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Ride2: what changed

Two fiscal 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

Ride2

BE 0524.911.441
NACE 93.199, Other sports activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€3,404
2023 · -€1,066-€2,338
Equity
€24,059
2023 · €27,462-€3,404
Cash
€5,235
2023 · €7,247-€2,011
Balance sheet total
€79,549
2023 · €88,727-€9,177

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€15,008

    down €15,008 (-21.5%), from €69,681 to €54,674

    of which Furniture and vehicles: -€15,556

  • Deferred charges and accrued income +€7,119

    up €7,119 (+1108.7%), from €642 to €7,761

  • Cash -€2,011

    down €2,011 (-27.8%), from €7,247 to €5,235

    mainly Debts after one year (-€9,504) and Deferred charges and accrued income (-€7,119)

  • Current investments +€1,050

    up €1,050 (+11.7%), from €9,000 to €10,050

Equity and liabilities
  • Debts after one year -€9,504

    down €9,504 (-29.9%), from €31,734 to €22,230

  • Trade debts +€7,057

    up €7,057 (+358.3%), from €1,970 to €9,027

  • Current portion of long-term debt -€4,087

    down €4,087 (-30.1%), from €13,591 to €9,504

  • Profit (loss) carried forward -€3,404

    down €3,404 (-48.9%), from €6,963 to €3,559

  • Other debts +€1,269

    up €1,269 (+24.4%), from €5,211 to €6,480

Income statement
  • Gross operating margin -€6,036

    down €6,036 (-29.5%), from €20,475 to €14,439

  • Taxes -€2,412

    down €2,412 (-93.3%), from €2,584 to €172

  • Financial charges -€746

    down €746 (-40.7%), from €1,832 to €1,086

  • Depreciation -€728

    down €728 (-4.9%), from €14,995 to €14,267

From the 2023 result to the 2024 result

effect on the 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 2023 -€1,066
Gross operating margin -€6,036
Staff costs +€101
Depreciation +€728
Other operating charges -€2
Other operating items -€334
Financial income +€46
Financial charges +€746
Taxes +€2,412
Result 2024 -€3,404

Cash bridge derived

cash 2023 to 2024

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.

From operations +€11,919
Investment -€309
Financing -€13,621
Cash 2023 €7,247
Net result for the year -€3,404
Depreciation +€14,267
Receivables within one year +€327
Deferred charges and accrued income -€7,119
Trade debts +€7,057
Tax, wage and social debts +€727
Other debts +€1,269
Accrued charges and deferred income -€1,207
Investment in fixed assets (net) +€741
Current investments -€1,050
Debts after one year -€9,504
Current portion of long-term debt -€4,087
Short-term financial debts -€30
Cash 2024 €5,235
Every line side by side 49 lines
Line Code 2023 2024 Change %
Total assets 20/58 €88,727 €79,549 -€9,177 -10.3%
Fixed assets 21/28 €69,681 €54,674 -€15,008 -21.5%
Tangible fixed assets 22/27 €69,681 €54,674 -€15,008 -21.5%
Land and buildings 22 €1,634 €1,432 -€202 -12.4%
Plant, machinery and equipment 23 €1,722 €2,473 +€751 +43.6%
Furniture and vehicles 24 €66,325 €50,769 -€15,556 -23.5%
Current assets 29/58 €19,045 €24,876 +€5,830 +30.6%
Stocks and contracts in progress 3 €1,273 €1,273 = 0.0%
Stocks 30/36 €1,273 €1,273 = 0.0%
Amounts receivable within one year 40/41 €884 €556 -€327 -37.1%
Trade receivables 40 €776 €525 -€251 -32.3%
Other amounts receivable 41 €108 €31 -€77 -71.2%
Current investments 50/53 €9,000 €10,050 +€1,050 +11.7%
Cash at bank and in hand 54/58 €7,247 €5,235 -€2,011 -27.8%
Deferred charges and accrued income 490/1 €642 €7,761 +€7,119 +1108.7%
Total equity and liabilities 10/49 €88,727 €79,549 -€9,177 -10.3%
Equity 10/15 €27,462 €24,059 -€3,404 -12.4%
Contributions 10/11 €10,800 €10,800 = 0.0%
Reserves 13 €9,700 €9,700 = 0.0%
Distributable reserves 133 €9,700 €9,700 = 0.0%
Profit (loss) carried forward 14 €6,963 €3,559 -€3,404 -48.9%
Amounts payable 17/49 €61,264 €55,491 -€5,774 -9.4%
Amounts payable after more than one year 17 €31,734 €22,230 -€9,504 -29.9%
Financial debts 170/4 €31,734 €22,230 -€9,504 -29.9%
Amounts payable within one year 42/48 €26,939 €31,877 +€4,937 +18.3%
Current portion of amounts payable after more than one year 42 €13,591 €9,504 -€4,087 -30.1%
Financial debts 43 €45 €15 -€30 -67.1%
Credit institutions 430/8 €45 €15 -€30 -67.1%
Trade debts 44 €1,970 €9,027 +€7,057 +358.3%
Suppliers 440/4 €1,970 €9,027 +€7,057 +358.3%
Taxes, remuneration and social security 45 €6,123 €6,851 +€727 +11.9%
Taxes 450/3 €6,123 €6,851 +€727 +11.9%
Other amounts payable 47/48 €5,211 €6,480 +€1,269 +24.4%
Accrued charges and deferred income 492/3 €2,591 €1,384 -€1,207 -46.6%
Non-recurring operating income 76A €0 €260 +€260
Remuneration, social security and pensions 62 €124 €23 -€101 -81.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €14,995 €14,267 -€728 -4.9%
Other operating charges 640/8 €874 €876 +€2 +0.2%
Non-recurring operating charges 66A €1,169 €1,503 +€334 +28.6%
Gross operating margin 9900 €20,475 €14,439 -€6,036 -29.5%
Operating profit (loss) 9901 €3,312 -€2,230 -€5,542
Financial income 75/76B €39 €85 +€46 +118.5%
Recurring financial income 75 €39 €85 +€46 +118.5%
Financial charges 65/66B €1,832 €1,086 -€746 -40.7%
Recurring financial charges 65 €1,832 €1,086 -€746 -40.7%
Profit (loss) for the period before taxes 9903 €1,519 -€3,231 -€4,750
Income taxes 67/77 €2,584 €172 -€2,412 -93.3%
Profit (loss) for the period 9904 -€1,066 -€3,404 -€2,338 -219.4%
Profit (loss) for the period to be appropriated 9905 -€1,066 -€3,404 -€2,338 -219.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.