VAN RIJSSEGHEM: 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.
VAN RIJSSEGHEM
Largest movements
- Receivables within one year -€239,587
down €239,587 (-67.5%), from €355,131 to €115,545
of which Trade receivables: -€238,625
- Cash -€138,285
down €138,285 (-12.8%), from €1.1m to €942,810
mainly Other debts (-€1.7m) and Tax, wage and social debts (-€288,488)
- Intangible fixed assets -€73,163
down €73,163 (-78.2%), from €93,544 to €20,381
- Stocks and contracts -€27,570
down €27,570 (-6.3%), from €436,691 to €409,121
- Tangible fixed assets +€26,835
up €26,835 (+4.0%), from €673,043 to €699,878
of which Furniture and vehicles: +€31,705
- Debts after one year +€1.7m
new in 2025: €1.7m
- Other debts -€1.7m
down €1.7m (-99.7%), from €1.7m to €5,227
- Tax, wage and social debts -€288,488
down €288,488 (-96.4%), from €299,221 to €10,733
of which Taxes: -€288,628
- Trade debts -€255,139
down €255,139 (-68.9%), from €370,169 to €115,031
- Reserves +€113,597
up €113,597 (+45.4%), from €250,000 to €363,597
- Gross operating margin -€69,014
down €69,014 (-14.3%), from €482,891 to €413,878
- Depreciation +€22,880
up €22,880 (+16.6%), from €138,173 to €161,053
- Staff costs -€16,873
down €16,873 (-12.6%), from €133,694 to €116,822
- Financial charges -€6,792
down €6,792 (-30.1%), from €22,595 to €15,803
- Taxes -€5,285
down €5,285 (-28.8%), from €18,359 to €13,073
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 | €2,645,038 | €2,190,213 | -€454,825 | -17.2% |
| Fixed assets | 21/28 | €766,587 | €720,259 | -€46,328 | -6.0% |
| Intangible fixed assets | 21 | €93,544 | €20,381 | -€73,163 | -78.2% |
| Tangible fixed assets | 22/27 | €673,043 | €699,878 | +€26,835 | +4.0% |
| Plant, machinery and equipment | 23 | €137,828 | €108,446 | -€29,381 | -21.3% |
| Furniture and vehicles | 24 | €31,818 | €63,523 | +€31,705 | +99.6% |
| Other tangible fixed assets | 26 | €503,397 | €527,909 | +€24,512 | +4.9% |
| Current assets | 29/58 | €1,878,451 | €1,469,954 | -€408,497 | -21.7% |
| Stocks and contracts in progress | 3 | €436,691 | €409,121 | -€27,570 | -6.3% |
| Stocks | 30/36 | €436,691 | €409,121 | -€27,570 | -6.3% |
| Amounts receivable within one year | 40/41 | €355,131 | €115,545 | -€239,587 | -67.5% |
| Trade receivables | 40 | €299,370 | €60,745 | -€238,625 | -79.7% |
| Other amounts receivable | 41 | €55,761 | €54,800 | -€961 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,081,095 | €942,810 | -€138,285 | -12.8% |
| Deferred charges and accrued income | 490/1 | €5,534 | €2,478 | -€3,056 | -55.2% |
| Total equity and liabilities | 10/49 | €2,645,038 | €2,190,213 | -€454,825 | -17.2% |
| Equity | 10/15 | €270,600 | €384,197 | +€113,597 | +42.0% |
| Contributions | 10/11 | €20,600 | €20,600 | = | 0.0% |
| Reserves | 13 | €250,000 | €363,597 | +€113,597 | +45.4% |
| Distributable reserves | 133 | €250,000 | €363,597 | +€113,597 | +45.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,374,438 | €1,806,016 | -€568,423 | -23.9% |
| Amounts payable after more than one year | 17 | - | €1,675,025 | +€1.7m | |
| Other amounts payable | 178/9 | - | €1,675,025 | +€1.7m | |
| Amounts payable within one year | 42/48 | €2,374,438 | €130,990 | -€2.2m | -94.5% |
| Trade debts | 44 | €370,169 | €115,031 | -€255,139 | -68.9% |
| Suppliers | 440/4 | €370,169 | €115,031 | -€255,139 | -68.9% |
| Advances received on contracts in progress | 46 | €25,164 | €0 | -€25,164 | -100% |
| Taxes, remuneration and social security | 45 | €299,221 | €10,733 | -€288,488 | -96.4% |
| Taxes | 450/3 | €298,613 | €9,985 | -€288,628 | -96.7% |
| Remuneration and social security | 454/9 | €609 | €748 | +€140 | +23.0% |
| Other amounts payable | 47/48 | €1,679,883 | €5,227 | -€1.7m | -99.7% |
| Non-recurring operating income | 76A | €826 | €21,066 | +€20,240 | +2,450% |
| Remuneration, social security and pensions | 62 | €133,694 | €116,822 | -€16,873 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,173 | €161,053 | +€22,880 | +16.6% |
| Other operating charges | 640/8 | €1,849 | €1,323 | -€526 | -28.4% |
| Gross operating margin | 9900 | €482,891 | €413,878 | -€69,014 | -14.3% |
| Operating profit (loss) | 9901 | €209,175 | €134,680 | -€74,495 | -35.6% |
| Financial income | 75/76B | €6,175 | €7,795 | +€1,619 | +26.2% |
| Recurring financial income | 75 | €6,175 | €7,795 | +€1,619 | +26.2% |
| Financial charges | 65/66B | €22,595 | €15,803 | -€6,792 | -30.1% |
| Recurring financial charges | 65 | €22,595 | €15,803 | -€6,792 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €192,755 | €126,671 | -€66,084 | -34.3% |
| Income taxes | 67/77 | €18,359 | €13,073 | -€5,285 | -28.8% |
| Profit (loss) for the period | 9904 | €174,396 | €113,597 | -€60,799 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,396 | €113,597 | -€60,799 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.