RUDYCO: 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.
RUDYCO
Largest movements
- Cash +€42,111
up €42,111 (+27.4%), from €153,456 to €195,567
mainly Net result for the year (+€113,342) and Depreciation (+€52,690)
- Tangible fixed assets -€38,448
down €38,448 (-6.4%), from €602,497 to €564,049
of which Land and buildings: -€30,020
- Reserves +€111,676
up €111,676 (+16.7%), from €669,966 to €781,641
- Debts after one year -€50,055
down €50,055 (-22.2%), from €225,334 to €175,279
- Other debts -€48,124
down €48,124 (-34.2%), from €140,621 to €92,498
- Trade debts +€37,460
up €37,460 (+17.8%), from €210,613 to €248,073
- Tax, wage and social debts -€17,861
down €17,861 (-26.1%), from €68,371 to €50,511
of which Remuneration and social security: -€9,546
- Gross operating margin +€63,531
up €63,531 (+11.7%), from €542,180 to €605,710
- Staff costs +€54,521
up €54,521 (+17.2%), from €316,180 to €370,701
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 | €1,567,065 | €1,588,010 | +€20,946 | +1.3% |
| Fixed assets | 21/28 | €603,297 | €564,049 | -€39,248 | -6.5% |
| Intangible fixed assets | 21 | €800 | €0 | -€800 | -100% |
| Tangible fixed assets | 22/27 | €602,497 | €564,049 | -€38,448 | -6.4% |
| Land and buildings | 22 | €541,228 | €511,208 | -€30,020 | -5.5% |
| Plant, machinery and equipment | 23 | €25,525 | €18,346 | -€7,179 | -28.1% |
| Furniture and vehicles | 24 | €35,744 | €34,495 | -€1,249 | -3.5% |
| Current assets | 29/58 | €963,768 | €1,023,962 | +€60,194 | +6.2% |
| Stocks and contracts in progress | 3 | €736,815 | €745,746 | +€8,931 | +1.2% |
| Stocks | 30/36 | €736,815 | €745,746 | +€8,931 | +1.2% |
| Amounts receivable within one year | 40/41 | €73,496 | €82,649 | +€9,153 | +12.5% |
| Trade receivables | 40 | €62,223 | €79,304 | +€17,080 | +27.5% |
| Other amounts receivable | 41 | €11,273 | €3,345 | -€7,928 | -70.3% |
| Cash at bank and in hand | 54/58 | €153,456 | €195,567 | +€42,111 | +27.4% |
| Total equity and liabilities | 10/49 | €1,567,065 | €1,588,010 | +€20,946 | +1.3% |
| Equity | 10/15 | €688,566 | €800,241 | +€111,676 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €669,966 | €781,641 | +€111,676 | +16.7% |
| Distributable reserves | 133 | €669,966 | €781,641 | +€111,676 | +16.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €878,499 | €787,769 | -€90,730 | -10.3% |
| Amounts payable after more than one year | 17 | €225,334 | €175,279 | -€50,055 | -22.2% |
| Financial debts | 170/4 | €225,334 | €175,279 | -€50,055 | -22.2% |
| Amounts payable within one year | 42/48 | €652,408 | €611,292 | -€41,116 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €64,142 | €50,055 | -€14,088 | -22.0% |
| Financial debts | 43 | €160,000 | €160,000 | = | 0.0% |
| Credit institutions | 430/8 | €160,000 | €160,000 | = | 0.0% |
| Trade debts | 44 | €210,613 | €248,073 | +€37,460 | +17.8% |
| Suppliers | 440/4 | €210,613 | €248,073 | +€37,460 | +17.8% |
| Advances received on contracts in progress | 46 | €8,661 | €10,156 | +€1,495 | +17.3% |
| Taxes, remuneration and social security | 45 | €68,371 | €50,511 | -€17,861 | -26.1% |
| Taxes | 450/3 | €25,575 | €17,260 | -€8,315 | -32.5% |
| Remuneration and social security | 454/9 | €42,796 | €33,251 | -€9,546 | -22.3% |
| Other amounts payable | 47/48 | €140,621 | €92,498 | -€48,124 | -34.2% |
| Accrued charges and deferred income | 492/3 | €757 | €1,198 | +€441 | +58.2% |
| Remuneration, social security and pensions | 62 | €316,180 | €370,701 | +€54,521 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,525 | €52,690 | +€165 | +0.3% |
| Other operating charges | 640/8 | €5,370 | €5,832 | +€462 | +8.6% |
| Gross operating margin | 9900 | €542,180 | €605,710 | +€63,531 | +11.7% |
| Operating profit (loss) | 9901 | €168,104 | €176,487 | +€8,383 | +5.0% |
| Financial income | 75/76B | €13,696 | €10,602 | -€3,094 | -22.6% |
| Recurring financial income | 75 | €13,696 | €10,602 | -€3,094 | -22.6% |
| Financial charges | 65/66B | €24,460 | €23,510 | -€950 | -3.9% |
| Recurring financial charges | 65 | €24,460 | €23,510 | -€950 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €157,340 | €163,578 | +€6,238 | +4.0% |
| Income taxes | 67/77 | €49,133 | €50,236 | +€1,103 | +2.2% |
| Profit (loss) for the period | 9904 | €108,207 | €113,342 | +€5,135 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,207 | €113,342 | +€5,135 | +4.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.