RIVVAS: 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.
RIVVAS
Largest movements
- Tangible fixed assets -€58,130
down €58,130 (-34.4%), from €168,801 to €110,671
of which Other tangible fixed assets: -€49,887
- Receivables within one year -€32,763
down €32,763 (-35.5%), from €92,290 to €59,527
of which Other amounts receivable: -€37,159
- Cash -€32,042
down €32,042 (-27.7%), from €115,551 to €83,509
mainly Trade debts (-€95,717) and Current portion of long-term debt (-€47,517)
- Stocks and contracts +€10,934
up €10,934 (+3.9%), from €277,517 to €288,452
- Trade debts -€95,717
down €95,717 (-26.1%), from €367,060 to €271,342
- Current portion of long-term debt -€47,517
down €47,517 (-74.0%), from €64,184 to €16,667
- Profit (loss) carried forward +€44,127
up €44,127 (+40.4%), from -€109,101 to -€64,974
- Debts after one year -€16,667
down €16,667 (-31.6%), from €52,778 to €36,111
- Tax, wage and social debts +€7,275
up €7,275 (+9.8%), from €74,010 to €81,285
of which Remuneration and social security: +€4,725
- Gross operating margin -€27,290
down €27,290 (-5.2%), from €522,225 to €494,935
- Other operating charges +€6,827
up €6,827 (+3661.9%), from €186 to €7,013
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 | €658,233 | €549,735 | -€108,498 | -16.5% |
| Fixed assets | 21/28 | €172,251 | €114,121 | -€58,130 | -33.7% |
| Tangible fixed assets | 22/27 | €168,801 | €110,671 | -€58,130 | -34.4% |
| Plant, machinery and equipment | 23 | €10,611 | €7,604 | -€3,007 | -28.3% |
| Furniture and vehicles | 24 | €13,295 | €8,059 | -€5,236 | -39.4% |
| Other tangible fixed assets | 26 | €144,895 | €95,008 | -€49,887 | -34.4% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €485,982 | €435,614 | -€50,368 | -10.4% |
| Stocks and contracts in progress | 3 | €277,517 | €288,452 | +€10,934 | +3.9% |
| Stocks | 30/36 | €277,517 | €288,452 | +€10,934 | +3.9% |
| Amounts receivable within one year | 40/41 | €92,290 | €59,527 | -€32,763 | -35.5% |
| Trade receivables | 40 | €8,469 | €12,865 | +€4,396 | +51.9% |
| Other amounts receivable | 41 | €83,821 | €46,662 | -€37,159 | -44.3% |
| Cash at bank and in hand | 54/58 | €115,551 | €83,509 | -€32,042 | -27.7% |
| Deferred charges and accrued income | 490/1 | €624 | €4,126 | +€3,502 | +561.3% |
| Total equity and liabilities | 10/49 | €658,233 | €549,735 | -€108,498 | -16.5% |
| Equity | 10/15 | €90,899 | €135,026 | +€44,127 | +48.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,101 | -€64,974 | +€44,127 | +40.4% |
| Amounts payable | 17/49 | €567,335 | €414,709 | -€152,626 | -26.9% |
| Amounts payable after more than one year | 17 | €52,778 | €36,111 | -€16,667 | -31.6% |
| Financial debts | 170/4 | €52,778 | €36,111 | -€16,667 | -31.6% |
| Amounts payable within one year | 42/48 | €514,557 | €378,598 | -€135,959 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €64,184 | €16,667 | -€47,517 | -74.0% |
| Trade debts | 44 | €367,060 | €271,342 | -€95,717 | -26.1% |
| Suppliers | 440/4 | €367,060 | €271,342 | -€95,717 | -26.1% |
| Taxes, remuneration and social security | 45 | €74,010 | €81,285 | +€7,275 | +9.8% |
| Taxes | 450/3 | €3,692 | €6,241 | +€2,550 | +69.1% |
| Remuneration and social security | 454/9 | €70,318 | €75,044 | +€4,725 | +6.7% |
| Other amounts payable | 47/48 | €9,304 | €9,304 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €360,478 | €363,705 | +€3,227 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,483 | €58,130 | +€2,647 | +4.8% |
| Other operating charges | 640/8 | €186 | €7,013 | +€6,827 | +3661.9% |
| Gross operating margin | 9900 | €522,225 | €494,935 | -€27,290 | -5.2% |
| Operating profit (loss) | 9901 | €106,078 | €66,087 | -€39,991 | -37.7% |
| Financial income | 75/76B | €610 | €688 | +€78 | +12.8% |
| Recurring financial income | 75 | €610 | €688 | +€78 | +12.8% |
| Financial charges | 65/66B | €23,727 | €22,647 | -€1,080 | -4.6% |
| Recurring financial charges | 65 | €23,727 | €22,647 | -€1,080 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €82,961 | €44,127 | -€38,833 | -46.8% |
| Profit (loss) for the period | 9904 | €82,961 | €44,127 | -€38,833 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,961 | €44,127 | -€38,833 | -46.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.