RUSTHY: 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.
RUSTHY
Largest movements
- Cash -€28,244
down €28,244 (-24.0%), from €117,777 to €89,533
mainly Contributions, distributions and other (-€136,640) and Investment in fixed assets (net) (-€5,267)
- Tangible fixed assets -€8,426
down €8,426 (-17.8%), from €47,421 to €38,994
of which Furniture and vehicles: -€8,467
- Reserves -€55,579
down €55,579 (-72.2%), from €76,982 to €21,403
of which Distributable reserves: -€55,579
- Other debts +€27,946
up €27,946 (+27.2%), from €102,756 to €130,703
- Advances received -€3,200
down €3,200 (-100%), from €3,200 to €0
- Trade debts -€2,202
down €2,202 (-39.8%), from €5,533 to €3,331
- Gross operating margin -€40,905
down €40,905 (-25.8%), from €158,328 to €117,423
- Taxes -€11,246
down €11,246 (-34.9%), from €32,259 to €21,013
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 | €219,387 | €185,693 | -€33,694 | -15.4% |
| Fixed assets | 21/28 | €47,421 | €38,994 | -€8,426 | -17.8% |
| Tangible fixed assets | 22/27 | €47,421 | €38,994 | -€8,426 | -17.8% |
| Plant, machinery and equipment | 23 | - | €3,270 | +€3,270 | |
| Furniture and vehicles | 24 | €38,285 | €29,817 | -€8,467 | -22.1% |
| Other tangible fixed assets | 26 | €9,136 | €5,907 | -€3,229 | -35.3% |
| Current assets | 29/58 | €171,966 | €146,699 | -€25,267 | -14.7% |
| Amounts receivable within one year | 40/41 | €52,302 | €53,442 | +€1,140 | +2.2% |
| Trade receivables | 40 | €52,302 | €52,778 | +€476 | +0.9% |
| Other amounts receivable | 41 | €0 | €664 | +€664 | |
| Cash at bank and in hand | 54/58 | €117,777 | €89,533 | -€28,244 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,887 | €3,723 | +€1,837 | +97.4% |
| Total equity and liabilities | 10/49 | €219,387 | €185,693 | -€33,694 | -15.4% |
| Equity | 10/15 | €95,582 | €40,003 | -€55,579 | -58.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,982 | €21,403 | -€55,579 | -72.2% |
| 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 | €75,122 | €19,543 | -€55,579 | -74.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,805 | €145,690 | +€21,885 | +17.7% |
| Amounts payable within one year | 42/48 | €123,805 | €145,690 | +€21,885 | +17.7% |
| Trade debts | 44 | €5,533 | €3,331 | -€2,202 | -39.8% |
| Suppliers | 440/4 | €5,533 | €3,331 | -€2,202 | -39.8% |
| Advances received on contracts in progress | 46 | €3,200 | €0 | -€3,200 | -100% |
| Taxes, remuneration and social security | 45 | €12,315 | €11,657 | -€659 | -5.3% |
| Taxes | 450/3 | €12,315 | €11,657 | -€659 | -5.3% |
| Other amounts payable | 47/48 | €102,756 | €130,703 | +€27,946 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,188 | €13,694 | +€1,506 | +12.4% |
| Other operating charges | 640/8 | €1,105 | €715 | -€390 | -35.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €158,328 | €117,423 | -€40,905 | -25.8% |
| Operating profit (loss) | 9901 | €145,036 | €103,014 | -€42,022 | -29.0% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €723 | €940 | +€217 | +30.0% |
| Recurring financial charges | 65 | €723 | €940 | +€217 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €144,338 | €102,074 | -€42,264 | -29.3% |
| Income taxes | 67/77 | €32,259 | €21,013 | -€11,246 | -34.9% |
| Profit (loss) for the period | 9904 | €112,079 | €81,061 | -€31,018 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,079 | €81,061 | -€31,018 | -27.7% |
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 15 October 2026 via checked.be.