RYDOO: 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.
What changed
RYDOO
NACE 64.190, Financial service activities, except insurance and pension funding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€406,978-€1.0m
Equity
€7.1m
2024 · €8.6m-€1.4m
Cash
€2.7m
2024 · €2.1m+€575,710
Balance sheet total
€25.7m
2024 · €24.1m+€1.6m
Largest movements
Assets
- Deferred charges and accrued income +€894,189
up €894,189 (+125.5%), from €712,707 to €1.6m
- Receivables within one year +€705,285
up €705,285 (+8.6%), from €8.2m to €8.9m
of which Trade receivables: +€899,228
- Intangible fixed assets -€702,003
down €702,003 (-5.9%), from €12.0m to €11.3m
- Cash +€575,710
up €575,710 (+27.2%), from €2.1m to €2.7m
mainly Depreciation (+€3.0m) and Trade debts (+€2.0m)
Equity and liabilities
- Trade debts +€2.0m
up €2.0m (+79.0%), from €2.5m to €4.5m
- Profit (loss) carried forward -€1.4m
down €1.4m (-4.7%), from -€30.5m to -€31.9m
- Accrued charges and deferred income +€803,480
up €803,480 (+9.4%), from €8.5m to €9.3m
Income statement
- Turnover +€2.9m
up €2.9m (+16.7%), from €17.5m to €20.4m
- Services and other goods +€2.8m
up €2.8m (+24.5%), from €11.5m to €14.3m
- Other operating income -€628,925
down €628,925 (-63.7%), from €987,103 to €358,178
- Goods and materials +€455,136
up €455,136 (+35.4%), from €1.3m to €1.7m
- Staff costs -€354,393
down €354,393 (-6.5%), from €5.5m to €5.1m
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.
Result 2024
-€406,978
Turnover
+€2.9m
Other operating income
-€628,925
Goods and materials
-€455,136
Services and other goods
-€2.8m
Staff costs
+€354,393
Depreciation
-€321,425
Write-downs
+€85,857
Other operating charges
-€2,588
Other operating items
+€261,184
Financial income
-€87,224
Financial charges
-€80,490
Taxes
-€260,068
Result 2025
-€1.4m
Cash bridge derived
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.
From operations
+€3.0m
Investment
-€2.4m
Financing
€0
Cash 2024
€2.1m
From operations (derived)
+€3.0m
Net result for the year
-€1.4m
Depreciation
+€3.0m
Receivables within one year
-€705,285
Deferred charges and accrued income
-€894,189
Trade debts
+€2.0m
Tax, wage and social debts
+€209,896
Accrued charges and deferred income
+€803,480
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,144,601 | €25,696,108 | +€1.6m | +6.4% |
| Fixed assets | 21/28 | €13,106,281 | €12,482,606 | -€623,676 | -4.8% |
| Intangible fixed assets | 21 | €11,971,579 | €11,269,576 | -€702,003 | -5.9% |
| Tangible fixed assets | 22/27 | €66,714 | €142,017 | +€75,303 | +112.9% |
| Furniture and vehicles | 24 | €66,714 | €142,017 | +€75,303 | +112.9% |
| Financial fixed assets | 28 | €1,067,988 | €1,071,012 | +€3,024 | +0.3% |
| Affiliated companies | 280/1 | €1,049,108 | €1,049,108 | = | 0.0% |
| Participating interests | 280 | €1,049,108 | €1,049,108 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,880 | €21,904 | +€3,024 | +16.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,880 | €21,904 | +€3,024 | +16.0% |
| Current assets | 29/58 | €11,038,319 | €13,213,502 | +€2.2m | +19.7% |
| Amounts receivable within one year | 40/41 | €8,209,008 | €8,914,293 | +€705,285 | +8.6% |
| Trade receivables | 40 | €7,300,117 | €8,199,345 | +€899,228 | +12.3% |
| Other amounts receivable | 41 | €908,891 | €714,947 | -€193,943 | -21.3% |
| Cash at bank and in hand | 54/58 | €2,116,604 | €2,692,314 | +€575,710 | +27.2% |
