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.
DE RYCK
Largest movements
- Tangible fixed assets +€566,108
up €566,108 (+18.9%), from €3.0m to €3.6m
of which Leasing and similar rights: +€497,353
- Cash -€63,250
down €63,250 (-19.3%), from €327,762 to €264,512
mainly Investment in fixed assets (net) (-€1.3m) and Tax, wage and social debts (-€153,903)
- Stocks and contracts +€52,037
up €52,037 (+10.3%), from €507,034 to €559,071
- Debts after one year +€328,592
up €328,592 (+20.0%), from €1.6m to €2.0m
- Current portion of long-term debt +€223,421
up €223,421 (+19.4%), from €1.2m to €1.4m
- Reserves +€222,707
up €222,707 (+30.4%), from €731,496 to €954,203
of which Distributable reserves: +€222,707
- Tax, wage and social debts -€153,903
down €153,903 (-93.4%), from €164,863 to €10,960
of which Taxes: -€155,384
- Depreciation +€169,306
up €169,306 (+31.2%), from €542,093 to €711,399
- Gross operating margin +€77,841
up €77,841 (+6.4%), from €1.2m to €1.3m
- Taxes -€55,755
down €55,755 (-35.3%), from €158,094 to €102,338
- Financial charges +€47,481
up €47,481 (+58.9%), from €80,562 to €128,044
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.
Cash bridge derived
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 | €4,100,264 | €4,682,420 | +€582,156 | +14.2% |
| Fixed assets | 21/28 | €3,004,287 | €3,585,465 | +€581,178 | +19.3% |
| Intangible fixed assets | 21 | - | €15,205 | +€15,205 | |
| Tangible fixed assets | 22/27 | €3,003,010 | €3,569,118 | +€566,108 | +18.9% |
| Land and buildings | 22 | €1,417,163 | €1,370,202 | -€46,961 | -3.3% |
| Plant, machinery and equipment | 23 | €410,917 | €525,593 | +€114,676 | +27.9% |
| Furniture and vehicles | 24 | €46,655 | €47,694 | +€1,040 | +2.2% |
| Leasing and similar rights | 25 | €1,128,276 | €1,625,629 | +€497,353 | +44.1% |
| Financial fixed assets | 28 | €1,278 | €1,143 | -€135 | -10.6% |
| Current assets | 29/58 | €1,095,977 | €1,096,954 | +€977 | +0.1% |
| Stocks and contracts in progress | 3 | €507,034 | €559,071 | +€52,037 | +10.3% |
| Stocks | 30/36 | €507,034 | €559,071 | +€52,037 | +10.3% |
| Amounts receivable within one year | 40/41 | €245,057 | €255,552 | +€10,495 | +4.3% |
| Trade receivables | 40 | €213,905 | €222,336 | +€8,431 | +3.9% |
| Other amounts receivable | 41 | €31,152 | €33,216 | +€2,064 | +6.6% |
| Cash at bank and in hand | 54/58 | €327,762 | €264,512 | -€63,250 | -19.3% |
| Deferred charges and accrued income | 490/1 | €16,125 | €17,820 | +€1,695 | +10.5% |
| Total equity and liabilities | 10/49 | €4,100,264 | €4,682,420 | +€582,156 | +14.2% |
| Equity | 10/15 | €975,948 | €1,198,655 | +€222,707 | +22.8% |
| Contributions | 10/11 | €244,452 | €244,452 | = | 0.0% |
| Capital | 10 | €244,452 | €244,452 | = | 0.0% |
| Issued capital | 100 | €244,452 | €244,452 | = | 0.0% |
| Reserves | 13 | €731,496 | €954,203 | +€222,707 | +30.4% |
| Non-distributable reserves | 130/1 | €24,445 | €24,445 | = | 0.0% |
| Legal reserve | 130 | €24,445 | €24,445 | = | 0.0% |
| Distributable reserves | 133 | €707,050 | €929,758 | +€222,707 | +31.5% |
| Amounts payable | 17/49 | €3,124,316 | €3,483,765 | +€359,448 | +11.5% |
| Amounts payable after more than one year | 17 | €1,640,910 | €1,969,502 | +€328,592 | +20.0% |
| Financial debts | 170/4 | €1,640,910 | €1,969,502 | +€328,592 | +20.0% |
| Amounts payable within one year | 42/48 | €1,473,495 | €1,504,535 | +€31,040 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €1,154,412 | €1,377,833 | +€223,421 | +19.4% |
| Trade debts | 44 | €138,060 | €102,977 | -€35,083 | -25.4% |
| Suppliers | 440/4 | €138,060 | €102,977 | -€35,083 | -25.4% |
| Advances received on contracts in progress | 46 | €4,411 | €4,456 | +€45 | +1.0% |
| Taxes, remuneration and social security | 45 | €164,863 | €10,960 | -€153,903 | -93.4% |
| Taxes | 450/3 | €159,950 | €4,566 | -€155,384 | -97.1% |
| Remuneration and social security | 454/9 | €4,913 | €6,394 | +€1,481 | +30.1% |
| Other amounts payable | 47/48 | €11,748 | €8,309 | -€3,439 | -29.3% |
| Accrued charges and deferred income | 492/3 | €9,911 | €9,728 | -€183 | -1.9% |
| Non-recurring operating income | 76A | €163,572 | €101,413 | -€62,159 | -38.0% |
| Remuneration, social security and pensions | 62 | €93,990 | €94,376 | +€386 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542,093 | €711,399 | +€169,306 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,645 | €7,951 | +€4,306 | +118.1% |
| Other operating charges | 640/8 | €24,479 | €25,439 | +€960 | +3.9% |
| Non-recurring operating charges | 66A | €654 | €2,929 | +€2,275 | +347.6% |
| Gross operating margin | 9900 | €1,210,554 | €1,288,395 | +€77,841 | +6.4% |
| Operating profit (loss) | 9901 | €545,693 | €446,301 | -€99,392 | -18.2% |
| Financial income | 75/76B | €10,119 | €6,789 | -€3,330 | -32.9% |
| Recurring financial income | 75 | €6,219 | €2,742 | -€3,477 | -55.9% |
| Non-recurring financial income | 76B | €3,899 | €4,047 | +€147 | +3.8% |
| Financial charges | 65/66B | €80,562 | €128,044 | +€47,481 | +58.9% |
| Recurring financial charges | 65 | €80,562 | €128,044 | +€47,481 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €475,249 | €325,046 | -€150,204 | -31.6% |
| Income taxes | 67/77 | €158,094 | €102,338 | -€55,755 | -35.3% |
| Profit (loss) for the period | 9904 | €317,155 | €222,707 | -€94,448 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €317,155 | €222,707 | -€94,448 | -29.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.