RUSBY: 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.
RUSBY
Largest movements
- Cash -€6,668
down €6,668 (-41.1%), from €16,217 to €9,549
mainly Other debts (-€21,606) and Receivables within one year (-€4,123)
- Receivables within one year +€4,123
up €4,123 (+56.5%), from €7,298 to €11,421
of which Trade receivables: +€4,123
- Tangible fixed assets +€2,719
up €2,719 (+125.7%), from €2,163 to €4,882
of which Furniture and vehicles: +€4,462
- Deferred charges and accrued income +€2,305
up €2,305, from €0 to €2,305
- Financial fixed assets -€1,250
down €1,250 (-100.0%), from €1,250 to €0
- Other debts -€21,606
down €21,606 (-15.0%), from €143,766 to €122,160
- Profit (loss) carried forward +€19,442
up €19,442 (+13.9%), from -€139,554 to -€120,111
- Tax, wage and social debts +€2,675
up €2,675 (+127.4%), from €2,101 to €4,776
- Trade debts +€717
up €717 (+461.7%), from €155 to €872
- Gross operating margin -€5,977
down €5,977 (-19.4%), from €30,868 to €24,891
- Depreciation -€3,908
down €3,908 (-66.2%), from €5,904 to €1,996
- Other operating charges +€891
up €891 (+53.0%), from €1,680 to €2,571
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 | €26,928 | €28,157 | +€1,229 | +4.6% |
| Fixed assets | 21/28 | €3,413 | €4,882 | +€1,469 | +43.1% |
| Tangible fixed assets | 22/27 | €2,163 | €4,882 | +€2,719 | +125.7% |
| Furniture and vehicles | 24 | €207 | €4,669 | +€4,462 | +2156.3% |
| Other tangible fixed assets | 26 | €1,956 | €214 | -€1,742 | -89.1% |
| Financial fixed assets | 28 | €1,250 | €0 | -€1,250 | -100.0% |
| Current assets | 29/58 | €23,515 | €23,275 | -€241 | -1.0% |
| Amounts receivable within one year | 40/41 | €7,298 | €11,421 | +€4,123 | +56.5% |
| Trade receivables | 40 | €7,048 | €11,171 | +€4,123 | +58.5% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,217 | €9,549 | -€6,668 | -41.1% |
| Deferred charges and accrued income | 490/1 | €0 | €2,305 | +€2,305 | |
| Total equity and liabilities | 10/49 | €26,928 | €28,157 | +€1,229 | +4.6% |
| Equity | 10/15 | -€119,094 | -€99,651 | +€19,442 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,554 | -€120,111 | +€19,442 | +13.9% |
| Amounts payable | 17/49 | €146,022 | €127,808 | -€18,214 | -12.5% |
| Amounts payable within one year | 42/48 | €146,022 | €127,808 | -€18,214 | -12.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €155 | €872 | +€717 | +461.7% |
| Suppliers | 440/4 | €155 | €872 | +€717 | +461.7% |
| Taxes, remuneration and social security | 45 | €2,101 | €4,776 | +€2,675 | +127.4% |
| Taxes | 450/3 | €2,101 | €4,776 | +€2,675 | +127.4% |
| Other amounts payable | 47/48 | €143,766 | €122,160 | -€21,606 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,904 | €1,996 | -€3,908 | -66.2% |
| Other operating charges | 640/8 | €1,680 | €2,571 | +€891 | +53.0% |
| Gross operating margin | 9900 | €30,868 | €24,891 | -€5,977 | -19.4% |
| Operating profit (loss) | 9901 | €23,283 | €20,324 | -€2,960 | -12.7% |
| Financial income | 75/76B | €102 | €0 | -€102 | -100.0% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -100.0% |
| Financial charges | 65/66B | €354 | €201 | -€153 | -43.3% |
| Recurring financial charges | 65 | €354 | €201 | -€153 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €23,031 | €20,123 | -€2,908 | -12.6% |
| Income taxes | 67/77 | €788 | €681 | -€107 | -13.6% |
| Profit (loss) for the period | 9904 | €22,244 | €19,442 | -€2,801 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,244 | €19,442 | -€2,801 | -12.6% |
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.