Ruco: 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.
Ruco
Largest movements
- Receivables within one year -€57,347
down €57,347 (-11.4%), from €501,937 to €444,590
of which Trade receivables: -€52,303
- Tangible fixed assets -€36,676
down €36,676 (-24.6%), from €149,129 to €112,453
of which Plant, machinery and equipment: -€21,108
- Cash +€11,748
up €11,748 (+60.2%), from €19,499 to €31,247
mainly Receivables within one year (+€57,347) and Net result for the year (+€56,297)
- Trade debts -€67,147
down €67,147 (-69.5%), from €96,616 to €29,469
- Other debts -€61,883
down €61,883 (-76.2%), from €81,163 to €19,279
- Reserves +€56,297
up €56,297 (+2482.7%), from €2,268 to €58,565
of which Distributable reserves: +€56,297
- Accrued charges and deferred income +€36,668
up €36,668 (+338.0%), from €10,849 to €47,516
- Debts after one year -€34,902
down €34,902 (-54.6%), from €63,886 to €28,984
- Gross operating margin -€97,596
down €97,596 (-16.6%), from €587,679 to €490,083
- Staff costs -€40,473
down €40,473 (-10.6%), from €382,344 to €341,871
- Financial charges +€12,694
up €12,694 (+91.4%), from €13,888 to €26,581
- Taxes -€10,693
down €10,693 (-27.5%), from €38,824 to €28,131
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 | €742,051 | €661,543 | -€80,509 | -10.8% |
| Fixed assets | 21/28 | €149,753 | €113,077 | -€36,676 | -24.5% |
| Tangible fixed assets | 22/27 | €149,129 | €112,453 | -€36,676 | -24.6% |
| Plant, machinery and equipment | 23 | €114,518 | €93,410 | -€21,108 | -18.4% |
| Furniture and vehicles | 24 | €34,611 | €19,043 | -€15,568 | -45.0% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €592,298 | €548,465 | -€43,833 | -7.4% |
| Stocks and contracts in progress | 3 | €69,796 | €70,657 | +€861 | +1.2% |
| Stocks | 30/36 | €69,796 | €70,657 | +€861 | +1.2% |
| Amounts receivable within one year | 40/41 | €501,937 | €444,590 | -€57,347 | -11.4% |
| Trade receivables | 40 | €54,101 | €1,797 | -€52,303 | -96.7% |
| Other amounts receivable | 41 | €447,836 | €442,793 | -€5,044 | -1.1% |
| Cash at bank and in hand | 54/58 | €19,499 | €31,247 | +€11,748 | +60.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,971 | +€905 | +84.9% |
| Total equity and liabilities | 10/49 | €742,051 | €661,543 | -€80,509 | -10.8% |
| Equity | 10/15 | €353,836 | €410,133 | +€56,297 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,268 | €58,565 | +€56,297 | +2482.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,268 | €58,565 | +€56,297 | +2482.7% |
| Profit (loss) carried forward | 14 | €332,976 | €332,976 | = | 0.0% |
| Amounts payable | 17/49 | €388,216 | €251,410 | -€136,806 | -35.2% |
| Amounts payable after more than one year | 17 | €63,886 | €28,984 | -€34,902 | -54.6% |
| Financial debts | 170/4 | €63,886 | €28,984 | -€34,902 | -54.6% |
| Amounts payable within one year | 42/48 | €313,481 | €174,910 | -€138,571 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €51,723 | €34,902 | -€16,821 | -32.5% |
| Trade debts | 44 | €96,616 | €29,469 | -€67,147 | -69.5% |
| Suppliers | 440/4 | €96,616 | €29,469 | -€67,147 | -69.5% |
| Taxes, remuneration and social security | 45 | €83,979 | €91,259 | +€7,281 | +8.7% |
| Taxes | 450/3 | €40,130 | €51,207 | +€11,078 | +27.6% |
| Remuneration and social security | 454/9 | €43,849 | €40,052 | -€3,797 | -8.7% |
| Other amounts payable | 47/48 | €81,163 | €19,279 | -€61,883 | -76.2% |
| Accrued charges and deferred income | 492/3 | €10,849 | €47,516 | +€36,668 | +338.0% |
| Non-recurring operating income | 76A | €38,623 | €0 | -€38,623 | -100.0% |
| Remuneration, social security and pensions | 62 | €382,344 | €341,871 | -€40,473 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,332 | €46,012 | +€1,680 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,334 | €7,593 | -€1,741 | -18.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €587,679 | €490,083 | -€97,596 | -16.6% |
| Operating profit (loss) | 9901 | €151,668 | €94,606 | -€57,062 | -37.6% |
| Financial income | 75/76B | €12,211 | €16,404 | +€4,193 | +34.3% |
| Recurring financial income | 75 | €12,211 | €16,404 | +€4,193 | +34.3% |
| Financial charges | 65/66B | €13,888 | €26,581 | +€12,694 | +91.4% |
| Recurring financial charges | 65 | €13,888 | €26,581 | +€12,694 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €149,991 | €84,429 | -€65,563 | -43.7% |
| Income taxes | 67/77 | €38,824 | €28,131 | -€10,693 | -27.5% |
| Profit (loss) for the period | 9904 | €111,167 | €56,297 | -€54,870 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,167 | €56,297 | -€54,870 | -49.4% |
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 9 October 2026 via checked.be.