RUCALO: 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.
RUCALO
Largest movements
- Receivables within one year -€480,709
down €480,709 (-91.1%), from €527,673 to €46,964
of which Other amounts receivable: -€509,845
- Tangible fixed assets +€77,335
up €77,335 (+6.2%), from €1.3m to €1.3m
of which Leasing and similar rights: +€56,936
- Short-term financial debts -€500,000
down €500,000 (-100%), from €500,000 to €0
- Other debts +€82,445
up €82,445 (+9.0%), from €915,764 to €998,209
- Profit (loss) carried forward -€38,454
down €38,454 (-7.6%), from -€507,461 to -€545,915
- Trade debts +€21,702
up €21,702 (+80.7%), from €26,893 to €48,595
- Gross operating margin -€14,364
down €14,364 (-36.0%), from €39,918 to €25,554
- Depreciation +€10,409
up €10,409 (+29.8%), from €34,924 to €45,334
- Other operating charges +€2,734
up €2,734 (+74.9%), from €3,649 to €6,382
- Financial income -€885
down €885 (-78.0%), from €1,134 to €249
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 | €1,804,627 | €1,391,264 | -€413,363 | -22.9% |
| Fixed assets | 21/28 | €1,254,904 | €1,332,238 | +€77,335 | +6.2% |
| Tangible fixed assets | 22/27 | €1,254,904 | €1,332,238 | +€77,335 | +6.2% |
| Land and buildings | 22 | €1,253,000 | €1,255,984 | +€2,984 | +0.2% |
| Plant, machinery and equipment | 23 | €22 | €0 | -€22 | -100% |
| Furniture and vehicles | 24 | €1,882 | €19,318 | +€17,436 | +927% |
| Leasing and similar rights | 25 | - | €56,936 | +€56,936 | |
| Current assets | 29/58 | €549,723 | €59,026 | -€490,697 | -89.3% |
| Stocks and contracts in progress | 3 | €4,169 | €0 | -€4,169 | -100% |
| Stocks | 30/36 | €4,169 | €0 | -€4,169 | -100% |
| Amounts receivable within one year | 40/41 | €527,673 | €46,964 | -€480,709 | -91.1% |
| Trade receivables | 40 | €11,420 | €40,556 | +€29,136 | +255% |
| Other amounts receivable | 41 | €516,253 | €6,408 | -€509,845 | -98.8% |
| Cash at bank and in hand | 54/58 | €15,312 | €10,115 | -€5,198 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,569 | €1,947 | -€622 | -24.2% |
| Total equity and liabilities | 10/49 | €1,804,627 | €1,391,264 | -€413,363 | -22.9% |
| Equity | 10/15 | €184,765 | €146,310 | -€38,454 | -20.8% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Revaluation surpluses | 12 | €486,081 | €483,410 | -€2,671 | -0.5% |
| Reserves | 13 | €16,145 | €18,816 | +€2,671 | +16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,145 | €18,816 | +€2,671 | +16.5% |
| Profit (loss) carried forward | 14 | -€507,461 | -€545,915 | -€38,454 | -7.6% |
| Amounts payable | 17/49 | €1,619,862 | €1,244,953 | -€374,909 | -23.1% |
| Amounts payable after more than one year | 17 | €127,891 | €141,314 | +€13,423 | +10.5% |
| Financial debts | 170/4 | €127,891 | €141,314 | +€13,423 | +10.5% |
| Amounts payable within one year | 42/48 | €1,488,021 | €1,099,942 | -€388,079 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €31,887 | €43,396 | +€11,510 | +36.1% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100% |
| Other loans | 439 | €500,000 | €0 | -€500,000 | -100% |
| Trade debts | 44 | €26,893 | €48,595 | +€21,702 | +80.7% |
| Suppliers | 440/4 | €26,893 | €48,595 | +€21,702 | +80.7% |
| Taxes, remuneration and social security | 45 | €13,477 | €9,741 | -€3,737 | -27.7% |
| Taxes | 450/3 | €13,477 | €9,741 | -€3,737 | -27.7% |
| Other amounts payable | 47/48 | €915,764 | €998,209 | +€82,445 | +9.0% |
| Accrued charges and deferred income | 492/3 | €3,950 | €3,698 | -€252 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,924 | €45,334 | +€10,409 | +29.8% |
| Other operating charges | 640/8 | €3,649 | €6,382 | +€2,734 | +74.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €39,918 | €25,554 | -€14,364 | -36.0% |
| Operating profit (loss) | 9901 | €1,345 | -€26,162 | -€27,507 | |
| Financial income | 75/76B | €1,134 | €249 | -€885 | -78.0% |
| Recurring financial income | 75 | €1,134 | €249 | -€885 | -78.0% |
| Financial charges | 65/66B | €12,240 | €11,894 | -€346 | -2.8% |
| Recurring financial charges | 65 | €12,240 | €11,894 | -€346 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,761 | -€37,807 | -€28,046 | -287% |
| Income taxes | 67/77 | €617 | €647 | +€30 | +4.9% |
| Profit (loss) for the period | 9904 | -€10,378 | -€38,454 | -€28,076 | -271% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,378 | -€38,454 | -€28,076 | -271% |
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 19 October 2026 via checked.be.