Dr. A. De Rycke: 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.
Dr. A. De Rycke
Largest movements
- Current investments +€246,291
up €246,291 (+27.6%), from €893,558 to €1.1m
- Receivables within one year -€39,646
down €39,646 (-18.2%), from €218,123 to €178,477
of which Other amounts receivable: -€47,320
- Tangible fixed assets -€39,604
down €39,604 (-93.0%), from €42,567 to €2,963
of which Furniture and vehicles: -€39,503
- Cash +€19,801
up €19,801 (+9.4%), from €210,399 to €230,200
mainly Net result for the year (+€229,866) and Other debts (+€197,310)
- Other debts +€197,310
up €197,310 (+12,484%), from €1,580 to €198,891
- Tax, wage and social debts -€33,149
down €33,149 (-39.3%), from €84,244 to €51,095
of which Taxes: -€33,266
- Reserves +€21,961
up €21,961 (+1.7%), from €1.3m to €1.3m
of which Distributable reserves: +€21,961
- Financial income -€20,145
down €20,145 (-62.9%), from €32,031 to €11,886
- Depreciation -€10,829
down €10,829 (-86.6%), from €12,507 to €1,678
- Other operating charges +€10,786
up €10,786 (+655%), from €1,648 to €12,433
- Gross operating margin +€10,483
up €10,483 (+3.2%), from €324,325 to €334,807
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 | €1,366,022 | €1,553,094 | +€187,071 | +13.7% |
| Fixed assets | 21/28 | €42,567 | €2,963 | -€39,604 | -93.0% |
| Tangible fixed assets | 22/27 | €42,567 | €2,963 | -€39,604 | -93.0% |
| Plant, machinery and equipment | 23 | €641 | €769 | +€128 | +20.0% |
| Furniture and vehicles | 24 | €41,467 | €1,963 | -€39,503 | -95.3% |
| Other tangible fixed assets | 26 | €459 | €230 | -€228 | -49.8% |
| Current assets | 29/58 | €1,323,456 | €1,550,131 | +€226,675 | +17.1% |
| Amounts receivable within one year | 40/41 | €218,123 | €178,477 | -€39,646 | -18.2% |
| Trade receivables | 40 | €138,240 | €145,914 | +€7,674 | +5.6% |
| Other amounts receivable | 41 | €79,882 | €32,562 | -€47,320 | -59.2% |
| Current investments | 50/53 | €893,558 | €1,139,849 | +€246,291 | +27.6% |
| Cash at bank and in hand | 54/58 | €210,399 | €230,200 | +€19,801 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,376 | €1,605 | +€229 | +16.7% |
| Total equity and liabilities | 10/49 | €1,366,022 | €1,553,094 | +€187,071 | +13.7% |
| Equity | 10/15 | €1,276,397 | €1,298,359 | +€21,961 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,263,997 | €1,285,959 | +€21,961 | +1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,262,137 | €1,284,099 | +€21,961 | +1.7% |
| Amounts payable | 17/49 | €89,625 | €254,735 | +€165,110 | +184% |
| Amounts payable within one year | 42/48 | €89,625 | €254,735 | +€165,110 | +184% |
| Trade debts | 44 | €3,800 | €4,749 | +€949 | +25.0% |
| Suppliers | 440/4 | €3,800 | €4,749 | +€949 | +25.0% |
| Taxes, remuneration and social security | 45 | €84,244 | €51,095 | -€33,149 | -39.3% |
| Taxes | 450/3 | €81,577 | €48,311 | -€33,266 | -40.8% |
| Remuneration and social security | 454/9 | €2,668 | €2,784 | +€117 | +4.4% |
| Other amounts payable | 47/48 | €1,580 | €198,891 | +€197,310 | +12,484% |
| Remuneration, social security and pensions | 62 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,507 | €1,678 | -€10,829 | -86.6% |
| Other operating charges | 640/8 | €1,648 | €12,433 | +€10,786 | +655% |
| Gross operating margin | 9900 | €324,325 | €334,807 | +€10,483 | +3.2% |
| Operating profit (loss) | 9901 | €310,106 | €320,696 | +€10,590 | +3.4% |
| Financial income | 75/76B | €32,031 | €11,886 | -€20,145 | -62.9% |
| Recurring financial income | 75 | €32,031 | €11,886 | -€20,145 | -62.9% |
| Financial charges | 65/66B | €149 | €240 | +€92 | +61.7% |
| Recurring financial charges | 65 | €149 | €240 | +€92 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €341,989 | €332,342 | -€9,647 | -2.8% |
| Income taxes | 67/77 | €99,462 | €102,476 | +€3,013 | +3.0% |
| Profit (loss) for the period | 9904 | €242,526 | €229,866 | -€12,660 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €242,526 | €229,866 | -€12,660 | -5.2% |
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 20 October 2026 via checked.be.