RUWELEC: 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.
RUWELEC
Largest movements
- Tangible fixed assets +€32,736
up €32,736 (+25.2%), from €130,014 to €162,750
of which Furniture and vehicles: +€40,806
- Cash +€22,153
up €22,153 (+11.7%), from €189,549 to €211,702
mainly Net result for the year (+€93,630) and Trade debts (+€28,686)
- Receivables within one year +€17,817
up €17,817 (+10.0%), from €178,470 to €196,288
of which Trade receivables: +€64,985
- Deferred charges and accrued income +€16,546
up €16,546 (+918.7%), from €1,801 to €18,347
- Stocks and contracts -€7,855
down €7,855 (-22.3%), from €35,168 to €27,314
- Reserves +€46,659
up €46,659 (+13.4%), from €347,208 to €393,867
- Trade debts +€28,686
up €28,686 (+68.3%), from €41,995 to €70,681
- Current portion of long-term debt -€14,875
down €14,875 (-34.5%), from €43,156 to €28,281
- Debts after one year +€13,830
up €13,830 (+35.0%), from €39,553 to €53,382
- Financial income +€6,735
up €6,735 (+258.6%), from €2,605 to €9,340
- Gross operating margin +€4,920
up €4,920 (+2.3%), from €214,554 to €219,474
- Taxes +€3,211
up €3,211 (+9.4%), from €34,004 to €37,214
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,372 | €657,604 | +€81,232 | +14.1% |
| Fixed assets | 21/28 | €131,383 | €163,953 | +€32,570 | +24.8% |
| Intangible fixed assets | 21 | €633 | €467 | -€166 | -26.2% |
| Tangible fixed assets | 22/27 | €130,014 | €162,750 | +€32,736 | +25.2% |
| Land and buildings | 22 | €101,713 | €90,592 | -€11,121 | -10.9% |
| Plant, machinery and equipment | 23 | €16,056 | €19,107 | +€3,051 | +19.0% |
| Furniture and vehicles | 24 | €12,244 | €53,051 | +€40,806 | +333.3% |
| Financial fixed assets | 28 | €737 | €737 | = | 0.0% |
| Current assets | 29/58 | €444,989 | €493,651 | +€48,662 | +10.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €35,168 | €27,314 | -€7,855 | -22.3% |
| Stocks | 30/36 | €35,168 | €27,314 | -€7,855 | -22.3% |
| Amounts receivable within one year | 40/41 | €178,470 | €196,288 | +€17,817 | +10.0% |
| Trade receivables | 40 | €126,705 | €191,691 | +€64,985 | +51.3% |
| Other amounts receivable | 41 | €51,765 | €4,597 | -€47,168 | -91.1% |
| Cash at bank and in hand | 54/58 | €189,549 | €211,702 | +€22,153 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,801 | €18,347 | +€16,546 | +918.7% |
| Total equity and liabilities | 10/49 | €576,372 | €657,604 | +€81,232 | +14.1% |
| Equity | 10/15 | €419,869 | €465,442 | +€45,573 | +10.9% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €347,208 | €393,867 | +€46,659 | +13.4% |
| Distributable reserves | 133 | €347,208 | €393,867 | +€46,659 | +13.4% |
| Profit (loss) carried forward | 14 | €10,257 | €10,257 | = | 0.0% |
| Investment grants | 15 | €6,628 | €5,542 | -€1,087 | -16.4% |
| Provisions and deferred taxes | 16 | €2,102 | €2,102 | = | 0.0% |
| Deferred taxes | 168 | €2,102 | €2,102 | = | 0.0% |
| Amounts payable | 17/49 | €154,401 | €190,060 | +€35,659 | +23.1% |
| Amounts payable after more than one year | 17 | €39,553 | €53,382 | +€13,830 | +35.0% |
| Financial debts | 170/4 | €39,553 | €53,382 | +€13,830 | +35.0% |
| Amounts payable within one year | 42/48 | €112,674 | €136,677 | +€24,003 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €43,156 | €28,281 | -€14,875 | -34.5% |
| Trade debts | 44 | €41,995 | €70,681 | +€28,686 | +68.3% |
| Suppliers | 440/4 | €41,995 | €70,681 | +€28,686 | +68.3% |
| Taxes, remuneration and social security | 45 | €27,524 | €33,706 | +€6,182 | +22.5% |
| Taxes | 450/3 | €23,715 | €28,787 | +€5,072 | +21.4% |
| Remuneration and social security | 454/9 | €3,809 | €4,919 | +€1,110 | +29.2% |
| Other amounts payable | 47/48 | - | €4,010 | +€4,010 | |
| Accrued charges and deferred income | 492/3 | €2,174 | - | -€2,174 | |
| Remuneration, social security and pensions | 62 | €62,969 | €62,075 | -€893 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,028 | €24,190 | -€838 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,225 | €712 | +€1,937 | |
| Other operating charges | 640/8 | €7,788 | €8,373 | +€585 | +7.5% |
| Gross operating margin | 9900 | €214,554 | €219,474 | +€4,920 | +2.3% |
| Operating profit (loss) | 9901 | €119,994 | €124,123 | +€4,129 | +3.4% |
| Financial income | 75/76B | €2,605 | €9,340 | +€6,735 | +258.6% |
| Recurring financial income | 75 | €2,605 | €9,340 | +€6,735 | +258.6% |
| Financial charges | 65/66B | €4,159 | €2,619 | -€1,540 | -37.0% |
| Recurring financial charges | 65 | €4,159 | €2,619 | -€1,540 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €118,440 | €130,844 | +€12,404 | +10.5% |
| Income taxes | 67/77 | €34,004 | €37,214 | +€3,211 | +9.4% |
| Profit (loss) for the period | 9904 | €84,436 | €93,630 | +€9,193 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,436 | €93,630 | +€9,193 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.