rudar: what changed
Two fiscal 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.
rudar
Largest movements
- Receivables within one year -€4,318
down €4,318 (-11.4%), from €38,026 to €33,709
of which Trade receivables: -€9,720
- Intangible fixed assets -€4,000
down €4,000 (-20.0%), from €20,000 to €16,000
- Tangible fixed assets -€2,723
no longer reported in 2025 (was €2,723)
- Trade debts -€13,400
down €13,400 (-73.5%), from €18,241 to €4,841
- Profit (loss) carried forward +€1,364
up €1,364 (+5.7%), from €23,913 to €25,277
- Tax, wage and social debts +€993
new in 2025: €993
- Gross operating margin -€9,486
down €9,486 (-45.6%), from €20,785 to €11,299
- Depreciation -€3,061
down €3,061 (-43.3%), from €7,061 to €4,000
- Financial charges -€1,600
down €1,600 (-89.6%), from €1,785 to €185
- Taxes +€993
new in 2025: €993
- Other operating charges -€228
down €228 (-15.9%), from €1,436 to €1,207
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 | €60,754 | €49,711 | -€11,043 | -18.2% |
| Fixed assets | 21/28 | €22,723 | €16,000 | -€6,723 | -29.6% |
| Intangible fixed assets | 21 | €20,000 | €16,000 | -€4,000 | -20.0% |
| Tangible fixed assets | 22/27 | €2,723 | - | -€2,723 | |
| Furniture and vehicles | 24 | €2,723 | - | -€2,723 | |
| Current assets | 29/58 | €38,030 | €33,711 | -€4,319 | -11.4% |
| Amounts receivable within one year | 40/41 | €38,026 | €33,709 | -€4,318 | -11.4% |
| Trade receivables | 40 | €15,565 | €5,844 | -€9,720 | -62.5% |
| Other amounts receivable | 41 | €22,462 | €27,864 | +€5,403 | +24.1% |
| Cash at bank and in hand | 54/58 | €4 | €2 | -€2 | -45.9% |
| Total equity and liabilities | 10/49 | €60,754 | €49,711 | -€11,043 | -18.2% |
| Equity | 10/15 | €42,513 | €43,877 | +€1,364 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,913 | €25,277 | +€1,364 | +5.7% |
| Amounts payable | 17/49 | €18,241 | €5,834 | -€12,407 | -68.0% |
| Amounts payable within one year | 42/48 | €18,241 | €5,834 | -€12,407 | -68.0% |
| Trade debts | 44 | €18,241 | €4,841 | -€13,400 | -73.5% |
| Suppliers | 440/4 | €18,241 | €4,841 | -€13,400 | -73.5% |
| Taxes, remuneration and social security | 45 | - | €993 | +€993 | |
| Taxes | 450/3 | - | €993 | +€993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,061 | €4,000 | -€3,061 | -43.3% |
| Other operating charges | 640/8 | €1,436 | €1,207 | -€228 | -15.9% |
| Non-recurring operating charges | 66A | - | €3,550 | +€3,550 | |
| Gross operating margin | 9900 | €20,785 | €11,299 | -€9,486 | -45.6% |
| Operating profit (loss) | 9901 | €12,288 | €2,542 | -€9,746 | -79.3% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €1,785 | €185 | -€1,600 | -89.6% |
| Recurring financial charges | 65 | €1,785 | €185 | -€1,600 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €10,526 | €2,357 | -€8,169 | -77.6% |
| Income taxes | 67/77 | - | €993 | +€993 | |
| Profit (loss) for the period | 9904 | €10,526 | €1,364 | -€9,162 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,526 | €1,364 | -€9,162 | -87.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.