RuLe: 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.
RuLe
Largest movements
- Tangible fixed assets -€18,835
down €18,835 (-34.4%), from €54,708 to €35,873
- Receivables within one year -€5,137
down €5,137 (-7.2%), from €71,120 to €65,983
of which Other amounts receivable: -€16,387
- Stocks and contracts -€3,926
down €3,926 (-13.8%), from €28,388 to €24,462
- Deferred charges and accrued income -€3,493
down €3,493 (-20.9%), from €16,727 to €13,234
- Other debts -€27,493
down €27,493 (-93.2%), from €29,493 to €2,000
- Advances received -€24,800
no longer reported in 2024 (was €24,800)
- Current portion of long-term debt -€22,868
no longer reported in 2024 (was €22,868)
- Tax, wage and social debts +€20,301
up €20,301 (+46.3%), from €43,803 to €64,105
of which Remuneration and social security: +€19,093
- Profit (loss) carried forward +€16,916
up €16,916 (+86.7%), from €19,505 to €36,421
- Gross operating margin +€49,130
up €49,130 (+8.6%), from €570,172 to €619,302
- Staff costs +€37,770
up €37,770 (+7.2%), from €524,987 to €562,757
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,486 | €189,191 | -€32,295 | -14.6% |
| Formation expenses | 20 | €198 | - | -€198 | |
| Fixed assets | 21/28 | €86,614 | €67,780 | -€18,835 | -21.7% |
| Intangible fixed assets | 21 | €31,406 | €31,406 | = | 0.0% |
| Tangible fixed assets | 22/27 | €54,708 | €35,873 | -€18,835 | -34.4% |
| Furniture and vehicles | 24 | €54,708 | €35,873 | -€18,835 | -34.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €134,674 | €121,412 | -€13,262 | -9.8% |
| Stocks and contracts in progress | 3 | €28,388 | €24,462 | -€3,926 | -13.8% |
| Stocks | 30/36 | €28,388 | €24,462 | -€3,926 | -13.8% |
| Amounts receivable within one year | 40/41 | €71,120 | €65,983 | -€5,137 | -7.2% |
| Trade receivables | 40 | €54,733 | €65,983 | +€11,250 | +20.6% |
| Other amounts receivable | 41 | €16,387 | - | -€16,387 | |
| Cash at bank and in hand | 54/58 | €18,439 | €17,733 | -€706 | -3.8% |
| Deferred charges and accrued income | 490/1 | €16,727 | €13,234 | -€3,493 | -20.9% |
| Total equity and liabilities | 10/49 | €221,486 | €189,191 | -€32,295 | -14.6% |
| Equity | 10/15 | €21,505 | €38,421 | +€16,916 | +78.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,505 | €36,421 | +€16,916 | +86.7% |
| Amounts payable | 17/49 | €199,982 | €150,771 | -€49,211 | -24.6% |
| Amounts payable after more than one year | 17 | €40,228 | €40,228 | = | 0.0% |
| Financial debts | 170/4 | €40,228 | €40,228 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,754 | €110,543 | -€49,211 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €22,868 | - | -€22,868 | |
| Trade debts | 44 | €38,789 | €44,438 | +€5,649 | +14.6% |
| Suppliers | 440/4 | €38,789 | €44,438 | +€5,649 | +14.6% |
| Advances received on contracts in progress | 46 | €24,800 | - | -€24,800 | |
| Taxes, remuneration and social security | 45 | €43,803 | €64,105 | +€20,301 | +46.3% |
| Taxes | 450/3 | €42,896 | €44,105 | +€1,209 | +2.8% |
| Remuneration and social security | 454/9 | €907 | €20,000 | +€19,093 | +2,104% |
| Other amounts payable | 47/48 | €29,493 | €2,000 | -€27,493 | -93.2% |
| Non-recurring operating income | 76A | €9,422 | - | -€9,422 | |
| Remuneration, social security and pensions | 62 | €524,987 | €562,757 | +€37,770 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,462 | €19,032 | +€1,570 | +9.0% |
| Other operating charges | 640/8 | €14,862 | €9,457 | -€5,405 | -36.4% |
| Gross operating margin | 9900 | €570,172 | €619,302 | +€49,130 | +8.6% |
| Operating profit (loss) | 9901 | €12,862 | €28,056 | +€15,194 | +118% |
| Financial income | 75/76B | €1 | €5,515 | +€5,514 | +984,632% |
| Recurring financial income | 75 | €1 | €79 | +€79 | +14,032% |
| Non-recurring financial income | 76B | - | €5,435 | +€5,435 | |
| Financial charges | 65/66B | €9,819 | €14,293 | +€4,474 | +45.6% |
| Recurring financial charges | 65 | €9,819 | €6,297 | -€3,522 | -35.9% |
| Non-recurring financial charges | 66B | - | €7,996 | +€7,996 | |
| Profit (loss) for the period before taxes | 9903 | €3,043 | €19,277 | +€16,234 | +533% |
| Income taxes | 67/77 | €2,349 | €2,361 | +€12 | +0.5% |
| Profit (loss) for the period | 9904 | €694 | €16,916 | +€16,222 | +2,338% |
| Profit (loss) for the period to be appropriated | 9905 | €694 | €16,916 | +€16,222 | +2,338% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.