RULIPORC: 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.
RULIPORC
Largest movements
- Tangible fixed assets -€97,334
down €97,334 (-9.2%), from €1.1m to €963,258
of which Land and buildings: -€73,543
- Receivables within one year -€81,155
down €81,155 (-43.3%), from €187,572 to €106,417
of which Trade receivables: -€100,262
- Cash +€28,024
up €28,024 (+62.3%), from €44,983 to €73,007
mainly Depreciation (+€100,534) and Trade debts (+€99,941)
- Stocks and contracts -€21,755
down €21,755 (-5.0%), from €431,529 to €409,774
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Trade debts +€99,941
up €99,941 (+31.2%), from €320,817 to €420,757
- Debts after one year -€90,283
down €90,283 (-19.9%), from €453,557 to €363,274
- Accrued charges and deferred income -€22,210
down €22,210 (-100.0%), from €22,210 to €0
- Gross operating margin -€144,303
down €144,303 (-51.1%), from €282,570 to €138,268
- Taxes -€38,935
down €38,935 (-95.3%), from €40,841 to €1,906
- Financial charges +€5,699
up €5,699 (+28.2%), from €20,236 to €25,935
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 | €1,747,664 | €1,571,736 | -€175,928 | -10.1% |
| Fixed assets | 21/28 | €1,073,197 | €975,863 | -€97,334 | -9.1% |
| Tangible fixed assets | 22/27 | €1,060,592 | €963,258 | -€97,334 | -9.2% |
| Land and buildings | 22 | €964,286 | €890,743 | -€73,543 | -7.6% |
| Plant, machinery and equipment | 23 | €52,768 | €40,439 | -€12,330 | -23.4% |
| Furniture and vehicles | 24 | €43,538 | €32,076 | -€11,462 | -26.3% |
| Financial fixed assets | 28 | €12,605 | €12,605 | = | 0.0% |
| Current assets | 29/58 | €674,467 | €595,873 | -€78,594 | -11.7% |
| Stocks and contracts in progress | 3 | €431,529 | €409,774 | -€21,755 | -5.0% |
| Stocks | 30/36 | €431,529 | €409,774 | -€21,755 | -5.0% |
| Amounts receivable within one year | 40/41 | €187,572 | €106,417 | -€81,155 | -43.3% |
| Trade receivables | 40 | €126,491 | €26,229 | -€100,262 | -79.3% |
| Other amounts receivable | 41 | €61,081 | €80,188 | +€19,107 | +31.3% |
| Cash at bank and in hand | 54/58 | €44,983 | €73,007 | +€28,024 | +62.3% |
| Deferred charges and accrued income | 490/1 | €10,383 | €6,676 | -€3,708 | -35.7% |
| Total equity and liabilities | 10/49 | €1,747,664 | €1,571,736 | -€175,928 | -10.1% |
| Equity | 10/15 | €553,041 | €554,638 | +€1,597 | +0.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €522,041 | €523,638 | +€1,597 | +0.3% |
| Distributable reserves | 133 | €522,041 | €523,638 | +€1,597 | +0.3% |
| Amounts payable | 17/49 | €1,194,623 | €1,017,098 | -€177,525 | -14.9% |
| Amounts payable after more than one year | 17 | €453,557 | €363,274 | -€90,283 | -19.9% |
| Financial debts | 170/4 | €453,557 | €363,274 | -€90,283 | -19.9% |
| Amounts payable within one year | 42/48 | €718,856 | €653,823 | -€65,032 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €96,700 | €90,283 | -€6,417 | -6.6% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €320,817 | €420,757 | +€99,941 | +31.2% |
| Suppliers | 440/4 | €320,817 | €420,757 | +€99,941 | +31.2% |
| Taxes, remuneration and social security | 45 | €12,106 | €11,867 | -€239 | -2.0% |
| Taxes | 450/3 | €12,106 | €11,867 | -€239 | -2.0% |
| Other amounts payable | 47/48 | €139,233 | €130,917 | -€8,316 | -6.0% |
| Accrued charges and deferred income | 492/3 | €22,210 | €0 | -€22,210 | -100.0% |
| Non-recurring operating income | 76A | €1,405 | €0 | -€1,405 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,407 | €100,534 | -€873 | -0.9% |
| Other operating charges | 640/8 | €8,909 | €8,675 | -€234 | -2.6% |
| Gross operating margin | 9900 | €282,570 | €138,268 | -€144,303 | -51.1% |
| Operating profit (loss) | 9901 | €172,254 | €29,058 | -€143,196 | -83.1% |
| Financial income | 75/76B | €385 | €380 | -€6 | -1.5% |
| Recurring financial income | 75 | €385 | €380 | -€6 | -1.5% |
| Financial charges | 65/66B | €20,236 | €25,935 | +€5,699 | +28.2% |
| Recurring financial charges | 65 | €20,236 | €25,935 | +€5,699 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €152,403 | €3,503 | -€148,901 | -97.7% |
| Income taxes | 67/77 | €40,841 | €1,906 | -€38,935 | -95.3% |
| Profit (loss) for the period | 9904 | €111,562 | €1,597 | -€109,965 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,562 | €1,597 | -€109,965 | -98.6% |
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 5 October 2026 via checked.be.