RUDALO: 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.
RUDALO
Largest movements
- Current investments -€79,514
down €79,514 (-89.1%), from €89,227 to €9,713
- Cash +€71,936
up €71,936 (+34.4%), from €209,121 to €281,057
mainly Current investments (+€79,514) and Trade debts (+€27,988)
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€10,303
up €10,303 (+4662.0%), from €221 to €10,524
- Gross operating margin -€5,805
down €5,805 (-51.0%), from €11,386 to €5,581
- Taxes +€2,119
up €2,119, from -€403 to €1,716
- Financial charges +€117
up €117 (+72.7%), from €161 to €278
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 | €3,206,446 | €3,222,064 | +€15,618 | +0.5% |
| Fixed assets | 21/28 | €2,894,070 | €2,898,578 | +€4,508 | +0.2% |
| Tangible fixed assets | 22/27 | €164,658 | €157,631 | -€7,027 | -4.3% |
| Land and buildings | 22 | €164,158 | €157,631 | -€6,527 | -4.0% |
| Furniture and vehicles | 24 | €500 | €0 | -€500 | -100.0% |
| Financial fixed assets | 28 | €2,729,412 | €2,740,947 | +€11,535 | +0.4% |
| Current assets | 29/58 | €312,376 | €323,486 | +€11,110 | +3.6% |
| Amounts receivable after more than one year | 29 | €14,028 | €32,716 | +€18,688 | +133.2% |
| Trade receivables | 290 | €6,050 | €27,600 | +€21,550 | +356.2% |
| Other amounts receivable | 291 | €7,978 | €5,116 | -€2,862 | -35.9% |
| Current investments | 50/53 | €89,227 | €9,713 | -€79,514 | -89.1% |
| Cash at bank and in hand | 54/58 | €209,121 | €281,057 | +€71,936 | +34.4% |
| Total equity and liabilities | 10/49 | €3,206,446 | €3,222,064 | +€15,618 | +0.5% |
| Equity | 10/15 | €2,799,086 | €2,803,120 | +€4,034 | +0.1% |
| Contributions | 10/11 | €957,000 | €957,000 | = | 0.0% |
| Capital | 10 | €957,000 | €957,000 | = | 0.0% |
| Issued capital | 100 | €957,000 | €957,000 | = | 0.0% |
| Reserves | 13 | €1,645,700 | €1,645,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €95,700 | €95,700 | = | 0.0% |
| Legal reserve | 130 | €95,700 | €95,700 | = | 0.0% |
| Distributable reserves | 133 | €1,550,000 | €1,550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,386 | €200,420 | +€4,034 | +2.1% |
| Amounts payable | 17/49 | €407,360 | €418,944 | +€11,584 | +2.8% |
| Amounts payable within one year | 42/48 | €407,360 | €418,944 | +€11,584 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €404,084 | €388,986 | -€15,098 | -3.7% |
| Trade debts | 44 | €96 | €28,084 | +€27,988 | +29154.2% |
| Suppliers | 440/4 | €96 | €28,084 | +€27,988 | +29154.2% |
| Taxes, remuneration and social security | 45 | €3,180 | €1,874 | -€1,306 | -41.1% |
| Taxes | 450/3 | €3,180 | €1,874 | -€1,306 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,028 | €7,028 | = | 0.0% |
| Other operating charges | 640/8 | €3,117 | €3,049 | -€68 | -2.2% |
| Gross operating margin | 9900 | €11,386 | €5,581 | -€5,805 | -51.0% |
| Operating profit (loss) | 9901 | €1,241 | -€4,496 | -€5,737 | |
| Financial income | 75/76B | €221 | €10,524 | +€10,303 | +4662.0% |
| Recurring financial income | 75 | €221 | €10,524 | +€10,303 | +4662.0% |
| Financial charges | 65/66B | €161 | €278 | +€117 | +72.7% |
| Recurring financial charges | 65 | €161 | €278 | +€117 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €1,301 | €5,750 | +€4,449 | +342.0% |
| Income taxes | 67/77 | -€403 | €1,716 | +€2,119 | |
| Profit (loss) for the period | 9904 | €1,704 | €4,034 | +€2,330 | +136.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,704 | €4,034 | +€2,330 | +136.7% |
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 10 October 2026 via checked.be.