RUSSO: 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.
RUSSO
Largest movements
- Tangible fixed assets +€7,205
up €7,205 (+45.4%), from €15,862 to €23,067
of which Other tangible fixed assets: +€4,145
- Receivables within one year -€4,218
down €4,218 (-28.9%), from €14,613 to €10,396
of which Trade receivables: -€6,492
- Cash +€2,279
up €2,279 (+16.6%), from €13,753 to €16,032
mainly Other debts (+€9,982) and Net result for the year (+€6,709)
- Other debts +€9,982
up €9,982 (+439.3%), from €2,272 to €12,254
- Profit (loss) carried forward -€5,545
no longer reported in 2025 (was €5,545)
- Gross operating margin +€12,356
up €12,356 (+257.7%), from €4,795 to €17,151
- Taxes +€3,039
up €3,039 (+936.7%), from €324 to €3,364
- Other operating charges +€180
up €180 (+11.2%), from €1,607 to €1,787
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 | €45,998 | €51,066 | +€5,068 | +11.0% |
| Fixed assets | 21/28 | €15,912 | €23,117 | +€7,205 | +45.3% |
| Tangible fixed assets | 22/27 | €15,862 | €23,067 | +€7,205 | +45.4% |
| Plant, machinery and equipment | 23 | €1,405 | €2,380 | +€975 | +69.4% |
| Furniture and vehicles | 24 | €6,785 | €8,871 | +€2,086 | +30.7% |
| Other tangible fixed assets | 26 | €7,672 | €11,817 | +€4,145 | +54.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,085 | €27,949 | -€2,137 | -7.1% |
| Amounts receivable within one year | 40/41 | €14,613 | €10,396 | -€4,218 | -28.9% |
| Trade receivables | 40 | €11,938 | €5,446 | -€6,492 | -54.4% |
| Other amounts receivable | 41 | €2,676 | €4,950 | +€2,275 | +85.0% |
| Cash at bank and in hand | 54/58 | €13,753 | €16,032 | +€2,279 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,719 | €1,521 | -€198 | -11.5% |
| Total equity and liabilities | 10/49 | €45,998 | €51,066 | +€5,068 | +11.0% |
| Equity | 10/15 | €40,253 | €34,708 | -€5,545 | -13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €22,308 | €22,308 | = | 0.0% |
| Distributable reserves | 133 | €22,308 | €22,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,545 | - | -€5,545 | |
| Amounts payable | 17/49 | €5,744 | €16,358 | +€10,614 | +184.8% |
| Amounts payable within one year | 42/48 | €5,744 | €16,358 | +€10,614 | +184.8% |
| Current portion of amounts payable after more than one year | 42 | €2,487 | €2,484 | -€3 | -0.1% |
| Trade debts | 44 | €985 | €1,256 | +€271 | +27.5% |
| Suppliers | 440/4 | €985 | €1,256 | +€271 | +27.5% |
| Taxes, remuneration and social security | 45 | - | €364 | +€364 | |
| Taxes | 450/3 | - | €364 | +€364 | |
| Other amounts payable | 47/48 | €2,272 | €12,254 | +€9,982 | +439.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,214 | €5,166 | -€48 | -0.9% |
| Other operating charges | 640/8 | €1,607 | €1,787 | +€180 | +11.2% |
| Gross operating margin | 9900 | €4,795 | €17,151 | +€12,356 | +257.7% |
| Operating profit (loss) | 9901 | -€2,025 | €10,198 | +€12,224 | |
| Financial income | 75/76B | €0 | €154 | +€154 | +1536900.0% |
| Recurring financial income | 75 | €0 | €154 | +€154 | +1536900.0% |
| Financial charges | 65/66B | €287 | €280 | -€7 | -2.6% |
| Recurring financial charges | 65 | €287 | €280 | -€7 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,312 | €10,073 | +€12,385 | |
| Income taxes | 67/77 | €324 | €3,364 | +€3,039 | +936.7% |
| Profit (loss) for the period | 9904 | -€2,637 | €6,709 | +€9,345 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,637 | €6,709 | +€9,345 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.