RUVABO: 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.
RUVABO
Largest movements
- Receivables within one year +€26,680
up €26,680 (+123%), from €21,764 to €48,444
of which Trade receivables: +€22,175
- Cash +€9,647
up €9,647 (+47.5%), from €20,330 to €29,977
mainly Trade debts (+€38,233) and Tax, wage and social debts (+€9,945)
- Deferred charges and accrued income -€3,752
down €3,752 (-76.4%), from €4,911 to €1,159
- Trade debts +€38,233
up €38,233 (+1,732%), from €2,208 to €40,441
- Advances received -€18,998
no longer reported in 2025 (was €18,998)
- Tax, wage and social debts +€9,945
up €9,945 (+145%), from €6,851 to €16,796
- Profit (loss) carried forward +€2,738
up €2,738 (+18.9%), from €14,485 to €17,223
- Gross operating margin +€2,329
up €2,329 (+32.7%), from €7,128 to €9,457
- Taxes +€1,033
up €1,033 (+40.3%), from €2,562 to €3,596
- Financial charges -€385
down €385 (-20.8%), from €1,850 to €1,465
- Other operating charges +€314
up €314 (+24.9%), from €1,259 to €1,573
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 | €48,572 | €80,460 | +€31,889 | +65.7% |
| Fixed assets | 21/28 | €1,567 | €880 | -€687 | -43.8% |
| Intangible fixed assets | 21 | €1,485 | €860 | -€625 | -42.1% |
| Tangible fixed assets | 22/27 | €82 | €20 | -€62 | -75.6% |
| Plant, machinery and equipment | 23 | €82 | €20 | -€62 | -75.6% |
| Current assets | 29/58 | €47,005 | €79,580 | +€32,575 | +69.3% |
| Amounts receivable within one year | 40/41 | €21,764 | €48,444 | +€26,680 | +123% |
| Trade receivables | 40 | €17,513 | €39,688 | +€22,175 | +127% |
| Other amounts receivable | 41 | €4,251 | €8,755 | +€4,505 | +106% |
| Cash at bank and in hand | 54/58 | €20,330 | €29,977 | +€9,647 | +47.5% |
| Deferred charges and accrued income | 490/1 | €4,911 | €1,159 | -€3,752 | -76.4% |
| Total equity and liabilities | 10/49 | €48,572 | €80,460 | +€31,889 | +65.7% |
| Equity | 10/15 | €20,485 | €23,223 | +€2,738 | +13.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,485 | €17,223 | +€2,738 | +18.9% |
| Amounts payable | 17/49 | €28,087 | €57,237 | +€29,150 | +104% |
| Amounts payable within one year | 42/48 | €28,057 | €57,237 | +€29,180 | +104% |
| Trade debts | 44 | €2,208 | €40,441 | +€38,233 | +1,732% |
| Suppliers | 440/4 | €2,208 | €40,441 | +€38,233 | +1,732% |
| Advances received on contracts in progress | 46 | €18,998 | - | -€18,998 | |
| Taxes, remuneration and social security | 45 | €6,851 | €16,796 | +€9,945 | +145% |
| Taxes | 450/3 | €6,851 | €16,796 | +€9,945 | +145% |
| Accrued charges and deferred income | 492/3 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €687 | = | 0.0% |
| Other operating charges | 640/8 | €1,259 | €1,573 | +€314 | +24.9% |
| Gross operating margin | 9900 | €7,128 | €9,457 | +€2,329 | +32.7% |
| Operating profit (loss) | 9901 | €5,182 | €7,197 | +€2,015 | +38.9% |
| Financial income | 75/76B | €591 | €602 | +€10 | +1.8% |
| Recurring financial income | 75 | €591 | €602 | +€10 | +1.8% |
| Financial charges | 65/66B | €1,850 | €1,465 | -€385 | -20.8% |
| Recurring financial charges | 65 | €1,850 | €1,465 | -€385 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €3,924 | €6,334 | +€2,410 | +61.4% |
| Income taxes | 67/77 | €2,562 | €3,596 | +€1,033 | +40.3% |
| Profit (loss) for the period | 9904 | €1,361 | €2,738 | +€1,377 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361 | €2,738 | +€1,377 | +101% |
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 20 October 2026 via checked.be.