RUDDOCK: 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.
RUDDOCK
Largest movements
- Tangible fixed assets -€17,037
down €17,037 (-28.2%), from €60,444 to €43,407
of which Furniture and vehicles: -€13,670
- Cash +€14,352
up €14,352 (+29.0%), from €49,550 to €63,902
mainly Depreciation (+€17,037) and Net result for the year (+€9,571)
- Receivables within one year +€2,622
up €2,622 (+16.4%), from €16,022 to €18,643
of which Trade receivables: +€2,537
- Debts after one year -€11,689
down €11,689 (-29.5%), from €39,623 to €27,934
of which Financial debts: -€11,689
- Reserves +€7,905
up €7,905 (+13.6%), from €58,312 to €66,217
- Tax, wage and social debts +€4,085
up €4,085 (+57.2%), from €7,143 to €11,228
of which Taxes: +€3,252
- Gross operating margin +€6,058
up €6,058 (+21.4%), from €28,329 to €34,387
- Taxes +€1,538
up €1,538 (+64.7%), from €2,377 to €3,915
- Other operating charges +€1,009
up €1,009 (+257%), from €393 to €1,403
- Financial charges -€526
down €526 (-17.6%), from €2,987 to €2,461
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 | €126,015 | €125,952 | -€63 | 0.0% |
| Fixed assets | 21/28 | €60,444 | €43,407 | -€17,037 | -28.2% |
| Tangible fixed assets | 22/27 | €60,444 | €43,407 | -€17,037 | -28.2% |
| Plant, machinery and equipment | 23 | €3,814 | €1,844 | -€1,970 | -51.7% |
| Furniture and vehicles | 24 | €51,909 | €38,239 | -€13,670 | -26.3% |
| Other tangible fixed assets | 26 | €4,720 | €3,324 | -€1,396 | -29.6% |
| Current assets | 29/58 | €65,571 | €82,545 | +€16,974 | +25.9% |
| Amounts receivable within one year | 40/41 | €16,022 | €18,643 | +€2,622 | +16.4% |
| Trade receivables | 40 | €16,022 | €18,558 | +€2,537 | +15.8% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €49,550 | €63,902 | +€14,352 | +29.0% |
| Total equity and liabilities | 10/49 | €126,015 | €125,952 | -€63 | 0.0% |
| Equity | 10/15 | €63,312 | €71,217 | +€7,905 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,312 | €66,217 | +€7,905 | +13.6% |
| Distributable reserves | 133 | €58,312 | €66,217 | +€7,905 | +13.6% |
| Amounts payable | 17/49 | €62,703 | €54,735 | -€7,968 | -12.7% |
| Amounts payable after more than one year | 17 | €39,623 | €27,934 | -€11,689 | -29.5% |
| Financial debts | 170/4 | €34,623 | €22,934 | -€11,689 | -33.8% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,708 | €26,435 | +€3,728 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €11,144 | €11,689 | +€545 | +4.9% |
| Trade debts | 44 | €67 | €415 | +€348 | +516% |
| Suppliers | 440/4 | €67 | €415 | +€348 | +516% |
| Taxes, remuneration and social security | 45 | €7,143 | €11,228 | +€4,085 | +57.2% |
| Taxes | 450/3 | €4,008 | €7,260 | +€3,252 | +81.1% |
| Remuneration and social security | 454/9 | €3,135 | €3,969 | +€833 | +26.6% |
| Other amounts payable | 47/48 | €4,353 | €3,103 | -€1,250 | -28.7% |
| Accrued charges and deferred income | 492/3 | €372 | €366 | -€6 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,894 | €17,037 | +€143 | +0.8% |
| Other operating charges | 640/8 | €393 | €1,403 | +€1,009 | +257% |
| Gross operating margin | 9900 | €28,329 | €34,387 | +€6,058 | +21.4% |
| Operating profit (loss) | 9901 | €11,042 | €15,947 | +€4,906 | +44.4% |
| Financial charges | 65/66B | €2,987 | €2,461 | -€526 | -17.6% |
| Recurring financial charges | 65 | €2,987 | €2,461 | -€526 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €8,055 | €13,486 | +€5,431 | +67.4% |
| Income taxes | 67/77 | €2,377 | €3,915 | +€1,538 | +64.7% |
| Profit (loss) for the period | 9904 | €5,678 | €9,571 | +€3,893 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,678 | €9,571 | +€3,893 | +68.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.