RUVER-INVEST: 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.
RUVER-INVEST
Largest movements
- Stocks and contracts +€785,963
up €785,963 (+60.1%), from €1.3m to €2.1m
- Financial fixed assets +€25,000
new in 2025: €25,000
- Short-term financial debts +€783,269
up €783,269 (+80.3%), from €975,706 to €1.8m
of which Credit institutions: +€696,519
- Trade debts +€106,436
up €106,436 (+249%), from €42,806 to €149,242
- Profit (loss) carried forward -€100,607
down €100,607 (-529%), from -€19,031 to -€119,638
- Accrued charges and deferred income +€25,613
new in 2025: €25,613
- Financial charges +€84,124
up €84,124 (+552%), from €15,229 to €99,353
- Gross operating margin +€2,823
up €2,823 (+82.6%), from -€3,417 to -€594
- Other operating charges +€171
up €171 (+44.5%), from €384 to €555
- Depreciation +€105
new in 2025: €105
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 | €1,312,235 | €2,146,371 | +€834,137 | +63.6% |
| Fixed assets | 21/28 | - | €28,075 | +€28,075 | |
| Tangible fixed assets | 22/27 | - | €3,075 | +€3,075 | |
| Plant, machinery and equipment | 23 | - | €3,075 | +€3,075 | |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €1,312,235 | €2,118,296 | +€806,062 | +61.4% |
| Stocks and contracts in progress | 3 | €1,308,623 | €2,094,587 | +€785,963 | +60.1% |
| Stocks | 30/36 | €1,308,623 | €2,094,587 | +€785,963 | +60.1% |
| Amounts receivable within one year | 40/41 | €3,611 | €21,283 | +€17,672 | +489% |
| Trade receivables | 40 | - | €13,300 | +€13,300 | |
| Other amounts receivable | 41 | €3,611 | €7,983 | +€4,372 | +121% |
| Cash at bank and in hand | 54/58 | - | €2,357 | +€2,357 | |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €1,312,235 | €2,146,371 | +€834,137 | +63.6% |
| Equity | 10/15 | €5,969 | -€94,638 | -€100,607 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,031 | -€119,638 | -€100,607 | -529% |
| Amounts payable | 17/49 | €1,306,265 | €2,241,009 | +€934,744 | +71.6% |
| Amounts payable within one year | 42/48 | €1,306,265 | €2,215,396 | +€909,131 | +69.6% |
| Financial debts | 43 | €975,706 | €1,758,975 | +€783,269 | +80.3% |
| Credit institutions | 430/8 | €975,706 | €1,672,225 | +€696,519 | +71.4% |
| Other loans | 439 | - | €86,750 | +€86,750 | |
| Trade debts | 44 | €42,806 | €149,242 | +€106,436 | +249% |
| Suppliers | 440/4 | €42,806 | €149,242 | +€106,436 | +249% |
| Other amounts payable | 47/48 | €287,753 | €307,179 | +€19,426 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €25,613 | +€25,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €105 | +€105 | |
| Other operating charges | 640/8 | €384 | €555 | +€171 | +44.5% |
| Gross operating margin | 9900 | -€3,417 | -€594 | +€2,823 | +82.6% |
| Operating profit (loss) | 9901 | -€3,802 | -€1,254 | +€2,547 | +67.0% |
| Financial charges | 65/66B | €15,229 | €99,353 | +€84,124 | +552% |
| Recurring financial charges | 65 | €15,229 | €99,353 | +€84,124 | +552% |
| Profit (loss) for the period before taxes | 9903 | -€19,031 | -€100,607 | -€81,577 | -429% |
| Profit (loss) for the period | 9904 | -€19,031 | -€100,607 | -€81,577 | -429% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,031 | -€100,607 | -€81,577 | -429% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.