RUCADIS: 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.
RUCADIS
Largest movements
- Tangible fixed assets -€27,116
down €27,116 (-15.1%), from €179,113 to €151,997
of which Plant, machinery and equipment: -€14,689
- Receivables within one year +€21,734
up €21,734 (+10.7%), from €202,768 to €224,502
of which Other amounts receivable: +€22,313
- Cash +€14,328
up €14,328 (+11.6%), from €123,279 to €137,607
mainly Depreciation (+€27,116) and Net result for the year (+€25,941)
- Stocks and contracts -€10,223
down €10,223 (-7.6%), from €135,120 to €124,897
- Trade debts +€12,089
up €12,089 (+14.6%), from €82,543 to €94,632
- Debts after one year -€7,800
down €7,800 (-57.1%), from €13,650 to €5,850
- Reserves -€7,225
down €7,225 (-1.7%), from €427,192 to €419,967
- Other debts +€6,808
up €6,808 (+29.7%), from €22,920 to €29,728
- Staff costs -€31,905
down €31,905 (-8.9%), from €358,299 to €326,394
- Gross operating margin -€10,394
down €10,394 (-2.6%), from €403,531 to €393,137
- Other operating charges +€7,754
up €7,754 (+738%), from €1,051 to €8,805
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 | €665,806 | €664,529 | -€1,277 | -0.2% |
| Fixed assets | 21/28 | €204,638 | €177,522 | -€27,116 | -13.3% |
| Tangible fixed assets | 22/27 | €179,113 | €151,997 | -€27,116 | -15.1% |
| Land and buildings | 22 | €127,618 | €116,775 | -€10,843 | -8.5% |
| Plant, machinery and equipment | 23 | €49,911 | €35,222 | -€14,689 | -29.4% |
| Furniture and vehicles | 24 | €1,585 | €0 | -€1,585 | -100% |
| Financial fixed assets | 28 | €25,525 | €25,525 | = | 0.0% |
| Current assets | 29/58 | €461,167 | €487,007 | +€25,839 | +5.6% |
| Stocks and contracts in progress | 3 | €135,120 | €124,897 | -€10,223 | -7.6% |
| Stocks | 30/36 | €135,120 | €124,897 | -€10,223 | -7.6% |
| Amounts receivable within one year | 40/41 | €202,768 | €224,502 | +€21,734 | +10.7% |
| Trade receivables | 40 | €1,119 | €540 | -€579 | -51.8% |
| Other amounts receivable | 41 | €201,649 | €223,963 | +€22,313 | +11.1% |
| Cash at bank and in hand | 54/58 | €123,279 | €137,607 | +€14,328 | +11.6% |
| Total equity and liabilities | 10/49 | €665,806 | €664,529 | -€1,277 | -0.2% |
| Equity | 10/15 | €445,792 | €438,567 | -€7,225 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,192 | €419,967 | -€7,225 | -1.7% |
| Distributable reserves | 133 | €427,192 | €419,967 | -€7,225 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,014 | €225,962 | +€5,948 | +2.7% |
| Amounts payable after more than one year | 17 | €13,650 | €5,850 | -€7,800 | -57.1% |
| Financial debts | 170/4 | €13,650 | €5,850 | -€7,800 | -57.1% |
| Amounts payable within one year | 42/48 | €185,325 | €205,313 | +€19,988 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €7,800 | €7,800 | = | 0.0% |
| Trade debts | 44 | €82,543 | €94,632 | +€12,089 | +14.6% |
| Suppliers | 440/4 | €82,543 | €94,632 | +€12,089 | +14.6% |
| Taxes, remuneration and social security | 45 | €72,062 | €73,153 | +€1,091 | +1.5% |
| Taxes | 450/3 | €1,303 | €7,161 | +€5,858 | +450% |
| Remuneration and social security | 454/9 | €70,760 | €65,992 | -€4,767 | -6.7% |
| Other amounts payable | 47/48 | €22,920 | €29,728 | +€6,808 | +29.7% |
| Accrued charges and deferred income | 492/3 | €21,039 | €14,799 | -€6,240 | -29.7% |
| Remuneration, social security and pensions | 62 | €358,299 | €326,394 | -€31,905 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,521 | €27,116 | +€595 | +2.2% |
| Other operating charges | 640/8 | €1,051 | €8,805 | +€7,754 | +738% |
| Gross operating margin | 9900 | €403,531 | €393,137 | -€10,394 | -2.6% |
| Operating profit (loss) | 9901 | €17,660 | €30,821 | +€13,162 | +74.5% |
| Financial income | 75/76B | €11,148 | €11,378 | +€230 | +2.1% |
| Recurring financial income | 75 | €11,148 | €11,378 | +€230 | +2.1% |
| Financial charges | 65/66B | €3,693 | €5,756 | +€2,063 | +55.9% |
| Recurring financial charges | 65 | €3,693 | €5,756 | +€2,063 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €25,115 | €36,443 | +€11,328 | +45.1% |
| Income taxes | 67/77 | €7,557 | €10,502 | +€2,945 | +39.0% |
| Profit (loss) for the period | 9904 | €17,558 | €25,941 | +€8,383 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,558 | €25,941 | +€8,383 | +47.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.