RIDECON: 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.
RIDECON
Largest movements
- Tangible fixed assets -€45,775
down €45,775 (-4.3%), from €1.1m to €1.0m
of which Land and buildings: -€37,508
- Cash +€41,201
up €41,201 (+299.7%), from €13,748 to €54,949
mainly Other debts (+€111,964) and Net result for the year (+€83,813)
- Other debts +€111,964
up €111,964 (+1251.5%), from €8,946 to €120,910
- Debts after one year -€104,412
down €104,412 (-19.1%), from €545,319 to €440,907
- Trade debts -€14,888
down €14,888 (-73.6%), from €20,230 to €5,342
- Gross operating margin +€38,696
up €38,696 (+24.2%), from €160,229 to €198,925
- Taxes +€11,655
up €11,655 (+46.5%), from €25,039 to €36,694
- Other operating charges -€2,818
down €2,818 (-22.7%), from €12,435 to €9,617
- Depreciation -€2,756
down €2,756 (-5.8%), from €47,864 to €45,108
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 | €1,132,148 | €1,133,632 | +€1,484 | +0.1% |
| Fixed assets | 21/28 | €1,072,916 | €1,027,141 | -€45,775 | -4.3% |
| Tangible fixed assets | 22/27 | €1,072,916 | €1,027,141 | -€45,775 | -4.3% |
| Land and buildings | 22 | €1,047,466 | €1,009,958 | -€37,508 | -3.6% |
| Furniture and vehicles | 24 | €22,867 | €15,031 | -€7,837 | -34.3% |
| Other tangible fixed assets | 26 | €2,583 | €2,152 | -€430 | -16.7% |
| Current assets | 29/58 | €59,232 | €106,491 | +€47,259 | +79.8% |
| Amounts receivable within one year | 40/41 | €32,386 | €36,837 | +€4,451 | +13.7% |
| Trade receivables | 40 | €32,375 | €36,837 | +€4,462 | +13.8% |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Cash at bank and in hand | 54/58 | €13,748 | €54,949 | +€41,201 | +299.7% |
| Deferred charges and accrued income | 490/1 | €13,098 | €14,705 | +€1,607 | +12.3% |
| Total equity and liabilities | 10/49 | €1,132,148 | €1,133,632 | +€1,484 | +0.1% |
| Equity | 10/15 | €397,909 | €395,556 | -€2,353 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €391,709 | €389,356 | -€2,353 | -0.6% |
| Tax-exempt reserves | 132 | €1,095 | €1,095 | = | 0.0% |
| Distributable reserves | 133 | €390,614 | €388,261 | -€2,353 | -0.6% |
| Provisions and deferred taxes | 16 | €35,000 | €35,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable | 17/49 | €699,239 | €703,076 | +€3,837 | +0.5% |
| Amounts payable after more than one year | 17 | €545,319 | €440,907 | -€104,412 | -19.1% |
| Financial debts | 170/4 | €545,319 | €440,907 | -€104,412 | -19.1% |
| Amounts payable within one year | 42/48 | €152,414 | €254,686 | +€102,272 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €104,412 | €104,412 | = | 0.0% |
| Trade debts | 44 | €20,230 | €5,342 | -€14,888 | -73.6% |
| Suppliers | 440/4 | €20,230 | €5,342 | -€14,888 | -73.6% |
| Taxes, remuneration and social security | 45 | €18,826 | €24,023 | +€5,197 | +27.6% |
| Taxes | 450/3 | €18,826 | €24,023 | +€5,197 | +27.6% |
| Other amounts payable | 47/48 | €8,946 | €120,910 | +€111,964 | +1251.5% |
| Accrued charges and deferred income | 492/3 | €1,506 | €7,483 | +€5,976 | +396.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,864 | €45,108 | -€2,756 | -5.8% |
| Other operating charges | 640/8 | €12,435 | €9,617 | -€2,818 | -22.7% |
| Non-recurring operating charges | 66A | - | €667 | +€667 | |
| Gross operating margin | 9900 | €160,229 | €198,925 | +€38,696 | +24.2% |
| Operating profit (loss) | 9901 | €99,929 | €143,532 | +€43,603 | +43.6% |
| Financial income | 75/76B | €75 | €20 | -€55 | -73.8% |
| Recurring financial income | 75 | €75 | €20 | -€55 | -73.8% |
| Financial charges | 65/66B | €21,250 | €23,045 | +€1,795 | +8.4% |
| Recurring financial charges | 65 | €21,250 | €23,045 | +€1,795 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €78,754 | €120,507 | +€41,752 | +53.0% |
| Income taxes | 67/77 | €25,039 | €36,694 | +€11,655 | +46.5% |
| Profit (loss) for the period | 9904 | €53,716 | €83,813 | +€30,097 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,716 | €83,813 | +€30,097 | +56.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.