RURIS: 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.
RURIS
Largest movements
- Financial fixed assets -€2.4m
down €2.4m (-86.7%), from €2.7m to €364,423
- Tangible fixed assets +€1.9m
new in 2025: €1.9m
of which Land and buildings: +€1.7m
- Current investments +€65,382
up €65,382 (+54.5%), from €119,982 to €185,363
- Cash +€33,080
up €33,080 (+824%), from €4,016 to €37,096
mainly Investment in fixed assets (net) (+€436,173) and Depreciation (+€4,786)
- Other debts -€304,702
down €304,702 (-51.4%), from €592,311 to €287,609
- Accrued charges and deferred income -€37,692
no longer reported in 2025 (was €37,692)
- Financial charges +€38,254
up €38,254 (+934%), from €4,094 to €42,349
of which Non-recurring financial charges: +€39,373
- Financial income -€9,856
down €9,856 (-13.8%), from €71,351 to €61,495
- Depreciation +€4,786
new in 2025: €4,786
- Gross operating margin -€2,667
down €2,667 (-33.6%), from -€7,945 to -€10,612
- Other operating charges +€2,552
up €2,552 (+214%), from €1,194 to €3,745
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.
Derived cash bridge
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 | €2,872,346 | €2,531,574 | -€340,772 | -11.9% |
| Fixed assets | 21/28 | €2,740,935 | €2,299,976 | -€440,959 | -16.1% |
| Tangible fixed assets | 22/27 | - | €1,935,553 | +€1.9m | |
| Land and buildings | 22 | - | €1,695,506 | +€1.7m | |
| Plant, machinery and equipment | 23 | - | €232,138 | +€232,138 | |
| Furniture and vehicles | 24 | - | €7,909 | +€7,909 | |
| Financial fixed assets | 28 | €2,740,935 | €364,423 | -€2.4m | -86.7% |
| Current assets | 29/58 | €131,411 | €231,598 | +€100,187 | +76.2% |
| Amounts receivable within one year | 40/41 | €5,907 | €9,069 | +€3,162 | +53.5% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €907 | €9,069 | +€8,162 | +900% |
| Current investments | 50/53 | €119,982 | €185,363 | +€65,382 | +54.5% |
| Cash at bank and in hand | 54/58 | €4,016 | €37,096 | +€33,080 | +824% |
| Deferred charges and accrued income | 490/1 | €1,506 | €70 | -€1,436 | -95.4% |
| Total equity and liabilities | 10/49 | €2,872,346 | €2,531,574 | -€340,772 | -11.9% |
| Equity | 10/15 | €1,037,835 | €1,037,654 | -€181 | 0.0% |
| Contributions | 10/11 | €25,379,100 | €25,379,100 | = | 0.0% |
| Capital | 10 | €25,379,100 | €25,379,100 | = | 0.0% |
| Issued capital | 100 | €25,379,100 | €25,379,100 | = | 0.0% |
| Reserves | 13 | €455,000 | €455,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €455,000 | €455,000 | = | 0.0% |
| Legal reserve | 130 | €455,000 | €455,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,796,265 | -€24,796,446 | -€181 | 0.0% |
| Amounts payable | 17/49 | €1,834,510 | €1,493,920 | -€340,591 | -18.6% |
| Amounts payable after more than one year | 17 | €1,203,946 | €1,203,946 | = | 0.0% |
| Other amounts payable | 178/9 | €1,203,946 | €1,203,946 | = | 0.0% |
| Amounts payable within one year | 42/48 | €592,872 | €289,973 | -€302,899 | -51.1% |
| Trade debts | 44 | €561 | €2,364 | +€1,803 | +321% |
| Suppliers | 440/4 | €561 | €2,364 | +€1,803 | +321% |
| Other amounts payable | 47/48 | €592,311 | €287,609 | -€304,702 | -51.4% |
| Accrued charges and deferred income | 492/3 | €37,692 | - | -€37,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,786 | +€4,786 | |
| Other operating charges | 640/8 | €1,194 | €3,745 | +€2,552 | +214% |
| Gross operating margin | 9900 | -€7,945 | -€10,612 | -€2,667 | -33.6% |
| Operating profit (loss) | 9901 | -€9,138 | -€19,142 | -€10,004 | -109% |
| Financial income | 75/76B | €71,351 | €61,495 | -€9,856 | -13.8% |
| Recurring financial income | 75 | €71,351 | €61,495 | -€9,856 | -13.8% |
| Financial charges | 65/66B | €4,094 | €42,349 | +€38,254 | +934% |
| Recurring financial charges | 65 | €4,094 | €2,976 | -€1,118 | -27.3% |
| Non-recurring financial charges | 66B | - | €39,373 | +€39,373 | |
| Profit (loss) for the period before taxes | 9903 | €58,118 | €4 | -€58,115 | -100.0% |
| Income taxes | 67/77 | - | €185 | +€185 | |
| Profit (loss) for the period | 9904 | €58,118 | -€181 | -€58,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,118 | -€181 | -€58,299 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.