Notaris Johan De Ridder: what changed
Notaris Johan De Ridder
Largest movements
- Cash -€5.1m
down €5.1m (-54.7%), from €9.4m to €4.3m
mainly Trade debts (-€5.5m) and Other debts (-€207,407)
- Intangible fixed assets -€105,100
down €105,100 (-10.6%), from €989,692 to €884,592
- Trade debts -€5.5m
down €5.5m (-66.9%), from €8.3m to €2.7m
- Tax, wage and social debts +€337,784
up €337,784 (+49.0%), from €688,895 to €1.0m
of which Taxes: +€332,873
- Reserves +€266,889
up €266,889 (+161%), from €165,300 to €432,188
- Other debts -€207,407
down €207,407 (-100.0%), from €207,438 to €31
- Debts after one year -€105,100
down €105,100 (-12.0%), from €875,833 to €770,733
- Gross operating margin +€199,364
up €199,364 (+36.6%), from €544,901 to €744,265
- Staff costs +€44,846
up €44,846 (+19.1%), from €235,257 to €280,103
- Depreciation +€43,792
up €43,792 (+71.4%), from €61,308 to €105,100
- Taxes +€35,792
up €35,792 (+68.6%), from €52,184 to €87,976
- Financial income +€26,253
up €26,253 (+198%), from €13,234 to €39,486
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 | €10,441,020 | €5,189,095 | -€5.3m | -50.3% |
| Fixed assets | 21/28 | €989,692 | €884,592 | -€105,100 | -10.6% |
| Intangible fixed assets | 21 | €989,692 | €884,592 | -€105,100 | -10.6% |
| Current assets | 29/58 | €9,451,329 | €4,304,503 | -€5.1m | -54.5% |
| Amounts receivable within one year | 40/41 | €31,830 | €33,342 | +€1,512 | +4.8% |
| Trade receivables | 40 | €7,562 | €25,367 | +€17,805 | +235% |
| Other amounts receivable | 41 | €24,268 | €7,975 | -€16,293 | -67.1% |
| Cash at bank and in hand | 54/58 | €9,411,090 | €4,261,967 | -€5.1m | -54.7% |
| Deferred charges and accrued income | 490/1 | €8,409 | €9,195 | +€786 | +9.3% |
| Total equity and liabilities | 10/49 | €10,441,020 | €5,189,095 | -€5.3m | -50.3% |
| Equity | 10/15 | €265,300 | €532,188 | +€266,889 | +101% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €165,300 | €432,188 | +€266,889 | +161% |
| Distributable reserves | 133 | €165,300 | €432,188 | +€266,889 | +161% |
| Amounts payable | 17/49 | €10,175,721 | €4,656,906 | -€5.5m | -54.2% |
| Amounts payable after more than one year | 17 | €875,833 | €770,733 | -€105,100 | -12.0% |
| Financial debts | 170/4 | €875,833 | €770,733 | -€105,100 | -12.0% |
| Amounts payable within one year | 42/48 | €9,299,887 | €3,886,173 | -€5.4m | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €113,858 | €113,858 | = | 0.0% |
| Trade debts | 44 | €8,289,695 | €2,745,604 | -€5.5m | -66.9% |
| Suppliers | 440/4 | €8,289,695 | €2,745,604 | -€5.5m | -66.9% |
| Taxes, remuneration and social security | 45 | €688,895 | €1,026,679 | +€337,784 | +49.0% |
| Taxes | 450/3 | €661,282 | €994,155 | +€332,873 | +50.3% |
| Remuneration and social security | 454/9 | €27,613 | €32,525 | +€4,911 | +17.8% |
| Other amounts payable | 47/48 | €207,438 | €31 | -€207,407 | -100.0% |
| Remuneration, social security and pensions | 62 | €235,257 | €280,103 | +€44,846 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,308 | €105,100 | +€43,792 | +71.4% |
| Other operating charges | 640/8 | €24,066 | €16,433 | -€7,633 | -31.7% |
| Gross operating margin | 9900 | €544,901 | €744,265 | +€199,364 | +36.6% |
| Operating profit (loss) | 9901 | €224,270 | €342,629 | +€118,359 | +52.8% |
| Financial income | 75/76B | €13,234 | €39,486 | +€26,253 | +198% |
| Recurring financial income | 75 | €13,234 | €39,486 | +€26,253 | +198% |
| Financial charges | 65/66B | €20,020 | €27,251 | +€7,231 | +36.1% |
| Recurring financial charges | 65 | €20,020 | €27,251 | +€7,231 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €217,484 | €354,865 | +€137,381 | +63.2% |
| Income taxes | 67/77 | €52,184 | €87,976 | +€35,792 | +68.6% |
| Profit (loss) for the period | 9904 | €165,300 | €266,889 | +€101,589 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €165,300 | €266,889 | +€101,589 | +61.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.