Nathan Ryckeboer: what changed
What changed
Nathan Ryckeboer
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€52,605
2024 · €42,689+€9,916
Equity
€115,983
2024 · €64,211+€51,772
Cash
€120,633
2024 · €74,387+€46,246
Balance sheet total
€133,591
2024 · €79,706+€53,885
Largest movements
Assets
- Cash +€46,246
up €46,246 (+62.2%), from €74,387 to €120,633
mainly Net result for the year (+€52,605) and Receivables within one year (+€2,634)
- Tangible fixed assets +€10,930
up €10,930 (+1,021%), from €1,071 to €12,000
of which Furniture and vehicles: +€6,017
- Receivables within one year -€2,634
down €2,634 (-99.4%), from €2,651 to €17
of which Other amounts receivable: -€2,634
Equity and liabilities
- Reserves +€51,772
up €51,772 (+105%), from €49,211 to €100,983
Income statement
- Gross operating margin +€8,198
up €8,198 (+11.5%), from €71,523 to €79,721
- Other operating charges -€5,816
down €5,816 (-58.8%), from €9,893 to €4,076
- Taxes +€4,076
up €4,076 (+24.7%), from €16,486 to €20,562
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
€42,689
Gross operating margin
+€8,198
Depreciation
-€635
Write-downs
+€235
Other operating charges
+€5,816
Financial income
+€75
Financial charges
+€303
Taxes
-€4,076
Result 2025
€52,605
raises the resultlowers the result
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
+€58,731
Investment
-€11,920
Financing
-€565
Cash 2024
€74,387
From operations (derived)
+€58,731
Net result for the year
+€52,605
Depreciation
+€990
Stocks and contracts
+€939
Receivables within one year
+€2,634
Deferred charges and accrued income
-€282
Trade debts
+€813
Tax, wage and social debts
+€444
Other debts
+€588
Investment (derived)
-€11,920
Investment in fixed assets (net)
-€11,920
Financing
-€565
Short-term financial debts
+€268
Contributions, distributions and other
-€833
Cash 2025
€120,633
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,706 | €133,591 | +€53,885 | +67.6% |
| Fixed assets | 21/28 | €1,071 | €12,000 | +€10,930 | +1,021% |
| Tangible fixed assets | 22/27 | €1,071 | €12,000 | +€10,930 | +1,021% |
| Plant, machinery and equipment | 23 | - | €4,913 | +€4,913 | |
| Furniture and vehicles | 24 | €1,071 | €7,087 | +€6,017 | +562% |
| Current assets | 29/58 | €78,635 | €121,590 | +€42,955 | +54.6% |
| Stocks and contracts in progress | 3 | €939 | €0 | -€939 | -100% |
| Stocks | 30/36 | €939 | €0 | -€939 | -100% |
| Amounts receivable within one year | 40/41 | €2,651 | €17 | -€2,634 | -99.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,651 | €17 | -€2,634 | -99.4% |
| Cash at bank and in hand | 54/58 | €74,387 | €120,633 | +€46,246 | +62.2% |
| Deferred charges and accrued income | 490/1 | €658 | €940 | +€282 | +42.8% |
| Total equity and liabilities | 10/49 | €79,706 | €133,591 | +€53,885 | +67.6% |
| Equity | 10/15 | €64,211 | €115,983 | +€51,772 | +80.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €49,211 | €100,983 | +€51,772 | +105% |
| Distributable reserves | 133 | €49,211 | €100,983 | +€51,772 | +105% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,495 | €17,608 | +€2,113 | +13.6% |
| Amounts payable within one year | 42/48 | €15,495 | €17,608 | +€2,113 | +13.6% |
| Financial debts | 43 | €10 | €278 | +€268 | +2,677% |
| Credit institutions | 430/8 | €10 | €278 | +€268 | +2,677% |
| Trade debts | 44 | €1,401 | €2,215 | +€813 | +58.0% |
| Suppliers | 440/4 | €1,401 | €2,215 | +€813 | +58.0% |
| Taxes, remuneration and social security | 45 | €10,399 | €10,843 | +€444 | +4.3% |
| Taxes | 450/3 | €10,399 | €10,843 | +€444 | +4.3% |
| Other amounts payable | 47/48 | €3,684 | €4,273 | +€588 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €990 | +€635 | +179% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €235 | €0 | -€235 | -100% |
| Other operating charges | 640/8 | €9,893 | €4,076 | -€5,816 | -58.8% |
| Gross operating margin | 9900 | €71,523 | €79,721 | +€8,198 | +11.5% |
| Operating profit (loss) | 9901 | €61,041 | €74,655 | +€13,614 | +22.3% |
| Financial income | 75/76B | €7 | €81 | +€75 | +1,135% |
| Recurring financial income | 75 | €7 | €81 | +€75 | +1,135% |
| Financial charges | 65/66B | €1,872 | €1,569 | -€303 | -16.2% |
| Recurring financial charges | 65 | €1,872 | €1,569 | -€303 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €59,175 | €73,167 | +€13,992 | +23.6% |
| Income taxes | 67/77 | €16,486 | €20,562 | +€4,076 | +24.7% |
| Profit (loss) for the period | 9904 | €42,689 | €52,605 | +€9,916 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,689 | €52,605 | +€9,916 | +23.2% |
Next steps
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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 2 November 2026 via checked.be.