RIDING RIGHT: 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.
RIDING RIGHT
Largest movements
- Tangible fixed assets +€38,554
up €38,554 (+742%), from €5,193 to €43,746
of which Furniture and vehicles: +€22,860
- Cash +€8,828
up €8,828 (+31.2%), from €28,318 to €37,146
mainly Net result for the year (+€36,378) and Depreciation (+€6,537)
- Deferred charges and accrued income -€5,046
down €5,046 (-52.7%), from €9,573 to €4,526
- Profit (loss) carried forward +€36,378
up €36,378 (+118%), from €30,725 to €67,103
- Other debts +€4,808
up €4,808 (+9,525%), from €50 to €4,858
- Trade debts +€1,169
up €1,169 (+56.3%), from €2,075 to €3,245
- Gross operating margin +€11,935
up €11,935 (+29.5%), from €40,473 to €52,408
- Depreciation +€4,994
up €4,994 (+324%), from €1,544 to €6,537
- Taxes +€1,188
up €1,188 (+14.9%), from €7,979 to €9,167
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 | €43,895 | €86,252 | +€42,357 | +96.5% |
| Formation expenses | 20 | €762 | - | -€762 | |
| Fixed assets | 21/28 | €5,193 | €43,746 | +€38,554 | +742% |
| Tangible fixed assets | 22/27 | €5,193 | €43,746 | +€38,554 | +742% |
| Furniture and vehicles | 24 | €5,193 | €28,053 | +€22,860 | +440% |
| Other tangible fixed assets | 26 | - | €15,693 | +€15,693 | |
| Current assets | 29/58 | €37,940 | €42,506 | +€4,566 | +12.0% |
| Amounts receivable within one year | 40/41 | €50 | €833 | +€784 | +1,584% |
| Other amounts receivable | 41 | €50 | €833 | +€784 | +1,584% |
| Cash at bank and in hand | 54/58 | €28,318 | €37,146 | +€8,828 | +31.2% |
| Deferred charges and accrued income | 490/1 | €9,573 | €4,526 | -€5,046 | -52.7% |
| Total equity and liabilities | 10/49 | €43,895 | €86,252 | +€42,357 | +96.5% |
| Equity | 10/15 | €33,725 | €70,103 | +€36,378 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,725 | €67,103 | +€36,378 | +118% |
| Amounts payable | 17/49 | €10,171 | €16,149 | +€5,978 | +58.8% |
| Amounts payable within one year | 42/48 | €10,105 | €16,082 | +€5,977 | +59.2% |
| Trade debts | 44 | €2,075 | €3,245 | +€1,169 | +56.3% |
| Suppliers | 440/4 | €2,075 | €3,245 | +€1,169 | +56.3% |
| Taxes, remuneration and social security | 45 | €7,979 | €7,979 | = | 0.0% |
| Taxes | 450/3 | €7,979 | €7,979 | = | 0.0% |
| Other amounts payable | 47/48 | €50 | €4,858 | +€4,808 | +9,525% |
| 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 | €1,544 | €6,537 | +€4,994 | +324% |
| Other operating charges | 640/8 | €201 | €251 | +€50 | +24.6% |
| Gross operating margin | 9900 | €40,473 | €52,408 | +€11,935 | +29.5% |
| Operating profit (loss) | 9901 | €38,728 | €45,620 | +€6,892 | +17.8% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €36 | €75 | +€39 | +108% |
| Recurring financial charges | 65 | €36 | €75 | +€39 | +108% |
| Profit (loss) for the period before taxes | 9903 | €38,704 | €45,545 | +€6,841 | +17.7% |
| Income taxes | 67/77 | €7,979 | €9,167 | +€1,188 | +14.9% |
| Profit (loss) for the period | 9904 | €30,725 | €36,378 | +€5,654 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,725 | €36,378 | +€5,654 | +18.4% |
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.