REUBENS: 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.
REUBENS
Largest movements
- Cash +€324,388
up €324,388 (+221%), from €147,051 to €471,438
mainly Current investments (+€285,121) and Net result for the year (+€262,659)
- Current investments -€285,121
down €285,121 (-6.1%), from €4.7m to €4.4m
- Receivables within one year +€192,176
up €192,176 (+71.8%), from €267,821 to €459,996
of which Other amounts receivable: +€164,393
- Reserves +€193,934
up €193,934 (+4.0%), from €4.9m to €5.0m
of which Distributable reserves: +€193,934
- Other debts +€68,725
new in 2025: €68,725
- Financial income -€117,097
down €117,097 (-31.1%), from €376,422 to €259,325
of which Non-recurring financial income: -€204,315
- Gross operating margin +€77,694
up €77,694 (+204%), from €38,116 to €115,810
- Financial charges -€5,076
down €5,076 (-7.3%), from €69,871 to €64,795
of which Non-recurring financial charges: -€7,526
- Taxes -€3,383
down €3,383 (-11.3%), from €29,814 to €26,430
- Depreciation +€1,570
up €1,570 (+13.6%), from €11,518 to €13,088
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 | €5,615,735 | €5,830,544 | +€214,809 | +3.8% |
| Fixed assets | 21/28 | €347,182 | €338,046 | -€9,136 | -2.6% |
| Tangible fixed assets | 22/27 | €290,078 | €280,942 | -€9,136 | -3.1% |
| Land and buildings | 22 | €236,032 | €228,179 | -€7,853 | -3.3% |
| Plant, machinery and equipment | 23 | €2,552 | €2,955 | +€403 | +15.8% |
| Furniture and vehicles | 24 | €51,495 | €49,809 | -€1,686 | -3.3% |
| Financial fixed assets | 28 | €57,104 | €57,104 | = | 0.0% |
| Current assets | 29/58 | €5,268,553 | €5,492,498 | +€223,944 | +4.3% |
| Amounts receivable within one year | 40/41 | €267,821 | €459,996 | +€192,176 | +71.8% |
| Trade receivables | 40 | - | €27,783 | +€27,783 | |
| Other amounts receivable | 41 | €267,821 | €432,213 | +€164,393 | +61.4% |
| Current investments | 50/53 | €4,709,390 | €4,424,269 | -€285,121 | -6.1% |
| Cash at bank and in hand | 54/58 | €147,051 | €471,438 | +€324,388 | +221% |
| Deferred charges and accrued income | 490/1 | €144,292 | €136,794 | -€7,497 | -5.2% |
| Total equity and liabilities | 10/49 | €5,615,735 | €5,830,544 | +€214,809 | +3.8% |
| Equity | 10/15 | €4,912,233 | €5,105,167 | +€192,934 | +3.9% |
| Contributions | 10/11 | €62,000 | €61,000 | -€1,000 | -1.6% |
| Capital | 10 | €62,000 | €61,000 | -€1,000 | -1.6% |
| Issued capital | 100 | €62,000 | €61,000 | -€1,000 | -1.6% |
| Reserves | 13 | €4,850,233 | €5,044,167 | +€193,934 | +4.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,844,033 | €5,037,967 | +€193,934 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €703,503 | €725,377 | +€21,874 | +3.1% |
| Amounts payable within one year | 42/48 | €4,868 | €72,220 | +€67,352 | +1,384% |
| Trade debts | 44 | €1,373 | €0 | -€1,373 | -100% |
| Suppliers | 440/4 | €1,373 | €0 | -€1,373 | -100% |
| Taxes, remuneration and social security | 45 | €3,495 | €3,495 | = | 0.0% |
| Taxes | 450/3 | €3,495 | €3,495 | = | 0.0% |
| Other amounts payable | 47/48 | - | €68,725 | +€68,725 | |
| Accrued charges and deferred income | 492/3 | €698,635 | €653,157 | -€45,478 | -6.5% |
| Non-recurring operating income | 76A | - | €102,724 | +€102,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,518 | €13,088 | +€1,570 | +13.6% |
| Other operating charges | 640/8 | €8,151 | €8,163 | +€12 | +0.1% |
| Gross operating margin | 9900 | €38,116 | €115,810 | +€77,694 | +204% |
| Operating profit (loss) | 9901 | €18,447 | €94,559 | +€76,112 | +413% |
| Financial income | 75/76B | €376,422 | €259,325 | -€117,097 | -31.1% |
| Recurring financial income | 75 | €166,240 | €253,458 | +€87,218 | +52.5% |
| Non-recurring financial income | 76B | €210,182 | €5,867 | -€204,315 | -97.2% |
| Financial charges | 65/66B | €69,871 | €64,795 | -€5,076 | -7.3% |
| Recurring financial charges | 65 | €37,404 | €39,854 | +€2,450 | +6.5% |
| Non-recurring financial charges | 66B | €32,467 | €24,941 | -€7,526 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €324,998 | €289,089 | -€35,909 | -11.0% |
| Income taxes | 67/77 | €29,814 | €26,430 | -€3,383 | -11.3% |
| Profit (loss) for the period | 9904 | €295,184 | €262,659 | -€32,525 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €295,184 | €262,659 | -€32,525 | -11.0% |
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.