VAN DE RYSE: 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.
VAN DE RYSE
Largest movements
- Cash +€62,074
up €62,074 (+40.4%), from €153,824 to €215,898
mainly Stocks and contracts (+€33,329) and Net result for the year (+€14,786)
- Stocks and contracts -€33,329
down €33,329 (-17.7%), from €188,664 to €155,335
- Receivables within one year -€10,949
down €10,949 (-24.9%), from €44,020 to €33,071
of which Trade receivables: -€15,400
- Reserves +€14,786
up €14,786 (+14.4%), from €102,723 to €117,509
of which Distributable reserves: +€14,786
- Gross operating margin -€24,305
down €24,305 (-23.4%), from €103,990 to €79,685
- Staff costs +€2,622
up €2,622 (+4.5%), from €58,687 to €61,310
- Taxes -€2,333
down €2,333 (-61.2%), from €3,811 to €1,479
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,677 | €404,304 | +€17,627 | +4.6% |
| Fixed assets | 21/28 | €169 | - | -€169 | |
| Tangible fixed assets | 22/27 | €169 | - | -€169 | |
| Plant, machinery and equipment | 23 | €169 | - | -€169 | |
| Current assets | 29/58 | €386,509 | €404,304 | +€17,796 | +4.6% |
| Stocks and contracts in progress | 3 | €188,664 | €155,335 | -€33,329 | -17.7% |
| Stocks | 30/36 | €188,664 | €155,335 | -€33,329 | -17.7% |
| Amounts receivable within one year | 40/41 | €44,020 | €33,071 | -€10,949 | -24.9% |
| Trade receivables | 40 | €20,032 | €4,632 | -€15,400 | -76.9% |
| Other amounts receivable | 41 | €23,988 | €28,438 | +€4,451 | +18.6% |
| Cash at bank and in hand | 54/58 | €153,824 | €215,898 | +€62,074 | +40.4% |
| Total equity and liabilities | 10/49 | €386,677 | €404,304 | +€17,627 | +4.6% |
| Equity | 10/15 | €340,305 | €355,091 | +€14,786 | +4.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €102,723 | €117,509 | +€14,786 | +14.4% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €95,223 | €110,009 | +€14,786 | +15.5% |
| Profit (loss) carried forward | 14 | €162,582 | €162,582 | = | 0.0% |
| Amounts payable | 17/49 | €46,372 | €49,213 | +€2,841 | +6.1% |
| Amounts payable within one year | 42/48 | €44,272 | €45,013 | +€741 | +1.7% |
| Trade debts | 44 | €21,251 | €21,827 | +€576 | +2.7% |
| Suppliers | 440/4 | €21,251 | €21,827 | +€576 | +2.7% |
| Taxes, remuneration and social security | 45 | €23,021 | €23,186 | +€165 | +0.7% |
| Taxes | 450/3 | €14,160 | €19,410 | +€5,250 | +37.1% |
| Remuneration and social security | 454/9 | €8,862 | €3,776 | -€5,085 | -57.4% |
| Accrued charges and deferred income | 492/3 | €2,100 | €4,200 | +€2,100 | +100.0% |
| Remuneration, social security and pensions | 62 | €58,687 | €61,310 | +€2,622 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €169 | = | 0.0% |
| Other operating charges | 640/8 | €2,292 | €1,275 | -€1,017 | -44.4% |
| Gross operating margin | 9900 | €103,990 | €79,685 | -€24,305 | -23.4% |
| Operating profit (loss) | 9901 | €42,842 | €16,932 | -€25,911 | -60.5% |
| Financial income | 75/76B | €2 | €15 | +€14 | +816.0% |
| Recurring financial income | 75 | €2 | €15 | +€14 | +816.0% |
| Financial charges | 65/66B | €918 | €682 | -€236 | -25.7% |
| Recurring financial charges | 65 | €918 | €682 | -€236 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €41,926 | €16,265 | -€25,661 | -61.2% |
| Income taxes | 67/77 | €3,811 | €1,479 | -€2,333 | -61.2% |
| Profit (loss) for the period | 9904 | €38,115 | €14,786 | -€23,328 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,115 | €14,786 | -€23,328 | -61.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.