RUCO - TRANS: 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 - TRANS
Largest movements
- Tangible fixed assets -€74,605
down €74,605 (-24.3%), from €306,929 to €232,324
of which Leasing and similar rights: -€89,045
- Cash +€10,259
up €10,259 (+13.6%), from €75,185 to €85,444
mainly Depreciation (+€97,129) and Net result for the year (+€59,903)
- Current investments +€8,884
up €8,884 (+47.2%), from €18,812 to €27,696
- Deferred charges and accrued income -€8,527
down €8,527 (-82.7%), from €10,312 to €1,784
- Debts after one year -€76,095
down €76,095 (-43.0%), from €176,912 to €100,817
- Trade debts +€25,903
up €25,903 (+19.8%), from €130,956 to €156,859
- Profit (loss) carried forward -€18,213
no longer reported in 2025 (was €18,213)
- Tax, wage and social debts -€16,470
down €16,470 (-96.9%), from €17,003 to €533
- Reserves +€15,550
up €15,550 (+12.6%), from €123,034 to €138,584
of which Distributable reserves: +€17,410
- Gross operating margin +€26,011
up €26,011 (+15.3%), from €169,596 to €195,608
- Depreciation +€19,242
up €19,242 (+24.7%), from €77,886 to €97,129
- Financial charges -€4,936
down €4,936 (-30.2%), from €16,342 to €11,406
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 | €569,139 | €500,021 | -€69,118 | -12.1% |
| Fixed assets | 21/28 | €307,157 | €232,552 | -€74,605 | -24.3% |
| Tangible fixed assets | 22/27 | €306,929 | €232,324 | -€74,605 | -24.3% |
| Plant, machinery and equipment | 23 | €11,046 | €7,000 | -€4,046 | -36.6% |
| Furniture and vehicles | 24 | €6,959 | €13,579 | +€6,620 | +95.1% |
| Leasing and similar rights | 25 | €271,881 | €182,836 | -€89,045 | -32.8% |
| Other tangible fixed assets | 26 | €17,042 | €28,908 | +€11,866 | +69.6% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €261,982 | €267,469 | +€5,487 | +2.1% |
| Amounts receivable within one year | 40/41 | €157,674 | €152,546 | -€5,128 | -3.3% |
| Trade receivables | 40 | €110,497 | €106,540 | -€3,956 | -3.6% |
| Other amounts receivable | 41 | €47,177 | €46,005 | -€1,172 | -2.5% |
| Current investments | 50/53 | €18,812 | €27,696 | +€8,884 | +47.2% |
| Cash at bank and in hand | 54/58 | €75,185 | €85,444 | +€10,259 | +13.6% |
| Deferred charges and accrued income | 490/1 | €10,312 | €1,784 | -€8,527 | -82.7% |
| Total equity and liabilities | 10/49 | €569,139 | €500,021 | -€69,118 | -12.1% |
| Equity | 10/15 | €159,847 | €157,184 | -€2,663 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,034 | €138,584 | +€15,550 | +12.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €121,174 | €138,584 | +€17,410 | +14.4% |
| Profit (loss) carried forward | 14 | €18,213 | - | -€18,213 | |
| Amounts payable | 17/49 | €409,292 | €342,837 | -€66,455 | -16.2% |
| Amounts payable after more than one year | 17 | €176,912 | €100,817 | -€76,095 | -43.0% |
| Financial debts | 170/4 | €176,912 | €100,817 | -€76,095 | -43.0% |
| Amounts payable within one year | 42/48 | €231,780 | €242,020 | +€10,240 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €82,619 | €80,968 | -€1,651 | -2.0% |
| Financial debts | 43 | - | €3,660 | +€3,660 | |
| Credit institutions | 430/8 | - | €3,660 | +€3,660 | |
| Trade debts | 44 | €130,956 | €156,859 | +€25,903 | +19.8% |
| Suppliers | 440/4 | €130,956 | €156,859 | +€25,903 | +19.8% |
| Taxes, remuneration and social security | 45 | €17,003 | €533 | -€16,470 | -96.9% |
| Taxes | 450/3 | €17,003 | €533 | -€16,470 | -96.9% |
| Other amounts payable | 47/48 | €1,202 | - | -€1,202 | |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,886 | €97,129 | +€19,242 | +24.7% |
| Other operating charges | 640/8 | €4,206 | €3,436 | -€770 | -18.3% |
| Gross operating margin | 9900 | €169,596 | €195,608 | +€26,011 | +15.3% |
| Operating profit (loss) | 9901 | €87,504 | €95,043 | +€7,539 | +8.6% |
| Financial income | 75/76B | €2,396 | €3,708 | +€1,312 | +54.7% |
| Recurring financial income | 75 | €2,396 | €3,708 | +€1,312 | +54.7% |
| Financial charges | 65/66B | €16,342 | €11,406 | -€4,936 | -30.2% |
| Recurring financial charges | 65 | €16,342 | €11,406 | -€4,936 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €73,559 | €87,345 | +€13,786 | +18.7% |
| Income taxes | 67/77 | €26,118 | €27,442 | +€1,324 | +5.1% |
| Profit (loss) for the period | 9904 | €47,441 | €59,903 | +€12,462 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,441 | €59,903 | +€12,462 | +26.3% |
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 18 October 2026 via checked.be.