Ruvabo: 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.
Ruvabo
Largest movements
- Cash +€48,133
up €48,133 (+159.1%), from €30,259 to €78,392
mainly Net result for the year (+€47,005) and Depreciation (+€28,696)
- Tangible fixed assets -€24,604
down €24,604 (-5.5%), from €443,858 to €419,254
of which Land and buildings: -€16,626
- Receivables within one year -€7,478
no longer reported in 2025 (was €7,478)
- Profit (loss) carried forward +€47,005
up €47,005 (+81.2%), from -€57,906 to -€10,902
- Other debts -€15,052
down €15,052 (-8.9%), from €168,696 to €153,644
- Current portion of long-term debt -€9,419
no longer reported in 2025 (was €9,419)
- Other operating charges -€13,829
down €13,829 (-96.7%), from €14,298 to €469
- Gross operating margin +€5,768
up €5,768 (+7.0%), from €82,523 to €88,291
- Financial charges -€2,634
down €2,634 (-18.0%), from €14,611 to €11,977
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 | €693,470 | €709,521 | +€16,051 | +2.3% |
| Fixed assets | 21/28 | €444,068 | €419,464 | -€24,604 | -5.5% |
| Tangible fixed assets | 22/27 | €443,858 | €419,254 | -€24,604 | -5.5% |
| Land and buildings | 22 | €418,804 | €402,178 | -€16,626 | -4.0% |
| Plant, machinery and equipment | 23 | €4,180 | €3,185 | -€995 | -23.8% |
| Furniture and vehicles | 24 | €20,875 | €13,891 | -€6,984 | -33.5% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €249,402 | €290,057 | +€40,655 | +16.3% |
| Amounts receivable within one year | 40/41 | €7,478 | - | -€7,478 | |
| Trade receivables | 40 | €7,478 | - | -€7,478 | |
| Current investments | 50/53 | €211,665 | €211,665 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,259 | €78,392 | +€48,133 | +159.1% |
| Total equity and liabilities | 10/49 | €693,470 | €709,521 | +€16,051 | +2.3% |
| Equity | 10/15 | €494,024 | €541,029 | +€47,005 | +9.5% |
| Contributions | 10/11 | €466,973 | €466,973 | = | 0.0% |
| Capital | 10 | €466,973 | €466,973 | = | 0.0% |
| Issued capital | 100 | €466,973 | €466,973 | = | 0.0% |
| Revaluation surpluses | 12 | €4,527 | €4,527 | = | 0.0% |
| Reserves | 13 | €80,430 | €80,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,697 | €46,697 | = | 0.0% |
| Legal reserve | 130 | €46,697 | €46,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,952 | €1,952 | = | 0.0% |
| Distributable reserves | 133 | €31,780 | €31,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,906 | -€10,902 | +€47,005 | +81.2% |
| Amounts payable | 17/49 | €199,446 | €168,492 | -€30,954 | -15.5% |
| Amounts payable after more than one year | 17 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,022 | €155,081 | -€24,941 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €9,419 | - | -€9,419 | |
| Trade debts | 44 | €1,741 | €1,269 | -€472 | -27.1% |
| Suppliers | 440/4 | €1,741 | €1,269 | -€472 | -27.1% |
| Taxes, remuneration and social security | 45 | €167 | €169 | +€2 | +1.1% |
| Taxes | 450/3 | €167 | €169 | +€2 | +1.1% |
| Other amounts payable | 47/48 | €168,696 | €153,644 | -€15,052 | -8.9% |
| Accrued charges and deferred income | 492/3 | €17,424 | €11,411 | -€6,013 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,133 | €28,696 | -€436 | -1.5% |
| Other operating charges | 640/8 | €14,298 | €469 | -€13,829 | -96.7% |
| Gross operating margin | 9900 | €82,523 | €88,291 | +€5,768 | +7.0% |
| Operating profit (loss) | 9901 | €39,093 | €59,126 | +€20,034 | +51.2% |
| Financial income | 75/76B | €31 | €31 | -€0 | -0.5% |
| Recurring financial income | 75 | €31 | €31 | -€0 | -0.5% |
| Financial charges | 65/66B | €14,611 | €11,977 | -€2,634 | -18.0% |
| Recurring financial charges | 65 | €14,611 | €11,977 | -€2,634 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €24,513 | €47,180 | +€22,667 | +92.5% |
| Income taxes | 67/77 | €176 | €175 | -€1 | -0.3% |
| Profit (loss) for the period | 9904 | €24,337 | €47,005 | +€22,668 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,337 | €47,005 | +€22,668 | +93.1% |
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 29 September 2026 via checked.be.