De Ruyte: 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.
What changed
De Ruyte
NACE 47.721, Retail sale of footwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,758
2024 · -€49,900+€97,658
Equity
€682,257
2024 · €634,499+€47,758
Cash
€40,704
2024 · €33,896+€6,808
Balance sheet total
€980,203
2024 · €1.1m-€146,001
Largest movements
Assets
- Stocks and contracts -€125,701
down €125,701 (-17.4%), from €720,826 to €595,125
- Tangible fixed assets -€39,239
down €39,239 (-10.9%), from €359,982 to €320,743
of which Other tangible fixed assets: -€29,766
Equity and liabilities
- Provisions -€104,283
down €104,283 (-100%), from €104,283 to €0
of which Provisions for liabilities and charges: -€101,250
- Debts after one year -€55,075
down €55,075 (-51.2%), from €107,559 to €52,484
- Profit (loss) carried forward +€54,835
up €54,835 (+29.8%), from €183,824 to €238,659
- Trade debts -€31,972
down €31,972 (-27.6%), from €116,036 to €84,064
Income statement
- Provisions -€101,250
new in 2025: -€101,250
- Gross operating margin -€9,168
down €9,168 (-5.4%), from €171,364 to €162,196
- Financial charges -€5,927
down €5,927 (-33.3%), from €17,790 to €11,863
- Financial income -€4,825
down €4,825 (-64.4%), from €7,487 to €2,662
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.
Result 2024
-€49,900
Gross operating margin
-€9,168
Staff costs
+€944
Depreciation
+€961
Provisions
+€101,250
Other operating charges
-€268
Financial income
-€4,825
Financial charges
+€5,927
Taxes
-€6
Deferred taxes and other
+€2,844
Result 2025
€47,758
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€62,102
Investment
-€2,356
Financing
-€52,938
Cash 2024
€33,896
From operations (derived)
+€62,102
Net result for the year
+€47,758
Depreciation
+€41,847
Stocks and contracts
+€125,701
Receivables within one year
-€8,308
Deferred charges and accrued income
-€4,075
Provisions
-€104,283
Trade debts
-€31,972
Tax, wage and social debts
+€1,579
Other debts
-€3,832
Accrued charges and deferred income
-€2,312
Investment (derived)
-€2,356
Investment in fixed assets (net)
-€2,356
Financing
-€52,938
Debts after one year
-€55,075
Current portion of long-term debt
+€2,137
Cash 2025
€40,704
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,204 | €980,203 | -€146,001 | -13.0% |
| Fixed assets | 21/28 | €360,426 | €320,935 | -€39,491 | -11.0% |
| Intangible fixed assets | 21 | €319 | €67 | -€252 | -79.0% |
| Tangible fixed assets | 22/27 | €359,982 | €320,743 | -€39,239 | -10.9% |
| Land and buildings | 22 | €158,827 | €148,900 | -€9,927 | -6.2% |
| Plant, machinery and equipment | 23 | €425 | €2,410 | +€1,985 | +468% |
| Furniture and vehicles | 24 | €8,889 | €7,357 | -€1,532 | -17.2% |
| Other tangible fixed assets | 26 | €191,841 | €162,075 | -€29,766 | -15.5% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €765,778 | €659,268 | -€106,510 | -13.9% |
| Stocks and contracts in progress | 3 | €720,826 | €595,125 | -€125,701 | -17.4% |
| Stocks | 30/36 | €720,826 | €595,125 | -€125,701 | -17.4% |
| Amounts receivable within one year | 40/41 | €7,011 | €15,319 | +€8,308 | +119% |
| Trade receivables | 40 | €7,011 | €15,319 | +€8,308 | +119% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,896 | €40,704 | +€6,808 | +20.1% |
| Deferred charges and accrued income | 490/1 | €4,045 | €8,120 | +€4,075 | +101% |
| Total equity and liabilities | 10/49 | €1,126,204 | €980,203 | -€146,001 | -13.0% |
| Equity | 10/15 | €634,499 | €682,257 | +€47,758 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €432,075 | €424,998 | -€7,077 | -1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,215 | €13,138 | -€7,077 | -35.0% |
| Distributable reserves | 133 | €411,860 | €411,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,824 | €238,659 | +€54,835 | +29.8% |
| Provisions and deferred taxes | 16 | €104,283 | €0 | -€104,283 | -100% |
| Provisions for liabilities and charges | 160/5 | €101,250 | €0 | -€101,250 | -100% |
| Pensions and similar obligations | 160 | €101,250 | €0 | -€101,250 | -100% |
| Deferred taxes | 168 | €3,033 | €0 | -€3,033 | -100% |
| Amounts payable | 17/49 | €387,422 | €297,946 | -€89,476 | -23.1% |
| Amounts payable after more than one year | 17 | €107,559 | €52,484 | -€55,075 | -51.2% |
| Financial debts | 170/4 | €107,559 | €52,484 | -€55,075 | -51.2% |
| Amounts payable within one year | 42/48 | €275,662 | €243,573 | -€32,088 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €52,938 | €55,075 | +€2,137 | +4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €116,036 | €84,064 | -€31,972 | -27.6% |
| Suppliers | 440/4 | €116,036 | €84,064 | -€31,972 | -27.6% |
| Taxes, remuneration and social security | 45 | €48,783 | €50,362 | +€1,579 | +3.2% |
| Taxes | 450/3 | €22,781 | €23,044 | +€264 | +1.2% |
| Remuneration and social security | 454/9 | €26,003 | €27,318 | +€1,315 | +5.1% |
| Other amounts payable | 47/48 | €57,904 | €54,072 | -€3,832 | -6.6% |
| Accrued charges and deferred income | 492/3 | €4,201 | €1,888 | -€2,312 | -55.0% |
| Non-recurring operating income | 76A | - | €520 | +€520 | |
| Remuneration, social security and pensions | 62 | €163,990 | €163,046 | -€944 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,808 | €41,847 | -€961 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€101,250 | -€101,250 | |
| Other operating charges | 640/8 | €4,219 | €4,487 | +€268 | +6.4% |
| Gross operating margin | 9900 | €171,364 | €162,196 | -€9,168 | -5.4% |
| Operating profit (loss) | 9901 | -€39,653 | €54,066 | +€93,718 | |
| Financial income | 75/76B | €7,487 | €2,662 | -€4,825 | -64.4% |
| Recurring financial income | 75 | €7,487 | €2,662 | -€4,825 | -64.4% |
| Financial charges | 65/66B | €17,790 | €11,863 | -€5,927 | -33.3% |
| Recurring financial charges | 65 | €17,790 | €11,863 | -€5,927 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,955 | €44,865 | +€94,820 | |
| Transfer from deferred taxes | 780 | €190 | €3,033 | +€2,844 | +1,500% |
| Income taxes | 67/77 | €134 | €140 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | -€49,900 | €47,758 | +€97,658 | |
| Transfer from tax-exempt reserves | 789 | €442 | €7,077 | +€6,635 | +1,500% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,458 | €54,835 | +€104,293 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.