RUDINOX: what changed
What changed
RUDINOX
NACE 25.402, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€28,657
2024 · -€19,054+€47,711
Equity
-€334,426
2024 · -€363,083+€28,657
Cash
€26
2024 · €530-€504
Balance sheet total
€118,229
2024 · €164,451-€46,222
Largest movements
Assets
- Receivables within one year -€23,577
down €23,577 (-42.5%), from €55,431 to €31,854
of which Trade receivables: -€13,465
- Stocks and contracts -€18,235
down €18,235 (-21.6%), from €84,318 to €66,083
- Tangible fixed assets -€3,906
down €3,906 (-17.8%), from €21,951 to €18,045
of which Plant, machinery and equipment: -€2,337
Equity and liabilities
- Tax, wage and social debts -€42,974
down €42,974 (-78.7%), from €54,584 to €11,610
of which Taxes: -€32,803
- Profit (loss) carried forward +€28,657
up €28,657 (+7.5%), from -€383,534 to -€354,877
- Debts after one year -€26,179
down €26,179 (-11.1%), from €236,173 to €209,994
- Current portion of long-term debt -€20,189
down €20,189 (-41.8%), from €48,302 to €28,113
- Other debts +€5,255
new in 2025: €5,255
Income statement
- Staff costs -€37,338
down €37,338 (-63.9%), from €58,436 to €21,098
- Gross operating margin +€28,169
up €28,169 (+38.8%), from €72,528 to €100,697
- Write-downs +€12,773
up €12,773 (+870%), from €1,468 to €14,241
- Financial charges -€3,755
down €3,755 (-17.9%), from €21,019 to €17,263
- Other operating charges -€1,182
down €1,182 (-29.2%), from €4,049 to €2,867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€19,054
Gross operating margin
+€28,169
Staff costs
+€37,338
Depreciation
-€376
Write-downs
-€12,773
Other operating charges
+€1,182
Other operating items
-€10,112
Financial income
+€533
Financial charges
+€3,755
Taxes
-€6
Result 2025
€28,657
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,914
Investment
-€2,831
Financing
-€43,587
Cash 2024
€530
From operations (derived)
+€45,914
Net result for the year
+€28,657
Depreciation
+€6,737
Stocks and contracts
+€18,235
Receivables within one year
+€23,577
Trade debts
+€4,529
Tax, wage and social debts
-€42,974
Other debts
+€5,255
Accrued charges and deferred income
+€1,899
Investment (derived)
-€2,831
Investment in fixed assets (net)
-€2,831
Financing
-€43,587
Debts after one year
-€26,179
Current portion of long-term debt
-€20,189
Short-term financial debts
+€2,781
Cash 2025
€26
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,451 | €118,229 | -€46,222 | -28.1% |
| Fixed assets | 21/28 | €24,172 | €20,266 | -€3,906 | -16.2% |
| Tangible fixed assets | 22/27 | €21,951 | €18,045 | -€3,906 | -17.8% |
| Plant, machinery and equipment | 23 | €16,506 | €14,169 | -€2,337 | -14.2% |
| Furniture and vehicles | 24 | €4,532 | €3,073 | -€1,458 | -32.2% |
| Other tangible fixed assets | 26 | €913 | €802 | -€111 | -12.2% |
| Financial fixed assets | 28 | €2,221 | €2,221 | = | 0.0% |
| Current assets | 29/58 | €140,280 | €97,964 | -€42,316 | -30.2% |
| Stocks and contracts in progress | 3 | €84,318 | €66,083 | -€18,235 | -21.6% |
| Stocks | 30/36 | €84,318 | €66,083 | -€18,235 | -21.6% |
| Amounts receivable within one year | 40/41 | €55,431 | €31,854 | -€23,577 | -42.5% |
| Trade receivables | 40 | €45,319 | €31,854 | -€13,465 | -29.7% |
| Other amounts receivable | 41 | €10,112 | - | -€10,112 | |
| Cash at bank and in hand | 54/58 | €530 | €26 | -€504 | -95.1% |
| Total equity and liabilities | 10/49 | €164,451 | €118,229 | -€46,222 | -28.1% |
| Equity | 10/15 | -€363,083 | -€334,426 | +€28,657 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383,534 | -€354,877 | +€28,657 | +7.5% |
| Amounts payable | 17/49 | €527,534 | €452,655 | -€74,879 | -14.2% |
| Amounts payable after more than one year | 17 | €236,173 | €209,994 | -€26,179 | -11.1% |
| Financial debts | 170/4 | €236,173 | €209,994 | -€26,179 | -11.1% |
| Amounts payable within one year | 42/48 | €290,227 | €239,629 | -€50,599 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €48,302 | €28,113 | -€20,189 | -41.8% |
| Financial debts | 43 | €141,000 | €143,781 | +€2,781 | +2.0% |
| Credit institutions | 430/8 | €141,000 | €143,781 | +€2,781 | +2.0% |
| Trade debts | 44 | €46,341 | €50,870 | +€4,529 | +9.8% |
| Suppliers | 440/4 | €46,341 | €50,870 | +€4,529 | +9.8% |
| Taxes, remuneration and social security | 45 | €54,584 | €11,610 | -€42,974 | -78.7% |
| Taxes | 450/3 | €41,933 | €9,129 | -€32,803 | -78.2% |
| Remuneration and social security | 454/9 | €12,651 | €2,480 | -€10,171 | -80.4% |
| Other amounts payable | 47/48 | - | €5,255 | +€5,255 | |
| Accrued charges and deferred income | 492/3 | €1,133 | €3,032 | +€1,899 | +168% |
| Remuneration, social security and pensions | 62 | €58,436 | €21,098 | -€37,338 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,361 | €6,737 | +€376 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,468 | €14,241 | +€12,773 | +870% |
| Other operating charges | 640/8 | €4,049 | €2,867 | -€1,182 | -29.2% |
| Non-recurring operating charges | 66A | - | €10,112 | +€10,112 | |
| Gross operating margin | 9900 | €72,528 | €100,697 | +€28,169 | +38.8% |
| Operating profit (loss) | 9901 | €2,214 | €45,643 | +€43,428 | +1,961% |
| Financial income | 75/76B | €0 | €533 | +€533 | +183,669% |
| Recurring financial income | 75 | €0 | €533 | +€533 | +183,669% |
| Financial charges | 65/66B | €21,019 | €17,263 | -€3,755 | -17.9% |
| Recurring financial charges | 65 | €21,019 | €17,263 | -€3,755 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,804 | €28,913 | +€47,717 | |
| Income taxes | 67/77 | €250 | €256 | +€6 | +2.3% |
| Profit (loss) for the period | 9904 | -€19,054 | €28,657 | +€47,711 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,054 | €28,657 | +€47,711 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.