EL RUFUS: 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.
EL RUFUS
Largest movements
- Receivables within one year -€102,419
down €102,419 (-75.4%), from €135,881 to €33,462
of which Trade receivables: -€102,215
- Cash -€79,234
down €79,234 (-70.6%), from €112,170 to €32,937
mainly Trade debts (-€100,205) and Tax, wage and social debts (-€43,956)
- Tangible fixed assets +€6,135
up €6,135 (+21.4%), from €28,700 to €34,835
of which Furniture and vehicles: +€10,524
- Trade debts -€100,205
down €100,205 (-39.0%), from €257,186 to €156,981
- Tax, wage and social debts -€43,956
down €43,956 (-62.5%), from €70,341 to €26,385
of which Taxes: -€32,690
- Profit (loss) carried forward -€29,897
down €29,897 (-54.6%), from -€54,775 to -€84,672
- Staff costs -€108,093
down €108,093 (-28.6%), from €377,819 to €269,726
- Gross operating margin -€76,021
down €76,021 (-22.8%), from €333,022 to €257,001
- Depreciation +€9,474
up €9,474 (+327.8%), from €2,890 to €12,365
- Other operating charges +€6,127
up €6,127 (+774.0%), from €792 to €6,919
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 | €276,751 | €102,693 | -€174,058 | -62.9% |
| Fixed assets | 21/28 | €28,700 | €34,835 | +€6,135 | +21.4% |
| Tangible fixed assets | 22/27 | €28,700 | €34,835 | +€6,135 | +21.4% |
| Plant, machinery and equipment | 23 | €20,553 | €16,165 | -€4,388 | -21.4% |
| Furniture and vehicles | 24 | €8,147 | €18,671 | +€10,524 | +129.2% |
| Current assets | 29/58 | €248,052 | €67,858 | -€180,193 | -72.6% |
| Amounts receivable within one year | 40/41 | €135,881 | €33,462 | -€102,419 | -75.4% |
| Trade receivables | 40 | €108,995 | €6,781 | -€102,215 | -93.8% |
| Other amounts receivable | 41 | €26,886 | €26,682 | -€204 | -0.8% |
| Cash at bank and in hand | 54/58 | €112,170 | €32,937 | -€79,234 | -70.6% |
| Deferred charges and accrued income | 490/1 | - | €1,459 | +€1,459 | |
| Total equity and liabilities | 10/49 | €276,751 | €102,693 | -€174,058 | -62.9% |
| Equity | 10/15 | -€50,775 | -€80,672 | -€29,897 | -58.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,775 | -€84,672 | -€29,897 | -54.6% |
| Amounts payable | 17/49 | €327,527 | €183,365 | -€144,161 | -44.0% |
| Amounts payable within one year | 42/48 | €327,527 | €183,365 | -€144,161 | -44.0% |
| Trade debts | 44 | €257,186 | €156,981 | -€100,205 | -39.0% |
| Suppliers | 440/4 | €257,186 | €156,981 | -€100,205 | -39.0% |
| Taxes, remuneration and social security | 45 | €70,341 | €26,385 | -€43,956 | -62.5% |
| Taxes | 450/3 | €37,586 | €4,896 | -€32,690 | -87.0% |
| Remuneration and social security | 454/9 | €32,755 | €21,489 | -€11,267 | -34.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €377,819 | €269,726 | -€108,093 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €12,365 | +€9,474 | +327.8% |
| Other operating charges | 640/8 | €792 | €6,919 | +€6,127 | +774.0% |
| Gross operating margin | 9900 | €333,022 | €257,001 | -€76,021 | -22.8% |
| Operating profit (loss) | 9901 | -€48,479 | -€32,009 | +€16,470 | +34.0% |
| Financial income | 75/76B | €234 | €2,409 | +€2,175 | +929.1% |
| Recurring financial income | 75 | €234 | €2,409 | +€2,175 | +929.1% |
| Financial charges | 65/66B | €223 | €186 | -€37 | -16.5% |
| Recurring financial charges | 65 | €223 | €186 | -€37 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,468 | -€29,786 | +€18,682 | +38.5% |
| Income taxes | 67/77 | €47 | €110 | +€63 | +132.4% |
| Profit (loss) for the period | 9904 | -€48,516 | -€29,897 | +€18,619 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,516 | -€29,897 | +€18,619 | +38.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.