RUSH: 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.
RUSH
Largest movements
- Deferred charges and accrued income +€20,727
up €20,727 (+190%), from €10,905 to €31,633
- Tangible fixed assets +€15,782
up €15,782 (+61.9%), from €25,488 to €41,270
- Trade debts +€20,202
up €20,202 (+21.7%), from €93,307 to €113,508
- Current portion of long-term debt +€11,916
up €11,916 (+91.5%), from €13,022 to €24,938
- Tax, wage and social debts +€5,840
up €5,840 (+31.9%), from €18,320 to €24,160
of which Remuneration and social security: +€10,918
- Staff costs +€151,965
up €151,965 (+267%), from €56,820 to €208,785
- Gross operating margin +€131,190
up €131,190 (+127%), from €103,119 to €234,309
- Depreciation +€14,896
up €14,896 (+1,471%), from €1,012 to €15,908
- Taxes -€7,748
down €7,748 (-72.2%), from €10,738 to €2,989
- Write-downs -€4,955
no longer reported in 2025 (was €4,955)
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 | €294,445 | €333,386 | +€38,940 | +13.2% |
| Fixed assets | 21/28 | €25,712 | €41,494 | +€15,782 | +61.4% |
| Tangible fixed assets | 22/27 | €25,488 | €41,270 | +€15,782 | +61.9% |
| Furniture and vehicles | 24 | €25,488 | €41,270 | +€15,782 | +61.9% |
| Financial fixed assets | 28 | €224 | €224 | = | 0.0% |
| Current assets | 29/58 | €268,734 | €291,892 | +€23,158 | +8.6% |
| Amounts receivable within one year | 40/41 | €254,659 | €254,167 | -€492 | -0.2% |
| Trade receivables | 40 | €220,159 | €177,054 | -€43,105 | -19.6% |
| Other amounts receivable | 41 | €34,500 | €77,112 | +€42,612 | +124% |
| Cash at bank and in hand | 54/58 | €3,169 | €6,093 | +€2,923 | +92.2% |
| Deferred charges and accrued income | 490/1 | €10,905 | €31,633 | +€20,727 | +190% |
| Total equity and liabilities | 10/49 | €294,445 | €333,386 | +€38,940 | +13.2% |
| Equity | 10/15 | €154,357 | €155,423 | +€1,066 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €70,400 | €70,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,600 | €26,600 | = | 0.0% |
| Distributable reserves | 133 | €43,800 | €43,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,957 | €65,023 | +€1,066 | +1.7% |
| Amounts payable | 17/49 | €140,088 | €177,963 | +€37,875 | +27.0% |
| Amounts payable after more than one year | 17 | €12,417 | €12,024 | -€394 | -3.2% |
| Financial debts | 170/4 | €12,417 | €12,024 | -€394 | -3.2% |
| Amounts payable within one year | 42/48 | €127,671 | €165,939 | +€38,268 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €13,022 | €24,938 | +€11,916 | +91.5% |
| Financial debts | 43 | €1,689 | €3,333 | +€1,644 | +97.3% |
| Credit institutions | 430/8 | €1,689 | €3,333 | +€1,644 | +97.3% |
| Trade debts | 44 | €93,307 | €113,508 | +€20,202 | +21.7% |
| Suppliers | 440/4 | €93,307 | €113,508 | +€20,202 | +21.7% |
| Taxes, remuneration and social security | 45 | €18,320 | €24,160 | +€5,840 | +31.9% |
| Taxes | 450/3 | €5,078 | - | -€5,078 | |
| Remuneration and social security | 454/9 | €13,242 | €24,160 | +€10,918 | +82.5% |
| Other amounts payable | 47/48 | €1,334 | - | -€1,334 | |
| Remuneration, social security and pensions | 62 | €56,820 | €208,785 | +€151,965 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €15,908 | +€14,896 | +1,471% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,955 | - | -€4,955 | |
| Other operating charges | 640/8 | €2,899 | €2,495 | -€405 | -14.0% |
| Gross operating margin | 9900 | €103,119 | €234,309 | +€131,190 | +127% |
| Operating profit (loss) | 9901 | €37,433 | €7,122 | -€30,311 | -81.0% |
| Financial income | 75/76B | €285 | €166 | -€118 | -41.5% |
| Recurring financial income | 75 | €285 | €166 | -€118 | -41.5% |
| Financial charges | 65/66B | €1,727 | €3,233 | +€1,506 | +87.2% |
| Recurring financial charges | 65 | €1,727 | €3,233 | +€1,506 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €35,990 | €4,055 | -€31,935 | -88.7% |
| Income taxes | 67/77 | €10,738 | €2,989 | -€7,748 | -72.2% |
| Profit (loss) for the period | 9904 | €25,252 | €1,066 | -€24,187 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,252 | €1,066 | -€24,187 | -95.8% |
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 14 October 2026 via checked.be.