Ruslan Construct: 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.
Ruslan Construct
Largest movements
- Receivables within one year +€312,523
up €312,523 (+94.2%), from €331,760 to €644,283
of which Trade receivables: +€315,205
- Deferred charges and accrued income +€98,900
new in 2024: €98,900
- Cash +€16,512
up €16,512 (+722.5%), from €2,286 to €18,798
mainly Trade debts (+€369,945) and Debts after one year (+€18,223)
- Tangible fixed assets -€12,390
down €12,390 (-87.7%), from €14,127 to €1,737
- Trade debts +€369,945
up €369,945 (+383.2%), from €96,549 to €466,494
of which Bills of exchange payable: +€358,613
- Debts after one year +€18,223
up €18,223 (+136.5%), from €13,346 to €31,569
- Short-term financial debts +€9,123
new in 2024: €9,123
- Current portion of long-term debt +€8,206
up €8,206 (+157.6%), from €5,208 to €13,414
- Turnover +€878,820
new in 2024: €878,820
- Purchases and services +€235,295
up €235,295 (+38.3%), from €613,805 to €849,101
- Gross operating margin -€106,973
down €106,973 (-78.3%), from €136,692 to €29,719
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,373 | €763,918 | +€415,545 | +119.3% |
| Fixed assets | 21/28 | €14,327 | €1,937 | -€12,390 | -86.5% |
| Tangible fixed assets | 22/27 | €14,127 | €1,737 | -€12,390 | -87.7% |
| Leasing and similar rights | 25 | €14,127 | €1,737 | -€12,390 | -87.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €334,046 | €761,981 | +€427,935 | +128.1% |
| Amounts receivable within one year | 40/41 | €331,760 | €644,283 | +€312,523 | +94.2% |
| Trade receivables | 40 | €173,509 | €488,714 | +€315,205 | +181.7% |
| Other amounts receivable | 41 | €158,251 | €155,569 | -€2,682 | -1.7% |
| Cash at bank and in hand | 54/58 | €2,286 | €18,798 | +€16,512 | +722.5% |
| Deferred charges and accrued income | 490/1 | - | €98,900 | +€98,900 | |
| Total equity and liabilities | 10/49 | €348,373 | €763,918 | +€415,545 | +119.3% |
| Equity | 10/15 | €205,807 | €211,415 | +€5,607 | +2.7% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,757 | €211,365 | +€5,607 | +2.7% |
| Amounts payable | 17/49 | €142,565 | €552,503 | +€409,938 | +287.5% |
| Amounts payable after more than one year | 17 | €13,346 | €31,569 | +€18,223 | +136.5% |
| Financial debts | 170/4 | €13,346 | €31,569 | +€18,223 | +136.5% |
| Amounts payable within one year | 42/48 | €129,219 | €520,934 | +€391,715 | +303.1% |
| Current portion of amounts payable after more than one year | 42 | €5,208 | €13,414 | +€8,206 | +157.6% |
| Financial debts | 43 | - | €9,123 | +€9,123 | |
| Credit institutions | 430/8 | - | €9,123 | +€9,123 | |
| Trade debts | 44 | €96,549 | €466,494 | +€369,945 | +383.2% |
| Suppliers | 440/4 | €96,549 | €107,880 | +€11,331 | +11.7% |
| Bills of exchange payable | 441 | - | €358,613 | +€358,613 | |
| Taxes, remuneration and social security | 45 | €462 | €4,903 | +€4,441 | +961.5% |
| Taxes | 450/3 | €462 | €4,903 | +€4,441 | +961.5% |
| Other amounts payable | 47/48 | €27,000 | €27,000 | = | 0.0% |
| Turnover | 70 | - | €878,820 | +€878,820 | |
| Non-recurring operating income | 76A | €750,497 | - | -€750,497 | |
| Goods, raw materials, services and sundry goods | 60/61 | €613,805 | €849,101 | +€235,295 | +38.3% |
| Remuneration, social security and pensions | 62 | €1,837 | €2,003 | +€166 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,023 | €12,390 | -€633 | -4.9% |
| Other operating charges | 640/8 | €5,332 | €1,135 | -€4,197 | -78.7% |
| Gross operating margin | 9900 | €136,692 | €29,719 | -€106,973 | -78.3% |
| Operating profit (loss) | 9901 | €116,500 | €14,192 | -€102,308 | -87.8% |
| Financial income | 75/76B | €3,434 | - | -€3,434 | |
| Recurring financial income | 75 | €3,434 | - | -€3,434 | |
| Financial charges | 65/66B | €503 | €2,643 | +€2,140 | +425.2% |
| Recurring financial charges | 65 | €503 | €2,643 | +€2,140 | +425.2% |
| Profit (loss) for the period before taxes | 9903 | €119,430 | €11,549 | -€107,881 | -90.3% |
| Income taxes | 67/77 | €976 | €5,941 | +€4,965 | +508.6% |
| Profit (loss) for the period | 9904 | €118,454 | €5,608 | -€112,846 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,454 | €5,608 | -€112,846 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.