RUFFLARD CONSTRUCT: 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.
RUFFLARD CONSTRUCT
Largest movements
- Tangible fixed assets +€122,274
up €122,274 (+273.9%), from €44,642 to €166,916
of which Land and buildings: +€99,623
- Cash +€49,453
up €49,453 (+75.5%), from €65,467 to €114,920
mainly Debts after one year (+€119,245) and Depreciation (+€48,133)
- Receivables within one year -€18,148
down €18,148 (-48.7%), from €37,298 to €19,150
of which Trade receivables: -€24,875
- Deferred charges and accrued income +€3,128
up €3,128 (+89.8%), from €3,484 to €6,612
- Debts after one year +€119,245
up €119,245 (+393.5%), from €30,305 to €149,550
- Reserves +€37,637
up €37,637 (+66.7%), from €56,462 to €94,099
- Current portion of long-term debt +€15,261
up €15,261 (+96.2%), from €15,857 to €31,118
- Tax, wage and social debts -€14,942
down €14,942 (-74.7%), from €20,015 to €5,073
of which Remuneration and social security: -€14,640
- Gross operating margin +€55,213
up €55,213 (+31.7%), from €173,899 to €229,112
- Depreciation +€21,940
up €21,940 (+83.8%), from €26,194 to €48,133
- Taxes +€4,753
up €4,753 (+128.0%), from €3,714 to €8,467
- Staff costs +€4,715
up €4,715 (+3.7%), from €126,867 to €131,582
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 | €154,771 | €311,272 | +€156,502 | +101.1% |
| Fixed assets | 21/28 | €45,317 | €167,591 | +€122,274 | +269.8% |
| Tangible fixed assets | 22/27 | €44,642 | €166,916 | +€122,274 | +273.9% |
| Land and buildings | 22 | - | €99,623 | +€99,623 | |
| Furniture and vehicles | 24 | €44,642 | €67,293 | +€22,651 | +50.7% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €109,454 | €143,682 | +€34,228 | +31.3% |
| Stocks and contracts in progress | 3 | €3,205 | €3,000 | -€205 | -6.4% |
| Stocks | 30/36 | €3,205 | €3,000 | -€205 | -6.4% |
| Amounts receivable within one year | 40/41 | €37,298 | €19,150 | -€18,148 | -48.7% |
| Trade receivables | 40 | €29,148 | €4,273 | -€24,875 | -85.3% |
| Other amounts receivable | 41 | €8,150 | €14,877 | +€6,727 | +82.5% |
| Cash at bank and in hand | 54/58 | €65,467 | €114,920 | +€49,453 | +75.5% |
| Deferred charges and accrued income | 490/1 | €3,484 | €6,612 | +€3,128 | +89.8% |
| Total equity and liabilities | 10/49 | €154,771 | €311,272 | +€156,502 | +101.1% |
| Equity | 10/15 | €62,962 | €100,599 | +€37,637 | +59.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €56,462 | €94,099 | +€37,637 | +66.7% |
| Distributable reserves | 133 | €56,462 | €94,099 | +€37,637 | +66.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €91,809 | €210,673 | +€118,865 | +129.5% |
| Amounts payable after more than one year | 17 | €30,305 | €149,550 | +€119,245 | +393.5% |
| Financial debts | 170/4 | €30,305 | €149,550 | +€119,245 | +393.5% |
| Amounts payable within one year | 42/48 | €61,503 | €61,123 | -€381 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €15,857 | €31,118 | +€15,261 | +96.2% |
| Trade debts | 44 | €3,239 | €1,814 | -€1,425 | -44.0% |
| Suppliers | 440/4 | €3,239 | €1,814 | -€1,425 | -44.0% |
| Taxes, remuneration and social security | 45 | €20,015 | €5,073 | -€14,942 | -74.7% |
| Taxes | 450/3 | €5,375 | €5,073 | -€302 | -5.6% |
| Remuneration and social security | 454/9 | €14,640 | €0 | -€14,640 | -100.0% |
| Other amounts payable | 47/48 | €22,392 | €23,117 | +€725 | +3.2% |
| Remuneration, social security and pensions | 62 | €126,867 | €131,582 | +€4,715 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,194 | €48,133 | +€21,940 | +83.8% |
| Other operating charges | 640/8 | €1,710 | €636 | -€1,074 | -62.8% |
| Gross operating margin | 9900 | €173,899 | €229,112 | +€55,213 | +31.7% |
| Operating profit (loss) | 9901 | €19,128 | €48,760 | +€29,632 | +154.9% |
| Financial income | 75/76B | €31 | €73 | +€42 | +138.6% |
| Recurring financial income | 75 | €31 | €73 | +€42 | +138.6% |
| Financial charges | 65/66B | €2,280 | €2,729 | +€449 | +19.7% |
| Recurring financial charges | 65 | €2,280 | €2,729 | +€449 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €16,879 | €46,104 | +€29,225 | +173.1% |
| Income taxes | 67/77 | €3,714 | €8,467 | +€4,753 | +128.0% |
| Profit (loss) for the period | 9904 | €13,165 | €37,637 | +€24,473 | +185.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,165 | €37,637 | +€24,473 | +185.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.