RUTMAS: 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.
RUTMAS
Largest movements
- Receivables within one year -€45,960
down €45,960 (-33.9%), from €135,630 to €89,670
of which Other amounts receivable: -€25,013
- Tangible fixed assets -€20,731
down €20,731 (-9.1%), from €228,296 to €207,565
of which Land and buildings: -€14,102
- Reserves -€67,242
down €67,242 (-64.7%), from €103,917 to €36,675
- Current portion of long-term debt +€57,942
up €57,942 (+38.2%), from €151,766 to €209,708
- Other debts -€42,226
down €42,226 (-96.3%), from €43,861 to €1,635
- Trade debts -€8,756
down €8,756 (-38.8%), from €22,584 to €13,828
- Tax, wage and social debts -€7,082
down €7,082 (-17.2%), from €41,241 to €34,159
of which Remuneration and social security: -€8,600
- Staff costs -€31,555
down €31,555 (-9.8%), from €321,053 to €289,498
- Gross operating margin -€12,378
down €12,378 (-4.2%), from €298,064 to €285,686
- Other operating charges +€9,242
up €9,242 (+77.0%), from €12,004 to €21,246
- Financial charges +€8,438
up €8,438 (+64.1%), from €13,156 to €21,594
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.
Derived cash bridge
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 | €395,793 | €328,445 | -€67,348 | -17.0% |
| Fixed assets | 21/28 | €228,456 | €207,725 | -€20,731 | -9.1% |
| Tangible fixed assets | 22/27 | €228,296 | €207,565 | -€20,731 | -9.1% |
| Land and buildings | 22 | €218,209 | €204,107 | -€14,102 | -6.5% |
| Furniture and vehicles | 24 | €10,087 | €3,458 | -€6,629 | -65.7% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €167,337 | €120,720 | -€46,617 | -27.9% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,630 | €89,670 | -€45,960 | -33.9% |
| Trade receivables | 40 | €105,712 | €84,766 | -€20,947 | -19.8% |
| Other amounts receivable | 41 | €29,917 | €4,904 | -€25,013 | -83.6% |
| Cash at bank and in hand | 54/58 | €24,207 | €23,550 | -€658 | -2.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €395,793 | €328,445 | -€67,348 | -17.0% |
| Equity | 10/15 | €123,917 | €56,675 | -€67,242 | -54.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €103,917 | €36,675 | -€67,242 | -64.7% |
| Distributable reserves | 133 | €103,917 | €36,675 | -€67,242 | -64.7% |
| Amounts payable | 17/49 | €271,876 | €271,770 | -€106 | 0.0% |
| Amounts payable after more than one year | 17 | €12,424 | €12,440 | +€15 | +0.1% |
| Financial debts | 170/4 | €12,424 | €12,440 | +€15 | +0.1% |
| Amounts payable within one year | 42/48 | €259,451 | €259,330 | -€121 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €151,766 | €209,708 | +€57,942 | +38.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,584 | €13,828 | -€8,756 | -38.8% |
| Suppliers | 440/4 | €22,584 | €13,828 | -€8,756 | -38.8% |
| Taxes, remuneration and social security | 45 | €41,241 | €34,159 | -€7,082 | -17.2% |
| Taxes | 450/3 | €629 | €2,147 | +€1,518 | +242% |
| Remuneration and social security | 454/9 | €40,612 | €32,012 | -€8,600 | -21.2% |
| Other amounts payable | 47/48 | €43,861 | €1,635 | -€42,226 | -96.3% |
| Remuneration, social security and pensions | 62 | €321,053 | €289,498 | -€31,555 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,157 | €20,731 | -€1,426 | -6.4% |
| Other operating charges | 640/8 | €12,004 | €21,246 | +€9,242 | +77.0% |
| Gross operating margin | 9900 | €298,064 | €285,686 | -€12,378 | -4.2% |
| Operating profit (loss) | 9901 | -€57,149 | -€45,789 | +€11,360 | +19.9% |
| Financial income | 75/76B | €1,079 | €141 | -€938 | -86.9% |
| Recurring financial income | 75 | €1,079 | €141 | -€938 | -86.9% |
| Financial charges | 65/66B | €13,156 | €21,594 | +€8,438 | +64.1% |
| Recurring financial charges | 65 | €13,156 | €21,594 | +€8,438 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | -€69,226 | -€67,242 | +€1,984 | +2.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€69,226 | -€67,242 | +€1,984 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,226 | -€67,242 | +€1,984 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.