Ruffo Reale: 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.
Ruffo Reale
Largest movements
- Cash -€17,115
down €17,115 (-34.3%), from €49,832 to €32,718
mainly Other debts (-€14,401) and Receivables within one year (-€4,660)
- Receivables within one year +€4,660
up €4,660 (+33.4%), from €13,939 to €18,598
of which Trade receivables: +€13,592
- Tangible fixed assets -€1,435
down €1,435 (-14.0%), from €10,283 to €8,848
of which Furniture and vehicles: -€1,075
- Other debts -€14,401
down €14,401 (-26.0%), from €55,411 to €41,010
- Trade debts +€4,179
new in 2025: €4,179
- Tax, wage and social debts -€4,168
down €4,168 (-31.7%), from €13,149 to €8,980
of which Taxes: -€2,805
- Gross operating margin -€20,166
down €20,166 (-29.1%), from €69,185 to €49,019
- Taxes -€3,293
down €3,293 (-91.2%), from €3,612 to €319
- Other operating charges -€2,126
down €2,126 (-79.2%), from €2,683 to €557
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 | €78,724 | €64,834 | -€13,891 | -17.6% |
| Fixed assets | 21/28 | €12,953 | €11,518 | -€1,435 | -11.1% |
| Tangible fixed assets | 22/27 | €10,283 | €8,848 | -€1,435 | -14.0% |
| Plant, machinery and equipment | 23 | €3,929 | €3,703 | -€226 | -5.8% |
| Furniture and vehicles | 24 | €2,236 | €1,161 | -€1,075 | -48.1% |
| Other tangible fixed assets | 26 | €4,118 | €3,983 | -€134 | -3.3% |
| Financial fixed assets | 28 | €2,670 | €2,670 | = | 0.0% |
| Current assets | 29/58 | €65,771 | €53,316 | -€12,455 | -18.9% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,939 | €18,598 | +€4,660 | +33.4% |
| Trade receivables | 40 | €4,771 | €18,364 | +€13,592 | +285% |
| Other amounts receivable | 41 | €9,167 | €234 | -€8,933 | -97.4% |
| Cash at bank and in hand | 54/58 | €49,832 | €32,718 | -€17,115 | -34.3% |
| Total equity and liabilities | 10/49 | €78,724 | €64,834 | -€13,891 | -17.6% |
| Equity | 10/15 | €10,165 | €10,665 | +€500 | +4.9% |
| Reserves | 13 | €10,165 | €10,665 | +€500 | +4.9% |
| Distributable reserves | 133 | €10,165 | €10,665 | +€500 | +4.9% |
| Amounts payable | 17/49 | €68,559 | €54,169 | -€14,391 | -21.0% |
| Amounts payable within one year | 42/48 | €68,559 | €54,169 | -€14,391 | -21.0% |
| Trade debts | 44 | - | €4,179 | +€4,179 | |
| Suppliers | 440/4 | - | €4,179 | +€4,179 | |
| Taxes, remuneration and social security | 45 | €13,149 | €8,980 | -€4,168 | -31.7% |
| Taxes | 450/3 | €8,968 | €6,164 | -€2,805 | -31.3% |
| Remuneration and social security | 454/9 | €4,180 | €2,817 | -€1,363 | -32.6% |
| Other amounts payable | 47/48 | €55,411 | €41,010 | -€14,401 | -26.0% |
| Remuneration, social security and pensions | 62 | €43,192 | €43,539 | +€347 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,966 | €4,058 | +€92 | +2.3% |
| Other operating charges | 640/8 | €2,683 | €557 | -€2,126 | -79.2% |
| Gross operating margin | 9900 | €69,185 | €49,019 | -€20,166 | -29.1% |
| Operating profit (loss) | 9901 | €19,344 | €865 | -€18,479 | -95.5% |
| Financial income | 75/76B | €377 | €0 | -€377 | -100.0% |
| Recurring financial income | 75 | €377 | €0 | -€377 | -100.0% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €19,675 | €819 | -€18,856 | -95.8% |
| Income taxes | 67/77 | €3,612 | €319 | -€3,293 | -91.2% |
| Profit (loss) for the period | 9904 | €16,063 | €500 | -€15,563 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,063 | €500 | -€15,563 | -96.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.