RUYSSEVELDT: 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.
RUYSSEVELDT
Largest movements
- Cash -€256,768
down €256,768 (-57.4%), from €447,624 to €190,856
mainly Current investments (-€200,000) and Contributions, distributions and other (-€190,605)
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year +€31,458
up €31,458 (+63.5%), from €49,576 to €81,034
of which Trade receivables: +€21,361
- Reserves -€66,550
down €66,550 (-16.5%), from €404,160 to €337,610
- Tax, wage and social debts +€23,100
up €23,100 (+86.5%), from €26,691 to €49,790
of which Taxes: +€25,101
- Other debts +€21,784
up €21,784 (+37.3%), from €58,426 to €80,210
- Gross operating margin +€99,660
up €99,660 (+44.9%), from €222,160 to €321,820
- Staff costs +€64,350
up €64,350 (+93.7%), from €68,698 to €133,047
- Taxes +€11,431
up €11,431 (+23.1%), from €49,400 to €60,831
- Financial income -€6,390
down €6,390 (-51.8%), from €12,334 to €5,944
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 | €537,919 | €517,969 | -€19,950 | -3.7% |
| Fixed assets | 21/28 | €35,940 | €38,745 | +€2,806 | +7.8% |
| Tangible fixed assets | 22/27 | €35,940 | €38,745 | +€2,806 | +7.8% |
| Plant, machinery and equipment | 23 | €328 | - | -€328 | |
| Furniture and vehicles | 24 | €35,611 | €38,745 | +€3,134 | +8.8% |
| Current assets | 29/58 | €501,979 | €479,223 | -€22,756 | -4.5% |
| Amounts receivable within one year | 40/41 | €49,576 | €81,034 | +€31,458 | +63.5% |
| Trade receivables | 40 | €48,182 | €69,543 | +€21,361 | +44.3% |
| Other amounts receivable | 41 | €1,394 | €11,491 | +€10,097 | +724% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €447,624 | €190,856 | -€256,768 | -57.4% |
| Deferred charges and accrued income | 490/1 | €4,780 | €7,334 | +€2,554 | +53.4% |
| Total equity and liabilities | 10/49 | €537,919 | €517,969 | -€19,950 | -3.7% |
| Equity | 10/15 | €443,572 | €377,043 | -€66,530 | -15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €404,160 | €337,610 | -€66,550 | -16.5% |
| Distributable reserves | 133 | €404,160 | €337,610 | -€66,550 | -16.5% |
| Profit (loss) carried forward | 14 | €27,012 | €27,033 | +€20 | +0.1% |
| Amounts payable | 17/49 | €94,346 | €140,926 | +€46,580 | +49.4% |
| Amounts payable within one year | 42/48 | €94,346 | €140,926 | +€46,580 | +49.4% |
| Trade debts | 44 | €9,230 | €10,925 | +€1,696 | +18.4% |
| Suppliers | 440/4 | €9,230 | €10,925 | +€1,696 | +18.4% |
| Taxes, remuneration and social security | 45 | €26,691 | €49,790 | +€23,100 | +86.5% |
| Taxes | 450/3 | €18,369 | €43,470 | +€25,101 | +137% |
| Remuneration and social security | 454/9 | €8,322 | €6,320 | -€2,001 | -24.1% |
| Other amounts payable | 47/48 | €58,426 | €80,210 | +€21,784 | +37.3% |
| Remuneration, social security and pensions | 62 | €68,698 | €133,047 | +€64,350 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,500 | €8,174 | +€2,674 | +48.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,242 | - | -€1,242 | |
| Other operating charges | 640/8 | €1,238 | €1,233 | -€5 | -0.4% |
| Gross operating margin | 9900 | €222,160 | €321,820 | +€99,660 | +44.9% |
| Operating profit (loss) | 9901 | €145,482 | €179,366 | +€33,884 | +23.3% |
| Financial income | 75/76B | €12,334 | €5,944 | -€6,390 | -51.8% |
| Recurring financial income | 75 | €12,334 | €5,944 | -€6,390 | -51.8% |
| Financial charges | 65/66B | €516 | €405 | -€112 | -21.6% |
| Recurring financial charges | 65 | €516 | €405 | -€112 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €157,301 | €184,906 | +€27,605 | +17.5% |
| Income taxes | 67/77 | €49,400 | €60,831 | +€11,431 | +23.1% |
| Profit (loss) for the period | 9904 | €107,901 | €124,075 | +€16,175 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,901 | €124,075 | +€16,175 | +15.0% |
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 26 October 2026 via checked.be.