CVA De Ruyver: 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.
CVA De Ruyver
Largest movements
- Cash -€36,828
down €36,828 (-20.2%), from €181,918 to €145,090
mainly Net result for the year (-€26,737) and Receivables within one year (-€14,535)
- Tangible fixed assets -€17,332
down €17,332 (-4.0%), from €434,064 to €416,732
of which Land and buildings: -€15,768
- Receivables within one year +€14,535
up €14,535 (+155%), from €9,396 to €23,931
- Reserves -€26,737
down €26,737 (-4.6%), from €584,583 to €557,846
of which Distributable reserves: -€26,737
- Current portion of long-term debt -€10,953
no longer reported in 2025 (was €10,953)
- Gross operating margin -€12,722
down €12,722, from €7,496 to -€5,227
- Depreciation -€5,299
down €5,299 (-23.4%), from €22,631 to €17,332
- Other operating charges +€478
up €478 (+13.5%), from €3,534 to €4,012
- Financial income +€254
up €254 (+23.8%), from €1,068 to €1,322
- Financial charges -€145
down €145 (-25.6%), from €567 to €422
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 | €658,272 | €624,538 | -€33,735 | -5.1% |
| Fixed assets | 21/28 | €434,064 | €416,732 | -€17,332 | -4.0% |
| Tangible fixed assets | 22/27 | €434,064 | €416,732 | -€17,332 | -4.0% |
| Land and buildings | 22 | €430,375 | €414,607 | -€15,768 | -3.7% |
| Plant, machinery and equipment | 23 | €2,118 | €950 | -€1,167 | -55.1% |
| Furniture and vehicles | 24 | €1,572 | €1,175 | -€397 | -25.2% |
| Current assets | 29/58 | €224,208 | €207,805 | -€16,403 | -7.3% |
| Stocks and contracts in progress | 3 | €28,750 | €34,100 | +€5,350 | +18.6% |
| Stocks | 30/36 | €28,750 | €34,100 | +€5,350 | +18.6% |
| Amounts receivable within one year | 40/41 | €9,396 | €23,931 | +€14,535 | +155% |
| Other amounts receivable | 41 | €9,396 | €23,931 | +€14,535 | +155% |
| Cash at bank and in hand | 54/58 | €181,918 | €145,090 | -€36,828 | -20.2% |
| Deferred charges and accrued income | 490/1 | €4,144 | €4,684 | +€541 | +13.1% |
| Total equity and liabilities | 10/49 | €658,272 | €624,538 | -€33,735 | -5.1% |
| Equity | 10/15 | €646,583 | €619,846 | -€26,737 | -4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €584,583 | €557,846 | -€26,737 | -4.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €578,383 | €551,646 | -€26,737 | -4.6% |
| Amounts payable | 17/49 | €11,689 | €4,692 | -€6,997 | -59.9% |
| Amounts payable within one year | 42/48 | €11,689 | €4,692 | -€6,997 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €10,953 | - | -€10,953 | |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €575 | €4,499 | +€3,924 | +683% |
| Suppliers | 440/4 | €575 | €4,499 | +€3,924 | +683% |
| Taxes, remuneration and social security | 45 | €157 | €189 | +€32 | +20.6% |
| Taxes | 450/3 | €157 | €189 | +€32 | +20.6% |
| Non-recurring operating income | 76A | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,631 | €17,332 | -€5,299 | -23.4% |
| Other operating charges | 640/8 | €3,534 | €4,012 | +€478 | +13.5% |
| Non-recurring operating charges | 66A | - | €870 | +€870 | |
| Gross operating margin | 9900 | €7,496 | -€5,227 | -€12,722 | |
| Operating profit (loss) | 9901 | -€18,670 | -€27,440 | -€8,770 | -47.0% |
| Financial income | 75/76B | €1,068 | €1,322 | +€254 | +23.8% |
| Recurring financial income | 75 | €1,068 | €1,322 | +€254 | +23.8% |
| Financial charges | 65/66B | €567 | €422 | -€145 | -25.6% |
| Recurring financial charges | 65 | €567 | €422 | -€145 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,169 | -€26,540 | -€8,371 | -46.1% |
| Income taxes | 67/77 | €205 | €197 | -€8 | -3.7% |
| Profit (loss) for the period | 9904 | -€18,374 | -€26,737 | -€8,364 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,374 | -€26,737 | -€8,364 | -45.5% |
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 22 October 2026 via checked.be.