RustMinded: 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.
RustMinded
Largest movements
- Cash +€24,993
up €24,993 (+41.6%), from €60,013 to €85,006
mainly Net result for the year (+€30,972) and Depreciation (+€5,563)
- Tangible fixed assets -€4,699
down €4,699 (-13.2%), from €35,491 to €30,792
of which Land and buildings: -€3,626
- Profit (loss) carried forward +€30,972
up €30,972 (+47.5%), from €65,139 to €96,111
- Other debts -€19,500
down €19,500 (-47.9%), from €40,739 to €21,239
- Contributions +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€4,129
up €4,129 (+74.9%), from €5,516 to €9,645
of which Taxes: +€6,878
- Staff costs -€19,305
down €19,305 (-49.7%), from €38,853 to €19,548
- Gross operating margin -€14,493
down €14,493 (-18.5%), from €78,354 to €63,861
- Taxes +€893
up €893 (+12.2%), from €7,337 to €8,230
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 | €111,419 | €131,995 | +€20,575 | +18.5% |
| Fixed assets | 21/28 | €35,491 | €30,792 | -€4,699 | -13.2% |
| Tangible fixed assets | 22/27 | €35,491 | €30,792 | -€4,699 | -13.2% |
| Land and buildings | 22 | €31,405 | €27,780 | -€3,626 | -11.5% |
| Furniture and vehicles | 24 | €4,085 | €3,012 | -€1,073 | -26.3% |
| Current assets | 29/58 | €75,929 | €101,203 | +€25,274 | +33.3% |
| Amounts receivable within one year | 40/41 | €15,106 | €15,091 | -€15 | -0.1% |
| Trade receivables | 40 | €13,706 | €12,871 | -€835 | -6.1% |
| Other amounts receivable | 41 | €1,400 | €2,220 | +€820 | +58.6% |
| Cash at bank and in hand | 54/58 | €60,013 | €85,006 | +€24,993 | +41.6% |
| Deferred charges and accrued income | 490/1 | €810 | €1,106 | +€296 | +36.5% |
| Total equity and liabilities | 10/49 | €111,419 | €131,995 | +€20,575 | +18.5% |
| Equity | 10/15 | €65,139 | €101,111 | +€35,972 | +55.2% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €65,139 | €96,111 | +€30,972 | +47.5% |
| Amounts payable | 17/49 | €46,281 | €30,884 | -€15,397 | -33.3% |
| Amounts payable within one year | 42/48 | €46,281 | €30,884 | -€15,397 | -33.3% |
| Trade debts | 44 | €26 | - | -€26 | |
| Suppliers | 440/4 | €26 | - | -€26 | |
| Taxes, remuneration and social security | 45 | €5,516 | €9,645 | +€4,129 | +74.9% |
| Taxes | 450/3 | - | €6,878 | +€6,878 | |
| Remuneration and social security | 454/9 | €5,516 | €2,766 | -€2,749 | -49.8% |
| Other amounts payable | 47/48 | €40,739 | €21,239 | -€19,500 | -47.9% |
| Remuneration, social security and pensions | 62 | €38,853 | €19,548 | -€19,305 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,035 | €5,563 | -€473 | -7.8% |
| Gross operating margin | 9900 | €78,354 | €63,861 | -€14,493 | -18.5% |
| Operating profit (loss) | 9901 | €33,466 | €38,750 | +€5,285 | +15.8% |
| Financial income | 75/76B | €817 | €580 | -€237 | -29.0% |
| Recurring financial income | 75 | €817 | €580 | -€237 | -29.0% |
| Financial charges | 65/66B | €13 | €128 | +€115 | +887% |
| Recurring financial charges | 65 | €13 | €128 | +€115 | +887% |
| Profit (loss) for the period before taxes | 9903 | €34,270 | €39,202 | +€4,933 | +14.4% |
| Income taxes | 67/77 | €7,337 | €8,230 | +€893 | +12.2% |
| Profit (loss) for the period | 9904 | €26,932 | €30,972 | +€4,040 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,932 | €30,972 | +€4,040 | +15.0% |
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.