RUSADIA: 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.
RUSADIA
Largest movements
- Cash -€34,594
down €34,594 (-55.4%), from €62,411 to €27,817
mainly Accrued charges and deferred income (-€64,143) and Other debts (-€30,000)
- Accrued charges and deferred income -€64,143
no longer reported in 2025 (was €64,143)
- Other debts -€30,000
down €30,000 (-35.1%), from €85,388 to €55,388
- Reserves +€27,999
new in 2025: €27,999
- Profit (loss) carried forward +€27,034
no longer reported in 2025 (was -€27,034)
- Tax, wage and social debts +€3,147
new in 2025: €3,147
- Gross operating margin +€74,288
up €74,288, from -€8,178 to €66,110
- Taxes +€10,347
new in 2025: €10,347
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 | €144,531 | €108,581 | -€35,950 | -24.9% |
| Current assets | 29/58 | €144,531 | €108,581 | -€35,950 | -24.9% |
| Stocks and contracts in progress | 3 | €76,878 | €76,262 | -€616 | -0.8% |
| Stocks | 30/36 | €76,878 | €76,262 | -€616 | -0.8% |
| Amounts receivable within one year | 40/41 | €5,194 | €4,445 | -€749 | -14.4% |
| Other amounts receivable | 41 | €5,194 | €4,445 | -€749 | -14.4% |
| Cash at bank and in hand | 54/58 | €62,411 | €27,817 | -€34,594 | -55.4% |
| Deferred charges and accrued income | 490/1 | €48 | €57 | +€9 | +19.2% |
| Total equity and liabilities | 10/49 | €144,531 | €108,581 | -€35,950 | -24.9% |
| Equity | 10/15 | -€5,034 | €49,999 | +€55,033 | |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | - | €27,999 | +€27,999 | |
| Distributable reserves | 133 | - | €27,999 | +€27,999 | |
| Profit (loss) carried forward | 14 | -€27,034 | - | +€27,034 | |
| Amounts payable | 17/49 | €149,565 | €58,582 | -€90,983 | -60.8% |
| Amounts payable within one year | 42/48 | €85,421 | €58,582 | -€26,839 | -31.4% |
| Trade debts | 44 | €33 | €46 | +€13 | +39.8% |
| Suppliers | 440/4 | €33 | €46 | +€13 | +39.8% |
| Taxes, remuneration and social security | 45 | - | €3,147 | +€3,147 | |
| Taxes | 450/3 | - | €3,147 | +€3,147 | |
| Other amounts payable | 47/48 | €85,388 | €55,388 | -€30,000 | -35.1% |
| Accrued charges and deferred income | 492/3 | €64,143 | - | -€64,143 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€8,178 | €66,110 | +€74,288 | |
| Operating profit (loss) | 9901 | -€8,565 | €65,710 | +€74,276 | |
| Financial charges | 65/66B | €315 | €330 | +€15 | +4.8% |
| Recurring financial charges | 65 | €315 | €330 | +€15 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,880 | €65,380 | +€74,261 | |
| Income taxes | 67/77 | - | €10,347 | +€10,347 | |
| Profit (loss) for the period | 9904 | -€8,880 | €55,033 | +€63,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,880 | €55,033 | +€63,913 |
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 4 October 2026 via checked.be.