Antoine de Ryckel: what changed
Antoine de Ryckel
Largest movements
- Tangible fixed assets +€34,518
up €34,518 (+21,188%), from €163 to €34,681
of which Furniture and vehicles: +€32,335
- Receivables within one year -€20,237
down €20,237 (-91.6%), from €22,083 to €1,846
of which Trade receivables: -€20,207
- Cash -€16,127
down €16,127 (-25.8%), from €62,548 to €46,421
mainly Contributions, distributions and other (-€95,289) and Investment in fixed assets (net) (-€45,475)
- Financial fixed assets +€6,000
up €6,000 (+16.2%), from €37,000 to €43,000
- Reserves +€9,045
up €9,045 (+9.5%), from €95,289 to €104,334
- Other debts -€2,425
no longer reported in 2025 (was €2,425)
- Gross operating margin +€7,188
up €7,188 (+5.5%), from €130,644 to €137,832
- Depreciation -€1,776
down €1,776 (-26.4%), from €6,734 to €4,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,150 | €126,898 | +€4,748 | +3.9% |
| Fixed assets | 21/28 | €37,163 | €77,681 | +€40,518 | +109% |
| Tangible fixed assets | 22/27 | €163 | €34,681 | +€34,518 | +21,188% |
| Plant, machinery and equipment | 23 | - | €2,183 | +€2,183 | |
| Furniture and vehicles | 24 | €163 | €32,498 | +€32,335 | +19,848% |
| Financial fixed assets | 28 | €37,000 | €43,000 | +€6,000 | +16.2% |
| Current assets | 29/58 | €84,987 | €49,217 | -€35,770 | -42.1% |
| Amounts receivable within one year | 40/41 | €22,083 | €1,846 | -€20,237 | -91.6% |
| Trade receivables | 40 | €20,207 | - | -€20,207 | |
| Other amounts receivable | 41 | €1,876 | €1,846 | -€30 | -1.6% |
| Cash at bank and in hand | 54/58 | €62,548 | €46,421 | -€16,127 | -25.8% |
| Deferred charges and accrued income | 490/1 | €356 | €950 | +€594 | +167% |
| Total equity and liabilities | 10/49 | €122,150 | €126,898 | +€4,748 | +3.9% |
| Equity | 10/15 | €115,289 | €124,334 | +€9,045 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,289 | €104,334 | +€9,045 | +9.5% |
| Distributable reserves | 133 | €95,289 | €104,334 | +€9,045 | +9.5% |
| Amounts payable | 17/49 | €6,862 | €2,564 | -€4,297 | -62.6% |
| Amounts payable within one year | 42/48 | €6,862 | €2,564 | -€4,297 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €523 | - | -€523 | |
| Trade debts | 44 | €282 | - | -€282 | |
| Suppliers | 440/4 | €282 | - | -€282 | |
| Taxes, remuneration and social security | 45 | €3,632 | €2,564 | -€1,068 | -29.4% |
| Taxes | 450/3 | €3,632 | €2,564 | -€1,068 | -29.4% |
| Other amounts payable | 47/48 | €2,425 | - | -€2,425 | |
| Non-recurring operating income | 76A | - | €6,324 | +€6,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,734 | €4,957 | -€1,776 | -26.4% |
| Other operating charges | 640/8 | €285 | €268 | -€18 | -6.2% |
| Gross operating margin | 9900 | €130,644 | €137,832 | +€7,188 | +5.5% |
| Operating profit (loss) | 9901 | €123,625 | €132,607 | +€8,982 | +7.3% |
| Financial charges | 65/66B | €212 | €97 | -€115 | -54.1% |
| Recurring financial charges | 65 | €212 | €97 | -€115 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €123,413 | €132,510 | +€9,097 | +7.4% |
| Income taxes | 67/77 | €28,124 | €28,176 | +€52 | +0.2% |
| Profit (loss) for the period | 9904 | €95,289 | €104,334 | +€9,045 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,289 | €104,334 | +€9,045 | +9.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.