Le Rub: what changed
Two fiscal 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.
Le Rub
Largest movements
- Cash -€123,271
down €123,271 (-58.6%), from €210,346 to €87,075
mainly Net result for the year (-€685,897) and Current portion of long-term debt (-€96,800)
- Intangible fixed assets -€57,826
down €57,826 (-29.2%), from €197,864 to €140,038
- Receivables within one year +€21,085
up €21,085 (+221.7%), from €9,511 to €30,596
of which Trade receivables: +€20,037
- Deferred charges and accrued income -€21,067
down €21,067 (-94.0%), from €22,400 to €1,333
- Tangible fixed assets +€8,142
up €8,142 (+231.7%), from €3,514 to €11,656
- Profit (loss) carried forward -€685,897
down €685,897 (-158.6%), from -€432,444 to -€1.1m
- Debts after one year +€251,853
up €251,853 (+37.1%), from €678,449 to €930,302
- Contributions +€185,160
up €185,160 (+85.4%), from €216,916 to €402,076
- Trade debts +€129,176
up €129,176 (+242.2%), from €53,343 to €182,520
- Current portion of long-term debt -€96,800
no longer reported in 2024 (was €96,800)
- Gross operating margin -€204,196
down €204,196 (-59.2%), from -€345,196 to -€549,392
- Depreciation +€33,366
up €33,366 (+120.2%), from €27,755 to €61,121
- Staff costs +€27,725
up €27,725 (+69.9%), from €39,689 to €67,414
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,920 | €457,926 | -€171,994 | -27.3% |
| Formation expenses | 20 | €2,058 | €1,372 | -€686 | -33.3% |
| Fixed assets | 21/28 | €201,628 | €151,944 | -€49,684 | -24.6% |
| Intangible fixed assets | 21 | €197,864 | €140,038 | -€57,826 | -29.2% |
| Tangible fixed assets | 22/27 | €3,514 | €11,656 | +€8,142 | +231.7% |
| Furniture and vehicles | 24 | €3,514 | €11,656 | +€8,142 | +231.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €426,234 | €304,611 | -€121,624 | -28.5% |
| Stocks and contracts in progress | 3 | €183,978 | €185,607 | +€1,629 | +0.9% |
| Stocks | 30/36 | €183,978 | €185,607 | +€1,629 | +0.9% |
| Amounts receivable within one year | 40/41 | €9,511 | €30,596 | +€21,085 | +221.7% |
| Trade receivables | 40 | €3,217 | €23,253 | +€20,037 | +622.9% |
| Other amounts receivable | 41 | €6,294 | €7,343 | +€1,048 | +16.7% |
| Cash at bank and in hand | 54/58 | €210,346 | €87,075 | -€123,271 | -58.6% |
| Deferred charges and accrued income | 490/1 | €22,400 | €1,333 | -€21,067 | -94.0% |
| Total equity and liabilities | 10/49 | €629,920 | €457,926 | -€171,994 | -27.3% |
| Equity | 10/15 | -€215,528 | -€716,265 | -€500,737 | -232.3% |
| Contributions | 10/11 | €216,916 | €402,076 | +€185,160 | +85.4% |
| Profit (loss) carried forward | 14 | -€432,444 | -€1,118,341 | -€685,897 | -158.6% |
| Amounts payable | 17/49 | €845,449 | €1,174,191 | +€328,743 | +38.9% |
| Amounts payable after more than one year | 17 | €678,449 | €930,302 | +€251,853 | +37.1% |
| Financial debts | 170/4 | €678,449 | €930,302 | +€251,853 | +37.1% |
| Amounts payable within one year | 42/48 | €162,657 | €239,547 | +€76,890 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €96,800 | - | -€96,800 | |
| Financial debts | 43 | €400 | €2,984 | +€2,585 | +646.6% |
| Credit institutions | 430/8 | €400 | €2,984 | +€2,585 | +646.6% |
| Trade debts | 44 | €53,343 | €182,520 | +€129,176 | +242.2% |
| Suppliers | 440/4 | €53,343 | €182,520 | +€129,176 | +242.2% |
| Taxes, remuneration and social security | 45 | €11,412 | €20,415 | +€9,003 | +78.9% |
| Taxes | 450/3 | €1,633 | €4,484 | +€2,851 | +174.7% |
| Remuneration and social security | 454/9 | €9,780 | €15,931 | +€6,152 | +62.9% |
| Other amounts payable | 47/48 | €702 | €33,628 | +€32,926 | +4692.4% |
| Accrued charges and deferred income | 492/3 | €4,342 | €4,342 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,689 | €67,414 | +€27,725 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,755 | €61,121 | +€33,366 | +120.2% |
| Other operating charges | 640/8 | €422 | €377 | -€45 | -10.7% |
| Gross operating margin | 9900 | -€345,196 | -€549,392 | -€204,196 | -59.2% |
| Operating profit (loss) | 9901 | -€413,063 | -€678,304 | -€265,242 | -64.2% |
| Financial income | 75/76B | €1 | €2,756 | +€2,755 | +382618.1% |
| Recurring financial income | 75 | €1 | €2,756 | +€2,755 | +382618.1% |
| Financial charges | 65/66B | €13,182 | €10,348 | -€2,834 | -21.5% |
| Recurring financial charges | 65 | €13,182 | €10,348 | -€2,834 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€426,244 | -€685,897 | -€259,653 | -60.9% |
| Profit (loss) for the period | 9904 | -€426,244 | -€685,897 | -€259,653 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€426,244 | -€685,897 | -€259,653 | -60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.