Dr. DE RYCK G.: what changed
What changed
Dr. DE RYCK G.
filed annual accounts (NBB)
Net result for the year
€277,105
2024 · €359,298-€82,192
Equity
€1.9m
2024 · €1.7m+€227,105
Cash
€212,489
2024 · €161,883+€50,606
Balance sheet total
€2.1m
2024 · €1.8m+€251,755
Largest movements
Assets
- Current investments +€267,511
up €267,511 (+22.2%), from €1.2m to €1.5m
- Tangible fixed assets -€66,177
down €66,177 (-14.9%), from €445,328 to €379,151
of which Furniture and vehicles: -€37,688
- Cash +€50,606
up €50,606 (+31.3%), from €161,883 to €212,489
mainly Net result for the year (+€277,105) and Depreciation (+€69,627)
Equity and liabilities
- Reserves +€227,105
up €227,105 (+13.6%), from €1.7m to €1.9m
- Other debts +€31,961
up €31,961 (+147%), from €21,762 to €53,723
- Tax, wage and social debts +€31,579
up €31,579 (+103%), from €30,715 to €62,294
Income statement
- Gross operating margin -€140,780
down €140,780 (-24.7%), from €570,896 to €430,116
- Taxes -€35,632
down €35,632 (-20.7%), from €172,201 to €136,569
- Financial income +€33,118
up €33,118 (+97.3%), from €34,036 to €67,154
- Depreciation +€16,720
up €16,720 (+31.6%), from €52,907 to €69,627
- Financial charges -€7,192
down €7,192 (-68.4%), from €10,514 to €3,322
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€359,298
Gross operating margin
-€140,780
Depreciation
-€16,720
Other operating charges
-€634
Financial income
+€33,118
Financial charges
+€7,192
Taxes
+€35,632
Result 2025
€277,105
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€408,720
Investment
-€270,961
Financing
-€87,153
Cash 2024
€161,883
From operations (derived)
+€408,720
Net result for the year
+€277,105
Depreciation
+€69,627
Smaller working-capital items
+€185
Trade debts
+€1,724
Tax, wage and social debts
+€31,579
Other debts
+€31,961
Accrued charges and deferred income
-€3,460
Investment (derived)
-€270,961
Investment in fixed assets (net)
-€3,450
Current investments
-€267,511
Financing
-€87,153
Debts after one year
-€20,085
Current portion of long-term debt
-€17,068
Contributions, distributions and other
-€50,000
Cash 2025
€212,489
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,824,280 | €2,076,036 | +€251,755 | +13.8% |
| Fixed assets | 21/28 | €445,328 | €379,151 | -€66,177 | -14.9% |
| Tangible fixed assets | 22/27 | €445,328 | €379,151 | -€66,177 | -14.9% |
| Land and buildings | 22 | €300,498 | €269,297 | -€31,201 | -10.4% |
| Plant, machinery and equipment | 23 | €1,362 | €624 | -€738 | -54.2% |
| Furniture and vehicles | 24 | €143,468 | €105,779 | -€37,688 | -26.3% |
| Other tangible fixed assets | 26 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €1,378,952 | €1,696,885 | +€317,932 | +23.1% |
| Amounts receivable within one year | 40/41 | €7,533 | €7,017 | -€517 | -6.9% |
| Trade receivables | 40 | €7,533 | €7,017 | -€517 | -6.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,202,766 | €1,470,277 | +€267,511 | +22.2% |
| Cash at bank and in hand | 54/58 | €161,883 | €212,489 | +€50,606 | +31.3% |
| Deferred charges and accrued income | 490/1 | €6,771 | €7,102 | +€332 | +4.9% |
| Total equity and liabilities | 10/49 | €1,824,280 | €2,076,036 | +€251,755 | +13.8% |
| Equity | 10/15 | €1,692,394 | €1,919,499 | +€227,105 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,673,794 | €1,900,899 | +€227,105 | +13.6% |
| Distributable reserves | 133 | €1,673,794 | €1,900,899 | +€227,105 | +13.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €131,886 | €156,536 | +€24,650 | +18.7% |
| Amounts payable after more than one year | 17 | €37,241 | €17,155 | -€20,085 | -53.9% |
| Financial debts | 170/4 | €37,241 | €17,155 | -€20,085 | -53.9% |
| Amounts payable within one year | 42/48 | €91,185 | €139,381 | +€48,196 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €37,153 | €20,085 | -€17,068 | -45.9% |
| Trade debts | 44 | €1,555 | €3,279 | +€1,724 | +111% |
| Suppliers | 440/4 | €1,555 | €3,279 | +€1,724 | +111% |
| Taxes, remuneration and social security | 45 | €30,715 | €62,294 | +€31,579 | +103% |
| Taxes | 450/3 | €30,715 | €62,294 | +€31,579 | +103% |
| Other amounts payable | 47/48 | €21,762 | €53,723 | +€31,961 | +147% |
| Accrued charges and deferred income | 492/3 | €3,460 | €0 | -€3,460 | -100% |
| Non-recurring operating income | 76A | €183,076 | €0 | -€183,076 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,907 | €69,627 | +€16,720 | +31.6% |
| Other operating charges | 640/8 | €10,012 | €10,646 | +€634 | +6.3% |
| Gross operating margin | 9900 | €570,896 | €430,116 | -€140,780 | -24.7% |
| Operating profit (loss) | 9901 | €507,977 | €349,843 | -€158,135 | -31.1% |
| Financial income | 75/76B | €34,036 | €67,154 | +€33,118 | +97.3% |
| Recurring financial income | 75 | €34,036 | €67,154 | +€33,118 | +97.3% |
| Financial charges | 65/66B | €10,514 | €3,322 | -€7,192 | -68.4% |
| Recurring financial charges | 65 | €10,514 | €3,322 | -€7,192 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €531,499 | €413,674 | -€117,825 | -22.2% |
| Income taxes | 67/77 | €172,201 | €136,569 | -€35,632 | -20.7% |
| Profit (loss) for the period | 9904 | €359,298 | €277,105 | -€82,192 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €359,298 | €277,105 | -€82,192 | -22.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.