Rufemco: 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.
Rufemco
Largest movements
- Cash -€30,749
down €30,749 (-34.5%), from €89,184 to €58,435
mainly Debts after one year (-€48,477) and Current portion of long-term debt (-€37,326)
- Tangible fixed assets -€28,870
down €28,870 (-3.4%), from €838,793 to €809,923
of which Furniture and vehicles: -€20,517
- Reserves +€50,969
up €50,969 (+15.6%), from €327,186 to €378,156
of which Distributable reserves: +€50,969
- Debts after one year -€48,477
down €48,477 (-10.3%), from €470,714 to €422,237
- Current portion of long-term debt -€37,326
down €37,326 (-35.3%), from €105,803 to €68,477
- Tax, wage and social debts -€25,256
down €25,256 (-63.5%), from €39,760 to €14,504
- Gross operating margin -€8,015
down €8,015 (-4.4%), from €183,539 to €175,524
- Depreciation +€5,517
up €5,517 (+9.7%), from €56,641 to €62,158
- Taxes -€3,412
down €3,412 (-13.1%), from €26,124 to €22,712
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 | €970,546 | €909,550 | -€60,996 | -6.3% |
| Fixed assets | 21/28 | €838,793 | €809,923 | -€28,870 | -3.4% |
| Tangible fixed assets | 22/27 | €838,793 | €809,923 | -€28,870 | -3.4% |
| Land and buildings | 22 | €796,225 | €785,612 | -€10,613 | -1.3% |
| Plant, machinery and equipment | 23 | €1,911 | €4,172 | +€2,260 | +118% |
| Furniture and vehicles | 24 | €40,656 | €20,139 | -€20,517 | -50.5% |
| Current assets | 29/58 | €131,753 | €99,627 | -€32,126 | -24.4% |
| Amounts receivable within one year | 40/41 | €41,418 | €39,959 | -€1,459 | -3.5% |
| Trade receivables | 40 | €39,955 | €36,224 | -€3,731 | -9.3% |
| Other amounts receivable | 41 | €1,463 | €3,735 | +€2,273 | +155% |
| Cash at bank and in hand | 54/58 | €89,184 | €58,435 | -€30,749 | -34.5% |
| Deferred charges and accrued income | 490/1 | €1,151 | €1,232 | +€81 | +7.1% |
| Total equity and liabilities | 10/49 | €970,546 | €909,550 | -€60,996 | -6.3% |
| Equity | 10/15 | €345,736 | €396,706 | +€50,969 | +14.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €327,186 | €378,156 | +€50,969 | +15.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €615 | €615 | = | 0.0% |
| Distributable reserves | 133 | €324,716 | €375,686 | +€50,969 | +15.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €624,809 | €512,844 | -€111,965 | -17.9% |
| Amounts payable after more than one year | 17 | €470,714 | €422,237 | -€48,477 | -10.3% |
| Financial debts | 170/4 | €470,714 | €422,237 | -€48,477 | -10.3% |
| Amounts payable within one year | 42/48 | €151,141 | €87,449 | -€63,692 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €105,803 | €68,477 | -€37,326 | -35.3% |
| Trade debts | 44 | €4,509 | €3,565 | -€944 | -20.9% |
| Suppliers | 440/4 | €4,509 | €3,565 | -€944 | -20.9% |
| Taxes, remuneration and social security | 45 | €39,760 | €14,504 | -€25,256 | -63.5% |
| Taxes | 450/3 | €39,760 | €14,504 | -€25,256 | -63.5% |
| Other amounts payable | 47/48 | €1,069 | €904 | -€165 | -15.5% |
| Accrued charges and deferred income | 492/3 | €2,955 | €3,158 | +€203 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,641 | €62,158 | +€5,517 | +9.7% |
| Other operating charges | 640/8 | €3,640 | €3,795 | +€156 | +4.3% |
| Gross operating margin | 9900 | €183,539 | €175,524 | -€8,015 | -4.4% |
| Operating profit (loss) | 9901 | €123,258 | €109,570 | -€13,688 | -11.1% |
| Financial income | 75/76B | €8 | €20 | +€12 | +151% |
| Recurring financial income | 75 | €8 | €20 | +€12 | +151% |
| Financial charges | 65/66B | €6,352 | €5,908 | -€443 | -7.0% |
| Recurring financial charges | 65 | €6,352 | €5,908 | -€443 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €116,914 | €103,681 | -€13,233 | -11.3% |
| Income taxes | 67/77 | €26,124 | €22,712 | -€3,412 | -13.1% |
| Profit (loss) for the period | 9904 | €90,790 | €80,969 | -€9,821 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,790 | €80,969 | -€9,821 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.