Steven De Ridder: 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.
Steven De Ridder
Largest movements
- Cash +€92,608
up €92,608 (+186%), from €49,881 to €142,489
mainly Net result for the year (+€71,031) and Tax, wage and social debts (+€22,188)
- Reserves +€70,000
up €70,000 (+313%), from €22,350 to €92,350
- Tax, wage and social debts +€22,188
up €22,188 (+172%), from €12,926 to €35,114
- Gross operating margin +€69,024
up €69,024 (+196%), from €35,286 to €104,310
- Taxes +€18,151
up €18,151 (+197%), from €9,212 to €27,363
- Financial charges +€2,889
up €2,889 (+170%), from €1,702 to €4,591
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 | €52,793 | €144,760 | +€91,967 | +174% |
| Formation expenses | 20 | €169 | €0 | -€169 | -100% |
| Fixed assets | 21/28 | €2,206 | €1,755 | -€451 | -20.4% |
| Tangible fixed assets | 22/27 | €2,206 | €1,755 | -€451 | -20.4% |
| Furniture and vehicles | 24 | €2,206 | €1,755 | -€451 | -20.4% |
| Current assets | 29/58 | €50,418 | €143,005 | +€92,587 | +184% |
| Amounts receivable within one year | 40/41 | - | €7 | +€7 | |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €49,881 | €142,489 | +€92,608 | +186% |
| Deferred charges and accrued income | 490/1 | €537 | €509 | -€28 | -5.1% |
| Total equity and liabilities | 10/49 | €52,793 | €144,760 | +€91,967 | +174% |
| Equity | 10/15 | €37,366 | €107,564 | +€70,198 | +188% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €22,350 | €92,350 | +€70,000 | +313% |
| Distributable reserves | 133 | €22,350 | €92,350 | +€70,000 | +313% |
| Profit (loss) carried forward | 14 | €16 | €214 | +€198 | +1,226% |
| Amounts payable | 17/49 | €15,427 | €37,196 | +€21,769 | +141% |
| Amounts payable within one year | 42/48 | €15,427 | €37,196 | +€21,769 | +141% |
| Trade debts | 44 | €1,070 | €1,341 | +€270 | +25.3% |
| Suppliers | 440/4 | €1,070 | €1,341 | +€270 | +25.3% |
| Taxes, remuneration and social security | 45 | €12,926 | €35,114 | +€22,188 | +172% |
| Taxes | 450/3 | €12,926 | €35,114 | +€22,188 | +172% |
| Other amounts payable | 47/48 | €1,430 | €741 | -€689 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €620 | -€425 | -40.6% |
| Other operating charges | 640/8 | €129 | €706 | +€577 | +446% |
| Gross operating margin | 9900 | €35,286 | €104,310 | +€69,024 | +196% |
| Operating profit (loss) | 9901 | €34,113 | €102,984 | +€68,872 | +202% |
| Financial charges | 65/66B | €1,702 | €4,591 | +€2,889 | +170% |
| Recurring financial charges | 65 | €1,702 | €4,591 | +€2,889 | +170% |
| Profit (loss) for the period before taxes | 9903 | €32,411 | €98,393 | +€65,983 | +204% |
| Income taxes | 67/77 | €9,212 | €27,363 | +€18,151 | +197% |
| Profit (loss) for the period | 9904 | €23,199 | €71,031 | +€47,832 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €23,199 | €71,031 | +€47,832 | +206% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.