RUE: 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.
RUE
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-42.4%), from €2.6m to €1.5m
of which Land and buildings: -€1.1m
- Financial fixed assets -€973,596
down €973,596 (-60.8%), from €1.6m to €627,030
- Receivables within one year +€429,868
up €429,868 (+20.8%), from €2.1m to €2.5m
of which Other amounts receivable: +€489,749
- Receivables after one year +€335,000
up €335,000 (+21.3%), from €1.6m to €1.9m
- Debts after one year -€756,373
down €756,373 (-24.2%), from €3.1m to €2.4m
of which Other amounts payable: -€893,213
- Profit (loss) carried forward -€553,134
down €553,134 (-17.6%), from €3.1m to €2.6m
- Other debts +€425,491
up €425,491 (+51079.4%), from €833 to €426,324
- Reserves -€326,324
down €326,324 (-63.8%), from €511,765 to €185,441
- Tax, wage and social debts -€83,942
down €83,942 (-65.2%), from €128,782 to €44,839
of which Taxes: -€44,298
- Financial charges +€764,957
up €764,957 (+611.8%), from €125,044 to €890,001
of which Non-recurring financial charges: +€750,396
- Depreciation +€71,768
up €71,768 (+63.7%), from €112,612 to €184,381
- Gross operating margin +€58,415
up €58,415 (+8.1%), from €723,185 to €781,600
- Staff costs -€49,511
down €49,511 (-12.0%), from €411,618 to €362,107
- Financial income +€40,810
up €40,810 (+27.8%), from €146,575 to €187,385
of which Financial income: +€50,487
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 | €7,876,614 | €6,573,045 | -€1.3m | -16.5% |
| Fixed assets | 21/28 | €4,190,114 | €2,119,133 | -€2.1m | -49.4% |
| Tangible fixed assets | 22/27 | €2,589,489 | €1,492,103 | -€1.1m | -42.4% |
| Land and buildings | 22 | €2,409,738 | €1,309,699 | -€1.1m | -45.6% |
| Plant, machinery and equipment | 23 | €91,363 | €77,898 | -€13,465 | -14.7% |
| Furniture and vehicles | 24 | €70,729 | €95,074 | +€24,345 | +34.4% |
| Leasing and similar rights | 25 | €17,659 | €9,431 | -€8,227 | -46.6% |
| Financial fixed assets | 28 | €1,600,626 | €627,030 | -€973,596 | -60.8% |
| Current assets | 29/58 | €3,686,500 | €4,453,912 | +€767,412 | +20.8% |
| Amounts receivable after more than one year | 29 | €1,575,000 | €1,910,000 | +€335,000 | +21.3% |
| Other amounts receivable | 291 | €1,575,000 | €1,910,000 | +€335,000 | +21.3% |
| Amounts receivable within one year | 40/41 | €2,066,248 | €2,496,116 | +€429,868 | +20.8% |
| Trade receivables | 40 | €389,924 | €330,043 | -€59,881 | -15.4% |
| Other amounts receivable | 41 | €1,676,324 | €2,166,073 | +€489,749 | +29.2% |
| Cash at bank and in hand | 54/58 | €33,810 | €34,733 | +€923 | +2.7% |
| Deferred charges and accrued income | 490/1 | €11,442 | €13,063 | +€1,621 | +14.2% |
| Total equity and liabilities | 10/49 | €7,876,614 | €6,573,045 | -€1.3m | -16.5% |
| Equity | 10/15 | €3,696,173 | €2,816,715 | -€879,458 | -23.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €511,765 | €185,441 | -€326,324 | -63.8% |
| Distributable reserves | 133 | €511,765 | €185,441 | -€326,324 | -63.8% |
| Profit (loss) carried forward | 14 | €3,144,408 | €2,591,274 | -€553,134 | -17.6% |
| Amounts payable | 17/49 | €4,180,441 | €3,756,331 | -€424,110 | -10.1% |
| Amounts payable after more than one year | 17 | €3,121,952 | €2,365,579 | -€756,373 | -24.2% |
| Financial debts | 170/4 | €1,649,171 | €1,786,011 | +€136,840 | +8.3% |
| Other amounts payable | 178/9 | €1,472,781 | €579,568 | -€893,213 | -60.6% |
| Amounts payable within one year | 42/48 | €967,381 | €1,302,275 | +€334,894 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €401,454 | €427,669 | +€26,215 | +6.5% |
| Financial debts | 43 | €319,827 | €300,000 | -€19,827 | -6.2% |
| Credit institutions | 430/8 | €319,827 | €300,000 | -€19,827 | -6.2% |
| Trade debts | 44 | €116,486 | €103,443 | -€13,043 | -11.2% |
| Suppliers | 440/4 | €116,486 | €103,443 | -€13,043 | -11.2% |
| Taxes, remuneration and social security | 45 | €128,782 | €44,839 | -€83,942 | -65.2% |
| Taxes | 450/3 | €81,944 | €37,646 | -€44,298 | -54.1% |
| Remuneration and social security | 454/9 | €46,838 | €7,194 | -€39,644 | -84.6% |
| Other amounts payable | 47/48 | €833 | €426,324 | +€425,491 | +51079.4% |
| Accrued charges and deferred income | 492/3 | €91,109 | €88,477 | -€2,632 | -2.9% |
| Non-recurring operating income | 76A | - | €52,075 | +€52,075 | |
| Remuneration, social security and pensions | 62 | €411,618 | €362,107 | -€49,511 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,612 | €184,381 | +€71,768 | +63.7% |
| Other operating charges | 640/8 | €13,684 | €21,810 | +€8,127 | +59.4% |
| Gross operating margin | 9900 | €723,185 | €781,600 | +€58,415 | +8.1% |
| Operating profit (loss) | 9901 | €185,271 | €213,302 | +€28,031 | +15.1% |
| Financial income | 75/76B | €146,575 | €187,385 | +€40,810 | +27.8% |
| Recurring financial income | 75 | €136,898 | €187,385 | +€50,487 | +36.9% |
| Non-recurring financial income | 76B | €9,677 | €0 | -€9,677 | -100.0% |
| Financial charges | 65/66B | €125,044 | €890,001 | +€764,957 | +611.8% |
| Recurring financial charges | 65 | €125,044 | €139,606 | +€14,562 | +11.6% |
| Non-recurring financial charges | 66B | - | €750,396 | +€750,396 | |
| Profit (loss) for the period before taxes | 9903 | €206,802 | -€489,315 | -€696,116 | |
| Income taxes | 67/77 | €61,482 | €63,820 | +€2,338 | +3.8% |
| Profit (loss) for the period | 9904 | €145,320 | -€553,134 | -€698,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €145,320 | -€553,134 | -€698,454 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.