RYAN INVEST: 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.
RYAN INVEST
Largest movements
- Tangible fixed assets +€11,917
up €11,917 (+264%), from €4,513 to €16,429
of which Furniture and vehicles: +€12,496
- Receivables within one year -€5,752
down €5,752 (-17.9%), from €32,205 to €26,453
of which Other amounts receivable: -€5,752
- Stocks and contracts -€2,880
down €2,880 (-72.4%), from €3,980 to €1,100
- Cash +€1,862
up €1,862 (+44.0%), from €4,234 to €6,096
mainly Debts after one year (+€7,500) and Receivables within one year (+€5,752)
- Intangible fixed assets -€1,000
down €1,000 (-25.0%), from €4,000 to €3,000
- Debts after one year +€7,500
new in 2025: €7,500
- Tax, wage and social debts -€2,811
down €2,811 (-44.7%), from €6,291 to €3,481
of which Remuneration and social security: -€2,007
- Trade debts -€1,369
down €1,369 (-16.1%), from €8,523 to €7,155
- Staff costs -€2,007
no longer reported in 2025 (was €2,007)
- Financial income +€1,491
up €1,491 (+69.5%), from €2,145 to €3,636
- Gross operating margin +€1,413
up €1,413 (+375%), from €377 to €1,790
- Depreciation +€393
up €393 (+11.4%), from €3,460 to €3,853
- Other operating charges -€376
down €376 (-31.9%), from €1,180 to €803
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 | €49,954 | €53,387 | +€3,433 | +6.9% |
| Fixed assets | 21/28 | €8,612 | €19,529 | +€10,917 | +127% |
| Intangible fixed assets | 21 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Tangible fixed assets | 22/27 | €4,513 | €16,429 | +€11,917 | +264% |
| Plant, machinery and equipment | 23 | €2,313 | €1,733 | -€580 | -25.1% |
| Furniture and vehicles | 24 | €2,200 | €14,696 | +€12,496 | +568% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €41,342 | €33,858 | -€7,484 | -18.1% |
| Stocks and contracts in progress | 3 | €3,980 | €1,100 | -€2,880 | -72.4% |
| Stocks | 30/36 | €3,980 | €1,100 | -€2,880 | -72.4% |
| Amounts receivable within one year | 40/41 | €32,205 | €26,453 | -€5,752 | -17.9% |
| Trade receivables | 40 | €450 | €450 | = | 0.0% |
| Other amounts receivable | 41 | €31,755 | €26,003 | -€5,752 | -18.1% |
| Current investments | 50/53 | €175 | €175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,234 | €6,096 | +€1,862 | +44.0% |
| Deferred charges and accrued income | 490/1 | €748 | €34 | -€714 | -95.4% |
| Total equity and liabilities | 10/49 | €49,954 | €53,387 | +€3,433 | +6.9% |
| Equity | 10/15 | €35,139 | €35,251 | +€112 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,861 | -€46,748 | +€112 | +0.2% |
| Amounts payable | 17/49 | €14,815 | €18,136 | +€3,321 | +22.4% |
| Amounts payable after more than one year | 17 | - | €7,500 | +€7,500 | |
| Financial debts | 170/4 | - | €7,500 | +€7,500 | |
| Amounts payable within one year | 42/48 | €14,815 | €10,636 | -€4,179 | -28.2% |
| Trade debts | 44 | €8,523 | €7,155 | -€1,369 | -16.1% |
| Suppliers | 440/4 | €8,523 | €7,155 | -€1,369 | -16.1% |
| Taxes, remuneration and social security | 45 | €6,291 | €3,481 | -€2,811 | -44.7% |
| Taxes | 450/3 | €4,284 | €3,481 | -€803 | -18.8% |
| Remuneration and social security | 454/9 | €2,007 | - | -€2,007 | |
| Remuneration, social security and pensions | 62 | €2,007 | - | -€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,460 | €3,853 | +€393 | +11.4% |
| Other operating charges | 640/8 | €1,180 | €803 | -€376 | -31.9% |
| Gross operating margin | 9900 | €377 | €1,790 | +€1,413 | +375% |
| Operating profit (loss) | 9901 | -€6,270 | -€2,866 | +€3,404 | +54.3% |
| Financial income | 75/76B | €2,145 | €3,636 | +€1,491 | +69.5% |
| Recurring financial income | 75 | €2,145 | €3,636 | +€1,491 | +69.5% |
| Financial charges | 65/66B | €668 | €496 | -€172 | -25.8% |
| Recurring financial charges | 65 | €668 | €496 | -€172 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,793 | €274 | +€5,068 | |
| Income taxes | 67/77 | €490 | €162 | -€327 | -66.9% |
| Profit (loss) for the period | 9904 | -€5,283 | €112 | +€5,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,283 | €112 | +€5,395 |
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 20 October 2026 via checked.be.