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.
DE RUYTE
Largest movements
- Tangible fixed assets -€119,379
down €119,379 (-7.2%), from €1.6m to €1.5m
of which Land and buildings: -€120,287
- Cash +€19,765
up €19,765 (+23.3%), from €84,681 to €104,446
mainly Depreciation (+€120,532)
- Current portion of long-term debt -€45,315
down €45,315 (-64.5%), from €70,269 to €24,954
- Debts after one year -€24,954
down €24,954 (-7.3%), from €339,912 to €314,958
of which Financial debts: -€24,954
- Provisions -€18,030
down €18,030 (-9.1%), from €198,326 to €180,296
- Gross operating margin +€8,174
up €8,174 (+5.5%), from €147,463 to €155,637
- Taxes +€4,206
up €4,206 (+42.6%), from €9,877 to €14,084
- Financial charges -€3,685
down €3,685 (-20.9%), from €17,625 to €13,940
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 | €1,769,837 | €1,673,858 | -€95,979 | -5.4% |
| Fixed assets | 21/28 | €1,648,277 | €1,528,899 | -€119,379 | -7.2% |
| Tangible fixed assets | 22/27 | €1,648,277 | €1,528,899 | -€119,379 | -7.2% |
| Land and buildings | 22 | €1,648,277 | €1,527,990 | -€120,287 | -7.3% |
| Plant, machinery and equipment | 23 | - | €908 | +€908 | |
| Current assets | 29/58 | €121,559 | €144,959 | +€23,400 | +19.3% |
| Amounts receivable within one year | 40/41 | €33,536 | €36,406 | +€2,870 | +8.6% |
| Trade receivables | 40 | €26,222 | €36,406 | +€10,184 | +38.8% |
| Other amounts receivable | 41 | €7,313 | - | -€7,313 | |
| Cash at bank and in hand | 54/58 | €84,681 | €104,446 | +€19,765 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,343 | €4,107 | +€764 | +22.9% |
| Total equity and liabilities | 10/49 | €1,769,837 | €1,673,858 | -€95,979 | -5.4% |
| Equity | 10/15 | €926,421 | €921,586 | -€4,835 | -0.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €851,421 | €846,586 | -€4,835 | -0.6% |
| Tax-exempt reserves | 132 | €385,158 | €350,143 | -€35,014 | -9.1% |
| Distributable reserves | 133 | €466,263 | €496,442 | +€30,179 | +6.5% |
| Provisions and deferred taxes | 16 | €198,326 | €180,296 | -€18,030 | -9.1% |
| Deferred taxes | 168 | €198,326 | €180,296 | -€18,030 | -9.1% |
| Amounts payable | 17/49 | €645,090 | €571,976 | -€73,114 | -11.3% |
| Amounts payable after more than one year | 17 | €339,912 | €314,958 | -€24,954 | -7.3% |
| Financial debts | 170/4 | €293,912 | €268,958 | -€24,954 | -8.5% |
| Other amounts payable | 178/9 | €46,000 | €46,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €305,178 | €257,018 | -€48,160 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €70,269 | €24,954 | -€45,315 | -64.5% |
| Trade debts | 44 | €1,826 | €329 | -€1,497 | -82.0% |
| Suppliers | 440/4 | €1,826 | €329 | -€1,497 | -82.0% |
| Taxes, remuneration and social security | 45 | €11,799 | €11,363 | -€437 | -3.7% |
| Taxes | 450/3 | €11,799 | €11,363 | -€437 | -3.7% |
| Other amounts payable | 47/48 | €221,283 | €220,372 | -€911 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,218 | €120,532 | +€1,314 | +1.1% |
| Other operating charges | 640/8 | €28,798 | €29,946 | +€1,148 | +4.0% |
| Non-recurring operating charges | 66A | €3,062 | - | -€3,062 | |
| Gross operating margin | 9900 | €147,463 | €155,637 | +€8,174 | +5.5% |
| Operating profit (loss) | 9901 | -€3,615 | €5,159 | +€8,774 | |
| Financial charges | 65/66B | €17,625 | €13,940 | -€3,685 | -20.9% |
| Recurring financial charges | 65 | €17,625 | €13,940 | -€3,685 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,240 | -€8,781 | +€12,459 | +58.7% |
| Transfer from deferred taxes | 780 | €18,030 | €18,030 | = | 0.0% |
| Income taxes | 67/77 | €9,877 | €14,084 | +€4,206 | +42.6% |
| Profit (loss) for the period | 9904 | -€13,088 | -€4,835 | +€8,253 | +63.1% |
| Transfer from tax-exempt reserves | 789 | €35,014 | €35,014 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,927 | €30,179 | +€8,253 | +37.6% |
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 15 October 2026 via checked.be.