La Ruche boraine: what changed
La Ruche boraine
Largest movements
- Tangible fixed assets -€6,917
down €6,917 (-21.6%), from €31,968 to €25,051
of which Plant, machinery and equipment: -€6,108
- Cash -€1,941
down €1,941 (-97.5%), from €1,990 to €49
mainly Debts after one year (-€8,305) and Trade debts (-€1,251)
- Deferred charges and accrued income -€979
down €979 (-54.6%), from €1,795 to €816
- Receivables within one year -€538
down €538 (-5.5%), from €9,834 to €9,296
of which Other amounts receivable: -€538
- Debts after one year -€8,305
down €8,305 (-30.1%), from €27,591 to €19,286
of which Financial debts: -€8,305
- Trade debts -€1,251
down €1,251 (-27.5%), from €4,551 to €3,300
- Profit (loss) carried forward -€1,018
down €1,018 (-0.6%), from -€157,927 to -€158,945
- Tax, wage and social debts -€538
down €538 (-92.3%), from €583 to €45
- Other debts +€500
up €500 (+0.7%), from €75,275 to €75,775
- Gross operating margin +€6,298
up €6,298 (+139%), from €4,532 to €10,830
- Other operating charges -€683
down €683 (-13.4%), from €5,106 to €4,424
- Financial charges -€297
down €297 (-36.9%), from €805 to €508
- Depreciation -€146
down €146 (-2.1%), from €7,063 to €6,917
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 | €45,587 | €35,212 | -€10,375 | -22.8% |
| Fixed assets | 21/28 | €31,968 | €25,051 | -€6,917 | -21.6% |
| Tangible fixed assets | 22/27 | €31,968 | €25,051 | -€6,917 | -21.6% |
| Land and buildings | 22 | €4,752 | €3,943 | -€809 | -17.0% |
| Plant, machinery and equipment | 23 | €27,216 | €21,108 | -€6,108 | -22.4% |
| Current assets | 29/58 | €13,620 | €10,161 | -€3,459 | -25.4% |
| Amounts receivable within one year | 40/41 | €9,834 | €9,296 | -€538 | -5.5% |
| Trade receivables | 40 | €9,251 | €9,251 | = | 0.0% |
| Other amounts receivable | 41 | €583 | €45 | -€538 | -92.3% |
| Cash at bank and in hand | 54/58 | €1,990 | €49 | -€1,941 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,795 | €816 | -€979 | -54.6% |
| Total equity and liabilities | 10/49 | €45,587 | €35,212 | -€10,375 | -22.8% |
| Equity | 10/15 | -€71,184 | -€72,202 | -€1,018 | -1.4% |
| Contributions | 10/11 | €67,553 | €67,553 | = | 0.0% |
| Reserves | 13 | €19,190 | €19,190 | = | 0.0% |
| Distributable reserves | 133 | €19,190 | €19,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,927 | -€158,945 | -€1,018 | -0.6% |
| Amounts payable | 17/49 | €116,771 | €107,414 | -€9,357 | -8.0% |
| Amounts payable after more than one year | 17 | €27,591 | €19,286 | -€8,305 | -30.1% |
| Financial debts | 170/4 | €8,305 | - | -€8,305 | |
| Other amounts payable | 178/9 | €19,286 | €19,286 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,477 | €87,425 | -€1,053 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €8,068 | €8,305 | +€237 | +2.9% |
| Trade debts | 44 | €4,551 | €3,300 | -€1,251 | -27.5% |
| Suppliers | 440/4 | €4,551 | €3,300 | -€1,251 | -27.5% |
| Taxes, remuneration and social security | 45 | €583 | €45 | -€538 | -92.3% |
| Taxes | 450/3 | €583 | €45 | -€538 | -92.3% |
| Other amounts payable | 47/48 | €75,275 | €75,775 | +€500 | +0.7% |
| Accrued charges and deferred income | 492/3 | €703 | €703 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,063 | €6,917 | -€146 | -2.1% |
| Other operating charges | 640/8 | €5,106 | €4,424 | -€683 | -13.4% |
| Gross operating margin | 9900 | €4,532 | €10,830 | +€6,298 | +139% |
| Operating profit (loss) | 9901 | -€7,637 | -€510 | +€7,127 | +93.3% |
| Financial charges | 65/66B | €805 | €508 | -€297 | -36.9% |
| Recurring financial charges | 65 | €805 | €508 | -€297 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,442 | -€1,018 | +€7,424 | +87.9% |
| Profit (loss) for the period | 9904 | -€8,442 | -€1,018 | +€7,424 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,442 | -€1,018 | +€7,424 | +87.9% |
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 2 November 2026 via checked.be.