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.
What changed
Ruco
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€894,123
2024 · €120,655+€773,468
Equity
€6.5m
2024 · €6.6m-€105,877
Cash
€268,339
2024 · €467,459-€199,119
Balance sheet total
€7.6m
2024 · €8.0m-€379,119
Largest movements
Assets
- Cash -€199,119
down €199,119 (-42.6%), from €467,459 to €268,339
mainly Contributions, distributions and other (-€1.0m) and Debts after one year (-€250,000)
- Intangible fixed assets -€145,911
down €145,911 (-6.2%), from €2.4m to €2.2m
Equity and liabilities
- Debts after one year -€250,000
down €250,000 (-31.3%), from €800,000 to €550,000
- Reserves -€105,877
down €105,877 (-5.3%), from €2.0m to €1.9m
of which Distributable reserves: -€105,877
Income statement
- Financial income +€639,477
up €639,477 (+175%), from €365,235 to €1.0m
- Depreciation -€149,964
down €149,964 (-48.6%), from €308,574 to €158,610
- Turnover -€20,400
down €20,400 (-6.4%), from €320,400 to €300,000
- Taxes -€8,852
down €8,852 (-32.3%), from €27,441 to €18,588
- Financial charges +€3,510
up €3,510 (+6.1%), from €57,310 to €60,821
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.
Result 2024
€120,655
Turnover
-€20,400
Other operating income
+€156
Services and other goods
-€1,875
Depreciation
+€149,964
Other operating charges
+€804
Financial income
+€639,477
Financial charges
-€3,510
Taxes
+€8,852
Result 2025
€894,123
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
€0
Financing
-€1.3m
Cash 2024
€467,459
From operations (derived)
+€1.1m
Net result for the year
+€894,123
Depreciation
+€158,610
Receivables within one year
+€24,317
Deferred charges and accrued income
-€2,926
Trade debts
-€4,767
Tax, wage and social debts
-€15,471
Smaller working-capital items
-€3,004
Financing
-€1.3m
Debts after one year
-€250,000
Contributions, distributions and other
-€1.0m
Cash 2025
€268,339
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,987,045 | €7,607,926 | -€379,119 | -4.7% |
| Fixed assets | 21/28 | €7,007,081 | €6,848,471 | -€158,610 | -2.3% |
| Intangible fixed assets | 21 | €2,362,947 | €2,217,036 | -€145,911 | -6.2% |
| Tangible fixed assets | 22/27 | €16,108 | €3,409 | -€12,699 | -78.8% |
| Furniture and vehicles | 24 | €16,108 | €3,409 | -€12,699 | -78.8% |
| Financial fixed assets | 28 | €4,628,026 | €4,628,026 | = | 0.0% |
| Affiliated companies | 280/1 | €4,628,026 | €4,628,026 | = | 0.0% |
| Participating interests | 280 | €4,628,026 | €4,628,026 | = | 0.0% |
| Current assets | 29/58 | €979,965 | €759,455 | -€220,510 | -22.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €96,930 | €72,614 | -€24,317 | -25.1% |
| Trade receivables | 40 | €96,921 | €60,500 | -€36,421 | -37.6% |
| Other amounts receivable | 41 | €9 | €12,114 | +€12,104 | +129,459% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Other investments | 51/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €467,459 | €268,339 | -€199,119 | -42.6% |
| Deferred charges and accrued income | 490/1 | €15,576 | €18,502 | +€2,926 | +18.8% |
| Total equity and liabilities | 10/49 | €7,987,045 | €7,607,926 | -€379,119 | -4.7% |
| Equity | 10/15 | €6,616,879 | €6,511,001 | -€105,877 | -1.6% |
| Contributions | 10/11 | €4,602,149 | €4,602,149 | = | 0.0% |
| Reserves | 13 | €2,014,730 | €1,908,852 | -€105,877 | -5.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,014,730 | €1,908,852 | -€105,877 | -5.3% |
| Amounts payable | 17/49 | €1,370,167 | €1,096,925 | -€273,242 | -19.9% |
| Amounts payable after more than one year | 17 | €800,000 | €550,000 | -€250,000 | -31.3% |
| Financial debts | 170/4 | €800,000 | €550,000 | -€250,000 | -31.3% |
| Credit institutions | 173 | €800,000 | €550,000 | -€250,000 | -31.3% |
| Amounts payable within one year | 42/48 | €542,243 | €521,423 | -€20,819 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €7,279 | €2,512 | -€4,767 | -65.5% |
| Suppliers | 440/4 | €7,279 | €2,512 | -€4,767 | -65.5% |
| Taxes, remuneration and social security | 45 | €20,610 | €5,139 | -€15,471 | -75.1% |
| Taxes | 450/3 | €12,008 | €5,139 | -€6,868 | -57.2% |
| Remuneration and social security | 454/9 | €8,603 | €0 | -€8,603 | -100% |
| Other amounts payable | 47/48 | €264,354 | €263,772 | -€582 | -0.2% |
| Accrued charges and deferred income | 492/3 | €27,924 | €25,502 | -€2,423 | -8.7% |
| Operating income | 70/76A | €332,270 | €312,027 | -€20,244 | -6.1% |
| Turnover | 70 | €320,400 | €300,000 | -€20,400 | -6.4% |
| Other operating income | 74 | €11,870 | €12,027 | +€156 | +1.3% |
| Operating charges | 60/66A | €492,100 | €343,207 | -€148,893 | -30.3% |
| Services and other goods | 61 | €180,080 | €181,955 | +€1,875 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,574 | €158,610 | -€149,964 | -48.6% |
| Other operating charges | 640/8 | €3,447 | €2,643 | -€804 | -23.3% |
| Operating profit (loss) | 9901 | -€159,830 | -€31,180 | +€128,649 | +80.5% |
| Financial income | 75/76B | €365,235 | €1,004,712 | +€639,477 | +175% |
| Recurring financial income | 75 | €365,235 | €1,004,712 | +€639,477 | +175% |
| Income from financial fixed assets | 750 | €350,000 | €1,000,000 | +€650,000 | +186% |
| Income from current assets | 751 | €15,235 | €4,712 | -€10,523 | -69.1% |
| Financial charges | 65/66B | €57,310 | €60,821 | +€3,510 | +6.1% |
| Recurring financial charges | 65 | €57,310 | €60,821 | +€3,510 | +6.1% |
| Debt charges | 650 | €57,124 | €60,754 | +€3,630 | +6.4% |
| Other financial charges | 652/9 | €186 | €66 | -€120 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €148,095 | €912,711 | +€764,616 | +516% |
| Income taxes | 67/77 | €27,441 | €18,588 | -€8,852 | -32.3% |
| Taxes | 670/3 | €27,441 | €18,588 | -€8,852 | -32.3% |
| Profit (loss) for the period | 9904 | €120,655 | €894,123 | +€773,468 | +641% |
| Profit (loss) for the period to be appropriated | 9905 | €120,655 | €894,123 | +€773,468 | +641% |
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 13 October 2026 via checked.be.