Rubannah: 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.
Rubannah
Largest movements
- Deferred charges and accrued income +€13,466
new in 2025: €13,466
- Cash +€9,683
up €9,683 (+14.2%), from €68,384 to €78,067
mainly Net result for the year (+€64,832) and Trade debts (+€15,112)
- Tangible fixed assets -€4,314
down €4,314 (-23.9%), from €18,063 to €13,749
- Trade debts +€15,112
up €15,112 (+79663.0%), from €19 to €15,131
- Other debts +€4,947
up €4,947 (+4.9%), from €100,013 to €104,960
- Tax, wage and social debts -€1,750
down €1,750 (-17.3%), from €10,118 to €8,368
- Taxes +€2,756
up €2,756 (+17.6%), from €15,694 to €18,450
- Gross operating margin +€1,508
up €1,508 (+1.7%), from €86,429 to €87,937
- Financial income -€923
down €923 (-75.0%), from €1,231 to €308
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 | €133,247 | €151,437 | +€18,190 | +13.7% |
| Fixed assets | 21/28 | €18,063 | €13,749 | -€4,314 | -23.9% |
| Tangible fixed assets | 22/27 | €18,063 | €13,749 | -€4,314 | -23.9% |
| Furniture and vehicles | 24 | €18,063 | €13,749 | -€4,314 | -23.9% |
| Current assets | 29/58 | €115,184 | €137,689 | +€22,505 | +19.5% |
| Amounts receivable within one year | 40/41 | €46,801 | €46,156 | -€645 | -1.4% |
| Trade receivables | 40 | €13,101 | €16,156 | +€3,055 | +23.3% |
| Other amounts receivable | 41 | €33,700 | €30,000 | -€3,700 | -11.0% |
| Cash at bank and in hand | 54/58 | €68,384 | €78,067 | +€9,683 | +14.2% |
| Deferred charges and accrued income | 490/1 | - | €13,466 | +€13,466 | |
| Total equity and liabilities | 10/49 | €133,247 | €151,437 | +€18,190 | +13.7% |
| Equity | 10/15 | €22,247 | €22,078 | -€168 | -0.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,697 | €3,528 | -€168 | -4.6% |
| Amounts payable | 17/49 | €111,000 | €129,359 | +€18,359 | +16.5% |
| Amounts payable within one year | 42/48 | €110,150 | €128,459 | +€18,309 | +16.6% |
| Trade debts | 44 | €19 | €15,131 | +€15,112 | +79663.0% |
| Suppliers | 440/4 | €19 | €15,131 | +€15,112 | +79663.0% |
| Taxes, remuneration and social security | 45 | €10,118 | €8,368 | -€1,750 | -17.3% |
| Taxes | 450/3 | €10,118 | €8,368 | -€1,750 | -17.3% |
| Other amounts payable | 47/48 | €100,013 | €104,960 | +€4,947 | +4.9% |
| Accrued charges and deferred income | 492/3 | €850 | €900 | +€50 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,930 | €4,314 | +€385 | +9.8% |
| Other operating charges | 640/8 | €505 | €595 | +€90 | +17.8% |
| Gross operating margin | 9900 | €86,429 | €87,937 | +€1,508 | +1.7% |
| Operating profit (loss) | 9901 | €81,994 | €83,027 | +€1,033 | +1.3% |
| Financial income | 75/76B | €1,231 | €308 | -€923 | -75.0% |
| Recurring financial income | 75 | €1,231 | €308 | -€923 | -75.0% |
| Financial charges | 65/66B | €36 | €53 | +€18 | +49.1% |
| Recurring financial charges | 65 | €36 | €53 | +€18 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €83,189 | €83,282 | +€92 | +0.1% |
| Income taxes | 67/77 | €15,694 | €18,450 | +€2,756 | +17.6% |
| Profit (loss) for the period | 9904 | €67,496 | €64,832 | -€2,664 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,496 | €64,832 | -€2,664 | -3.9% |
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 3 October 2026 via checked.be.