RVR MANAGEMENT: 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.
RVR MANAGEMENT
Largest movements
- Cash +€61,863
up €61,863 (+133%), from €46,645 to €108,508
mainly Net result for the year (+€88,778) and Depreciation (+€15,511)
- Tangible fixed assets +€12,274
up €12,274 (+1.8%), from €666,674 to €678,949
of which Land and buildings: +€12,274
- Reserves +€88,778
up €88,778 (+21.2%), from €419,666 to €508,444
- Other debts -€25,563
down €25,563 (-10.1%), from €251,858 to €226,296
- Tax, wage and social debts +€10,419
up €10,419 (+43.3%), from €24,053 to €34,472
- Depreciation -€19,538
down €19,538 (-55.7%), from €35,050 to €15,511
- Gross operating margin +€14,318
up €14,318 (+9.4%), from €152,085 to €166,404
- Taxes +€12,892
up €12,892 (+43.0%), from €29,980 to €42,871
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 | €717,452 | €788,878 | +€71,426 | +10.0% |
| Fixed assets | 21/28 | €666,674 | €678,949 | +€12,274 | +1.8% |
| Tangible fixed assets | 22/27 | €666,674 | €678,949 | +€12,274 | +1.8% |
| Land and buildings | 22 | €666,674 | €678,949 | +€12,274 | +1.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €50,778 | €109,929 | +€59,151 | +116% |
| Amounts receivable within one year | 40/41 | €4,132 | €1,421 | -€2,712 | -65.6% |
| Trade receivables | 40 | €2,206 | €1,421 | -€785 | -35.6% |
| Other amounts receivable | 41 | €1,927 | €0 | -€1,927 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,645 | €108,508 | +€61,863 | +133% |
| Total equity and liabilities | 10/49 | €717,452 | €788,878 | +€71,426 | +10.0% |
| Equity | 10/15 | €438,266 | €527,044 | +€88,778 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €419,666 | €508,444 | +€88,778 | +21.2% |
| Distributable reserves | 133 | €419,666 | €508,444 | +€88,778 | +21.2% |
| Amounts payable | 17/49 | €279,186 | €261,834 | -€17,352 | -6.2% |
| Amounts payable within one year | 42/48 | €279,186 | €261,834 | -€17,352 | -6.2% |
| Trade debts | 44 | €3,275 | €1,066 | -€2,208 | -67.4% |
| Suppliers | 440/4 | €3,275 | €1,066 | -€2,208 | -67.4% |
| Taxes, remuneration and social security | 45 | €24,053 | €34,472 | +€10,419 | +43.3% |
| Taxes | 450/3 | €24,053 | €34,472 | +€10,419 | +43.3% |
| Other amounts payable | 47/48 | €251,858 | €226,296 | -€25,563 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,050 | €15,511 | -€19,538 | -55.7% |
| Other operating charges | 640/8 | €1,039 | €2,098 | +€1,059 | +102% |
| Gross operating margin | 9900 | €152,085 | €166,404 | +€14,318 | +9.4% |
| Operating profit (loss) | 9901 | €115,996 | €148,794 | +€32,798 | +28.3% |
| Financial income | 75/76B | €433 | €60 | -€373 | -86.1% |
| Recurring financial income | 75 | €433 | €60 | -€373 | -86.1% |
| Financial charges | 65/66B | €17,484 | €17,205 | -€279 | -1.6% |
| Recurring financial charges | 65 | €17,484 | €17,205 | -€279 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €98,946 | €131,649 | +€32,704 | +33.1% |
| Income taxes | 67/77 | €29,980 | €42,871 | +€12,892 | +43.0% |
| Profit (loss) for the period | 9904 | €68,966 | €88,778 | +€19,812 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,966 | €88,778 | +€19,812 | +28.7% |
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 20 October 2026 via checked.be.