RUB E CUB: 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.
RUB E CUB
Largest movements
- Receivables within one year +€35,002
up €35,002 (+32.4%), from €107,911 to €142,913
of which Other amounts receivable: +€24,591
- Current investments -€6,398
down €6,398 (-27.6%), from €23,170 to €16,772
- Cash +€4,321
up €4,321 (+156.4%), from €2,764 to €7,085
mainly Net result for the year (+€40,786) and Current investments (+€6,398)
- Reserves +€40,786
up €40,786 (+56.9%), from €71,623 to €112,410
of which Distributable reserves: +€40,786
- Current portion of long-term debt -€5,458
down €5,458 (-39.8%), from €13,698 to €8,240
- Staff costs +€10,199
up €10,199 (+28.3%), from €36,101 to €46,299
- Depreciation -€9,994
down €9,994 (-71.3%), from €14,011 to €4,017
- Gross operating margin -€8,367
down €8,367 (-7.0%), from €119,650 to €111,283
- Other operating charges +€3,845
up €3,845 (+152.1%), from €2,528 to €6,373
- Financial income +€3,826
up €3,826 (+755.8%), from €506 to €4,333
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.
Cash bridge derived
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 | €146,115 | €178,660 | +€32,545 | +22.3% |
| Fixed assets | 21/28 | €7,877 | €7,009 | -€868 | -11.0% |
| Tangible fixed assets | 22/27 | €7,877 | €7,009 | -€868 | -11.0% |
| Land and buildings | 22 | €386 | - | -€386 | |
| Furniture and vehicles | 24 | €7,491 | €7,009 | -€482 | -6.4% |
| Current assets | 29/58 | €138,237 | €171,650 | +€33,413 | +24.2% |
| Amounts receivable within one year | 40/41 | €107,911 | €142,913 | +€35,002 | +32.4% |
| Trade receivables | 40 | €51,619 | €62,031 | +€10,411 | +20.2% |
| Other amounts receivable | 41 | €56,292 | €80,883 | +€24,591 | +43.7% |
| Current investments | 50/53 | €23,170 | €16,772 | -€6,398 | -27.6% |
| Cash at bank and in hand | 54/58 | €2,764 | €7,085 | +€4,321 | +156.4% |
| Deferred charges and accrued income | 490/1 | €4,393 | €4,880 | +€488 | +11.1% |
| Total equity and liabilities | 10/49 | €146,115 | €178,660 | +€32,545 | +22.3% |
| Equity | 10/15 | €76,276 | €116,229 | +€39,953 | +52.4% |
| Contributions | 10/11 | €3,803 | €3,803 | = | 0.0% |
| Reserves | 13 | €71,623 | €112,410 | +€40,786 | +56.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,763 | €110,550 | +€40,786 | +58.5% |
| Profit (loss) carried forward | 14 | €850 | €17 | -€833 | -98.1% |
| Amounts payable | 17/49 | €69,838 | €62,430 | -€7,408 | -10.6% |
| Amounts payable after more than one year | 17 | €1,203 | - | -€1,203 | |
| Financial debts | 170/4 | €1,203 | - | -€1,203 | |
| Amounts payable within one year | 42/48 | €68,635 | €62,430 | -€6,205 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €13,698 | €8,240 | -€5,458 | -39.8% |
| Trade debts | 44 | €12,276 | €13,096 | +€821 | +6.7% |
| Suppliers | 440/4 | €12,276 | €13,096 | +€821 | +6.7% |
| Taxes, remuneration and social security | 45 | €42,079 | €40,511 | -€1,568 | -3.7% |
| Taxes | 450/3 | €33,052 | €29,589 | -€3,463 | -10.5% |
| Remuneration and social security | 454/9 | €9,027 | €10,922 | +€1,895 | +21.0% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,101 | €46,299 | +€10,199 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,011 | €4,017 | -€9,994 | -71.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,086 | - | -€1,086 | |
| Other operating charges | 640/8 | €2,528 | €6,373 | +€3,845 | +152.1% |
| Gross operating margin | 9900 | €119,650 | €111,283 | -€8,367 | -7.0% |
| Operating profit (loss) | 9901 | €65,924 | €54,593 | -€11,331 | -17.2% |
| Financial income | 75/76B | €506 | €4,333 | +€3,826 | +755.8% |
| Recurring financial income | 75 | €506 | €4,333 | +€3,826 | +755.8% |
| Financial charges | 65/66B | €1,354 | €875 | -€479 | -35.4% |
| Recurring financial charges | 65 | €1,354 | €875 | -€479 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €65,077 | €58,051 | -€7,026 | -10.8% |
| Income taxes | 67/77 | €19,680 | €17,265 | -€2,415 | -12.3% |
| Profit (loss) for the period | 9904 | €45,397 | €40,786 | -€4,610 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,397 | €40,786 | -€4,610 | -10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.