008 | -€11,939 | -79.9% |
| Amounts payable within one year | 42/48 | €13,980 | €2,010 | -€11,970 | -85.6% |
| Trade debts | 44 | €9,761 | €1,924 | -€7,836 | -80.3% |
| Suppliers | 440/4 | €9,761 | €1,924 | -€7,836 | -80.3% |
| Taxes, remuneration and social security | 45 | €4,219 | - | -€4,219 | |
| Taxes | 450/3 | €4,219 | - | -€4,219 | |
| Other amounts payable | 47/48 | - | €85 | +€85 | |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating income | 76A | €4,404 | - | -€4,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,736 | €44,175 | +€1,439 | +3.4% |
| Other operating charges | 640/8 | €4,421 | €3,883 | -€538 | -12.2% |
| Gross operating margin | 9900 | €66,489 | €41,032 | -€25,457 | -38.3% |
| Operating profit (loss) | 9901 | €19,332 | -€7,025 | -€26,358 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €319 | €227 | -€92 | -28.9% |
| Recurring financial charges | 65 | €319 | €227 | -€92 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €19,013 | -€7,228 | -€26,241 | |
| Income taxes | 67/77 | €4,059 | - | -€4,059 | |
| Profit (loss) for the period | 9904 | €14,954 | -€7,228 | -€22,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,954 | -€7,228 | -€22,182 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.