RUSKI: 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.
RUSKI
Largest movements
- Cash -€173,448
down €173,448 (-62.7%), from €276,636 to €103,188
mainly Trade debts (-€186,374) and Investment in fixed assets (net) (-€94,696)
- Tangible fixed assets -€80,353
down €80,353 (-10.8%), from €742,738 to €662,385
of which Plant, machinery and equipment: -€69,166
- Receivables within one year +€35,016
up €35,016 (+7.0%), from €503,456 to €538,472
of which Other amounts receivable: +€54,723
- Stocks and contracts -€26,854
down €26,854 (-5.5%), from €486,299 to €459,444
- Trade debts -€186,374
down €186,374 (-16.6%), from €1.1m to €936,038
- Debts after one year -€81,261
down €81,261 (-92.5%), from €87,894 to €6,633
- Current portion of long-term debt -€60,417
down €60,417 (-37.3%), from €162,162 to €101,745
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Tax, wage and social debts -€44,124
down €44,124 (-30.7%), from €143,657 to €99,532
of which Remuneration and social security: -€47,353
- Staff costs -€47,872
down €47,872 (-5.6%), from €861,799 to €813,926
- Gross operating margin +€27,347
up €27,347 (+2.6%), from €1.1m to €1.1m
- Depreciation +€19,311
up €19,311 (+12.4%), from €155,738 to €175,049
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 | €2,016,647 | €1,767,618 | -€249,029 | -12.3% |
| Fixed assets | 21/28 | €742,738 | €662,385 | -€80,353 | -10.8% |
| Tangible fixed assets | 22/27 | €742,738 | €662,385 | -€80,353 | -10.8% |
| Plant, machinery and equipment | 23 | €729,465 | €660,299 | -€69,166 | -9.5% |
| Furniture and vehicles | 24 | - | €2,086 | +€2,086 | |
| Leasing and similar rights | 25 | €13,273 | €0 | -€13,273 | -100% |
| Current assets | 29/58 | €1,273,909 | €1,105,233 | -€168,676 | -13.2% |
| Stocks and contracts in progress | 3 | €486,299 | €459,444 | -€26,854 | -5.5% |
| Stocks | 30/36 | €486,299 | €459,444 | -€26,854 | -5.5% |
| Amounts receivable within one year | 40/41 | €503,456 | €538,472 | +€35,016 | +7.0% |
| Trade receivables | 40 | €59,132 | €39,425 | -€19,707 | -33.3% |
| Other amounts receivable | 41 | €444,324 | €499,047 | +€54,723 | +12.3% |
| Cash at bank and in hand | 54/58 | €276,636 | €103,188 | -€173,448 | -62.7% |
| Deferred charges and accrued income | 490/1 | €7,519 | €4,130 | -€3,389 | -45.1% |
| Total equity and liabilities | 10/49 | €2,016,647 | €1,767,618 | -€249,029 | -12.3% |
| Equity | 10/15 | €427,446 | €443,561 | +€16,115 | +3.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €307,446 | €323,561 | +€16,115 | +5.2% |
| Distributable reserves | 133 | €307,446 | €323,561 | +€16,115 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,589,201 | €1,324,057 | -€265,144 | -16.7% |
| Amounts payable after more than one year | 17 | €87,894 | €6,633 | -€81,261 | -92.5% |
| Financial debts | 170/4 | €87,894 | €6,633 | -€81,261 | -92.5% |
| Amounts payable within one year | 42/48 | €1,463,307 | €1,259,424 | -€203,883 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €162,162 | €101,745 | -€60,417 | -37.3% |
| Financial debts | 43 | €35,075 | €72,108 | +€37,033 | +106% |
| Credit institutions | 430/8 | €35,075 | €72,108 | +€37,033 | +106% |
| Trade debts | 44 | €1,122,412 | €936,038 | -€186,374 | -16.6% |
| Suppliers | 440/4 | €1,122,412 | €936,038 | -€186,374 | -16.6% |
| Taxes, remuneration and social security | 45 | €143,657 | €99,532 | -€44,124 | -30.7% |
| Taxes | 450/3 | €14,117 | €17,346 | +€3,229 | +22.9% |
| Remuneration and social security | 454/9 | €129,539 | €82,186 | -€47,353 | -36.6% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €38,000 | €58,000 | +€20,000 | +52.6% |
| Remuneration, social security and pensions | 62 | €861,799 | €813,926 | -€47,872 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,738 | €175,049 | +€19,311 | +12.4% |
| Other operating charges | 640/8 | €13,208 | €10,012 | -€3,196 | -24.2% |
| Non-recurring operating charges | 66A | €0 | €1,092 | +€1,092 | |
| Gross operating margin | 9900 | €1,056,785 | €1,084,133 | +€27,347 | +2.6% |
| Operating profit (loss) | 9901 | €26,042 | €84,054 | +€58,012 | +223% |
| Financial income | 75/76B | €5,831 | €4,696 | -€1,135 | -19.5% |
| Recurring financial income | 75 | €5,831 | €4,696 | -€1,135 | -19.5% |
| Financial charges | 65/66B | €13,572 | €15,301 | +€1,729 | +12.7% |
| Recurring financial charges | 65 | €13,572 | €15,301 | +€1,729 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €18,300 | €73,449 | +€55,148 | +301% |
| Income taxes | 67/77 | €4,450 | €7,334 | +€2,884 | +64.8% |
| Profit (loss) for the period | 9904 | €13,851 | €66,115 | +€52,265 | +377% |
| Profit (loss) for the period to be appropriated | 9905 | €13,851 | €66,115 | +€52,265 | +377% |
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.