Ritzen Anouk: 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.
Ritzen Anouk
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€54,417
down €54,417 (-82.4%), from €66,039 to €11,622
mainly Contributions, distributions and other (-€188,322) and Current investments (-€100,000)
- Tangible fixed assets -€23,375
down €23,375 (-5.5%), from €423,389 to €400,014
of which Land and buildings: -€20,892
- Other debts +€144,035
up €144,035 (+12,635%), from €1,140 to €145,175
- Reserves -€80,816
down €80,816 (-17.4%), from €465,320 to €384,504
of which Distributable reserves: -€80,816
- Debts after one year -€55,649
down €55,649 (-10.1%), from €549,020 to €493,371
- Trade debts +€14,884
new in 2025: €14,884
- Gross operating margin +€53,868
up €53,868 (+42.6%), from €126,406 to €180,274
- Taxes +€13,287
up €13,287 (+49.8%), from €26,671 to €39,958
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 | €1,223,615 | €1,245,396 | +€21,781 | +1.8% |
| Fixed assets | 21/28 | €1,157,101 | €1,133,725 | -€23,375 | -2.0% |
| Tangible fixed assets | 22/27 | €423,389 | €400,014 | -€23,375 | -5.5% |
| Land and buildings | 22 | €408,965 | €388,073 | -€20,892 | -5.1% |
| Plant, machinery and equipment | 23 | €2,990 | €1,327 | -€1,662 | -55.6% |
| Furniture and vehicles | 24 | €11,434 | €10,613 | -€821 | -7.2% |
| Financial fixed assets | 28 | €733,712 | €733,712 | = | 0.0% |
| Current assets | 29/58 | €66,514 | €111,671 | +€45,157 | +67.9% |
| Amounts receivable within one year | 40/41 | €476 | - | -€476 | |
| Trade receivables | 40 | €365 | - | -€365 | |
| Other amounts receivable | 41 | €111 | - | -€111 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €66,039 | €11,622 | -€54,417 | -82.4% |
| Deferred charges and accrued income | 490/1 | - | €49 | +€49 | |
| Total equity and liabilities | 10/49 | €1,223,615 | €1,245,396 | +€21,781 | +1.8% |
| Equity | 10/15 | €588,405 | €507,589 | -€80,816 | -13.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €465,320 | €384,504 | -€80,816 | -17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €463,460 | €382,644 | -€80,816 | -17.4% |
| Profit (loss) carried forward | 14 | €110,684 | €110,684 | = | 0.0% |
| Amounts payable | 17/49 | €635,211 | €737,808 | +€102,597 | +16.2% |
| Amounts payable after more than one year | 17 | €549,020 | €493,371 | -€55,649 | -10.1% |
| Financial debts | 170/4 | €549,020 | €493,371 | -€55,649 | -10.1% |
| Amounts payable within one year | 42/48 | €85,208 | €243,937 | +€158,729 | +186% |
| Current portion of amounts payable after more than one year | 42 | €54,725 | €55,649 | +€924 | +1.7% |
| Trade debts | 44 | - | €14,884 | +€14,884 | |
| Suppliers | 440/4 | - | €14,884 | +€14,884 | |
| Taxes, remuneration and social security | 45 | €29,343 | €28,229 | -€1,113 | -3.8% |
| Taxes | 450/3 | €29,343 | €28,229 | -€1,113 | -3.8% |
| Other amounts payable | 47/48 | €1,140 | €145,175 | +€144,035 | +12,635% |
| Accrued charges and deferred income | 492/3 | €983 | €500 | -€483 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,287 | €24,012 | +€724 | +3.1% |
| Other operating charges | 640/8 | €494 | €165 | -€329 | -66.6% |
| Gross operating margin | 9900 | €126,406 | €180,274 | +€53,868 | +42.6% |
| Operating profit (loss) | 9901 | €102,624 | €156,097 | +€53,473 | +52.1% |
| Financial charges | 65/66B | €10,075 | €8,634 | -€1,441 | -14.3% |
| Recurring financial charges | 65 | €10,075 | €8,634 | -€1,441 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €92,549 | €147,463 | +€54,915 | +59.3% |
| Income taxes | 67/77 | €26,671 | €39,958 | +€13,287 | +49.8% |
| Profit (loss) for the period | 9904 | €65,878 | €107,506 | +€41,628 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,878 | €107,506 | +€41,628 | +63.2% |
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 24 October 2026 via checked.be.