NELE DE RYCK: 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.
NELE DE RYCK
Largest movements
- Tangible fixed assets -€17,128
down €17,128 (-3.9%), from €434,572 to €417,444
- Receivables within one year -€8,242
no longer reported in 2025 (was €8,242)
of which Other amounts receivable: -€4,442
- Debts after one year -€47,523
down €47,523 (-20.8%), from €228,601 to €181,079
- Tax, wage and social debts +€31,219
up €31,219 (+123%), from €25,279 to €56,499
of which Taxes: +€32,519
- Other debts -€7,057
down €7,057 (-5.5%), from €127,860 to €120,802
- Gross operating margin -€12,367
down €12,367 (-26.4%), from €46,868 to €34,501
- Taxes +€3,600
new in 2025: €3,600
- Financial charges +€665
up €665 (+10.2%), from €6,500 to €7,165
- Depreciation -€521
down €521 (-3.0%), from €17,648 to €17,128
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,358 | €420,728 | -€23,630 | -5.3% |
| Fixed assets | 21/28 | €434,572 | €417,444 | -€17,128 | -3.9% |
| Tangible fixed assets | 22/27 | €434,572 | €417,444 | -€17,128 | -3.9% |
| Land and buildings | 22 | €434,572 | €417,444 | -€17,128 | -3.9% |
| Current assets | 29/58 | €9,786 | €3,284 | -€6,502 | -66.4% |
| Amounts receivable within one year | 40/41 | €8,242 | - | -€8,242 | |
| Trade receivables | 40 | €3,800 | - | -€3,800 | |
| Other amounts receivable | 41 | €4,442 | - | -€4,442 | |
| Cash at bank and in hand | 54/58 | €1,094 | €2,886 | +€1,792 | +164% |
| Deferred charges and accrued income | 490/1 | €450 | €398 | -€51 | -11.4% |
| Total equity and liabilities | 10/49 | €444,358 | €420,728 | -€23,630 | -5.3% |
| Equity | 10/15 | €8,050 | €8,646 | +€596 | +7.4% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,950 | -€8,354 | +€596 | +6.7% |
| Amounts payable | 17/49 | €436,308 | €412,083 | -€24,225 | -5.6% |
| Amounts payable after more than one year | 17 | €228,601 | €181,079 | -€47,523 | -20.8% |
| Financial debts | 170/4 | €228,601 | €181,079 | -€47,523 | -20.8% |
| Amounts payable within one year | 42/48 | €207,706 | €231,004 | +€23,297 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €46,763 | €47,523 | +€759 | +1.6% |
| Trade debts | 44 | €7,804 | €6,180 | -€1,624 | -20.8% |
| Suppliers | 440/4 | €7,804 | €6,180 | -€1,624 | -20.8% |
| Taxes, remuneration and social security | 45 | €25,279 | €56,499 | +€31,219 | +123% |
| Taxes | 450/3 | €23,979 | €56,499 | +€32,519 | +136% |
| Remuneration and social security | 454/9 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €127,860 | €120,802 | -€7,057 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,648 | €17,128 | -€521 | -3.0% |
| Other operating charges | 640/8 | €6,453 | €6,023 | -€430 | -6.7% |
| Gross operating margin | 9900 | €46,868 | €34,501 | -€12,367 | -26.4% |
| Operating profit (loss) | 9901 | €22,766 | €11,350 | -€11,417 | -50.1% |
| Financial income | 75/76B | €62 | €11 | -€51 | -81.9% |
| Recurring financial income | 75 | €62 | €11 | -€51 | -81.9% |
| Financial charges | 65/66B | €6,500 | €7,165 | +€665 | +10.2% |
| Recurring financial charges | 65 | €6,500 | €7,165 | +€665 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €16,328 | €4,196 | -€12,132 | -74.3% |
| Income taxes | 67/77 | - | €3,600 | +€3,600 | |
| Profit (loss) for the period | 9904 | €16,328 | €596 | -€15,733 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,328 | €596 | -€15,733 | -96.4% |
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 24 October 2026 via checked.be.