GOLF DE RIGENEE: 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.
What changed
GOLF DE RIGENEE
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€692
2024 · -€987+€1,680
Equity
€288,064
2024 · €287,372+€692
Cash
€719,754
2024 · €534,558+€185,196
Balance sheet total
€2.2m
2024 · €2.1m+€71,714
Largest movements
Assets
- Cash +€185,196
up €185,196 (+34.6%), from €534,558 to €719,754
mainly Depreciation (+€218,667) and Trade debts (+€121,179)
- Tangible fixed assets -€90,451
down €90,451 (-6.7%), from €1.3m to €1.3m
of which Plant, machinery and equipment: -€61,245
Equity and liabilities
- Trade debts +€121,179
up €121,179 (+15.3%), from €789,641 to €910,820
- Debts after one year -€59,059
down €59,059 (-10.5%), from €563,444 to €504,385
Income statement
- Gross operating margin +€82,076
up €82,076 (+11.0%), from €745,616 to €827,692
- Depreciation +€18,500
up €18,500 (+9.2%), from €200,167 to €218,667
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.
Result 2024
-€987
Gross operating margin
+€82,076
Staff costs
-€5,859
Depreciation
-€18,500
Other operating charges
+€982
Other operating items
-€52,254
Financial income
+€3,158
Financial charges
-€3,996
Taxes
-€3,927
Result 2025
€692
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€372,599
Investment
-€128,216
Financing
-€59,187
Cash 2024
€534,558
From operations (derived)
+€372,599
Net result for the year
+€692
Depreciation
+€218,667
Stocks and contracts
+€13,092
Receivables within one year
+€16,917
Deferred charges and accrued income
-€6,978
Trade debts
+€121,179
Tax, wage and social debts
+€553
Other debts
+€8,676
Accrued charges and deferred income
-€200
Investment (derived)
-€128,216
Investment in fixed assets (net)
-€128,216
Financing
-€59,187
Debts after one year
-€59,059
Current portion of long-term debt
+€235
Short-term financial debts
-€363
Cash 2025
€719,754
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,093,026 | €2,164,739 | +€71,714 | +3.4% |
| Fixed assets | 21/28 | €1,344,312 | €1,253,861 | -€90,451 | -6.7% |
| Tangible fixed assets | 22/27 | €1,343,536 | €1,253,085 | -€90,451 | -6.7% |
| Land and buildings | 22 | €185,289 | €180,333 | -€4,956 | -2.7% |
| Plant, machinery and equipment | 23 | €816,787 | €755,541 | -€61,245 | -7.5% |
| Furniture and vehicles | 24 | €18,664 | €20,828 | +€2,164 | +11.6% |
| Leasing and similar rights | 25 | €322,796 | €296,383 | -€26,413 | -8.2% |
| Financial fixed assets | 28 | €776 | €776 | = | 0.0% |
| Current assets | 29/58 | €748,714 | €910,878 | +€162,164 | +21.7% |
| Stocks and contracts in progress | 3 | €110,308 | €97,216 | -€13,092 | -11.9% |
| Stocks | 30/36 | €110,308 | €97,216 | -€13,092 | -11.9% |
| Amounts receivable within one year | 40/41 | €95,693 | €78,776 | -€16,917 | -17.7% |
| Trade receivables | 40 | €69,449 | €45,647 | -€23,801 | -34.3% |
| Other amounts receivable | 41 | €26,245 | €33,129 | +€6,884 | +26.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €534,558 | €719,754 | +€185,196 | +34.6% |
| Deferred charges and accrued income | 490/1 | €8,155 | €15,133 | +€6,978 | +85.6% |
| Total equity and liabilities | 10/49 | €2,093,026 | €2,164,739 | +€71,714 | +3.4% |
| Equity | 10/15 | €287,372 | €288,064 | +€692 | +0.2% |
| Contributions | 10/11 | €161,199 | €161,199 | = | 0.0% |
| Capital | 10 | €161,199 | €161,199 | = | 0.0% |
| Issued capital | 100 | €161,199 | €161,199 | = | 0.0% |
| Reserves | 13 | €29,017 | €29,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,120 | €16,120 | = | 0.0% |
| Legal reserve | 130 | €16,120 | €16,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,897 | €12,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,156 | €97,848 | +€692 | +0.7% |
| Amounts payable | 17/49 | €1,805,654 | €1,876,675 | +€71,021 | +3.9% |
| Amounts payable after more than one year | 17 | €563,444 | €504,385 | -€59,059 | -10.5% |
| Financial debts | 170/4 | €563,444 | €504,385 | -€59,059 | -10.5% |
| Amounts payable within one year | 42/48 | €1,241,410 | €1,371,690 | +€130,281 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €175,969 | €176,204 | +€235 | +0.1% |
| Financial debts | 43 | €363 | €0 | -€363 | -100% |
| Credit institutions | 430/8 | €363 | €0 | -€363 | -100% |
| Trade debts | 44 | €789,641 | €910,820 | +€121,179 | +15.3% |
| Suppliers | 440/4 | €789,641 | €910,820 | +€121,179 | +15.3% |
| Taxes, remuneration and social security | 45 | €45,686 | €46,239 | +€553 | +1.2% |
| Taxes | 450/3 | €1,507 | €6,144 | +€4,637 | +308% |
| Remuneration and social security | 454/9 | €44,178 | €40,095 | -€4,083 | -9.2% |
| Other amounts payable | 47/48 | €229,752 | €238,428 | +€8,676 | +3.8% |
| Accrued charges and deferred income | 492/3 | €800 | €600 | -€200 | -25.0% |
| Non-recurring operating income | 76A | €13,306 | €5,337 | -€7,970 | -59.9% |
| Remuneration, social security and pensions | 62 | €491,647 | €497,506 | +€5,859 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,167 | €218,667 | +€18,500 | +9.2% |
| Other operating charges | 640/8 | €20,519 | €19,537 | -€982 | -4.8% |
| Non-recurring operating charges | 66A | €14,149 | €66,403 | +€52,254 | +369% |
| Gross operating margin | 9900 | €745,616 | €827,692 | +€82,076 | +11.0% |
| Operating profit (loss) | 9901 | €19,134 | €25,579 | +€6,445 | +33.7% |
| Financial income | 75/76B | €641 | €3,799 | +€3,158 | +493% |
| Recurring financial income | 75 | €641 | €3,799 | +€3,158 | +493% |
| Financial charges | 65/66B | €20,248 | €24,244 | +€3,996 | +19.7% |
| Recurring financial charges | 65 | €20,248 | €24,244 | +€3,996 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€473 | €5,133 | +€5,606 | |
| Income taxes | 67/77 | €514 | €4,441 | +€3,927 | +764% |
| Profit (loss) for the period | 9904 | -€987 | €692 | +€1,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€987 | €692 | +€1,680 |
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 27 October 2026 via checked.be.