RUFISIMO: 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.
RUFISIMO
Largest movements
- Receivables after one year +€185,131
up €185,131 (+11.2%), from €1.6m to €1.8m
- Receivables within one year +€125,592
up €125,592 (+22.3%), from €562,622 to €688,215
of which Other amounts receivable: +€76,007
- Current investments +€100,000
new in 2025: €100,000
- Cash -€60,583
down €60,583 (-56.4%), from €107,467 to €46,884
mainly Receivables after one year (-€185,131) and Receivables within one year (-€125,592)
- Reserves +€357,519
up €357,519 (+16.7%), from €2.1m to €2.5m
of which Distributable reserves: +€357,519
- Gross operating margin +€48,309
up €48,309 (+11.0%), from €440,017 to €488,326
- Taxes +€17,851
up €17,851 (+12.3%), from €144,853 to €162,704
- Depreciation -€17,438
down €17,438 (-93.3%), from €18,694 to €1,256
- Financial income -€9,816
down €9,816 (-22.0%), from €44,671 to €34,854
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 | €2,334,097 | €2,680,402 | +€346,306 | +14.8% |
| Fixed assets | 21/28 | €1,785 | €2,771 | +€985 | +55.2% |
| Tangible fixed assets | 22/27 | €1,785 | €2,771 | +€985 | +55.2% |
| Furniture and vehicles | 24 | €229 | €1,803 | +€1,574 | +688.9% |
| Other tangible fixed assets | 26 | €1,557 | €968 | -€589 | -37.8% |
| Current assets | 29/58 | €2,332,311 | €2,677,632 | +€345,320 | +14.8% |
| Amounts receivable after more than one year | 29 | €1,647,529 | €1,832,661 | +€185,131 | +11.2% |
| Other amounts receivable | 291 | €1,647,529 | €1,832,661 | +€185,131 | +11.2% |
| Amounts receivable within one year | 40/41 | €562,622 | €688,215 | +€125,592 | +22.3% |
| Trade receivables | 40 | €80,579 | €130,165 | +€49,586 | +61.5% |
| Other amounts receivable | 41 | €482,043 | €558,050 | +€76,007 | +15.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €107,467 | €46,884 | -€60,583 | -56.4% |
| Deferred charges and accrued income | 490/1 | €14,693 | €9,873 | -€4,820 | -32.8% |
| Total equity and liabilities | 10/49 | €2,334,097 | €2,680,402 | +€346,306 | +14.8% |
| Equity | 10/15 | €2,159,386 | €2,516,905 | +€357,519 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,139,386 | €2,496,905 | +€357,519 | +16.7% |
| Tax-exempt reserves | 132 | €4,338 | €4,338 | = | 0.0% |
| Distributable reserves | 133 | €2,135,048 | €2,492,568 | +€357,519 | +16.7% |
| Amounts payable | 17/49 | €174,711 | €163,497 | -€11,214 | -6.4% |
| Amounts payable within one year | 42/48 | €174,711 | €163,497 | -€11,214 | -6.4% |
| Trade debts | 44 | €38,795 | €37,811 | -€984 | -2.5% |
| Suppliers | 440/4 | €38,795 | €37,811 | -€984 | -2.5% |
| Taxes, remuneration and social security | 45 | €12,268 | €26,817 | +€14,549 | +118.6% |
| Taxes | 450/3 | €12,268 | €26,817 | +€14,549 | +118.6% |
| Other amounts payable | 47/48 | €123,648 | €98,869 | -€24,779 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,694 | €1,256 | -€17,438 | -93.3% |
| Other operating charges | 640/8 | €1,366 | €1,611 | +€245 | +17.9% |
| Gross operating margin | 9900 | €440,017 | €488,326 | +€48,309 | +11.0% |
| Operating profit (loss) | 9901 | €419,958 | €485,460 | +€65,502 | +15.6% |
| Financial income | 75/76B | €44,671 | €34,854 | -€9,816 | -22.0% |
| Recurring financial income | 75 | €44,671 | €34,854 | -€9,816 | -22.0% |
| Financial charges | 65/66B | €130 | €91 | -€39 | -30.0% |
| Recurring financial charges | 65 | €130 | €91 | -€39 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €464,499 | €520,223 | +€55,725 | +12.0% |
| Income taxes | 67/77 | €144,853 | €162,704 | +€17,851 | +12.3% |
| Profit (loss) for the period | 9904 | €319,646 | €357,519 | +€37,873 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €319,646 | €357,519 | +€37,873 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.