RUBELCOM: 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.
RUBELCOM
Largest movements
- Receivables within one year -€3,836
down €3,836 (-44.9%), from €8,542 to €4,706
of which Trade receivables: -€4,000
- Cash +€170
up €170 (+361.7%), from €47 to €217
mainly Net result for the year (+€15,470) and Receivables within one year (+€3,836)
- Other debts -€18,402
down €18,402 (-41.5%), from €44,326 to €25,924
- Profit (loss) carried forward +€15,470
up €15,470 (+27.0%), from -€57,360 to -€41,890
- Trade debts -€734
down €734 (-4.8%), from €15,398 to €14,664
- Gross operating margin +€11,017
up €11,017 (+227.0%), from €4,854 to €15,871
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,589 | €4,923 | -€3,666 | -42.7% |
| Current assets | 29/58 | €8,589 | €4,923 | -€3,666 | -42.7% |
| Amounts receivable within one year | 40/41 | €8,542 | €4,706 | -€3,836 | -44.9% |
| Trade receivables | 40 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Other amounts receivable | 41 | €542 | €706 | +€164 | +30.3% |
| Cash at bank and in hand | 54/58 | €47 | €217 | +€170 | +361.7% |
| Total equity and liabilities | 10/49 | €8,589 | €4,923 | -€3,666 | -42.7% |
| Equity | 10/15 | -€51,160 | -€35,690 | +€15,470 | +30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,360 | -€41,890 | +€15,470 | +27.0% |
| Amounts payable | 17/49 | €59,749 | €40,613 | -€19,136 | -32.0% |
| Amounts payable within one year | 42/48 | €59,749 | €40,613 | -€19,136 | -32.0% |
| Trade debts | 44 | €15,398 | €14,664 | -€734 | -4.8% |
| Suppliers | 440/4 | €15,398 | €14,664 | -€734 | -4.8% |
| Taxes, remuneration and social security | 45 | €25 | €25 | = | 0.0% |
| Taxes | 450/3 | €25 | €25 | = | 0.0% |
| Other amounts payable | 47/48 | €44,326 | €25,924 | -€18,402 | -41.5% |
| Other operating charges | 640/8 | €244 | €184 | -€60 | -24.6% |
| Gross operating margin | 9900 | €4,854 | €15,871 | +€11,017 | +227.0% |
| Operating profit (loss) | 9901 | €4,610 | €15,687 | +€11,077 | +240.3% |
| Financial charges | 65/66B | €217 | €217 | = | 0.0% |
| Recurring financial charges | 65 | €217 | €217 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,393 | €15,470 | +€11,077 | +252.2% |
| Profit (loss) for the period | 9904 | €4,393 | €15,470 | +€11,077 | +252.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,393 | €15,470 | +€11,077 | +252.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.