DR RIJCKAERT D.: what changed
What changed
DR RIJCKAERT D.
filed annual accounts (NBB)
Net result for the year
€259,659
2024 · €163,663+€95,997
Equity
€857,177
2024 · €621,683+€235,493
Cash
€357,248
2024 · €478,545-€121,297
Balance sheet total
€959,068
2024 · €687,187+€271,881
Largest movements
Assets
- Current investments +€400,000
new in 2025: €400,000
- Cash -€121,297
down €121,297 (-25.3%), from €478,545 to €357,248
mainly Current investments (-€400,000) and Contributions, distributions and other (-€24,166)
- Tangible fixed assets -€21,977
down €21,977 (-16.9%), from €130,384 to €108,407
- Deferred charges and accrued income +€21,053
up €21,053 (+31.7%), from €66,450 to €87,503
Equity and liabilities
- Reserves +€235,490
up €235,490 (+39.1%), from €602,134 to €837,624
of which Distributable reserves: +€235,490
- Tax, wage and social debts +€41,884
up €41,884 (+76.1%), from €55,038 to €96,923
Income statement
- Gross operating margin +€144,373
up €144,373 (+55.0%), from €262,611 to €406,984
- Taxes +€54,816
up €54,816 (+77.0%), from €71,211 to €126,026
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
€163,663
Gross operating margin
+€144,373
Staff costs
+€400
Depreciation
-€92
Other operating charges
+€1,659
Other operating items
+€3,100
Financial income
+€1,670
Financial charges
-€297
Taxes
-€54,816
Result 2025
€259,659
raises the resultlowers the resultnot broken down further in the accounts
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
+€302,869
Investment
-€400,000
Financing
-€24,166
Cash 2024
€478,545
From operations (derived)
+€302,869
Net result for the year
+€259,659
Depreciation
+€21,977
Receivables within one year
+€5,899
Deferred charges and accrued income
-€21,053
Trade debts
-€5,543
Tax, wage and social debts
+€41,884
Other debts
+€46
Investment (derived)
-€400,000
Current investments
-€400,000
Financing
-€24,166
Contributions, distributions and other
-€24,166
Cash 2025
€357,248
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €687,187 | €959,068 | +€271,881 | +39.6% |
| Fixed assets | 21/28 | €132,620 | €110,643 | -€21,977 | -16.6% |
| Tangible fixed assets | 22/27 | €130,384 | €108,407 | -€21,977 | -16.9% |
| Land and buildings | 22 | €90,747 | €82,016 | -€8,732 | -9.6% |
| Plant, machinery and equipment | 23 | €8,185 | €5,822 | -€2,363 | -28.9% |
| Furniture and vehicles | 24 | €31,452 | €20,570 | -€10,883 | -34.6% |
| Financial fixed assets | 28 | €2,235 | €2,235 | = | 0.0% |
| Current assets | 29/58 | €554,568 | €848,425 | +€293,858 | +53.0% |
| Amounts receivable within one year | 40/41 | €9,573 | €3,674 | -€5,899 | -61.6% |
| Trade receivables | 40 | €174 | - | -€174 | |
| Other amounts receivable | 41 | €9,399 | €3,674 | -€5,725 | -60.9% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €478,545 | €357,248 | -€121,297 | -25.3% |
| Deferred charges and accrued income | 490/1 | €66,450 | €87,503 | +€21,053 | +31.7% |
| Total equity and liabilities | 10/49 | €687,187 | €959,068 | +€271,881 | +39.6% |
| Equity | 10/15 | €621,683 | €857,177 | +€235,493 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €602,134 | €837,624 | +€235,490 | +39.1% |
| Tax-exempt reserves | 132 | €4,105 | €4,105 | = | 0.0% |
| Distributable reserves | 133 | €598,030 | €833,520 | +€235,490 | +39.4% |
| Profit (loss) carried forward | 14 | €949 | €952 | +€3 | +0.4% |
| Amounts payable | 17/49 | €65,504 | €101,891 | +€36,387 | +55.6% |
| Amounts payable within one year | 42/48 | €65,504 | €101,891 | +€36,387 | +55.6% |
| Trade debts | 44 | €9,346 | €3,802 | -€5,543 | -59.3% |
| Suppliers | 440/4 | €9,346 | €3,802 | -€5,543 | -59.3% |
| Taxes, remuneration and social security | 45 | €55,038 | €96,923 | +€41,884 | +76.1% |
| Taxes | 450/3 | €55,038 | €96,923 | +€41,884 | +76.1% |
| Other amounts payable | 47/48 | €1,120 | €1,166 | +€46 | +4.1% |
| Remuneration, social security and pensions | 62 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,885 | €21,977 | +€92 | +0.4% |
| Other operating charges | 640/8 | €3,011 | €1,353 | -€1,659 | -55.1% |
| Non-recurring operating charges | 66A | €3,100 | - | -€3,100 | |
| Gross operating margin | 9900 | €262,611 | €406,984 | +€144,373 | +55.0% |
| Operating profit (loss) | 9901 | €234,215 | €383,654 | +€149,439 | +63.8% |
| Financial income | 75/76B | €716 | €2,386 | +€1,670 | +233% |
| Recurring financial income | 75 | €716 | €2,386 | +€1,670 | +233% |
| Financial charges | 65/66B | €57 | €354 | +€297 | +519% |
| Recurring financial charges | 65 | €57 | €354 | +€297 | +519% |
| Profit (loss) for the period before taxes | 9903 | €234,873 | €385,686 | +€150,812 | +64.2% |
| Income taxes | 67/77 | €71,211 | €126,026 | +€54,816 | +77.0% |
| Profit (loss) for the period | 9904 | €163,663 | €259,659 | +€95,997 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,663 | €259,659 | +€95,997 | +58.7% |
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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 1 November 2026 via checked.be.