VANHOORNE & RYCKEBUSCH: what changed
VANHOORNE & RYCKEBUSCH
Largest movements
- Tangible fixed assets +€28,973
up €28,973 (+2,382%), from €1,217 to €30,189
of which Furniture and vehicles: +€25,342
- Cash +€2,435
up €2,435 (+44.9%), from €5,421 to €7,857
mainly Other debts (+€22,505) and Net result for the year (+€11,934)
- Other debts +€22,505
up €22,505 (+1,241%), from €1,813 to €24,318
- Reserves +€11,934
up €11,934 (+8.3%), from €144,337 to €156,271
of which Distributable reserves: +€11,934
- Gross operating margin -€18,934
down €18,934 (-39.9%), from €47,395 to €28,461
- Taxes -€12,057
down €12,057 (-64.2%), from €18,777 to €6,720
- Depreciation +€2,187
up €2,187 (+61.8%), from €3,540 to €5,727
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 | €176,987 | €208,716 | +€31,729 | +17.9% |
| Fixed assets | 21/28 | €1,217 | €30,189 | +€28,973 | +2,382% |
| Tangible fixed assets | 22/27 | €1,217 | €30,189 | +€28,973 | +2,382% |
| Land and buildings | 22 | - | €4,788 | +€4,788 | |
| Plant, machinery and equipment | 23 | €1,217 | €59 | -€1,157 | -95.1% |
| Furniture and vehicles | 24 | - | €25,342 | +€25,342 | |
| Current assets | 29/58 | €175,770 | €178,527 | +€2,757 | +1.6% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,421 | €7,857 | +€2,435 | +44.9% |
| Deferred charges and accrued income | 490/1 | €349 | €670 | +€321 | +92.1% |
| Total equity and liabilities | 10/49 | €176,987 | €208,716 | +€31,729 | +17.9% |
| Equity | 10/15 | €162,937 | €174,871 | +€11,934 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,337 | €156,271 | +€11,934 | +8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €142,477 | €154,411 | +€11,934 | +8.4% |
| Amounts payable | 17/49 | €14,049 | €33,845 | +€19,796 | +141% |
| Amounts payable within one year | 42/48 | €14,049 | €33,845 | +€19,796 | +141% |
| Trade debts | 44 | €801 | €165 | -€637 | -79.5% |
| Suppliers | 440/4 | €801 | €165 | -€637 | -79.5% |
| Taxes, remuneration and social security | 45 | €11,434 | €9,362 | -€2,072 | -18.1% |
| Taxes | 450/3 | €11,434 | €9,362 | -€2,072 | -18.1% |
| Other amounts payable | 47/48 | €1,813 | €24,318 | +€22,505 | +1,241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,540 | €5,727 | +€2,187 | +61.8% |
| Other operating charges | 640/8 | €3,635 | €3,981 | +€345 | +9.5% |
| Gross operating margin | 9900 | €47,395 | €28,461 | -€18,934 | -39.9% |
| Operating profit (loss) | 9901 | €40,219 | €18,753 | -€21,466 | -53.4% |
| Financial income | 75/76B | €0 | €8 | +€7 | +24,933% |
| Recurring financial income | 75 | €0 | €8 | +€7 | +24,933% |
| Financial charges | 65/66B | €265 | €107 | -€158 | -59.6% |
| Recurring financial charges | 65 | €265 | €107 | -€158 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €39,955 | €18,654 | -€21,301 | -53.3% |
| Income taxes | 67/77 | €18,777 | €6,720 | -€12,057 | -64.2% |
| Profit (loss) for the period | 9904 | €21,178 | €11,934 | -€9,244 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,178 | €11,934 | -€9,244 | -43.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.