RUBCO ENGINEERING: 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.
RUBCO ENGINEERING
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Cash +€51,116
up €51,116 (+79.7%), from €64,133 to €115,248
mainly Current investments (+€70,000) and Net result for the year (+€61,003)
- Tangible fixed assets -€3,517
down €3,517 (-44.3%), from €7,931 to €4,414
of which Furniture and vehicles: -€1,933
- Reserves -€65,648
down €65,648 (-51.8%), from €126,651 to €61,003
- Other debts +€60,366
up €60,366 (+432421.8%), from €14 to €60,380
- Tax, wage and social debts -€12,780
down €12,780 (-43.6%), from €29,328 to €16,548
of which Taxes: -€9,577
- Trade debts -€3,091
down €3,091 (-64.2%), from €4,813 to €1,722
- Gross operating margin +€8,934
up €8,934 (+11.7%), from €76,597 to €85,531
- Financial charges +€3,080
up €3,080 (+145.0%), from €2,125 to €5,205
- Taxes +€1,473
up €1,473 (+9.7%), from €15,108 to €16,581
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 | €166,805 | €145,652 | -€21,153 | -12.7% |
| Fixed assets | 21/28 | €7,931 | €4,414 | -€3,517 | -44.3% |
| Tangible fixed assets | 22/27 | €7,931 | €4,414 | -€3,517 | -44.3% |
| Plant, machinery and equipment | 23 | €2,540 | €957 | -€1,584 | -62.3% |
| Furniture and vehicles | 24 | €5,391 | €3,457 | -€1,933 | -35.9% |
| Current assets | 29/58 | €158,874 | €141,238 | -€17,636 | -11.1% |
| Amounts receivable within one year | 40/41 | €21,256 | €22,452 | +€1,196 | +5.6% |
| Trade receivables | 40 | €21,256 | €22,452 | +€1,196 | +5.6% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €64,133 | €115,248 | +€51,116 | +79.7% |
| Deferred charges and accrued income | 490/1 | €3,485 | €3,538 | +€53 | +1.5% |
| Total equity and liabilities | 10/49 | €166,805 | €145,652 | -€21,153 | -12.7% |
| Equity | 10/15 | €132,651 | €67,003 | -€65,648 | -49.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €126,651 | €61,003 | -€65,648 | -51.8% |
| Distributable reserves | 133 | €126,651 | €61,003 | -€65,648 | -51.8% |
| Amounts payable | 17/49 | €34,155 | €78,649 | +€44,495 | +130.3% |
| Amounts payable within one year | 42/48 | €34,155 | €78,649 | +€44,495 | +130.3% |
| Trade debts | 44 | €4,813 | €1,722 | -€3,091 | -64.2% |
| Suppliers | 440/4 | €4,813 | €1,722 | -€3,091 | -64.2% |
| Taxes, remuneration and social security | 45 | €29,328 | €16,548 | -€12,780 | -43.6% |
| Taxes | 450/3 | €26,125 | €16,548 | -€9,577 | -36.7% |
| Remuneration and social security | 454/9 | €3,203 | - | -€3,203 | |
| Other amounts payable | 47/48 | €14 | €60,380 | +€60,366 | +432421.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,004 | €3,517 | +€513 | +17.1% |
| Other operating charges | 640/8 | €362 | €825 | +€462 | +127.6% |
| Gross operating margin | 9900 | €76,597 | €85,531 | +€8,934 | +11.7% |
| Operating profit (loss) | 9901 | €73,231 | €81,189 | +€7,959 | +10.9% |
| Financial income | 75/76B | €896 | €1,599 | +€703 | +78.4% |
| Recurring financial income | 75 | €896 | €1,599 | +€703 | +78.4% |
| Financial charges | 65/66B | €2,125 | €5,205 | +€3,080 | +145.0% |
| Recurring financial charges | 65 | €2,125 | €5,205 | +€3,080 | +145.0% |
| Profit (loss) for the period before taxes | 9903 | €72,002 | €77,584 | +€5,582 | +7.8% |
| Income taxes | 67/77 | €15,108 | €16,581 | +€1,473 | +9.7% |
| Profit (loss) for the period | 9904 | €56,894 | €61,003 | +€4,109 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,894 | €61,003 | +€4,109 | +7.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.