RUVERBA: 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.
RUVERBA
Largest movements
- Stocks and contracts -€786,677
down €786,677 (-89.9%), from €875,277 to €88,600
- Receivables within one year +€189,738
up €189,738 (+82.9%), from €228,923 to €418,661
of which Other amounts receivable: +€123,000
- Tangible fixed assets -€124,560
down €124,560 (-4.1%), from €3.1m to €2.9m
of which Land and buildings: -€121,033
- Cash -€46,483
down €46,483 (-82.8%), from €56,159 to €9,675
mainly Short-term financial debts (-€577,440) and Accrued charges and deferred income (-€207,942)
- Short-term financial debts -€577,440
down €577,440 (-43.5%), from €1.3m to €750,000
- Accrued charges and deferred income -€207,942
down €207,942 (-96.9%), from €214,543 to €6,601
- Other debts -€138,716
down €138,716 (-46.5%), from €298,228 to €159,511
- Debts after one year +€100,733
up €100,733 (+6.8%), from €1.5m to €1.6m
- Gross operating margin -€207,579
down €207,579 (-36.3%), from €571,174 to €363,594
- Taxes -€98,781
down €98,781 (-99.7%), from €99,101 to €320
- Other operating charges -€91,065
down €91,065 (-96.2%), from €94,690 to €3,625
- Financial charges -€10,415
down €10,415 (-8.1%), from €128,503 to €118,088
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 | €4,295,818 | €3,501,393 | -€794,425 | -18.5% |
| Fixed assets | 21/28 | €3,089,623 | €2,952,564 | -€137,060 | -4.4% |
| Tangible fixed assets | 22/27 | €3,064,623 | €2,940,064 | -€124,560 | -4.1% |
| Land and buildings | 22 | €3,047,748 | €2,926,715 | -€121,033 | -4.0% |
| Plant, machinery and equipment | 23 | €9,227 | €3,395 | -€5,832 | -63.2% |
| Furniture and vehicles | 24 | €7,648 | €9,953 | +€2,305 | +30.1% |
| Financial fixed assets | 28 | €25,000 | €12,500 | -€12,500 | -50.0% |
| Current assets | 29/58 | €1,206,195 | €548,829 | -€657,365 | -54.5% |
| Stocks and contracts in progress | 3 | €875,277 | €88,600 | -€786,677 | -89.9% |
| Stocks | 30/36 | €875,277 | €88,600 | -€786,677 | -89.9% |
| Amounts receivable within one year | 40/41 | €228,923 | €418,661 | +€189,738 | +82.9% |
| Trade receivables | 40 | €81,245 | €147,983 | +€66,738 | +82.1% |
| Other amounts receivable | 41 | €147,679 | €270,679 | +€123,000 | +83.3% |
| Current investments | 50/53 | €29,279 | €18,838 | -€10,441 | -35.7% |
| Cash at bank and in hand | 54/58 | €56,159 | €9,675 | -€46,483 | -82.8% |
| Deferred charges and accrued income | 490/1 | €16,557 | €13,055 | -€3,502 | -21.2% |
| Total equity and liabilities | 10/49 | €4,295,818 | €3,501,393 | -€794,425 | -18.5% |
| Equity | 10/15 | €786,246 | €812,939 | +€26,693 | +3.4% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €567,646 | €594,339 | +€26,693 | +4.7% |
| Distributable reserves | 133 | €567,646 | €594,339 | +€26,693 | +4.7% |
| Amounts payable | 17/49 | €3,509,571 | €2,688,454 | -€821,118 | -23.4% |
| Amounts payable after more than one year | 17 | €1,481,301 | €1,582,033 | +€100,733 | +6.8% |
| Financial debts | 170/4 | €1,481,301 | €1,582,033 | +€100,733 | +6.8% |
| Amounts payable within one year | 42/48 | €1,813,728 | €1,099,820 | -€713,908 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €119,794 | €114,070 | -€5,723 | -4.8% |
| Financial debts | 43 | €1,327,440 | €750,000 | -€577,440 | -43.5% |
| Credit institutions | 430/8 | €1,327,440 | €750,000 | -€577,440 | -43.5% |
| Trade debts | 44 | €51,532 | €64,824 | +€13,292 | +25.8% |
| Suppliers | 440/4 | €51,532 | €64,824 | +€13,292 | +25.8% |
| Taxes, remuneration and social security | 45 | €16,734 | €11,414 | -€5,320 | -31.8% |
| Taxes | 450/3 | €7,260 | €1,581 | -€5,679 | -78.2% |
| Remuneration and social security | 454/9 | €9,474 | €9,833 | +€359 | +3.8% |
| Other amounts payable | 47/48 | €298,228 | €159,511 | -€138,716 | -46.5% |
| Accrued charges and deferred income | 492/3 | €214,543 | €6,601 | -€207,942 | -96.9% |
| Remuneration, social security and pensions | 62 | €64,206 | €66,623 | +€2,418 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,751 | €131,127 | +€376 | +0.3% |
| Other operating charges | 640/8 | €94,690 | €3,625 | -€91,065 | -96.2% |
| Non-recurring operating charges | 66A | €10,200 | €22,500 | +€12,300 | +121% |
| Gross operating margin | 9900 | €571,174 | €363,594 | -€207,579 | -36.3% |
| Operating profit (loss) | 9901 | €271,327 | €139,719 | -€131,609 | -48.5% |
| Financial income | 75/76B | €5,660 | €5,383 | -€277 | -4.9% |
| Recurring financial income | 75 | €5,660 | €5,383 | -€277 | -4.9% |
| Financial charges | 65/66B | €128,503 | €118,088 | -€10,415 | -8.1% |
| Recurring financial charges | 65 | €128,503 | €118,088 | -€10,415 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €148,485 | €27,013 | -€121,472 | -81.8% |
| Income taxes | 67/77 | €99,101 | €320 | -€98,781 | -99.7% |
| Profit (loss) for the period | 9904 | €49,384 | €26,693 | -€22,691 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,384 | €26,693 | -€22,691 | -45.9% |
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.