RuElco consulting: 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.
RuElco consulting
Largest movements
- Current investments +€50,000
up €50,000 (+100.0%), from €50,003 to €100,003
- Tangible fixed assets -€25,726
down €25,726 (-23.9%), from €107,746 to €82,020
of which Furniture and vehicles: -€25,421
- Deferred charges and accrued income -€13,063
down €13,063 (-95.5%), from €13,683 to €620
- Cash +€10,093
up €10,093 (+20.2%), from €50,023 to €60,117
mainly Other debts (+€125,741) and Net result for the year (+€48,332)
- Receivables within one year -€6,026
down €6,026 (-39.5%), from €15,257 to €9,230
of which Other amounts receivable: -€8,888
- Other debts +€125,741
up €125,741, from €0 to €125,741
- Reserves -€111,151
down €111,151 (-53.1%), from €209,148 to €97,997
of which Distributable reserves: -€111,151
- Tax, wage and social debts +€2,919
up €2,919 (+15.9%), from €18,312 to €21,231
- Financial income -€45,563
down €45,563 (-97.0%), from €46,989 to €1,426
of which Non-recurring financial income: -€28,810
- Gross operating margin -€23,660
down €23,660 (-21.0%), from €112,610 to €88,950
- Taxes -€10,508
down €10,508 (-43.5%), from €24,139 to €13,631
- Depreciation +€3,438
up €3,438 (+14.5%), from €23,717 to €27,155
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 | €236,713 | €251,991 | +€15,279 | +6.5% |
| Fixed assets | 21/28 | €107,746 | €82,020 | -€25,726 | -23.9% |
| Tangible fixed assets | 22/27 | €107,746 | €82,020 | -€25,726 | -23.9% |
| Plant, machinery and equipment | 23 | €2,688 | €2,384 | -€305 | -11.3% |
| Furniture and vehicles | 24 | €105,058 | €79,637 | -€25,421 | -24.2% |
| Current assets | 29/58 | €128,966 | €169,971 | +€41,004 | +31.8% |
| Amounts receivable within one year | 40/41 | €15,257 | €9,230 | -€6,026 | -39.5% |
| Trade receivables | 40 | - | €2,861 | +€2,861 | |
| Other amounts receivable | 41 | €15,257 | €6,369 | -€8,888 | -58.3% |
| Current investments | 50/53 | €50,003 | €100,003 | +€50,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €50,023 | €60,117 | +€10,093 | +20.2% |
| Deferred charges and accrued income | 490/1 | €13,683 | €620 | -€13,063 | -95.5% |
| Total equity and liabilities | 10/49 | €236,713 | €251,991 | +€15,279 | +6.5% |
| Equity | 10/15 | €215,348 | €104,197 | -€111,151 | -51.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €209,148 | €97,997 | -€111,151 | -53.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €207,288 | €96,137 | -€111,151 | -53.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,365 | €147,794 | +€126,430 | +592% |
| Amounts payable within one year | 42/48 | €21,365 | €147,794 | +€126,430 | +592% |
| Trade debts | 44 | €3,053 | €823 | -€2,230 | -73.1% |
| Suppliers | 440/4 | €3,053 | €823 | -€2,230 | -73.1% |
| Taxes, remuneration and social security | 45 | €18,312 | €21,231 | +€2,919 | +15.9% |
| Taxes | 450/3 | €18,312 | €21,231 | +€2,919 | +15.9% |
| Other amounts payable | 47/48 | €0 | €125,741 | +€125,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,717 | €27,155 | +€3,438 | +14.5% |
| Other operating charges | 640/8 | €532 | €465 | -€67 | -12.6% |
| Gross operating margin | 9900 | €112,610 | €88,950 | -€23,660 | -21.0% |
| Operating profit (loss) | 9901 | €88,361 | €61,330 | -€27,032 | -30.6% |
| Financial income | 75/76B | €46,989 | €1,426 | -€45,563 | -97.0% |
| Recurring financial income | 75 | €18,179 | €1,426 | -€16,753 | -92.2% |
| Non-recurring financial income | 76B | €28,810 | €0 | -€28,810 | -100% |
| Financial charges | 65/66B | €60 | €793 | +€733 | +1,218% |
| Recurring financial charges | 65 | €60 | €793 | +€733 | +1,218% |
| Profit (loss) for the period before taxes | 9903 | €135,290 | €61,962 | -€73,328 | -54.2% |
| Income taxes | 67/77 | €24,139 | €13,631 | -€10,508 | -43.5% |
| Profit (loss) for the period | 9904 | €111,151 | €48,332 | -€62,819 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,151 | €48,332 | -€62,819 | -56.5% |
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 31 October 2026 via checked.be.