RUSTIN: 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.
RUSTIN
Largest movements
- Current investments +€62,267
up €62,267 (+9.1%), from €680,780 to €743,047
- Receivables within one year +€17,413
up €17,413 (+89.8%), from €19,398 to €36,811
- Reserves +€89,699
up €89,699 (+12.9%), from €697,642 to €787,341
- Other debts -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Tax, wage and social debts +€8,968
up €8,968 (+75.9%), from €11,809 to €20,777
- Financial income +€41,937
up €41,937 (+154.7%), from €27,104 to €69,041
- Gross operating margin -€16,832
down €16,832 (-23.6%), from €71,404 to €54,572
- Depreciation -€14,006
down €14,006 (-97.6%), from €14,354 to €348
- Financial charges +€8,741
up €8,741 (+895.7%), from €976 to €9,717
- Taxes -€3,449
down €3,449 (-14.6%), from €23,631 to €20,182
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 | €745,163 | €820,953 | +€75,790 | +10.2% |
| Fixed assets | 21/28 | €3,516 | €1,162 | -€2,354 | -67.0% |
| Tangible fixed assets | 22/27 | €3,516 | €1,162 | -€2,354 | -67.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,516 | €1,162 | -€2,354 | -67.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €741,647 | €819,791 | +€78,144 | +10.5% |
| Amounts receivable within one year | 40/41 | €19,398 | €36,811 | +€17,413 | +89.8% |
| Other amounts receivable | 41 | €19,398 | €36,811 | +€17,413 | +89.8% |
| Current investments | 50/53 | €680,780 | €743,047 | +€62,267 | +9.1% |
| Cash at bank and in hand | 54/58 | €40,098 | €37,009 | -€3,089 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,371 | €2,924 | +€1,554 | +113.3% |
| Total equity and liabilities | 10/49 | €745,163 | €820,953 | +€75,790 | +10.2% |
| Equity | 10/15 | €710,066 | €799,765 | +€89,699 | +12.6% |
| Contributions | 10/11 | €12,424 | €12,424 | = | 0.0% |
| Reserves | 13 | €697,642 | €787,341 | +€89,699 | +12.9% |
| Distributable reserves | 133 | €697,642 | €787,341 | +€89,699 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,097 | €21,188 | -€13,909 | -39.6% |
| Amounts payable within one year | 42/48 | €35,097 | €21,188 | -€13,909 | -39.6% |
| Trade debts | 44 | €788 | €411 | -€377 | -47.8% |
| Suppliers | 440/4 | €788 | €411 | -€377 | -47.8% |
| Taxes, remuneration and social security | 45 | €11,809 | €20,777 | +€8,968 | +75.9% |
| Taxes | 450/3 | €11,809 | €20,777 | +€8,968 | +75.9% |
| Other amounts payable | 47/48 | €22,500 | €0 | -€22,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,354 | €348 | -€14,006 | -97.6% |
| Other operating charges | 640/8 | €2,743 | €1,661 | -€1,082 | -39.5% |
| Non-recurring operating charges | 66A | €0 | €2,006 | +€2,006 | |
| Gross operating margin | 9900 | €71,404 | €54,572 | -€16,832 | -23.6% |
| Operating profit (loss) | 9901 | €54,307 | €50,557 | -€3,750 | -6.9% |
| Financial income | 75/76B | €27,104 | €69,041 | +€41,937 | +154.7% |
| Recurring financial income | 75 | €27,104 | €69,041 | +€41,937 | +154.7% |
| Financial charges | 65/66B | €976 | €9,717 | +€8,741 | +895.7% |
| Recurring financial charges | 65 | €976 | €9,717 | +€8,741 | +895.7% |
| Profit (loss) for the period before taxes | 9903 | €80,435 | €109,881 | +€29,446 | +36.6% |
| Income taxes | 67/77 | €23,631 | €20,182 | -€3,449 | -14.6% |
| Profit (loss) for the period | 9904 | €56,804 | €89,699 | +€32,895 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,804 | €89,699 | +€32,895 | +57.9% |
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 12 October 2026 via checked.be.