RUBAM: 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.
RUBAM
Largest movements
- Receivables within one year +€35,028
new in 2025: €35,028
of which Trade receivables: +€27,528
- Cash -€9,677
down €9,677 (-3.6%), from €268,584 to €258,907
mainly Tax, wage and social debts (-€42,573) and Receivables within one year (-€35,028)
- Reserves +€57,639
up €57,639 (+28.7%), from €200,897 to €258,537
- Tax, wage and social debts -€42,573
down €42,573 (-67.0%), from €63,574 to €21,002
- Other debts +€10,723
up €10,723 (+276%), from €3,885 to €14,609
- Gross operating margin -€96,894
down €96,894 (-56.2%), from €172,269 to €75,376
- Taxes -€22,707
down €22,707 (-58.6%), from €38,765 to €16,057
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 | €271,835 | €297,786 | +€25,951 | +9.5% |
| Fixed assets | 21/28 | €2,896 | €3,477 | +€581 | +20.1% |
| Tangible fixed assets | 22/27 | €2,896 | €3,477 | +€581 | +20.1% |
| Furniture and vehicles | 24 | - | €901 | +€901 | |
| Other tangible fixed assets | 26 | €2,896 | €2,576 | -€320 | -11.0% |
| Current assets | 29/58 | €268,939 | €294,309 | +€25,370 | +9.4% |
| Amounts receivable within one year | 40/41 | - | €35,028 | +€35,028 | |
| Trade receivables | 40 | - | €27,528 | +€27,528 | |
| Other amounts receivable | 41 | - | €7,500 | +€7,500 | |
| Cash at bank and in hand | 54/58 | €268,584 | €258,907 | -€9,677 | -3.6% |
| Deferred charges and accrued income | 490/1 | €355 | €374 | +€19 | +5.5% |
| Total equity and liabilities | 10/49 | €271,835 | €297,786 | +€25,951 | +9.5% |
| Equity | 10/15 | €201,397 | €259,037 | +€57,639 | +28.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €200,897 | €258,537 | +€57,639 | +28.7% |
| Distributable reserves | 133 | €200,897 | €258,537 | +€57,639 | +28.7% |
| Amounts payable | 17/49 | €70,437 | €38,749 | -€31,688 | -45.0% |
| Amounts payable within one year | 42/48 | €68,120 | €36,504 | -€31,616 | -46.4% |
| Trade debts | 44 | €660 | €894 | +€233 | +35.4% |
| Suppliers | 440/4 | €660 | €894 | +€233 | +35.4% |
| Taxes, remuneration and social security | 45 | €63,574 | €21,002 | -€42,573 | -67.0% |
| Taxes | 450/3 | €63,574 | €21,002 | -€42,573 | -67.0% |
| Other amounts payable | 47/48 | €3,885 | €14,609 | +€10,723 | +276% |
| Accrued charges and deferred income | 492/3 | €2,318 | €2,245 | -€72 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €422 | +€142 | +50.5% |
| Other operating charges | 640/8 | €237 | €186 | -€51 | -21.6% |
| Gross operating margin | 9900 | €172,269 | €75,376 | -€96,894 | -56.2% |
| Operating profit (loss) | 9901 | €171,752 | €74,768 | -€96,984 | -56.5% |
| Financial charges | 65/66B | €1,154 | €1,072 | -€82 | -7.1% |
| Recurring financial charges | 65 | €1,154 | €1,072 | -€82 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €170,599 | €73,697 | -€96,902 | -56.8% |
| Income taxes | 67/77 | €38,765 | €16,057 | -€22,707 | -58.6% |
| Profit (loss) for the period | 9904 | €131,834 | €57,639 | -€74,195 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,834 | €57,639 | -€74,195 | -56.3% |
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 13 October 2026 via checked.be.