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 +€48,645
up €48,645 (+101.9%), from €47,757 to €96,401
of which Furniture and vehicles: +€55,600
- Receivables within one year +€33,734
up €33,734 (+316.0%), from €10,677 to €44,411
of which Trade receivables: +€25,868
- Cash -€28,441
down €28,441 (-47.0%), from €60,479 to €32,038
mainly Investment in fixed assets (net) (-€80,876) and Receivables within one year (-€33,734)
- Stocks and contracts -€9,613
no longer reported in 2025 (was €9,613)
- Deferred charges and accrued income -€1,792
no longer reported in 2025 (was €1,792)
- Reserves +€38,874
up €38,874 (+70.9%), from €54,808 to €93,682
- Debts after one year +€14,979
up €14,979 (+175.5%), from €8,535 to €23,514
- Trade debts -€6,627
down €6,627 (-51.9%), from €12,767 to €6,140
- Other debts -€4,835
down €4,835 (-13.4%), from €35,988 to €31,153
- Gross operating margin +€12,952
up €12,952 (+16.5%), from €78,432 to €91,384
- Depreciation +€5,452
up €5,452 (+20.4%), from €26,780 to €32,232
- Financial charges +€1,858
up €1,858 (+206.9%), from €898 to €2,757
- Staff costs -€1,314
down €1,314 (-20.4%), from €6,443 to €5,128
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 | €131,527 | €174,060 | +€42,533 | +32.3% |
| Fixed assets | 21/28 | €48,967 | €97,611 | +€48,645 | +99.3% |
| Tangible fixed assets | 22/27 | €47,757 | €96,401 | +€48,645 | +101.9% |
| Plant, machinery and equipment | 23 | €32,175 | €25,219 | -€6,956 | -21.6% |
| Furniture and vehicles | 24 | €15,581 | €71,182 | +€55,600 | +356.8% |
| Financial fixed assets | 28 | €1,210 | €1,210 | = | 0.0% |
| Current assets | 29/58 | €82,560 | €76,448 | -€6,112 | -7.4% |
| Stocks and contracts in progress | 3 | €9,613 | - | -€9,613 | |
| Contracts in progress | 37 | €9,613 | - | -€9,613 | |
| Amounts receivable within one year | 40/41 | €10,677 | €44,411 | +€33,734 | +316.0% |
| Trade receivables | 40 | €3,842 | €29,710 | +€25,868 | +673.4% |
| Other amounts receivable | 41 | €6,835 | €14,701 | +€7,866 | +115.1% |
| Cash at bank and in hand | 54/58 | €60,479 | €32,038 | -€28,441 | -47.0% |
| Deferred charges and accrued income | 490/1 | €1,792 | - | -€1,792 | |
| Total equity and liabilities | 10/49 | €131,527 | €174,060 | +€42,533 | +32.3% |
| Equity | 10/15 | €59,808 | €98,682 | +€38,874 | +65.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,808 | €93,682 | +€38,874 | +70.9% |
| Distributable reserves | 133 | €54,808 | €93,682 | +€38,874 | +70.9% |
| Amounts payable | 17/49 | €71,719 | €75,377 | +€3,659 | +5.1% |
| Amounts payable after more than one year | 17 | €8,535 | €23,514 | +€14,979 | +175.5% |
| Financial debts | 170/4 | €8,535 | €23,514 | +€14,979 | +175.5% |
| Amounts payable within one year | 42/48 | €63,184 | €51,864 | -€11,320 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €14,428 | €14,571 | +€143 | +1.0% |
| Trade debts | 44 | €12,767 | €6,140 | -€6,627 | -51.9% |
| Suppliers | 440/4 | €12,767 | €6,140 | -€6,627 | -51.9% |
| Other amounts payable | 47/48 | €35,988 | €31,153 | -€4,835 | -13.4% |
| Non-recurring operating income | 76A | - | €1,833 | +€1,833 | |
| Remuneration, social security and pensions | 62 | €6,443 | €5,128 | -€1,314 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,780 | €32,232 | +€5,452 | +20.4% |
| Other operating charges | 640/8 | €851 | €1,060 | +€208 | +24.5% |
| Gross operating margin | 9900 | €78,432 | €91,384 | +€12,952 | +16.5% |
| Operating profit (loss) | 9901 | €44,358 | €52,964 | +€8,606 | +19.4% |
| Financial charges | 65/66B | €898 | €2,757 | +€1,858 | +206.9% |
| Recurring financial charges | 65 | €898 | €2,757 | +€1,858 | +206.9% |
| Profit (loss) for the period before taxes | 9903 | €43,460 | €50,207 | +€6,747 | +15.5% |
| Income taxes | 67/77 | €11,767 | €11,333 | -€434 | -3.7% |
| Profit (loss) for the period | 9904 | €31,693 | €38,874 | +€7,182 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,693 | €38,874 | +€7,182 | +22.7% |
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 12 October 2026 via checked.be.