RUBBENS & Co.: 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.
RUBBENS & Co.
Largest movements
- Cash -€12,705
down €12,705 (-78.2%), from €16,238 to €3,534
mainly Trade debts (-€32,955) and Current portion of long-term debt (-€16,074)
- Receivables within one year -€7,263
down €7,263 (-7.6%), from €95,439 to €88,175
of which Other amounts receivable: -€5,262
- Deferred charges and accrued income -€2,715
no longer reported in 2025 (was €2,715)
- Tangible fixed assets -€2,600
down €2,600 (-54.1%), from €4,808 to €2,208
- Stocks and contracts -€1,841
down €1,841 (-8.0%), from €23,007 to €21,166
- Trade debts -€32,955
down €32,955 (-56.8%), from €58,066 to €25,111
- Current portion of long-term debt -€16,074
down €16,074 (-72.3%), from €22,241 to €6,167
- Tax, wage and social debts +€14,729
up €14,729 (+139%), from €10,624 to €25,353
of which Taxes: +€8,520
- Reserves +€10,992
up €10,992 (+141%), from €7,798 to €18,791
- Debts after one year -€6,167
down €6,167 (-79.6%), from €7,752 to €1,585
- Gross operating margin +€20,200
up €20,200 (+36.5%), from €55,396 to €75,596
- Financial income -€14,240
down €14,240 (-99.7%), from €14,289 to €49
- Other operating charges -€7,989
down €7,989 (-74.1%), from €10,783 to €2,794
- Staff costs +€3,447
up €3,447 (+8.1%), from €42,764 to €46,211
- Taxes +€3,419
up €3,419 (+67.4%), from €5,076 to €8,494
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 | €142,207 | €115,083 | -€27,124 | -19.1% |
| Fixed assets | 21/28 | €4,808 | €2,208 | -€2,600 | -54.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,808 | €2,208 | -€2,600 | -54.1% |
| Plant, machinery and equipment | 23 | €1,830 | €1,199 | -€630 | -34.5% |
| Furniture and vehicles | 24 | €1,950 | €769 | -€1,181 | -60.6% |
| Other tangible fixed assets | 26 | €1,029 | €240 | -€789 | -76.7% |
| Current assets | 29/58 | €137,399 | €112,875 | -€24,524 | -17.8% |
| Stocks and contracts in progress | 3 | €23,007 | €21,166 | -€1,841 | -8.0% |
| Stocks | 30/36 | €23,007 | €21,166 | -€1,841 | -8.0% |
| Amounts receivable within one year | 40/41 | €95,439 | €88,175 | -€7,263 | -7.6% |
| Trade receivables | 40 | €31,729 | €29,727 | -€2,002 | -6.3% |
| Other amounts receivable | 41 | €63,710 | €58,448 | -€5,262 | -8.3% |
| Cash at bank and in hand | 54/58 | €16,238 | €3,534 | -€12,705 | -78.2% |
| Deferred charges and accrued income | 490/1 | €2,715 | - | -€2,715 | |
| Total equity and liabilities | 10/49 | €142,207 | €115,083 | -€27,124 | -19.1% |
| Equity | 10/15 | €26,398 | €37,391 | +€10,992 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,798 | €18,791 | +€10,992 | +141% |
| Distributable reserves | 133 | €7,798 | €18,791 | +€10,992 | +141% |
| Amounts payable | 17/49 | €115,809 | €77,692 | -€38,116 | -32.9% |
| Amounts payable after more than one year | 17 | €7,752 | €1,585 | -€6,167 | -79.6% |
| Financial debts | 170/4 | €7,752 | €1,585 | -€6,167 | -79.6% |
| Amounts payable within one year | 42/48 | €108,057 | €76,107 | -€31,950 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €22,241 | €6,167 | -€16,074 | -72.3% |
| Financial debts | 43 | €17,126 | €19,476 | +€2,350 | +13.7% |
| Credit institutions | 430/8 | €17,126 | €19,476 | +€2,350 | +13.7% |
| Trade debts | 44 | €58,066 | €25,111 | -€32,955 | -56.8% |
| Suppliers | 440/4 | €58,066 | €25,111 | -€32,955 | -56.8% |
| Taxes, remuneration and social security | 45 | €10,624 | €25,353 | +€14,729 | +139% |
| Taxes | 450/3 | €5,004 | €13,524 | +€8,520 | +170% |
| Remuneration and social security | 454/9 | €5,620 | €11,829 | +€6,209 | +110% |
| Non-recurring operating income | 76A | €1,722 | €984 | -€738 | -42.9% |
| Remuneration, social security and pensions | 62 | €42,764 | €46,211 | +€3,447 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €2,584 | +€49 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €582 | - | -€582 | |
| Other operating charges | 640/8 | €10,783 | €2,794 | -€7,989 | -74.1% |
| Gross operating margin | 9900 | €55,396 | €75,596 | +€20,200 | +36.5% |
| Operating profit (loss) | 9901 | -€1,269 | €24,006 | +€25,275 | |
| Financial income | 75/76B | €14,289 | €49 | -€14,240 | -99.7% |
| Recurring financial income | 75 | €14,289 | €49 | -€14,240 | -99.7% |
| Financial charges | 65/66B | €7,607 | €4,569 | -€3,039 | -39.9% |
| Recurring financial charges | 65 | €7,607 | €4,569 | -€3,039 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €5,413 | €19,487 | +€14,073 | +260% |
| Income taxes | 67/77 | €5,076 | €8,494 | +€3,419 | +67.4% |
| Profit (loss) for the period | 9904 | €338 | €10,992 | +€10,655 | +3,153% |
| Profit (loss) for the period to be appropriated | 9905 | €338 | €10,992 | +€10,655 | +3,153% |
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 29 October 2026 via checked.be.