RUSTICUS: what changed
What changed
RUSTICUS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
-€8,056
2025 · €1,437-€9,493
Equity
€45,979
2025 · €54,035-€8,056
Cash
€34,480
2025 · €40,334-€5,854
Balance sheet total
€974,372
2025 · €1.1m-€133,706
Largest movements
Assets
- Receivables within one year -€52,869
down €52,869 (-42.7%), from €123,885 to €71,015
- Tangible fixed assets -€42,516
down €42,516 (-18.5%), from €230,197 to €187,681
- Stocks and contracts -€30,476
down €30,476 (-4.4%), from €692,169 to €661,693
Equity and liabilities
- Other debts -€76,908
down €76,908 (-50.2%), from €153,090 to €76,182
- Trade debts +€55,529
up €55,529 (+18.1%), from €306,503 to €362,032
- Tax, wage and social debts -€48,974
down €48,974 (-47.8%), from €102,477 to €53,502
of which Remuneration and social security: -€40,500
- Provisions -€32,000
no longer reported in 2026 (was €32,000)
- Debts after one year -€19,295
down €19,295 (-33.1%), from €58,206 to €38,912
Income statement
- Gross operating margin -€68,792
down €68,792 (-13.5%), from €509,095 to €440,303
- Depreciation -€37,778
down €37,778 (-45.0%), from €84,031 to €46,253
- Provisions -€32,000
new in 2026: -€32,000
- Staff costs +€15,291
up €15,291 (+4.0%), from €382,187 to €397,478
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€1,437
Gross operating margin
-€68,792
Staff costs
-€15,291
Depreciation
+€37,778
Provisions
+€32,000
Other operating charges
+€149
Financial income
+€275
Financial charges
+€4,334
Taxes
+€54
Result 2026
-€8,056
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18,041
Investment
-€3,737
Financing
-€20,158
Cash 2025
€40,334
From operations (derived)
+€18,041
Net result for the year
-€8,056
Depreciation
+€46,253
Stocks and contracts
+€30,476
Receivables within one year
+€52,869
Deferred charges and accrued income
+€1,990
Provisions
-€32,000
Trade debts
+€55,529
Tax, wage and social debts
-€48,974
Other debts
-€76,908
Accrued charges and deferred income
-€3,138
Investment (derived)
-€3,737
Investment in fixed assets (net)
-€3,737
Financing
-€20,158
Debts after one year
-€19,295
Current portion of long-term debt
-€864
Cash 2026
€34,480
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,108,078 | €974,372 | -€133,706 | -12.1% |
| Fixed assets | 21/28 | €230,502 | €187,986 | -€42,516 | -18.4% |
| Tangible fixed assets | 22/27 | €230,197 | €187,681 | -€42,516 | -18.5% |
| Plant, machinery and equipment | 23 | €29,040 | €17,763 | -€11,277 | -38.8% |
| Furniture and vehicles | 24 | €40,739 | €29,653 | -€11,086 | -27.2% |
| Leasing and similar rights | 25 | €2,894 | €2,850 | -€44 | -1.5% |
| Other tangible fixed assets | 26 | €157,523 | €137,415 | -€20,108 | -12.8% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €877,577 | €786,386 | -€91,190 | -10.4% |
| Stocks and contracts in progress | 3 | €692,169 | €661,693 | -€30,476 | -4.4% |
| Stocks | 30/36 | €692,169 | €661,693 | -€30,476 | -4.4% |
| Amounts receivable within one year | 40/41 | €123,885 | €71,015 | -€52,869 | -42.7% |
| Trade receivables | 40 | €123,885 | €71,015 | -€52,869 | -42.7% |
| Cash at bank and in hand | 54/58 | €40,334 | €34,480 | -€5,854 | -14.5% |
| Deferred charges and accrued income | 490/1 | €21,188 | €19,198 | -€1,990 | -9.4% |
| Total equity and liabilities | 10/49 | €1,108,078 | €974,372 | -€133,706 | -12.1% |
| Equity | 10/15 | €54,035 | €45,979 | -€8,056 | -14.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,465 | -€91,521 | -€8,056 | -9.7% |
| Provisions and deferred taxes | 16 | €32,000 | - | -€32,000 | |
| Provisions for liabilities and charges | 160/5 | €32,000 | - | -€32,000 | |
| Other liabilities and charges | 164/5 | €32,000 | - | -€32,000 | |
| Amounts payable | 17/49 | €1,022,043 | €928,393 | -€93,650 | -9.2% |
| Amounts payable after more than one year | 17 | €58,206 | €38,912 | -€19,295 | -33.1% |
| Financial debts | 170/4 | €58,206 | €38,912 | -€19,295 | -33.1% |
| Amounts payable within one year | 42/48 | €957,228 | €886,011 | -€71,217 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €20,158 | €19,295 | -€864 | -4.3% |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €306,503 | €362,032 | +€55,529 | +18.1% |
| Suppliers | 440/4 | €306,503 | €362,032 | +€55,529 | +18.1% |
| Taxes, remuneration and social security | 45 | €102,477 | €53,502 | -€48,974 | -47.8% |
| Taxes | 450/3 | €10,991 | €2,517 | -€8,474 | -77.1% |
| Remuneration and social security | 454/9 | €91,485 | €50,985 | -€40,500 | -44.3% |
| Other amounts payable | 47/48 | €153,090 | €76,182 | -€76,908 | -50.2% |
| Accrued charges and deferred income | 492/3 | €6,609 | €3,471 | -€3,138 | -47.5% |
| Remuneration, social security and pensions | 62 | €382,187 | €397,478 | +€15,291 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,031 | €46,253 | -€37,778 | -45.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€32,000 | -€32,000 | |
| Other operating charges | 640/8 | €5,002 | €4,853 | -€149 | -3.0% |
| Gross operating margin | 9900 | €509,095 | €440,303 | -€68,792 | -13.5% |
| Operating profit (loss) | 9901 | €37,875 | €23,719 | -€14,156 | -37.4% |
| Financial income | 75/76B | €3,146 | €3,422 | +€275 | +8.8% |
| Recurring financial income | 75 | €3,146 | €3,422 | +€275 | +8.8% |
| Financial charges | 65/66B | €39,530 | €35,196 | -€4,334 | -11.0% |
| Recurring financial charges | 65 | €39,530 | €35,196 | -€4,334 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €1,491 | -€8,056 | -€9,547 | |
| Income taxes | 67/77 | €54 | - | -€54 | |
| Profit (loss) for the period | 9904 | €1,437 | -€8,056 | -€9,493 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,437 | -€8,056 | -€9,493 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.