Le Rucher: 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.
What changed
Le Rucher
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€193,735
2024 · €34,160-€227,894
Equity
€8.8m
2024 · €9.0m-€252,245
Cash
€6.8m
2024 · €4.3m+€2.6m
Balance sheet total
€18.5m
2024 · €17.2m+€1.2m
Largest movements
Assets
- Cash +€2.6m
up €2.6m (+59.9%), from €4.3m to €6.8m
mainly Debts within one year (+€1.9m) and Current investments (+€992,843)
- Current investments -€992,843
down €992,843 (-22.1%), from €4.5m to €3.5m
- Tangible fixed assets -€276,279
down €276,279 (-3.6%), from €7.6m to €7.4m
of which Land and buildings: -€240,951
Equity and liabilities
- Debts within one year +€1.9m
up €1.9m (+32.8%), from €5.9m to €7.8m
- Debts after one year -€378,318
down €378,318 (-24.4%), from €1.5m to €1.2m
- Profit (loss) carried forward -€193,735
down €193,735 (-2.7%), from €7.1m to €6.9m
Income statement
- Turnover -€542,849
down €542,849 (-12.6%), from €4.3m to €3.7m
- Goods and materials -€147,426
down €147,426 (-57.8%), from €255,126 to €107,700
of which Purchases: -€119,643
- Services and other goods -€123,591
down €123,591 (-9.4%), from €1.3m to €1.2m
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.
Result 2024
€34,160
Turnover
-€542,849
Other operating income
-€10,464
Goods and materials
+€147,426
Services and other goods
+€123,591
Staff costs
-€14,835
Depreciation
+€11,978
Write-downs
+€40,339
Other operating charges
-€9,410
Other operating items
+€16,079
Financial income
+€3,112
Financial charges
+€19,532
Taxes
-€12,393
Result 2025
-€193,735
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.
From operations
+€2.2m
Investment
+€838,215
Financing
-€436,829
Cash 2024
€4.3m
From operations (derived)
+€2.2m
Net result for the year
-€193,735
Depreciation
+€415,236
Smaller working-capital items
+€4,835
Receivables within one year
+€66,041
Provisions
-€59,945
Debts within one year
+€1.9m
Investment (derived)
+€838,215
Investment in fixed assets (net)
-€154,629
Current investments
+€992,843
Financing
-€436,829
Debts after one year
-€378,318
Contributions, distributions and other
-€58,511
Cash 2025
€6.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,228,721 | €18,458,394 | +€1.2m | +7.1% |
| Fixed assets | 21/28 | €7,642,940 | €7,382,332 | -€260,608 | -3.4% |
| Intangible fixed assets | 21 | - | €15,671 | +€15,671 | |
| Tangible fixed assets | 22/27 | €7,641,410 | €7,365,131 | -€276,279 | -3.6% |
| Land and buildings | 22 | €6,881,714 | €6,640,763 | -€240,951 | -3.5% |
| Plant, machinery and equipment | 23 | €730,814 | €700,792 | -€30,022 | -4.1% |
| Furniture and vehicles | 24 | €28,882 | €23,575 | -€5,306 | -18.4% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,530 | €1,530 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €9,585,781 | €11,076,061 | +€1.5m | +15.5% |
| Stocks and contracts in progress | 3 | €43,604 | €38,932 | -€4,672 | -10.7% |
| Stocks | 30/36 | €43,604 | €38,932 | -€4,672 | -10.7% |
| Raw materials and consumables | 30/31 | €43,604 | €38,932 | -€4,672 | -10.7% |
| Amounts receivable within one year | 40/41 | €714,896 | €648,855 | -€66,041 | -9.2% |
| Trade receivables | 40 | €618,058 | €558,721 | -€59,338 | -9.6% |
| Other amounts receivable | 41 | €96,838 | €90,135 | -€6,703 | -6.9% |
| Current investments | 50/53 | €4,500,000 | €3,507,157 | -€992,843 | -22.1% |
| Cash at bank and in hand | 54/58 | €4,272,326 | €6,830,743 | +€2.6m | +59.9% |
| Deferred charges and accrued income | 490/1 | €54,955 | €50,374 | -€4,580 | -8.3% |
| Total equity and liabilities | 10/49 | €17,228,721 | €18,458,394 | +€1.2m | +7.1% |
| Equity | 10/15 | €9,039,068 | €8,786,823 | -€252,245 | -2.8% |
| Reserves | 13 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,136,904 | €6,943,169 | -€193,735 | -2.7% |
