RYAN: what changed
Two fiscal 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.
RYAN
Largest movements
- Cash -€16,263
down €16,263 (-77.3%), from €21,049 to €4,785
mainly Tax, wage and social debts (-€16,422) and Stocks and contracts (-€2,089)
- Stocks and contracts +€2,089
up €2,089 (+14.8%), from €14,131 to €16,220
- Receivables within one year +€1,121
up €1,121 (+42.6%), from €2,634 to €3,755
- Tangible fixed assets -€674
down €674 (-33.9%), from €1,990 to €1,316
- Tax, wage and social debts -€16,422
down €16,422 (-87.9%), from €18,684 to €2,262
of which Remuneration and social security: -€16,000
- Profit (loss) carried forward +€4,189
up €4,189, from -€1,700 to €2,489
- Trade debts -€1,494
down €1,494 (-28.1%), from €5,320 to €3,826
- Gross operating margin +€6,769
up €6,769 (+214.8%), from €3,151 to €9,921
- Staff costs -€3,759
no longer reported in 2025 (was €3,759)
- Financial charges +€2,826
up €2,826 (+129.6%), from €2,181 to €5,008
of which Financial charges: +€3,041
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.
Cash bridge derived
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 | €42,304 | €28,577 | -€13,727 | -32.4% |
| Fixed assets | 21/28 | €4,490 | €3,816 | -€674 | -15.0% |
| Tangible fixed assets | 22/27 | €1,990 | €1,316 | -€674 | -33.9% |
| Plant, machinery and equipment | 23 | €1,990 | €1,316 | -€674 | -33.9% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €37,814 | €24,761 | -€13,053 | -34.5% |
| Stocks and contracts in progress | 3 | €14,131 | €16,220 | +€2,089 | +14.8% |
| Stocks | 30/36 | €14,131 | €16,220 | +€2,089 | +14.8% |
| Amounts receivable within one year | 40/41 | €2,634 | €3,755 | +€1,121 | +42.6% |
| Other amounts receivable | 41 | €2,634 | €3,755 | +€1,121 | +42.6% |
| Cash at bank and in hand | 54/58 | €21,049 | €4,785 | -€16,263 | -77.3% |
| Total equity and liabilities | 10/49 | €42,304 | €28,577 | -€13,727 | -32.4% |
| Equity | 10/15 | €18,300 | €22,489 | +€4,189 | +22.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,700 | €2,489 | +€4,189 | |
| Amounts payable | 17/49 | €24,004 | €6,088 | -€17,916 | -74.6% |
| Amounts payable within one year | 42/48 | €24,004 | €6,088 | -€17,916 | -74.6% |
| Trade debts | 44 | €5,320 | €3,826 | -€1,494 | -28.1% |
| Suppliers | 440/4 | €5,320 | €3,826 | -€1,494 | -28.1% |
| Taxes, remuneration and social security | 45 | €18,684 | €2,262 | -€16,422 | -87.9% |
| Taxes | 450/3 | €684 | €262 | -€422 | -61.7% |
| Remuneration and social security | 454/9 | €18,000 | €2,000 | -€16,000 | -88.9% |
| Remuneration, social security and pensions | 62 | €3,759 | - | -€3,759 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €674 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €50 | = | 0.0% |
| Gross operating margin | 9900 | €3,151 | €9,921 | +€6,769 | +214.8% |
| Operating profit (loss) | 9901 | -€1,331 | €9,197 | +€10,528 | |
| Financial charges | 65/66B | €2,181 | €5,008 | +€2,826 | +129.6% |
| Recurring financial charges | 65 | €1,966 | €5,008 | +€3,041 | +154.7% |
| Non-recurring financial charges | 66B | €215 | - | -€215 | |
| Profit (loss) for the period before taxes | 9903 | -€3,512 | €4,189 | +€7,702 | |
| Profit (loss) for the period | 9904 | -€3,512 | €4,189 | +€7,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,512 | €4,189 | +€7,702 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.