Notaire Vincent RUFFALDI: 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.
Notaire Vincent RUFFALDI
Largest movements
- Cash +€305,680
up €305,680 (+119%), from €257,498 to €563,179
mainly Net result for the year (+€353,220) and Other debts (+€254,909)
- Intangible fixed assets -€92,900
down €92,900 (-27.3%), from €340,633 to €247,733
- Tangible fixed assets -€19,459
down €19,459 (-26.8%), from €72,737 to €53,278
of which Furniture and vehicles: -€18,367
- Other debts +€254,909
up €254,909 (+295%), from €86,435 to €341,344
- Debts after one year -€109,411
down €109,411 (-39.3%), from €278,478 to €169,067
- Tax, wage and social debts +€37,429
up €37,429 (+24.9%), from €150,411 to €187,840
of which Taxes: +€36,228
- Gross operating margin +€178,319
up €178,319 (+19.8%), from €899,024 to €1.1m
- Staff costs -€60,101
down €60,101 (-11.1%), from €541,889 to €481,788
- Taxes +€50,550
up €50,550 (+72.3%), from €69,888 to €120,438
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,549 | €962,549 | +€187,000 | +24.1% |
| Fixed assets | 21/28 | €413,370 | €301,012 | -€112,359 | -27.2% |
| Intangible fixed assets | 21 | €340,633 | €247,733 | -€92,900 | -27.3% |
| Tangible fixed assets | 22/27 | €72,737 | €53,278 | -€19,459 | -26.8% |
| Plant, machinery and equipment | 23 | €1,806 | €743 | -€1,063 | -58.8% |
| Furniture and vehicles | 24 | €51,924 | €33,558 | -€18,367 | -35.4% |
| Other tangible fixed assets | 26 | €19,006 | €18,977 | -€29 | -0.2% |
| Current assets | 29/58 | €362,179 | €661,538 | +€299,359 | +82.7% |
| Amounts receivable within one year | 40/41 | €70,247 | €62,148 | -€8,099 | -11.5% |
| Trade receivables | 40 | €60,018 | €60,183 | +€165 | +0.3% |
| Other amounts receivable | 41 | €10,229 | €1,965 | -€8,264 | -80.8% |
| Cash at bank and in hand | 54/58 | €257,498 | €563,179 | +€305,680 | +119% |
| Deferred charges and accrued income | 490/1 | €34,434 | €36,211 | +€1,778 | +5.2% |
| Total equity and liabilities | 10/49 | €775,549 | €962,549 | +€187,000 | +24.1% |
| Equity | 10/15 | €120,065 | €119,285 | -€780 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,465 | €685 | -€780 | -53.2% |
| Amounts payable | 17/49 | €655,484 | €843,264 | +€187,780 | +28.6% |
| Amounts payable after more than one year | 17 | €278,478 | €169,067 | -€109,411 | -39.3% |
| Financial debts | 170/4 | €278,478 | €169,067 | -€109,411 | -39.3% |
| Amounts payable within one year | 42/48 | €367,690 | €659,975 | +€292,286 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €108,810 | €109,411 | +€601 | +0.6% |
| Trade debts | 44 | €22,034 | €21,381 | -€653 | -3.0% |
| Suppliers | 440/4 | €22,034 | €21,381 | -€653 | -3.0% |
| Taxes, remuneration and social security | 45 | €150,411 | €187,840 | +€37,429 | +24.9% |
| Taxes | 450/3 | €73,713 | €109,941 | +€36,228 | +49.1% |
| Remuneration and social security | 454/9 | €76,698 | €77,899 | +€1,201 | +1.6% |
| Other amounts payable | 47/48 | €86,435 | €341,344 | +€254,909 | +295% |
| Accrued charges and deferred income | 492/3 | €9,317 | €14,222 | +€4,905 | +52.7% |
| Remuneration, social security and pensions | 62 | €541,889 | €481,788 | -€60,101 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,160 | €116,144 | -€1,016 | -0.9% |
| Other operating charges | 640/8 | €9,988 | €12,355 | +€2,367 | +23.7% |
| Gross operating margin | 9900 | €899,024 | €1,077,343 | +€178,319 | +19.8% |
| Operating profit (loss) | 9901 | €229,986 | €467,056 | +€237,070 | +103% |
| Financial income | 75/76B | €17,269 | €13,439 | -€3,830 | -22.2% |
| Recurring financial income | 75 | €17,269 | €13,439 | -€3,830 | -22.2% |
| Financial charges | 65/66B | €8,710 | €6,837 | -€1,874 | -21.5% |
| Recurring financial charges | 65 | €8,710 | €6,837 | -€1,874 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €238,544 | €473,658 | +€235,114 | +98.6% |
| Income taxes | 67/77 | €69,888 | €120,438 | +€50,550 | +72.3% |
| Profit (loss) for the period | 9904 | €168,656 | €353,220 | +€184,564 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €168,656 | €353,220 | +€184,564 | +109% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.