RIDO: 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.
What changed
RIDO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €210,806+€2.0m
Equity
€7.9m
2024 · €6.1m+€1.8m
Cash
€334,149
2024 · €94,199+€239,950
Balance sheet total
€9.3m
2024 · €9.0m+€260,617
Largest movements
Assets
- Receivables after one year +€311,107
up €311,107 (+17,348%), from €1,793 to €312,900
- Cash +€239,950
up €239,950 (+255%), from €94,199 to €334,149
mainly Net result for the year (+€2.2m) and Current investments (+€235,675)
- Current investments -€235,675
down €235,675 (-28.6%), from €824,863 to €589,188
Equity and liabilities
- Reserves +€1.8m
up €1.8m (+31.2%), from €5.9m to €7.8m
of which Distributable reserves: +€1.8m
- Other debts -€1.7m
down €1.7m (-75.1%), from €2.3m to €570,381
Income statement
- Financial income +€1.9m
up €1.9m (+3,567%), from €53,251 to €2.0m
- Gross operating margin +€123,606
up €123,606 (+30.1%), from €410,752 to €534,357
- Taxes +€34,681
up €34,681 (+41.6%), from €83,429 to €118,110
- Staff costs -€18,762
down €18,762 (-94.8%), from €19,793 to €1,031
- Depreciation -€16,875
down €16,875 (-16.6%), from €101,705 to €84,830
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.
Result 2024
€210,806
Gross operating margin
+€123,606
Staff costs
+€18,762
Depreciation
+€16,875
Other operating charges
-€377
Financial income
+€1.9m
Financial charges
+€8,744
Taxes
-€34,681
Result 2025
€2.2m
raises the resultlowers the result
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.
From operations
+€362,949
Investment
+€228,332
Financing
-€351,330
Cash 2024
€94,199
From operations (derived)
+€362,949
Net result for the year
+€2.2m
Depreciation
+€84,830
Receivables after one year
-€311,107
Receivables within one year
+€15,874
Deferred charges and accrued income
-€38,597
Trade debts
+€30,922
Tax, wage and social debts
+€54,102
Other debts
-€1.7m
Investment (derived)
+€228,332
Investment in fixed assets (net)
-€7,343
Current investments
+€235,675
Financing
-€351,330
Debts after one year
-€37,883
Current portion of long-term debt
+€82,531
Contributions, distributions and other
-€395,979
Cash 2025
€334,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,036,065 | €9,296,682 | +€260,617 | +2.9% |
| Fixed assets | 21/28 | €5,556,734 | €5,479,247 | -€77,487 | -1.4% |
| Tangible fixed assets | 22/27 | €870,791 | €793,304 | -€77,487 | -8.9% |
| Land and buildings | 22 | €857,889 | €786,639 | -€71,250 | -8.3% |
| Plant, machinery and equipment | 23 | - | €6,664 | +€6,664 | |
| Furniture and vehicles | 24 | €12,902 | €1 | -€12,901 | -100.0% |
| Financial fixed assets | 28 | €4,685,943 | €4,685,943 | = | 0.0% |
| Current assets | 29/58 | €3,479,331 | €3,817,435 | +€338,104 | +9.7% |
| Amounts receivable after more than one year | 29 | €1,793 | €312,900 | +€311,107 | +17,348% |
| Other amounts receivable | 291 | €1,793 | €312,900 | +€311,107 | +17,348% |
| Amounts receivable within one year | 40/41 | €2,525,323 | €2,509,449 | -€15,874 | -0.6% |
| Trade receivables | 40 | €64,952 | €159,232 | +€94,280 | +145% |
| Other amounts receivable | 41 | €2,460,371 | €2,350,217 | -€110,154 | -4.5% |
| Current investments | 50/53 | €824,863 | €589,188 | -€235,675 | -28.6% |
| Cash at bank and in hand | 54/58 | €94,199 | €334,149 | +€239,950 | +255% |
| Deferred charges and accrued income | 490/1 | €33,153 | €71,749 | +€38,597 | +116% |
| Total equity and liabilities | 10/49 | €9,036,065 | €9,296,682 | +€260,617 | +2.9% |
| Equity | 10/15 | €6,087,595 | €7,934,826 | +€1.8m | +30.3% |
| Contributions | 10/11 | €174,450 | €174,450 | = | 0.0% |
| Reserves | 13 | €5,913,145 | €7,760,376 | +€1.8m | +31.2% |
| Non-distributable reserves | 130/1 | €117,520 | €117,520 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117,520 | €117,520 | = | 0.0% |
| Distributable reserves | 133 | €5,795,625 | €7,642,856 | +€1.8m | +31.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €181,815 | €181,815 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €181,815 | €181,815 | = | 0.0% |
| Pensions and similar obligations | 160 | €181,815 | €181,815 | = | 0.0% |
| Amounts payable | 17/49 | €2,766,655 | €1,180,041 | -€1.6m | -57.3% |
| Amounts payable after more than one year | 17 | €258,750 | €220,867 | -€37,883 | -14.6% |
| Financial debts | 170/4 | €258,750 | €220,867 | -€37,883 | -14.6% |
| Amounts payable within one year | 42/48 | €2,487,905 | €939,174 | -€1.5m | -62.3% |
| Current portion of amounts payable after more than one year | 42 | - | €82,531 | +€82,531 | |
| Financial debts | 43 | €115,000 | €115,000 | = | 0.0% |
| Credit institutions | 430/8 | €115,000 | €115,000 | = | 0.0% |
| Trade debts | 44 | €75,375 | €106,298 | +€30,922 | +41.0% |
| Suppliers | 440/4 | €75,375 | €106,298 | +€30,922 | +41.0% |
| Taxes, remuneration and social security | 45 | €10,861 | €64,963 | +€54,102 | +498% |
| Taxes | 450/3 | €10,861 | €64,963 | +€54,102 | +498% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,286,668 | €570,381 | -€1.7m | -75.1% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €19,793 | €1,031 | -€18,762 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,705 | €84,830 | -€16,875 | -16.6% |
| Other operating charges | 640/8 | €21,862 | €22,239 | +€377 | +1.7% |
| Gross operating margin | 9900 | €410,752 | €534,357 | +€123,606 | +30.1% |
| Operating profit (loss) | 9901 | €267,391 | €426,257 | +€158,866 | +59.4% |
| Financial income | 75/76B | €53,251 | €1,952,726 | +€1.9m | +3,567% |
| Recurring financial income | 75 | €53,251 | €1,952,726 | +€1.9m | +3,567% |
| Financial charges | 65/66B | €26,407 | €17,663 | -€8,744 | -33.1% |
| Recurring financial charges | 65 | €26,407 | €17,663 | -€8,744 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €294,235 | €2,361,320 | +€2.1m | +703% |
| Income taxes | 67/77 | €83,429 | €118,110 | +€34,681 | +41.6% |
| Profit (loss) for the period | 9904 | €210,806 | €2,243,210 | +€2.0m | +964% |
| Profit (loss) for the period to be appropriated | 9905 | €210,806 | €2,243,210 | +€2.0m | +964% |
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 17 October 2026 via checked.be.