Rutz: 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.
Rutz
Largest movements
- Deferred charges and accrued income +€2,970
up €2,970 (+2864.1%), from €104 to €3,074
- Receivables within one year -€2,438
down €2,438 (-56.3%), from €4,328 to €1,890
- Cash +€1,552
up €1,552 (+51.9%), from €2,989 to €4,541
mainly Receivables within one year (+€2,438) and Depreciation (+€2,111)
- Intangible fixed assets -€1,534
down €1,534 (-27.7%), from €5,532 to €3,998
- Tangible fixed assets +€455
up €455 (+79.2%), from €574 to €1,029
of which Plant, machinery and equipment: +€900
- Tax, wage and social debts +€1,764
up €1,764 (+76.3%), from €2,314 to €4,078
- Reserves -€441
down €441 (-8.2%), from €5,394 to €4,954
- Trade debts -€319
no longer reported in 2025 (was €319)
- Gross operating margin +€9,624
up €9,624, from -€7,618 to €2,006
- Depreciation +€132
up €132 (+6.7%), from €1,979 to €2,111
- Other operating charges +€102
up €102 (+86.4%), from €118 to €220
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 | €13,527 | €14,532 | +€1,005 | +7.4% |
| Fixed assets | 21/28 | €6,106 | €5,027 | -€1,079 | -17.7% |
| Intangible fixed assets | 21 | €5,532 | €3,998 | -€1,534 | -27.7% |
| Tangible fixed assets | 22/27 | €574 | €1,029 | +€455 | +79.2% |
| Plant, machinery and equipment | 23 | - | €900 | +€900 | |
| Furniture and vehicles | 24 | €574 | €129 | -€446 | -77.6% |
| Current assets | 29/58 | €7,420 | €9,505 | +€2,084 | +28.1% |
| Amounts receivable within one year | 40/41 | €4,328 | €1,890 | -€2,438 | -56.3% |
| Trade receivables | 40 | €4,328 | €1,890 | -€2,438 | -56.3% |
| Cash at bank and in hand | 54/58 | €2,989 | €4,541 | +€1,552 | +51.9% |
| Deferred charges and accrued income | 490/1 | €104 | €3,074 | +€2,970 | +2864.1% |
| Total equity and liabilities | 10/49 | €13,527 | €14,532 | +€1,005 | +7.4% |
| Equity | 10/15 | €10,894 | €10,454 | -€441 | -4.0% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €5,394 | €4,954 | -€441 | -8.2% |
| Distributable reserves | 133 | €5,394 | €4,954 | -€441 | -8.2% |
| Amounts payable | 17/49 | €2,632 | €4,078 | +€1,445 | +54.9% |
| Amounts payable within one year | 42/48 | €2,632 | €4,078 | +€1,445 | +54.9% |
| Trade debts | 44 | €319 | - | -€319 | |
| Suppliers | 440/4 | €319 | - | -€319 | |
| Taxes, remuneration and social security | 45 | €2,314 | €4,078 | +€1,764 | +76.3% |
| Taxes | 450/3 | €2,314 | €4,078 | +€1,764 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €2,111 | +€132 | +6.7% |
| Other operating charges | 640/8 | €118 | €220 | +€102 | +86.4% |
| Gross operating margin | 9900 | -€7,618 | €2,006 | +€9,624 | |
| Operating profit (loss) | 9901 | -€9,716 | -€326 | +€9,390 | +96.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €47 | €116 | +€69 | +145.6% |
| Recurring financial charges | 65 | €47 | €116 | +€69 | +145.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,763 | -€441 | +€9,322 | +95.5% |
| Profit (loss) for the period | 9904 | -€9,763 | -€441 | +€9,322 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,763 | -€441 | +€9,322 | +95.5% |
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 12 October 2026 via checked.be.