Rubbicon Services: 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.
Rubbicon Services
Largest movements
- Cash +€300,597
up €300,597 (+171.4%), from €175,388 to €475,984
mainly Other debts (+€299,278) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€12,920
down €12,920 (-43.7%), from €29,554 to €16,634
- Other debts +€299,278
up €299,278 (+2442.4%), from €12,254 to €311,531
- Profit (loss) carried forward -€234,044
down €234,044 (-63.3%), from €369,484 to €135,441
- Tax, wage and social debts +€18,571
up €18,571 (+45.7%), from €40,673 to €59,245
- Gross operating margin -€21,435
down €21,435 (-11.3%), from €189,902 to €168,467
- Depreciation -€19,793
down €19,793 (-60.5%), from €32,713 to €12,920
- Financial income +€6,698
up €6,698 (+1240325.9%), from €1 to €6,698
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 | €429,109 | €517,727 | +€88,617 | +20.7% |
| Fixed assets | 21/28 | €29,554 | €16,634 | -€12,920 | -43.7% |
| Tangible fixed assets | 22/27 | €29,554 | €16,634 | -€12,920 | -43.7% |
| Furniture and vehicles | 24 | €29,554 | €16,634 | -€12,920 | -43.7% |
| Current assets | 29/58 | €399,556 | €501,093 | +€101,537 | +25.4% |
| Amounts receivable within one year | 40/41 | €23,936 | €23,951 | +€14 | +0.1% |
| Trade receivables | 40 | €23,936 | €22,710 | -€1,226 | -5.1% |
| Other amounts receivable | 41 | - | €1,240 | +€1,240 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €175,388 | €475,984 | +€300,597 | +171.4% |
| Deferred charges and accrued income | 490/1 | €232 | €1,158 | +€926 | +399.6% |
| Total equity and liabilities | 10/49 | €429,109 | €517,727 | +€88,617 | +20.7% |
| Equity | 10/15 | €374,484 | €140,441 | -€234,044 | -62.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,484 | €135,441 | -€234,044 | -63.3% |
| Amounts payable | 17/49 | €54,625 | €377,286 | +€322,661 | +590.7% |
| Amounts payable within one year | 42/48 | €54,625 | €377,286 | +€322,661 | +590.7% |
| Trade debts | 44 | €1,698 | €6,510 | +€4,812 | +283.4% |
| Suppliers | 440/4 | €1,698 | €6,510 | +€4,812 | +283.4% |
| Taxes, remuneration and social security | 45 | €40,673 | €59,245 | +€18,571 | +45.7% |
| Taxes | 450/3 | €40,673 | €59,245 | +€18,571 | +45.7% |
| Other amounts payable | 47/48 | €12,254 | €311,531 | +€299,278 | +2442.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,713 | €12,920 | -€19,793 | -60.5% |
| Other operating charges | 640/8 | €421 | €497 | +€76 | +18.0% |
| Gross operating margin | 9900 | €189,902 | €168,467 | -€21,435 | -11.3% |
| Operating profit (loss) | 9901 | €156,769 | €155,051 | -€1,718 | -1.1% |
| Financial income | 75/76B | €1 | €6,698 | +€6,698 | +1240325.9% |
| Recurring financial income | 75 | €1 | €6,698 | +€6,698 | +1240325.9% |
| Financial charges | 65/66B | €14 | €23 | +€10 | +69.1% |
| Recurring financial charges | 65 | €14 | €23 | +€10 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €156,755 | €161,726 | +€4,970 | +3.2% |
| Income taxes | 67/77 | €34,539 | €35,769 | +€1,230 | +3.6% |
| Profit (loss) for the period | 9904 | €122,216 | €125,956 | +€3,741 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,216 | €125,956 | +€3,741 | +3.1% |
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 11 October 2026 via checked.be.