LE RYCKE DAVID: 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.
LE RYCKE DAVID
Largest movements
- Cash -€44,810
down €44,810 (-92.3%), from €48,567 to €3,758
mainly Investment in fixed assets (net) (-€65,731) and Receivables within one year (-€21,965)
- Tangible fixed assets +€22,268
up €22,268 (+7.5%), from €297,493 to €319,761
of which Land and buildings: +€53,972
- Receivables within one year +€21,965
up €21,965 (+30.3%), from €72,488 to €94,452
of which Trade receivables: +€22,012
- Reserves +€20,892
up €20,892 (+7.7%), from €271,978 to €292,870
- Trade debts -€17,711
down €17,711 (-56.0%), from €31,599 to €13,888
- Other debts -€8,842
down €8,842 (-34.6%), from €25,586 to €16,745
- Short-term financial debts +€6,181
up €6,181 (+51,208%), from €12 to €6,193
- Staff costs -€10,162
down €10,162 (-11.1%), from €91,558 to €81,396
- Taxes +€6,165
up €6,165 (+51.6%), from €11,958 to €18,123
- Gross operating margin +€4,481
up €4,481 (+2.6%), from €169,973 to €174,454
- Other operating charges +€3,098
up €3,098 (+75.7%), from €4,094 to €7,192
- Depreciation -€2,569
down €2,569 (-5.6%), from €46,032 to €43,463
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 | €422,724 | €419,654 | -€3,070 | -0.7% |
| Fixed assets | 21/28 | €297,639 | €319,907 | +€22,268 | +7.5% |
| Tangible fixed assets | 22/27 | €297,493 | €319,761 | +€22,268 | +7.5% |
| Land and buildings | 22 | €187,550 | €241,522 | +€53,972 | +28.8% |
| Plant, machinery and equipment | 23 | €28,020 | €19,081 | -€8,939 | -31.9% |
| Furniture and vehicles | 24 | €46,738 | €28,090 | -€18,648 | -39.9% |
| Leasing and similar rights | 25 | €560 | - | -€560 | |
| Other tangible fixed assets | 26 | €34,624 | €31,068 | -€3,556 | -10.3% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €125,085 | €99,748 | -€25,338 | -20.3% |
| Amounts receivable within one year | 40/41 | €72,488 | €94,452 | +€21,965 | +30.3% |
| Trade receivables | 40 | €69,300 | €91,312 | +€22,012 | +31.8% |
| Other amounts receivable | 41 | €3,188 | €3,141 | -€47 | -1.5% |
| Cash at bank and in hand | 54/58 | €48,567 | €3,758 | -€44,810 | -92.3% |
| Deferred charges and accrued income | 490/1 | €4,030 | €1,537 | -€2,492 | -61.9% |
| Total equity and liabilities | 10/49 | €422,724 | €419,654 | -€3,070 | -0.7% |
| Equity | 10/15 | €285,507 | €306,399 | +€20,892 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €271,978 | €292,870 | +€20,892 | +7.7% |
| Distributable reserves | 133 | €271,978 | €292,870 | +€20,892 | +7.7% |
| Profit (loss) carried forward | 14 | €1,128 | €1,128 | = | 0.0% |
| Amounts payable | 17/49 | €137,218 | €113,256 | -€23,962 | -17.5% |
| Amounts payable after more than one year | 17 | €24,094 | €26,567 | +€2,472 | +10.3% |
| Financial debts | 170/4 | €24,094 | €26,567 | +€2,472 | +10.3% |
| Amounts payable within one year | 42/48 | €102,203 | €75,769 | -€26,435 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €24,373 | €21,763 | -€2,610 | -10.7% |
| Financial debts | 43 | €12 | €6,193 | +€6,181 | +51,208% |
| Credit institutions | 430/8 | €12 | €6,193 | +€6,181 | +51,208% |
| Trade debts | 44 | €31,599 | €13,888 | -€17,711 | -56.0% |
| Suppliers | 440/4 | €31,599 | €13,888 | -€17,711 | -56.0% |
| Taxes, remuneration and social security | 45 | €20,633 | €17,181 | -€3,452 | -16.7% |
| Taxes | 450/3 | €13,421 | €14,323 | +€902 | +6.7% |
| Remuneration and social security | 454/9 | €7,213 | €2,858 | -€4,354 | -60.4% |
| Other amounts payable | 47/48 | €25,586 | €16,745 | -€8,842 | -34.6% |
| Accrued charges and deferred income | 492/3 | €10,920 | €10,920 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,933 | +€2,933 | |
| Remuneration, social security and pensions | 62 | €91,558 | €81,396 | -€10,162 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,032 | €43,463 | -€2,569 | -5.6% |
| Other operating charges | 640/8 | €4,094 | €7,192 | +€3,098 | +75.7% |
| Gross operating margin | 9900 | €169,973 | €174,454 | +€4,481 | +2.6% |
| Operating profit (loss) | 9901 | €28,289 | €42,403 | +€14,114 | +49.9% |
| Financial income | 75/76B | €96 | €71 | -€25 | -26.1% |
| Recurring financial income | 75 | €96 | €71 | -€25 | -26.1% |
| Financial charges | 65/66B | €3,558 | €3,459 | -€99 | -2.8% |
| Recurring financial charges | 65 | €3,558 | €3,459 | -€99 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €24,828 | €39,015 | +€14,187 | +57.1% |
| Income taxes | 67/77 | €11,958 | €18,123 | +€6,165 | +51.6% |
| Profit (loss) for the period | 9904 | €12,870 | €20,892 | +€8,022 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,870 | €20,892 | +€8,022 | +62.3% |
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 22 October 2026 via checked.be.