RUIDENBERG: 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.
RUIDENBERG
Largest movements
- Tangible fixed assets +€250,228
up €250,228 (+146%), from €171,355 to €421,583
of which Land and buildings: +€250,228
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Receivables within one year -€54,612
down €54,612 (-81.7%), from €66,837 to €12,224
of which Other amounts receivable: -€51,587
- Cash +€33,091
up €33,091 (+49.5%), from €66,874 to €99,965
mainly Trade debts (+€144,821) and Current investments (+€60,000)
- Trade debts +€144,821
up €144,821 (+958%), from €15,112 to €159,933
- Other debts +€22,751
new in 2025: €22,751
- Reserves +€18,920
up €18,920 (+7.1%), from €267,887 to €286,807
of which Distributable reserves: +€18,920
- Debts after one year -€15,656
down €15,656 (-56.9%), from €27,516 to €11,861
- Taxes -€7,146
down €7,146 (-46.6%), from €15,338 to €8,193
- Gross operating margin -€4,941
down €4,941 (-6.3%), from €78,857 to €73,915
- Depreciation +€2,286
up €2,286 (+9.7%), from €23,492 to €25,778
- Financial income -€1,507
down €1,507 (-52.8%), from €2,857 to €1,349
- Other operating charges -€947
down €947 (-36.6%), from €2,590 to €1,643
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 | €369,298 | €535,253 | +€165,955 | +44.9% |
| Fixed assets | 21/28 | €171,355 | €421,583 | +€250,228 | +146% |
| Tangible fixed assets | 22/27 | €171,355 | €421,583 | +€250,228 | +146% |
| Land and buildings | 22 | €171,355 | €421,583 | +€250,228 | +146% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €197,943 | €113,670 | -€84,273 | -42.6% |
| Amounts receivable within one year | 40/41 | €66,837 | €12,224 | -€54,612 | -81.7% |
| Trade receivables | 40 | €6,050 | €3,025 | -€3,025 | -50.0% |
| Other amounts receivable | 41 | €60,787 | €9,199 | -€51,587 | -84.9% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €66,874 | €99,965 | +€33,091 | +49.5% |
| Deferred charges and accrued income | 490/1 | €4,233 | €1,481 | -€2,752 | -65.0% |
| Total equity and liabilities | 10/49 | €369,298 | €535,253 | +€165,955 | +44.9% |
| Equity | 10/15 | €280,287 | €299,207 | +€18,920 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,887 | €286,807 | +€18,920 | +7.1% |
| Tax-exempt reserves | 132 | €92,938 | €92,938 | = | 0.0% |
| Distributable reserves | 133 | €174,949 | €193,868 | +€18,920 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €23,235 | €23,235 | = | 0.0% |
| Deferred taxes | 168 | €23,235 | €23,235 | = | 0.0% |
| Amounts payable | 17/49 | €65,776 | €212,812 | +€147,036 | +224% |
| Amounts payable after more than one year | 17 | €27,516 | €11,861 | -€15,656 | -56.9% |
| Financial debts | 170/4 | €27,516 | €11,861 | -€15,656 | -56.9% |
| Amounts payable within one year | 42/48 | €38,246 | €200,951 | +€162,705 | +425% |
| Current portion of amounts payable after more than one year | 42 | €15,476 | €15,656 | +€180 | +1.2% |
| Trade debts | 44 | €15,112 | €159,933 | +€144,821 | +958% |
| Suppliers | 440/4 | €15,112 | €159,933 | +€144,821 | +958% |
| Taxes, remuneration and social security | 45 | €7,658 | €2,612 | -€5,046 | -65.9% |
| Taxes | 450/3 | €7,658 | €2,552 | -€5,106 | -66.7% |
| Remuneration and social security | 454/9 | €0 | €60 | +€60 | |
| Other amounts payable | 47/48 | - | €22,751 | +€22,751 | |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,492 | €25,778 | +€2,286 | +9.7% |
| Other operating charges | 640/8 | €2,590 | €1,643 | -€947 | -36.6% |
| Gross operating margin | 9900 | €78,857 | €73,915 | -€4,941 | -6.3% |
| Operating profit (loss) | 9901 | €52,775 | €46,495 | -€6,280 | -11.9% |
| Financial income | 75/76B | €2,857 | €1,349 | -€1,507 | -52.8% |
| Recurring financial income | 75 | €2,857 | €1,349 | -€1,507 | -52.8% |
| Financial charges | 65/66B | €815 | €650 | -€165 | -20.3% |
| Recurring financial charges | 65 | €815 | €650 | -€165 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €54,816 | €47,194 | -€7,622 | -13.9% |
| Income taxes | 67/77 | €15,338 | €8,193 | -€7,146 | -46.6% |
| Profit (loss) for the period | 9904 | €39,477 | €39,001 | -€477 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,477 | €39,001 | -€477 | -1.2% |
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 26 October 2026 via checked.be.