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 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€16,768
2024 · -€39,013+€22,245
Equity
€450,440
2024 · €467,209-€16,768
Cash
€0
2024 · €0
Balance sheet total
€812,658
2024 · €851,972-€39,314
Largest movements
Assets
- Tangible fixed assets -€47,237
down €47,237 (-5.6%), from €838,953 to €791,716
of which Land and buildings: -€35,812
Equity and liabilities
- Debts after one year -€19,317
down €19,317 (-13.4%), from €144,690 to €125,373
- Reserves -€9,605
down €9,605 (-3.0%), from €318,290 to €308,685
Income statement
- Gross operating margin +€18,996
up €18,996 (+113%), from €16,781 to €35,776
- Depreciation -€6,597
down €6,597 (-12.3%), from €53,833 to €47,237
- Other operating charges +€3,810
up €3,810 (+388%), from €981 to €4,791
- Financial charges -€491
down €491 (-10.1%), from €4,875 to €4,383
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
-€39,013
Gross operating margin
+€18,996
Depreciation
+€6,597
Other operating charges
-€3,810
Financial income
+€7
Financial charges
+€491
Taxes
-€37
Result 2025
-€16,768
raises the resultlowers the result
Derived cash bridge
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
+€31,184
Investment
-€5,604
Financing
-€25,580
Cash 2024
€0
From operations (derived)
+€31,184
Net result for the year
-€16,768
Depreciation
+€47,237
Receivables within one year
-€2,446
Deferred charges and accrued income
+€127
Provisions
-€4,035
Trade debts
-€237
Tax, wage and social debts
+€867
Other debts
+€6,439
Investment (derived)
-€5,604
Current investments
-€5,604
Financing
-€25,580
Debts after one year
-€19,317
Current portion of long-term debt
-€4,055
Short-term financial debts
-€2,208
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €851,972 | €812,658 | -€39,314 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €838,953 | €791,716 | -€47,237 | -5.6% |
| Tangible fixed assets | 22/27 | €838,953 | €791,716 | -€47,237 | -5.6% |
| Land and buildings | 22 | €794,262 | €758,451 | -€35,812 | -4.5% |
| Plant, machinery and equipment | 23 | €42,891 | €32,258 | -€10,633 | -24.8% |
| Furniture and vehicles | 24 | €1,799 | €1,008 | -€792 | -44.0% |
| Current assets | 29/58 | €13,020 | €20,942 | +€7,922 | +60.8% |
| Amounts receivable within one year | 40/41 | €12,892 | €15,338 | +€2,446 | +19.0% |
| Trade receivables | 40 | €12,315 | €15,338 | +€3,023 | +24.5% |
| Other amounts receivable | 41 | €577 | €0 | -€577 | -100% |
| Current investments | 50/53 | - | €5,604 | +€5,604 | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €127 | €0 | -€127 | -100% |
| Total equity and liabilities | 10/49 | €851,972 | €812,658 | -€39,314 | -4.6% |
| Equity | 10/15 | €467,209 | €450,440 | -€16,768 | -3.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €318,290 | €308,685 | -€9,605 | -3.0% |
| Tax-exempt reserves | 132 | €318,290 | €308,685 | -€9,605 | -3.0% |
| Profit (loss) carried forward | 14 | €140,859 | €133,695 | -€7,163 | -5.1% |
| Provisions and deferred taxes | 16 | €133,698 | €129,664 | -€4,035 | -3.0% |
| Deferred taxes | 168 | €133,698 | €129,664 | -€4,035 | -3.0% |
| Amounts payable | 17/49 | €251,065 | €232,554 | -€18,511 | -7.4% |
| Amounts payable after more than one year | 17 | €144,690 | €125,373 | -€19,317 | -13.4% |
| Financial debts | 170/4 | €144,690 | €125,373 | -€19,317 | -13.4% |
| Amounts payable within one year | 42/48 | €106,375 | €107,181 | +€806 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €23,372 | €19,317 | -€4,055 | -17.3% |
| Financial debts | 43 | €3,625 | €1,418 | -€2,208 | -60.9% |
| Credit institutions | 430/8 | €3,625 | €1,418 | -€2,208 | -60.9% |
| Trade debts | 44 | €9,709 | €9,473 | -€237 | -2.4% |
| Suppliers | 440/4 | €9,709 | €9,473 | -€237 | -2.4% |
| Taxes, remuneration and social security | 45 | €575 | €1,442 | +€867 | +151% |
| Taxes | 450/3 | €575 | €1,442 | +€867 | +151% |
| Other amounts payable | 47/48 | €69,094 | €75,532 | +€6,439 | +9.3% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,833 | €47,237 | -€6,597 | -12.3% |
| Other operating charges | 640/8 | €981 | €4,791 | +€3,810 | +388% |
| Gross operating margin | 9900 | €16,781 | €35,776 | +€18,996 | +113% |
| Operating profit (loss) | 9901 | -€38,034 | -€16,251 | +€21,783 | +57.3% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €4,875 | €4,383 | -€491 | -10.1% |
| Recurring financial charges | 65 | €4,875 | €4,383 | -€491 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,908 | -€20,627 | +€22,281 | +51.9% |
| Transfer from deferred taxes | 780 | €4,035 | €4,035 | = | 0.0% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.3% |
| Profit (loss) for the period | 9904 | -€39,013 | -€16,768 | +€22,245 | +57.0% |
| Transfer from tax-exempt reserves | 789 | €9,605 | €9,605 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,408 | -€7,163 | +€22,245 | +75.6% |
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 19 October 2026 via checked.be.