RUHACO: 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.
RUHACO
Largest movements
- Current investments +€125,000
new in 2025: €125,000
- Tangible fixed assets -€98,381
down €98,381 (-19.4%), from €506,648 to €408,268
of which Furniture and vehicles: -€79,426
- Deferred charges and accrued income +€30,875
up €30,875 (+387%), from €7,969 to €38,844
- Receivables within one year -€18,094
down €18,094 (-28.2%), from €64,086 to €45,993
of which Trade receivables: -€19,441
- Cash -€15,961
down €15,961 (-10.2%), from €156,546 to €140,585
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€42,200)
- Other debts +€15,833
up €15,833 (+20.0%), from €79,290 to €95,124
- Tax, wage and social debts -€9,518
down €9,518 (-82.9%), from €11,476 to €1,958
- Gross operating margin -€155,895
down €155,895 (-43.1%), from €361,693 to €205,799
- Taxes -€52,214
down €52,214 (-90.4%), from €57,758 to €5,544
- Other operating charges +€37,146
up €37,146 (+183%), from €20,285 to €57,431
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 | €843,369 | €854,862 | +€11,493 | +1.4% |
| Fixed assets | 21/28 | €582,795 | €484,414 | -€98,381 | -16.9% |
| Tangible fixed assets | 22/27 | €506,648 | €408,268 | -€98,381 | -19.4% |
| Land and buildings | 22 | €97,270 | €86,053 | -€11,217 | -11.5% |
| Plant, machinery and equipment | 23 | €161,230 | €153,493 | -€7,737 | -4.8% |
| Furniture and vehicles | 24 | €248,148 | €168,722 | -€79,426 | -32.0% |
| Financial fixed assets | 28 | €76,147 | €76,147 | = | 0.0% |
| Current assets | 29/58 | €260,574 | €370,448 | +€109,874 | +42.2% |
| Stocks and contracts in progress | 3 | €31,973 | €20,026 | -€11,947 | -37.4% |
| Stocks | 30/36 | €31,973 | €20,026 | -€11,947 | -37.4% |
| Amounts receivable within one year | 40/41 | €64,086 | €45,993 | -€18,094 | -28.2% |
| Trade receivables | 40 | €57,093 | €37,652 | -€19,441 | -34.1% |
| Other amounts receivable | 41 | €6,993 | €8,341 | +€1,347 | +19.3% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €156,546 | €140,585 | -€15,961 | -10.2% |
| Deferred charges and accrued income | 490/1 | €7,969 | €38,844 | +€30,875 | +387% |
| Total equity and liabilities | 10/49 | €843,369 | €854,862 | +€11,493 | +1.4% |
| Equity | 10/15 | €677,256 | €683,104 | +€5,848 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €658,656 | €664,504 | +€5,848 | +0.9% |
| Tax-exempt reserves | 132 | €80,500 | €77,790 | -€2,709 | -3.4% |
| Distributable reserves | 133 | €578,157 | €586,714 | +€8,557 | +1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €2,232 | €1,555 | -€677 | -30.3% |
| Deferred taxes | 168 | €2,232 | €1,555 | -€677 | -30.3% |
| Amounts payable | 17/49 | €163,880 | €170,203 | +€6,323 | +3.9% |
| Amounts payable within one year | 42/48 | €145,480 | €150,096 | +€4,616 | +3.2% |
| Trade debts | 44 | €54,714 | €53,014 | -€1,699 | -3.1% |
| Suppliers | 440/4 | €54,714 | €53,014 | -€1,699 | -3.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,476 | €1,958 | -€9,518 | -82.9% |
| Taxes | 450/3 | €11,476 | €1,958 | -€9,518 | -82.9% |
| Other amounts payable | 47/48 | €79,290 | €95,124 | +€15,833 | +20.0% |
| Accrued charges and deferred income | 492/3 | €18,400 | €20,107 | +€1,707 | +9.3% |
| Non-recurring operating income | 76A | €5,522 | €0 | -€5,522 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,121 | €140,581 | -€2,540 | -1.8% |
| Other operating charges | 640/8 | €20,285 | €57,431 | +€37,146 | +183% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €361,693 | €205,799 | -€155,895 | -43.1% |
| Operating profit (loss) | 9901 | €198,287 | €7,787 | -€190,500 | -96.1% |
| Financial income | 75/76B | €4,851 | €7,997 | +€3,146 | +64.9% |
| Recurring financial income | 75 | €4,851 | €7,997 | +€3,146 | +64.9% |
| Financial charges | 65/66B | €358 | €69 | -€288 | -80.6% |
| Recurring financial charges | 65 | €358 | €69 | -€288 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €202,780 | €15,714 | -€187,066 | -92.3% |
| Transfer from deferred taxes | 780 | €677 | €677 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €57,758 | €5,544 | -€52,214 | -90.4% |
| Profit (loss) for the period | 9904 | €145,699 | €10,848 | -€134,851 | -92.6% |
| Transfer from tax-exempt reserves | 789 | €2,709 | €2,709 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €71,570 | €0 | -€71,570 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €76,839 | €13,557 | -€63,281 | -82.4% |
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 14 October 2026 via checked.be.