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
- Tangible fixed assets -€101,607
down €101,607 (-4.9%), from €2.1m to €2.0m
of which Land and buildings: -€100,403
- Other debts -€210,991
down €210,991 (-13.7%), from €1.5m to €1.3m
- Reserves +€52,688
up €52,688 (+29.6%), from €177,944 to €230,632
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€30,105
up €30,105 (+271.0%), from €11,108 to €41,214
- Gross operating margin +€62,000
up €62,000 (+49.6%), from €125,050 to €187,049
- Taxes +€15,671
up €15,671 (+238.1%), from €6,580 to €22,251
- Financial income +€4,116
up €4,116 (+90.0%), from €4,573 to €8,689
- Other operating charges +€3,253
up €3,253 (+36.3%), from €8,966 to €12,219
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 | €2,308,177 | €2,183,977 | -€124,200 | -5.4% |
| Fixed assets | 21/28 | €2,080,191 | €1,978,584 | -€101,607 | -4.9% |
| Tangible fixed assets | 22/27 | €2,080,191 | €1,978,584 | -€101,607 | -4.9% |
| Land and buildings | 22 | €2,076,262 | €1,975,860 | -€100,403 | -4.8% |
| Plant, machinery and equipment | 23 | €3,928 | €2,725 | -€1,204 | -30.6% |
| Current assets | 29/58 | €227,986 | €205,393 | -€22,593 | -9.9% |
| Amounts receivable within one year | 40/41 | €223,005 | €200,685 | -€22,321 | -10.0% |
| Trade receivables | 40 | €100,213 | €91 | -€100,123 | -99.9% |
| Other amounts receivable | 41 | €122,792 | €200,594 | +€77,802 | +63.4% |
| Cash at bank and in hand | 54/58 | €1,013 | €736 | -€277 | -27.4% |
| Deferred charges and accrued income | 490/1 | €3,967 | €3,972 | +€5 | +0.1% |
| Total equity and liabilities | 10/49 | €2,308,177 | €2,183,977 | -€124,200 | -5.4% |
| Equity | 10/15 | €753,292 | €807,042 | +€53,750 | +7.1% |
| Contributions | 10/11 | €571,600 | €571,600 | = | 0.0% |
| Capital | 10 | €571,600 | €571,600 | = | 0.0% |
| Issued capital | 100 | €571,600 | €571,600 | = | 0.0% |
| Reserves | 13 | €177,944 | €230,632 | +€52,688 | +29.6% |
| Non-distributable reserves | 130/1 | €27,944 | €30,632 | +€2,688 | +9.6% |
| Legal reserve | 130 | €27,944 | €30,632 | +€2,688 | +9.6% |
| Distributable reserves | 133 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Profit (loss) carried forward | 14 | €3,748 | €4,811 | +€1,063 | +28.4% |
| Amounts payable | 17/49 | €1,554,885 | €1,376,935 | -€177,950 | -11.4% |
| Amounts payable within one year | 42/48 | €1,551,797 | €1,373,886 | -€177,910 | -11.5% |
| Trade debts | 44 | €2,220 | €5,195 | +€2,975 | +134.0% |
| Suppliers | 440/4 | €2,220 | €5,195 | +€2,975 | +134.0% |
| Taxes, remuneration and social security | 45 | €11,108 | €41,214 | +€30,105 | +271.0% |
| Taxes | 450/3 | €11,108 | €41,214 | +€30,105 | +271.0% |
| Other amounts payable | 47/48 | €1,538,469 | €1,327,478 | -€210,991 | -13.7% |
| Accrued charges and deferred income | 492/3 | €3,088 | €3,048 | -€40 | -1.3% |
| Non-recurring operating income | 76A | €1,385 | - | -€1,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,001 | €107,481 | +€481 | +0.4% |
| Other operating charges | 640/8 | €8,966 | €12,219 | +€3,253 | +36.3% |
| Gross operating margin | 9900 | €125,050 | €187,049 | +€62,000 | +49.6% |
| Operating profit (loss) | 9901 | €9,083 | €67,349 | +€58,266 | +641.5% |
| Financial income | 75/76B | €4,573 | €8,689 | +€4,116 | +90.0% |
| Recurring financial income | 75 | €4,573 | €8,689 | +€4,116 | +90.0% |
| Financial charges | 65/66B | €37 | €37 | +€0 | +0.9% |
| Recurring financial charges | 65 | €37 | €37 | +€0 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €13,619 | €76,001 | +€62,382 | +458.0% |
| Income taxes | 67/77 | €6,580 | €22,251 | +€15,671 | +238.1% |
| Profit (loss) for the period | 9904 | €7,039 | €53,750 | +€46,711 | +663.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,039 | €53,750 | +€46,711 | +663.6% |
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 11 October 2026 via checked.be.