RUWETTE: 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.
RUWETTE
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+44642.9%), from €280 to €125,280
- Receivables within one year +€16,877
up €16,877 (+45.0%), from €37,516 to €54,393
of which Trade receivables: +€18,926
- Tangible fixed assets -€13,269
down €13,269 (-30.2%), from €43,944 to €30,675
- Cash -€8,458
down €8,458 (-24.0%), from €35,205 to €26,747
mainly Investment in fixed assets (net) (-€125,000) and Contributions, distributions and other (-€57,000)
- Debts after one year +€62,701
up €62,701 (+192.2%), from €32,620 to €95,321
- Other debts +€29,474
up €29,474 (+50.0%), from €59,000 to €88,474
- Current portion of long-term debt +€13,514
up €13,514 (+111.9%), from €12,081 to €25,595
- Tax, wage and social debts +€12,133
up €12,133 (+153.7%), from €7,895 to €20,028
- Gross operating margin +€6,722
up €6,722 (+7.2%), from €93,265 to €99,987
- Taxes +€5,076
up €5,076 (+27.7%), from €18,301 to €23,378
- Financial charges +€3,078
up €3,078 (+218.6%), from €1,408 to €4,487
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.
Cash bridge derived
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 | €118,841 | €238,968 | +€120,127 | +101.1% |
| Fixed assets | 21/28 | €44,224 | €155,955 | +€111,731 | +252.6% |
| Tangible fixed assets | 22/27 | €43,944 | €30,675 | -€13,269 | -30.2% |
| Furniture and vehicles | 24 | €43,944 | €30,675 | -€13,269 | -30.2% |
| Financial fixed assets | 28 | €280 | €125,280 | +€125,000 | +44642.9% |
| Current assets | 29/58 | €74,617 | €83,013 | +€8,397 | +11.3% |
| Amounts receivable within one year | 40/41 | €37,516 | €54,393 | +€16,877 | +45.0% |
| Trade receivables | 40 | €35,467 | €54,393 | +€18,926 | +53.4% |
| Other amounts receivable | 41 | €2,049 | - | -€2,049 | |
| Cash at bank and in hand | 54/58 | €35,205 | €26,747 | -€8,458 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,896 | €1,873 | -€23 | -1.2% |
| Total equity and liabilities | 10/49 | €118,841 | €238,968 | +€120,127 | +101.1% |
| Equity | 10/15 | €1,222 | €1,870 | +€648 | +53.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222 | €870 | +€648 | +291.4% |
| Amounts payable | 17/49 | €117,618 | €237,098 | +€119,479 | +101.6% |
| Amounts payable after more than one year | 17 | €32,620 | €95,321 | +€62,701 | +192.2% |
| Financial debts | 170/4 | €32,620 | €95,321 | +€62,701 | +192.2% |
| Amounts payable within one year | 42/48 | €84,998 | €141,776 | +€56,778 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €12,081 | €25,595 | +€13,514 | +111.9% |
| Trade debts | 44 | €6,022 | €7,680 | +€1,658 | +27.5% |
| Suppliers | 440/4 | €6,022 | €7,680 | +€1,658 | +27.5% |
| Taxes, remuneration and social security | 45 | €7,895 | €20,028 | +€12,133 | +153.7% |
| Taxes | 450/3 | €7,895 | €20,028 | +€12,133 | +153.7% |
| Other amounts payable | 47/48 | €59,000 | €88,474 | +€29,474 | +50.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,272 | €13,269 | -€3 | 0.0% |
| Other operating charges | 640/8 | €1,382 | €1,206 | -€177 | -12.8% |
| Gross operating margin | 9900 | €93,265 | €99,987 | +€6,722 | +7.2% |
| Operating profit (loss) | 9901 | €78,610 | €85,512 | +€6,902 | +8.8% |
| Financial income | 75/76B | €322 | €0 | -€321 | -100.0% |
| Recurring financial income | 75 | €322 | €0 | -€321 | -100.0% |
| Financial charges | 65/66B | €1,408 | €4,487 | +€3,078 | +218.6% |
| Recurring financial charges | 65 | €1,408 | €4,487 | +€3,078 | +218.6% |
| Profit (loss) for the period before taxes | 9903 | €77,523 | €81,025 | +€3,502 | +4.5% |
| Income taxes | 67/77 | €18,301 | €23,378 | +€5,076 | +27.7% |
| Profit (loss) for the period | 9904 | €59,222 | €57,648 | -€1,574 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,222 | €57,648 | -€1,574 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.