RUBAHA: 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.
RUBAHA
Largest movements
- Receivables within one year -€6,499
down €6,499 (-35.3%), from €18,435 to €11,936
of which Trade receivables: -€9,276
- Intangible fixed assets -€4,500
down €4,500 (-45.0%), from €10,000 to €5,500
- Cash -€1,700
down €1,700 (-46.8%), from €3,633 to €1,933
mainly Trade debts (-€11,641) and Other debts (-€3,000)
- Tangible fixed assets -€354
no longer reported in 2025 (was €354)
- Trade debts -€11,641
down €11,641 (-57.7%), from €20,171 to €8,530
- Other debts -€3,000
down €3,000 (-33.1%), from €9,074 to €6,074
- Profit (loss) carried forward +€2,503
up €2,503 (+16.1%), from -€15,503 to -€13,000
- Tax, wage and social debts -€749
down €749 (-7.5%), from €9,957 to €9,209
of which Taxes: -€2,157
- Gross operating margin +€4,840
up €4,840 (+151.8%), from €3,189 to €8,029
- Depreciation -€146
down €146 (-2.9%), from €5,000 to €4,854
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 | €34,560 | €21,674 | -€12,886 | -37.3% |
| Fixed assets | 21/28 | €10,854 | €6,000 | -€4,854 | -44.7% |
| Intangible fixed assets | 21 | €10,000 | €5,500 | -€4,500 | -45.0% |
| Tangible fixed assets | 22/27 | €354 | - | -€354 | |
| Other tangible fixed assets | 26 | €354 | - | -€354 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €23,706 | €15,674 | -€8,032 | -33.9% |
| Stocks and contracts in progress | 3 | €1,638 | €1,805 | +€167 | +10.2% |
| Stocks | 30/36 | €1,638 | €1,805 | +€167 | +10.2% |
| Amounts receivable within one year | 40/41 | €18,435 | €11,936 | -€6,499 | -35.3% |
| Trade receivables | 40 | €18,435 | €9,159 | -€9,276 | -50.3% |
| Other amounts receivable | 41 | - | €2,777 | +€2,777 | |
| Cash at bank and in hand | 54/58 | €3,633 | €1,933 | -€1,700 | -46.8% |
| Total equity and liabilities | 10/49 | €34,560 | €21,674 | -€12,886 | -37.3% |
| Equity | 10/15 | -€4,643 | -€2,140 | +€2,503 | +53.9% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €660 | €660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €660 | €660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €660 | €660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,503 | -€13,000 | +€2,503 | +16.1% |
| Amounts payable | 17/49 | €39,203 | €23,813 | -€15,389 | -39.3% |
| Amounts payable within one year | 42/48 | €39,203 | €23,813 | -€15,389 | -39.3% |
| Trade debts | 44 | €20,171 | €8,530 | -€11,641 | -57.7% |
| Suppliers | 440/4 | €20,171 | €8,530 | -€11,641 | -57.7% |
| Taxes, remuneration and social security | 45 | €9,957 | €9,209 | -€749 | -7.5% |
| Taxes | 450/3 | €2,157 | - | -€2,157 | |
| Remuneration and social security | 454/9 | €7,801 | €9,209 | +€1,408 | +18.1% |
| Other amounts payable | 47/48 | €9,074 | €6,074 | -€3,000 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €4,854 | -€146 | -2.9% |
| Other operating charges | 640/8 | €207 | €229 | +€21 | +10.4% |
| Gross operating margin | 9900 | €3,189 | €8,029 | +€4,840 | +151.8% |
| Operating profit (loss) | 9901 | -€2,018 | €2,946 | +€4,964 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -52.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -52.4% |
| Financial charges | 65/66B | €513 | €443 | -€70 | -13.6% |
| Recurring financial charges | 65 | €513 | €443 | -€70 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | €2,503 | +€5,034 | |
| Profit (loss) for the period | 9904 | -€2,531 | €2,503 | +€5,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | €2,503 | +€5,034 |
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 12 October 2026 via checked.be.