Olivier Ryde: 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.
Olivier Ryde
Largest movements
- Cash +€12,573
up €12,573 (+17.2%), from €73,148 to €85,721
mainly Net result for the year (+€54,775) and Other debts (+€14,468)
- Other debts +€14,468
up €14,468 (+22.6%), from €64,035 to €78,503
- Reserves -€7,188
no longer reported in 2025 (was €7,188)
- Trade debts +€5,407
up €5,407 (+1,114%), from €485 to €5,892
- Gross operating margin +€28,409
up €28,409 (+41.2%), from €68,962 to €97,371
- Taxes +€5,124
up €5,124 (+50.9%), from €10,061 to €15,185
- Depreciation -€1,844
down €1,844 (-78.6%), from €2,347 to €503
- Staff costs +€988
up €988 (+4.8%), from €20,748 to €21,736
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 | €86,516 | €98,593 | +€12,077 | +14.0% |
| Fixed assets | 21/28 | €2,978 | €2,475 | -€503 | -16.9% |
| Tangible fixed assets | 22/27 | €2,978 | €2,475 | -€503 | -16.9% |
| Plant, machinery and equipment | 23 | €761 | €486 | -€275 | -36.2% |
| Furniture and vehicles | 24 | €1,217 | €990 | -€228 | -18.7% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €83,538 | €96,118 | +€12,580 | +15.1% |
| Amounts receivable within one year | 40/41 | €9,509 | €9,562 | +€53 | +0.6% |
| Trade receivables | 40 | €649 | €6,763 | +€6,113 | +941% |
| Other amounts receivable | 41 | €8,860 | €2,799 | -€6,060 | -68.4% |
| Cash at bank and in hand | 54/58 | €73,148 | €85,721 | +€12,573 | +17.2% |
| Deferred charges and accrued income | 490/1 | €881 | €835 | -€47 | -5.3% |
| Total equity and liabilities | 10/49 | €86,516 | €98,593 | +€12,077 | +14.0% |
| Equity | 10/15 | €12,188 | €5,000 | -€7,188 | -59.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,188 | - | -€7,188 | |
| Distributable reserves | 133 | €7,188 | - | -€7,188 | |
| Amounts payable | 17/49 | €74,329 | €93,593 | +€19,265 | +25.9% |
| Amounts payable within one year | 42/48 | €73,351 | €92,730 | +€19,379 | +26.4% |
| Trade debts | 44 | €485 | €5,892 | +€5,407 | +1,114% |
| Suppliers | 440/4 | €485 | €5,892 | +€5,407 | +1,114% |
| Taxes, remuneration and social security | 45 | €8,831 | €8,335 | -€495 | -5.6% |
| Taxes | 450/3 | €2,141 | €3,061 | +€920 | +43.0% |
| Remuneration and social security | 454/9 | €6,690 | €5,275 | -€1,415 | -21.2% |
| Other amounts payable | 47/48 | €64,035 | €78,503 | +€14,468 | +22.6% |
| Accrued charges and deferred income | 492/3 | €977 | €863 | -€115 | -11.7% |
| Remuneration, social security and pensions | 62 | €20,748 | €21,736 | +€988 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,347 | €503 | -€1,844 | -78.6% |
| Other operating charges | 640/8 | €3,139 | €4,094 | +€956 | +30.4% |
| Gross operating margin | 9900 | €68,962 | €97,371 | +€28,409 | +41.2% |
| Operating profit (loss) | 9901 | €42,728 | €71,038 | +€28,310 | +66.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,185 | €1,078 | -€107 | -9.0% |
| Recurring financial charges | 65 | €1,185 | €1,078 | -€107 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €41,543 | €69,960 | +€28,417 | +68.4% |
| Income taxes | 67/77 | €10,061 | €15,185 | +€5,124 | +50.9% |
| Profit (loss) for the period | 9904 | €31,482 | €54,775 | +€23,292 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,482 | €54,775 | +€23,292 | +74.0% |
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 17 October 2026 via checked.be.