RUDURAN: 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.
RUDURAN
Largest movements
- Cash +€98,323
up €98,323 (+286.9%), from €34,276 to €132,599
mainly Current investments (+€70,000) and Net result for the year (+€33,096)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets -€8,081
down €8,081 (-20.8%), from €38,876 to €30,795
of which Other tangible fixed assets: -€6,458
- Receivables within one year +€4,245
new in 2025: €4,245
of which Trade receivables: +€4,120
- Reserves +€31,430
up €31,430 (+34.5%), from €91,046 to €122,476
- Debts after one year -€6,962
down €6,962 (-56.2%), from €12,382 to €5,420
- Trade debts +€3,795
up €3,795 (+205.1%), from €1,850 to €5,645
- Tax, wage and social debts -€2,577
down €2,577 (-32.6%), from €7,904 to €5,327
- Gross operating margin -€25,037
down €25,037 (-28.4%), from €88,092 to €63,056
- Taxes -€7,457
down €7,457 (-32.1%), from €23,245 to €15,788
- Financial charges -€1,806
down €1,806 (-39.0%), from €4,627 to €2,821
- Other operating charges +€957
up €957 (+25.1%), from €3,817 to €4,774
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 | €147,646 | €171,797 | +€24,151 | +16.4% |
| Fixed assets | 21/28 | €38,876 | €30,795 | -€8,081 | -20.8% |
| Tangible fixed assets | 22/27 | €38,876 | €30,795 | -€8,081 | -20.8% |
| Plant, machinery and equipment | 23 | €735 | €302 | -€433 | -59.0% |
| Furniture and vehicles | 24 | €1,443 | €254 | -€1,189 | -82.4% |
| Other tangible fixed assets | 26 | €36,698 | €30,240 | -€6,458 | -17.6% |
| Current assets | 29/58 | €108,770 | €141,002 | +€32,232 | +29.6% |
| Stocks and contracts in progress | 3 | €3,868 | €3,535 | -€332 | -8.6% |
| Stocks | 30/36 | €3,868 | €3,535 | -€332 | -8.6% |
| Amounts receivable within one year | 40/41 | - | €4,245 | +€4,245 | |
| Trade receivables | 40 | - | €4,120 | +€4,120 | |
| Other amounts receivable | 41 | - | €125 | +€125 | |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €34,276 | €132,599 | +€98,323 | +286.9% |
| Deferred charges and accrued income | 490/1 | €626 | €623 | -€3 | -0.5% |
| Total equity and liabilities | 10/49 | €147,646 | €171,797 | +€24,151 | +16.4% |
| Equity | 10/15 | €101,046 | €132,476 | +€31,430 | +31.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,046 | €122,476 | +€31,430 | +34.5% |
| Distributable reserves | 133 | €91,046 | €122,476 | +€31,430 | +34.5% |
| Amounts payable | 17/49 | €46,601 | €39,321 | -€7,279 | -15.6% |
| Amounts payable after more than one year | 17 | €12,382 | €5,420 | -€6,962 | -56.2% |
| Financial debts | 170/4 | €12,382 | €5,420 | -€6,962 | -56.2% |
| Amounts payable within one year | 42/48 | €33,131 | €32,943 | -€188 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,671 | €6,962 | +€291 | +4.4% |
| Trade debts | 44 | €1,850 | €5,645 | +€3,795 | +205.1% |
| Suppliers | 440/4 | €1,850 | €5,645 | +€3,795 | +205.1% |
| Taxes, remuneration and social security | 45 | €7,904 | €5,327 | -€2,577 | -32.6% |
| Taxes | 450/3 | €7,904 | €5,327 | -€2,577 | -32.6% |
| Other amounts payable | 47/48 | €16,707 | €15,010 | -€1,696 | -10.2% |
| Accrued charges and deferred income | 492/3 | €1,088 | €958 | -€130 | -12.0% |
| Non-recurring operating income | 76A | €1,251 | - | -€1,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,911 | €8,081 | +€169 | +2.1% |
| Other operating charges | 640/8 | €3,817 | €4,774 | +€957 | +25.1% |
| Gross operating margin | 9900 | €88,092 | €63,056 | -€25,037 | -28.4% |
| Operating profit (loss) | 9901 | €76,364 | €50,201 | -€26,163 | -34.3% |
| Financial income | 75/76B | €799 | €1,504 | +€705 | +88.2% |
| Recurring financial income | 75 | €799 | €1,504 | +€705 | +88.2% |
| Financial charges | 65/66B | €4,627 | €2,821 | -€1,806 | -39.0% |
| Recurring financial charges | 65 | €4,627 | €2,821 | -€1,806 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €72,536 | €48,884 | -€23,652 | -32.6% |
| Income taxes | 67/77 | €23,245 | €15,788 | -€7,457 | -32.1% |
| Profit (loss) for the period | 9904 | €49,291 | €33,096 | -€16,195 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,291 | €33,096 | -€16,195 | -32.9% |
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.