RURO: 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.
RURO
Largest movements
- Tangible fixed assets +€700,542
up €700,542 (+6383.3%), from €10,975 to €711,517
of which Land and buildings: +€681,442
- Cash -€103,285
down €103,285 (-52.9%), from €195,256 to €91,970
mainly Investment in fixed assets (net) (-€711,628) and Contributions, distributions and other (-€371,052)
- Debts after one year +€611,534
new in 2025: €611,534
- Reserves -€203,527
down €203,527 (-100.0%), from €203,527 to €0
of which Distributable reserves: -€203,527
- Other debts +€142,358
up €142,358 (+14707.9%), from €968 to €143,326
- Current portion of long-term debt +€22,870
new in 2025: €22,870
- Tax, wage and social debts +€22,377
up €22,377 (+813.3%), from €2,751 to €25,129
of which Taxes: +€25,129
- Gross operating margin +€210,485
up €210,485 (+197.6%), from €106,534 to €317,018
- Other operating charges +€80,205
up €80,205 (+8239.5%), from €973 to €81,178
- Taxes +€29,141
up €29,141 (+126.6%), from €23,012 to €52,153
- Financial charges +€7,265
up €7,265 (+2375.2%), from €306 to €7,571
- Depreciation +€5,623
up €5,623 (+102.9%), from €5,464 to €11,086
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 | €226,929 | €822,446 | +€595,517 | +262.4% |
| Fixed assets | 21/28 | €16,475 | €717,017 | +€700,542 | +4252.2% |
| Tangible fixed assets | 22/27 | €10,975 | €711,517 | +€700,542 | +6383.3% |
| Land and buildings | 22 | - | €681,442 | +€681,442 | |
| Plant, machinery and equipment | 23 | €514 | €0 | -€514 | -100.0% |
| Furniture and vehicles | 24 | €8,782 | €28,746 | +€19,964 | +227.3% |
| Other tangible fixed assets | 26 | €1,679 | €1,329 | -€350 | -20.9% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €210,454 | €105,429 | -€105,025 | -49.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,328 | €11,539 | -€1,789 | -13.4% |
| Other amounts receivable | 41 | €13,328 | €11,539 | -€1,789 | -13.4% |
| Cash at bank and in hand | 54/58 | €195,256 | €91,970 | -€103,285 | -52.9% |
| Deferred charges and accrued income | 490/1 | €1,870 | €1,919 | +€49 | +2.6% |
| Total equity and liabilities | 10/49 | €226,929 | €822,446 | +€595,517 | +262.4% |
| Equity | 10/15 | €222,127 | €18,600 | -€203,527 | -91.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,527 | €0 | -€203,527 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €203,527 | €0 | -€203,527 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,801 | €803,846 | +€799,045 | +16642.1% |
| Amounts payable after more than one year | 17 | - | €611,534 | +€611,534 | |
| Financial debts | 170/4 | - | €611,534 | +€611,534 | |
| Amounts payable within one year | 42/48 | €4,437 | €191,880 | +€187,443 | +4224.8% |
| Current portion of amounts payable after more than one year | 42 | - | €22,870 | +€22,870 | |
| Trade debts | 44 | €717 | €555 | -€162 | -22.6% |
| Suppliers | 440/4 | €717 | €555 | -€162 | -22.6% |
| Taxes, remuneration and social security | 45 | €2,751 | €25,129 | +€22,377 | +813.3% |
| Taxes | 450/3 | €0 | €25,129 | +€25,129 | |
| Remuneration and social security | 454/9 | €2,751 | €0 | -€2,751 | -100.0% |
| Other amounts payable | 47/48 | €968 | €143,326 | +€142,358 | +14707.9% |
| Accrued charges and deferred income | 492/3 | €365 | €432 | +€67 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,464 | €11,086 | +€5,623 | +102.9% |
| Other operating charges | 640/8 | €973 | €81,178 | +€80,205 | +8239.5% |
| Non-recurring operating charges | 66A | - | €677 | +€677 | |
| Gross operating margin | 9900 | €106,534 | €317,018 | +€210,485 | +197.6% |
| Operating profit (loss) | 9901 | €100,097 | €224,077 | +€123,980 | +123.9% |
| Financial income | 75/76B | €7,598 | €3,172 | -€4,427 | -58.3% |
| Recurring financial income | 75 | €7,598 | €3,172 | -€4,427 | -58.3% |
| Financial charges | 65/66B | €306 | €7,571 | +€7,265 | +2375.2% |
| Recurring financial charges | 65 | €306 | €7,571 | +€7,265 | +2375.2% |
| Profit (loss) for the period before taxes | 9903 | €107,389 | €219,678 | +€112,288 | +104.6% |
| Income taxes | 67/77 | €23,012 | €52,153 | +€29,141 | +126.6% |
| Profit (loss) for the period | 9904 | €84,378 | €167,525 | +€83,147 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,378 | €167,525 | +€83,147 | +98.5% |
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 29 September 2026 via checked.be.