RYCKAERT MANAGEMENT SERVICES: 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.
RYCKAERT MANAGEMENT SERVICES
Largest movements
- Current assets -€40,487
down €40,487 (-8.8%), from €458,610 to €418,123
of which Cash: -€25,746
- Tangible fixed assets -€19,467
down €19,467 (-67.9%), from €28,689 to €9,221
- Debts within one year -€25,417
down €25,417 (-38.3%), from €66,364 to €40,948
- Debts after one year -€21,000
down €21,000 (-39.1%), from €53,743 to €32,743
- Profit (loss) carried forward -€13,538
down €13,538 (-6.0%), from €224,803 to €211,265
- Gross operating margin +€22,566
up €22,566, from -€3,324 to €19,243
- Depreciation +€2,099
up €2,099 (+10.4%), from €20,273 to €22,372
- Taxes +€352
new in 2020: €352
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,842 | €459,887 | -€59,955 | -11.5% |
| Fixed assets | 21/28 | €61,232 | €41,764 | -€19,467 | -31.8% |
| Tangible fixed assets | 22/27 | €28,689 | €9,221 | -€19,467 | -67.9% |
| Financial fixed assets | 28 | €32,543 | €32,543 | = | 0.0% |
| Current assets | 29/58 | €458,610 | €418,123 | -€40,487 | -8.8% |
| Amounts receivable within one year | 40/41 | €324,327 | €298,702 | -€25,625 | -7.9% |
| Current investments | 50/53 | €91,229 | €107,983 | +€16,754 | +18.4% |
| Cash at bank and in hand | 54/58 | €30,334 | €4,589 | -€25,746 | -84.9% |
| Total equity and liabilities | 10/49 | €519,842 | €459,887 | -€59,955 | -11.5% |
| Equity | 10/15 | €399,735 | €386,197 | -€13,538 | -3.4% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €173,681 | €173,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,803 | €211,265 | -€13,538 | -6.0% |
| Amounts payable | 17/49 | €120,107 | €73,690 | -€46,417 | -38.6% |
| Amounts payable after more than one year | 17 | €53,743 | €32,743 | -€21,000 | -39.1% |
| Amounts payable within one year | 42/48 | €66,364 | €40,948 | -€25,417 | -38.3% |
| Trade debts | 44 | €1,301 | €333 | -€969 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,273 | €22,372 | +€2,099 | +10.4% |
| Gross operating margin | 9900 | -€3,324 | €19,243 | +€22,566 | |
| Operating profit (loss) | 9901 | -€25,708 | -€10,963 | +€14,746 | +57.4% |
| Recurring financial income | 75 | €9,401 | €14 | -€9,387 | -99.8% |
| Recurring financial charges | 65 | €3,128 | €2,237 | -€891 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,435 | -€13,186 | +€6,249 | +32.2% |
| Income taxes | 67/77 | - | €352 | +€352 | |
| Profit (loss) for the period | 9904 | -€19,435 | -€13,538 | +€5,897 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,435 | -€13,538 | +€5,897 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.