VANRYCKEGHEM MATHIEU: 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.
VANRYCKEGHEM MATHIEU
Largest movements
- Cash +€53,174
up €53,174 (+1325.3%), from €4,012 to €57,187
mainly Other debts (+€38,706) and Current investments (+€32,730)
- Current investments -€32,730
down €32,730 (-57.7%), from €56,730 to €24,000
- Deferred charges and accrued income -€2,927
down €2,927 (-42.2%), from €6,936 to €4,009
- Reserves -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€38,706
new in 2025: €38,706
- Profit (loss) carried forward +€29,060
up €29,060 (+80.1%), from €36,290 to €65,350
- Gross operating margin -€8,481
down €8,481 (-14.8%), from €57,370 to €48,888
- Depreciation -€3,399
down €3,399 (-26.6%), from €12,758 to €9,359
- Financial income +€609
up €609 (+79.6%), from €765 to €1,373
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 | €100,738 | €118,691 | +€17,953 | +17.8% |
| Fixed assets | 21/28 | €27,980 | €27,744 | -€236 | -0.8% |
| Tangible fixed assets | 22/27 | €27,980 | €27,744 | -€236 | -0.8% |
| Plant, machinery and equipment | 23 | €23,626 | €23,214 | -€412 | -1.7% |
| Furniture and vehicles | 24 | €4,354 | €4,530 | +€176 | +4.1% |
| Current assets | 29/58 | €72,759 | €90,947 | +€18,189 | +25.0% |
| Amounts receivable within one year | 40/41 | €5,080 | €5,751 | +€671 | +13.2% |
| Trade receivables | 40 | €4,894 | €5,751 | +€857 | +17.5% |
| Other amounts receivable | 41 | €186 | - | -€186 | |
| Current investments | 50/53 | €56,730 | €24,000 | -€32,730 | -57.7% |
| Cash at bank and in hand | 54/58 | €4,012 | €57,187 | +€53,174 | +1325.3% |
| Deferred charges and accrued income | 490/1 | €6,936 | €4,009 | -€2,927 | -42.2% |
| Total equity and liabilities | 10/49 | €100,738 | €118,691 | +€17,953 | +17.8% |
| Equity | 10/15 | €86,410 | €65,470 | -€20,940 | -24.2% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €36,290 | €65,350 | +€29,060 | +80.1% |
| Amounts payable | 17/49 | €14,328 | €53,221 | +€38,893 | +271.4% |
| Amounts payable within one year | 42/48 | €14,328 | €53,221 | +€38,893 | +271.4% |
| Trade debts | 44 | €4,928 | €4,815 | -€113 | -2.3% |
| Suppliers | 440/4 | €4,928 | €4,815 | -€113 | -2.3% |
| Taxes, remuneration and social security | 45 | €9,400 | €9,700 | +€300 | +3.2% |
| Taxes | 450/3 | €9,400 | €9,700 | +€300 | +3.2% |
| Other amounts payable | 47/48 | - | €38,706 | +€38,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,758 | €9,359 | -€3,399 | -26.6% |
| Other operating charges | 640/8 | €1,157 | €1,667 | +€509 | +44.0% |
| Gross operating margin | 9900 | €57,370 | €48,888 | -€8,481 | -14.8% |
| Operating profit (loss) | 9901 | €43,454 | €37,863 | -€5,591 | -12.9% |
| Financial income | 75/76B | €765 | €1,373 | +€609 | +79.6% |
| Recurring financial income | 75 | €765 | €1,373 | +€609 | +79.6% |
| Financial charges | 65/66B | €1,073 | €812 | -€260 | -24.3% |
| Recurring financial charges | 65 | €1,073 | €812 | -€260 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €43,146 | €38,424 | -€4,723 | -10.9% |
| Income taxes | 67/77 | €9,361 | €9,364 | +€3 | 0.0% |
| Profit (loss) for the period | 9904 | €33,785 | €29,060 | -€4,726 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,785 | €29,060 | -€4,726 | -14.0% |
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 12 October 2026 via checked.be.