RUBA: 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.
RUBA
Largest movements
- Receivables within one year +€12,339
up €12,339 (+25.0%), from €49,343 to €61,682
of which Trade receivables: +€12,339
- Intangible fixed assets -€9,316
down €9,316 (-67.8%), from €13,741 to €4,425
- Deferred charges and accrued income +€2,362
up €2,362 (+7.6%), from €31,105 to €33,467
- Cash -€1,718
down €1,718 (-11.2%), from €15,271 to €13,553
mainly Net result for the year (-€14,924) and Receivables within one year (-€12,339)
- Other debts +€15,169
up €15,169 (+153.0%), from €9,912 to €25,081
- Reserves -€14,925
down €14,925 (-35.2%), from €42,424 to €27,499
- Tax, wage and social debts +€3,039
up €3,039 (+35.9%), from €8,453 to €11,492
of which Taxes: +€3,131
- Gross operating margin -€12,605
down €12,605 (-17.9%), from €70,323 to €57,718
- Taxes -€6,594
no longer reported in 2025 (was €6,594)
- Financial charges +€4,196
up €4,196 (+9.9%), from €42,256 to €46,452
of which Non-recurring financial charges: +€13,695
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 | €117,745 | €121,319 | +€3,574 | +3.0% |
| Fixed assets | 21/28 | €22,027 | €12,617 | -€9,410 | -42.7% |
| Intangible fixed assets | 21 | €13,741 | €4,425 | -€9,316 | -67.8% |
| Tangible fixed assets | 22/27 | €8,260 | €8,167 | -€93 | -1.1% |
| Land and buildings | 22 | €2,932 | €2,622 | -€310 | -10.6% |
| Plant, machinery and equipment | 23 | €947 | €746 | -€201 | -21.2% |
| Furniture and vehicles | 24 | €4,381 | €4,799 | +€418 | +9.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €95,719 | €108,702 | +€12,983 | +13.6% |
| Amounts receivable within one year | 40/41 | €49,343 | €61,682 | +€12,339 | +25.0% |
| Trade receivables | 40 | €38,486 | €50,825 | +€12,339 | +32.1% |
| Other amounts receivable | 41 | €10,857 | €10,857 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €15,271 | €13,553 | -€1,718 | -11.2% |
| Deferred charges and accrued income | 490/1 | €31,105 | €33,467 | +€2,362 | +7.6% |
| Total equity and liabilities | 10/49 | €117,745 | €121,319 | +€3,574 | +3.0% |
| Equity | 10/15 | €98,224 | €83,299 | -€14,925 | -15.2% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €42,424 | €27,499 | -€14,925 | -35.2% |
| Distributable reserves | 133 | €42,424 | €27,499 | -€14,925 | -35.2% |
| Amounts payable | 17/49 | €19,521 | €38,020 | +€18,499 | +94.8% |
| Amounts payable within one year | 42/48 | €19,521 | €38,020 | +€18,499 | +94.8% |
| Trade debts | 44 | €1,156 | €1,447 | +€291 | +25.2% |
| Suppliers | 440/4 | €1,156 | €1,447 | +€291 | +25.2% |
| Taxes, remuneration and social security | 45 | €8,453 | €11,492 | +€3,039 | +35.9% |
| Taxes | 450/3 | €8,361 | €11,492 | +€3,131 | +37.4% |
| Remuneration and social security | 454/9 | €92 | - | -€92 | |
| Other amounts payable | 47/48 | €9,912 | €25,081 | +€15,169 | +153.0% |
| Non-recurring operating income | 76A | €9,992 | - | -€9,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,653 | €11,903 | +€250 | +2.1% |
| Other operating charges | 640/8 | €62 | €524 | +€462 | +745.2% |
| Non-recurring operating charges | 66A | €5,550 | €13,776 | +€8,226 | +148.2% |
| Gross operating margin | 9900 | €70,323 | €57,718 | -€12,605 | -17.9% |
| Operating profit (loss) | 9901 | €53,057 | €31,515 | -€21,542 | -40.6% |
| Financial income | 75/76B | €308 | €13 | -€295 | -95.8% |
| Recurring financial income | 75 | €308 | €13 | -€295 | -95.8% |
| Financial charges | 65/66B | €42,256 | €46,452 | +€4,196 | +9.9% |
| Recurring financial charges | 65 | €42,256 | €32,757 | -€9,499 | -22.5% |
| Non-recurring financial charges | 66B | - | €13,695 | +€13,695 | |
| Profit (loss) for the period before taxes | 9903 | €11,109 | -€14,924 | -€26,033 | |
| Income taxes | 67/77 | €6,594 | - | -€6,594 | |
| Profit (loss) for the period | 9904 | €4,515 | -€14,924 | -€19,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,515 | -€14,924 | -€19,439 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.