RuFeRo: 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.
RuFeRo
Largest movements
- Receivables within one year +€14,270
up €14,270 (+7.1%), from €199,596 to €213,866
of which Other amounts receivable: +€39,385
- Tangible fixed assets -€7,983
down €7,983 (-84.6%), from €9,436 to €1,453
of which Leasing and similar rights: -€4,581
- Deferred charges and accrued income +€3,236
up €3,236 (+44.0%), from €7,357 to €10,593
- Reserves +€44,414
up €44,414 (+84.9%), from €52,313 to €96,727
of which Distributable reserves: +€44,414
- Trade debts -€30,941
down €30,941 (-57.8%), from €53,553 to €22,612
- Current portion of long-term debt -€5,799
down €5,799 (-57.6%), from €10,065 to €4,266
- Tax, wage and social debts +€4,885
up €4,885 (+21.4%), from €22,781 to €27,666
- Debts after one year -€3,473
down €3,473 (-31.1%), from €11,157 to €7,684
- Gross operating margin +€52,393
up €52,393 (+411.8%), from €12,724 to €65,117
- Taxes +€18,169
up €18,169 (+719.2%), from €2,526 to €20,695
- Financial income +€2,914
up €2,914 (+41.3%), from €7,060 to €9,974
- Depreciation -€1,006
down €1,006 (-14.3%), from €7,059 to €6,053
- Financial charges -€816
down €816 (-39.7%), from €2,053 to €1,238
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,389 | €225,912 | +€9,523 | +4.4% |
| Fixed assets | 21/28 | €9,436 | €1,453 | -€7,983 | -84.6% |
| Tangible fixed assets | 22/27 | €9,436 | €1,453 | -€7,983 | -84.6% |
| Plant, machinery and equipment | 23 | €1,125 | €446 | -€680 | -60.4% |
| Furniture and vehicles | 24 | €2,851 | €129 | -€2,723 | -95.5% |
| Leasing and similar rights | 25 | €5,459 | €879 | -€4,581 | -83.9% |
| Current assets | 29/58 | €206,953 | €224,459 | +€17,506 | +8.5% |
| Amounts receivable within one year | 40/41 | €199,596 | €213,866 | +€14,270 | +7.1% |
| Trade receivables | 40 | €57,445 | €32,330 | -€25,115 | -43.7% |
| Other amounts receivable | 41 | €142,150 | €181,536 | +€39,385 | +27.7% |
| Deferred charges and accrued income | 490/1 | €7,357 | €10,593 | +€3,236 | +44.0% |
| Total equity and liabilities | 10/49 | €216,389 | €225,912 | +€9,523 | +4.4% |
| Equity | 10/15 | €118,351 | €162,766 | +€44,414 | +37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,313 | €96,727 | +€44,414 | +84.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,453 | €94,867 | +€44,414 | +88.0% |
| Profit (loss) carried forward | 14 | €47,438 | €47,438 | = | 0.0% |
| Amounts payable | 17/49 | €98,038 | €63,147 | -€34,891 | -35.6% |
| Amounts payable after more than one year | 17 | €11,157 | €7,684 | -€3,473 | -31.1% |
| Financial debts | 170/4 | €11,157 | €7,684 | -€3,473 | -31.1% |
| Amounts payable within one year | 42/48 | €86,880 | €55,463 | -€31,418 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €10,065 | €4,266 | -€5,799 | -57.6% |
| Financial debts | 43 | €482 | €919 | +€437 | +90.6% |
| Credit institutions | 430/8 | €482 | €919 | +€437 | +90.6% |
| Trade debts | 44 | €53,553 | €22,612 | -€30,941 | -57.8% |
| Suppliers | 440/4 | €53,553 | €22,612 | -€30,941 | -57.8% |
| Taxes, remuneration and social security | 45 | €22,781 | €27,666 | +€4,885 | +21.4% |
| Taxes | 450/3 | €22,781 | €27,666 | +€4,885 | +21.4% |
| Non-recurring operating income | 76A | €1,080 | €7,085 | +€6,005 | +555.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,059 | €6,053 | -€1,006 | -14.3% |
| Other operating charges | 640/8 | €1,594 | €1,730 | +€137 | +8.6% |
| Non-recurring operating charges | 66A | €189 | €961 | +€772 | +408.1% |
| Gross operating margin | 9900 | €12,724 | €65,117 | +€52,393 | +411.8% |
| Operating profit (loss) | 9901 | €3,882 | €56,372 | +€52,490 | +1352.0% |
| Financial income | 75/76B | €7,060 | €9,974 | +€2,914 | +41.3% |
| Recurring financial income | 75 | €7,060 | €9,974 | +€2,914 | +41.3% |
| Financial charges | 65/66B | €2,053 | €1,238 | -€816 | -39.7% |
| Recurring financial charges | 65 | €2,053 | €1,238 | -€816 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €8,889 | €65,109 | +€56,220 | +632.4% |
| Income taxes | 67/77 | €2,526 | €20,695 | +€18,169 | +719.2% |
| Profit (loss) for the period | 9904 | €6,363 | €44,414 | +€38,051 | +598.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,363 | €44,414 | +€38,051 | +598.0% |
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 9 October 2026 via checked.be.