RIDE & SHINE: 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.
RIDE & SHINE
Largest movements
- Receivables within one year +€42,541
up €42,541 (+250%), from €17,016 to €59,557
of which Trade receivables: +€40,670
- Cash -€35,511
down €35,511 (-87.9%), from €40,393 to €4,883
mainly Receivables within one year (-€42,541) and Investment in fixed assets (net) (-€24,795)
- Tangible fixed assets +€19,139
up €19,139 (+130%), from €14,760 to €33,899
of which Other tangible fixed assets: +€11,012
- Profit (loss) carried forward +€31,973
up €31,973 (+184%), from €17,334 to €49,307
- Other debts -€13,791
down €13,791 (-46.0%), from €29,964 to €16,173
- Tax, wage and social debts +€3,852
up €3,852 (+27.9%), from €13,830 to €17,682
- Trade debts +€2,362
up €2,362 (+42.3%), from €5,586 to €7,949
- Advances received +€1,753
up €1,753 (+271%), from €647 to €2,400
- Gross operating margin +€13,492
up €13,492 (+35.2%), from €38,315 to €51,807
- Taxes +€4,190
up €4,190 (+78.1%), from €5,365 to €9,555
- Other operating charges +€1,206
up €1,206 (+43.9%), from €2,745 to €3,951
- Financial income -€699
down €699 (-88.1%), from €793 to €94
- Financial charges -€544
down €544 (-41.5%), from €1,311 to €767
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,389 | €99,539 | +€26,150 | +35.6% |
| Fixed assets | 21/28 | €15,960 | €35,099 | +€19,139 | +120% |
| Tangible fixed assets | 22/27 | €14,760 | €33,899 | +€19,139 | +130% |
| Plant, machinery and equipment | 23 | €10,042 | €18,652 | +€8,610 | +85.7% |
| Furniture and vehicles | 24 | €965 | €482 | -€483 | -50.1% |
| Other tangible fixed assets | 26 | €3,753 | €14,766 | +€11,012 | +293% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €57,429 | €64,440 | +€7,010 | +12.2% |
| Amounts receivable within one year | 40/41 | €17,016 | €59,557 | +€42,541 | +250% |
| Trade receivables | 40 | €13,883 | €54,553 | +€40,670 | +293% |
| Other amounts receivable | 41 | €3,133 | €5,004 | +€1,871 | +59.7% |
| Cash at bank and in hand | 54/58 | €40,393 | €4,883 | -€35,511 | -87.9% |
| Deferred charges and accrued income | 490/1 | €20 | - | -€20 | |
| Total equity and liabilities | 10/49 | €73,389 | €99,539 | +€26,150 | +35.6% |
| Equity | 10/15 | €23,362 | €55,336 | +€31,973 | +137% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,029 | €3,029 | = | 0.0% |
| Distributable reserves | 133 | €3,029 | €3,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,334 | €49,307 | +€31,973 | +184% |
| Amounts payable | 17/49 | €50,027 | €44,204 | -€5,823 | -11.6% |
| Amounts payable within one year | 42/48 | €50,027 | €44,204 | -€5,823 | -11.6% |
| Trade debts | 44 | €5,586 | €7,949 | +€2,362 | +42.3% |
| Suppliers | 440/4 | €5,586 | €7,949 | +€2,362 | +42.3% |
| Advances received on contracts in progress | 46 | €647 | €2,400 | +€1,753 | +271% |
| Taxes, remuneration and social security | 45 | €13,830 | €17,682 | +€3,852 | +27.9% |
| Taxes | 450/3 | €13,830 | €17,682 | +€3,852 | +27.9% |
| Other amounts payable | 47/48 | €29,964 | €16,173 | -€13,791 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,695 | €5,656 | -€38 | -0.7% |
| Other operating charges | 640/8 | €2,745 | €3,951 | +€1,206 | +43.9% |
| Gross operating margin | 9900 | €38,315 | €51,807 | +€13,492 | +35.2% |
| Operating profit (loss) | 9901 | €29,875 | €42,200 | +€12,325 | +41.3% |
| Financial income | 75/76B | €793 | €94 | -€699 | -88.1% |
| Recurring financial income | 75 | €793 | €94 | -€699 | -88.1% |
| Financial charges | 65/66B | €1,311 | €767 | -€544 | -41.5% |
| Recurring financial charges | 65 | €1,311 | €767 | -€544 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €29,358 | €41,528 | +€12,170 | +41.5% |
| Income taxes | 67/77 | €5,365 | €9,555 | +€4,190 | +78.1% |
| Profit (loss) for the period | 9904 | €23,993 | €31,973 | +€7,980 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,993 | €31,973 | +€7,980 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.