RUWET & Associés: 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 & Associés
Largest movements
- Tangible fixed assets -€20,680
down €20,680 (-27.8%), from €74,519 to €53,839
of which Furniture and vehicles: -€19,871
- Receivables within one year +€16,392
up €16,392 (+76.2%), from €21,520 to €37,913
of which Other amounts receivable: +€15,166
- Debts after one year -€41,041
down €41,041 (-19.6%), from €209,148 to €168,107
- Trade debts +€29,770
up €29,770 (+3,931%), from €757 to €30,527
- Current portion of long-term debt +€13,110
up €13,110 (+22.9%), from €57,242 to €70,352
- Financial income +€27,126
up €27,126 (+887%), from €3,058 to €30,184
- Gross operating margin +€17,045
up €17,045 (+15.7%), from €108,406 to €125,451
- Depreciation +€6,298
up €6,298 (+43.8%), from €14,382 to €20,680
- Taxes +€5,110
up €5,110 (+18.6%), from €27,423 to €32,533
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 | €1,085,019 | €1,076,525 | -€8,494 | -0.8% |
| Fixed assets | 21/28 | €1,059,186 | €1,028,506 | -€30,680 | -2.9% |
| Tangible fixed assets | 22/27 | €74,519 | €53,839 | -€20,680 | -27.8% |
| Furniture and vehicles | 24 | €69,102 | €49,231 | -€19,871 | -28.8% |
| Other tangible fixed assets | 26 | €5,417 | €4,608 | -€809 | -14.9% |
| Financial fixed assets | 28 | €984,667 | €974,667 | -€10,000 | -1.0% |
| Current assets | 29/58 | €25,833 | €48,019 | +€22,186 | +85.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,520 | €37,913 | +€16,392 | +76.2% |
| Trade receivables | 40 | €5,681 | €6,907 | +€1,226 | +21.6% |
| Other amounts receivable | 41 | €15,839 | €31,005 | +€15,166 | +95.8% |
| Cash at bank and in hand | 54/58 | €366 | €6,988 | +€6,622 | +1,812% |
| Deferred charges and accrued income | 490/1 | €3,947 | €3,119 | -€828 | -21.0% |
| Total equity and liabilities | 10/49 | €1,085,019 | €1,076,525 | -€8,494 | -0.8% |
| Equity | 10/15 | €704,592 | €702,811 | -€1,781 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €546,512 | €544,731 | -€1,781 | -0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €546,512 | €544,731 | -€1,781 | -0.3% |
| Profit (loss) carried forward | 14 | €151,880 | €151,880 | +€0 | 0.0% |
| Amounts payable | 17/49 | €380,427 | €373,714 | -€6,713 | -1.8% |
| Amounts payable after more than one year | 17 | €209,148 | €168,107 | -€41,041 | -19.6% |
| Financial debts | 170/4 | €209,148 | €168,107 | -€41,041 | -19.6% |
| Amounts payable within one year | 42/48 | €169,052 | €204,175 | +€35,123 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €57,242 | €70,352 | +€13,110 | +22.9% |
| Financial debts | 43 | €31,000 | €31,000 | = | 0.0% |
| Credit institutions | 430/8 | €31,000 | €31,000 | = | 0.0% |
| Trade debts | 44 | €757 | €30,527 | +€29,770 | +3,931% |
| Suppliers | 440/4 | €757 | €30,527 | +€29,770 | +3,931% |
| Taxes, remuneration and social security | 45 | €12,042 | €12,508 | +€466 | +3.9% |
| Taxes | 450/3 | €11,562 | €12,048 | +€486 | +4.2% |
| Remuneration and social security | 454/9 | €480 | €460 | -€20 | -4.2% |
| Other amounts payable | 47/48 | €68,011 | €59,787 | -€8,223 | -12.1% |
| Accrued charges and deferred income | 492/3 | €2,227 | €1,432 | -€795 | -35.7% |
| Non-recurring operating income | 76A | - | €10,625 | +€10,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,382 | €20,680 | +€6,298 | +43.8% |
| Other operating charges | 640/8 | €2,969 | €3,096 | +€127 | +4.3% |
| Gross operating margin | 9900 | €108,406 | €125,451 | +€17,045 | +15.7% |
| Operating profit (loss) | 9901 | €91,055 | €101,674 | +€10,620 | +11.7% |
| Financial income | 75/76B | €3,058 | €30,184 | +€27,126 | +887% |
| Recurring financial income | 75 | €3,058 | €30,184 | +€27,126 | +887% |
| Financial charges | 65/66B | €9,262 | €9,680 | +€418 | +4.5% |
| Recurring financial charges | 65 | €9,262 | €9,680 | +€418 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €84,851 | €122,178 | +€37,327 | +44.0% |
| Income taxes | 67/77 | €27,423 | €32,533 | +€5,110 | +18.6% |
| Profit (loss) for the period | 9904 | €57,428 | €89,645 | +€32,217 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,428 | €89,645 | +€32,217 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.