DE RUYCK: 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.
DE RUYCK
Largest movements
- Cash +€26,955
up €26,955 (+323%), from €8,339 to €35,294
mainly Receivables within one year (+€20,602) and Depreciation (+€16,041)
- Receivables within one year -€20,602
down €20,602 (-83.2%), from €24,757 to €4,155
of which Trade receivables: -€17,829
- Tangible fixed assets -€7,376
down €7,376 (-3.7%), from €197,639 to €190,264
of which Land and buildings: -€6,699
- Stocks and contracts -€2,450
down €2,450 (-96.8%), from €2,531 to €81
- Reserves +€12,929
up €12,929 (+20.2%), from €64,026 to €76,955
- Trade debts -€9,201
down €9,201 (-40.4%), from €22,765 to €13,564
- Debts after one year -€7,706
down €7,706 (-7.0%), from €110,549 to €102,844
- Gross operating margin +€20,033
up €20,033 (+61.4%), from €32,623 to €52,655
- Staff costs +€12,968
up €12,968 (+1,292%), from €1,004 to €13,972
- Taxes +€3,339
up €3,339 (+187%), from €1,789 to €5,128
- Write-downs -€3,282
no longer reported in 2025 (was €3,282)
- Depreciation -€803
down €803 (-4.8%), from €16,844 to €16,041
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 | €234,981 | €232,347 | -€2,634 | -1.1% |
| Fixed assets | 21/28 | €197,639 | €190,264 | -€7,376 | -3.7% |
| Tangible fixed assets | 22/27 | €197,639 | €190,264 | -€7,376 | -3.7% |
| Land and buildings | 22 | €179,416 | €172,717 | -€6,699 | -3.7% |
| Plant, machinery and equipment | 23 | €4,624 | €7,947 | +€3,323 | +71.9% |
| Furniture and vehicles | 24 | €13,600 | €9,600 | -€4,000 | -29.4% |
| Current assets | 29/58 | €37,342 | €42,083 | +€4,742 | +12.7% |
| Stocks and contracts in progress | 3 | €2,531 | €81 | -€2,450 | -96.8% |
| Stocks | 30/36 | €2,531 | €81 | -€2,450 | -96.8% |
| Amounts receivable within one year | 40/41 | €24,757 | €4,155 | -€20,602 | -83.2% |
| Trade receivables | 40 | €18,568 | €738 | -€17,829 | -96.0% |
| Other amounts receivable | 41 | €6,190 | €3,417 | -€2,773 | -44.8% |
| Cash at bank and in hand | 54/58 | €8,339 | €35,294 | +€26,955 | +323% |
| Deferred charges and accrued income | 490/1 | €1,714 | €2,553 | +€839 | +49.0% |
| Total equity and liabilities | 10/49 | €234,981 | €232,347 | -€2,634 | -1.1% |
| Equity | 10/15 | €92,826 | €105,755 | +€12,929 | +13.9% |
| Contributions | 10/11 | €28,800 | €28,800 | = | 0.0% |
| Reserves | 13 | €64,026 | €76,955 | +€12,929 | +20.2% |
| Distributable reserves | 133 | €64,026 | €76,955 | +€12,929 | +20.2% |
| Amounts payable | 17/49 | €142,155 | €126,592 | -€15,564 | -10.9% |
| Amounts payable after more than one year | 17 | €110,549 | €102,844 | -€7,706 | -7.0% |
| Financial debts | 170/4 | €110,549 | €102,844 | -€7,706 | -7.0% |
| Amounts payable within one year | 42/48 | €31,606 | €23,748 | -€7,858 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €7,591 | €7,706 | +€115 | +1.5% |
| Trade debts | 44 | €22,765 | €13,564 | -€9,201 | -40.4% |
| Suppliers | 440/4 | €22,765 | €13,564 | -€9,201 | -40.4% |
| Taxes, remuneration and social security | 45 | - | €925 | +€925 | |
| Taxes | 450/3 | - | €102 | +€102 | |
| Remuneration and social security | 454/9 | - | €823 | +€823 | |
| Other amounts payable | 47/48 | €1,250 | €1,554 | +€304 | +24.3% |
| Remuneration, social security and pensions | 62 | €1,004 | €13,972 | +€12,968 | +1,292% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,844 | €16,041 | -€803 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,282 | - | -€3,282 | |
| Other operating charges | 640/8 | €1,097 | €1,788 | +€691 | +63.0% |
| Gross operating margin | 9900 | €32,623 | €52,655 | +€20,033 | +61.4% |
| Operating profit (loss) | 9901 | €10,396 | €20,855 | +€10,459 | +101% |
| Financial income | 75/76B | €191 | €93 | -€97 | -51.0% |
| Recurring financial income | 75 | €191 | €93 | -€97 | -51.0% |
| Financial charges | 65/66B | €2,355 | €2,040 | -€315 | -13.4% |
| Recurring financial charges | 65 | €2,355 | €2,040 | -€315 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €8,231 | €18,908 | +€10,676 | +130% |
| Income taxes | 67/77 | €1,789 | €5,128 | +€3,339 | +187% |
| Profit (loss) for the period | 9904 | €6,443 | €13,779 | +€7,337 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €6,443 | €13,779 | +€7,337 | +114% |
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 29 October 2026 via checked.be.