RUBEC PRODUCTS: 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.
RUBEC PRODUCTS
Largest movements
- Receivables within one year -€413,103
down €413,103 (-99.9%), from €413,704 to €601
of which Other amounts receivable: -€268,883
- Current investments -€387,677
down €387,677 (-26.7%), from €1.5m to €1.1m
- Intangible fixed assets -€41,658
down €41,658 (-33.3%), from €124,975 to €83,317
- Cash +€40,012
up €40,012 (+10.4%), from €385,946 to €425,958
mainly Receivables within one year (+€413,103) and Current investments (+€387,677)
- Other debts -€972,244
down €972,244 (-90.8%), from €1.1m to €98,542
- Reserves +€296,025
up €296,025 (+22.2%), from €1.3m to €1.6m
of which Distributable reserves: +€296,025
- Tax, wage and social debts -€60,081
down €60,081 (-69.0%), from €87,028 to €26,947
- Debts after one year -€36,395
down €36,395 (-21.8%), from €166,778 to €130,382
- Financial income +€398,545
up €398,545 (+837%), from €47,606 to €446,152
of which Non-recurring financial income: +€299,277
- Taxes +€90,530
up €90,530 (+192%), from €47,036 to €137,566
- Gross operating margin -€63,455
down €63,455 (-30.7%), from €206,785 to €143,330
- Staff costs +€25,710
up €25,710, from -€24,444 to €1,266
- Depreciation +€21,205
up €21,205 (+25.1%), from €84,488 to €105,693
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 | €2,735,041 | €1,956,201 | -€778,840 | -28.5% |
| Fixed assets | 21/28 | €470,204 | €451,334 | -€18,870 | -4.0% |
| Intangible fixed assets | 21 | €124,975 | €83,317 | -€41,658 | -33.3% |
| Tangible fixed assets | 22/27 | €344,694 | €367,483 | +€22,788 | +6.6% |
| Land and buildings | 22 | €191,133 | €186,204 | -€4,929 | -2.6% |
| Plant, machinery and equipment | 23 | €272 | €155 | -€118 | -43.2% |
| Furniture and vehicles | 24 | €66,227 | €115,854 | +€49,627 | +74.9% |
| Leasing and similar rights | 25 | €84,812 | €64,146 | -€20,667 | -24.4% |
| Other tangible fixed assets | 26 | €2,250 | €1,125 | -€1,125 | -50.0% |
| Financial fixed assets | 28 | €534 | €534 | = | 0.0% |
| Current assets | 29/58 | €2,264,837 | €1,504,867 | -€759,970 | -33.6% |
| Amounts receivable within one year | 40/41 | €413,704 | €601 | -€413,103 | -99.9% |
| Trade receivables | 40 | €144,220 | €0 | -€144,220 | -100% |
| Other amounts receivable | 41 | €269,484 | €601 | -€268,883 | -99.8% |
| Current investments | 50/53 | €1,452,677 | €1,065,000 | -€387,677 | -26.7% |
| Cash at bank and in hand | 54/58 | €385,946 | €425,958 | +€40,012 | +10.4% |
| Deferred charges and accrued income | 490/1 | €12,510 | €13,309 | +€798 | +6.4% |
| Total equity and liabilities | 10/49 | €2,735,041 | €1,956,201 | -€778,840 | -28.5% |
| Equity | 10/15 | €1,351,444 | €1,647,469 | +€296,025 | +21.9% |
| Contributions | 10/11 | €16,550 | €16,550 | = | 0.0% |
| Reserves | 13 | €1,334,894 | €1,630,919 | +€296,025 | +22.2% |
| Tax-exempt reserves | 132 | €16,691 | €16,691 | = | 0.0% |
| Distributable reserves | 133 | €1,318,203 | €1,614,229 | +€296,025 | +22.5% |
| Amounts payable | 17/49 | €1,383,598 | €308,732 | -€1.1m | -77.7% |
| Amounts payable after more than one year | 17 | €166,778 | €130,382 | -€36,395 | -21.8% |
| Financial debts | 170/4 | €166,778 | €130,382 | -€36,395 | -21.8% |
| Amounts payable within one year | 42/48 | €1,216,820 | €178,350 | -€1.0m | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €48,791 | €39,766 | -€9,024 | -18.5% |
| Trade debts | 44 | €10,216 | €13,094 | +€2,878 | +28.2% |
| Suppliers | 440/4 | €10,216 | €13,094 | +€2,878 | +28.2% |
| Taxes, remuneration and social security | 45 | €87,028 | €26,947 | -€60,081 | -69.0% |
| Taxes | 450/3 | €87,028 | €26,947 | -€60,081 | -69.0% |
| Other amounts payable | 47/48 | €1,070,786 | €98,542 | -€972,244 | -90.8% |
| Non-recurring operating income | 76A | €46,468 | €23,778 | -€22,690 | -48.8% |
| Remuneration, social security and pensions | 62 | -€24,444 | €1,266 | +€25,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,488 | €105,693 | +€21,205 | +25.1% |
| Other operating charges | 640/8 | €12,496 | €13,257 | +€761 | +6.1% |
| Non-recurring operating charges | 66A | €34,444 | €22,201 | -€12,243 | -35.5% |
| Gross operating margin | 9900 | €206,785 | €143,330 | -€63,455 | -30.7% |
| Operating profit (loss) | 9901 | €99,801 | €913 | -€98,888 | -99.1% |
| Financial income | 75/76B | €47,606 | €446,152 | +€398,545 | +837% |
| Recurring financial income | 75 | €46,774 | €146,042 | +€99,268 | +212% |
| Non-recurring financial income | 76B | €833 | €300,110 | +€299,277 | +35,939% |
| Financial charges | 65/66B | €10,302 | €13,473 | +€3,171 | +30.8% |
| Recurring financial charges | 65 | €10,293 | €13,473 | +€3,180 | +30.9% |
| Non-recurring financial charges | 66B | €9 | - | -€9 | |
| Profit (loss) for the period before taxes | 9903 | €137,105 | €433,592 | +€296,487 | +216% |
| Income taxes | 67/77 | €47,036 | €137,566 | +€90,530 | +192% |
| Profit (loss) for the period | 9904 | €90,069 | €296,025 | +€205,957 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €90,069 | €296,025 | +€205,957 | +229% |
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 21 October 2026 via checked.be.