GERTJAN RUYTERS: what changed
GERTJAN RUYTERS
Largest movements
- Cash +€65,183
up €65,183 (+346%), from €18,840 to €84,024
mainly Net result for the year (+€47,143) and Tax, wage and social debts (+€14,770)
- Receivables within one year -€12,289
down €12,289 (-48.6%), from €25,266 to €12,977
- Tangible fixed assets +€1,616
up €1,616 (+26.2%), from €6,167 to €7,783
- Reserves +€47,150
up €47,150 (+216%), from €21,840 to €68,990
- Tax, wage and social debts +€14,770
up €14,770 (+104%), from €14,204 to €28,975
- Other debts -€8,506
down €8,506 (-85.5%), from €9,951 to €1,445
- Trade debts +€1,103
up €1,103 (+86.9%), from €1,269 to €2,372
- Gross operating margin +€33,732
up €33,732 (+117%), from €28,867 to €62,599
- Taxes +€7,325
up €7,325 (+122%), from €6,025 to €13,349
- Depreciation +€1,058
up €1,058 (+177%), from €597 to €1,655
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,274 | €104,784 | +€54,510 | +108% |
| Fixed assets | 21/28 | €6,167 | €7,783 | +€1,616 | +26.2% |
| Tangible fixed assets | 22/27 | €6,167 | €7,783 | +€1,616 | +26.2% |
| Furniture and vehicles | 24 | €6,167 | €7,783 | +€1,616 | +26.2% |
| Current assets | 29/58 | €44,107 | €97,001 | +€52,894 | +120% |
| Amounts receivable within one year | 40/41 | €25,266 | €12,977 | -€12,289 | -48.6% |
| Trade receivables | 40 | €25,266 | €12,977 | -€12,289 | -48.6% |
| Cash at bank and in hand | 54/58 | €18,840 | €84,024 | +€65,183 | +346% |
| Total equity and liabilities | 10/49 | €50,274 | €104,784 | +€54,510 | +108% |
| Equity | 10/15 | €24,849 | €71,992 | +€47,143 | +190% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,840 | €68,990 | +€47,150 | +216% |
| Distributable reserves | 133 | €21,840 | €68,990 | +€47,150 | +216% |
| Profit (loss) carried forward | 14 | €9 | €2 | -€7 | -77.6% |
| Amounts payable | 17/49 | €25,425 | €32,792 | +€7,367 | +29.0% |
| Amounts payable within one year | 42/48 | €25,425 | €32,792 | +€7,367 | +29.0% |
| Trade debts | 44 | €1,269 | €2,372 | +€1,103 | +86.9% |
| Suppliers | 440/4 | €1,269 | €2,372 | +€1,103 | +86.9% |
| Taxes, remuneration and social security | 45 | €14,204 | €28,975 | +€14,770 | +104% |
| Taxes | 450/3 | €14,204 | €28,975 | +€14,770 | +104% |
| Other amounts payable | 47/48 | €9,951 | €1,445 | -€8,506 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €1,655 | +€1,058 | +177% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €28,867 | €62,599 | +€33,732 | +117% |
| Operating profit (loss) | 9901 | €27,883 | €60,545 | +€32,662 | +117% |
| Financial charges | 65/66B | €9 | €52 | +€43 | +491% |
| Recurring financial charges | 65 | €9 | €52 | +€43 | +491% |
| Profit (loss) for the period before taxes | 9903 | €27,874 | €60,493 | +€32,619 | +117% |
| Income taxes | 67/77 | €6,025 | €13,349 | +€7,325 | +122% |
| Profit (loss) for the period | 9904 | €21,849 | €47,143 | +€25,294 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €21,849 | €47,143 | +€25,294 | +116% |
Next steps
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 4 November 2026 via checked.be.