| Deferred charges and accrued income | 490/1 | €712,707 | €1,606,896 | +€894,189 | +125.5% |
| Total equity and liabilities | 10/49 | €24,144,601 | €25,696,108 | +€1.6m | +6.4% |
| Equity | 10/15 | €8,580,426 | €7,135,188 | -€1.4m | -16.8% |
| Contributions | 10/11 | €39,063,172 | €39,063,172 | = | 0.0% |
| Capital | 10 | €39,063,172 | €39,063,172 | = | 0.0% |
| Issued capital | 100 | €39,063,172 | €39,063,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,482,746 | -€31,927,984 | -€1.4m | -4.7% |
| Amounts payable | 17/49 | €15,564,175 | €18,560,919 | +€3.0m | +19.3% |
| Amounts payable within one year | 42/48 | €7,031,657 | €9,224,922 | +€2.2m | +31.2% |
| Trade debts | 44 | €2,510,246 | €4,493,616 | +€2.0m | +79.0% |
| Suppliers | 440/4 | €2,510,246 | €4,493,616 | +€2.0m | +79.0% |
| Taxes, remuneration and social security | 45 | €728,364 | €938,260 | +€209,896 | +28.8% |
| Taxes | 450/3 | €54,233 | €103,018 | +€48,785 | +90.0% |
| Remuneration and social security | 454/9 | €674,131 | €835,242 | +€161,111 | +23.9% |
| Other amounts payable | 47/48 | €3,793,047 | €3,793,047 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,532,518 | €9,335,997 | +€803,480 | +9.4% |
| Operating income | 70/76A | €20,655,484 | €23,194,954 | +€2.5m | +12.3% |
| Turnover | 70 | €17,484,876 | €20,397,273 | +€2.9m | +16.7% |
| Own construction capitalised | 72 | €2,183,505 | €2,278,093 | +€94,588 | +4.3% |
| Other operating income | 74 | €987,103 | €358,178 | -€628,925 | -63.7% |
| Non-recurring operating income | 76A | - | €161,410 | +€161,410 | |
| Operating charges | 60/66A | €21,131,302 | €24,281,250 | +€3.1m | +14.9% |
| Goods for resale, raw materials and consumables | 60 | €1,286,670 | €1,741,806 | +€455,136 | +35.4% |
| Purchases | 600/8 | €1,286,670 | €1,741,806 | +€455,136 | +35.4% |
| Services and other goods | 61 | €11,515,464 | €14,331,699 | +€2.8m | +24.5% |
| Remuneration, social security and pensions | 62 | €5,467,054 | €5,112,661 | -€354,393 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716,665 | €3,038,090 | +€321,425 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €96,904 | €11,048 | -€85,857 | -88.6% |
| Other operating charges | 640/8 | €42,232 | €44,821 | +€2,588 | +6.1% |
| Non-recurring operating charges | 66A | €6,312 | €1,126 | -€5,186 | -82.2% |
| Operating profit (loss) | 9901 | -€475,818 | -€1,086,296 | -€610,478 | -128.3% |
| Financial income | 75/76B | €87,240 | €17 | -€87,224 | -100.0% |
| Recurring financial income | 75 | €87,240 | €17 | -€87,224 | -100.0% |
| Other financial income | 752/9 | €87,240 | €17 | -€87,224 | -100.0% |
| Financial charges | 65/66B | €103,933 | €184,423 | +€80,490 | +77.4% |
| Recurring financial charges | 65 | €103,933 | €184,423 | +€80,490 | +77.4% |
| Debt charges | 650 | €28,588 | €24,892 | -€3,696 | -12.9% |
| Other financial charges | 652/9 | €75,345 | €159,531 | +€84,186 | +111.7% |
| Profit (loss) for the period before taxes | 9903 | -€492,510 | -€1,270,702 | -€778,192 | -158.0% |
| Income taxes | 67/77 | -€85,532 | €174,536 | +€260,068 | |
| Taxes | 670/3 | - | €245,161 | +€245,161 | |
| Tax adjustments and reversals of tax provisions | 77 | €85,532 | €70,625 | -€14,907 | -17.4% |
| Profit (loss) for the period | 9904 | -€406,978 | -€1,445,238 | -€1.0m | -255.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€406,978 | -€1,445,238 | -€1.0m | -255.1% |
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 10 October 2026 via checked.be.