RUTA: 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.
RUTA
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-98.8%), from €1.4m to €16,861
of which Other tangible fixed assets: -€1.3m
- Current investments +€1.2m
up €1.2m (+16,579%), from €6,970 to €1.2m
- Stocks and contracts -€411,228
down €411,228 (-100%), from €411,228 to €0
- Cash -€38,284
down €38,284 (-35.5%), from €107,938 to €69,654
mainly Trade debts (-€1.5m) and Current investments (-€1.2m)
- Profit (loss) carried forward +€1.6m
up €1.6m, from -€520,047 to €1.1m
- Trade debts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Short-term financial debts -€376,000
down €376,000 (-100%), from €376,000 to €0
- Debts after one year -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tax, wage and social debts -€136,843
down €136,843 (-100%), from €136,843 to €0
of which Remuneration and social security: -€115,600
- Gross operating margin +€1.3m
up €1.3m (+143%), from €929,879 to €2.3m
- Staff costs -€491,777
down €491,777 (-63.7%), from €771,945 to €280,168
- Taxes +€313,363
up €313,363 (+102,099%), from €307 to €313,670
- Depreciation -€190,688
down €190,688 (-96.7%), from €197,273 to €6,586
- Financial charges -€56,745
down €56,745 (-62.0%), from €91,597 to €34,852
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,913,384 | €1,269,887 | -€643,497 | -33.6% |
| Fixed assets | 21/28 | €1,354,495 | €16,861 | -€1.3m | -98.8% |
| Tangible fixed assets | 22/27 | €1,354,495 | €16,861 | -€1.3m | -98.8% |
| Plant, machinery and equipment | 23 | €20,192 | €0 | -€20,192 | -100% |
| Furniture and vehicles | 24 | €31,349 | €16,861 | -€14,488 | -46.2% |
| Other tangible fixed assets | 26 | €1,302,954 | €0 | -€1.3m | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €558,890 | €1,253,026 | +€694,137 | +124% |
| Stocks and contracts in progress | 3 | €411,228 | €0 | -€411,228 | -100% |
| Stocks | 30/36 | €411,228 | €0 | -€411,228 | -100% |
| Amounts receivable within one year | 40/41 | €31,263 | €20,286 | -€10,977 | -35.1% |
| Trade receivables | 40 | €29,278 | €5,306 | -€23,972 | -81.9% |
| Other amounts receivable | 41 | €1,984 | €14,979 | +€12,995 | +655% |
| Current investments | 50/53 | €6,970 | €1,162,560 | +€1.2m | +16,579% |
| Cash at bank and in hand | 54/58 | €107,938 | €69,654 | -€38,284 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,491 | €527 | -€964 | -64.7% |
| Total equity and liabilities | 10/49 | €1,913,384 | €1,269,887 | -€643,497 | -33.6% |
| Equity | 10/15 | -€365,705 | €1,269,637 | +€1.6m | |
| Contributions | 10/11 | €154,341 | €154,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,047 | €1,115,296 | +€1.6m | |
| Amounts payable | 17/49 | €2,279,090 | €250 | -€2.3m | -100.0% |
| Amounts payable after more than one year | 17 | €300,000 | €0 | -€300,000 | -100% |
| Financial debts | 170/4 | €300,000 | €0 | -€300,000 | -100% |
| Amounts payable within one year | 42/48 | €1,979,090 | €250 | -€2.0m | -100.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €376,000 | €0 | -€376,000 | -100% |
| Credit institutions | 430/8 | €376,000 | €0 | -€376,000 | -100% |
| Trade debts | 44 | €1,463,746 | €0 | -€1.5m | -100% |
| Suppliers | 440/4 | €1,463,746 | €0 | -€1.5m | -100% |
| Taxes, remuneration and social security | 45 | €136,843 | €0 | -€136,843 | -100% |
| Taxes | 450/3 | €21,243 | €0 | -€21,243 | -100% |
| Remuneration and social security | 454/9 | €115,600 | €0 | -€115,600 | -100% |
| Other amounts payable | 47/48 | €2,500 | €250 | -€2,250 | -90.0% |
| Remuneration, social security and pensions | 62 | €771,945 | €280,168 | -€491,777 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,273 | €6,586 | -€190,688 | -96.7% |
| Other operating charges | 640/8 | €7,914 | €3,849 | -€4,065 | -51.4% |
| Gross operating margin | 9900 | €929,879 | €2,263,392 | +€1.3m | +143% |
| Operating profit (loss) | 9901 | -€47,253 | €1,972,789 | +€2.0m | |
| Financial income | 75/76B | €233 | €11,075 | +€10,843 | +4,655% |
| Recurring financial income | 75 | €233 | €11,075 | +€10,843 | +4,655% |
| Financial charges | 65/66B | €91,597 | €34,852 | -€56,745 | -62.0% |
| Recurring financial charges | 65 | €91,597 | €34,852 | -€56,745 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€138,618 | €1,949,013 | +€2.1m | |
| Income taxes | 67/77 | €307 | €313,670 | +€313,363 | +102,099% |
| Profit (loss) for the period | 9904 | -€138,925 | €1,635,343 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€138,925 | €1,635,343 | +€1.8m |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.