RYCOBEL: what changed
What changed
RYCOBEL
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
€606,508
2024 · €1.0m-€404,066
Equity
€1.8m
2024 · €1.9m-€93,492
Cash
€107,882
2024 · €110,953-€3,071
Balance sheet total
€6.2m
2024 · €6.5m-€320,126
Largest movements
Assets
- Receivables within one year -€404,673
down €404,673 (-8.4%), from €4.8m to €4.4m
of which Other amounts receivable: -€249,983
Equity and liabilities
- Trade debts +€504,693
up €504,693 (+48.8%), from €1.0m to €1.5m
- Advances received -€380,076
down €380,076 (-51.8%), from €733,459 to €353,382
- Other debts -€328,307
down €328,307 (-31.3%), from €1.1m to €721,693
- Short-term financial debts -€203,438
down €203,438 (-14.1%), from €1.4m to €1.2m
- Debts after one year +€129,231
up €129,231 (+306%), from €42,291 to €171,522
Income statement
- Gross operating margin -€602,031
down €602,031 (-17.1%), from €3.5m to €2.9m
- Staff costs -€140,680
down €140,680 (-7.1%), from €2.0m to €1.8m
- Taxes -€94,932
down €94,932 (-33.6%), from €282,368 to €187,436
- Depreciation +€79,092
up €79,092 (+32.4%), from €244,186 to €323,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.0m
Gross operating margin
-€602,031
Staff costs
+€140,680
Depreciation
-€79,092
Other operating charges
+€1,932
Other operating items
+€10,817
Financial income
+€10,020
Financial charges
+€18,676
Taxes
+€94,932
Result 2025
€606,508
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€427,486
Financing
-€647,181
Cash 2024
€110,953
From operations (derived)
+€1.1m
Net result for the year
+€606,508
Depreciation
+€323,278
Stocks and contracts
+€30,188
Receivables within one year
+€404,673
Deferred charges and accrued income
-€13,598
Trade debts
+€504,693
Tax, wage and social debts
-€63,745
Advances received
-€380,076
Other debts
-€328,307
Accrued charges and deferred income
-€12,018
Investment (derived)
-€427,486
Investment in fixed assets (net)
-€427,486
Financing
-€647,181
Debts after one year
+€129,231
Current portion of long-term debt
+€127,025
Short-term financial debts
-€203,438
Contributions, distributions and other
-€700,000
Cash 2025
€107,882
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,541,962 | €6,221,836 | -€320,126 | -4.9% |
| Fixed assets | 21/28 | €987,401 | €1,091,609 | +€104,208 | +10.6% |
| Intangible fixed assets | 21 | €627,806 | €684,113 | +€56,306 | +9.0% |
| Tangible fixed assets | 22/27 | €357,769 | €404,187 | +€46,418 | +13.0% |
| Land and buildings | 22 | €77,969 | €77,969 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,217 | €14,161 | -€2,056 | -12.7% |
| Furniture and vehicles | 24 | €203,009 | €190,739 | -€12,270 | -6.0% |
| Leasing and similar rights | 25 | €60,575 | €121,318 | +€60,744 | +100% |
| Financial fixed assets | 28 | €1,825 | €3,308 | +€1,483 | +81.3% |
| Current assets | 29/58 | €5,554,562 | €5,130,227 | -€424,334 | -7.6% |
| Stocks and contracts in progress | 3 | €630,122 | €599,934 | -€30,188 | -4.8% |
| Stocks | 30/36 | €630,122 | €599,934 | -€30,188 | -4.8% |
| Amounts receivable within one year | 40/41 | €4,802,447 | €4,397,774 | -€404,673 | -8.4% |
| Trade receivables | 40 | €2,302,067 | €2,147,377 | -€154,690 | -6.7% |
| Other amounts receivable | 41 | €2,500,380 | €2,250,397 | -€249,983 | -10.0% |
| Cash at bank and in hand | 54/58 | €110,953 | €107,882 | -€3,071 | -2.8% |
| Deferred charges and accrued income | 490/1 | €11,039 | €24,637 | +€13,598 | +123% |
| Total equity and liabilities | 10/49 | €6,541,962 | €6,221,836 | -€320,126 | -4.9% |
| Equity | 10/15 | €1,912,862 | €1,819,370 | -€93,492 | -4.9% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €1,802,862 | €1,709,370 | -€93,492 | -5.2% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,735,612 | €1,642,120 | -€93,492 | -5.4% |
| Amounts payable | 17/49 | €4,629,100 | €4,402,466 | -€226,634 | -4.9% |
| Amounts payable after more than one year | 17 | €42,291 | €171,522 | +€129,231 | +306% |
| Financial debts | 170/4 | €42,291 | €171,522 | +€129,231 | +306% |
| Amounts payable within one year | 42/48 | €4,484,044 | €4,140,196 | -€343,848 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €17,180 | €144,205 | +€127,025 | +739% |
| Financial debts | 43 | €1,445,936 | €1,242,498 | -€203,438 | -14.1% |
| Credit institutions | 430/8 | €1,445,936 | €1,242,498 | -€203,438 | -14.1% |
| Trade debts | 44 | €1,033,930 | €1,538,623 | +€504,693 | +48.8% |
| Suppliers | 440/4 | €1,033,930 | €1,538,623 | +€504,693 | +48.8% |
| Advances received on contracts in progress | 46 | €733,459 | €353,382 | -€380,076 | -51.8% |
| Taxes, remuneration and social security | 45 | €203,540 | €139,795 | -€63,745 | -31.3% |
| Taxes | 450/3 | €56,766 | €10,838 | -€45,928 | -80.9% |
| Remuneration and social security | 454/9 | €146,774 | €128,957 | -€17,817 | -12.1% |
| Other amounts payable | 47/48 | €1,050,000 | €721,693 | -€328,307 | -31.3% |
| Accrued charges and deferred income | 492/3 | €102,765 | €90,747 | -€12,018 | -11.7% |
| Non-recurring operating income | 76A | €3,620 | €15,988 | +€12,368 | +342% |
| Remuneration, social security and pensions | 62 | €1,982,429 | €1,841,750 | -€140,680 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,186 | €323,278 | +€79,092 | +32.4% |
| Other operating charges | 640/8 | €17,662 | €15,730 | -€1,932 | -10.9% |
| Non-recurring operating charges | 66A | €10,817 | - | -€10,817 | |
| Gross operating margin | 9900 | €3,520,252 | €2,918,221 | -€602,031 | -17.1% |
| Operating profit (loss) | 9901 | €1,265,158 | €737,464 | -€527,694 | -41.7% |
| Financial income | 75/76B | €149,426 | €159,446 | +€10,020 | +6.7% |
| Recurring financial income | 75 | €149,426 | €159,446 | +€10,020 | +6.7% |
| Financial charges | 65/66B | €121,642 | €102,966 | -€18,676 | -15.4% |
| Recurring financial charges | 65 | €121,642 | €102,966 | -€18,676 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €1,292,942 | €793,944 | -€498,998 | -38.6% |
| Income taxes | 67/77 | €282,368 | €187,436 | -€94,932 | -33.6% |
| Profit (loss) for the period | 9904 | €1,010,574 | €606,508 | -€404,066 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010,574 | €606,508 | -€404,066 | -40.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.