RUJAX: 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.
RUJAX
Largest movements
- Tangible fixed assets +€38,716
up €38,716 (+108%), from €35,989 to €74,705
of which Leasing and similar rights: +€71,188
- Cash +€18,105
up €18,105 (+38.7%), from €46,770 to €64,875
mainly Debts after one year (+€42,543) and Net result for the year (+€22,793)
- Financial fixed assets +€5,100
new in 2025: €5,100
- Debts after one year +€42,543
up €42,543 (+233%), from €18,265 to €60,807
- Reserves +€21,960
up €21,960 (+65.0%), from €33,764 to €55,725
- Other debts -€3,200
down €3,200 (-20.6%), from €15,539 to €12,339
- Current portion of long-term debt +€2,657
up €2,657 (+23.0%), from €11,556 to €14,212
- Depreciation -€5,335
down €5,335 (-38.7%), from €13,774 to €8,440
- Gross operating margin +€3,940
up €3,940 (+7.9%), from €50,087 to €54,026
- Other operating charges +€1,995
up €1,995 (+152%), from €1,314 to €3,310
- Taxes -€764
down €764 (-10.1%), from €7,594 to €6,830
- Financial charges +€678
up €678 (+41.3%), from €1,640 to €2,318
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 | €89,003 | €152,138 | +€63,135 | +70.9% |
| Fixed assets | 21/28 | €35,989 | €79,805 | +€43,816 | +122% |
| Tangible fixed assets | 22/27 | €35,989 | €74,705 | +€38,716 | +108% |
| Furniture and vehicles | 24 | €35,989 | €3,518 | -€32,472 | -90.2% |
| Leasing and similar rights | 25 | - | €71,188 | +€71,188 | |
| Financial fixed assets | 28 | - | €5,100 | +€5,100 | |
| Current assets | 29/58 | €53,014 | €72,333 | +€19,319 | +36.4% |
| Amounts receivable within one year | 40/41 | €5,387 | €5,810 | +€423 | +7.9% |
| Trade receivables | 40 | €0 | €4,600 | +€4,600 | |
| Other amounts receivable | 41 | €5,387 | €1,210 | -€4,176 | -77.5% |
| Cash at bank and in hand | 54/58 | €46,770 | €64,875 | +€18,105 | +38.7% |
| Deferred charges and accrued income | 490/1 | €858 | €1,648 | +€790 | +92.2% |
| Total equity and liabilities | 10/49 | €89,003 | €152,138 | +€63,135 | +70.9% |
| Equity | 10/15 | €36,764 | €58,725 | +€21,960 | +59.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,764 | €55,725 | +€21,960 | +65.0% |
| Distributable reserves | 133 | €33,764 | €55,725 | +€21,960 | +65.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,239 | €93,414 | +€41,175 | +78.8% |
| Amounts payable after more than one year | 17 | €18,265 | €60,807 | +€42,543 | +233% |
| Financial debts | 170/4 | €18,265 | €60,807 | +€42,543 | +233% |
| Amounts payable within one year | 42/48 | €33,974 | €31,881 | -€2,093 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €11,556 | €14,212 | +€2,657 | +23.0% |
| Trade debts | 44 | €1,735 | €1,667 | -€68 | -3.9% |
| Suppliers | 440/4 | €1,735 | €1,667 | -€68 | -3.9% |
| Taxes, remuneration and social security | 45 | €5,145 | €3,662 | -€1,483 | -28.8% |
| Taxes | 450/3 | €5,145 | €3,662 | -€1,483 | -28.8% |
| Other amounts payable | 47/48 | €15,539 | €12,339 | -€3,200 | -20.6% |
| Accrued charges and deferred income | 492/3 | - | €725 | +€725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,774 | €8,440 | -€5,335 | -38.7% |
| Other operating charges | 640/8 | €1,314 | €3,310 | +€1,995 | +152% |
| Non-recurring operating charges | 66A | - | €10,344 | +€10,344 | |
| Gross operating margin | 9900 | €50,087 | €54,026 | +€3,940 | +7.9% |
| Operating profit (loss) | 9901 | €34,998 | €31,933 | -€3,065 | -8.8% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €1,640 | €2,318 | +€678 | +41.3% |
| Recurring financial charges | 65 | €1,640 | €2,318 | +€678 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €33,358 | €29,623 | -€3,735 | -11.2% |
| Income taxes | 67/77 | €7,594 | €6,830 | -€764 | -10.1% |
| Profit (loss) for the period | 9904 | €25,764 | €22,793 | -€2,971 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,764 | €22,793 | -€2,971 | -11.5% |
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 13 October 2026 via checked.be.