Ruvakot: 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.
Ruvakot
Largest movements
- Tangible fixed assets -€123,378
down €123,378 (-4.7%), from €2.6m to €2.5m
of which Land and buildings: -€122,833
- Receivables within one year -€114,730
down €114,730 (-93.3%), from €122,963 to €8,233
of which Trade receivables: -€107,472
- Profit (loss) carried forward -€90,390
down €90,390 (-19.9%), from -€454,447 to -€544,836
- Other debts -€76,367
down €76,367 (-17.7%), from €432,464 to €356,097
- Debts after one year -€65,228
down €65,228 (-19.5%), from €335,164 to €269,936
of which Financial debts: -€48,228
- Gross operating margin -€129,889
down €129,889 (-67.9%), from €191,353 to €61,464
- Depreciation -€10,086
down €10,086 (-7.2%), from €140,097 to €130,011
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 | €2,742,071 | €2,505,058 | -€237,013 | -8.6% |
| Fixed assets | 21/28 | €2,613,979 | €2,490,601 | -€123,378 | -4.7% |
| Tangible fixed assets | 22/27 | €2,613,710 | €2,490,332 | -€123,378 | -4.7% |
| Land and buildings | 22 | €2,610,811 | €2,487,978 | -€122,833 | -4.7% |
| Plant, machinery and equipment | 23 | €583 | €38 | -€545 | -93.5% |
| Furniture and vehicles | 24 | €2,317 | €2,317 | = | 0.0% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €128,093 | €14,457 | -€113,635 | -88.7% |
| Amounts receivable within one year | 40/41 | €122,963 | €8,233 | -€114,730 | -93.3% |
| Trade receivables | 40 | €108,506 | €1,035 | -€107,472 | -99.0% |
| Other amounts receivable | 41 | €14,456 | €7,198 | -€7,258 | -50.2% |
| Cash at bank and in hand | 54/58 | €5,130 | €6,224 | +€1,094 | +21.3% |
| Total equity and liabilities | 10/49 | €2,742,071 | €2,505,058 | -€237,013 | -8.6% |
| Equity | 10/15 | €1,893,863 | €1,802,401 | -€91,462 | -4.8% |
| 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% |
| Revaluation surpluses | 12 | €2,260,561 | €2,260,561 | = | 0.0% |
| Reserves | 13 | €25,749 | €24,676 | -€1,072 | -4.2% |
| Non-distributable reserves | 130/1 | €8,111 | €8,111 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €1,911 | €1,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,442 | €15,370 | -€1,072 | -6.5% |
| Distributable reserves | 133 | €1,195 | €1,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,447 | -€544,836 | -€90,390 | -19.9% |
| Provisions and deferred taxes | 16 | €8,470 | €7,918 | -€552 | -6.5% |
| Deferred taxes | 168 | €8,470 | €7,918 | -€552 | -6.5% |
| Amounts payable | 17/49 | €839,738 | €694,739 | -€144,999 | -17.3% |
| Amounts payable after more than one year | 17 | €335,164 | €269,936 | -€65,228 | -19.5% |
| Financial debts | 170/4 | €235,164 | €186,936 | -€48,228 | -20.5% |
| Other amounts payable | 178/9 | €100,000 | €83,000 | -€17,000 | -17.0% |
| Amounts payable within one year | 42/48 | €504,574 | €424,803 | -€79,771 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €57,356 | €51,180 | -€6,175 | -10.8% |
| Trade debts | 44 | €14,754 | €17,525 | +€2,771 | +18.8% |
| Suppliers | 440/4 | €14,754 | €17,525 | +€2,771 | +18.8% |
| Other amounts payable | 47/48 | €432,464 | €356,097 | -€76,367 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,097 | €130,011 | -€10,086 | -7.2% |
| Other operating charges | 640/8 | €14,823 | €15,335 | +€511 | +3.4% |
| Gross operating margin | 9900 | €191,353 | €61,464 | -€129,889 | -67.9% |
| Operating profit (loss) | 9901 | €36,433 | -€83,882 | -€120,315 | |
| Financial income | 75/76B | €733 | €882 | +€148 | +20.2% |
| Recurring financial income | 75 | €733 | €882 | +€148 | +20.2% |
| Financial charges | 65/66B | €9,438 | €9,014 | -€424 | -4.5% |
| Recurring financial charges | 65 | €9,438 | €9,014 | -€424 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €27,728 | -€92,014 | -€119,743 | |
| Transfer from deferred taxes | 780 | €552 | €552 | = | 0.0% |
| Profit (loss) for the period | 9904 | €28,281 | -€91,462 | -€119,743 | |
| Transfer from tax-exempt reserves | 789 | €1,072 | €1,072 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,353 | -€90,390 | -€119,743 |
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 3 October 2026 via checked.be.