Ruvala: 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.
Ruvala
Largest movements
- Tangible fixed assets +€367,191
up €367,191 (+186.4%), from €196,982 to €564,172
of which Land and buildings: +€361,617
- Cash +€39,959
up €39,959 (+96.1%), from €41,600 to €81,559
mainly Debts after one year (+€294,208) and Depreciation (+€64,625)
- Receivables within one year -€27,159
no longer reported in 2025 (was €27,159)
of which Other amounts receivable: -€17,425
- Debts after one year +€294,208
up €294,208 (+224.1%), from €131,307 to €425,515
- Reserves +€56,635
up €56,635 (+85.6%), from €66,197 to €122,832
of which Tax-exempt reserves: +€28,327
- Revaluation surpluses -€24,520
no longer reported in 2025 (was €24,520)
- Other debts +€22,366
up €22,366 (+1089.7%), from €2,052 to €24,418
- Current portion of long-term debt +€19,474
up €19,474 (+139.0%), from €14,008 to €33,482
- Turnover +€305,363
new in 2025: €305,363
- Purchases and services +€182,242
new in 2025: €182,242
- Gross operating margin +€108,910
up €108,910 (+201.8%), from €53,968 to €162,878
- Depreciation +€44,111
up €44,111 (+215.0%), from €20,514 to €64,625
- Financial charges +€12,419
up €12,419 (+246.7%), from €5,034 to €17,453
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 | €274,196 | €651,062 | +€376,867 | +137.4% |
| Fixed assets | 21/28 | €203,827 | €567,892 | +€364,066 | +178.6% |
| Intangible fixed assets | 21 | €6,845 | €3,720 | -€3,125 | -45.7% |
| Tangible fixed assets | 22/27 | €196,982 | €564,172 | +€367,191 | +186.4% |
| Land and buildings | 22 | €181,263 | €542,880 | +€361,617 | +199.5% |
| Plant, machinery and equipment | 23 | €15,491 | €21,292 | +€5,801 | +37.5% |
| Furniture and vehicles | 24 | €228 | - | -€228 | |
| Current assets | 29/58 | €70,369 | €83,170 | +€12,801 | +18.2% |
| Amounts receivable within one year | 40/41 | €27,159 | - | -€27,159 | |
| Trade receivables | 40 | €9,733 | - | -€9,733 | |
| Other amounts receivable | 41 | €17,425 | - | -€17,425 | |
| Cash at bank and in hand | 54/58 | €41,600 | €81,559 | +€39,959 | +96.1% |
| Deferred charges and accrued income | 490/1 | €1,611 | €1,611 | = | 0.0% |
| Total equity and liabilities | 10/49 | €274,196 | €651,062 | +€376,867 | +137.4% |
| Equity | 10/15 | €120,717 | €152,832 | +€32,116 | +26.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €24,520 | - | -€24,520 | |
| Reserves | 13 | €66,197 | €122,832 | +€56,635 | +85.6% |
| Tax-exempt reserves | 132 | - | €28,327 | +€28,327 | |
| Distributable reserves | 133 | €66,197 | €94,506 | +€28,308 | +42.8% |
| Provisions and deferred taxes | 16 | - | €9,442 | +€9,442 | |
| Deferred taxes | 168 | - | €9,442 | +€9,442 | |
| Amounts payable | 17/49 | €153,479 | €488,788 | +€335,309 | +218.5% |
| Amounts payable after more than one year | 17 | €131,307 | €425,515 | +€294,208 | +224.1% |
| Financial debts | 170/4 | €131,307 | €425,515 | +€294,208 | +224.1% |
| Amounts payable within one year | 42/48 | €22,172 | €63,273 | +€41,101 | +185.4% |
| Current portion of amounts payable after more than one year | 42 | €14,008 | €33,482 | +€19,474 | +139.0% |
| Trade debts | 44 | €412 | €1,283 | +€871 | +211.6% |
| Suppliers | 440/4 | €412 | €1,283 | +€871 | +211.6% |
| Taxes, remuneration and social security | 45 | €5,700 | €4,090 | -€1,610 | -28.3% |
| Taxes | 450/3 | €5,700 | €4,090 | -€1,610 | -28.3% |
| Other amounts payable | 47/48 | €2,052 | €24,418 | +€22,366 | +1089.7% |
| Turnover | 70 | - | €305,363 | +€305,363 | |
| Non-recurring operating income | 76A | - | €39,757 | +€39,757 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €182,242 | +€182,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,514 | €64,625 | +€44,111 | +215.0% |
| Other operating charges | 640/8 | €1,306 | €3,292 | +€1,986 | +152.0% |
| Gross operating margin | 9900 | €53,968 | €162,878 | +€108,910 | +201.8% |
| Operating profit (loss) | 9901 | €32,148 | €94,961 | +€62,813 | +195.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,034 | €17,453 | +€12,419 | +246.7% |
| Recurring financial charges | 65 | €5,034 | €17,453 | +€12,419 | +246.7% |
| Profit (loss) for the period before taxes | 9903 | €27,114 | €77,509 | +€50,394 | +185.9% |
| Transfer from deferred taxes | 780 | - | €497 | +€497 | |
| Transfer to deferred taxes | 680 | - | €9,939 | +€9,939 | |
| Income taxes | 67/77 | €7,708 | €9,765 | +€2,057 | +26.7% |
| Profit (loss) for the period | 9904 | €19,406 | €58,301 | +€38,895 | +200.4% |
| Transfer from tax-exempt reserves | 789 | - | €1,491 | +€1,491 | |
| Transfer to tax-exempt reserves | 689 | - | €29,817 | +€29,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,406 | €29,974 | +€10,569 | +54.5% |
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 1 October 2026 via checked.be.