| Investment grants | 15 | €1,002,165 | €943,654 | -€58,511 | -5.8% |
| Provisions and deferred taxes | 16 | €735,832 | €675,887 | -€59,945 | -8.1% |
| Provisions for liabilities and charges | 160/5 | €735,832 | €675,887 | -€59,945 | -8.1% |
| Major repairs and maintenance | 162 | €592,048 | €532,103 | -€59,945 | -10.1% |
| Other liabilities and charges | 164/5 | €143,784 | €143,784 | = | 0.0% |
| Amounts payable | 17/49 | €7,453,821 | €8,995,684 | +€1.5m | +20.7% |
| Amounts payable after more than one year | 17 | €1,548,366 | €1,170,047 | -€378,318 | -24.4% |
| Financial debts | 170/4 | €1,548,366 | €1,170,047 | -€378,318 | -24.4% |
| Credit institutions | 173 | €1,548,366 | €1,170,047 | -€378,318 | -24.4% |
| Amounts payable within one year | 42/48 | €5,875,196 | €7,799,795 | +€1.9m | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €460,919 | €378,318 | -€82,601 | -17.9% |
| Trade debts | 44 | €279,483 | €270,301 | -€9,183 | -3.3% |
| Suppliers | 440/4 | €279,483 | €270,301 | -€9,183 | -3.3% |
| Taxes, remuneration and social security | 45 | €1,071,449 | €1,205,063 | +€133,615 | +12.5% |
| Taxes | 450/3 | €125,575 | €152,984 | +€27,409 | +21.8% |
| Remuneration and social security | 454/9 | €945,874 | €1,052,079 | +€106,205 | +11.2% |
| Accrued charges and deferred income | 492/3 | €30,260 | €25,842 | -€4,418 | -14.6% |
| Operating income | 70/76A | €9,491,204 | €8,927,460 | -€563,744 | -5.9% |
| Turnover | 70 | €4,292,711 | €3,749,862 | -€542,849 | -12.6% |
| Own construction capitalised | 72 | €4,722 | - | -€4,722 | |
| Membership fees, donations, legacies and grants | 73 | €5,111,082 | €5,103,262 | -€7,821 | -0.2% |
| Other operating income | 74 | €80,688 | €70,224 | -€10,464 | -13.0% |
| Non-recurring operating income | 76A | €2,000 | €4,111 | +€2,111 | +105.6% |
| Operating charges | 60/66A | €9,569,250 | €9,243,651 | -€325,599 | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €255,126 | €107,700 | -€147,426 | -57.8% |
| Purchases | 600/8 | €222,670 | €103,027 | -€119,643 | -53.7% |
| Change in stocks: decrease (increase) | 609 | €32,456 | €4,672 | -€27,783 | -85.6% |
| Services and other goods | 61 | €1,317,956 | €1,194,365 | -€123,591 | -9.4% |
| Remuneration, social security and pensions | 62 | €7,464,803 | €7,479,638 | +€14,835 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427,214 | €415,236 | -€11,978 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,339 | - | -€40,339 | |
| Other operating charges | 640/8 | €34,957 | €44,367 | +€9,410 | +26.9% |
| Non-recurring operating charges | 66A | €1,182 | €62,289 | +€61,107 | +5170.0% |
| Operating profit (loss) | 9901 | -€78,046 | -€316,191 | -€238,145 | -305.1% |
| Financial income | 75/76B | €224,243 | €227,355 | +€3,112 | +1.4% |
| Recurring financial income | 75 | €224,243 | €227,355 | +€3,112 | +1.4% |
| Income from current assets | 751 | €165,708 | €168,718 | +€3,010 | +1.8% |
| Other financial income | 752/9 | €58,535 | €58,637 | +€102 | +0.2% |
| Financial charges | 65/66B | €71,966 | €52,434 | -€19,532 | -27.1% |
| Recurring financial charges | 65 | €71,966 | €52,434 | -€19,532 | -27.1% |
| Debt charges | 650 | €69,500 | €51,120 | -€18,380 | -26.4% |
| Other financial charges | 652/9 | €2,466 | €1,314 | -€1,152 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €74,231 | -€141,271 | -€215,502 | |
| Income taxes | 67/77 | €40,071 | €52,464 | +€12,393 | +30.9% |
| Taxes | 670/3 | €40,071 | €52,464 | +€12,393 | +30.9% |
| Profit (loss) for the period | 9904 | €34,160 | -€193,735 | -€227,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,160 | -€193,735 | -€227,894 |
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.