RUWET: 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.
RUWET
Largest movements
- Tangible fixed assets -€46,260
down €46,260 (-30.1%), from €153,873 to €107,612
of which Plant, machinery and equipment: -€43,938
- Cash +€16,609
up €16,609 (+655%), from €2,537 to €19,147
mainly Depreciation (+€46,260) and Other debts (+€27,200)
- Stocks and contracts +€9,252
up €9,252 (+15.7%), from €58,813 to €68,065
- Receivables within one year -€7,411
down €7,411 (-57.1%), from €12,982 to €5,571
of which Other amounts receivable: -€4,303
- Profit (loss) carried forward -€33,352
down €33,352 (-17.2%), from -€193,394 to -€226,745
- Other debts +€27,200
up €27,200 (+6.9%), from €392,025 to €419,225
- Trade debts -€21,404
down €21,404 (-97.9%), from €21,872 to €468
- Depreciation -€4,938
down €4,938 (-9.6%), from €51,199 to €46,260
- Gross operating margin +€2,424
up €2,424 (+20.6%), from €11,787 to €14,211
- Other operating charges -€1,893
down €1,893 (-60.7%), from €3,120 to €1,227
- Financial charges +€268
up €268 (+771%), from €35 to €303
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 | €230,016 | €202,232 | -€27,784 | -12.1% |
| Fixed assets | 21/28 | €155,273 | €109,012 | -€46,260 | -29.8% |
| Tangible fixed assets | 22/27 | €153,873 | €107,612 | -€46,260 | -30.1% |
| Plant, machinery and equipment | 23 | €147,196 | €103,258 | -€43,938 | -29.8% |
| Furniture and vehicles | 24 | €6,677 | €4,354 | -€2,323 | -34.8% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €74,744 | €93,220 | +€18,477 | +24.7% |
| Stocks and contracts in progress | 3 | €58,813 | €68,065 | +€9,252 | +15.7% |
| Stocks | 30/36 | €58,813 | €68,065 | +€9,252 | +15.7% |
| Amounts receivable within one year | 40/41 | €12,982 | €5,571 | -€7,411 | -57.1% |
| Trade receivables | 40 | €7,049 | €3,940 | -€3,109 | -44.1% |
| Other amounts receivable | 41 | €5,934 | €1,631 | -€4,303 | -72.5% |
| Cash at bank and in hand | 54/58 | €2,537 | €19,147 | +€16,609 | +655% |
| Deferred charges and accrued income | 490/1 | €410 | €437 | +€27 | +6.6% |
| Total equity and liabilities | 10/49 | €230,016 | €202,232 | -€27,784 | -12.1% |
| Equity | 10/15 | -€183,881 | -€217,461 | -€33,580 | -18.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | - | -€6,197 | |
| Other | 1109/19 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €2,859 | €2,859 | = | 0.0% |
| Distributable reserves | 133 | €2,859 | €2,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,394 | -€226,745 | -€33,352 | -17.2% |
| Investment grants | 15 | €457 | €228 | -€228 | -50.0% |
| Amounts payable | 17/49 | €413,897 | €419,693 | +€5,796 | +1.4% |
| Amounts payable within one year | 42/48 | €413,897 | €419,693 | +€5,796 | +1.4% |
| Trade debts | 44 | €21,872 | €468 | -€21,404 | -97.9% |
| Suppliers | 440/4 | €21,872 | €468 | -€21,404 | -97.9% |
| Other amounts payable | 47/48 | €392,025 | €419,225 | +€27,200 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,199 | €46,260 | -€4,938 | -9.6% |
| Other operating charges | 640/8 | €3,120 | €1,227 | -€1,893 | -60.7% |
| Gross operating margin | 9900 | €11,787 | €14,211 | +€2,424 | +20.6% |
| Operating profit (loss) | 9901 | -€42,532 | -€33,277 | +€9,256 | +21.8% |
| Financial income | 75/76B | €263 | €228 | -€35 | -13.3% |
| Recurring financial income | 75 | €263 | €228 | -€35 | -13.3% |
| Financial charges | 65/66B | €35 | €303 | +€268 | +771% |
| Recurring financial charges | 65 | €35 | €303 | +€268 | +771% |
| Profit (loss) for the period before taxes | 9903 | -€42,304 | -€33,352 | +€8,952 | +21.2% |
| Profit (loss) for the period | 9904 | -€42,304 | -€33,352 | +€8,952 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,304 | -€33,352 | +€8,952 | +21.2% |
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 16 October 2026 via checked.be.