RUVADOR: what changed
RUVADOR
Largest movements
- Stocks and contracts -€356,642
down €356,642 (-42.4%), from €841,885 to €485,243
- Cash -€14,723
down €14,723 (-73.0%), from €20,172 to €5,449
mainly Debts after one year (-€354,244) and Current portion of long-term debt (-€140,000)
- Receivables within one year +€10,458
up €10,458 (+30,623%), from €34 to €10,492
of which Trade receivables: +€10,458
- Debts after one year -€354,244
down €354,244 (-88.7%), from €399,244 to €45,000
- Current portion of long-term debt -€140,000
down €140,000 (-40.0%), from €350,000 to €210,000
- Profit (loss) carried forward +€103,552
up €103,552 (+46.2%), from -€224,189 to -€120,637
- Other debts +€66,952
up €66,952 (+35.0%), from €191,426 to €258,378
- Accrued charges and deferred income -€28,813
down €28,813 (-98.6%), from €29,227 to €414
- Gross operating margin +€178,272
up €178,272, from -€61,727 to €116,545
- Taxes -€39,145
down €39,145, from €36,700 to -€2,445
- Financial charges -€24,951
down €24,951 (-66.6%), from €37,483 to €12,532
- Other operating charges -€2,913
down €2,913 (-84.6%), from €3,444 to €531
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €866,839 | €504,326 | -€362,513 | -41.8% |
| Fixed assets | 21/28 | €4,748 | €2,372 | -€2,376 | -50.0% |
| Tangible fixed assets | 22/27 | €4,748 | €2,372 | -€2,376 | -50.0% |
| Plant, machinery and equipment | 23 | €3,327 | €1,661 | -€1,665 | -50.1% |
| Furniture and vehicles | 24 | €1,422 | €711 | -€711 | -50.0% |
| Current assets | 29/58 | €862,091 | €501,954 | -€360,137 | -41.8% |
| Stocks and contracts in progress | 3 | €841,885 | €485,243 | -€356,642 | -42.4% |
| Stocks | 30/36 | €841,885 | €485,243 | -€356,642 | -42.4% |
| Amounts receivable within one year | 40/41 | €34 | €10,492 | +€10,458 | +30,623% |
| Trade receivables | 40 | - | €10,458 | +€10,458 | |
| Other amounts receivable | 41 | €34 | €34 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,172 | €5,449 | -€14,723 | -73.0% |
| Deferred charges and accrued income | 490/1 | - | €771 | +€771 | |
| Total equity and liabilities | 10/49 | €866,839 | €504,326 | -€362,513 | -41.8% |
| Equity | 10/15 | -€120,128 | -€16,576 | +€103,552 | +86.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,461 | €85,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €83,601 | €83,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,189 | -€120,637 | +€103,552 | +46.2% |
| Amounts payable | 17/49 | €986,967 | €520,903 | -€466,064 | -47.2% |
| Amounts payable after more than one year | 17 | €399,244 | €45,000 | -€354,244 | -88.7% |
| Financial debts | 170/4 | €399,244 | €45,000 | -€354,244 | -88.7% |
| Amounts payable within one year | 42/48 | €558,496 | €475,488 | -€83,007 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €350,000 | €210,000 | -€140,000 | -40.0% |
| Trade debts | 44 | €17,070 | €7,110 | -€9,959 | -58.3% |
| Suppliers | 440/4 | €17,070 | €7,110 | -€9,959 | -58.3% |
| Other amounts payable | 47/48 | €191,426 | €258,378 | +€66,952 | +35.0% |
| Accrued charges and deferred income | 492/3 | €29,227 | €414 | -€28,813 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,376 | €2,376 | = | 0.0% |
| Other operating charges | 640/8 | €3,444 | €531 | -€2,913 | -84.6% |
| Gross operating margin | 9900 | -€61,727 | €116,545 | +€178,272 | |
| Operating profit (loss) | 9901 | -€67,547 | €113,638 | +€181,185 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,588% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,588% |
| Financial charges | 65/66B | €37,483 | €12,532 | -€24,951 | -66.6% |
| Recurring financial charges | 65 | €37,483 | €12,532 | -€24,951 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€105,030 | €101,107 | +€206,137 | |
| Income taxes | 67/77 | €36,700 | -€2,445 | -€39,145 | |
| Profit (loss) for the period | 9904 | -€141,730 | €103,552 | +€245,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€141,730 | €103,552 | +€245,282 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.