Ruth Vreys: 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 Vreys
Largest movements
- Cash +€7,730
up €7,730 (+218.6%), from €3,537 to €11,267
mainly Net result for the year (+€4,520) and Receivables within one year (+€3,284)
- Receivables within one year -€3,284
down €3,284 (-30.2%), from €10,857 to €7,573
of which Other amounts receivable: -€1,736
- Profit (loss) carried forward +€3,720
up €3,720 (+58.4%), from €6,372 to €10,091
- Other debts +€810
up €810 (+19.7%), from €4,118 to €4,928
- Trade debts +€242
up €242 (+576.2%), from €42 to €284
- Tax, wage and social debts -€207
down €207 (-46.3%), from €447 to €240
- Gross operating margin -€3,948
down €3,948 (-36.7%), from €10,769 to €6,820
- Taxes -€972
down €972 (-35.9%), from €2,707 to €1,736
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
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 | €14,647 | €19,098 | +€4,451 | +30.4% |
| Current assets | 29/58 | €14,647 | €19,098 | +€4,451 | +30.4% |
| Amounts receivable within one year | 40/41 | €10,857 | €7,573 | -€3,284 | -30.2% |
| Trade receivables | 40 | €8,357 | €6,809 | -€1,548 | -18.5% |
| Other amounts receivable | 41 | €2,500 | €764 | -€1,736 | -69.4% |
| Cash at bank and in hand | 54/58 | €3,537 | €11,267 | +€7,730 | +218.6% |
| Deferred charges and accrued income | 490/1 | €253 | €259 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €14,647 | €19,098 | +€4,451 | +30.4% |
| Equity | 10/15 | €9,372 | €13,091 | +€3,720 | +39.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,372 | €10,091 | +€3,720 | +58.4% |
| Amounts payable | 17/49 | €5,275 | €6,007 | +€731 | +13.9% |
| Amounts payable within one year | 42/48 | €4,607 | €5,452 | +€845 | +18.3% |
| Trade debts | 44 | €42 | €284 | +€242 | +576.2% |
| Suppliers | 440/4 | €42 | €284 | +€242 | +576.2% |
| Taxes, remuneration and social security | 45 | €447 | €240 | -€207 | -46.3% |
| Taxes | 450/3 | €447 | €240 | -€207 | -46.3% |
| Other amounts payable | 47/48 | €4,118 | €4,928 | +€810 | +19.7% |
| Accrued charges and deferred income | 492/3 | €668 | €555 | -€113 | -17.0% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €10,769 | €6,820 | -€3,948 | -36.7% |
| Operating profit (loss) | 9901 | €9,879 | €6,300 | -€3,578 | -36.2% |
| Financial charges | 65/66B | €0 | €45 | +€45 | +149900.0% |
| Recurring financial charges | 65 | €0 | €45 | +€45 | +149900.0% |
| Profit (loss) for the period before taxes | 9903 | €9,879 | €6,255 | -€3,623 | -36.7% |
| Income taxes | 67/77 | €2,707 | €1,736 | -€972 | -35.9% |
| Profit (loss) for the period | 9904 | €7,172 | €4,520 | -€2,652 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,172 | €4,520 | -€2,652 | -37.0% |
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 8 October 2026 via checked.be.