RUTH OPTIEK: what changed
RUTH OPTIEK
Largest movements
- Receivables within one year -€255,810
down €255,810 (-95.5%), from €267,984 to €12,174
of which Other amounts receivable: -€253,023
- Cash +€59,299
up €59,299 (+284%), from €20,899 to €80,198
mainly Receivables within one year (+€255,810) and Stocks and contracts (+€14,301)
- Stocks and contracts -€14,301
down €14,301 (-18.2%), from €78,749 to €64,448
- Reserves -€163,651
down €163,651 (-57.5%), from €284,522 to €120,871
of which Distributable reserves: -€163,651
- Tax, wage and social debts -€24,823
down €24,823 (-47.6%), from €52,166 to €27,343
of which Taxes: -€25,647
- Profit (loss) carried forward -€17,298
new in 2025: -€17,298
- Trade debts -€10,622
down €10,622 (-29.3%), from €36,287 to €25,666
- Other debts +€8,611
new in 2025: €8,611
- Financial charges +€35,065
up €35,065 (+673%), from €5,211 to €40,277
- Financial income -€16,191
down €16,191 (-99.9%), from €16,209 to €17
- Taxes -€12,905
down €12,905 (-90.4%), from €14,283 to €1,378
- Staff costs +€6,049
up €6,049 (+12.3%), from €49,233 to €55,283
- Gross operating margin -€3,358
down €3,358 (-3.7%), from €91,707 to €88,349
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,831 | €185,321 | -€209,510 | -53.1% |
| Fixed assets | 21/28 | €22,359 | €23,414 | +€1,054 | +4.7% |
| Tangible fixed assets | 22/27 | €21,931 | €22,985 | +€1,054 | +4.8% |
| Plant, machinery and equipment | 23 | €17,430 | €18,353 | +€922 | +5.3% |
| Furniture and vehicles | 24 | €4,500 | €4,632 | +€132 | +2.9% |
| Financial fixed assets | 28 | €429 | €429 | = | 0.0% |
| Current assets | 29/58 | €372,471 | €161,907 | -€210,564 | -56.5% |
| Stocks and contracts in progress | 3 | €78,749 | €64,448 | -€14,301 | -18.2% |
| Stocks | 30/36 | €78,749 | €64,448 | -€14,301 | -18.2% |
| Amounts receivable within one year | 40/41 | €267,984 | €12,174 | -€255,810 | -95.5% |
| Trade receivables | 40 | €2,787 | €0 | -€2,787 | -100% |
| Other amounts receivable | 41 | €265,197 | €12,174 | -€253,023 | -95.4% |
| Cash at bank and in hand | 54/58 | €20,899 | €80,198 | +€59,299 | +284% |
| Deferred charges and accrued income | 490/1 | €4,839 | €5,088 | +€249 | +5.1% |
| Total equity and liabilities | 10/49 | €394,831 | €185,321 | -€209,510 | -53.1% |
| Equity | 10/15 | €303,122 | €122,173 | -€180,949 | -59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,522 | €120,871 | -€163,651 | -57.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,695 | €3,695 | = | 0.0% |
| Distributable reserves | 133 | €278,967 | €115,316 | -€163,651 | -58.7% |
| Profit (loss) carried forward | 14 | - | -€17,298 | -€17,298 | |
| Amounts payable | 17/49 | €91,709 | €63,148 | -€28,561 | -31.1% |
| Amounts payable within one year | 42/48 | €91,709 | €63,148 | -€28,561 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €3,048 | €1,519 | -€1,529 | -50.2% |
| Financial debts | 43 | €207 | €10 | -€198 | -95.3% |
| Credit institutions | 430/8 | €207 | €10 | -€198 | -95.3% |
| Trade debts | 44 | €36,287 | €25,666 | -€10,622 | -29.3% |
| Suppliers | 440/4 | €36,287 | €25,666 | -€10,622 | -29.3% |
| Taxes, remuneration and social security | 45 | €52,166 | €27,343 | -€24,823 | -47.6% |
| Taxes | 450/3 | €45,807 | €20,159 | -€25,647 | -56.0% |
| Remuneration and social security | 454/9 | €6,359 | €7,183 | +€824 | +13.0% |
| Other amounts payable | 47/48 | - | €8,611 | +€8,611 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,233 | €55,283 | +€6,049 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,752 | €5,356 | +€604 | +12.7% |
| Other operating charges | 640/8 | €3,589 | €3,371 | -€218 | -6.1% |
| Gross operating margin | 9900 | €91,707 | €88,349 | -€3,358 | -3.7% |
| Operating profit (loss) | 9901 | €34,133 | €24,340 | -€9,794 | -28.7% |
| Financial income | 75/76B | €16,209 | €17 | -€16,191 | -99.9% |
| Recurring financial income | 75 | €16,209 | €17 | -€16,191 | -99.9% |
| Financial charges | 65/66B | €5,211 | €40,277 | +€35,065 | +673% |
| Recurring financial charges | 65 | €5,211 | €40,277 | +€35,065 | +673% |
| Profit (loss) for the period before taxes | 9903 | €45,130 | -€15,920 | -€61,050 | |
| Income taxes | 67/77 | €14,283 | €1,378 | -€12,905 | -90.4% |
| Profit (loss) for the period | 9904 | €30,848 | -€17,298 | -€48,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,848 | -€17,298 | -€48,146 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.