RUDY MAES & Co: what changed
What changed
RUDY MAES & Co
NACE 46.231, Wholesale of live animals
filed annual accounts (NBB)
Net result for the year
€126,544
2024 · €105,122+€21,422
Equity
€900,241
2024 · €773,698+€126,544
Cash
€325,119
2024 · €123,180+€201,939
Balance sheet total
€2.7m
2024 · €2.1m+€608,807
Largest movements
Assets
- Receivables within one year +€460,004
up €460,004 (+69.8%), from €658,715 to €1.1m
of which Trade receivables: +€445,539
- Cash +€201,939
up €201,939 (+164%), from €123,180 to €325,119
mainly Trade debts (+€542,805) and Depreciation (+€131,125)
- Tangible fixed assets -€54,833
down €54,833 (-4.3%), from €1.3m to €1.2m
of which Land and buildings: -€50,287
Equity and liabilities
- Trade debts +€542,805
up €542,805 (+168%), from €323,822 to €866,626
- Profit (loss) carried forward +€126,544
up €126,544 (+363%), from €34,827 to €161,370
- Debts after one year -€59,111
down €59,111 (-17.4%), from €339,487 to €280,376
Income statement
- Gross operating margin +€18,868
up €18,868 (+5.7%), from €328,984 to €347,852
- Taxes -€7,773
down €7,773 (-17.6%), from €44,145 to €36,372
- Financial charges -€5,647
down €5,647 (-12.9%), from €43,871 to €38,224
- Depreciation +€3,921
up €3,921 (+3.1%), from €127,203 to €131,125
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
€105,122
Gross operating margin
+€18,868
Staff costs
-€1,459
Depreciation
-€3,921
Other operating charges
-€2,348
Other operating items
-€3,804
Financial income
+€668
Financial charges
+€5,647
Taxes
+€7,773
Result 2025
€126,544
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
+€331,446
Investment
-€76,196
Financing
-€53,311
Cash 2024
€123,180
From operations (derived)
+€331,446
Net result for the year
+€126,544
Depreciation
+€131,125
Stocks and contracts
+€2,980
Receivables within one year
-€460,004
Deferred charges and accrued income
-€4,773
Trade debts
+€542,805
Tax, wage and social debts
+€703
Other debts
+€8,490
Accrued charges and deferred income
-€16,423
Investment (derived)
-€76,196
Investment in fixed assets (net)
-€76,196
Financing
-€53,311
Debts after one year
-€59,111
Current portion of long-term debt
+€5,800
Cash 2025
€325,119
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,103,346 | €2,712,153 | +€608,807 | +28.9% |
| Fixed assets | 21/28 | €1,262,902 | €1,207,973 | -€54,929 | -4.3% |
| Intangible fixed assets | 21 | €191 | €96 | -€96 | -50.0% |
| Tangible fixed assets | 22/27 | €1,261,326 | €1,206,492 | -€54,833 | -4.3% |
| Land and buildings | 22 | €1,001,049 | €950,762 | -€50,287 | -5.0% |
| Plant, machinery and equipment | 23 | €13,733 | €8,952 | -€4,781 | -34.8% |
| Furniture and vehicles | 24 | €246,544 | €246,778 | +€235 | +0.1% |
| Financial fixed assets | 28 | €1,385 | €1,385 | = | 0.0% |
| Current assets | 29/58 | €840,444 | €1,504,180 | +€663,736 | +79.0% |
| Stocks and contracts in progress | 3 | €50,200 | €47,220 | -€2,980 | -5.9% |
| Stocks | 30/36 | €50,200 | €47,220 | -€2,980 | -5.9% |
| Amounts receivable within one year | 40/41 | €658,715 | €1,118,719 | +€460,004 | +69.8% |
| Trade receivables | 40 | €653,108 | €1,098,647 | +€445,539 | +68.2% |
| Other amounts receivable | 41 | €5,607 | €20,072 | +€14,464 | +258% |
| Cash at bank and in hand | 54/58 | €123,180 | €325,119 | +€201,939 | +164% |
| Deferred charges and accrued income | 490/1 | €8,349 | €13,123 | +€4,773 | +57.2% |
| Total equity and liabilities | 10/49 | €2,103,346 | €2,712,153 | +€608,807 | +28.9% |
| Equity | 10/15 | €773,698 | €900,241 | +€126,544 | +16.4% |
| Contributions | 10/11 | €386,714 | €386,714 | = | 0.0% |
| Capital | 10 | €386,714 | €386,714 | = | 0.0% |
| Issued capital | 100 | €386,714 | €386,714 | = | 0.0% |
| Reserves | 13 | €352,157 | €352,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,671 | €38,671 | = | 0.0% |
| Legal reserve | 130 | €38,671 | €38,671 | = | 0.0% |
| Distributable reserves | 133 | €313,486 | €313,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,827 | €161,370 | +€126,544 | +363% |
| Amounts payable | 17/49 | €1,329,648 | €1,811,912 | +€482,263 | +36.3% |
| Amounts payable after more than one year | 17 | €339,487 | €280,376 | -€59,111 | -17.4% |
| Financial debts | 170/4 | €339,487 | €280,376 | -€59,111 | -17.4% |
| Amounts payable within one year | 42/48 | €968,072 | €1,525,869 | +€557,797 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €130,311 | €136,111 | +€5,800 | +4.5% |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €323,822 | €866,626 | +€542,805 | +168% |
| Suppliers | 440/4 | €323,822 | €866,626 | +€542,805 | +168% |
| Taxes, remuneration and social security | 45 | €48,495 | €49,198 | +€703 | +1.4% |
| Taxes | 450/3 | €48,495 | €49,198 | +€703 | +1.4% |
| Other amounts payable | 47/48 | €90,444 | €98,934 | +€8,490 | +9.4% |
| Accrued charges and deferred income | 492/3 | €22,089 | €5,666 | -€16,423 | -74.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,484 | €3,943 | +€1,459 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,203 | €131,125 | +€3,921 | +3.1% |
| Other operating charges | 640/8 | €7,272 | €9,621 | +€2,348 | +32.3% |
| Non-recurring operating charges | 66A | - | €3,804 | +€3,804 | |
| Gross operating margin | 9900 | €328,984 | €347,852 | +€18,868 | +5.7% |
| Operating profit (loss) | 9901 | €192,024 | €199,359 | +€7,335 | +3.8% |
| Financial income | 75/76B | €1,114 | €1,781 | +€668 | +59.9% |
| Recurring financial income | 75 | €1,114 | €1,781 | +€668 | +59.9% |
| Financial charges | 65/66B | €43,871 | €38,224 | -€5,647 | -12.9% |
| Recurring financial charges | 65 | €43,871 | €38,224 | -€5,647 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €149,267 | €162,916 | +€13,649 | +9.1% |
| Income taxes | 67/77 | €44,145 | €36,372 | -€7,773 | -17.6% |
| Profit (loss) for the period | 9904 | €105,122 | €126,544 | +€21,422 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,122 | €126,544 | +€21,422 | +20.4% |
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 3 November 2026 via checked.be.