RULAS: 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.
RULAS
Largest movements
- Cash -€287,274
down €287,274 (-91.7%), from €313,357 to €26,083
mainly Contributions, distributions and other (-€378,517) and Receivables within one year (-€199,053)
- Receivables within one year +€199,053
up €199,053 (+20.7%), from €962,900 to €1.2m
of which Other amounts receivable: +€193,600
- Tangible fixed assets -€15,122
down €15,122 (-12.3%), from €123,390 to €108,268
- Reserves -€211,389
down €211,389 (-19.3%), from €1.1m to €885,800
- Other debts +€130,904
up €130,904 (+57.6%), from €227,394 to €358,299
- Tax, wage and social debts -€34,039
down €34,039 (-60.6%), from €56,182 to €22,143
- Gross operating margin -€260,612
down €260,612 (-49.0%), from €531,450 to €270,837
- Taxes -€79,599
down €79,599 (-50.3%), from €158,299 to €78,700
- Financial charges +€6,882
up €6,882 (+19617.8%), from €35 to €6,917
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,399,647 | €1,296,304 | -€103,343 | -7.4% |
| Fixed assets | 21/28 | €123,390 | €108,268 | -€15,122 | -12.3% |
| Tangible fixed assets | 22/27 | €123,390 | €108,268 | -€15,122 | -12.3% |
| Land and buildings | 22 | €123,390 | €108,268 | -€15,122 | -12.3% |
| Current assets | 29/58 | €1,276,257 | €1,188,036 | -€88,221 | -6.9% |
| Amounts receivable within one year | 40/41 | €962,900 | €1,161,953 | +€199,053 | +20.7% |
| Trade receivables | 40 | €12,705 | €18,158 | +€5,453 | +42.9% |
| Other amounts receivable | 41 | €950,195 | €1,143,795 | +€193,600 | +20.4% |
| Cash at bank and in hand | 54/58 | €313,357 | €26,083 | -€287,274 | -91.7% |
| Total equity and liabilities | 10/49 | €1,399,647 | €1,296,304 | -€103,343 | -7.4% |
| Equity | 10/15 | €1,115,788 | €904,400 | -€211,389 | -18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,097,188 | €885,800 | -€211,389 | -19.3% |
| Distributable reserves | 133 | €1,097,188 | €885,800 | -€211,389 | -19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €283,859 | €391,904 | +€108,046 | +38.1% |
| Amounts payable within one year | 42/48 | €283,859 | €380,442 | +€96,583 | +34.0% |
| Trade debts | 44 | €282 | €0 | -€282 | -100.0% |
| Suppliers | 440/4 | €282 | €0 | -€282 | -100.0% |
| Taxes, remuneration and social security | 45 | €56,182 | €22,143 | -€34,039 | -60.6% |
| Taxes | 450/3 | €56,182 | €22,143 | -€34,039 | -60.6% |
| Other amounts payable | 47/48 | €227,394 | €358,299 | +€130,904 | +57.6% |
| Accrued charges and deferred income | 492/3 | - | €11,462 | +€11,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,962 | €15,122 | -€3,840 | -20.3% |
| Other operating charges | 640/8 | €2,882 | €2,970 | +€88 | +3.0% |
| Gross operating margin | 9900 | €531,450 | €270,837 | -€260,612 | -49.0% |
| Operating profit (loss) | 9901 | €509,606 | €252,746 | -€256,860 | -50.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €35 | €6,917 | +€6,882 | +19617.8% |
| Recurring financial charges | 65 | €35 | €6,917 | +€6,882 | +19617.8% |
| Profit (loss) for the period before taxes | 9903 | €509,571 | €245,829 | -€263,742 | -51.8% |
| Income taxes | 67/77 | €158,299 | €78,700 | -€79,599 | -50.3% |
| Profit (loss) for the period | 9904 | €351,272 | €167,129 | -€184,143 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €351,272 | €167,129 | -€184,143 | -52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.