VAN BAEL RUDI: what changed
VAN BAEL RUDI
Largest movements
- Receivables within one year +€8,846
up €8,846 (+12.7%), from €69,813 to €78,660
of which Other amounts receivable: +€5,318
- Tangible fixed assets +€1,919
up €1,919 (+102%), from €1,880 to €3,799
of which Plant, machinery and equipment: +€2,014
- Stocks and contracts -€961
down €961 (-19.2%), from €5,014 to €4,053
- Reserves +€15,289
up €15,289 (+107%), from €14,309 to €29,599
of which Distributable reserves: +€15,289
- Trade debts -€6,229
down €6,229 (-47.9%), from €12,998 to €6,769
- Short-term financial debts +€2,561
up €2,561 (+7.6%), from €33,731 to €36,291
- Gross operating margin +€8,632
up €8,632 (+58.5%), from €14,757 to €23,390
- Depreciation -€3,539
down €3,539 (-72.1%), from €4,905 to €1,367
- Other operating charges -€1,659
down €1,659 (-59.3%), from €2,800 to €1,140
- Financial charges +€759
up €759 (+15.7%), from €4,843 to €5,602
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,088 | €91,250 | +€10,162 | +12.5% |
| Fixed assets | 21/28 | €1,880 | €3,799 | +€1,919 | +102% |
| Tangible fixed assets | 22/27 | €1,880 | €3,799 | +€1,919 | +102% |
| Land and buildings | 22 | - | €886 | +€886 | |
| Plant, machinery and equipment | 23 | - | €2,014 | +€2,014 | |
| Furniture and vehicles | 24 | €919 | €900 | -€19 | -2.1% |
| Leasing and similar rights | 25 | €961 | - | -€961 | |
| Current assets | 29/58 | €79,208 | €87,451 | +€8,243 | +10.4% |
| Stocks and contracts in progress | 3 | €5,014 | €4,053 | -€961 | -19.2% |
| Stocks | 30/36 | €5,014 | €4,053 | -€961 | -19.2% |
| Amounts receivable within one year | 40/41 | €69,813 | €78,660 | +€8,846 | +12.7% |
| Trade receivables | 40 | €59,572 | €63,100 | +€3,529 | +5.9% |
| Other amounts receivable | 41 | €10,242 | €15,559 | +€5,318 | +51.9% |
| Cash at bank and in hand | 54/58 | €2,427 | €2,427 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,954 | €2,312 | +€358 | +18.3% |
| Total equity and liabilities | 10/49 | €81,088 | €91,250 | +€10,162 | +12.5% |
| Equity | 10/15 | €32,901 | €48,191 | +€15,289 | +46.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,309 | €29,599 | +€15,289 | +107% |
| Tax-exempt reserves | 132 | €9,440 | €9,440 | = | 0.0% |
| Distributable reserves | 133 | €4,869 | €20,158 | +€15,289 | +314% |
| Amounts payable | 17/49 | €48,187 | €43,060 | -€5,127 | -10.6% |
| Amounts payable within one year | 42/48 | €47,531 | €43,060 | -€4,471 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €802 | - | -€802 | |
| Financial debts | 43 | €33,731 | €36,291 | +€2,561 | +7.6% |
| Credit institutions | 430/8 | €33,731 | €36,291 | +€2,561 | +7.6% |
| Trade debts | 44 | €12,998 | €6,769 | -€6,229 | -47.9% |
| Suppliers | 440/4 | €12,998 | €6,769 | -€6,229 | -47.9% |
| Accrued charges and deferred income | 492/3 | €656 | - | -€656 | |
| Remuneration, social security and pensions | 62 | €128 | - | -€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,905 | €1,367 | -€3,539 | -72.1% |
| Other operating charges | 640/8 | €2,800 | €1,140 | -€1,659 | -59.3% |
| Gross operating margin | 9900 | €14,757 | €23,390 | +€8,632 | +58.5% |
| Operating profit (loss) | 9901 | €6,925 | €20,882 | +€13,958 | +202% |
| Financial income | 75/76B | €4 | €9 | +€5 | +120% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +120% |
| Financial charges | 65/66B | €4,843 | €5,602 | +€759 | +15.7% |
| Recurring financial charges | 65 | €4,843 | €5,602 | +€759 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €2,086 | €15,289 | +€13,204 | +633% |
| Profit (loss) for the period | 9904 | €2,086 | €15,289 | +€13,204 | +633% |
| Profit (loss) for the period to be appropriated | 9905 | €2,086 | €15,289 | +€13,204 | +633% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.