RUBA RDS: 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.
RUBA RDS
Largest movements
- Receivables within one year -€39,590
down €39,590 (-42.0%), from €94,372 to €54,782
of which Trade receivables: -€40,023
- Cash +€25,799
up €25,799 (+31.4%), from €82,176 to €107,975
mainly Trade debts (+€52,730) and Receivables within one year (+€39,590)
- Tangible fixed assets -€21,076
down €21,076 (-12.9%), from €163,532 to €142,457
of which Furniture and vehicles: -€12,764
- Debts after one year -€76,470
down €76,470 (-46.6%), from €164,046 to €87,576
- Trade debts +€52,730
up €52,730 (+129.1%), from €40,849 to €93,579
- Other debts -€42,186
down €42,186 (-46.2%), from €91,359 to €49,174
- Profit (loss) carried forward +€23,760
new in 2025: €23,760
- Tax, wage and social debts +€9,575
up €9,575 (+52.5%), from €18,242 to €27,817
of which Taxes: +€11,915
- Gross operating margin +€115,955
up €115,955 (+81.1%), from €142,983 to €258,938
- Staff costs +€99,551
up €99,551 (+93.1%), from €106,966 to €206,516
- Financial charges -€4,026
down €4,026 (-38.3%), from €10,504 to €6,478
- Taxes +€3,909
new in 2025: €3,909
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 | €366,674 | €331,346 | -€35,328 | -9.6% |
| Formation expenses | 20 | €889 | €652 | -€237 | -26.7% |
| Fixed assets | 21/28 | €189,013 | €167,937 | -€21,076 | -11.2% |
| Tangible fixed assets | 22/27 | €163,532 | €142,457 | -€21,076 | -12.9% |
| Plant, machinery and equipment | 23 | €2,455 | €1,354 | -€1,100 | -44.8% |
| Furniture and vehicles | 24 | €102,750 | €89,986 | -€12,764 | -12.4% |
| Other tangible fixed assets | 26 | €58,328 | €51,117 | -€7,211 | -12.4% |
| Financial fixed assets | 28 | €25,480 | €25,480 | = | 0.0% |
| Current assets | 29/58 | €176,773 | €162,757 | -€14,016 | -7.9% |
| Amounts receivable within one year | 40/41 | €94,372 | €54,782 | -€39,590 | -42.0% |
| Trade receivables | 40 | €87,415 | €47,392 | -€40,023 | -45.8% |
| Other amounts receivable | 41 | €6,957 | €7,390 | +€434 | +6.2% |
| Cash at bank and in hand | 54/58 | €82,176 | €107,975 | +€25,799 | +31.4% |
| Deferred charges and accrued income | 490/1 | €225 | - | -€225 | |
| Total equity and liabilities | 10/49 | €366,674 | €331,346 | -€35,328 | -9.6% |
| Equity | 10/15 | €24,154 | €43,760 | +€19,606 | +81.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,154 | - | -€4,154 | |
| Distributable reserves | 133 | €4,154 | - | -€4,154 | |
| Profit (loss) carried forward | 14 | - | €23,760 | +€23,760 | |
| Amounts payable | 17/49 | €342,520 | €287,586 | -€54,934 | -16.0% |
| Amounts payable after more than one year | 17 | €164,046 | €87,576 | -€76,470 | -46.6% |
| Financial debts | 170/4 | €164,046 | €87,576 | -€76,470 | -46.6% |
| Amounts payable within one year | 42/48 | €178,475 | €200,010 | +€21,535 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €28,024 | €29,440 | +€1,415 | +5.1% |
| Trade debts | 44 | €40,849 | €93,579 | +€52,730 | +129.1% |
| Suppliers | 440/4 | €40,849 | €93,579 | +€52,730 | +129.1% |
| Taxes, remuneration and social security | 45 | €18,242 | €27,817 | +€9,575 | +52.5% |
| Taxes | 450/3 | €5,132 | €17,047 | +€11,915 | +232.2% |
| Remuneration and social security | 454/9 | €13,110 | €10,770 | -€2,339 | -17.8% |
| Other amounts payable | 47/48 | €91,359 | €49,174 | -€42,186 | -46.2% |
| Remuneration, social security and pensions | 62 | €106,966 | €206,516 | +€99,551 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,005 | €22,552 | +€2,547 | +12.7% |
| Other operating charges | 640/8 | €1,355 | €44 | -€1,312 | -96.8% |
| Gross operating margin | 9900 | €142,983 | €258,938 | +€115,955 | +81.1% |
| Operating profit (loss) | 9901 | €14,658 | €29,827 | +€15,169 | +103.5% |
| Financial income | 75/76B | €0 | €166 | +€166 | +276250.0% |
| Recurring financial income | 75 | €0 | €166 | +€166 | +276250.0% |
| Financial charges | 65/66B | €10,504 | €6,478 | -€4,026 | -38.3% |
| Recurring financial charges | 65 | €10,504 | €6,478 | -€4,026 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €4,154 | €23,515 | +€19,361 | +466.1% |
| Income taxes | 67/77 | - | €3,909 | +€3,909 | |
| Profit (loss) for the period | 9904 | €4,154 | €19,606 | +€15,452 | +372.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,154 | €19,606 | +€15,452 | +372.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.