RYCKEBOSCH: 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.
RYCKEBOSCH
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+750%), from €239,039 to €2.0m
of which Land and buildings: +€1.8m
- Cash -€201,484
down €201,484 (-37.9%), from €531,836 to €330,351
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€74,004)
- Receivables within one year +€74,004
up €74,004 (+49.5%), from €149,576 to €223,580
of which Other amounts receivable: +€41,529
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Stocks and contracts +€40,713
up €40,713 (+358%), from €11,364 to €52,077
- Revaluation surpluses +€1.8m
new in 2025: €1.8m
- Gross operating margin -€227,884
down €227,884 (-88.5%), from €257,487 to €29,603
- Taxes -€62,566
down €62,566 (-99.3%), from €63,005 to €438
- Financial income +€6,799
up €6,799 (+97.4%), from €6,983 to €13,782
- Financial charges -€2,916
down €2,916 (-12.8%), from €22,716 to €19,801
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 | €1,185,595 | €2,940,457 | +€1.8m | +148% |
| Fixed assets | 21/28 | €239,556 | €2,032,985 | +€1.8m | +749% |
| Tangible fixed assets | 22/27 | €239,039 | €2,032,468 | +€1.8m | +750% |
| Land and buildings | 22 | €194,835 | €2,001,261 | +€1.8m | +927% |
| Plant, machinery and equipment | 23 | €15,681 | €12,660 | -€3,021 | -19.3% |
| Furniture and vehicles | 24 | €28,523 | €18,547 | -€9,975 | -35.0% |
| Financial fixed assets | 28 | €517 | €517 | = | 0.0% |
| Current assets | 29/58 | €946,039 | €907,471 | -€38,568 | -4.1% |
| Stocks and contracts in progress | 3 | €11,364 | €52,077 | +€40,713 | +358% |
| Stocks | 30/36 | €11,364 | €52,077 | +€40,713 | +358% |
| Amounts receivable within one year | 40/41 | €149,576 | €223,580 | +€74,004 | +49.5% |
| Trade receivables | 40 | €33,705 | €66,180 | +€32,475 | +96.4% |
| Other amounts receivable | 41 | €115,871 | €157,400 | +€41,529 | +35.8% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €531,836 | €330,351 | -€201,484 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,264 | €1,464 | -€1,800 | -55.1% |
| Total equity and liabilities | 10/49 | €1,185,595 | €2,940,457 | +€1.8m | +148% |
| Equity | 10/15 | €860,628 | €2,645,126 | +€1.8m | +207% |
| Contributions | 10/11 | €153,878 | €153,878 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,806,449 | +€1.8m | |
| Reserves | 13 | €705,253 | €705,359 | +€106 | 0.0% |
| Non-distributable reserves | 130/1 | €1,832 | €1,832 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,832 | €1,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,500 | €101,500 | = | 0.0% |
| Distributable reserves | 133 | €601,921 | €602,027 | +€106 | 0.0% |
| Profit (loss) carried forward | 14 | €1,497 | -€20,560 | -€22,057 | |
| Amounts payable | 17/49 | €324,967 | €295,331 | -€29,636 | -9.1% |
| Amounts payable after more than one year | 17 | €49,789 | €49,789 | = | 0.0% |
| Financial debts | 170/4 | €49,789 | €49,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,178 | €245,437 | -€29,741 | -10.8% |
| Trade debts | 44 | €7,742 | €6,413 | -€1,329 | -17.2% |
| Suppliers | 440/4 | €7,742 | €6,413 | -€1,329 | -17.2% |
| Taxes, remuneration and social security | 45 | €29,752 | €12,677 | -€17,076 | -57.4% |
| Taxes | 450/3 | €27,136 | €10,453 | -€16,684 | -61.5% |
| Remuneration and social security | 454/9 | €2,616 | €2,224 | -€392 | -15.0% |
| Other amounts payable | 47/48 | €237,683 | €226,347 | -€11,336 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €105 | +€105 | |
| Remuneration, social security and pensions | 62 | €23,804 | €23,103 | -€701 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,534 | €14,643 | +€109 | +0.8% |
| Other operating charges | 640/8 | €6,967 | €7,314 | +€348 | +5.0% |
| Non-recurring operating charges | 66A | €53 | €144 | +€91 | +171% |
| Gross operating margin | 9900 | €257,487 | €29,603 | -€227,884 | -88.5% |
| Operating profit (loss) | 9901 | €212,130 | -€15,600 | -€227,730 | |
| Financial income | 75/76B | €6,983 | €13,782 | +€6,799 | +97.4% |
| Recurring financial income | 75 | €6,983 | €13,782 | +€6,799 | +97.4% |
| Financial charges | 65/66B | €22,716 | €19,801 | -€2,916 | -12.8% |
| Recurring financial charges | 65 | €22,716 | €19,801 | -€2,916 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €196,397 | -€21,619 | -€218,016 | |
| Income taxes | 67/77 | €63,005 | €438 | -€62,566 | -99.3% |
| Profit (loss) for the period | 9904 | €133,392 | -€22,057 | -€155,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,392 | -€22,057 | -€155,449 |
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.