De Ridders: 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.
De Ridders
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+114.3%), from €1.1m to €2.4m
of which Assets under construction and advance payments: +€1.2m
- Stocks and contracts -€464,261
down €464,261 (-100.0%), from €464,261 to €0
- Cash +€166,967
up €166,967 (+185.1%), from €90,212 to €257,179
mainly Debts after one year (+€1.2m) and Stocks and contracts (+€464,261)
- Receivables within one year -€82,780
down €82,780 (-79.8%), from €103,692 to €20,912
of which Other amounts receivable: -€88,480
- Debts after one year +€1.2m
up €1.2m (+369.4%), from €315,000 to €1.5m
- Other debts -€359,512
down €359,512 (-48.4%), from €742,581 to €383,069
- Trade debts +€129,976
up €129,976 (+162.2%), from €80,126 to €210,102
- Gross operating margin -€19,924
down €19,924, from €2,374 to -€17,550
- Other operating charges -€18,901
down €18,901 (-74.2%), from €25,471 to €6,570
- Financial charges +€6,321
up €6,321, from -€5,433 to €888
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 | €1,791,616 | €2,706,308 | +€914,692 | +51.1% |
| Fixed assets | 21/28 | €1,132,716 | €2,427,770 | +€1.3m | +114.3% |
| Tangible fixed assets | 22/27 | €1,132,716 | €2,427,770 | +€1.3m | +114.3% |
| Land and buildings | 22 | €286,601 | €341,101 | +€54,500 | +19.0% |
| Assets under construction and advance payments | 27 | €846,115 | €2,086,669 | +€1.2m | +146.6% |
| Current assets | 29/58 | €658,900 | €278,538 | -€380,362 | -57.7% |
| Stocks and contracts in progress | 3 | €464,261 | €0 | -€464,261 | -100.0% |
| Stocks | 30/36 | €464,261 | €0 | -€464,261 | -100.0% |
| Amounts receivable within one year | 40/41 | €103,692 | €20,912 | -€82,780 | -79.8% |
| Trade receivables | 40 | €0 | €5,700 | +€5,700 | |
| Other amounts receivable | 41 | €103,692 | €15,212 | -€88,480 | -85.3% |
| Cash at bank and in hand | 54/58 | €90,212 | €257,179 | +€166,967 | +185.1% |
| Deferred charges and accrued income | 490/1 | €736 | €448 | -€288 | -39.2% |
| Total equity and liabilities | 10/49 | €1,791,616 | €2,706,308 | +€914,692 | +51.1% |
| Equity | 10/15 | €653,223 | €628,216 | -€25,007 | -3.8% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,777 | -€71,784 | -€25,007 | -53.5% |
| Amounts payable | 17/49 | €1,138,393 | €2,078,093 | +€939,699 | +82.5% |
| Amounts payable after more than one year | 17 | €315,000 | €1,478,547 | +€1.2m | +369.4% |
| Financial debts | 170/4 | €315,000 | €1,478,547 | +€1.2m | +369.4% |
| Amounts payable within one year | 42/48 | €823,393 | €593,171 | -€230,223 | -28.0% |
| Trade debts | 44 | €80,126 | €210,102 | +€129,976 | +162.2% |
| Suppliers | 440/4 | €80,126 | €210,102 | +€129,976 | +162.2% |
| Taxes, remuneration and social security | 45 | €686 | €0 | -€686 | -100.0% |
| Taxes | 450/3 | €686 | €0 | -€686 | -100.0% |
| Other amounts payable | 47/48 | €742,581 | €383,069 | -€359,512 | -48.4% |
| Accrued charges and deferred income | 492/3 | - | €6,375 | +€6,375 | |
| Other operating charges | 640/8 | €25,471 | €6,570 | -€18,901 | -74.2% |
| Gross operating margin | 9900 | €2,374 | -€17,550 | -€19,924 | |
| Operating profit (loss) | 9901 | -€23,097 | -€24,120 | -€1,023 | -4.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8600.0% |
| Financial charges | 65/66B | -€5,433 | €888 | +€6,321 | |
| Recurring financial charges | 65 | -€5,433 | €888 | +€6,321 | |
| Profit (loss) for the period before taxes | 9903 | -€17,664 | -€25,007 | -€7,344 | -41.6% |
| Profit (loss) for the period | 9904 | -€17,664 | -€25,007 | -€7,344 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,664 | -€25,007 | -€7,344 | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.