VAN RYSSEGHEM - RAES: what changed
VAN RYSSEGHEM - RAES
Largest movements
- Tangible fixed assets +€35,434
up €35,434 (+3.2%), from €1.1m to €1.1m
of which Land and buildings: +€33,092
- Deferred charges and accrued income -€35,164
down €35,164 (-49.6%), from €70,952 to €35,789
- Cash -€14,172
down €14,172 (-48.5%), from €29,200 to €15,029
mainly Investment in fixed assets (net) (-€92,477) and Accrued charges and deferred income (-€36,847)
- Accrued charges and deferred income -€36,847
down €36,847 (-49.2%), from €74,889 to €38,042
- Other debts +€36,738
up €36,738 (+194%), from €18,912 to €55,650
- Profit (loss) carried forward -€20,526
down €20,526 (-7.1%), from -€287,118 to -€307,643
- Gross operating margin +€16,760
up €16,760 (+61.0%), from €27,494 to €44,254
- Depreciation -€1,033
down €1,033 (-1.8%), from €58,077 to €57,044
- Other operating charges +€754
up €754 (+10.9%), from €6,949 to €7,703
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,515 | €1,195,790 | -€14,724 | -1.2% |
| Fixed assets | 21/28 | €1,109,201 | €1,144,634 | +€35,434 | +3.2% |
| Tangible fixed assets | 22/27 | €1,109,201 | €1,144,634 | +€35,434 | +3.2% |
| Land and buildings | 22 | €1,106,816 | €1,139,908 | +€33,092 | +3.0% |
| Plant, machinery and equipment | 23 | €1,569 | €1,075 | -€494 | -31.5% |
| Furniture and vehicles | 24 | €815 | €3,651 | +€2,835 | +348% |
| Current assets | 29/58 | €101,314 | €51,156 | -€50,158 | -49.5% |
| Amounts receivable within one year | 40/41 | €1,161 | €339 | -€823 | -70.8% |
| Other amounts receivable | 41 | €1,161 | €339 | -€823 | -70.8% |
| Cash at bank and in hand | 54/58 | €29,200 | €15,029 | -€14,172 | -48.5% |
| Deferred charges and accrued income | 490/1 | €70,952 | €35,789 | -€35,164 | -49.6% |
| Total equity and liabilities | 10/49 | €1,210,515 | €1,195,790 | -€14,724 | -1.2% |
| Equity | 10/15 | €1,115,369 | €1,094,843 | -€20,526 | -1.8% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €862,486 | €862,486 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,703 | €32,703 | = | 0.0% |
| Distributable reserves | 133 | €829,783 | €829,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,118 | -€307,643 | -€20,526 | -7.1% |
| Amounts payable | 17/49 | €95,146 | €100,947 | +€5,801 | +6.1% |
| Amounts payable within one year | 42/48 | €20,257 | €62,905 | +€42,648 | +211% |
| Trade debts | 44 | €867 | €532 | -€335 | -38.6% |
| Suppliers | 440/4 | €867 | €532 | -€335 | -38.6% |
| Taxes, remuneration and social security | 45 | €478 | €6,723 | +€6,245 | +1,306% |
| Taxes | 450/3 | €478 | €6,723 | +€6,245 | +1,306% |
| Other amounts payable | 47/48 | €18,912 | €55,650 | +€36,738 | +194% |
| Accrued charges and deferred income | 492/3 | €74,889 | €38,042 | -€36,847 | -49.2% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,077 | €57,044 | -€1,033 | -1.8% |
| Other operating charges | 640/8 | €6,949 | €7,703 | +€754 | +10.9% |
| Gross operating margin | 9900 | €27,494 | €44,254 | +€16,760 | +61.0% |
| Operating profit (loss) | 9901 | -€37,531 | -€20,492 | +€17,039 | +45.4% |
| Financial income | 75/76B | €122 | €4 | -€117 | -96.4% |
| Recurring financial income | 75 | €122 | €4 | -€117 | -96.4% |
| Financial charges | 65/66B | €97 | €38 | -€59 | -61.2% |
| Recurring financial charges | 65 | €97 | €38 | -€59 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,507 | -€20,526 | +€16,981 | +45.3% |
| Income taxes | 67/77 | €168 | €0 | -€168 | -100% |
| Profit (loss) for the period | 9904 | -€37,675 | -€20,526 | +€17,149 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,675 | -€20,526 | +€17,149 | +45.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.