ANDREAS RIJCKAERT: 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.
ANDREAS RIJCKAERT
Largest movements
- Deferred charges and accrued income -€3,097
down €3,097 (-26.4%), from €11,732 to €8,635
- Cash +€2,346
up €2,346 (+6.0%), from €38,859 to €41,205
mainly Net result for the year (+€15,380) and Deferred charges and accrued income (+€3,097)
- Tangible fixed assets -€1,350
down €1,350 (-44.0%), from €3,065 to €1,716
- Receivables within one year +€1,122
new in 2025: €1,122
- Profit (loss) carried forward +€14,547
up €14,547 (+45.6%), from €31,903 to €46,450
- Other debts -€11,429
down €11,429 (-93.2%), from €12,262 to €833
- Tax, wage and social debts -€3,892
down €3,892 (-42.4%), from €9,171 to €5,280
- Gross operating margin -€19,917
down €19,917 (-47.9%), from €41,615 to €21,699
- Taxes -€3,892
down €3,892 (-47.6%), from €8,171 to €4,280
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 | €53,657 | €52,678 | -€979 | -1.8% |
| Fixed assets | 21/28 | €3,065 | €1,716 | -€1,350 | -44.0% |
| Tangible fixed assets | 22/27 | €3,065 | €1,716 | -€1,350 | -44.0% |
| Furniture and vehicles | 24 | €3,065 | €1,716 | -€1,350 | -44.0% |
| Current assets | 29/58 | €50,591 | €50,962 | +€371 | +0.7% |
| Amounts receivable within one year | 40/41 | - | €1,122 | +€1,122 | |
| Other amounts receivable | 41 | - | €1,122 | +€1,122 | |
| Cash at bank and in hand | 54/58 | €38,859 | €41,205 | +€2,346 | +6.0% |
| Deferred charges and accrued income | 490/1 | €11,732 | €8,635 | -€3,097 | -26.4% |
| Total equity and liabilities | 10/49 | €53,657 | €52,678 | -€979 | -1.8% |
| Equity | 10/15 | €32,003 | €46,550 | +€14,547 | +45.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,903 | €46,450 | +€14,547 | +45.6% |
| Amounts payable | 17/49 | €21,654 | €6,128 | -€15,526 | -71.7% |
| Amounts payable within one year | 42/48 | €21,654 | €6,128 | -€15,526 | -71.7% |
| Trade debts | 44 | €221 | €15 | -€206 | -93.1% |
| Suppliers | 440/4 | €221 | €15 | -€206 | -93.1% |
| Taxes, remuneration and social security | 45 | €9,171 | €5,280 | -€3,892 | -42.4% |
| Taxes | 450/3 | €9,171 | €5,280 | -€3,892 | -42.4% |
| Other amounts payable | 47/48 | €12,262 | €833 | -€11,429 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €984 | €1,350 | +€366 | +37.2% |
| Other operating charges | 640/8 | €528 | €644 | +€116 | +22.0% |
| Gross operating margin | 9900 | €41,615 | €21,699 | -€19,917 | -47.9% |
| Operating profit (loss) | 9901 | €40,104 | €19,705 | -€20,399 | -50.9% |
| Financial charges | 65/66B | €30 | €45 | +€15 | +49.9% |
| Recurring financial charges | 65 | €30 | €45 | +€15 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €40,074 | €19,660 | -€20,414 | -50.9% |
| Income taxes | 67/77 | €8,171 | €4,280 | -€3,892 | -47.6% |
| Profit (loss) for the period | 9904 | €31,903 | €15,380 | -€16,522 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,903 | €15,380 | -€16,522 | -51.8% |
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 23 October 2026 via checked.be.