RUSSO RR: 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 RR
Largest movements
- Cash -€8,875
down €8,875 (-63.8%), from €13,916 to €5,041
mainly Net result for the year (-€11,540) and Current portion of long-term debt (-€1,680)
- Tangible fixed assets -€2,295
down €2,295 (-59.3%), from €3,873 to €1,577
of which Plant, machinery and equipment: -€1,174
- Receivables within one year -€330
down €330 (-27.9%), from €1,184 to €854
of which Trade receivables: -€308
- Deferred charges and accrued income -€246
down €246 (-57.5%), from €428 to €182
- Profit (loss) carried forward -€11,540
down €11,540 (-277%), from -€4,166 to -€15,706
- Current portion of long-term debt -€1,680
no longer reported in 2024 (was €1,680)
- Tax, wage and social debts +€1,650
new in 2024: €1,650
- Purchases and services +€20,299
up €20,299 (+23.7%), from €85,782 to €106,081
- Turnover +€12,115
up €12,115 (+14.1%), from €86,161 to €98,276
- Gross operating margin -€8,184
down €8,184, from €379 to -€7,805
- Other operating charges +€1,016
up €1,016 (+351%), from €290 to €1,306
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.
Derived cash bridge
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 | €19,426 | €7,680 | -€11,746 | -60.5% |
| Fixed assets | 21/28 | €3,898 | €1,602 | -€2,295 | -58.9% |
| Tangible fixed assets | 22/27 | €3,873 | €1,577 | -€2,295 | -59.3% |
| Plant, machinery and equipment | 23 | €1,660 | €486 | -€1,174 | -70.7% |
| Furniture and vehicles | 24 | €2,212 | €1,091 | -€1,121 | -50.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €15,528 | €6,077 | -€9,451 | -60.9% |
| Amounts receivable within one year | 40/41 | €1,184 | €854 | -€330 | -27.9% |
| Trade receivables | 40 | €308 | - | -€308 | |
| Other amounts receivable | 41 | €876 | €854 | -€22 | -2.5% |
| Cash at bank and in hand | 54/58 | €13,916 | €5,041 | -€8,875 | -63.8% |
| Deferred charges and accrued income | 490/1 | €428 | €182 | -€246 | -57.5% |
| Total equity and liabilities | 10/49 | €19,426 | €7,680 | -€11,746 | -60.5% |
| Equity | 10/15 | €16,594 | €5,054 | -€11,540 | -69.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €13,260 | €13,260 | = | 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 | €11,400 | €11,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,166 | -€15,706 | -€11,540 | -277% |
| Amounts payable | 17/49 | €2,832 | €2,625 | -€207 | -7.3% |
| Amounts payable within one year | 42/48 | €2,832 | €2,625 | -€207 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €1,680 | - | -€1,680 | |
| Trade debts | 44 | €674 | €497 | -€177 | -26.3% |
| Suppliers | 440/4 | €674 | €497 | -€177 | -26.3% |
| Taxes, remuneration and social security | 45 | - | €1,650 | +€1,650 | |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €479 | €479 | = | 0.0% |
| Turnover | 70 | €86,161 | €98,276 | +€12,115 | +14.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,782 | €106,081 | +€20,299 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €2,295 | = | 0.0% |
| Other operating charges | 640/8 | €290 | €1,306 | +€1,016 | +351% |
| Gross operating margin | 9900 | €379 | -€7,805 | -€8,184 | |
| Operating profit (loss) | 9901 | -€2,206 | -€11,406 | -€9,200 | -417% |
| Financial charges | 65/66B | €257 | €134 | -€123 | -48.0% |
| Recurring financial charges | 65 | €257 | €134 | -€123 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,463 | -€11,540 | -€9,077 | -369% |
| Profit (loss) for the period | 9904 | -€2,463 | -€11,540 | -€9,077 | -369% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,463 | -€11,540 | -€9,077 | -369% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.