RUZZI PROJECTMANAGEMENT: 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.
RUZZI PROJECTMANAGEMENT
Largest movements
- Stocks and contracts +€178,824
up €178,824 (+12.3%), from €1.5m to €1.6m
- Receivables within one year +€76,813
up €76,813 (+280.9%), from €27,344 to €104,156
of which Other amounts receivable: +€90,589
- Cash +€44,832
up €44,832 (+106.2%), from €42,231 to €87,063
mainly Debts after one year (+€408,473) and Net result for the year (+€173,369)
- Debts after one year +€408,473
up €408,473 (+26.6%), from €1.5m to €1.9m
of which Financial debts: +€408,473
- Reserves +€307,500
up €307,500 (+830.0%), from €37,050 to €344,550
of which Tax-exempt reserves: +€307,500
- Other debts -€223,360
down €223,360 (-93.4%), from €239,228 to €15,868
- Trade debts -€150,566
down €150,566 (-80.0%), from €188,164 to €37,598
- Profit (loss) carried forward -€134,131
down €134,131 (-46.7%), from -€287,124 to -€421,255
- Gross operating margin +€420,296
up €420,296 (+1487.4%), from €28,256 to €448,552
- Taxes +€51,327
up €51,327 (+1338.6%), from €3,834 to €55,162
- Other operating charges +€27,715
up €27,715 (+117.2%), from €23,643 to €51,359
- Financial charges +€6,936
up €6,936 (+29.2%), from €23,781 to €30,717
- Depreciation -€5,690
down €5,690 (-13.8%), from €41,136 to €35,446
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 | €2,044,693 | €2,338,288 | +€293,595 | +14.4% |
| Fixed assets | 21/28 | €524,403 | €517,530 | -€6,873 | -1.3% |
| Tangible fixed assets | 22/27 | €517,953 | €511,080 | -€6,873 | -1.3% |
| Land and buildings | 22 | €503,708 | €496,257 | -€7,451 | -1.5% |
| Plant, machinery and equipment | 23 | €387 | €0 | -€387 | -100.0% |
| Other tangible fixed assets | 26 | €13,859 | €14,823 | +€965 | +7.0% |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €1,520,289 | €1,820,757 | +€300,468 | +19.8% |
| Stocks and contracts in progress | 3 | €1,450,714 | €1,629,538 | +€178,824 | +12.3% |
| Stocks | 30/36 | €1,450,714 | €1,629,538 | +€178,824 | +12.3% |
| Amounts receivable within one year | 40/41 | €27,344 | €104,156 | +€76,813 | +280.9% |
| Trade receivables | 40 | €22,047 | €8,271 | -€13,777 | -62.5% |
| Other amounts receivable | 41 | €5,297 | €95,886 | +€90,589 | +1710.3% |
| Cash at bank and in hand | 54/58 | €42,231 | €87,063 | +€44,832 | +106.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,044,693 | €2,338,288 | +€293,595 | +14.4% |
| Equity | 10/15 | -€188,074 | -€14,705 | +€173,369 | +92.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €37,050 | €344,550 | +€307,500 | +830.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €307,500 | +€307,500 | |
| Distributable reserves | 133 | €30,850 | €30,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,124 | -€421,255 | -€134,131 | -46.7% |
| Provisions and deferred taxes | 16 | - | €102,500 | +€102,500 | |
| Deferred taxes | 168 | - | €102,500 | +€102,500 | |
| Amounts payable | 17/49 | €2,232,766 | €2,250,493 | +€17,727 | +0.8% |
| Amounts payable after more than one year | 17 | €1,533,712 | €1,942,185 | +€408,473 | +26.6% |
| Financial debts | 170/4 | €1,532,112 | €1,940,585 | +€408,473 | +26.7% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €699,054 | €289,133 | -€409,921 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €248,237 | €232,091 | -€16,147 | -6.5% |
| Trade debts | 44 | €188,164 | €37,598 | -€150,566 | -80.0% |
| Suppliers | 440/4 | €188,164 | €37,598 | -€150,566 | -80.0% |
| Taxes, remuneration and social security | 45 | €23,425 | €3,576 | -€19,849 | -84.7% |
| Taxes | 450/3 | €23,425 | €3,576 | -€19,849 | -84.7% |
| Other amounts payable | 47/48 | €239,228 | €15,868 | -€223,360 | -93.4% |
| Accrued charges and deferred income | 492/3 | - | €19,175 | +€19,175 | |
| Non-recurring operating income | 76A | €37,821 | €464,546 | +€426,725 | +1128.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,136 | €35,446 | -€5,690 | -13.8% |
| Other operating charges | 640/8 | €23,643 | €51,359 | +€27,715 | +117.2% |
| Non-recurring operating charges | 66A | €296,819 | €0 | -€296,819 | -100.0% |
| Gross operating margin | 9900 | €28,256 | €448,552 | +€420,296 | +1487.4% |
| Operating profit (loss) | 9901 | -€333,342 | €361,747 | +€695,089 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -63.6% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -63.6% |
| Financial charges | 65/66B | €23,781 | €30,717 | +€6,936 | +29.2% |
| Recurring financial charges | 65 | €23,781 | €30,717 | +€6,936 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€357,122 | €331,030 | +€688,153 | |
| Transfer to deferred taxes | 680 | - | €102,500 | +€102,500 | |
| Income taxes | 67/77 | €3,834 | €55,162 | +€51,327 | +1338.6% |
| Profit (loss) for the period | 9904 | -€360,957 | €173,369 | +€534,325 | |
| Transfer to tax-exempt reserves | 689 | - | €307,500 | +€307,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€360,957 | -€134,131 | +€226,825 | +62.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.