RUSTICO: 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.
RUSTICO
Largest movements
- Current investments -€85,440
down €85,440 (-97.0%), from €88,122 to €2,682
- Stocks and contracts +€20,122
up €20,122 (+25.8%), from €78,090 to €98,212
- Receivables within one year +€16,591
up €16,591 (+156.0%), from €10,637 to €27,229
of which Trade receivables: +€9,415
- Tangible fixed assets +€7,716
up €7,716 (+21.9%), from €35,234 to €42,949
of which Plant, machinery and equipment: +€7,999
- Deferred charges and accrued income -€4,883
down €4,883 (-39.3%), from €12,438 to €7,554
- Profit (loss) carried forward -€74,749
new in 2025: -€74,749
- Trade debts +€34,726
up €34,726 (+383.2%), from €9,063 to €43,788
- Other debts -€8,162
down €8,162 (-8.2%), from €100,016 to €91,854
- Accrued charges and deferred income +€4,157
new in 2025: €4,157
- Staff costs +€94,617
up €94,617 (+62.1%), from €152,244 to €246,862
- Gross operating margin +€12,028
up €12,028 (+6.9%), from €173,970 to €185,998
- Taxes -€3,768
down €3,768 (-93.1%), from €4,048 to €281
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 | €233,742 | €191,467 | -€42,275 | -18.1% |
| Fixed assets | 21/28 | €36,354 | €44,070 | +€7,716 | +21.2% |
| Tangible fixed assets | 22/27 | €35,234 | €42,949 | +€7,716 | +21.9% |
| Plant, machinery and equipment | 23 | €5,162 | €13,161 | +€7,999 | +155.0% |
| Furniture and vehicles | 24 | - | €3,732 | +€3,732 | |
| Other tangible fixed assets | 26 | €30,072 | €26,057 | -€4,015 | -13.4% |
| Financial fixed assets | 28 | €1,121 | €1,121 | = | 0.0% |
| Current assets | 29/58 | €197,388 | €147,397 | -€49,991 | -25.3% |
| Stocks and contracts in progress | 3 | €78,090 | €98,212 | +€20,122 | +25.8% |
| Stocks | 30/36 | €78,090 | €98,212 | +€20,122 | +25.8% |
| Amounts receivable within one year | 40/41 | €10,637 | €27,229 | +€16,591 | +156.0% |
| Trade receivables | 40 | €5,862 | €15,277 | +€9,415 | +160.6% |
| Other amounts receivable | 41 | €4,775 | €11,952 | +€7,176 | +150.3% |
| Current investments | 50/53 | €88,122 | €2,682 | -€85,440 | -97.0% |
| Cash at bank and in hand | 54/58 | €8,101 | €11,720 | +€3,619 | +44.7% |
| Deferred charges and accrued income | 490/1 | €12,438 | €7,554 | -€4,883 | -39.3% |
| Total equity and liabilities | 10/49 | €233,742 | €191,467 | -€42,275 | -18.1% |
| Equity | 10/15 | €96,631 | €21,881 | -€74,749 | -77.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,031 | €78,031 | = | 0.0% |
| Distributable reserves | 133 | €78,031 | €78,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€74,749 | -€74,749 | |
| Amounts payable | 17/49 | €137,111 | €169,585 | +€32,474 | +23.7% |
| Amounts payable within one year | 42/48 | €137,111 | €165,428 | +€28,317 | +20.7% |
| Trade debts | 44 | €9,063 | €43,788 | +€34,726 | +383.2% |
| Suppliers | 440/4 | €9,063 | €43,788 | +€34,726 | +383.2% |
| Taxes, remuneration and social security | 45 | €28,032 | €29,786 | +€1,754 | +6.3% |
| Taxes | 450/3 | €12,120 | €11,623 | -€497 | -4.1% |
| Remuneration and social security | 454/9 | €15,912 | €18,163 | +€2,251 | +14.1% |
| Other amounts payable | 47/48 | €100,016 | €91,854 | -€8,162 | -8.2% |
| Accrued charges and deferred income | 492/3 | - | €4,157 | +€4,157 | |
| Remuneration, social security and pensions | 62 | €152,244 | €246,862 | +€94,617 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,597 | €7,889 | +€292 | +3.8% |
| Other operating charges | 640/8 | €1,691 | €942 | -€749 | -44.3% |
| Gross operating margin | 9900 | €173,970 | €185,998 | +€12,028 | +6.9% |
| Operating profit (loss) | 9901 | €12,437 | -€69,695 | -€82,132 | |
| Financial income | 75/76B | €865 | €483 | -€382 | -44.2% |
| Recurring financial income | 75 | €865 | €483 | -€382 | -44.2% |
| Financial charges | 65/66B | €4,916 | €5,256 | +€341 | +6.9% |
| Recurring financial charges | 65 | €4,916 | €5,256 | +€341 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €8,387 | -€74,469 | -€82,855 | |
| Income taxes | 67/77 | €4,048 | €281 | -€3,768 | -93.1% |
| Profit (loss) for the period | 9904 | €4,338 | -€74,749 | -€79,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,338 | -€74,749 | -€79,088 |
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 1 October 2026 via checked.be.