RUDVANS: 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.
RUDVANS
Largest movements
- Tangible fixed assets -€42,331
down €42,331 (-5.5%), from €771,995 to €729,665
of which Land and buildings: -€34,969
- Cash -€30,599
down €30,599 (-61.0%), from €50,173 to €19,574
mainly Net result for the year (-€53,519) and Debts after one year (-€26,667)
- Profit (loss) carried forward -€53,519
down €53,519 (-17.3%), from -€309,851 to -€363,370
- Debts after one year -€26,667
down €26,667 (-8.6%), from €311,111 to €284,445
- Other operating charges +€1,157
up €1,157 (+20.7%), from €5,581 to €6,739
- Gross operating margin +€1,133
up €1,133 (+27.3%), from €4,159 to €5,292
- Financial charges -€638
down €638 (-6.6%), from €9,686 to €9,048
- Depreciation -€110
down €110 (-0.3%), from €43,145 to €43,035
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 | €830,551 | €757,490 | -€73,062 | -8.8% |
| Fixed assets | 21/28 | €771,995 | €729,665 | -€42,331 | -5.5% |
| Tangible fixed assets | 22/27 | €771,995 | €729,665 | -€42,331 | -5.5% |
| Land and buildings | 22 | €756,180 | €721,211 | -€34,969 | -4.6% |
| Plant, machinery and equipment | 23 | €6,876 | €2,691 | -€4,185 | -60.9% |
| Furniture and vehicles | 24 | €8,940 | €5,763 | -€3,177 | -35.5% |
| Current assets | 29/58 | €58,556 | €27,825 | -€30,731 | -52.5% |
| Amounts receivable within one year | 40/41 | €7,109 | €7,778 | +€668 | +9.4% |
| Trade receivables | 40 | €7,109 | €7,265 | +€156 | +2.2% |
| Other amounts receivable | 41 | - | €512 | +€512 | |
| Cash at bank and in hand | 54/58 | €50,173 | €19,574 | -€30,599 | -61.0% |
| Deferred charges and accrued income | 490/1 | €1,274 | €474 | -€800 | -62.8% |
| Total equity and liabilities | 10/49 | €830,551 | €757,490 | -€73,062 | -8.8% |
| Equity | 10/15 | €125,241 | €71,722 | -€53,519 | -42.7% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €10,092 | €10,092 | = | 0.0% |
| Distributable reserves | 133 | €10,092 | €10,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,851 | -€363,370 | -€53,519 | -17.3% |
| Amounts payable | 17/49 | €705,310 | €685,768 | -€19,542 | -2.8% |
| Amounts payable after more than one year | 17 | €311,111 | €284,445 | -€26,667 | -8.6% |
| Financial debts | 170/4 | €311,111 | €284,445 | -€26,667 | -8.6% |
| Amounts payable within one year | 42/48 | €393,657 | €400,819 | +€7,162 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €192 | €2,821 | +€2,630 | +1371.6% |
| Suppliers | 440/4 | €192 | €2,821 | +€2,630 | +1371.6% |
| Taxes, remuneration and social security | 45 | €1,865 | - | -€1,865 | |
| Taxes | 450/3 | €1,865 | - | -€1,865 | |
| Other amounts payable | 47/48 | €364,934 | €371,331 | +€6,397 | +1.8% |
| Accrued charges and deferred income | 492/3 | €542 | €504 | -€38 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,145 | €43,035 | -€110 | -0.3% |
| Other operating charges | 640/8 | €5,581 | €6,739 | +€1,157 | +20.7% |
| Gross operating margin | 9900 | €4,159 | €5,292 | +€1,133 | +27.3% |
| Operating profit (loss) | 9901 | -€44,567 | -€44,481 | +€86 | +0.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €9,686 | €9,048 | -€638 | -6.6% |
| Recurring financial charges | 65 | €9,686 | €9,048 | -€638 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,253 | -€53,519 | +€733 | +1.4% |
| Profit (loss) for the period | 9904 | -€54,253 | -€53,519 | +€733 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,253 | -€53,519 | +€733 | +1.4% |
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 4 October 2026 via checked.be.