RUAN: 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.
RUAN
Largest movements
- Financial fixed assets -€57,090
down €57,090 (-31.3%), from €182,688 to €125,598
- Cash +€5,647
up €5,647 (+130.6%), from €4,326 to €9,973
mainly Investment in fixed assets (net) (+€57,090) and Tax, wage and social debts (+€2,351)
- Receivables within one year +€2,229
up €2,229 (+24.0%), from €9,269 to €11,497
of which Trade receivables: +€2,229
- Reserves -€53,822
down €53,822 (-75.5%), from €71,273 to €17,451
of which Distributable reserves: -€53,822
- Tax, wage and social debts +€2,351
up €2,351 (+39.3%), from €5,981 to €8,332
- Financial charges +€11,290
up €11,290 (+24.5%), from €46,138 to €57,427
- Gross operating margin +€7,084
up €7,084 (+375.2%), from €1,888 to €8,972
- Taxes +€2,704
up €2,704 (+1007.0%), from €268 to €2,972
- Other operating charges +€829
up €829 (+53.0%), from €1,565 to €2,394
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,711 | €147,510 | -€49,201 | -25.0% |
| Fixed assets | 21/28 | €182,688 | €125,598 | -€57,090 | -31.3% |
| Financial fixed assets | 28 | €182,688 | €125,598 | -€57,090 | -31.3% |
| Current assets | 29/58 | €14,024 | €21,912 | +€7,889 | +56.3% |
| Amounts receivable within one year | 40/41 | €9,269 | €11,497 | +€2,229 | +24.0% |
| Trade receivables | 40 | €9,269 | €11,497 | +€2,229 | +24.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,326 | €9,973 | +€5,647 | +130.6% |
| Deferred charges and accrued income | 490/1 | €429 | €442 | +€13 | +3.0% |
| Total equity and liabilities | 10/49 | €196,711 | €147,510 | -€49,201 | -25.0% |
| Equity | 10/15 | €96,273 | €42,451 | -€53,822 | -55.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €71,273 | €17,451 | -€53,822 | -75.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €71,273 | €17,451 | -€53,822 | -75.5% |
| Amounts payable | 17/49 | €100,438 | €105,059 | +€4,621 | +4.6% |
| Amounts payable within one year | 42/48 | €100,438 | €105,059 | +€4,621 | +4.6% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Other loans | 439 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €357 | €1,040 | +€683 | +191.4% |
| Suppliers | 440/4 | €357 | €1,040 | +€683 | +191.4% |
| Taxes, remuneration and social security | 45 | €5,981 | €8,332 | +€2,351 | +39.3% |
| Taxes | 450/3 | €5,981 | €8,332 | +€2,351 | +39.3% |
| Other amounts payable | 47/48 | €14,101 | €15,688 | +€1,587 | +11.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,565 | €2,394 | +€829 | +53.0% |
| Gross operating margin | 9900 | €1,888 | €8,972 | +€7,084 | +375.2% |
| Operating profit (loss) | 9901 | €323 | €6,578 | +€6,255 | +1935.7% |
| Financial charges | 65/66B | €46,138 | €57,427 | +€11,290 | +24.5% |
| Recurring financial charges | 65 | €46,138 | €57,427 | +€11,290 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,815 | -€50,850 | -€5,035 | -11.0% |
| Income taxes | 67/77 | €268 | €2,972 | +€2,704 | +1007.0% |
| Profit (loss) for the period | 9904 | -€46,083 | -€53,822 | -€7,739 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,083 | -€53,822 | -€7,739 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.