BIJOU RUBIN: 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.
BIJOU RUBIN
Largest movements
- Tangible fixed assets +€70,639
up €70,639 (+6,330%), from €1,116 to €71,755
of which Other tangible fixed assets: +€71,020
- Cash -€50,840
down €50,840 (-17.7%), from €287,244 to €236,405
mainly Investment in fixed assets (net) (-€83,630) and Deferred charges and accrued income (-€28,564)
- Receivables within one year -€28,870
down €28,870 (-54.4%), from €53,045 to €24,175
of which Trade receivables: -€26,509
- Deferred charges and accrued income +€28,564
new in 2025: €28,564
- Financial fixed assets +€11,448
up €11,448 (+28.9%), from €39,600 to €51,048
- Profit (loss) carried forward +€23,491
up €23,491 (+7.2%), from €327,020 to €350,510
- Tax, wage and social debts -€22,018
down €22,018 (-50.7%), from €43,447 to €21,429
of which Remuneration and social security: -€15,195
- Trade debts +€14,591
up €14,591 (+59.5%), from €24,504 to €39,095
- Debts after one year +€11,253
up €11,253 (+92.6%), from €12,149 to €23,402
- Staff costs -€45,766
down €45,766 (-27.3%), from €167,913 to €122,146
- Gross operating margin -€32,079
down €32,079 (-16.9%), from €190,148 to €158,069
- Taxes +€2,427
new in 2025: €2,427
- Depreciation -€2,337
down €2,337 (-60.2%), from €3,880 to €1,542
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 | €430,379 | €457,544 | +€27,165 | +6.3% |
| Fixed assets | 21/28 | €40,716 | €122,803 | +€82,087 | +202% |
| Tangible fixed assets | 22/27 | €1,116 | €71,755 | +€70,639 | +6,330% |
| Furniture and vehicles | 24 | €1,116 | €735 | -€381 | -34.1% |
| Other tangible fixed assets | 26 | €0 | €71,020 | +€71,020 | |
| Financial fixed assets | 28 | €39,600 | €51,048 | +€11,448 | +28.9% |
| Current assets | 29/58 | €389,663 | €334,741 | -€54,922 | -14.1% |
| Stocks and contracts in progress | 3 | €49,374 | €45,597 | -€3,777 | -7.6% |
| Stocks | 30/36 | €49,374 | €45,597 | -€3,777 | -7.6% |
| Amounts receivable within one year | 40/41 | €53,045 | €24,175 | -€28,870 | -54.4% |
| Trade receivables | 40 | €26,509 | €0 | -€26,509 | -100% |
| Other amounts receivable | 41 | €26,535 | €24,175 | -€2,360 | -8.9% |
| Cash at bank and in hand | 54/58 | €287,244 | €236,405 | -€50,840 | -17.7% |
| Deferred charges and accrued income | 490/1 | - | €28,564 | +€28,564 | |
| Total equity and liabilities | 10/49 | €430,379 | €457,544 | +€27,165 | +6.3% |
| Equity | 10/15 | €347,480 | €370,970 | +€23,491 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,020 | €350,510 | +€23,491 | +7.2% |
| Amounts payable | 17/49 | €82,900 | €86,574 | +€3,674 | +4.4% |
| Amounts payable after more than one year | 17 | €12,149 | €23,402 | +€11,253 | +92.6% |
| Other amounts payable | 178/9 | €12,149 | €23,402 | +€11,253 | +92.6% |
| Amounts payable within one year | 42/48 | €70,751 | €63,172 | -€7,579 | -10.7% |
| Trade debts | 44 | €24,504 | €39,095 | +€14,591 | +59.5% |
| Suppliers | 440/4 | €24,504 | €39,095 | +€14,591 | +59.5% |
| Advances received on contracts in progress | 46 | €2,799 | €2,648 | -€151 | -5.4% |
| Taxes, remuneration and social security | 45 | €43,447 | €21,429 | -€22,018 | -50.7% |
| Taxes | 450/3 | €16,074 | €9,251 | -€6,823 | -42.4% |
| Remuneration and social security | 454/9 | €27,373 | €12,178 | -€15,195 | -55.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €167,913 | €122,146 | -€45,766 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,880 | €1,542 | -€2,337 | -60.2% |
| Other operating charges | 640/8 | €1,114 | €2,636 | +€1,522 | +137% |
| Gross operating margin | 9900 | €190,148 | €158,069 | -€32,079 | -16.9% |
| Operating profit (loss) | 9901 | €17,243 | €31,745 | +€14,502 | +84.1% |
| Financial income | 75/76B | €290 | €194 | -€95 | -32.9% |
| Recurring financial income | 75 | €290 | €194 | -€95 | -32.9% |
| Financial charges | 65/66B | €6,160 | €6,021 | -€139 | -2.3% |
| Recurring financial charges | 65 | €6,160 | €6,021 | -€139 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €11,372 | €25,918 | +€14,546 | +128% |
| Income taxes | 67/77 | - | €2,427 | +€2,427 | |
| Profit (loss) for the period | 9904 | €11,372 | €23,491 | +€12,119 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €11,372 | €23,491 | +€12,119 | +107% |
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.