RIDGES & STEAM: 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.
RIDGES & STEAM
Largest movements
- Cash +€37,727
up €37,727 (+132%), from €28,534 to €66,261
mainly Net result for the year (+€55,754) and Receivables within one year (+€35,662)
- Receivables within one year -€35,662
down €35,662 (-54.9%), from €64,904 to €29,242
of which Other amounts receivable: -€52,557
- Current investments -€17,000
down €17,000 (-34.0%), from €50,000 to €33,000
- Stocks and contracts -€15,501
no longer reported in 2025 (was €15,501)
- Profit (loss) carried forward -€42,746
down €42,746 (-35.6%), from €120,212 to €77,466
- Other debts +€27,996
up €27,996 (+511%), from €5,474 to €33,469
- Trade debts -€10,967
down €10,967 (-81.1%), from €13,521 to €2,554
- Tax, wage and social debts -€6,671
down €6,671 (-31.2%), from €21,394 to €14,723
- Gross operating margin +€11,860
up €11,860 (+19.6%), from €60,382 to €72,242
- Taxes +€2,438
up €2,438 (+18.5%), from €13,199 to €15,636
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 | €165,667 | €133,279 | -€32,387 | -19.5% |
| Fixed assets | 21/28 | €4,981 | €3,656 | -€1,325 | -26.6% |
| Tangible fixed assets | 22/27 | €4,981 | €3,656 | -€1,325 | -26.6% |
| Furniture and vehicles | 24 | €1,387 | €677 | -€710 | -51.2% |
| Other tangible fixed assets | 26 | €3,594 | €2,979 | -€615 | -17.1% |
| Current assets | 29/58 | €160,686 | €129,623 | -€31,063 | -19.3% |
| Stocks and contracts in progress | 3 | €15,501 | - | -€15,501 | |
| Stocks | 30/36 | €15,501 | - | -€15,501 | |
| Amounts receivable within one year | 40/41 | €64,904 | €29,242 | -€35,662 | -54.9% |
| Trade receivables | 40 | €12,347 | €29,242 | +€16,896 | +137% |
| Other amounts receivable | 41 | €52,557 | - | -€52,557 | |
| Current investments | 50/53 | €50,000 | €33,000 | -€17,000 | -34.0% |
| Cash at bank and in hand | 54/58 | €28,534 | €66,261 | +€37,727 | +132% |
| Deferred charges and accrued income | 490/1 | €1,748 | €1,120 | -€628 | -35.9% |
| Total equity and liabilities | 10/49 | €165,667 | €133,279 | -€32,387 | -19.5% |
| Equity | 10/15 | €125,212 | €82,466 | -€42,746 | -34.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,212 | €77,466 | -€42,746 | -35.6% |
| Amounts payable | 17/49 | €40,455 | €50,813 | +€10,358 | +25.6% |
| Amounts payable within one year | 42/48 | €40,389 | €50,746 | +€10,357 | +25.6% |
| Trade debts | 44 | €13,521 | €2,554 | -€10,967 | -81.1% |
| Suppliers | 440/4 | €13,521 | €2,554 | -€10,967 | -81.1% |
| Taxes, remuneration and social security | 45 | €21,394 | €14,723 | -€6,671 | -31.2% |
| Taxes | 450/3 | €21,394 | €14,723 | -€6,671 | -31.2% |
| Other amounts payable | 47/48 | €5,474 | €33,469 | +€27,996 | +511% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €1,325 | -€475 | -26.4% |
| Other operating charges | 640/8 | €429 | €1,033 | +€604 | +141% |
| Gross operating margin | 9900 | €60,382 | €72,242 | +€11,860 | +19.6% |
| Operating profit (loss) | 9901 | €58,152 | €69,884 | +€11,731 | +20.2% |
| Financial income | 75/76B | €2,290 | €2,512 | +€222 | +9.7% |
| Recurring financial income | 75 | €2,290 | €2,512 | +€222 | +9.7% |
| Financial charges | 65/66B | €515 | €1,005 | +€490 | +95.0% |
| Recurring financial charges | 65 | €515 | €1,005 | +€490 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €59,928 | €71,391 | +€11,463 | +19.1% |
| Income taxes | 67/77 | €13,199 | €15,636 | +€2,438 | +18.5% |
| Profit (loss) for the period | 9904 | €46,729 | €55,754 | +€9,026 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,729 | €55,754 | +€9,026 | +19.3% |
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 13 October 2026 via checked.be.