Le Ruisseau: 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.
Le Ruisseau
Largest movements
- Tangible fixed assets +€194,145
up €194,145 (+20.8%), from €934,900 to €1.1m
of which Plant, machinery and equipment: +€217,811
- Cash -€18,095
down €18,095 (-69.3%), from €26,105 to €8,011
mainly Investment in fixed assets (net) (-€231,877) and Net result for the year (-€32,475)
- Receivables within one year +€12,984
up €12,984 (+173%), from €7,500 to €20,484
of which Other amounts receivable: +€11,038
- Debts after one year +€130,164
up €130,164 (+17.2%), from €758,738 to €888,903
- Current portion of long-term debt +€52,757
new in 2025: €52,757
- Trade debts +€49,973
up €49,973 (+333%), from €15,027 to €65,000
- Profit (loss) carried forward -€32,475
down €32,475 (-50.1%), from -€64,834 to -€97,309
- Other debts -€14,670
down €14,670 (-6.1%), from €239,834 to €225,165
- Gross operating margin +€48,386
up €48,386, from -€8,330 to €40,057
- Financial charges +€12,903
up €12,903 (+62.6%), from €20,599 to €33,501
- Depreciation +€11,122
up €11,122 (+41.8%), from €26,610 to €37,732
- Other operating charges -€7,997
down €7,997 (-86.0%), from €9,295 to €1,298
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €968,766 | €1,160,216 | +€191,450 | +19.8% |
| Fixed assets | 21/28 | €934,900 | €1,129,045 | +€194,145 | +20.8% |
| Tangible fixed assets | 22/27 | €934,900 | €1,129,045 | +€194,145 | +20.8% |
| Land and buildings | 22 | €861,178 | €831,680 | -€29,499 | -3.4% |
| Plant, machinery and equipment | 23 | €73,721 | €291,533 | +€217,811 | +295% |
| Furniture and vehicles | 24 | - | €5,832 | +€5,832 | |
| Current assets | 29/58 | €33,866 | €31,171 | -€2,695 | -8.0% |
| Amounts receivable within one year | 40/41 | €7,500 | €20,484 | +€12,984 | +173% |
| Trade receivables | 40 | - | €1,946 | +€1,946 | |
| Other amounts receivable | 41 | €7,500 | €18,538 | +€11,038 | +147% |
| Cash at bank and in hand | 54/58 | €26,105 | €8,011 | -€18,095 | -69.3% |
| Deferred charges and accrued income | 490/1 | €261 | €2,677 | +€2,416 | +926% |
| Total equity and liabilities | 10/49 | €968,766 | €1,160,216 | +€191,450 | +19.8% |
| Equity | 10/15 | -€44,834 | -€77,309 | -€32,475 | -72.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,834 | -€97,309 | -€32,475 | -50.1% |
| Amounts payable | 17/49 | €1,013,600 | €1,237,525 | +€223,925 | +22.1% |
| Amounts payable after more than one year | 17 | €758,738 | €888,903 | +€130,164 | +17.2% |
| Financial debts | 170/4 | €758,738 | €888,903 | +€130,164 | +17.2% |
| Amounts payable within one year | 42/48 | €254,861 | €342,922 | +€88,060 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | - | €52,757 | +€52,757 | |
| Trade debts | 44 | €15,027 | €65,000 | +€49,973 | +333% |
| Suppliers | 440/4 | €15,027 | €65,000 | +€49,973 | +333% |
| Other amounts payable | 47/48 | €239,834 | €225,165 | -€14,670 | -6.1% |
| Accrued charges and deferred income | 492/3 | - | €5,700 | +€5,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,610 | €37,732 | +€11,122 | +41.8% |
| Other operating charges | 640/8 | €9,295 | €1,298 | -€7,997 | -86.0% |
| Gross operating margin | 9900 | -€8,330 | €40,057 | +€48,386 | |
| Operating profit (loss) | 9901 | -€44,235 | €1,027 | +€45,262 | |
| Financial charges | 65/66B | €20,599 | €33,501 | +€12,903 | +62.6% |
| Recurring financial charges | 65 | €20,599 | €33,501 | +€12,903 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€64,834 | -€32,475 | +€32,359 | +49.9% |
| Profit (loss) for the period | 9904 | -€64,834 | -€32,475 | +€32,359 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,834 | -€32,475 | +€32,359 | +49.9% |
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 23 October 2026 via checked.be.