RUDDER CONSULT: 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.
RUDDER CONSULT
Largest movements
- Cash +€10,338
up €10,338 (+127%), from €8,111 to €18,449
mainly Net result for the year (+€27,236) and Depreciation (+€6,131)
- Tangible fixed assets +€3,683
up €3,683 (+7.2%), from €51,228 to €54,911
of which Furniture and vehicles: +€6,343
- Deferred charges and accrued income -€3,319
down €3,319 (-86.2%), from €3,851 to €532
- Profit (loss) carried forward +€27,236
up €27,236 (+23.5%), from €115,986 to €143,222
- Other debts -€11,895
down €11,895 (-42.9%), from €27,733 to €15,838
- Debts after one year -€6,667
no longer reported in 2025 (was €6,667)
- Gross operating margin +€35,278
up €35,278 (+242%), from €14,551 to €49,829
- Purchases and services +€18,909
up €18,909 (+39.4%), from €47,954 to €66,862
- Taxes +€9,958
up €9,958 (+290%), from €3,438 to €13,395
- Financial charges -€3,073
down €3,073 (-92.0%), from €3,339 to €266
of which Financial charges: -€2,741
- Other operating charges +€1,893
up €1,893 (+208%), from €908 to €2,801
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 | €183,178 | €194,430 | +€11,252 | +6.1% |
| Fixed assets | 21/28 | €51,228 | €55,461 | +€4,233 | +8.3% |
| Tangible fixed assets | 22/27 | €51,228 | €54,911 | +€3,683 | +7.2% |
| Plant, machinery and equipment | 23 | €30,619 | €28,959 | -€1,660 | -5.4% |
| Furniture and vehicles | 24 | €12,509 | €18,852 | +€6,343 | +50.7% |
| Other tangible fixed assets | 26 | €8,100 | €7,100 | -€1,000 | -12.3% |
| Financial fixed assets | 28 | - | €550 | +€550 | |
| Current assets | 29/58 | €131,950 | €138,969 | +€7,019 | +5.3% |
| Current investments | 50/53 | €119,988 | €119,988 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,111 | €18,449 | +€10,338 | +127% |
| Deferred charges and accrued income | 490/1 | €3,851 | €532 | -€3,319 | -86.2% |
| Total equity and liabilities | 10/49 | €183,178 | €194,430 | +€11,252 | +6.1% |
| Equity | 10/15 | €119,486 | €146,722 | +€27,236 | +22.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,986 | €143,222 | +€27,236 | +23.5% |
| Amounts payable | 17/49 | €63,692 | €47,708 | -€15,983 | -25.1% |
| Amounts payable after more than one year | 17 | €6,667 | - | -€6,667 | |
| Financial debts | 170/4 | €6,667 | - | -€6,667 | |
| Amounts payable within one year | 42/48 | €57,025 | €47,708 | -€9,317 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €9,120 | €10,000 | +€880 | +9.6% |
| Trade debts | 44 | €5,451 | €5,249 | -€203 | -3.7% |
| Suppliers | 440/4 | €5,451 | €5,249 | -€203 | -3.7% |
| Taxes, remuneration and social security | 45 | €14,721 | €16,622 | +€1,901 | +12.9% |
| Taxes | 450/3 | €14,443 | €16,622 | +€2,179 | +15.1% |
| Remuneration and social security | 454/9 | €278 | - | -€278 | |
| Other amounts payable | 47/48 | €27,733 | €15,838 | -€11,895 | -42.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,954 | €66,862 | +€18,909 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,665 | €6,131 | +€466 | +8.2% |
| Other operating charges | 640/8 | €908 | €2,801 | +€1,893 | +208% |
| Gross operating margin | 9900 | €14,551 | €49,829 | +€35,278 | +242% |
| Operating profit (loss) | 9901 | €7,978 | €40,897 | +€32,919 | +413% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €3,339 | €266 | -€3,073 | -92.0% |
| Recurring financial charges | 65 | €3,007 | €266 | -€2,741 | -91.2% |
| Non-recurring financial charges | 66B | €332 | - | -€332 | |
| Profit (loss) for the period before taxes | 9903 | €4,681 | €40,631 | +€35,949 | +768% |
| Income taxes | 67/77 | €3,438 | €13,395 | +€9,958 | +290% |
| Profit (loss) for the period | 9904 | €1,244 | €27,236 | +€25,992 | +2,090% |
| Profit (loss) for the period to be appropriated | 9905 | €1,244 | €27,236 | +€25,992 | +2,090% |
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 28 October 2026 via checked.be.