RI.DE.QUA: 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.
RI.DE.QUA
Largest movements
- Receivables within one year -€42,311
down €42,311 (-32.1%), from €131,680 to €89,369
of which Trade receivables: -€59,824
- Tangible fixed assets -€26,130
down €26,130 (-23.7%), from €110,304 to €84,175
- Cash +€19,160
up €19,160 (+142%), from €13,506 to €32,666
mainly Receivables within one year (+€42,311) and Net result for the year (+€35,425)
- Trade debts -€88,427
down €88,427 (-56.8%), from €155,793 to €67,366
- Profit (loss) carried forward +€35,425
up €35,425 (+669%), from €5,294 to €40,720
- Advances received +€20,381
new in 2025: €20,381
- Other debts -€15,889
down €15,889 (-33.5%), from €47,470 to €31,581
- Tax, wage and social debts +€11,670
up €11,670 (+478%), from €2,439 to €14,110
- Gross operating margin +€130,512
up €130,512 (+249%), from €52,507 to €183,019
- Staff costs +€98,897
new in 2025: €98,897
- Taxes +€11,899
up €11,899 (+538%), from €2,211 to €14,110
- Financial charges +€3,027
up €3,027 (+142%), from €2,125 to €5,152
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 | €268,670 | €219,455 | -€49,216 | -18.3% |
| Fixed assets | 21/28 | €110,804 | €84,675 | -€26,130 | -23.6% |
| Tangible fixed assets | 22/27 | €110,304 | €84,175 | -€26,130 | -23.7% |
| Plant, machinery and equipment | 23 | €29,050 | €21,662 | -€7,388 | -25.4% |
| Furniture and vehicles | 24 | €49,870 | €36,974 | -€12,896 | -25.9% |
| Other tangible fixed assets | 26 | €31,384 | €25,539 | -€5,846 | -18.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €157,866 | €134,780 | -€23,086 | -14.6% |
| Stocks and contracts in progress | 3 | €9,052 | €9,804 | +€752 | +8.3% |
| Stocks | 30/36 | €9,052 | €9,804 | +€752 | +8.3% |
| Amounts receivable within one year | 40/41 | €131,680 | €89,369 | -€42,311 | -32.1% |
| Trade receivables | 40 | €131,680 | €71,857 | -€59,824 | -45.4% |
| Other amounts receivable | 41 | - | €17,512 | +€17,512 | |
| Cash at bank and in hand | 54/58 | €13,506 | €32,666 | +€19,160 | +142% |
| Deferred charges and accrued income | 490/1 | €3,627 | €2,941 | -€686 | -18.9% |
| Total equity and liabilities | 10/49 | €268,670 | €219,455 | -€49,216 | -18.3% |
| Equity | 10/15 | €23,294 | €58,720 | +€35,425 | +152% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,294 | €40,720 | +€35,425 | +669% |
| Amounts payable | 17/49 | €245,376 | €160,735 | -€84,641 | -34.5% |
| Amounts payable after more than one year | 17 | €27,230 | €19,768 | -€7,462 | -27.4% |
| Financial debts | 170/4 | €27,230 | €19,768 | -€7,462 | -27.4% |
| Amounts payable within one year | 42/48 | €218,146 | €140,900 | -€77,246 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €12,444 | €7,462 | -€4,982 | -40.0% |
| Trade debts | 44 | €155,793 | €67,366 | -€88,427 | -56.8% |
| Suppliers | 440/4 | €155,793 | €67,366 | -€88,427 | -56.8% |
| Advances received on contracts in progress | 46 | - | €20,381 | +€20,381 | |
| Taxes, remuneration and social security | 45 | €2,439 | €14,110 | +€11,670 | +478% |
| Taxes | 450/3 | €2,439 | €14,110 | +€11,670 | +478% |
| Other amounts payable | 47/48 | €47,470 | €31,581 | -€15,889 | -33.5% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Remuneration, social security and pensions | 62 | - | €98,897 | +€98,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,141 | €27,850 | +€1,709 | +6.5% |
| Other operating charges | 640/8 | €977 | €1,586 | +€610 | +62.4% |
| Gross operating margin | 9900 | €52,507 | €183,019 | +€130,512 | +249% |
| Operating profit (loss) | 9901 | €25,389 | €54,686 | +€29,297 | +115% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €2,125 | €5,152 | +€3,027 | +142% |
| Recurring financial charges | 65 | €2,125 | €5,152 | +€3,027 | +142% |
| Profit (loss) for the period before taxes | 9903 | €23,283 | €49,535 | +€26,251 | +113% |
| Income taxes | 67/77 | €2,211 | €14,110 | +€11,899 | +538% |
| Profit (loss) for the period | 9904 | €21,073 | €35,425 | +€14,352 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,073 | €35,425 | +€14,352 | +68.1% |
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 19 October 2026 via checked.be.