RIDORA: 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.
RIDORA
Largest movements
- Receivables within one year +€174,222
up €174,222 (+38.8%), from €449,281 to €623,503
of which Other amounts receivable: +€162,327
- Other debts +€392,701
up €392,701 (+78,540%), from €500 to €393,201
- Debts after one year -€216,124
down €216,124 (-6.1%), from €3.6m to €3.3m
- Tax, wage and social debts -€45,655
no longer reported in 2025 (was €45,655)
- Financial income +€153,752
up €153,752, from €0 to €153,752
of which Financial income: +€153,752
- Financial charges +€121,856
up €121,856 (+835%), from €14,591 to €136,447
- Taxes -€34,588
down €34,588 (-75.8%), from €45,655 to €11,067
- Gross operating margin -€3,143
down €3,143 (-1.7%), from €190,326 to €187,182
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 | €4,037,494 | €4,198,402 | +€160,908 | +4.0% |
| Fixed assets | 21/28 | €3,577,500 | €3,571,121 | -€6,379 | -0.2% |
| Tangible fixed assets | 22/27 | €85,807 | €79,427 | -€6,379 | -7.4% |
| Land and buildings | 22 | €85,807 | €79,427 | -€6,379 | -7.4% |
| Financial fixed assets | 28 | €3,491,694 | €3,491,694 | = | 0.0% |
| Current assets | 29/58 | €459,993 | €627,281 | +€167,288 | +36.4% |
| Amounts receivable within one year | 40/41 | €449,281 | €623,503 | +€174,222 | +38.8% |
| Trade receivables | 40 | €188 | €12,082 | +€11,895 | +6,342% |
| Other amounts receivable | 41 | €449,094 | €611,421 | +€162,327 | +36.1% |
| Cash at bank and in hand | 54/58 | €10,712 | €3,778 | -€6,934 | -64.7% |
| Total equity and liabilities | 10/49 | €4,037,494 | €4,198,402 | +€160,908 | +4.0% |
| Equity | 10/15 | €227,549 | €227,549 | = | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €166,049 | €166,049 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,500 | €42,500 | = | 0.0% |
| Legal reserve | 130 | €42,500 | €42,500 | = | 0.0% |
| Distributable reserves | 133 | €123,549 | €123,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,809,945 | €3,970,853 | +€160,908 | +4.2% |
| Amounts payable after more than one year | 17 | €3,555,137 | €3,339,012 | -€216,124 | -6.1% |
| Financial debts | 170/4 | €3,555,137 | €3,339,012 | -€216,124 | -6.1% |
| Amounts payable within one year | 42/48 | €254,808 | €631,841 | +€377,033 | +148% |
| Current portion of amounts payable after more than one year | 42 | €208,653 | €216,124 | +€7,471 | +3.6% |
| Financial debts | 43 | - | €22,515 | +€22,515 | |
| Credit institutions | 430/8 | - | €15,632 | +€15,632 | |
| Other loans | 439 | - | €6,883 | +€6,883 | |
| Taxes, remuneration and social security | 45 | €45,655 | - | -€45,655 | |
| Taxes | 450/3 | €45,655 | - | -€45,655 | |
| Other amounts payable | 47/48 | €500 | €393,201 | +€392,701 | +78,540% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,227 | €6,379 | -€848 | -11.7% |
| Other operating charges | 640/8 | €968 | €88 | -€880 | -90.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,326 | €187,182 | -€3,143 | -1.7% |
| Operating profit (loss) | 9901 | €182,131 | €180,715 | -€1,416 | -0.8% |
| Financial income | 75/76B | €0 | €153,752 | +€153,752 | |
| Recurring financial income | 75 | €0 | €153,752 | +€153,752 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €14,591 | €136,447 | +€121,856 | +835% |
| Recurring financial charges | 65 | €14,591 | €136,447 | +€121,856 | +835% |
| Profit (loss) for the period before taxes | 9903 | €167,540 | €198,020 | +€30,480 | +18.2% |
| Income taxes | 67/77 | €45,655 | €11,067 | -€34,588 | -75.8% |
| Profit (loss) for the period | 9904 | €121,885 | €186,953 | +€65,068 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,885 | €186,953 | +€65,068 | +53.4% |
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 14 October 2026 via checked.be.