Ruth: 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.
Ruth
Largest movements
- Stocks and contracts -€21,560
down €21,560 (-23.4%), from €92,311 to €70,751
- Receivables within one year -€2,743
down €2,743 (-98.6%), from €2,781 to €38
of which Trade receivables: -€2,307
- Tangible fixed assets -€2,256
down €2,256 (-23.4%), from €9,656 to €7,400
- Intangible fixed assets -€1,720
down €1,720 (-76.0%), from €2,264 to €544
- Debts after one year -€13,296
down €13,296 (-56.3%), from €23,624 to €10,328
- Trade debts -€13,147
down €13,147 (-57.1%), from €23,039 to €9,892
- Tax, wage and social debts -€6,829
down €6,829 (-52.1%), from €13,117 to €6,288
of which Remuneration and social security: -€3,627
- Short-term financial debts +€5,941
up €5,941 (+65.6%), from €9,059 to €15,000
- Financial charges +€3,562
up €3,562 (+87.9%), from €4,053 to €7,615
- Gross operating margin +€3,129
up €3,129 (+11.2%), from €27,854 to €30,983
- Financial income +€1,701
up €1,701 (+117.2%), from €1,451 to €3,152
- Taxes +€1,563
up €1,563 (+195.6%), from €799 to €2,362
- Staff costs +€1,559
up €1,559 (+9.0%), from €17,262 to €18,821
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 | €118,699 | €90,112 | -€28,587 | -24.1% |
| Fixed assets | 21/28 | €11,920 | €7,944 | -€3,976 | -33.4% |
| Intangible fixed assets | 21 | €2,264 | €544 | -€1,720 | -76.0% |
| Tangible fixed assets | 22/27 | €9,656 | €7,400 | -€2,256 | -23.4% |
| Plant, machinery and equipment | 23 | €3,430 | €2,777 | -€653 | -19.0% |
| Furniture and vehicles | 24 | €916 | €5 | -€911 | -99.5% |
| Other tangible fixed assets | 26 | €5,310 | €4,618 | -€692 | -13.0% |
| Current assets | 29/58 | €106,779 | €82,168 | -€24,611 | -23.0% |
| Stocks and contracts in progress | 3 | €92,311 | €70,751 | -€21,560 | -23.4% |
| Stocks | 30/36 | €92,311 | €70,751 | -€21,560 | -23.4% |
| Amounts receivable within one year | 40/41 | €2,781 | €38 | -€2,743 | -98.6% |
| Trade receivables | 40 | €2,345 | €38 | -€2,307 | -98.4% |
| Other amounts receivable | 41 | €436 | - | -€436 | |
| Cash at bank and in hand | 54/58 | €11,687 | €11,379 | -€308 | -2.6% |
| Total equity and liabilities | 10/49 | €118,699 | €90,112 | -€28,587 | -24.1% |
| Equity | 10/15 | €34,584 | €35,308 | +€724 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,686 | €40,686 | = | 0.0% |
| Distributable reserves | 133 | €40,686 | €40,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,502 | -€17,778 | +€724 | +3.9% |
| Amounts payable | 17/49 | €84,115 | €54,804 | -€29,311 | -34.8% |
| Amounts payable after more than one year | 17 | €23,624 | €10,328 | -€13,296 | -56.3% |
| Financial debts | 170/4 | €23,624 | €10,328 | -€13,296 | -56.3% |
| Amounts payable within one year | 42/48 | €60,491 | €44,476 | -€16,015 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €14,432 | €13,296 | -€1,136 | -7.9% |
| Financial debts | 43 | €9,059 | €15,000 | +€5,941 | +65.6% |
| Credit institutions | 430/8 | €9,059 | €15,000 | +€5,941 | +65.6% |
| Trade debts | 44 | €23,039 | €9,892 | -€13,147 | -57.1% |
| Suppliers | 440/4 | €23,039 | €9,892 | -€13,147 | -57.1% |
| Taxes, remuneration and social security | 45 | €13,117 | €6,288 | -€6,829 | -52.1% |
| Taxes | 450/3 | €9,490 | €6,288 | -€3,202 | -33.7% |
| Remuneration and social security | 454/9 | €3,627 | - | -€3,627 | |
| Other amounts payable | 47/48 | €844 | - | -€844 | |
| Remuneration, social security and pensions | 62 | €17,262 | €18,821 | +€1,559 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €3,976 | -€511 | -11.4% |
| Other operating charges | 640/8 | - | €637 | +€637 | |
| Gross operating margin | 9900 | €27,854 | €30,983 | +€3,129 | +11.2% |
| Operating profit (loss) | 9901 | €6,105 | €7,549 | +€1,444 | +23.7% |
| Financial income | 75/76B | €1,451 | €3,152 | +€1,701 | +117.2% |
| Recurring financial income | 75 | €1,451 | €3,152 | +€1,701 | +117.2% |
| Financial charges | 65/66B | €4,053 | €7,615 | +€3,562 | +87.9% |
| Recurring financial charges | 65 | €4,053 | €7,615 | +€3,562 | +87.9% |
| Profit (loss) for the period before taxes | 9903 | €3,503 | €3,086 | -€417 | -11.9% |
| Income taxes | 67/77 | €799 | €2,362 | +€1,563 | +195.6% |
| Profit (loss) for the period | 9904 | €2,704 | €724 | -€1,980 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €724 | -€1,980 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.