RUAMEL: 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.
RUAMEL
Largest movements
- Receivables within one year -€8,117
down €8,117 (-44.1%), from €18,413 to €10,296
of which Other amounts receivable: -€7,386
- Cash -€2,184
down €2,184 (-1.2%), from €188,777 to €186,594
mainly Tax, wage and social debts (-€10,448) and Trade debts (-€501)
- Tax, wage and social debts -€10,448
down €10,448 (-88.1%), from €11,862 to €1,414
- Gross operating margin -€33,715
down €33,715 (-95.4%), from €35,354 to €1,639
- Taxes -€11,286
down €11,286 (-95.6%), from €11,810 to €524
- Depreciation -€384
down €384 (-61.9%), from €620 to €236
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.
Cash bridge derived
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 | €207,471 | €197,008 | -€10,463 | -5.0% |
| Fixed assets | 21/28 | €236 | - | -€236 | |
| Tangible fixed assets | 22/27 | €236 | - | -€236 | |
| Furniture and vehicles | 24 | €236 | - | -€236 | |
| Current assets | 29/58 | €207,235 | €197,008 | -€10,227 | -4.9% |
| Amounts receivable within one year | 40/41 | €18,413 | €10,296 | -€8,117 | -44.1% |
| Trade receivables | 40 | €8,892 | €8,161 | -€731 | -8.2% |
| Other amounts receivable | 41 | €9,521 | €2,135 | -€7,386 | -77.6% |
| Cash at bank and in hand | 54/58 | €188,777 | €186,594 | -€2,184 | -1.2% |
| Deferred charges and accrued income | 490/1 | €45 | €118 | +€73 | +162.4% |
| Total equity and liabilities | 10/49 | €207,471 | €197,008 | -€10,463 | -5.0% |
| Equity | 10/15 | €194,314 | €194,737 | +€423 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,913 | €64,335 | +€423 | +0.7% |
| Distributable reserves | 133 | €63,913 | €64,335 | +€423 | +0.7% |
| Profit (loss) carried forward | 14 | €118,001 | €118,001 | = | 0.0% |
| Amounts payable | 17/49 | €13,157 | €2,271 | -€10,886 | -82.7% |
| Amounts payable within one year | 42/48 | €13,157 | €2,271 | -€10,886 | -82.7% |
| Financial debts | 43 | - | €63 | +€63 | |
| Credit institutions | 430/8 | - | €63 | +€63 | |
| Trade debts | 44 | €1,295 | €794 | -€501 | -38.7% |
| Suppliers | 440/4 | €1,295 | €794 | -€501 | -38.7% |
| Taxes, remuneration and social security | 45 | €11,862 | €1,414 | -€10,448 | -88.1% |
| Taxes | 450/3 | €11,862 | €1,414 | -€10,448 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €236 | -€384 | -61.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €35,354 | €1,639 | -€33,715 | -95.4% |
| Operating profit (loss) | 9901 | €34,347 | €1,004 | -€33,344 | -97.1% |
| Financial income | 75/76B | €155 | €77 | -€79 | -50.7% |
| Recurring financial income | 75 | €155 | €77 | -€79 | -50.7% |
| Financial charges | 65/66B | €117 | €134 | +€17 | +14.4% |
| Recurring financial charges | 65 | €117 | €134 | +€17 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €34,386 | €946 | -€33,440 | -97.2% |
| Income taxes | 67/77 | €11,810 | €524 | -€11,286 | -95.6% |
| Profit (loss) for the period | 9904 | €22,576 | €423 | -€22,153 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,576 | €423 | -€22,153 | -98.1% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.