W. RUTS MANAGEMENT: 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.
W. RUTS MANAGEMENT
Largest movements
- Cash +€18,685
up €18,685 (+27.6%), from €67,597 to €86,282
mainly Other debts (+€66,067) and Net result for the year (+€34,234)
- Receivables after one year -€6,812
down €6,812 (-12.7%), from €53,740 to €46,928
- Tangible fixed assets -€3,239
down €3,239 (-49.7%), from €6,514 to €3,274
of which Leasing and similar rights: -€5,440
- Other debts +€66,067
up €66,067 (+377%), from €17,519 to €83,586
- Reserves -€49,208
down €49,208 (-32.4%), from €152,097 to €102,889
- Current portion of long-term debt -€5,397
down €5,397 (-100%), from €5,397 to €0
- Gross operating margin -€5,095
down €5,095 (-9.0%), from €56,410 to €51,315
- Taxes -€1,111
down €1,111 (-8.0%), from €13,896 to €12,786
- Financial income +€972
up €972 (+30.8%), from €3,152 to €4,124
of which Financial income: +€1,989
- Depreciation -€760
down €760 (-10.3%), from €7,361 to €6,601
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 | €181,232 | €190,071 | +€8,839 | +4.9% |
| Fixed assets | 21/28 | €30,214 | €26,974 | -€3,239 | -10.7% |
| Tangible fixed assets | 22/27 | €6,514 | €3,274 | -€3,239 | -49.7% |
| Plant, machinery and equipment | 23 | €1,074 | €1,740 | +€666 | +62.0% |
| Furniture and vehicles | 24 | - | €1,534 | +€1,534 | |
| Leasing and similar rights | 25 | €5,440 | €0 | -€5,440 | -100% |
| Financial fixed assets | 28 | €23,700 | €23,700 | = | 0.0% |
| Current assets | 29/58 | €151,018 | €163,097 | +€12,079 | +8.0% |
| Amounts receivable after more than one year | 29 | €53,740 | €46,928 | -€6,812 | -12.7% |
| Other amounts receivable | 291 | €53,740 | €46,928 | -€6,812 | -12.7% |
| Amounts receivable within one year | 40/41 | €6,607 | €6,812 | +€205 | +3.1% |
| Other amounts receivable | 41 | €6,607 | €6,812 | +€205 | +3.1% |
| Current investments | 50/53 | €23,064 | €23,064 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,597 | €86,282 | +€18,685 | +27.6% |
| Deferred charges and accrued income | 490/1 | €11 | €11 | = | 0.0% |
| Total equity and liabilities | 10/49 | €181,232 | €190,071 | +€8,839 | +4.9% |
| Equity | 10/15 | €152,097 | €102,889 | -€49,208 | -32.4% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €152,097 | €102,889 | -€49,208 | -32.4% |
| Distributable reserves | 133 | €152,097 | €102,889 | -€49,208 | -32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,134 | €87,182 | +€58,048 | +199% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,134 | €87,182 | +€58,048 | +199% |
| Current portion of amounts payable after more than one year | 42 | €5,397 | €0 | -€5,397 | -100% |
| Trade debts | 44 | €997 | €142 | -€855 | -85.8% |
| Suppliers | 440/4 | €997 | €142 | -€855 | -85.8% |
| Taxes, remuneration and social security | 45 | €5,221 | €3,454 | -€1,767 | -33.8% |
| Taxes | 450/3 | €5,221 | €3,454 | -€1,767 | -33.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,519 | €83,586 | +€66,067 | +377% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,361 | €6,601 | -€760 | -10.3% |
| Other operating charges | 640/8 | €2,102 | €1,719 | -€383 | -18.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €56,410 | €51,315 | -€5,095 | -9.0% |
| Operating profit (loss) | 9901 | €46,947 | €42,995 | -€3,952 | -8.4% |
| Financial income | 75/76B | €3,152 | €4,124 | +€972 | +30.8% |
| Recurring financial income | 75 | €2,135 | €4,124 | +€1,989 | +93.1% |
| Non-recurring financial income | 76B | €1,017 | €0 | -€1,017 | -100% |
| Financial charges | 65/66B | €179 | €99 | -€80 | -44.6% |
| Recurring financial charges | 65 | €179 | €99 | -€80 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €49,921 | €47,020 | -€2,901 | -5.8% |
| Income taxes | 67/77 | €13,896 | €12,786 | -€1,111 | -8.0% |
| Profit (loss) for the period | 9904 | €36,025 | €34,234 | -€1,791 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,025 | €34,234 | -€1,791 | -5.0% |
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 28 October 2026 via checked.be.