RUISONG: 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.
RUISONG
Largest movements
- Cash -€86,266
down €86,266 (-49.7%), from €173,748 to €87,482
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€69,960)
- Tangible fixed assets +€53,558
up €53,558 (+277.6%), from €19,294 to €72,851
of which Furniture and vehicles: +€53,771
- Current investments +€23,501
up €23,501 (+109.1%), from €21,542 to €45,043
- Reserves -€12,936
down €12,936 (-5.6%), from €229,782 to €216,847
- Trade debts +€4,473
up €4,473 (+102.2%), from €4,377 to €8,850
- Depreciation +€12,860
up €12,860 (+363.1%), from €3,542 to €16,402
- Gross operating margin +€6,196
up €6,196 (+5.1%), from €122,172 to €128,368
- Other operating charges -€1,869
down €1,869 (-65.2%), from €2,864 to €995
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 | €248,137 | €239,850 | -€8,287 | -3.3% |
| Fixed assets | 21/28 | €19,294 | €72,851 | +€53,558 | +277.6% |
| Tangible fixed assets | 22/27 | €19,294 | €72,851 | +€53,558 | +277.6% |
| Plant, machinery and equipment | 23 | €1,964 | €857 | -€1,107 | -56.3% |
| Furniture and vehicles | 24 | €191 | €53,962 | +€53,771 | +28114.2% |
| Other tangible fixed assets | 26 | €17,138 | €18,031 | +€893 | +5.2% |
| Current assets | 29/58 | €228,843 | €166,998 | -€61,845 | -27.0% |
| Amounts receivable within one year | 40/41 | €33,451 | €34,322 | +€871 | +2.6% |
| Trade receivables | 40 | €26,039 | €25,234 | -€805 | -3.1% |
| Other amounts receivable | 41 | €7,413 | €9,088 | +€1,676 | +22.6% |
| Current investments | 50/53 | €21,542 | €45,043 | +€23,501 | +109.1% |
| Cash at bank and in hand | 54/58 | €173,748 | €87,482 | -€86,266 | -49.7% |
| Deferred charges and accrued income | 490/1 | €102 | €152 | +€50 | +48.9% |
| Total equity and liabilities | 10/49 | €248,137 | €239,850 | -€8,287 | -3.3% |
| Equity | 10/15 | €232,782 | €219,847 | -€12,936 | -5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €229,782 | €216,847 | -€12,936 | -5.6% |
| Distributable reserves | 133 | €229,782 | €216,847 | -€12,936 | -5.6% |
| Amounts payable | 17/49 | €15,355 | €20,003 | +€4,648 | +30.3% |
| Amounts payable within one year | 42/48 | €15,355 | €20,003 | +€4,648 | +30.3% |
| Trade debts | 44 | €4,377 | €8,850 | +€4,473 | +102.2% |
| Suppliers | 440/4 | €4,377 | €8,850 | +€4,473 | +102.2% |
| Taxes, remuneration and social security | 45 | €10,978 | €11,153 | +€175 | +1.6% |
| Taxes | 450/3 | €10,978 | €11,153 | +€175 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,542 | €16,402 | +€12,860 | +363.1% |
| Other operating charges | 640/8 | €2,864 | €995 | -€1,869 | -65.2% |
| Gross operating margin | 9900 | €122,172 | €128,368 | +€6,196 | +5.1% |
| Operating profit (loss) | 9901 | €115,766 | €110,971 | -€4,795 | -4.1% |
| Financial income | 75/76B | €18 | €392 | +€373 | +2036.2% |
| Recurring financial income | 75 | €18 | €392 | +€373 | +2036.2% |
| Financial charges | 65/66B | €627 | €854 | +€227 | +36.2% |
| Recurring financial charges | 65 | €627 | €854 | +€227 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €115,157 | €110,509 | -€4,648 | -4.0% |
| Income taxes | 67/77 | €24,627 | €23,445 | -€1,182 | -4.8% |
| Profit (loss) for the period | 9904 | €90,530 | €87,064 | -€3,466 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,530 | €87,064 | -€3,466 | -3.8% |
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 10 October 2026 via checked.be.