RUTTEN: 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.
RUTTEN
Largest movements
- Receivables within one year +€71,149
up €71,149 (+170%), from €41,859 to €113,008
of which Other amounts receivable: +€68,099
- Cash -€56,436
down €56,436 (-23.9%), from €236,341 to €179,904
mainly Receivables within one year (-€71,149) and Smaller working-capital items (-€334)
- Current investments -€10,886
no longer reported in 2024 (was €10,886)
- Reserves +€3,800
up €3,800 (+1.7%), from €219,900 to €223,700
of which Distributable reserves: +€3,800
- Gross operating margin -€5,260
down €5,260 (-33.8%), from €15,545 to €10,285
- Depreciation -€4,141
down €4,141 (-87.5%), from €4,731 to €590
- Financial charges -€3,268
down €3,268 (-46.2%), from €7,080 to €3,812
- Financial income +€960
up €960 (+31.2%), from €3,075 to €4,036
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,076 | €295,549 | +€3,473 | +1.2% |
| Fixed assets | 21/28 | €1,814 | €1,224 | -€590 | -32.5% |
| Tangible fixed assets | 22/27 | €1,814 | €1,224 | -€590 | -32.5% |
| Furniture and vehicles | 24 | €1,814 | €1,224 | -€590 | -32.5% |
| Current assets | 29/58 | €290,263 | €294,325 | +€4,063 | +1.4% |
| Amounts receivable within one year | 40/41 | €41,859 | €113,008 | +€71,149 | +170% |
| Trade receivables | 40 | €3,176 | €6,225 | +€3,049 | +96.0% |
| Other amounts receivable | 41 | €38,683 | €106,782 | +€68,099 | +176% |
| Current investments | 50/53 | €10,886 | - | -€10,886 | |
| Cash at bank and in hand | 54/58 | €236,341 | €179,904 | -€56,436 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,178 | €1,414 | +€236 | +20.0% |
| Total equity and liabilities | 10/49 | €292,076 | €295,549 | +€3,473 | +1.2% |
| Equity | 10/15 | €288,346 | €292,153 | +€3,807 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €219,900 | €223,700 | +€3,800 | +1.7% |
| Non-distributable reserves | 130/1 | €10,100 | €10,100 | = | 0.0% |
| Legal reserve | 130 | €10,100 | €10,100 | = | 0.0% |
| Distributable reserves | 133 | €209,800 | €213,600 | +€3,800 | +1.8% |
| Profit (loss) carried forward | 14 | €6,446 | €6,453 | +€7 | +0.1% |
| Amounts payable | 17/49 | €3,730 | €3,396 | -€334 | -8.9% |
| Amounts payable within one year | 42/48 | €3,730 | €3,396 | -€334 | -8.9% |
| Trade debts | 44 | €635 | €476 | -€158 | -24.9% |
| Suppliers | 440/4 | €635 | €476 | -€158 | -24.9% |
| Taxes, remuneration and social security | 45 | €3,096 | €2,920 | -€176 | -5.7% |
| Taxes | 450/3 | €3,096 | €2,920 | -€176 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,731 | €590 | -€4,141 | -87.5% |
| Other operating charges | 640/8 | €1,005 | €1,068 | +€63 | +6.3% |
| Gross operating margin | 9900 | €15,545 | €10,285 | -€5,260 | -33.8% |
| Operating profit (loss) | 9901 | €9,809 | €8,627 | -€1,182 | -12.1% |
| Financial income | 75/76B | €3,075 | €4,036 | +€960 | +31.2% |
| Recurring financial income | 75 | €3,075 | €4,036 | +€960 | +31.2% |
| Financial charges | 65/66B | €7,080 | €3,812 | -€3,268 | -46.2% |
| Recurring financial charges | 65 | €7,080 | €3,812 | -€3,268 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €5,804 | €8,851 | +€3,047 | +52.5% |
| Income taxes | 67/77 | €4,908 | €5,044 | +€136 | +2.8% |
| Profit (loss) for the period | 9904 | €896 | €3,807 | +€2,910 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €896 | €3,807 | +€2,910 | +325% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.