DE RUST: what changed
Two fiscal 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.
DE RUST
Largest movements
- Tangible fixed assets +€35,083
up €35,083 (+70.6%), from €49,716 to €84,799
of which Plant, machinery and equipment: +€18,080
- Cash +€20,593
up €20,593 (+108.2%), from €19,032 to €39,625
mainly Receivables after one year (+€20,000) and Trade debts (+€13,677)
- Receivables after one year -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Trade debts +€13,677
up €13,677 (+207.8%), from €6,581 to €20,258
- Tax, wage and social debts +€11,313
up €11,313 (+62.0%), from €18,248 to €29,561
of which Remuneration and social security: +€6,766
- Reserves +€10,764
new in 2025: €10,764
- Other debts +€6,222
up €6,222 (+486.6%), from €1,279 to €7,501
- Debts after one year -€6,000
down €6,000 (-9.5%), from €63,000 to €57,000
- Gross operating margin +€32,325
up €32,325 (+27.5%), from €117,447 to €149,772
- Staff costs +€13,751
up €13,751 (+12.5%), from €109,881 to €123,632
- Depreciation +€5,389
up €5,389 (+104.5%), from €5,158 to €10,548
- Taxes +€3,622
new in 2025: €3,622
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 | €99,329 | €135,848 | +€36,519 | +36.8% |
| Fixed assets | 21/28 | €49,716 | €84,799 | +€35,083 | +70.6% |
| Tangible fixed assets | 22/27 | €49,716 | €84,799 | +€35,083 | +70.6% |
| Plant, machinery and equipment | 23 | €45,819 | €63,899 | +€18,080 | +39.5% |
| Furniture and vehicles | 24 | €3,897 | €12,111 | +€8,214 | +210.8% |
| Other tangible fixed assets | 26 | - | €8,789 | +€8,789 | |
| Current assets | 29/58 | €49,612 | €51,049 | +€1,437 | +2.9% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100.0% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244 | €121 | -€123 | -50.3% |
| Trade receivables | 40 | €244 | €121 | -€123 | -50.3% |
| Cash at bank and in hand | 54/58 | €19,032 | €39,625 | +€20,593 | +108.2% |
| Deferred charges and accrued income | 490/1 | €337 | €1,303 | +€966 | +286.7% |
| Total equity and liabilities | 10/49 | €99,329 | €135,848 | +€36,519 | +36.8% |
| Equity | 10/15 | €4,221 | €14,985 | +€10,764 | +255.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €10,764 | +€10,764 | |
| Distributable reserves | 133 | - | €10,764 | +€10,764 | |
| Profit (loss) carried forward | 14 | €1,221 | €1,221 | +€0 | 0.0% |
| Amounts payable | 17/49 | €95,108 | €120,863 | +€25,756 | +27.1% |
| Amounts payable after more than one year | 17 | €63,000 | €57,000 | -€6,000 | -9.5% |
| Financial debts | 170/4 | €63,000 | €57,000 | -€6,000 | -9.5% |
| Amounts payable within one year | 42/48 | €32,108 | €63,319 | +€31,212 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €6,581 | €20,258 | +€13,677 | +207.8% |
| Suppliers | 440/4 | €6,581 | €20,258 | +€13,677 | +207.8% |
| Taxes, remuneration and social security | 45 | €18,248 | €29,561 | +€11,313 | +62.0% |
| Taxes | 450/3 | €12,407 | €16,954 | +€4,548 | +36.7% |
| Remuneration and social security | 454/9 | €5,841 | €12,606 | +€6,766 | +115.8% |
| Other amounts payable | 47/48 | €1,279 | €7,501 | +€6,222 | +486.6% |
| Accrued charges and deferred income | 492/3 | - | €544 | +€544 | |
| Remuneration, social security and pensions | 62 | €109,881 | €123,632 | +€13,751 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,158 | €10,548 | +€5,389 | +104.5% |
| Other operating charges | 640/8 | €1,127 | €1,414 | +€287 | +25.5% |
| Gross operating margin | 9900 | €117,447 | €149,772 | +€32,325 | +27.5% |
| Operating profit (loss) | 9901 | €1,280 | €14,178 | +€12,898 | +1007.5% |
| Financial income | 75/76B | €504 | €865 | +€361 | +71.7% |
| Recurring financial income | 75 | €504 | €865 | +€361 | +71.7% |
| Financial charges | 65/66B | €563 | €657 | +€95 | +16.8% |
| Recurring financial charges | 65 | €563 | €657 | +€95 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €1,221 | €14,386 | +€13,165 | +1078.1% |
| Income taxes | 67/77 | - | €3,622 | +€3,622 | |
| Profit (loss) for the period | 9904 | €1,221 | €10,764 | +€9,543 | +781.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,221 | €10,764 | +€9,543 | +781.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.