RUST INVEST: 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.
RUST INVEST
Largest movements
- Cash +€520,648
up €520,648 (+234%), from €222,550 to €743,198
mainly Net result for the year (+€366,248) and Short-term financial debts (+€150,000)
- Tangible fixed assets -€65,150
down €65,150 (-36.2%), from €180,023 to €114,873
of which Land and buildings: -€49,674
- Receivables within one year -€21,447
down €21,447 (-98.5%), from €21,777 to €330
of which Other amounts receivable: -€21,719
- Reserves +€366,248
up €366,248 (+382%), from €95,882 to €462,130
of which Distributable reserves: +€379,717
- Contributions -€200,000
down €200,000 (-60.7%), from €329,259 to €129,259
- Short-term financial debts +€150,000
new in 2025: €150,000
- Other debts +€94,155
up €94,155, from €0 to €94,155
- Tax, wage and social debts +€22,445
up €22,445, from €0 to €22,445
- Gross operating margin +€523,691
up €523,691 (+1,284%), from €40,787 to €564,478
- Taxes +€169,970
up €169,970 (+2,973%), from €5,717 to €175,687
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 | €425,539 | €859,024 | +€433,485 | +102% |
| Fixed assets | 21/28 | €180,023 | €114,873 | -€65,150 | -36.2% |
| Tangible fixed assets | 22/27 | €180,023 | €114,873 | -€65,150 | -36.2% |
| Land and buildings | 22 | €49,960 | €286 | -€49,674 | -99.4% |
| Plant, machinery and equipment | 23 | €11,381 | €9,947 | -€1,434 | -12.6% |
| Furniture and vehicles | 24 | €41,997 | €33,894 | -€8,103 | -19.3% |
| Other tangible fixed assets | 26 | €76,685 | €70,746 | -€5,940 | -7.7% |
| Current assets | 29/58 | €245,515 | €744,151 | +€498,635 | +203% |
| Amounts receivable within one year | 40/41 | €21,777 | €330 | -€21,447 | -98.5% |
| Trade receivables | 40 | €58 | €330 | +€272 | +469% |
| Other amounts receivable | 41 | €21,719 | €0 | -€21,719 | -100% |
| Cash at bank and in hand | 54/58 | €222,550 | €743,198 | +€520,648 | +234% |
| Deferred charges and accrued income | 490/1 | €1,189 | €623 | -€565 | -47.6% |
| Total equity and liabilities | 10/49 | €425,539 | €859,024 | +€433,485 | +102% |
| Equity | 10/15 | €425,141 | €591,389 | +€166,248 | +39.1% |
| Contributions | 10/11 | €329,259 | €129,259 | -€200,000 | -60.7% |
| Reserves | 13 | €95,882 | €462,130 | +€366,248 | +382% |
| Non-distributable reserves | 130/1 | €13,469 | €0 | -€13,469 | -100% |
| Reserves not available under the articles | 1311 | €13,469 | €0 | -€13,469 | -100% |
| Distributable reserves | 133 | €82,413 | €462,130 | +€379,717 | +461% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €398 | €267,634 | +€267,237 | +67,207% |
| Amounts payable within one year | 42/48 | €398 | €267,634 | +€267,237 | +67,207% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €398 | €1,034 | +€636 | +160% |
| Suppliers | 440/4 | €398 | €1,034 | +€636 | +160% |
| Taxes, remuneration and social security | 45 | €0 | €22,445 | +€22,445 | |
| Taxes | 450/3 | €0 | €22,445 | +€22,445 | |
| Other amounts payable | 47/48 | €0 | €94,155 | +€94,155 | |
| Non-recurring operating income | 76A | €12,500 | €549,421 | +€536,921 | +4,295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,773 | €17,018 | +€5,245 | +44.5% |
| Other operating charges | 640/8 | €7,082 | €7,782 | +€700 | +9.9% |
| Gross operating margin | 9900 | €40,787 | €564,478 | +€523,691 | +1,284% |
| Operating profit (loss) | 9901 | €21,931 | €539,678 | +€517,747 | +2,361% |
| Financial income | 75/76B | €1,105 | €2,473 | +€1,368 | +124% |
| Recurring financial income | 75 | €1,105 | €2,473 | +€1,368 | +124% |
| Financial charges | 65/66B | €239 | €216 | -€23 | -9.8% |
| Recurring financial charges | 65 | €239 | €216 | -€23 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €22,797 | €541,935 | +€519,138 | +2,277% |
| Income taxes | 67/77 | €5,717 | €175,687 | +€169,970 | +2,973% |
| Profit (loss) for the period | 9904 | €17,080 | €366,248 | +€349,168 | +2,044% |
| Profit (loss) for the period to be appropriated | 9905 | €17,080 | €366,248 | +€349,168 | +2,044% |
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 20 October 2026 via checked.be.