RYCKAERT-VERSCHOOTE: 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-VERSCHOOTE
Largest movements
- Cash +€69,844
up €69,844 (+23.3%), from €300,229 to €370,073
mainly Net result for the year (+€274,252) and Other debts (+€170,608)
- Tangible fixed assets +€43,012
up €43,012 (+826%), from €5,204 to €48,216
- Current investments -€33,361
no longer reported in 2025 (was €33,361)
- Current portion of long-term debt -€298,033
down €298,033 (-78.4%), from €380,276 to €82,243
- Reserves +€274,252
up €274,252 (+11.6%), from €2.4m to €2.6m
- Other debts +€170,608
up €170,608 (+88.4%), from €193,040 to €363,648
- Debts after one year -€82,243
down €82,243 (-54.0%), from €152,316 to €70,073
- Financial income +€21,320
up €21,320 (+8.3%), from €256,451 to €277,771
- Financial charges -€12,061
down €12,061 (-36.9%), from €32,649 to €20,588
- Gross operating margin -€3,448
down €3,448 (-5.8%), from €59,263 to €55,815
- Taxes +€2,792
up €2,792 (+8.7%), from €32,001 to €34,793
- Depreciation +€1,070
up €1,070 (+80.7%), from €1,326 to €2,395
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 | €3,230,297 | €3,309,813 | +€79,516 | +2.5% |
| Fixed assets | 21/28 | €2,865,866 | €2,908,878 | +€43,012 | +1.5% |
| Tangible fixed assets | 22/27 | €5,204 | €48,216 | +€43,012 | +826% |
| Furniture and vehicles | 24 | €5,204 | €48,216 | +€43,012 | +826% |
| Financial fixed assets | 28 | €2,860,662 | €2,860,662 | = | 0.0% |
| Current assets | 29/58 | €364,431 | €400,935 | +€36,505 | +10.0% |
| Amounts receivable within one year | 40/41 | €30,267 | €30,260 | -€8 | 0.0% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | €17 | €10 | -€8 | -44.5% |
| Current investments | 50/53 | €33,361 | - | -€33,361 | |
| Cash at bank and in hand | 54/58 | €300,229 | €370,073 | +€69,844 | +23.3% |
| Deferred charges and accrued income | 490/1 | €574 | €603 | +€29 | +5.0% |
| Total equity and liabilities | 10/49 | €3,230,297 | €3,309,813 | +€79,516 | +2.5% |
| Equity | 10/15 | €2,461,572 | €2,735,824 | +€274,252 | +11.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,361,572 | €2,635,824 | +€274,252 | +11.6% |
| Distributable reserves | 133 | €2,361,572 | €2,635,824 | +€274,252 | +11.6% |
| Amounts payable | 17/49 | €768,724 | €573,989 | -€194,736 | -25.3% |
| Amounts payable after more than one year | 17 | €152,316 | €70,073 | -€82,243 | -54.0% |
| Financial debts | 170/4 | €152,316 | €70,073 | -€82,243 | -54.0% |
| Amounts payable within one year | 42/48 | €616,409 | €503,916 | -€112,493 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €380,276 | €82,243 | -€298,033 | -78.4% |
| Trade debts | 44 | - | €4,544 | +€4,544 | |
| Suppliers | 440/4 | - | €4,544 | +€4,544 | |
| Taxes, remuneration and social security | 45 | €43,092 | €53,481 | +€10,389 | +24.1% |
| Taxes | 450/3 | €43,092 | €48,188 | +€5,096 | +11.8% |
| Remuneration and social security | 454/9 | - | €5,293 | +€5,293 | |
| Other amounts payable | 47/48 | €193,040 | €363,648 | +€170,608 | +88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,326 | €2,395 | +€1,070 | +80.7% |
| Other operating charges | 640/8 | €1,504 | €1,558 | +€54 | +3.6% |
| Gross operating margin | 9900 | €59,263 | €55,815 | -€3,448 | -5.8% |
| Operating profit (loss) | 9901 | €56,433 | €51,862 | -€4,571 | -8.1% |
| Financial income | 75/76B | €256,451 | €277,771 | +€21,320 | +8.3% |
| Recurring financial income | 75 | €256,451 | €277,771 | +€21,320 | +8.3% |
| Financial charges | 65/66B | €32,649 | €20,588 | -€12,061 | -36.9% |
| Recurring financial charges | 65 | €32,649 | €20,588 | -€12,061 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €280,235 | €309,045 | +€28,809 | +10.3% |
| Income taxes | 67/77 | €32,001 | €34,793 | +€2,792 | +8.7% |
| Profit (loss) for the period | 9904 | €248,235 | €274,252 | +€26,018 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €248,235 | €274,252 | +€26,018 | +10.5% |
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 27 October 2026 via checked.be.