RUZGAR: 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.
RUZGAR
Largest movements
- Receivables within one year +€36,640
up €36,640 (+366%), from €10,016 to €46,656
of which Trade receivables: +€35,889
- Tangible fixed assets +€27,640
new in 2025: €27,640
of which Furniture and vehicles: +€26,331
- Cash +€4,221
up €4,221 (+979%), from €431 to €4,652
mainly Trade debts (+€60,335) and Net result for the year (+€6,262)
- Trade debts +€60,335
up €60,335 (+7,077%), from €853 to €61,188
- Profit (loss) carried forward +€6,262
up €6,262 (+144%), from €4,338 to €10,600
- Tax, wage and social debts +€2,187
up €2,187 (+194%), from €1,125 to €3,312
- Other debts -€880
down €880 (-19.0%), from €4,620 to €3,740
- Turnover +€136,858
up €136,858 (+303%), from €45,216 to €182,074
- Purchases and services +€128,444
up €128,444 (+330%), from €38,905 to €167,349
- Gross operating margin +€8,414
up €8,414 (+133%), from €6,310 to €14,724
- Staff costs +€3,981
up €3,981 (+1,171%), from €340 to €4,321
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 | €11,936 | €79,840 | +€67,904 | +569% |
| Fixed assets | 21/28 | €1,489 | €28,531 | +€27,043 | +1,816% |
| Intangible fixed assets | 21 | €1,489 | €892 | -€597 | -40.1% |
| Tangible fixed assets | 22/27 | - | €27,640 | +€27,640 | |
| Plant, machinery and equipment | 23 | - | €1,309 | +€1,309 | |
| Furniture and vehicles | 24 | - | €26,331 | +€26,331 | |
| Current assets | 29/58 | €10,447 | €51,308 | +€40,861 | +391% |
| Amounts receivable within one year | 40/41 | €10,016 | €46,656 | +€36,640 | +366% |
| Trade receivables | 40 | €9,775 | €45,664 | +€35,889 | +367% |
| Other amounts receivable | 41 | €241 | €992 | +€751 | +312% |
| Cash at bank and in hand | 54/58 | €431 | €4,652 | +€4,221 | +979% |
| Total equity and liabilities | 10/49 | €11,936 | €79,840 | +€67,904 | +569% |
| Equity | 10/15 | €5,338 | €11,600 | +€6,262 | +117% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,338 | €10,600 | +€6,262 | +144% |
| Amounts payable | 17/49 | €6,598 | €68,240 | +€61,642 | +934% |
| Amounts payable within one year | 42/48 | €6,598 | €68,240 | +€61,642 | +934% |
| Trade debts | 44 | €853 | €61,188 | +€60,335 | +7,077% |
| Suppliers | 440/4 | €853 | €61,188 | +€60,335 | +7,077% |
| Taxes, remuneration and social security | 45 | €1,125 | €3,312 | +€2,187 | +194% |
| Taxes | 450/3 | €1,125 | €3,312 | +€2,187 | +194% |
| Other amounts payable | 47/48 | €4,620 | €3,740 | -€880 | -19.0% |
| Turnover | 70 | €45,216 | €182,074 | +€136,858 | +303% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,905 | €167,349 | +€128,444 | +330% |
| Remuneration, social security and pensions | 62 | €340 | €4,321 | +€3,981 | +1,171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €1,208 | +€905 | +299% |
| Other operating charges | 640/8 | €172 | €585 | +€413 | +240% |
| Gross operating margin | 9900 | €6,310 | €14,724 | +€8,414 | +133% |
| Operating profit (loss) | 9901 | €5,496 | €8,610 | +€3,115 | +56.7% |
| Financial charges | 65/66B | €33 | €162 | +€129 | +394% |
| Recurring financial charges | 65 | €33 | €162 | +€129 | +394% |
| Profit (loss) for the period before taxes | 9903 | €5,463 | €8,449 | +€2,986 | +54.7% |
| Income taxes | 67/77 | €1,125 | €2,187 | +€1,061 | +94.3% |
| Profit (loss) for the period | 9904 | €4,338 | €6,262 | +€1,925 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,338 | €6,262 | +€1,925 | +44.4% |
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 17 October 2026 via checked.be.