Merijn Ryckx: 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.
Merijn Ryckx
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€11,439
up €11,439 (+23.8%), from €48,061 to €59,500
mainly Net result for the year (+€56,523) and Deferred charges and accrued income (+€8,768)
- Deferred charges and accrued income -€8,768
down €8,768 (-63.7%), from €13,762 to €4,994
- Receivables within one year +€1,996
new in 2025: €1,996
- Tangible fixed assets -€1,616
down €1,616 (-39.2%), from €4,119 to €2,503
of which Furniture and vehicles: -€1,337
- Reserves +€56,523
up €56,523 (+99.9%), from €56,560 to €113,083
- Tax, wage and social debts -€2,971
down €2,971 (-58.3%), from €5,096 to €2,125
- Gross operating margin -€1,107
down €1,107 (-1.5%), from €73,555 to €72,449
- Financial income +€925
up €925 (+101,662%), from €1 to €926
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 | €65,941 | €118,993 | +€53,052 | +80.5% |
| Fixed assets | 21/28 | €4,119 | €2,503 | -€1,616 | -39.2% |
| Tangible fixed assets | 22/27 | €4,119 | €2,503 | -€1,616 | -39.2% |
| Plant, machinery and equipment | 23 | €1,204 | €925 | -€279 | -23.2% |
| Furniture and vehicles | 24 | €2,915 | €1,578 | -€1,337 | -45.9% |
| Current assets | 29/58 | €61,823 | €116,490 | +€54,668 | +88.4% |
| Amounts receivable within one year | 40/41 | - | €1,996 | +€1,996 | |
| Other amounts receivable | 41 | - | €1,996 | +€1,996 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €48,061 | €59,500 | +€11,439 | +23.8% |
| Deferred charges and accrued income | 490/1 | €13,762 | €4,994 | -€8,768 | -63.7% |
| Total equity and liabilities | 10/49 | €65,941 | €118,993 | +€53,052 | +80.5% |
| Equity | 10/15 | €60,060 | €116,583 | +€56,523 | +94.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €56,560 | €113,083 | +€56,523 | +99.9% |
| Distributable reserves | 133 | €56,560 | €113,083 | +€56,523 | +99.9% |
| Amounts payable | 17/49 | €5,881 | €2,410 | -€3,471 | -59.0% |
| Amounts payable within one year | 42/48 | €5,881 | €2,410 | -€3,471 | -59.0% |
| Trade debts | 44 | €407 | €285 | -€122 | -29.9% |
| Suppliers | 440/4 | €407 | €285 | -€122 | -29.9% |
| Taxes, remuneration and social security | 45 | €5,096 | €2,125 | -€2,971 | -58.3% |
| Taxes | 450/3 | €5,096 | €2,125 | -€2,971 | -58.3% |
| Other amounts payable | 47/48 | €379 | - | -€379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,287 | €1,616 | +€329 | +25.5% |
| Other operating charges | 640/8 | €625 | - | -€625 | |
| Gross operating margin | 9900 | €73,555 | €72,449 | -€1,107 | -1.5% |
| Operating profit (loss) | 9901 | €71,643 | €70,833 | -€810 | -1.1% |
| Financial income | 75/76B | €1 | €926 | +€925 | +101,662% |
| Recurring financial income | 75 | €1 | €926 | +€925 | +101,662% |
| Financial charges | 65/66B | €113 | €190 | +€77 | +68.5% |
| Recurring financial charges | 65 | €113 | €190 | +€77 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €71,531 | €71,569 | +€38 | +0.1% |
| Income taxes | 67/77 | €14,971 | €15,047 | +€76 | +0.5% |
| Profit (loss) for the period | 9904 | €56,560 | €56,523 | -€38 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,560 | €56,523 | -€38 | -0.1% |
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 19 October 2026 via checked.be.