RURACO: 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.
RURACO
Largest movements
- Current investments -€189,313
down €189,313 (-64.0%), from €295,688 to €106,375
- Receivables within one year +€48,673
up €48,673 (+206.1%), from €23,621 to €72,294
of which Trade receivables: +€51,678
- Tangible fixed assets +€38,695
up €38,695 (+185.0%), from €20,917 to €59,612
of which Furniture and vehicles: +€39,491
- Cash -€34,024
down €34,024 (-67.1%), from €50,740 to €16,717
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€49,511)
- Reserves -€185,133
down €185,133 (-59.2%), from €312,899 to €127,766
- Trade debts +€46,508
up €46,508 (+12930.8%), from €360 to €46,868
- Financial income +€9,246
up €9,246 (+428.5%), from €2,158 to €11,404
- Gross operating margin +€3,901
up €3,901 (+2.6%), from €147,727 to €151,627
- Taxes +€3,206
up €3,206 (+11.1%), from €29,009 to €32,215
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 | €391,764 | €256,004 | -€135,760 | -34.7% |
| Fixed assets | 21/28 | €20,917 | €59,612 | +€38,695 | +185.0% |
| Tangible fixed assets | 22/27 | €20,917 | €59,612 | +€38,695 | +185.0% |
| Plant, machinery and equipment | 23 | €290 | €835 | +€545 | +188.2% |
| Furniture and vehicles | 24 | €10,647 | €50,138 | +€39,491 | +370.9% |
| Other tangible fixed assets | 26 | €9,980 | €8,639 | -€1,341 | -13.4% |
| Current assets | 29/58 | €370,847 | €196,392 | -€174,455 | -47.0% |
| Amounts receivable within one year | 40/41 | €23,621 | €72,294 | +€48,673 | +206.1% |
| Trade receivables | 40 | €18,460 | €70,138 | +€51,678 | +279.9% |
| Other amounts receivable | 41 | €5,161 | €2,156 | -€3,005 | -58.2% |
| Current investments | 50/53 | €295,688 | €106,375 | -€189,313 | -64.0% |
| Cash at bank and in hand | 54/58 | €50,740 | €16,717 | -€34,024 | -67.1% |
| Deferred charges and accrued income | 490/1 | €798 | €1,006 | +€208 | +26.0% |
| Total equity and liabilities | 10/49 | €391,764 | €256,004 | -€135,760 | -34.7% |
| Equity | 10/15 | €317,899 | €132,766 | -€185,133 | -58.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €312,899 | €127,766 | -€185,133 | -59.2% |
| Distributable reserves | 133 | €312,899 | €127,766 | -€185,133 | -59.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €73,865 | €123,238 | +€49,373 | +66.8% |
| Amounts payable within one year | 42/48 | €73,865 | €123,234 | +€49,369 | +66.8% |
| Trade debts | 44 | €360 | €46,868 | +€46,508 | +12930.8% |
| Suppliers | 440/4 | €360 | €46,868 | +€46,508 | +12930.8% |
| Taxes, remuneration and social security | 45 | €10,061 | €10,692 | +€631 | +6.3% |
| Taxes | 450/3 | €10,061 | €10,692 | +€631 | +6.3% |
| Other amounts payable | 47/48 | €63,445 | €65,674 | +€2,230 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,975 | €10,816 | +€841 | +8.4% |
| Other operating charges | 640/8 | €790 | €854 | +€64 | +8.1% |
| Gross operating margin | 9900 | €147,727 | €151,627 | +€3,901 | +2.6% |
| Operating profit (loss) | 9901 | €136,961 | €139,958 | +€2,996 | +2.2% |
| Financial income | 75/76B | €2,158 | €11,404 | +€9,246 | +428.5% |
| Recurring financial income | 75 | €2,158 | €11,404 | +€9,246 | +428.5% |
| Financial charges | 65/66B | €4,634 | €4,280 | -€355 | -7.7% |
| Recurring financial charges | 65 | €4,634 | €4,280 | -€355 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €134,485 | €147,083 | +€12,597 | +9.4% |
| Income taxes | 67/77 | €29,009 | €32,215 | +€3,206 | +11.1% |
| Profit (loss) for the period | 9904 | €105,476 | €114,867 | +€9,391 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,476 | €114,867 | +€9,391 | +8.9% |
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 7 October 2026 via checked.be.