DANNY DE RYCK: 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.
DANNY DE RYCK
Largest movements
- Cash +€40,581
up €40,581 (+19.7%), from €206,431 to €247,012
mainly Other debts (+€13,170) and Net result for the year (+€12,412)
- Receivables within one year -€3,559
down €3,559 (-8.2%), from €43,524 to €39,965
of which Trade receivables: -€5,709
- Other debts +€13,170
up €13,170 (+12.7%), from €103,739 to €116,908
- Reserves +€12,412
up €12,412 (+9.9%), from €125,069 to €137,481
of which Distributable reserves: +€21,411
- Trade debts +€5,342
up €5,342 (+98.9%), from €5,401 to €10,743
- Tax, wage and social debts +€4,827
up €4,827 (+1,392%), from €347 to €5,174
- Gross operating margin +€27,131
up €27,131 (+384%), from €7,062 to €34,194
- Financial charges +€7,323
up €7,323 (+457%), from €1,603 to €8,925
- Taxes +€5,627
up €5,627 (+163%), from €3,455 to €9,082
- Depreciation -€3,846
down €3,846 (-57.0%), from €6,748 to €2,902
- Other operating charges -€568
down €568 (-22.5%), from €2,520 to €1,952
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 | €254,263 | €288,906 | +€34,643 | +13.6% |
| Fixed assets | 21/28 | €1,959 | €555 | -€1,404 | -71.7% |
| Tangible fixed assets | 22/27 | €1,959 | €555 | -€1,404 | -71.7% |
| Furniture and vehicles | 24 | €981 | €555 | -€426 | -43.4% |
| Leasing and similar rights | 25 | €978 | €0 | -€978 | -100% |
| Current assets | 29/58 | €252,304 | €288,351 | +€36,047 | +14.3% |
| Amounts receivable within one year | 40/41 | €43,524 | €39,965 | -€3,559 | -8.2% |
| Trade receivables | 40 | €35,536 | €29,828 | -€5,709 | -16.1% |
| Other amounts receivable | 41 | €7,988 | €10,138 | +€2,150 | +26.9% |
| Cash at bank and in hand | 54/58 | €206,431 | €247,012 | +€40,581 | +19.7% |
| Deferred charges and accrued income | 490/1 | €2,349 | €1,374 | -€975 | -41.5% |
| Total equity and liabilities | 10/49 | €254,263 | €288,906 | +€34,643 | +13.6% |
| Equity | 10/15 | €143,669 | €156,081 | +€12,412 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,069 | €137,481 | +€12,412 | +9.9% |
| Tax-exempt reserves | 132 | €8,999 | €0 | -€8,999 | -100% |
| Distributable reserves | 133 | €116,070 | €137,481 | +€21,411 | +18.4% |
| Amounts payable | 17/49 | €110,594 | €132,825 | +€22,231 | +20.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €110,594 | €132,825 | +€22,231 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €1,108 | €0 | -€1,108 | -100% |
| Trade debts | 44 | €5,401 | €10,743 | +€5,342 | +98.9% |
| Suppliers | 440/4 | €5,401 | €10,743 | +€5,342 | +98.9% |
| Taxes, remuneration and social security | 45 | €347 | €5,174 | +€4,827 | +1,392% |
| Taxes | 450/3 | €347 | €5,174 | +€4,827 | +1,392% |
| Other amounts payable | 47/48 | €103,739 | €116,908 | +€13,170 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,748 | €2,902 | -€3,846 | -57.0% |
| Other operating charges | 640/8 | €2,520 | €1,952 | -€568 | -22.5% |
| Gross operating margin | 9900 | €7,062 | €34,194 | +€27,131 | +384% |
| Operating profit (loss) | 9901 | -€2,205 | €29,340 | +€31,545 | |
| Financial income | 75/76B | €1,075 | €1,079 | +€5 | +0.5% |
| Recurring financial income | 75 | €1,075 | €1,079 | +€5 | +0.5% |
| Financial charges | 65/66B | €1,603 | €8,925 | +€7,323 | +457% |
| Recurring financial charges | 65 | €1,603 | €8,925 | +€7,323 | +457% |
| Profit (loss) for the period before taxes | 9903 | -€2,734 | €21,494 | +€24,227 | |
| Income taxes | 67/77 | €3,455 | €9,082 | +€5,627 | +163% |
| Profit (loss) for the period | 9904 | -€6,188 | €12,412 | +€18,600 | |
| Transfer from tax-exempt reserves | 789 | €11,000 | €8,999 | -€2,001 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,812 | €21,411 | +€16,599 | +345% |
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 19 October 2026 via checked.be.