RYNDERS: 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.
RYNDERS
Largest movements
- Receivables within one year -€15,454
down €15,454 (-26.7%), from €57,832 to €42,378
of which Trade receivables: -€19,708
- Stocks and contracts +€13,147
up €13,147 (+229%), from €5,740 to €18,887
of which Contracts in progress: +€9,319
- Cash +€12,135
up €12,135 (+355%), from €3,419 to €15,554
mainly Receivables within one year (+€15,454) and Tax, wage and social debts (+€6,162)
- Tax, wage and social debts +€6,162
up €6,162 (+787%), from €783 to €6,945
of which Taxes: +€6,036
- Reserves +€3,021
up €3,021 (+5.9%), from €50,909 to €53,930
of which Distributable reserves: +€3,021
- Gross operating margin -€2,659
down €2,659 (-4.6%), from €58,322 to €55,664
- Staff costs -€724
down €724 (-1.4%), from €51,251 to €50,528
- Taxes -€712
down €712 (-25.6%), from €2,783 to €2,071
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 | €70,284 | €79,467 | +€9,183 | +13.1% |
| Fixed assets | 21/28 | €3,293 | €2,648 | -€644 | -19.6% |
| Tangible fixed assets | 22/27 | €2,846 | €2,202 | -€644 | -22.6% |
| Furniture and vehicles | 24 | €2,846 | €2,202 | -€644 | -22.6% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €66,991 | €76,819 | +€9,828 | +14.7% |
| Stocks and contracts in progress | 3 | €5,740 | €18,887 | +€13,147 | +229% |
| Stocks | 30/36 | €2,240 | €6,068 | +€3,828 | +171% |
| Contracts in progress | 37 | €3,500 | €12,819 | +€9,319 | +266% |
| Amounts receivable within one year | 40/41 | €57,832 | €42,378 | -€15,454 | -26.7% |
| Trade receivables | 40 | €23,490 | €3,783 | -€19,708 | -83.9% |
| Other amounts receivable | 41 | €34,341 | €38,595 | +€4,254 | +12.4% |
| Cash at bank and in hand | 54/58 | €3,419 | €15,554 | +€12,135 | +355% |
| Total equity and liabilities | 10/49 | €70,284 | €79,467 | +€9,183 | +13.1% |
| Equity | 10/15 | €69,501 | €72,522 | +€3,021 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €50,909 | €53,930 | +€3,021 | +5.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €49,049 | €52,071 | +€3,021 | +6.2% |
| Amounts payable | 17/49 | €783 | €6,945 | +€6,162 | +787% |
| Amounts payable within one year | 42/48 | €783 | €6,945 | +€6,162 | +787% |
| Taxes, remuneration and social security | 45 | €783 | €6,945 | +€6,162 | +787% |
| Taxes | 450/3 | €783 | €6,819 | +€6,036 | +771% |
| Remuneration and social security | 454/9 | - | €126 | +€126 | |
| Remuneration, social security and pensions | 62 | €51,251 | €50,528 | -€724 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376 | €644 | +€269 | +71.4% |
| Other operating charges | 640/8 | €551 | €404 | -€147 | -26.7% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €58,322 | €55,664 | -€2,659 | -4.6% |
| Operating profit (loss) | 9901 | €5,894 | €4,088 | -€1,806 | -30.6% |
| Financial income | 75/76B | €2,028 | €1,806 | -€222 | -10.9% |
| Recurring financial income | 75 | €2,028 | €1,806 | -€222 | -10.9% |
| Financial charges | 65/66B | €340 | €802 | +€462 | +136% |
| Recurring financial charges | 65 | €340 | €802 | +€462 | +136% |
| Profit (loss) for the period before taxes | 9903 | €7,583 | €5,093 | -€2,490 | -32.8% |
| Income taxes | 67/77 | €2,783 | €2,071 | -€712 | -25.6% |
| Profit (loss) for the period | 9904 | €4,800 | €3,021 | -€1,779 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,800 | €3,021 | -€1,779 | -37.1% |
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 22 October 2026 via checked.be.