RUST-ANODE: 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.
RUST-ANODE
Largest movements
- Receivables within one year -€270,918
down €270,918 (-51.4%), from €526,590 to €255,673
of which Other amounts receivable: -€243,081
- Cash -€59,079
down €59,079 (-41.2%), from €143,276 to €84,196
mainly Other debts (-€206,407) and Short-term financial debts (-€46,238)
- Other debts -€206,407
down €206,407 (-46.9%), from €440,092 to €233,685
- Short-term financial debts -€46,238
down €46,238 (-100.0%), from €46,238 to €0
- Profit (loss) carried forward -€34,782
down €34,782, from €9,003 to -€25,779
- Trade debts -€27,411
down €27,411 (-25.2%), from €108,913 to €81,502
- Tax, wage and social debts -€12,500
down €12,500 (-100.0%), from €12,500 to €0
- Gross operating margin -€321,928
down €321,928, from €315,641 to -€6,287
- Taxes -€62,764
down €62,764, from €62,500 to -€264
- Financial charges +€21,728
up €21,728 (+100.4%), from €21,636 to €43,363
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 | €671,746 | €344,409 | -€327,338 | -48.7% |
| Current assets | 29/58 | €671,746 | €344,409 | -€327,338 | -48.7% |
| Amounts receivable within one year | 40/41 | €526,590 | €255,673 | -€270,918 | -51.4% |
| Trade receivables | 40 | €27,837 | €0 | -€27,837 | -100.0% |
| Other amounts receivable | 41 | €498,753 | €255,673 | -€243,081 | -48.7% |
| Cash at bank and in hand | 54/58 | €143,276 | €84,196 | -€59,079 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,880 | €4,540 | +€2,659 | +141.4% |
| Total equity and liabilities | 10/49 | €671,746 | €344,409 | -€327,338 | -48.7% |
| Equity | 10/15 | €64,003 | €29,221 | -€34,782 | -54.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,003 | -€25,779 | -€34,782 | |
| Amounts payable | 17/49 | €607,743 | €315,187 | -€292,556 | -48.1% |
| Amounts payable within one year | 42/48 | €607,743 | €315,187 | -€292,556 | -48.1% |
| Financial debts | 43 | €46,238 | €0 | -€46,238 | -100.0% |
| Credit institutions | 430/8 | €46,238 | €0 | -€46,238 | -100.0% |
| Trade debts | 44 | €108,913 | €81,502 | -€27,411 | -25.2% |
| Suppliers | 440/4 | €108,913 | €81,502 | -€27,411 | -25.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,500 | €0 | -€12,500 | -100.0% |
| Taxes | 450/3 | €12,500 | €0 | -€12,500 | -100.0% |
| Other amounts payable | 47/48 | €440,092 | €233,685 | -€206,407 | -46.9% |
| Other operating charges | 640/8 | €0 | €2,314 | +€2,314 | |
| Gross operating margin | 9900 | €315,641 | -€6,287 | -€321,928 | |
| Operating profit (loss) | 9901 | €315,641 | -€8,601 | -€324,242 | |
| Financial income | 75/76B | €17,074 | €16,919 | -€155 | -0.9% |
| Recurring financial income | 75 | €17,074 | €16,919 | -€155 | -0.9% |
| Financial charges | 65/66B | €21,636 | €43,363 | +€21,728 | +100.4% |
| Recurring financial charges | 65 | €21,636 | €43,363 | +€21,728 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | €311,079 | -€35,046 | -€346,124 | |
| Income taxes | 67/77 | €62,500 | -€264 | -€62,764 | |
| Profit (loss) for the period | 9904 | €248,579 | -€34,782 | -€283,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €248,579 | -€34,782 | -€283,361 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.