RUSO: 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.
RUSO
Largest movements
- Tangible fixed assets +€215,913
up €215,913 (+22.0%), from €980,358 to €1.2m
of which Land and buildings: +€225,456
- Receivables within one year -€50,585
down €50,585 (-96.6%), from €52,339 to €1,754
of which Trade receivables: -€25,534
- Short-term financial debts +€237,000
new in 2025: €237,000
- Profit (loss) carried forward -€49,933
down €49,933 (-8.9%), from €561,124 to €511,191
- Debts after one year -€40,546
down €40,546 (-10.3%), from €394,015 to €353,469
- Depreciation +€28,286
up €28,286 (+71.1%), from €39,763 to €68,048
- Gross operating margin -€12,796
down €12,796 (-19.9%), from €64,464 to €51,668
- Financial charges +€7,346
up €7,346 (+46.9%), from €15,676 to €23,023
- Other operating charges +€6,542
up €6,542 (+174%), from €3,769 to €10,311
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 | €1,052,957 | €1,202,737 | +€149,780 | +14.2% |
| Fixed assets | 21/28 | €980,358 | €1,196,271 | +€215,913 | +22.0% |
| Tangible fixed assets | 22/27 | €980,358 | €1,196,271 | +€215,913 | +22.0% |
| Land and buildings | 22 | €951,337 | €1,176,793 | +€225,456 | +23.7% |
| Furniture and vehicles | 24 | €29,022 | €19,478 | -€9,543 | -32.9% |
| Current assets | 29/58 | €72,598 | €6,465 | -€66,133 | -91.1% |
| Amounts receivable within one year | 40/41 | €52,339 | €1,754 | -€50,585 | -96.6% |
| Trade receivables | 40 | €26,916 | €1,383 | -€25,534 | -94.9% |
| Other amounts receivable | 41 | €25,422 | €371 | -€25,051 | -98.5% |
| Cash at bank and in hand | 54/58 | €13,322 | €3,552 | -€9,770 | -73.3% |
| Deferred charges and accrued income | 490/1 | €6,938 | €1,160 | -€5,778 | -83.3% |
| Total equity and liabilities | 10/49 | €1,052,957 | €1,202,737 | +€149,780 | +14.2% |
| Equity | 10/15 | €604,192 | €554,259 | -€49,933 | -8.3% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €36,860 | €36,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561,124 | €511,191 | -€49,933 | -8.9% |
| Amounts payable | 17/49 | €448,765 | €648,478 | +€199,713 | +44.5% |
| Amounts payable after more than one year | 17 | €394,015 | €353,469 | -€40,546 | -10.3% |
| Financial debts | 170/4 | €394,015 | €353,469 | -€40,546 | -10.3% |
| Amounts payable within one year | 42/48 | €54,750 | €295,009 | +€240,259 | +439% |
| Current portion of amounts payable after more than one year | 42 | €39,009 | €40,546 | +€1,537 | +3.9% |
| Financial debts | 43 | - | €237,000 | +€237,000 | |
| Credit institutions | 430/8 | - | €237,000 | +€237,000 | |
| Trade debts | 44 | €1,111 | €790 | -€321 | -28.9% |
| Suppliers | 440/4 | €1,111 | €790 | -€321 | -28.9% |
| Taxes, remuneration and social security | 45 | - | €219 | +€219 | |
| Taxes | 450/3 | - | €219 | +€219 | |
| Other amounts payable | 47/48 | €14,631 | €16,455 | +€1,824 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,763 | €68,048 | +€28,286 | +71.1% |
| Other operating charges | 640/8 | €3,769 | €10,311 | +€6,542 | +174% |
| Gross operating margin | 9900 | €64,464 | €51,668 | -€12,796 | -19.9% |
| Operating profit (loss) | 9901 | €20,933 | -€26,692 | -€47,624 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,676 | €23,023 | +€7,346 | +46.9% |
| Recurring financial charges | 65 | €15,676 | €23,023 | +€7,346 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €5,256 | -€49,714 | -€54,971 | |
| Income taxes | 67/77 | - | €219 | +€219 | |
| Profit (loss) for the period | 9904 | €5,256 | -€49,933 | -€55,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,256 | -€49,933 | -€55,189 |
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 19 October 2026 via checked.be.