Ruelens Site: what changed
What changed
Ruelens Site
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€8,154
2024 · -€29,219+€21,064
Equity
-€10,676
2024 · -€3,950-€6,727
Cash
€75
2024 · €67+€8
Balance sheet total
€134,577
2024 · €153,689-€19,112
Largest movements
Assets
- Tangible fixed assets -€22,092
down €22,092 (-15.4%), from €143,869 to €121,777
of which Leasing and similar rights: -€18,909
- Receivables within one year +€2,872
up €2,872 (+39.8%), from €7,209 to €10,081
of which Trade receivables: +€1,672
Equity and liabilities
- Trade debts -€10,558
down €10,558 (-28.0%), from €37,748 to €27,190
- Profit (loss) carried forward -€8,154
down €8,154 (-21.9%), from -€37,318 to -€45,473
- Accrued charges and deferred income -€5,313
down €5,313 (-8.1%), from €65,822 to €60,509
- Other debts +€2,698
up €2,698 (+9.9%), from €27,280 to €29,977
Income statement
- Gross operating margin +€21,584
up €21,584 (+963%), from €2,240 to €23,824
- Other operating charges +€252
up €252 (+3.1%), from €8,069 to €8,321
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
-€29,219
Gross operating margin
+€21,584
Depreciation
-€188
Other operating charges
-€252
Financial income
-€169
Financial charges
+€89
Result 2025
-€8,154
raises the resultlowers the result
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
+€8
Investment
-€1,428
Financing
+€1,428
Cash 2024
€67
From operations (derived)
+€8
Net result for the year
-€8,154
Depreciation
+€23,519
Receivables within one year
-€2,872
Deferred charges and accrued income
-€99
Trade debts
-€10,558
Tax, wage and social debts
+€787
Other debts
+€2,698
Accrued charges and deferred income
-€5,313
Investment (derived)
-€1,428
Investment in fixed assets (net)
-€1,428
Financing
+€1,428
Contributions, distributions and other
+€1,428
Cash 2025
€75
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,689 | €134,577 | -€19,112 | -12.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €143,869 | €121,777 | -€22,092 | -15.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €143,869 | €121,777 | -€22,092 | -15.4% |
| Plant, machinery and equipment | 23 | €9,880 | €8,154 | -€1,726 | -17.5% |
| Furniture and vehicles | 24 | €4,551 | €1,666 | -€2,885 | -63.4% |
| Leasing and similar rights | 25 | €125,820 | €106,911 | -€18,909 | -15.0% |
| Other tangible fixed assets | 26 | €3,619 | €5,046 | +€1,428 | +39.5% |
| Current assets | 29/58 | €9,820 | €12,799 | +€2,979 | +30.3% |
| Amounts receivable within one year | 40/41 | €7,209 | €10,081 | +€2,872 | +39.8% |
| Trade receivables | 40 | - | €1,672 | +€1,672 | |
| Other amounts receivable | 41 | €7,209 | €8,409 | +€1,200 | +16.6% |
| Cash at bank and in hand | 54/58 | €67 | €75 | +€8 | +12.5% |
| Deferred charges and accrued income | 490/1 | €2,544 | €2,643 | +€99 | +3.9% |
| Total equity and liabilities | 10/49 | €153,689 | €134,577 | -€19,112 | -12.4% |
| Equity | 10/15 | -€3,950 | -€10,676 | -€6,727 | -170% |
| Contributions | 10/11 | €29,750 | €29,750 | = | 0.0% |
| Revaluation surpluses | 12 | €3,619 | €5,046 | +€1,428 | +39.5% |
| Profit (loss) carried forward | 14 | -€37,318 | -€45,473 | -€8,154 | -21.9% |
| Amounts payable | 17/49 | €157,638 | €145,253 | -€12,386 | -7.9% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,816 | €59,743 | -€7,073 | -10.6% |
| Trade debts | 44 | €37,748 | €27,190 | -€10,558 | -28.0% |
| Suppliers | 440/4 | €37,748 | €27,190 | -€10,558 | -28.0% |
| Taxes, remuneration and social security | 45 | €1,788 | €2,576 | +€787 | +44.0% |
| Taxes | 450/3 | €1,788 | €2,576 | +€787 | +44.0% |
| Other amounts payable | 47/48 | €27,280 | €29,977 | +€2,698 | +9.9% |
| Accrued charges and deferred income | 492/3 | €65,822 | €60,509 | -€5,313 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,331 | €23,519 | +€188 | +0.8% |
| Other operating charges | 640/8 | €8,069 | €8,321 | +€252 | +3.1% |
| Gross operating margin | 9900 | €2,240 | €23,824 | +€21,584 | +963% |
| Operating profit (loss) | 9901 | -€29,160 | -€8,016 | +€21,144 | +72.5% |
| Financial income | 75/76B | €171 | €3 | -€169 | -98.5% |
| Recurring financial income | 75 | €171 | €3 | -€169 | -98.5% |
| Financial charges | 65/66B | €230 | €141 | -€89 | -38.8% |
| Recurring financial charges | 65 | €230 | €141 | -€89 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,219 | -€8,154 | +€21,064 | +72.1% |
| Profit (loss) for the period | 9904 | -€29,219 | -€8,154 | +€21,064 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,219 | -€8,154 | +€21,064 | +72.1% |
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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 4 November 2026 via checked.be.