Den Rubie: 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.
Den Rubie
Largest movements
- Receivables within one year -€22,324
down €22,324 (-5.6%), from €395,267 to €372,943
- Accrued charges and deferred income -€36,429
down €36,429 (-9.0%), from €405,956 to €369,527
- Reserves +€32,156
up €32,156 (+50.4%), from €63,810 to €95,966
- Other debts -€21,785
down €21,785 (-58.5%), from €37,246 to €15,461
- Financial income -€2,129
down €2,129 (-21.6%), from €9,868 to €7,739
- Depreciation -€1,901
down €1,901 (-35.6%), from €5,337 to €3,436
- Other operating charges +€341
up €341 (+25.8%), from €1,322 to €1,662
- Financial charges -€323
down €323 (-31.9%), from €1,012 to €689
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 | €537,762 | €514,649 | -€23,113 | -4.3% |
| Fixed assets | 21/28 | €141,623 | €138,187 | -€3,436 | -2.4% |
| Tangible fixed assets | 22/27 | €141,623 | €138,187 | -€3,436 | -2.4% |
| Land and buildings | 22 | €135,641 | €132,815 | -€2,827 | -2.1% |
| Plant, machinery and equipment | 23 | €5,982 | €5,372 | -€609 | -10.2% |
| Current assets | 29/58 | €396,139 | €376,461 | -€19,678 | -5.0% |
| Amounts receivable within one year | 40/41 | €395,267 | €372,943 | -€22,324 | -5.6% |
| Other amounts receivable | 41 | €395,267 | €372,943 | -€22,324 | -5.6% |
| Cash at bank and in hand | 54/58 | €719 | €975 | +€256 | +35.6% |
| Deferred charges and accrued income | 490/1 | €153 | €2,543 | +€2,390 | +1,559% |
| Total equity and liabilities | 10/49 | €537,762 | €514,649 | -€23,113 | -4.3% |
| Equity | 10/15 | €93,810 | €125,966 | +€32,156 | +34.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €63,810 | €95,966 | +€32,156 | +50.4% |
| Distributable reserves | 133 | €63,810 | €95,966 | +€32,156 | +50.4% |
| Amounts payable | 17/49 | €443,953 | €388,683 | -€55,270 | -12.4% |
| Amounts payable within one year | 42/48 | €37,997 | €19,156 | -€18,841 | -49.6% |
| Trade debts | 44 | €750 | €3,695 | +€2,945 | +392% |
| Suppliers | 440/4 | €750 | €3,695 | +€2,945 | +392% |
| Other amounts payable | 47/48 | €37,246 | €15,461 | -€21,785 | -58.5% |
| Accrued charges and deferred income | 492/3 | €405,956 | €369,527 | -€36,429 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,337 | €3,436 | -€1,901 | -35.6% |
| Other operating charges | 640/8 | €1,322 | €1,662 | +€341 | +25.8% |
| Gross operating margin | 9900 | €30,079 | €30,204 | +€125 | +0.4% |
| Operating profit (loss) | 9901 | €23,421 | €25,106 | +€1,685 | +7.2% |
| Financial income | 75/76B | €9,868 | €7,739 | -€2,129 | -21.6% |
| Recurring financial income | 75 | €9,868 | €7,739 | -€2,129 | -21.6% |
| Financial charges | 65/66B | €1,012 | €689 | -€323 | -31.9% |
| Recurring financial charges | 65 | €1,012 | €689 | -€323 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €32,277 | €32,156 | -€121 | -0.4% |
| Profit (loss) for the period | 9904 | €32,277 | €32,156 | -€121 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,277 | €32,156 | -€121 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.