Els De Ridder: what changed
Els De Ridder
Largest movements
- Current investments +€24,000
up €24,000 (+128%), from €18,750 to €42,750
- Tangible fixed assets -€22,228
down €22,228 (-9.8%), from €226,613 to €204,385
of which Other tangible fixed assets: -€15,778
- Cash -€9,113
down €9,113 (-29.8%), from €30,617 to €21,504
mainly Current investments (-€24,000) and Debts after one year (-€18,001)
- Receivables within one year +€4,185
up €4,185 (+39.7%), from €10,548 to €14,733
of which Trade receivables: +€4,167
- Debts after one year -€18,001
down €18,001 (-7.0%), from €258,312 to €240,311
- Current portion of long-term debt -€8,756
down €8,756 (-32.7%), from €26,757 to €18,001
- Reserves +€7,739
up €7,739 (+429%), from €1,805 to €9,545
- Tax, wage and social debts +€6,920
up €6,920 (+312%), from €2,216 to €9,136
- Other debts +€6,046
up €6,046 (+36.0%), from €16,817 to €22,863
- Gross operating margin +€10,096
up €10,096 (+24.3%), from €41,470 to €51,567
- Taxes +€4,562
new in 2025: €4,562
- Financial charges -€545
down €545 (-8.4%), from €6,478 to €5,933
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,687 | €290,583 | -€6,104 | -2.1% |
| Fixed assets | 21/28 | €235,698 | €210,970 | -€24,728 | -10.5% |
| Intangible fixed assets | 21 | €8,125 | €5,625 | -€2,500 | -30.8% |
| Tangible fixed assets | 22/27 | €226,613 | €204,385 | -€22,228 | -9.8% |
| Land and buildings | 22 | €4,373 | €4,043 | -€330 | -7.5% |
| Furniture and vehicles | 24 | €957 | €6,122 | +€5,165 | +539% |
| Leasing and similar rights | 25 | €12,226 | €940 | -€11,285 | -92.3% |
| Other tangible fixed assets | 26 | €209,058 | €193,280 | -€15,778 | -7.5% |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €60,989 | €79,613 | +€18,624 | +30.5% |
| Amounts receivable within one year | 40/41 | €10,548 | €14,733 | +€4,185 | +39.7% |
| Trade receivables | 40 | €10,491 | €14,657 | +€4,167 | +39.7% |
| Other amounts receivable | 41 | €57 | €75 | +€18 | +31.1% |
| Current investments | 50/53 | €18,750 | €42,750 | +€24,000 | +128% |
| Cash at bank and in hand | 54/58 | €30,617 | €21,504 | -€9,113 | -29.8% |
| Deferred charges and accrued income | 490/1 | €1,074 | €627 | -€447 | -41.6% |
| Total equity and liabilities | 10/49 | €296,687 | €290,583 | -€6,104 | -2.1% |
| Equity | 10/15 | -€8,175 | -€435 | +€7,739 | +94.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,805 | €9,545 | +€7,739 | +429% |
| Distributable reserves | 133 | €1,805 | €9,545 | +€7,739 | +429% |
| Profit (loss) carried forward | 14 | -€22,380 | -€22,380 | = | 0.0% |
| Amounts payable | 17/49 | €304,862 | €291,018 | -€13,844 | -4.5% |
| Amounts payable after more than one year | 17 | €258,312 | €240,311 | -€18,001 | -7.0% |
| Financial debts | 170/4 | €258,312 | €240,311 | -€18,001 | -7.0% |
| Amounts payable within one year | 42/48 | €46,550 | €50,707 | +€4,157 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €26,757 | €18,001 | -€8,756 | -32.7% |
| Trade debts | 44 | €760 | €707 | -€53 | -7.0% |
| Suppliers | 440/4 | €760 | €707 | -€53 | -7.0% |
| Taxes, remuneration and social security | 45 | €2,216 | €9,136 | +€6,920 | +312% |
| Taxes | 450/3 | €2,216 | €9,136 | +€6,920 | +312% |
| Other amounts payable | 47/48 | €16,817 | €22,863 | +€6,046 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,443 | €30,396 | -€47 | -0.2% |
| Other operating charges | 640/8 | €2,744 | €2,937 | +€193 | +7.0% |
| Gross operating margin | 9900 | €41,470 | €51,567 | +€10,096 | +24.3% |
| Operating profit (loss) | 9901 | €8,283 | €18,234 | +€9,951 | +120% |
| Financial charges | 65/66B | €6,478 | €5,933 | -€545 | -8.4% |
| Recurring financial charges | 65 | €6,478 | €5,933 | -€545 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,805 | €12,301 | +€10,496 | +581% |
| Income taxes | 67/77 | - | €4,562 | +€4,562 | |
| Profit (loss) for the period | 9904 | €1,805 | €7,739 | +€5,934 | +329% |
| Profit (loss) for the period to be appropriated | 9905 | €1,805 | €7,739 | +€5,934 | +329% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.