RUFLEX: 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.
RUFLEX
Largest movements
- Tangible fixed assets -€23,419
down €23,419 (-2.4%), from €968,946 to €945,526
of which Land and buildings: -€19,243
- Cash -€13,708
down €13,708 (-67.0%), from €20,465 to €6,756
mainly Debts after one year (-€48,757) and Investment in fixed assets (net) (-€12,000)
- Debts after one year -€48,757
down €48,757 (-6.6%), from €744,317 to €695,559
- Other debts +€10,807
up €10,807 (+47.5%), from €22,750 to €33,557
- Gross operating margin -€3,708
down €3,708 (-4.7%), from €79,412 to €75,703
- Financial income -€2,790
down €2,790 (-100%), from €2,790 to €0
of which Non-recurring financial income: -€2,790
- Financial charges -€2,326
down €2,326 (-7.2%), from €32,353 to €30,027
- Depreciation +€1,946
up €1,946 (+5.8%), from €33,474 to €35,419
- Other operating charges -€1,366
down €1,366 (-14.2%), from €9,654 to €8,288
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 | €1,024,746 | €990,056 | -€34,690 | -3.4% |
| Fixed assets | 21/28 | €968,946 | €945,526 | -€23,419 | -2.4% |
| Tangible fixed assets | 22/27 | €968,946 | €945,526 | -€23,419 | -2.4% |
| Land and buildings | 22 | €959,818 | €940,574 | -€19,243 | -2.0% |
| Plant, machinery and equipment | 23 | €541 | €0 | -€541 | -100% |
| Furniture and vehicles | 24 | €8,587 | €4,952 | -€3,635 | -42.3% |
| Current assets | 29/58 | €55,800 | €44,530 | -€11,270 | -20.2% |
| Amounts receivable within one year | 40/41 | €28,677 | €29,338 | +€661 | +2.3% |
| Trade receivables | 40 | €23,615 | €29,264 | +€5,649 | +23.9% |
| Other amounts receivable | 41 | €5,062 | €74 | -€4,988 | -98.5% |
| Cash at bank and in hand | 54/58 | €20,465 | €6,756 | -€13,708 | -67.0% |
| Deferred charges and accrued income | 490/1 | €6,658 | €8,435 | +€1,777 | +26.7% |
| Total equity and liabilities | 10/49 | €1,024,746 | €990,056 | -€34,690 | -3.4% |
| Equity | 10/15 | €202,609 | €204,578 | +€1,969 | +1.0% |
| Contributions | 10/11 | €595,100 | €595,100 | = | 0.0% |
| Reserves | 13 | €2,010 | €2,010 | = | 0.0% |
| Distributable reserves | 133 | €2,010 | €2,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,501 | -€392,532 | +€1,969 | +0.5% |
| Amounts payable | 17/49 | €822,137 | €785,479 | -€36,659 | -4.5% |
| Amounts payable after more than one year | 17 | €744,317 | €695,559 | -€48,757 | -6.6% |
| Financial debts | 170/4 | €744,317 | €695,559 | -€48,757 | -6.6% |
| Amounts payable within one year | 42/48 | €77,820 | €89,919 | +€12,099 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €46,991 | €48,757 | +€1,766 | +3.8% |
| Trade debts | 44 | €7,640 | €7,604 | -€35 | -0.5% |
| Suppliers | 440/4 | €7,640 | €7,604 | -€35 | -0.5% |
| Taxes, remuneration and social security | 45 | €440 | €0 | -€440 | -100% |
| Taxes | 450/3 | €440 | €0 | -€440 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,750 | €33,557 | +€10,807 | +47.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€197 | €0 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,474 | €35,419 | +€1,946 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,183 | €0 | +€1,183 | |
| Other operating charges | 640/8 | €9,654 | €8,288 | -€1,366 | -14.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €79,412 | €75,703 | -€3,708 | -4.7% |
| Operating profit (loss) | 9901 | €37,665 | €31,996 | -€5,669 | -15.1% |
| Financial income | 75/76B | €2,790 | €0 | -€2,790 | -100% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €2,790 | €0 | -€2,790 | -100% |
| Financial charges | 65/66B | €32,353 | €30,027 | -€2,326 | -7.2% |
| Recurring financial charges | 65 | €32,353 | €30,027 | -€2,326 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €8,102 | €1,969 | -€6,133 | -75.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €8,102 | €1,969 | -€6,133 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,102 | €1,969 | -€6,133 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.