VINCENT DE RUYTER: what changed
What changed
VINCENT DE RUYTER
NACE 74.201, Photography, excluding press photography
filed annual accounts (NBB)
Net result for the year
€19,206
2024 · -€56,800+€76,006
Equity
€244,771
2024 · €225,565+€19,206
Cash
€41,625
2024 · €35,180+€6,445
Balance sheet total
€257,656
2024 · €317,541-€59,885
Largest movements
Assets
- Receivables within one year -€63,385
down €63,385 (-99.2%), from €63,891 to €506
of which Trade receivables: -€63,288
- Cash +€6,445
up €6,445 (+18.3%), from €35,180 to €41,625
mainly Receivables within one year (+€63,385) and Net result for the year (+€19,206)
- Tangible fixed assets -€3,790
down €3,790 (-75.3%), from €5,032 to €1,242
Equity and liabilities
- Provisions -€61,078
no longer reported in 2025 (was €61,078)
- Profit (loss) carried forward +€19,206
up €19,206, from -€14,380 to €4,826
- Other debts -€15,508
down €15,508 (-56.5%), from €27,454 to €11,946
Income statement
- Gross operating margin +€76,578
up €76,578, from -€50,113 to €26,465
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.
Result 2024
-€56,800
Gross operating margin
+€76,578
Depreciation
-€158
Other operating charges
+€4
Financial income
-€44
Financial charges
-€187
Taxes
-€187
Result 2025
€19,206
raises the resultlowers the result
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.
From operations
+€7,290
Investment
-€845
Financing
€0
Cash 2024
€35,180
From operations (derived)
+€7,290
Net result for the year
+€19,206
Depreciation
+€3,790
Receivables within one year
+€63,385
Provisions
-€61,078
Trade debts
-€166
Tax, wage and social debts
-€2,339
Other debts
-€15,508
Investment (derived)
-€845
Investment in fixed assets (net)
+€50
Current investments
-€895
Cash 2025
€41,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,541 | €257,656 | -€59,885 | -18.9% |
| Fixed assets | 21/28 | €5,122 | €1,282 | -€3,840 | -75.0% |
| Tangible fixed assets | 22/27 | €5,032 | €1,242 | -€3,790 | -75.3% |
| Plant, machinery and equipment | 23 | €5,032 | €1,242 | -€3,790 | -75.3% |
| Financial fixed assets | 28 | €90 | €40 | -€50 | -55.6% |
| Current assets | 29/58 | €312,419 | €256,374 | -€56,045 | -17.9% |
| Amounts receivable within one year | 40/41 | €63,891 | €506 | -€63,385 | -99.2% |
| Trade receivables | 40 | €63,288 | - | -€63,288 | |
| Other amounts receivable | 41 | €603 | €506 | -€97 | -16.1% |
| Current investments | 50/53 | €213,348 | €214,243 | +€895 | +0.4% |
| Cash at bank and in hand | 54/58 | €35,180 | €41,625 | +€6,445 | +18.3% |
| Total equity and liabilities | 10/49 | €317,541 | €257,656 | -€59,885 | -18.9% |
| Equity | 10/15 | €225,565 | €244,771 | +€19,206 | +8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,545 | €227,545 | = | 0.0% |
| Distributable reserves | 133 | €227,545 | €227,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,380 | €4,826 | +€19,206 | |
| Provisions and deferred taxes | 16 | €61,078 | - | -€61,078 | |
| Provisions for liabilities and charges | 160/5 | €61,078 | - | -€61,078 | |
| Other liabilities and charges | 164/5 | €61,078 | - | -€61,078 | |
| Amounts payable | 17/49 | €30,898 | €12,885 | -€18,013 | -58.3% |
| Amounts payable within one year | 42/48 | €30,898 | €12,885 | -€18,013 | -58.3% |
| Trade debts | 44 | €1,105 | €939 | -€166 | -15.0% |
| Suppliers | 440/4 | €1,105 | €939 | -€166 | -15.0% |
| Taxes, remuneration and social security | 45 | €2,339 | - | -€2,339 | |
| Taxes | 450/3 | €2,339 | - | -€2,339 | |
| Other amounts payable | 47/48 | €27,454 | €11,946 | -€15,508 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,632 | €3,790 | +€158 | +4.4% |
| Other operating charges | 640/8 | €3,501 | €3,497 | -€4 | -0.1% |
| Gross operating margin | 9900 | -€50,113 | €26,465 | +€76,578 | |
| Operating profit (loss) | 9901 | -€57,246 | €19,178 | +€76,424 | |
| Financial income | 75/76B | €1,326 | €1,282 | -€44 | -3.3% |
| Recurring financial income | 75 | €1,326 | €1,282 | -€44 | -3.3% |
| Financial charges | 65/66B | €18 | €205 | +€187 | +1,039% |
| Recurring financial charges | 65 | €18 | €205 | +€187 | +1,039% |
| Profit (loss) for the period before taxes | 9903 | -€55,938 | €20,255 | +€76,193 | |
| Income taxes | 67/77 | €862 | €1,049 | +€187 | +21.7% |
| Profit (loss) for the period | 9904 | -€56,800 | €19,206 | +€76,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,800 | €19,206 | +€76,006 |
Next steps
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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 8 November 2026 via checked.be.