Ridder: 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.
Ridder
Largest movements
- Current investments +€340,000
new in 2025: €340,000
- Cash -€267,701
down €267,701 (-82.3%), from €325,161 to €57,460
mainly Current investments (-€340,000) and Contributions, distributions and other (-€319,428)
- Tangible fixed assets -€93,185
down €93,185 (-13.8%), from €672,971 to €579,786
of which Other tangible fixed assets: -€75,740
- Receivables within one year -€40,951
down €40,951 (-81.6%), from €50,212 to €9,261
of which Trade receivables: -€38,757
- Reserves -€188,490
down €188,490 (-100.0%), from €188,490 to €0
- Other debts +€163,968
up €163,968 (+1062.8%), from €15,428 to €179,396
- Debts after one year -€36,464
down €36,464 (-38.3%), from €95,329 to €58,865
- Profit (loss) carried forward +€16,411
new in 2025: €16,411
- Advances received -€14,075
down €14,075 (-9.5%), from €148,485 to €134,410
- Gross operating margin +€94,115
up €94,115 (+20.4%), from €461,600 to €555,715
- Taxes +€47,321
up €47,321 (+1941.7%), from €2,437 to €49,758
- Staff costs -€7,594
down €7,594 (-3.1%), from €247,834 to €240,240
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 | €1,175,659 | €1,098,517 | -€77,143 | -6.6% |
| Fixed assets | 21/28 | €696,150 | €593,052 | -€103,098 | -14.8% |
| Intangible fixed assets | 21 | €23,179 | €13,266 | -€9,914 | -42.8% |
| Tangible fixed assets | 22/27 | €672,971 | €579,786 | -€93,185 | -13.8% |
| Plant, machinery and equipment | 23 | €61,872 | €47,741 | -€14,131 | -22.8% |
| Furniture and vehicles | 24 | €6,991 | €3,677 | -€3,314 | -47.4% |
| Other tangible fixed assets | 26 | €604,108 | €528,368 | -€75,740 | -12.5% |
| Current assets | 29/58 | €479,510 | €505,465 | +€25,956 | +5.4% |
| Stocks and contracts in progress | 3 | €21,154 | €19,565 | -€1,589 | -7.5% |
| Stocks | 30/36 | €21,154 | €19,565 | -€1,589 | -7.5% |
| Amounts receivable within one year | 40/41 | €50,212 | €9,261 | -€40,951 | -81.6% |
| Trade receivables | 40 | €39,335 | €578 | -€38,757 | -98.5% |
| Other amounts receivable | 41 | €10,877 | €8,684 | -€2,194 | -20.2% |
| Current investments | 50/53 | - | €340,000 | +€340,000 | |
| Cash at bank and in hand | 54/58 | €325,161 | €57,460 | -€267,701 | -82.3% |
| Deferred charges and accrued income | 490/1 | €82,983 | €79,179 | -€3,804 | -4.6% |
| Total equity and liabilities | 10/49 | €1,175,659 | €1,098,517 | -€77,143 | -6.6% |
| Equity | 10/15 | €762,021 | €585,604 | -€176,417 | -23.2% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €188,490 | €0 | -€188,490 | -100.0% |
| Distributable reserves | 133 | €188,490 | €0 | -€188,490 | -100.0% |
| Profit (loss) carried forward | 14 | - | €16,411 | +€16,411 | |
| Investment grants | 15 | €23,531 | €19,193 | -€4,338 | -18.4% |
| Provisions and deferred taxes | 16 | €5,883 | €4,798 | -€1,084 | -18.4% |
| Deferred taxes | 168 | €5,883 | €4,798 | -€1,084 | -18.4% |
| Amounts payable | 17/49 | €407,755 | €508,114 | +€100,359 | +24.6% |
| Amounts payable after more than one year | 17 | €95,329 | €58,865 | -€36,464 | -38.3% |
| Financial debts | 170/4 | €95,329 | €58,865 | -€36,464 | -38.3% |
| Amounts payable within one year | 42/48 | €298,786 | €439,249 | +€140,463 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €35,922 | €36,464 | +€543 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €57,666 | €60,068 | +€2,402 | +4.2% |
| Suppliers | 440/4 | €57,666 | €60,068 | +€2,402 | +4.2% |
| Advances received on contracts in progress | 46 | €148,485 | €134,410 | -€14,075 | -9.5% |
| Taxes, remuneration and social security | 45 | €41,286 | €28,911 | -€12,375 | -30.0% |
| Taxes | 450/3 | €382 | €2,537 | +€2,154 | +563.3% |
| Remuneration and social security | 454/9 | €40,903 | €26,374 | -€14,529 | -35.5% |
| Other amounts payable | 47/48 | €15,428 | €179,396 | +€163,968 | +1062.8% |
| Accrued charges and deferred income | 492/3 | €13,640 | €10,000 | -€3,640 | -26.7% |
| Remuneration, social security and pensions | 62 | €247,834 | €240,240 | -€7,594 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,299 | €118,235 | +€936 | +0.8% |
| Other operating charges | 640/8 | €1,138 | €256 | -€882 | -77.5% |
| Non-recurring operating charges | 66A | €6,371 | €386 | -€5,985 | -93.9% |
| Gross operating margin | 9900 | €461,600 | €555,715 | +€94,115 | +20.4% |
| Operating profit (loss) | 9901 | €88,958 | €196,598 | +€107,640 | +121.0% |
| Financial income | 75/76B | €6,514 | €7,367 | +€854 | +13.1% |
| Recurring financial income | 75 | €6,514 | €7,367 | +€854 | +13.1% |
| Financial charges | 65/66B | €12,285 | €12,281 | -€4 | 0.0% |
| Recurring financial charges | 65 | €12,285 | €12,281 | -€4 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €83,186 | €191,685 | +€108,498 | +130.4% |
| Transfer from deferred taxes | 780 | €1,318 | €1,084 | -€234 | -17.7% |
| Income taxes | 67/77 | €2,437 | €49,758 | +€47,321 | +1941.7% |
| Profit (loss) for the period | 9904 | €82,067 | €143,011 | +€60,944 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,067 | €143,011 | +€60,944 | +74.3% |
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 12 October 2026 via checked.be.