RUTH DANIELLE: what changed
Two fiscal 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 DANIELLE
Largest movements
- Cash +€62,007
up €62,007 (+578.0%), from €10,728 to €72,735
mainly Net result for the year (+€37,572) and Receivables within one year (+€12,713)
- Receivables within one year -€12,713
down €12,713 (-92.0%), from €13,825 to €1,111
of which Other amounts receivable: -€10,815
- Deferred charges and accrued income -€4,584
down €4,584 (-34.4%), from €13,344 to €8,760
- Tangible fixed assets -€4,146
down €4,146 (-2.9%), from €141,416 to €137,270
of which Land and buildings: -€6,771
- Reserves +€28,700
up €28,700 (+55.2%), from €52,000 to €80,700
- Other debts +€10,482
up €10,482 (+332.8%), from €3,150 to €13,632
- Accrued charges and deferred income +€7,779
up €7,779 (+315.4%), from €2,466 to €10,245
- Debts after one year -€7,723
down €7,723 (-8.9%), from €87,149 to €79,427
- Tax, wage and social debts +€4,830
up €4,830, from €0 to €4,830
of which Taxes: +€4,830
- Gross operating margin +€41,426
up €41,426 (+135.5%), from €30,569 to €71,995
- Taxes +€12,773
up €12,773 (+210.9%), from €6,057 to €18,830
- Depreciation +€2,180
up €2,180 (+24.3%), from €8,960 to €11,141
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 | €179,338 | €219,902 | +€40,564 | +22.6% |
| Fixed assets | 21/28 | €141,441 | €137,295 | -€4,146 | -2.9% |
| Tangible fixed assets | 22/27 | €141,416 | €137,270 | -€4,146 | -2.9% |
| Land and buildings | 22 | €131,526 | €124,754 | -€6,771 | -5.1% |
| Plant, machinery and equipment | 23 | €9,890 | €12,516 | +€2,626 | +26.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €37,897 | €82,607 | +€44,710 | +118.0% |
| Amounts receivable within one year | 40/41 | €13,825 | €1,111 | -€12,713 | -92.0% |
| Trade receivables | 40 | €3,010 | €1,111 | -€1,899 | -63.1% |
| Other amounts receivable | 41 | €10,815 | €0 | -€10,815 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,728 | €72,735 | +€62,007 | +578.0% |
| Deferred charges and accrued income | 490/1 | €13,344 | €8,760 | -€4,584 | -34.4% |
| Total equity and liabilities | 10/49 | €179,338 | €219,902 | +€40,564 | +22.6% |
| Equity | 10/15 | €73,263 | €101,236 | +€27,972 | +38.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €80,700 | +€28,700 | +55.2% |
| Distributable reserves | 133 | €52,000 | €80,700 | +€28,700 | +55.2% |
| Profit (loss) carried forward | 14 | €1,263 | €536 | -€728 | -57.6% |
| Amounts payable | 17/49 | €106,075 | €118,666 | +€12,592 | +11.9% |
| Amounts payable after more than one year | 17 | €87,149 | €79,427 | -€7,723 | -8.9% |
| Financial debts | 170/4 | €87,149 | €79,427 | -€7,723 | -8.9% |
| Amounts payable within one year | 42/48 | €16,459 | €28,995 | +€12,536 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €10,912 | €10,094 | -€818 | -7.5% |
| Trade debts | 44 | €2,398 | €440 | -€1,958 | -81.6% |
| Suppliers | 440/4 | €2,398 | €440 | -€1,958 | -81.6% |
| Taxes, remuneration and social security | 45 | €0 | €4,830 | +€4,830 | |
| Taxes | 450/3 | €0 | €4,830 | +€4,830 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €3,150 | €13,632 | +€10,482 | +332.8% |
| Accrued charges and deferred income | 492/3 | €2,466 | €10,245 | +€7,779 | +315.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,960 | €11,141 | +€2,180 | +24.3% |
| Other operating charges | 640/8 | €1,160 | €1,537 | +€377 | +32.5% |
| Gross operating margin | 9900 | €30,569 | €71,995 | +€41,426 | +135.5% |
| Operating profit (loss) | 9901 | €20,449 | €59,318 | +€38,869 | +190.1% |
| Financial income | 75/76B | €245 | - | -€245 | |
| Recurring financial income | 75 | €245 | - | -€245 | |
| Financial charges | 65/66B | €3,144 | €2,916 | -€228 | -7.3% |
| Recurring financial charges | 65 | €3,044 | €2,816 | -€228 | -7.5% |
| Non-recurring financial charges | 66B | €100 | €100 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €17,550 | €56,402 | +€38,852 | +221.4% |
| Income taxes | 67/77 | €6,057 | €18,830 | +€12,773 | +210.9% |
| Profit (loss) for the period | 9904 | €11,493 | €37,572 | +€26,079 | +226.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,493 | €37,572 | +€26,079 | +226.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.