RUTSAERT TECHNICS: 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.
RUTSAERT TECHNICS
Largest movements
- Cash +€261,976
up €261,976 (+119%), from €220,834 to €482,811
mainly Current investments (+€110,000) and Accrued charges and deferred income (+€67,514)
- Current investments -€110,000
down €110,000 (-55.0%), from €200,000 to €90,000
- Stocks and contracts +€29,985
new in 2025: €29,985
- Tangible fixed assets -€11,283
down €11,283 (-28.7%), from €39,333 to €28,049
of which Furniture and vehicles: -€10,118
- Receivables within one year +€8,047
up €8,047 (+10,154%), from €79 to €8,126
of which Other amounts receivable: +€6,807
- Accrued charges and deferred income +€67,514
up €67,514 (+682%), from €9,899 to €77,413
- Reserves +€58,968
up €58,968 (+16.0%), from €367,824 to €426,792
- Trade debts +€40,428
up €40,428 (+3,956%), from €1,022 to €41,450
- Current portion of long-term debt +€11,667
new in 2025: €11,667
- Gross operating margin +€43,535
up €43,535 (+86.2%), from €50,478 to €94,013
- Taxes +€17,964
up €17,964 (+154%), from €11,677 to €29,641
- Financial income +€3,173
up €3,173 (+93.8%), from €3,381 to €6,554
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 | €465,490 | €643,829 | +€178,339 | +38.3% |
| Fixed assets | 21/28 | €39,333 | €28,049 | -€11,283 | -28.7% |
| Tangible fixed assets | 22/27 | €39,333 | €28,049 | -€11,283 | -28.7% |
| Land and buildings | 22 | €1,733 | €1,031 | -€701 | -40.5% |
| Plant, machinery and equipment | 23 | €1,315 | €851 | -€465 | -35.3% |
| Furniture and vehicles | 24 | €36,285 | €26,167 | -€10,118 | -27.9% |
| Current assets | 29/58 | €426,158 | €615,780 | +€189,622 | +44.5% |
| Stocks and contracts in progress | 3 | - | €29,985 | +€29,985 | |
| Stocks | 30/36 | - | €29,985 | +€29,985 | |
| Amounts receivable within one year | 40/41 | €79 | €8,126 | +€8,047 | +10,154% |
| Trade receivables | 40 | - | €1,240 | +€1,240 | |
| Other amounts receivable | 41 | €79 | €6,886 | +€6,807 | +8,589% |
| Current investments | 50/53 | €200,000 | €90,000 | -€110,000 | -55.0% |
| Cash at bank and in hand | 54/58 | €220,834 | €482,811 | +€261,976 | +119% |
| Deferred charges and accrued income | 490/1 | €5,244 | €4,858 | -€386 | -7.4% |
| Total equity and liabilities | 10/49 | €465,490 | €643,829 | +€178,339 | +38.3% |
| Equity | 10/15 | €374,024 | €432,992 | +€58,968 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €367,824 | €426,792 | +€58,968 | +16.0% |
| Distributable reserves | 133 | €367,824 | €426,792 | +€58,968 | +16.0% |
| Amounts payable | 17/49 | €91,466 | €210,837 | +€119,371 | +131% |
| Amounts payable within one year | 42/48 | €81,567 | €133,424 | +€51,857 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,667 | +€11,667 | |
| Trade debts | 44 | €1,022 | €41,450 | +€40,428 | +3,956% |
| Suppliers | 440/4 | €1,022 | €41,450 | +€40,428 | +3,956% |
| Taxes, remuneration and social security | 45 | €3,163 | €3,338 | +€175 | +5.5% |
| Taxes | 450/3 | €3,163 | €3,338 | +€175 | +5.5% |
| Other amounts payable | 47/48 | €77,382 | €76,969 | -€413 | -0.5% |
| Accrued charges and deferred income | 492/3 | €9,899 | €77,413 | +€67,514 | +682% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,897 | €11,283 | +€386 | +3.5% |
| Other operating charges | 640/8 | €226 | €331 | +€106 | +46.8% |
| Gross operating margin | 9900 | €50,478 | €94,013 | +€43,535 | +86.2% |
| Operating profit (loss) | 9901 | €39,355 | €82,398 | +€43,043 | +109% |
| Financial income | 75/76B | €3,381 | €6,554 | +€3,173 | +93.8% |
| Recurring financial income | 75 | €3,381 | €6,554 | +€3,173 | +93.8% |
| Financial charges | 65/66B | €238 | €343 | +€105 | +44.1% |
| Recurring financial charges | 65 | €238 | €343 | +€105 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €42,498 | €88,609 | +€46,111 | +109% |
| Income taxes | 67/77 | €11,677 | €29,641 | +€17,964 | +154% |
| Profit (loss) for the period | 9904 | €30,820 | €58,968 | +€28,147 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,820 | €58,968 | +€28,147 | +91.3% |
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 13 October 2026 via checked.be.