Rubelko: 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.
Rubelko
Largest movements
- Intangible fixed assets -€43,151
down €43,151 (-83.7%), from €51,580 to €8,429
- Cash +€39,875
up €39,875 (+2835.9%), from €1,406 to €41,281
mainly Other debts (+€408,077) and Debts after one year (+€142,619)
- Receivables within one year +€20,092
up €20,092 (+318.3%), from €6,312 to €26,403
of which Other amounts receivable: +€22,512
- Tangible fixed assets +€18,936
up €18,936 (+45.0%), from €42,082 to €61,019
of which Plant, machinery and equipment: +€23,730
- Profit (loss) carried forward -€522,062
down €522,062 (-4907.8%), from -€10,637 to -€532,699
- Other debts +€408,077
up €408,077 (+9175.0%), from €4,448 to €412,525
- Debts after one year +€142,619
up €142,619 (+285.2%), from €50,000 to €192,619
of which Financial debts: +€142,619
- Current portion of long-term debt +€7,381
up €7,381, from €0 to €7,381
- Tax, wage and social debts -€1,407
down €1,407 (-72.5%), from €1,942 to €534
- Gross operating margin -€881,295
down €881,295, from €453,937 to -€427,357
- Taxes +€40,319
up €40,319 (+214.3%), from €18,818 to €59,138
- Financial income -€25,165
down €25,165 (-98.0%), from €25,668 to €502
- Other operating charges +€19,992
up €19,992 (+214.9%), from €9,302 to €29,294
- Financial charges -€5,829
down €5,829 (-65.8%), from €8,859 to €3,030
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 | €101,775 | €137,132 | +€35,357 | +34.7% |
| Fixed assets | 21/28 | €93,663 | €69,448 | -€24,215 | -25.9% |
| Intangible fixed assets | 21 | €51,580 | €8,429 | -€43,151 | -83.7% |
| Tangible fixed assets | 22/27 | €42,082 | €61,019 | +€18,936 | +45.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €28,686 | €52,415 | +€23,730 | +82.7% |
| Furniture and vehicles | 24 | €13,397 | €8,603 | -€4,793 | -35.8% |
| Current assets | 29/58 | €8,112 | €67,685 | +€59,573 | +734.4% |
| Amounts receivable within one year | 40/41 | €6,312 | €26,403 | +€20,092 | +318.3% |
| Trade receivables | 40 | €2,420 | €0 | -€2,420 | -100.0% |
| Other amounts receivable | 41 | €3,892 | €26,403 | +€22,512 | +578.5% |
| Cash at bank and in hand | 54/58 | €1,406 | €41,281 | +€39,875 | +2835.9% |
| Deferred charges and accrued income | 490/1 | €394 | €0 | -€394 | -100.0% |
| Total equity and liabilities | 10/49 | €101,775 | €137,132 | +€35,357 | +34.7% |
| Equity | 10/15 | €19,363 | -€502,699 | -€522,062 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,637 | -€532,699 | -€522,062 | -4907.8% |
| Amounts payable | 17/49 | €82,412 | €639,832 | +€557,419 | +676.4% |
| Amounts payable after more than one year | 17 | €50,000 | €192,619 | +€142,619 | +285.2% |
| Financial debts | 170/4 | €0 | €142,619 | +€142,619 | |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,412 | €447,213 | +€414,801 | +1279.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,381 | +€7,381 | |
| Trade debts | 44 | €26,023 | €26,773 | +€749 | +2.9% |
| Suppliers | 440/4 | €26,023 | €26,773 | +€749 | +2.9% |
| Taxes, remuneration and social security | 45 | €1,942 | €534 | -€1,407 | -72.5% |
| Taxes | 450/3 | €1,942 | €534 | -€1,407 | -72.5% |
| Other amounts payable | 47/48 | €4,448 | €412,525 | +€408,077 | +9175.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,058 | €3,745 | +€1,687 | +81.9% |
| Other operating charges | 640/8 | €9,302 | €29,294 | +€19,992 | +214.9% |
| Gross operating margin | 9900 | €453,937 | -€427,357 | -€881,295 | |
| Operating profit (loss) | 9901 | €442,577 | -€460,396 | -€902,973 | |
| Financial income | 75/76B | €25,668 | €502 | -€25,165 | -98.0% |
| Recurring financial income | 75 | €25,668 | €502 | -€25,165 | -98.0% |
| Financial charges | 65/66B | €8,859 | €3,030 | -€5,829 | -65.8% |
| Recurring financial charges | 65 | €8,859 | €3,030 | -€5,829 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €459,385 | -€462,924 | -€922,310 | |
| Income taxes | 67/77 | €18,818 | €59,138 | +€40,319 | +214.3% |
| Profit (loss) for the period | 9904 | €440,567 | -€522,062 | -€962,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €440,567 | -€522,062 | -€962,629 |
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 29 September 2026 via checked.be.