IMMO RUYSSEN: 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.
IMMO RUYSSEN
Largest movements
- Cash -€97,319
down €97,319 (-55.3%), from €175,948 to €78,629
mainly Contributions, distributions and other (-€180,000) and Receivables within one year (-€86,853)
- Receivables within one year +€86,853
up €86,853 (+53.1%), from €163,677 to €250,531
of which Trade receivables: +€84,937
- Tangible fixed assets -€77,450
down €77,450 (-11.8%), from €659,069 to €581,619
- Reserves -€88,760
down €88,760 (-11.9%), from €742,934 to €654,175
of which Distributable reserves: -€57,000
- Other debts +€67,776
up €67,776 (+58.9%), from €115,134 to €182,910
- Debts after one year -€30,103
down €30,103 (-28.9%), from €104,209 to €74,106
- Profit (loss) carried forward -€19,246
down €19,246 (-90.7%), from €21,213 to €1,967
- Provisions -€16,354
down €16,354 (-11.8%), from €138,403 to €122,049
- Gross operating margin +€21,647
up €21,647 (+13.3%), from €162,435 to €184,083
- Taxes +€19,710
up €19,710 (+82.2%), from €23,987 to €43,696
- Depreciation -€11,475
down €11,475 (-12.1%), from €94,612 to €83,137
- Financial income +€4,637
up €4,637 (+407%), from €1,138 to €5,775
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 | €1,231,819 | €1,141,813 | -€90,006 | -7.3% |
| Fixed assets | 21/28 | €661,604 | €584,154 | -€77,450 | -11.7% |
| Tangible fixed assets | 22/27 | €659,069 | €581,619 | -€77,450 | -11.8% |
| Land and buildings | 22 | €490,763 | €456,351 | -€34,411 | -7.0% |
| Plant, machinery and equipment | 23 | €86,381 | €69,054 | -€17,328 | -20.1% |
| Furniture and vehicles | 24 | €81,925 | €56,214 | -€25,711 | -31.4% |
| Financial fixed assets | 28 | €2,535 | €2,535 | = | 0.0% |
| Current assets | 29/58 | €570,215 | €557,660 | -€12,556 | -2.2% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €163,677 | €250,531 | +€86,853 | +53.1% |
| Trade receivables | 40 | €89,800 | €174,737 | +€84,937 | +94.6% |
| Other amounts receivable | 41 | €73,877 | €75,794 | +€1,917 | +2.6% |
| Current investments | 50/53 | €113,143 | €113,143 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175,948 | €78,629 | -€97,319 | -55.3% |
| Deferred charges and accrued income | 490/1 | €2,446 | €357 | -€2,090 | -85.4% |
| Total equity and liabilities | 10/49 | €1,231,819 | €1,141,813 | -€90,006 | -7.3% |
| Equity | 10/15 | €825,647 | €717,642 | -€108,005 | -13.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €742,934 | €654,175 | -€88,760 | -11.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €268,784 | €237,025 | -€31,760 | -11.8% |
| Distributable reserves | 133 | €468,000 | €411,000 | -€57,000 | -12.2% |
| Profit (loss) carried forward | 14 | €21,213 | €1,967 | -€19,246 | -90.7% |
| Provisions and deferred taxes | 16 | €138,403 | €122,049 | -€16,354 | -11.8% |
| Deferred taxes | 168 | €138,403 | €122,049 | -€16,354 | -11.8% |
| Amounts payable | 17/49 | €267,769 | €302,122 | +€34,353 | +12.8% |
| Amounts payable after more than one year | 17 | €104,209 | €74,106 | -€30,103 | -28.9% |
| Financial debts | 170/4 | €104,209 | €74,106 | -€30,103 | -28.9% |
| Amounts payable within one year | 42/48 | €163,560 | €228,016 | +€64,456 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €37,357 | €30,103 | -€7,254 | -19.4% |
| Trade debts | 44 | €11,069 | €15,004 | +€3,934 | +35.5% |
| Suppliers | 440/4 | €11,069 | €15,004 | +€3,934 | +35.5% |
| Other amounts payable | 47/48 | €115,134 | €182,910 | +€67,776 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,612 | €83,137 | -€11,475 | -12.1% |
| Other operating charges | 640/8 | €4,121 | €3,942 | -€179 | -4.3% |
| Gross operating margin | 9900 | €162,435 | €184,083 | +€21,647 | +13.3% |
| Operating profit (loss) | 9901 | €63,702 | €97,004 | +€33,302 | +52.3% |
| Financial income | 75/76B | €1,138 | €5,775 | +€4,637 | +407% |
| Recurring financial income | 75 | €1,138 | €5,775 | +€4,637 | +407% |
| Financial charges | 65/66B | €4,378 | €3,442 | -€936 | -21.4% |
| Recurring financial charges | 65 | €4,378 | €3,442 | -€936 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €60,463 | €99,337 | +€38,874 | +64.3% |
| Transfer from deferred taxes | 780 | €7,356 | €16,354 | +€8,997 | +122% |
| Income taxes | 67/77 | €23,987 | €43,696 | +€19,710 | +82.2% |
| Profit (loss) for the period | 9904 | €43,832 | €71,995 | +€28,162 | +64.2% |
| Transfer from tax-exempt reserves | 789 | €14,286 | €31,760 | +€17,473 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €58,118 | €103,754 | +€45,636 | +78.5% |
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 18 October 2026 via checked.be.