RURAL: 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.
RURAL
Largest movements
- Tangible fixed assets +€350,227
up €350,227 (+125.9%), from €278,132 to €628,359
of which Plant, machinery and equipment: +€255,934
- Stocks and contracts +€75,123
up €75,123 (+23.9%), from €313,788 to €388,910
- Receivables within one year -€38,688
down €38,688 (-54.6%), from €70,895 to €32,207
of which Trade receivables: -€43,591
- Cash -€25,893
down €25,893 (-44.6%), from €58,106 to €32,213
mainly Investment in fixed assets (net) (-€427,287) and Stocks and contracts (-€75,123)
- Debts after one year +€318,940
up €318,940 (+51.1%), from €624,132 to €943,072
- Advances received -€31,508
no longer reported in 2026 (was €31,508)
- Trade debts +€28,981
up €28,981 (+117.4%), from €24,691 to €53,672
- Current portion of long-term debt +€24,657
up €24,657 (+72.2%), from €34,144 to €58,801
- Profit (loss) carried forward +€13,832
up €13,832 (+22.1%), from -€62,497 to -€48,665
- Depreciation +€24,603
up €24,603 (+44.0%), from €55,892 to €80,495
- Gross operating margin -€8,749
down €8,749 (-6.6%), from €132,271 to €123,522
- Financial charges +€2,348
up €2,348 (+19.4%), from €12,083 to €14,432
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 | €733,769 | €1,089,911 | +€356,142 | +48.5% |
| Fixed assets | 21/28 | €286,734 | €633,527 | +€346,793 | +120.9% |
| Intangible fixed assets | 21 | €8,602 | €4,668 | -€3,934 | -45.7% |
| Tangible fixed assets | 22/27 | €278,132 | €628,359 | +€350,227 | +125.9% |
| Land and buildings | 22 | €27,500 | €122,177 | +€94,677 | +344.3% |
| Plant, machinery and equipment | 23 | €249,190 | €505,124 | +€255,934 | +102.7% |
| Furniture and vehicles | 24 | €1,442 | €1,058 | -€385 | -26.7% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €447,034 | €456,384 | +€9,350 | +2.1% |
| Stocks and contracts in progress | 3 | €313,788 | €388,910 | +€75,123 | +23.9% |
| Stocks | 30/36 | €313,788 | €388,910 | +€75,123 | +23.9% |
| Amounts receivable within one year | 40/41 | €70,895 | €32,207 | -€38,688 | -54.6% |
| Trade receivables | 40 | €70,172 | €26,581 | -€43,591 | -62.1% |
| Other amounts receivable | 41 | €723 | €5,625 | +€4,902 | +678.2% |
| Cash at bank and in hand | 54/58 | €58,106 | €32,213 | -€25,893 | -44.6% |
| Deferred charges and accrued income | 490/1 | €4,246 | €3,054 | -€1,192 | -28.1% |
| Total equity and liabilities | 10/49 | €733,769 | €1,089,911 | +€356,142 | +48.5% |
| Equity | 10/15 | -€1,367 | €12,465 | +€13,832 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,530 | €42,530 | = | 0.0% |
| Distributable reserves | 133 | €42,530 | €42,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,497 | -€48,665 | +€13,832 | +22.1% |
| Amounts payable | 17/49 | €735,135 | €1,077,446 | +€342,310 | +46.6% |
| Amounts payable after more than one year | 17 | €624,132 | €943,072 | +€318,940 | +51.1% |
| Financial debts | 170/4 | €624,132 | €943,072 | +€318,940 | +51.1% |
| Amounts payable within one year | 42/48 | €107,178 | €134,373 | +€27,195 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €34,144 | €58,801 | +€24,657 | +72.2% |
| Trade debts | 44 | €24,691 | €53,672 | +€28,981 | +117.4% |
| Suppliers | 440/4 | €24,691 | €53,672 | +€28,981 | +117.4% |
| Advances received on contracts in progress | 46 | €31,508 | - | -€31,508 | |
| Taxes, remuneration and social security | 45 | €3,304 | €1,200 | -€2,104 | -63.7% |
| Remuneration and social security | 454/9 | €3,304 | €1,200 | -€2,104 | -63.7% |
| Other amounts payable | 47/48 | €13,532 | €20,700 | +€7,168 | +53.0% |
| Accrued charges and deferred income | 492/3 | €3,825 | - | -€3,825 | |
| Remuneration, social security and pensions | 62 | €12,766 | €12,743 | -€23 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,892 | €80,495 | +€24,603 | +44.0% |
| Other operating charges | 640/8 | €1,460 | €2,511 | +€1,050 | +71.9% |
| Non-recurring operating charges | 66A | €3,095 | - | -€3,095 | |
| Gross operating margin | 9900 | €132,271 | €123,522 | -€8,749 | -6.6% |
| Operating profit (loss) | 9901 | €59,058 | €27,774 | -€31,284 | -53.0% |
| Financial income | 75/76B | - | €490 | +€490 | |
| Recurring financial income | 75 | - | €490 | +€490 | |
| Financial charges | 65/66B | €12,083 | €14,432 | +€2,348 | +19.4% |
| Recurring financial charges | 65 | €12,083 | €14,432 | +€2,348 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €46,975 | €13,832 | -€33,143 | -70.6% |
| Profit (loss) for the period | 9904 | €46,975 | €13,832 | -€33,143 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,975 | €13,832 | -€33,143 | -70.6% |
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 3 October 2026 via checked.be.