Bachen Rubbens: 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.
Bachen Rubbens
Largest movements
- Cash +€38,222
up €38,222 (+144%), from €26,568 to €64,790
mainly Net result for the year (+€38,557) and Trade debts (+€33,056)
- Receivables within one year +€37,251
up €37,251 (+67.9%), from €54,861 to €92,112
of which Trade receivables: +€37,399
- Stocks and contracts -€17,675
down €17,675 (-11.5%), from €153,739 to €136,064
- Tangible fixed assets +€13,322
new in 2025: €13,322
- Reserves +€38,557
up €38,557 (+35.7%), from €107,864 to €146,421
of which Distributable reserves: +€38,557
- Trade debts +€33,056
up €33,056 (+116%), from €28,403 to €61,459
- Gross operating margin +€69,636
up €69,636 (+74.2%), from €93,896 to €163,532
- Staff costs -€17,611
down €17,611 (-12.6%), from €140,105 to €122,494
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 | €235,168 | €306,288 | +€71,120 | +30.2% |
| Fixed assets | 21/28 | - | €13,322 | +€13,322 | |
| Tangible fixed assets | 22/27 | - | €13,322 | +€13,322 | |
| Plant, machinery and equipment | 23 | - | €13,322 | +€13,322 | |
| Current assets | 29/58 | €235,168 | €292,966 | +€57,798 | +24.6% |
| Stocks and contracts in progress | 3 | €153,739 | €136,064 | -€17,675 | -11.5% |
| Stocks | 30/36 | €153,739 | €136,064 | -€17,675 | -11.5% |
| Amounts receivable within one year | 40/41 | €54,861 | €92,112 | +€37,251 | +67.9% |
| Trade receivables | 40 | €54,453 | €91,852 | +€37,399 | +68.7% |
| Other amounts receivable | 41 | €408 | €260 | -€148 | -36.2% |
| Cash at bank and in hand | 54/58 | €26,568 | €64,790 | +€38,222 | +144% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €235,168 | €306,288 | +€71,120 | +30.2% |
| Equity | 10/15 | €182,864 | €221,421 | +€38,557 | +21.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €107,864 | €146,421 | +€38,557 | +35.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €100,364 | €138,921 | +€38,557 | +38.4% |
| Amounts payable | 17/49 | €52,304 | €84,868 | +€32,564 | +62.3% |
| Amounts payable within one year | 42/48 | €52,304 | €84,868 | +€32,564 | +62.3% |
| Trade debts | 44 | €28,403 | €61,459 | +€33,056 | +116% |
| Suppliers | 440/4 | €28,403 | €61,459 | +€33,056 | +116% |
| Advances received on contracts in progress | 46 | €900 | €900 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,001 | €22,508 | -€492 | -2.1% |
| Taxes | 450/3 | €3,124 | €3,676 | +€553 | +17.7% |
| Remuneration and social security | 454/9 | €19,877 | €18,832 | -€1,045 | -5.3% |
| Remuneration, social security and pensions | 62 | €140,105 | €122,494 | -€17,611 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €178 | +€178 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,396 | €1,419 | +€23 | +1.7% |
| Gross operating margin | 9900 | €93,896 | €163,532 | +€69,636 | +74.2% |
| Operating profit (loss) | 9901 | -€47,605 | €39,441 | +€87,046 | |
| Financial income | 75/76B | €6 | €0 | -€5 | -96.8% |
| Recurring financial income | 75 | €6 | €0 | -€5 | -96.8% |
| Financial charges | 65/66B | €925 | €885 | -€40 | -4.4% |
| Recurring financial charges | 65 | €925 | €885 | -€40 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,524 | €38,557 | +€87,081 | |
| Profit (loss) for the period | 9904 | -€48,524 | €38,557 | +€87,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,524 | €38,557 | +€87,081 |
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 20 October 2026 via checked.be.