De Ridder Thomas: 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.
De Ridder Thomas
Largest movements
- Current investments -€169,905
no longer reported in 2025 (was €169,905)
- Tangible fixed assets -€119,236
down €119,236 (-2.8%), from €4.2m to €4.1m
of which Land and buildings: -€113,233
- Reserves +€507,526
up €507,526 (+27.6%), from €1.8m to €2.3m
- Other debts -€473,669
down €473,669 (-36.6%), from €1.3m to €819,114
- Debts after one year -€374,691
down €374,691 (-45.8%), from €818,103 to €443,413
- Financial income +€147,061
up €147,061 (+2,840%), from €5,178 to €152,240
- Gross operating margin -€47,513
down €47,513 (-19.7%), from €241,680 to €194,167
- Other operating charges -€40,501
down €40,501 (-80.5%), from €50,285 to €9,785
- Financial charges +€6,639
up €6,639 (+39.0%), from €17,029 to €23,668
- Depreciation +€4,703
up €4,703 (+3.0%), from €155,359 to €160,062
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 | €5,588,721 | €5,192,319 | -€396,403 | -7.1% |
| Fixed assets | 21/28 | €5,319,923 | €5,166,283 | -€153,640 | -2.9% |
| Intangible fixed assets | 21 | €120,271 | €85,867 | -€34,403 | -28.6% |
| Tangible fixed assets | 22/27 | €4,210,043 | €4,090,807 | -€119,236 | -2.8% |
| Land and buildings | 22 | €4,156,063 | €4,042,830 | -€113,233 | -2.7% |
| Plant, machinery and equipment | 23 | €32,640 | €32,014 | -€626 | -1.9% |
| Furniture and vehicles | 24 | €21,340 | €15,963 | -€5,377 | -25.2% |
| Financial fixed assets | 28 | €989,609 | €989,609 | = | 0.0% |
| Current assets | 29/58 | €268,798 | €26,035 | -€242,763 | -90.3% |
| Amounts receivable after more than one year | 29 | €45,000 | - | -€45,000 | |
| Other amounts receivable | 291 | €45,000 | - | -€45,000 | |
| Amounts receivable within one year | 40/41 | €24,222 | €18,972 | -€5,250 | -21.7% |
| Trade receivables | 40 | €6,120 | - | -€6,120 | |
| Other amounts receivable | 41 | €18,102 | €18,972 | +€870 | +4.8% |
| Current investments | 50/53 | €169,905 | - | -€169,905 | |
| Cash at bank and in hand | 54/58 | €10,719 | €480 | -€10,239 | -95.5% |
| Deferred charges and accrued income | 490/1 | €18,953 | €6,583 | -€12,369 | -65.3% |
| Total equity and liabilities | 10/49 | €5,588,721 | €5,192,319 | -€396,403 | -7.1% |
| Equity | 10/15 | €3,368,271 | €3,875,797 | +€507,526 | +15.1% |
| Contributions | 10/11 | €1,531,200 | €1,531,200 | = | 0.0% |
| Reserves | 13 | €1,837,071 | €2,344,597 | +€507,526 | +27.6% |
| Distributable reserves | 133 | €1,837,071 | €2,344,597 | +€507,526 | +27.6% |
| Amounts payable | 17/49 | €2,220,451 | €1,316,522 | -€903,929 | -40.7% |
| Amounts payable after more than one year | 17 | €818,103 | €443,413 | -€374,691 | -45.8% |
| Financial debts | 170/4 | €818,103 | €443,413 | -€374,691 | -45.8% |
| Amounts payable within one year | 42/48 | €1,394,866 | €870,111 | -€524,755 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €100,285 | €44,451 | -€55,833 | -55.7% |
| Trade debts | 44 | €1,798 | €6,545 | +€4,747 | +264% |
| Suppliers | 440/4 | €1,798 | €6,545 | +€4,747 | +264% |
| Other amounts payable | 47/48 | €1,292,783 | €819,114 | -€473,669 | -36.6% |
| Accrued charges and deferred income | 492/3 | €7,481 | €2,998 | -€4,483 | -59.9% |
| Non-recurring operating income | 76A | €9,585 | - | -€9,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,359 | €160,062 | +€4,703 | +3.0% |
| Other operating charges | 640/8 | €50,285 | €9,785 | -€40,501 | -80.5% |
| Non-recurring operating charges | 66A | - | €35,846 | +€35,846 | |
| Gross operating margin | 9900 | €241,680 | €194,167 | -€47,513 | -19.7% |
| Operating profit (loss) | 9901 | €36,036 | -€11,525 | -€47,561 | |
| Financial income | 75/76B | €5,178 | €152,240 | +€147,061 | +2,840% |
| Recurring financial income | 75 | €5,178 | €152,240 | +€147,061 | +2,840% |
| Financial charges | 65/66B | €17,029 | €23,668 | +€6,639 | +39.0% |
| Recurring financial charges | 65 | €17,029 | €23,668 | +€6,639 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €24,185 | €117,047 | +€92,862 | +384% |
| Income taxes | 67/77 | €5,710 | €7,611 | +€1,901 | +33.3% |
| Profit (loss) for the period | 9904 | €18,475 | €109,436 | +€90,961 | +492% |
| Profit (loss) for the period to be appropriated | 9905 | €18,475 | €109,436 | +€90,961 | +492% |
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 23 October 2026 via checked.be.