RUSTPUNT: 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.
RUSTPUNT
Largest movements
- Tangible fixed assets -€1,522
down €1,522 (-72.3%), from €2,105 to €583
- Receivables within one year -€565
no longer reported in 2025 (was €565)
of which Trade receivables: -€390
- Formation expenses -€245
down €245 (-25.5%), from €960 to €715
- Deferred charges and accrued income -€123
down €123 (-20.5%), from €601 to €478
- Profit (loss) carried forward -€10,492
down €10,492 (-38.1%), from -€27,504 to -€37,996
- Other debts +€7,140
up €7,140 (+27.6%), from €25,908 to €33,048
- Tax, wage and social debts +€890
new in 2025: €890
- Accrued charges and deferred income +€75
new in 2025: €75
- Trade debts -€61
down €61 (-45.7%), from €133 to €72
- Gross operating margin +€2,485
up €2,485 (+27.2%), from -€9,134 to -€6,649
- Depreciation +€583
up €583 (+49.2%), from €1,185 to €1,768
- Other operating charges -€515
down €515 (-39.3%), from €1,311 to €796
- Taxes +€415
new in 2025: €415
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 | €5,137 | €2,689 | -€2,448 | -47.7% |
| Formation expenses | 20 | €960 | €715 | -€245 | -25.5% |
| Fixed assets | 21/28 | €2,105 | €583 | -€1,522 | -72.3% |
| Tangible fixed assets | 22/27 | €2,105 | €583 | -€1,522 | -72.3% |
| Furniture and vehicles | 24 | €2,105 | €583 | -€1,522 | -72.3% |
| Current assets | 29/58 | €2,072 | €1,391 | -€681 | -32.9% |
| Amounts receivable within one year | 40/41 | €565 | - | -€565 | |
| Trade receivables | 40 | €390 | - | -€390 | |
| Other amounts receivable | 41 | €175 | - | -€175 | |
| Cash at bank and in hand | 54/58 | €906 | €913 | +€7 | +0.7% |
| Deferred charges and accrued income | 490/1 | €601 | €478 | -€123 | -20.5% |
| Total equity and liabilities | 10/49 | €5,137 | €2,689 | -€2,448 | -47.7% |
| Equity | 10/15 | -€20,904 | -€31,396 | -€10,492 | -50.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,504 | -€37,996 | -€10,492 | -38.1% |
| Amounts payable | 17/49 | €26,040 | €34,085 | +€8,045 | +30.9% |
| Amounts payable within one year | 42/48 | €26,040 | €34,010 | +€7,970 | +30.6% |
| Trade debts | 44 | €133 | €72 | -€61 | -45.7% |
| Suppliers | 440/4 | €133 | €72 | -€61 | -45.7% |
| Taxes, remuneration and social security | 45 | - | €890 | +€890 | |
| Taxes | 450/3 | - | €890 | +€890 | |
| Other amounts payable | 47/48 | €25,908 | €33,048 | +€7,140 | +27.6% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €1,768 | +€583 | +49.2% |
| Other operating charges | 640/8 | €1,311 | €796 | -€515 | -39.3% |
| Non-recurring operating charges | 66A | - | €368 | +€368 | |
| Gross operating margin | 9900 | -€9,134 | -€6,649 | +€2,485 | +27.2% |
| Operating profit (loss) | 9901 | -€11,630 | -€9,581 | +€2,049 | +17.6% |
| Financial charges | 65/66B | €559 | €496 | -€63 | -11.3% |
| Recurring financial charges | 65 | €559 | €496 | -€63 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,189 | -€10,077 | +€2,112 | +17.3% |
| Income taxes | 67/77 | - | €415 | +€415 | |
| Profit (loss) for the period | 9904 | -€12,189 | -€10,492 | +€1,697 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,189 | -€10,492 | +€1,697 | +13.9% |
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 13 October 2026 via checked.be.