RUKA SHOE: what changed
Two fiscal 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.
RUKA SHOE
Largest movements
- Cash -€51,663
down €51,663 (-55.9%), from €92,478 to €40,815
mainly Other debts (-€139,504) and Stocks and contracts (-€23,711)
- Stocks and contracts +€23,711
up €23,711 (+7.8%), from €303,399 to €327,110
- Other debts -€139,504
down €139,504 (-97.6%), from €142,955 to €3,451
- Debts after one year +€130,000
up €130,000 (+650.0%), from €20,000 to €150,000
- Trade debts -€9,777
down €9,777 (-45.0%), from €21,749 to €11,972
- Short-term financial debts +€9,276
up €9,276 (+477.0%), from €1,945 to €11,220
- Tax, wage and social debts -€9,206
down €9,206 (-22.2%), from €41,387 to €32,181
of which Taxes: -€7,101
- Gross operating margin -€24,582
down €24,582 (-45.8%), from €53,622 to €29,040
- Financial charges -€8,311
down €8,311 (-61.9%), from €13,434 to €5,123
- Taxes -€4,978
down €4,978 (-73.7%), from €6,752 to €1,774
- Depreciation +€1,587
up €1,587 (+23.0%), from €6,908 to €8,494
- Staff costs -€1,528
down €1,528 (-20.0%), from €7,650 to €6,122
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 | €444,381 | €415,784 | -€28,597 | -6.4% |
| Fixed assets | 21/28 | €37,297 | €34,933 | -€2,364 | -6.3% |
| Tangible fixed assets | 22/27 | €32,866 | €30,502 | -€2,364 | -7.2% |
| Plant, machinery and equipment | 23 | €17,067 | €17,067 | = | 0.0% |
| Furniture and vehicles | 24 | €8,916 | €7,993 | -€923 | -10.4% |
| Other tangible fixed assets | 26 | €6,883 | €5,442 | -€1,441 | -20.9% |
| Financial fixed assets | 28 | €4,431 | €4,431 | = | 0.0% |
| Current assets | 29/58 | €407,084 | €380,850 | -€26,233 | -6.4% |
| Stocks and contracts in progress | 3 | €303,399 | €327,110 | +€23,711 | +7.8% |
| Stocks | 30/36 | €303,399 | €327,110 | +€23,711 | +7.8% |
| Amounts receivable within one year | 40/41 | €7,951 | €5,997 | -€1,954 | -24.6% |
| Trade receivables | 40 | €7,951 | €3,770 | -€4,182 | -52.6% |
| Other amounts receivable | 41 | - | €2,227 | +€2,227 | |
| Cash at bank and in hand | 54/58 | €92,478 | €40,815 | -€51,663 | -55.9% |
| Deferred charges and accrued income | 490/1 | €3,255 | €6,928 | +€3,673 | +112.9% |
| Total equity and liabilities | 10/49 | €444,381 | €415,784 | -€28,597 | -6.4% |
| Equity | 10/15 | €206,919 | €205,481 | -€1,438 | -0.7% |
| Contributions | 10/11 | €103,047 | €103,047 | = | 0.0% |
| Reserves | 13 | €133,761 | €133,761 | = | 0.0% |
| Distributable reserves | 133 | €133,761 | €133,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,889 | -€31,327 | -€1,438 | -4.8% |
| Amounts payable | 17/49 | €237,462 | €210,302 | -€27,159 | -11.4% |
| Amounts payable after more than one year | 17 | €20,000 | €150,000 | +€130,000 | +650.0% |
| Financial debts | 170/4 | €20,000 | €150,000 | +€130,000 | +650.0% |
| Amounts payable within one year | 42/48 | €208,035 | €58,824 | -€149,211 | -71.7% |
| Financial debts | 43 | €1,945 | €11,220 | +€9,276 | +477.0% |
| Credit institutions | 430/8 | €1,945 | €11,220 | +€9,276 | +477.0% |
| Trade debts | 44 | €21,749 | €11,972 | -€9,777 | -45.0% |
| Suppliers | 440/4 | €21,749 | €11,972 | -€9,777 | -45.0% |
| Taxes, remuneration and social security | 45 | €41,387 | €32,181 | -€9,206 | -22.2% |
| Taxes | 450/3 | €38,764 | €31,663 | -€7,101 | -18.3% |
| Remuneration and social security | 454/9 | €2,624 | €519 | -€2,105 | -80.2% |
| Other amounts payable | 47/48 | €142,955 | €3,451 | -€139,504 | -97.6% |
| Accrued charges and deferred income | 492/3 | €9,426 | €1,478 | -€7,948 | -84.3% |
| Remuneration, social security and pensions | 62 | €7,650 | €6,122 | -€1,528 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,908 | €8,494 | +€1,587 | +23.0% |
| Other operating charges | 640/8 | €8,704 | €8,976 | +€271 | +3.1% |
| Gross operating margin | 9900 | €53,622 | €29,040 | -€24,582 | -45.8% |
| Operating profit (loss) | 9901 | €30,360 | €5,447 | -€24,913 | -82.1% |
| Financial income | 75/76B | €9 | €12 | +€3 | +40.9% |
| Recurring financial income | 75 | €9 | €12 | +€3 | +40.9% |
| Financial charges | 65/66B | €13,434 | €5,123 | -€8,311 | -61.9% |
| Recurring financial charges | 65 | €13,434 | €5,123 | -€8,311 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €16,935 | €336 | -€16,598 | -98.0% |
| Income taxes | 67/77 | €6,752 | €1,774 | -€4,978 | -73.7% |
| Profit (loss) for the period | 9904 | €10,182 | -€1,438 | -€11,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,182 | -€1,438 | -€11,620 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.