RUKEN: 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.
RUKEN
Largest movements
- Receivables within one year +€48,232
up €48,232 (+281.9%), from €17,107 to €65,339
of which Other amounts receivable: +€55,143
- Cash +€14,708
up €14,708 (+442.3%), from €3,325 to €18,034
mainly Net result for the year (+€52,654) and Depreciation (+€10,599)
- Tangible fixed assets -€9,376
down €9,376 (-45.1%), from €20,784 to €11,408
- Profit (loss) carried forward +€52,654
up €52,654 (+162.6%), from €32,376 to €85,031
- Trade debts +€1,322
up €1,322 (+25.4%), from €5,193 to €6,515
of which Bills of exchange payable: +€2,870
- Turnover +€107,556
up €107,556 (+93.3%), from €115,315 to €222,871
- Purchases and services +€70,190
up €70,190 (+85.8%), from €81,789 to €151,979
- Gross operating margin +€38,266
up €38,266 (+113.0%), from €33,866 to €72,132
- Depreciation -€11,765
down €11,765 (-52.6%), from €22,363 to €10,599
- Financial income +€2,461
new in 2025: €2,461
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 | €41,363 | €94,927 | +€53,564 | +129.5% |
| Fixed assets | 21/28 | €20,930 | €11,554 | -€9,376 | -44.8% |
| Tangible fixed assets | 22/27 | €20,784 | €11,408 | -€9,376 | -45.1% |
| Furniture and vehicles | 24 | €20,784 | €11,408 | -€9,376 | -45.1% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €20,432 | €83,372 | +€62,940 | +308.0% |
| Amounts receivable within one year | 40/41 | €17,107 | €65,339 | +€48,232 | +281.9% |
| Trade receivables | 40 | €6,911 | - | -€6,911 | |
| Other amounts receivable | 41 | €10,196 | €65,339 | +€55,143 | +540.8% |
| Cash at bank and in hand | 54/58 | €3,325 | €18,034 | +€14,708 | +442.3% |
| Total equity and liabilities | 10/49 | €41,363 | €94,927 | +€53,564 | +129.5% |
| Equity | 10/15 | €33,487 | €86,142 | +€52,654 | +157.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €611 | €611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €611 | €611 | = | 0.0% |
| Reserves not available under the articles | 1311 | €611 | €611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,376 | €85,031 | +€52,654 | +162.6% |
| Amounts payable | 17/49 | €7,875 | €8,785 | +€910 | +11.6% |
| Amounts payable within one year | 42/48 | €7,875 | €8,785 | +€910 | +11.6% |
| Trade debts | 44 | €5,193 | €6,515 | +€1,322 | +25.4% |
| Suppliers | 440/4 | €5,193 | €3,644 | -€1,549 | -29.8% |
| Bills of exchange payable | 441 | - | €2,870 | +€2,870 | |
| Taxes, remuneration and social security | 45 | €2,682 | €2,271 | -€412 | -15.3% |
| Taxes | 450/3 | €2,682 | €2,271 | -€412 | -15.3% |
| Turnover | 70 | €115,315 | €222,871 | +€107,556 | +93.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,789 | €151,979 | +€70,190 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,363 | €10,599 | -€11,765 | -52.6% |
| Other operating charges | 640/8 | €10,379 | €10,950 | +€571 | +5.5% |
| Gross operating margin | 9900 | €33,866 | €72,132 | +€38,266 | +113.0% |
| Operating profit (loss) | 9901 | €1,124 | €50,583 | +€49,459 | +4401.8% |
| Financial income | 75/76B | - | €2,461 | +€2,461 | |
| Recurring financial income | 75 | - | €2,461 | +€2,461 | |
| Financial charges | 65/66B | €617 | €389 | -€228 | -36.9% |
| Recurring financial charges | 65 | €617 | €389 | -€228 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €507 | €52,654 | +€52,147 | +10293.0% |
| Profit (loss) for the period | 9904 | €507 | €52,654 | +€52,147 | +10293.0% |
| Profit (loss) for the period to be appropriated | 9905 | €507 | €52,654 | +€52,147 | +10293.0% |
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 11 October 2026 via checked.be.