DE RYCKER: what changed
Two fiscal 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 RYCKER
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€426,476
2024 · €377,678+€48,799
Equity
€3.2m
2024 · €2.8m+€426,476
Cash
€160,439
2024 · €25,771+€134,668
Balance sheet total
€7.5m
2024 · €7.2m+€362,951
Largest movements
Assets
- Receivables within one year +€988,617
up €988,617 (+185.6%), from €532,538 to €1.5m
of which Other amounts receivable: +€1.1m
- Stocks and contracts -€629,037
down €629,037 (-15.5%), from €4.1m to €3.4m
- Cash +€134,668
up €134,668 (+522.6%), from €25,771 to €160,439
mainly Short-term financial debts (+€1.1m) and Stocks and contracts (+€629,037)
- Tangible fixed assets -€127,431
down €127,431 (-5.0%), from €2.5m to €2.4m
of which Land and buildings: -€111,760
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+2189.0%), from €48,044 to €1.1m
- Debts after one year -€831,870
down €831,870 (-31.1%), from €2.7m to €1.8m
- Reserves +€426,476
up €426,476 (+17.7%), from €2.4m to €2.8m
of which Distributable reserves: +€426,476
- Trade debts -€296,181
down €296,181 (-64.2%), from €461,661 to €165,479
- Current portion of long-term debt +€283,231
up €283,231 (+51.6%), from €548,639 to €831,870
Income statement
- Turnover +€739,503
up €739,503 (+4.7%), from €15.7m to €16.4m
- Goods and materials +€677,204
up €677,204 (+5.0%), from €13.6m to €14.3m
of which Change in stocks: decrease (increase): +€447,608
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
€377,678
Turnover
+€739,503
Other operating income
-€9,526
Goods and materials
-€677,204
Services and other goods
-€88,864
Staff costs
+€89,371
Depreciation
+€11,349
Other operating charges
-€88,890
Financial income
+€56,431
Financial charges
+€42,063
Taxes
-€25,434
Result 2025
€426,476
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.
From operations
-€334,511
Investment
-€33,871
Financing
+€503,049
Cash 2024
€25,771
From operations (derived)
-€334,511
Net result for the year
+€426,476
Depreciation
+€171,220
Stocks and contracts
+€629,037
Receivables within one year
-€988,617
Deferred charges and accrued income
-€6,052
Trade debts
-€296,181
Tax, wage and social debts
-€5,337
Advances received
-€26,240
Other debts
-€207,633
Accrued charges and deferred income
-€31,183
Investment (derived)
-€33,871
Investment in fixed assets (net)
-€33,871
Financing
+€503,049
Debts after one year
-€831,870
Current portion of long-term debt
+€283,231
Short-term financial debts
+€1.1m
Cash 2025
€160,439
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,163,927 | €7,526,879 | +€362,951 | +5.1% |
| Fixed assets | 21/28 | €2,540,057 | €2,402,708 | -€137,349 | -5.4% |
| Intangible fixed assets | 21 | €11,410 | €2,390 | -€9,021 | -79.1% |
| Tangible fixed assets | 22/27 | €2,527,749 | €2,400,318 | -€127,431 | -5.0% |
| Land and buildings | 22 | €2,454,026 | €2,342,266 | -€111,760 | -4.6% |
| Plant, machinery and equipment | 23 | €24,110 | €20,259 | -€3,851 | -16.0% |
| Furniture and vehicles | 24 | €49,613 | €37,793 | -€11,820 | -23.8% |
| Financial fixed assets | 28 | €898 | - | -€898 | |
| Other financial fixed assets | 284/8 | €898 | - | -€898 | |
| Amounts receivable and cash guarantees | 285/8 | €898 | - | -€898 | |
| Current assets | 29/58 | €4,623,870 | €5,124,170 | +€500,301 | +10.8% |
| Stocks and contracts in progress | 3 | €4,050,858 | €3,421,821 | -€629,037 | -15.5% |
| Stocks | 30/36 | €4,050,858 | €3,421,821 | -€629,037 | -15.5% |
| Goods purchased for resale | 34 | €4,050,858 | €3,092,639 | -€958,219 | -23.7% |
| Advance payments | 36 | - | €329,182 | +€329,182 | |
| Amounts receivable within one year | 40/41 | €532,538 | €1,521,155 | +€988,617 | +185.6% |
| Trade receivables | 40 | €319,453 | €240,962 | -€78,490 | -24.6% |
| Other amounts receivable | 41 | €213,085 | €1,280,193 | +€1.1m | +500.8% |
| Cash at bank and in hand | 54/58 | €25,771 | €160,439 | +€134,668 | +522.6% |
