RYDESTATE: what changed
Two fiscal 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.
RYDESTATE
Largest movements
- Stocks and contracts +€392,741
up €392,741 (+83.1%), from €472,642 to €865,383
- Tangible fixed assets +€200,676
up €200,676 (+10.0%), from €2.0m to €2.2m
of which Land and buildings: +€176,597
- Cash -€153,813
down €153,813 (-43.2%), from €355,660 to €201,847
mainly Stocks and contracts (-€392,741) and Investment in fixed assets (net) (-€280,854)
- Receivables within one year +€121,661
up €121,661 (+72.2%), from €168,461 to €290,122
of which Trade receivables: +€85,343
- Debts after one year +€677,065
up €677,065 (+29.6%), from €2.3m to €3.0m
- Current portion of long-term debt -€77,202
down €77,202 (-90.6%), from €85,208 to €8,007
- Depreciation -€124,535
down €124,535 (-60.8%), from €204,712 to €80,178
- Gross operating margin -€102,624
down €102,624 (-73.2%), from €140,216 to €37,592
- Financial charges -€46,169
down €46,169 (-99.1%), from €46,584 to €415
- Other operating charges -€6,668
down €6,668 (-44.4%), from €15,019 to €8,350
- Taxes +€1,889
new in 2023: €1,889
From the 30-06-2023 result to the 31-12-2023 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.
Cash bridge derived
Derived from the 30-06-2023 and 31-12-2023 balance sheets and the 31-12-2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2023 | 31-12-2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,493,660 | €6,029,785 | +€536,125 | +9.8% |
| Fixed assets | 21/28 | €2,009,847 | €2,210,523 | +€200,676 | +10.0% |
| Tangible fixed assets | 22/27 | €2,009,847 | €2,210,523 | +€200,676 | +10.0% |
| Land and buildings | 22 | €2,009,847 | €2,186,444 | +€176,597 | +8.8% |
| Plant, machinery and equipment | 23 | - | €24,079 | +€24,079 | |
| Current assets | 29/58 | €3,483,813 | €3,819,262 | +€335,449 | +9.6% |
| Amounts receivable after more than one year | 29 | €2,405,642 | €2,377,555 | -€28,087 | -1.2% |
| Trade receivables | 290 | €359,142 | €206,270 | -€152,872 | -42.6% |
| Other amounts receivable | 291 | €2,046,500 | €2,171,285 | +€124,785 | +6.1% |
| Stocks and contracts in progress | 3 | €472,642 | €865,383 | +€392,741 | +83.1% |
| Stocks | 30/36 | €472,642 | €865,383 | +€392,741 | +83.1% |
| Amounts receivable within one year | 40/41 | €168,461 | €290,122 | +€121,661 | +72.2% |
| Trade receivables | 40 | €145,112 | €230,455 | +€85,343 | +58.8% |
| Other amounts receivable | 41 | €23,350 | €59,667 | +€36,317 | +155.5% |
| Cash at bank and in hand | 54/58 | €355,660 | €201,847 | -€153,813 | -43.2% |
| Deferred charges and accrued income | 490/1 | €81,408 | €84,355 | +€2,947 | +3.6% |
| Total equity and liabilities | 10/49 | €5,493,660 | €6,029,785 | +€536,125 | +9.8% |
| Equity | 10/15 | €2,359,859 | €2,321,147 | -€38,712 | -1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,290,741 | €2,247,157 | -€43,585 | -1.9% |
| Non-distributable reserves | 130/1 | €14,005 | €14,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,005 | €14,005 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,184,836 | €2,141,252 | -€43,585 | -2.0% |
| Distributable reserves | 133 | €91,900 | €91,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,118 | €11,990 | +€4,873 | +68.5% |
| Provisions and deferred taxes | 16 | €592,056 | €577,528 | -€14,528 | -2.5% |
| Deferred taxes | 168 | €592,056 | €577,528 | -€14,528 | -2.5% |
| Amounts payable | 17/49 | €2,541,745 | €3,131,110 | +€589,365 | +23.2% |
| Amounts payable after more than one year | 17 | €2,290,854 | €2,967,919 | +€677,065 | +29.6% |
| Financial debts | 170/4 | €2,290,854 | €2,967,919 | +€677,065 | +29.6% |
| Amounts payable within one year | 42/48 | €245,098 | €157,398 | -€87,699 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €85,208 | €8,007 | -€77,202 | -90.6% |
| Trade debts | 44 | €156,947 | €98,484 | -€58,464 | -37.3% |
| Suppliers | 440/4 | €156,947 | €98,484 | -€58,464 | -37.3% |
| Taxes, remuneration and social security | 45 | €2,942 | €50,908 | +€47,966 | +1630.5% |
| Taxes | 450/3 | €2,942 | €50,908 | +€47,966 | +1630.5% |
| Accrued charges and deferred income | 492/3 | €5,793 | €5,793 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,712 | €80,178 | -€124,535 | -60.8% |
| Other operating charges | 640/8 | €15,019 | €8,350 | -€6,668 | -44.4% |
| Gross operating margin | 9900 | €140,216 | €37,592 | -€102,624 | -73.2% |
| Operating profit (loss) | 9901 | -€79,515 | -€50,936 | +€28,579 | +35.9% |
| Financial charges | 65/66B | €46,584 | €415 | -€46,169 | -99.1% |
| Recurring financial charges | 65 | €46,584 | €415 | -€46,169 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | -€126,099 | -€51,351 | +€74,748 | +59.3% |
| Transfer from deferred taxes | 780 | €31,759 | €14,528 | -€17,231 | -54.3% |
| Income taxes | 67/77 | - | €1,889 | +€1,889 | |
| Profit (loss) for the period | 9904 | -€94,341 | -€38,712 | +€55,628 | +59.0% |
| Transfer from tax-exempt reserves | 789 | €95,277 | €43,585 | -€51,692 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €936 | €4,873 | +€3,937 | +420.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.