RUINCOLOR VANDENBERGHE: 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.
RUINCOLOR VANDENBERGHE
Largest movements
- Receivables within one year +€38,314
up €38,314 (+40.1%), from €95,484 to €133,798
of which Trade receivables: +€32,546
- Cash -€22,385
down €22,385 (-13.1%), from €170,892 to €148,508
mainly Receivables within one year (-€38,314) and Debts after one year (-€15,006)
- Stocks and contracts -€15,853
down €15,853 (-7.2%), from €220,510 to €204,657
- Tangible fixed assets -€13,994
down €13,994 (-14.3%), from €98,102 to €84,108
of which Land and buildings: -€71,284
- Debts after one year -€15,006
down €15,006 (-18.0%), from €83,386 to €68,380
- Reserves +€7,595
up €7,595 (+1.7%), from €445,820 to €453,415
- Tax, wage and social debts -€7,558
down €7,558 (-20.1%), from €37,579 to €30,022
of which Remuneration and social security: -€4,163
- Staff costs -€35,429
down €35,429 (-23.7%), from €149,251 to €113,822
- Gross operating margin -€23,364
down €23,364 (-13.9%), from €168,135 to €144,772
- Financial income -€5,088
down €5,088 (-39.9%), from €12,739 to €7,652
- Financial charges +€3,390
up €3,390 (+181%), from €1,876 to €5,266
- Depreciation -€1,960
down €1,960 (-8.2%), from €23,914 to €21,954
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 | €721,742 | €711,958 | -€9,784 | -1.4% |
| Fixed assets | 21/28 | €197,126 | €183,132 | -€13,994 | -7.1% |
| Tangible fixed assets | 22/27 | €98,102 | €84,108 | -€13,994 | -14.3% |
| Land and buildings | 22 | €71,284 | - | -€71,284 | |
| Plant, machinery and equipment | 23 | €8,233 | €6,581 | -€1,652 | -20.1% |
| Furniture and vehicles | 24 | €8,512 | €3,585 | -€4,928 | -57.9% |
| Other tangible fixed assets | 26 | €10,074 | €73,943 | +€63,869 | +634% |
| Financial fixed assets | 28 | €99,024 | €99,024 | = | 0.0% |
| Current assets | 29/58 | €524,616 | €528,827 | +€4,211 | +0.8% |
| Stocks and contracts in progress | 3 | €220,510 | €204,657 | -€15,853 | -7.2% |
| Stocks | 30/36 | €220,510 | €204,657 | -€15,853 | -7.2% |
| Amounts receivable within one year | 40/41 | €95,484 | €133,798 | +€38,314 | +40.1% |
| Trade receivables | 40 | €39,602 | €72,148 | +€32,546 | +82.2% |
| Other amounts receivable | 41 | €55,882 | €61,650 | +€5,768 | +10.3% |
| Cash at bank and in hand | 54/58 | €170,892 | €148,508 | -€22,385 | -13.1% |
| Deferred charges and accrued income | 490/1 | €37,730 | €41,865 | +€4,135 | +11.0% |
| Total equity and liabilities | 10/49 | €721,742 | €711,958 | -€9,784 | -1.4% |
| Equity | 10/15 | €470,820 | €478,415 | +€7,595 | +1.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €445,820 | €453,415 | +€7,595 | +1.7% |
| Distributable reserves | 133 | €445,820 | €453,415 | +€7,595 | +1.7% |
| Amounts payable | 17/49 | €250,922 | €233,544 | -€17,379 | -6.9% |
| Amounts payable after more than one year | 17 | €83,386 | €68,380 | -€15,006 | -18.0% |
| Financial debts | 170/4 | €83,386 | €68,380 | -€15,006 | -18.0% |
| Amounts payable within one year | 42/48 | €167,029 | €164,487 | -€2,542 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €16,063 | €16,249 | +€186 | +1.2% |
| Trade debts | 44 | €110,086 | €112,577 | +€2,491 | +2.3% |
| Suppliers | 440/4 | €110,086 | €112,577 | +€2,491 | +2.3% |
| Taxes, remuneration and social security | 45 | €37,579 | €30,022 | -€7,558 | -20.1% |
| Taxes | 450/3 | €19,096 | €15,702 | -€3,395 | -17.8% |
| Remuneration and social security | 454/9 | €18,483 | €14,320 | -€4,163 | -22.5% |
| Other amounts payable | 47/48 | €3,301 | €5,640 | +€2,339 | +70.9% |
| Accrued charges and deferred income | 492/3 | €507 | €677 | +€170 | +33.4% |
| Remuneration, social security and pensions | 62 | €149,251 | €113,822 | -€35,429 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,914 | €21,954 | -€1,960 | -8.2% |
| Other operating charges | 640/8 | €2,853 | €2,443 | -€410 | -14.4% |
| Gross operating margin | 9900 | €168,135 | €144,772 | -€23,364 | -13.9% |
| Operating profit (loss) | 9901 | -€7,883 | €6,553 | +€14,435 | |
| Financial income | 75/76B | €12,739 | €7,652 | -€5,088 | -39.9% |
| Recurring financial income | 75 | €12,739 | €7,652 | -€5,088 | -39.9% |
| Financial charges | 65/66B | €1,876 | €5,266 | +€3,390 | +181% |
| Recurring financial charges | 65 | €1,876 | €5,266 | +€3,390 | +181% |
| Profit (loss) for the period before taxes | 9903 | €2,981 | €8,938 | +€5,958 | +200% |
| Income taxes | 67/77 | €646 | €1,343 | +€697 | +108% |
| Profit (loss) for the period | 9904 | €2,335 | €7,595 | +€5,260 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €2,335 | €7,595 | +€5,260 | +225% |
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.