RUVECK: 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.
RUVECK
Largest movements
- Stocks and contracts +€42,254
up €42,254 (+3.6%), from €1.2m to €1.2m
- Receivables within one year +€30,000
up €30,000 (+323%), from €9,279 to €39,279
- Cash -€25,508
down €25,508 (-77.2%), from €33,040 to €7,532
mainly Current portion of long-term debt (-€900,000) and Stocks and contracts (-€42,254)
- Current portion of long-term debt -€900,000
no longer reported in 2025 (was €900,000)
- Debts after one year +€800,000
new in 2025: €800,000
- Other debts +€144,613
up €144,613 (+56.2%), from €257,125 to €401,738
- Gross operating margin +€1,391
up €1,391 (+16.8%), from €8,259 to €9,650
- Depreciation +€1,038
up €1,038 (+45.1%), from €2,300 to €3,338
- Taxes +€320
up €320 (+28.3%), from €1,133 to €1,453
- Financial income -€104
no longer reported in 2025 (was €104)
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 | €1,229,822 | €1,274,594 | +€44,772 | +3.6% |
| Fixed assets | 21/28 | €13,403 | €11,429 | -€1,974 | -14.7% |
| Tangible fixed assets | 22/27 | €13,403 | €11,429 | -€1,974 | -14.7% |
| Furniture and vehicles | 24 | €13,403 | €11,429 | -€1,974 | -14.7% |
| Current assets | 29/58 | €1,216,419 | €1,263,165 | +€46,746 | +3.8% |
| Stocks and contracts in progress | 3 | €1,174,100 | €1,216,354 | +€42,254 | +3.6% |
| Stocks | 30/36 | €1,174,100 | €1,216,354 | +€42,254 | +3.6% |
| Amounts receivable within one year | 40/41 | €9,279 | €39,279 | +€30,000 | +323% |
| Trade receivables | 40 | €9,279 | €39,279 | +€30,000 | +323% |
| Cash at bank and in hand | 54/58 | €33,040 | €7,532 | -€25,508 | -77.2% |
| Total equity and liabilities | 10/49 | €1,229,822 | €1,274,594 | +€44,772 | +3.6% |
| Equity | 10/15 | €57,506 | €59,640 | +€2,134 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,906 | €41,040 | +€2,134 | +5.5% |
| Distributable reserves | 133 | €38,906 | €41,040 | +€2,134 | +5.5% |
| Amounts payable | 17/49 | €1,172,316 | €1,214,954 | +€42,638 | +3.6% |
| Amounts payable after more than one year | 17 | - | €800,000 | +€800,000 | |
| Financial debts | 170/4 | - | €800,000 | +€800,000 | |
| Amounts payable within one year | 42/48 | €1,169,043 | €412,750 | -€756,293 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €900,000 | - | -€900,000 | |
| Trade debts | 44 | €7,500 | €7,827 | +€327 | +4.4% |
| Suppliers | 440/4 | €7,500 | €7,827 | +€327 | +4.4% |
| Taxes, remuneration and social security | 45 | €4,418 | €3,185 | -€1,233 | -27.9% |
| Taxes | 450/3 | €4,418 | €3,185 | -€1,233 | -27.9% |
| Other amounts payable | 47/48 | €257,125 | €401,738 | +€144,613 | +56.2% |
| Accrued charges and deferred income | 492/3 | €3,273 | €2,204 | -€1,069 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €3,338 | +€1,038 | +45.1% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €8,259 | €9,650 | +€1,391 | +16.8% |
| Operating profit (loss) | 9901 | €5,897 | €6,250 | +€353 | +6.0% |
| Financial income | 75/76B | €104 | - | -€104 | |
| Recurring financial income | 75 | €104 | - | -€104 | |
| Financial charges | 65/66B | €804 | €862 | +€59 | +7.3% |
| Recurring financial charges | 65 | €804 | €862 | +€59 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €5,198 | €5,387 | +€190 | +3.7% |
| Income taxes | 67/77 | €1,133 | €1,453 | +€320 | +28.3% |
| Profit (loss) for the period | 9904 | €4,065 | €3,934 | -€130 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,065 | €3,934 | -€130 | -3.2% |
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 13 October 2026 via checked.be.