RUTTE84: 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.
RUTTE84
Largest movements
- Cash -€168,217
down €168,217 (-81.7%), from €205,866 to €37,650
mainly Current investments (-€60,000) and Tax, wage and social debts (-€43,737)
- Current investments +€60,000
new in 2025: €60,000
- Receivables within one year +€41,318
up €41,318 (+96.0%), from €43,049 to €84,367
of which Other amounts receivable: +€36,562
- Deferred charges and accrued income +€19,000
new in 2025: €19,000
- Tax, wage and social debts -€43,737
down €43,737 (-79.1%), from €55,328 to €11,591
of which Taxes: -€43,737
- Other debts -€5,155
down €5,155 (-100.0%), from €5,155 to €0
- Financial charges +€53,976
up €53,976 (+8618.5%), from €626 to €54,602
- Gross operating margin +€26,163
up €26,163 (+42.2%), from €61,982 to €88,145
- Taxes -€8,282
down €8,282 (-43.5%), from €19,042 to €10,760
- Financial income +€1,250
up €1,250 (+77.0%), from €1,624 to €2,874
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 | €249,757 | €201,353 | -€48,404 | -19.4% |
| Fixed assets | 21/28 | €841 | €336 | -€505 | -60.0% |
| Tangible fixed assets | 22/27 | €841 | €336 | -€505 | -60.0% |
| Furniture and vehicles | 24 | €841 | €336 | -€505 | -60.0% |
| Current assets | 29/58 | €248,916 | €201,017 | -€47,899 | -19.2% |
| Amounts receivable within one year | 40/41 | €43,049 | €84,367 | +€41,318 | +96.0% |
| Trade receivables | 40 | €19,445 | €24,200 | +€4,755 | +24.5% |
| Other amounts receivable | 41 | €23,605 | €60,167 | +€36,562 | +154.9% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €205,866 | €37,650 | -€168,217 | -81.7% |
| Deferred charges and accrued income | 490/1 | - | €19,000 | +€19,000 | |
| Total equity and liabilities | 10/49 | €249,757 | €201,353 | -€48,404 | -19.4% |
| Equity | 10/15 | €189,054 | €189,083 | +€29 | 0.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €181,554 | €181,583 | +€29 | 0.0% |
| Distributable reserves | 133 | €181,554 | €181,583 | +€29 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €60,703 | €12,270 | -€48,433 | -79.8% |
| Amounts payable within one year | 42/48 | €60,703 | €12,270 | -€48,433 | -79.8% |
| Trade debts | 44 | €220 | €679 | +€459 | +208.8% |
| Suppliers | 440/4 | €220 | €679 | +€459 | +208.8% |
| Taxes, remuneration and social security | 45 | €55,328 | €11,591 | -€43,737 | -79.1% |
| Taxes | 450/3 | €55,328 | €11,591 | -€43,737 | -79.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,155 | €0 | -€5,155 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €505 | = | 0.0% |
| Other operating charges | 640/8 | €511 | €631 | +€120 | +23.4% |
| Gross operating margin | 9900 | €61,982 | €88,145 | +€26,163 | +42.2% |
| Operating profit (loss) | 9901 | €60,965 | €87,009 | +€26,044 | +42.7% |
| Financial income | 75/76B | €1,624 | €2,874 | +€1,250 | +77.0% |
| Recurring financial income | 75 | €1,624 | €2,874 | +€1,250 | +77.0% |
| Financial charges | 65/66B | €626 | €54,602 | +€53,976 | +8618.5% |
| Recurring financial charges | 65 | €626 | €54,602 | +€53,976 | +8618.5% |
| Profit (loss) for the period before taxes | 9903 | €61,963 | €35,281 | -€26,683 | -43.1% |
| Income taxes | 67/77 | €19,042 | €10,760 | -€8,282 | -43.5% |
| Profit (loss) for the period | 9904 | €42,921 | €24,521 | -€18,400 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,921 | €24,521 | -€18,400 | -42.9% |
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 8 October 2026 via checked.be.