MARCON & RUBENS: 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.
MARCON & RUBENS
Largest movements
- Receivables within one year -€51,409
down €51,409 (-95.9%), from €53,624 to €2,215
of which Trade receivables: -€53,045
- Cash -€49,037
down €49,037 (-63.8%), from €76,835 to €27,797
mainly Other debts (-€44,608) and Net result for the year (-€28,026)
- Tangible fixed assets -€11,570
down €11,570 (-100%), from €11,570 to €0
of which Other tangible fixed assets: -€9,547
- Other debts -€44,608
down €44,608 (-100%), from €44,608 to €0
- Profit (loss) carried forward -€28,026
down €28,026 (-28.5%), from €98,396 to €70,370
- Tax, wage and social debts -€22,827
down €22,827 (-100%), from €22,827 to €0
of which Taxes: -€22,827
- Trade debts -€16,593
down €16,593 (-100%), from €16,593 to €0
- Gross operating margin -€54,572
down €54,572, from €42,329 to -€12,242
- Other operating charges +€11,851
up €11,851 (+152%), from €7,808 to €19,659
- Taxes -€7,964
down €7,964, from €7,847 to -€116
- Depreciation -€5,010
down €5,010 (-100%), from €5,010 to €0
- Financial income +€3,678
up €3,678 (+960%), from €383 to €4,061
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 | €190,644 | €78,776 | -€111,868 | -58.7% |
| Fixed assets | 21/28 | €11,570 | €0 | -€11,570 | -100% |
| Tangible fixed assets | 22/27 | €11,570 | €0 | -€11,570 | -100% |
| Plant, machinery and equipment | 23 | €1,310 | €0 | -€1,310 | -100% |
| Furniture and vehicles | 24 | €713 | €0 | -€713 | -100% |
| Other tangible fixed assets | 26 | €9,547 | €0 | -€9,547 | -100% |
| Current assets | 29/58 | €179,074 | €78,776 | -€100,298 | -56.0% |
| Amounts receivable within one year | 40/41 | €53,624 | €2,215 | -€51,409 | -95.9% |
| Trade receivables | 40 | €53,178 | €133 | -€53,045 | -99.7% |
| Other amounts receivable | 41 | €446 | €2,081 | +€1,636 | +367% |
| Current investments | 50/53 | €45,307 | €45,497 | +€190 | +0.4% |
| Cash at bank and in hand | 54/58 | €76,835 | €27,797 | -€49,037 | -63.8% |
| Deferred charges and accrued income | 490/1 | €3,309 | €3,267 | -€42 | -1.3% |
| Total equity and liabilities | 10/49 | €190,644 | €78,776 | -€111,868 | -58.7% |
| Equity | 10/15 | €106,471 | €78,445 | -€28,026 | -26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,396 | €70,370 | -€28,026 | -28.5% |
| Amounts payable | 17/49 | €84,173 | €331 | -€83,842 | -99.6% |
| Amounts payable within one year | 42/48 | €84,173 | €0 | -€84,173 | -100% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €145 | €0 | -€145 | -100% |
| Credit institutions | 430/8 | €145 | €0 | -€145 | -100% |
| Trade debts | 44 | €16,593 | €0 | -€16,593 | -100% |
| Suppliers | 440/4 | €16,593 | €0 | -€16,593 | -100% |
| Taxes, remuneration and social security | 45 | €22,827 | €0 | -€22,827 | -100% |
| Taxes | 450/3 | €22,827 | €0 | -€22,827 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €44,608 | €0 | -€44,608 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €420 | €0 | -€420 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,010 | €0 | -€5,010 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €798 | €0 | -€798 | -100% |
| Other operating charges | 640/8 | €7,808 | €19,659 | +€11,851 | +152% |
| Gross operating margin | 9900 | €42,329 | -€12,242 | -€54,572 | |
| Operating profit (loss) | 9901 | €28,293 | -€31,901 | -€60,195 | |
| Financial income | 75/76B | €383 | €4,061 | +€3,678 | +960% |
| Recurring financial income | 75 | €383 | €4,061 | +€3,678 | +960% |
| Financial charges | 65/66B | €548 | €302 | -€247 | -45.0% |
| Recurring financial charges | 65 | €548 | €302 | -€247 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €28,128 | -€28,142 | -€56,270 | |
| Income taxes | 67/77 | €7,847 | -€116 | -€7,964 | |
| Profit (loss) for the period | 9904 | €20,281 | -€28,026 | -€48,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,281 | -€28,026 | -€48,307 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.