| Deferred charges and accrued income | 490/1 | €14,703 | €20,755 | +€6,052 | +41.2% |
| Total equity and liabilities | 10/49 | €7,163,927 | €7,526,879 | +€362,951 | +5.1% |
| Equity | 10/15 | €2,755,121 | €3,181,597 | +€426,476 | +15.5% |
| Contributions | 10/11 | €343,600 | €343,600 | = | 0.0% |
| Capital | 10 | €343,600 | €343,600 | = | 0.0% |
| Issued capital | 100 | €343,600 | €343,600 | = | 0.0% |
| Reserves | 13 | €2,411,521 | €2,837,997 | +€426,476 | +17.7% |
| Non-distributable reserves | 130/1 | €34,360 | €34,360 | = | 0.0% |
| Legal reserve | 130 | €34,360 | €34,360 | = | 0.0% |
| Distributable reserves | 133 | €2,377,161 | €2,803,637 | +€426,476 | +17.9% |
| Amounts payable | 17/49 | €4,408,806 | €4,345,282 | -€63,525 | -1.4% |
| Amounts payable after more than one year | 17 | €2,673,042 | €1,841,172 | -€831,870 | -31.1% |
| Financial debts | 170/4 | €2,673,042 | €1,841,172 | -€831,870 | -31.1% |
| Subordinated loans | 170 | €1,622,626 | €962,917 | -€659,709 | -40.7% |
| Credit institutions | 173 | €1,050,416 | €878,254 | -€172,161 | -16.4% |
| Amounts payable within one year | 42/48 | €1,701,522 | €2,501,050 | +€799,528 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €548,639 | €831,870 | +€283,231 | +51.6% |
| Financial debts | 43 | €48,044 | €1,099,733 | +€1.1m | +2189.0% |
| Credit institutions | 430/8 | €48,044 | €1,099,733 | +€1.1m | +2189.0% |
| Trade debts | 44 | €461,661 | €165,479 | -€296,181 | -64.2% |
| Suppliers | 440/4 | €461,661 | €165,479 | -€296,181 | -64.2% |
| Advances received on contracts in progress | 46 | €94,954 | €68,714 | -€26,240 | -27.6% |
| Taxes, remuneration and social security | 45 | €109,217 | €103,879 | -€5,337 | -4.9% |
| Taxes | 450/3 | €42,272 | €74,799 | +€32,527 | +76.9% |
| Remuneration and social security | 454/9 | €66,945 | €29,080 | -€37,864 | -56.6% |
| Other amounts payable | 47/48 | €439,008 | €231,374 | -€207,633 | -47.3% |
| Accrued charges and deferred income | 492/3 | €34,243 | €3,060 | -€31,183 | -91.1% |
| Operating income | 70/76A | €15,753,775 | €16,483,751 | +€729,977 | +4.6% |
| Turnover | 70 | €15,709,314 | €16,448,817 | +€739,503 | +4.7% |
| Other operating income | 74 | €44,461 | €34,935 | -€9,526 | -21.4% |
| Operating charges | 60/66A | €15,077,455 | €15,831,693 | +€754,238 | +5.0% |
| Goods for resale, raw materials and consumables | 60 | €13,620,474 | €14,297,678 | +€677,204 | +5.0% |
| Purchases | 600/8 | €13,109,863 | €13,339,459 | +€229,596 | +1.8% |
| Change in stocks: decrease (increase) | 609 | €510,611 | €958,219 | +€447,608 | +87.7% |
| Services and other goods | 61 | €701,282 | €790,145 | +€88,864 | +12.7% |
| Remuneration, social security and pensions | 62 | €526,880 | €437,509 | -€89,371 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,569 | €171,220 | -€11,349 | -6.2% |
| Other operating charges | 640/8 | €46,250 | €135,140 | +€88,890 | +192.2% |
| Operating profit (loss) | 9901 | €676,319 | €652,058 | -€24,261 | -3.6% |
| Financial income | 75/76B | €5,308 | €61,739 | +€56,431 | +1063.1% |
| Recurring financial income | 75 | €5,308 | €61,739 | +€56,431 | +1063.1% |
| Income from current assets | 751 | €2,698 | €60,191 | +€57,492 | +2130.8% |
| Other financial income | 752/9 | €2,610 | €1,548 | -€1,062 | -40.7% |
| Financial charges | 65/66B | €167,382 | €125,319 | -€42,063 | -25.1% |
| Recurring financial charges | 65 | €167,382 | €125,319 | -€42,063 | -25.1% |
| Debt charges | 650 | €161,149 | €109,256 | -€51,893 | -32.2% |
| Other financial charges | 652/9 | €6,233 | €16,063 | +€9,830 | +157.7% |
| Profit (loss) for the period before taxes | 9903 | €514,245 | €588,478 | +€74,233 | +14.4% |
| Income taxes | 67/77 | €136,568 | €162,002 | +€25,434 | +18.6% |
| Taxes | 670/3 | €136,568 | €162,002 | +€25,434 | +18.6% |
| Profit (loss) for the period | 9904 | €377,678 | €426,476 | +€48,799 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €377,678 | €426,476 | +€48,799 | +12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.