RUBEN.G: 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.
RUBEN.G
Largest movements
- Receivables after one year +€80,000
up €80,000 (+66.7%), from €120,000 to €200,000
- Receivables within one year -€58,984
down €58,984 (-81.9%), from €72,003 to €13,019
- Tangible fixed assets -€35,766
down €35,766 (-24.4%), from €146,833 to €111,067
of which Other tangible fixed assets: -€35,566
- Cash -€8,593
down €8,593 (-49.2%), from €17,454 to €8,861
mainly Receivables after one year (-€80,000) and Current portion of long-term debt (-€31,632)
- Current portion of long-term debt -€31,632
down €31,632 (-82.5%), from €38,343 to €6,711
- Other debts -€19,055
down €19,055 (-13.2%), from €144,498 to €125,443
- Tax, wage and social debts +€18,118
up €18,118 (+40.7%), from €44,527 to €62,645
of which Remuneration and social security: +€14,672
- Profit (loss) carried forward +€8,628
up €8,628 (+48.9%), from €17,632 to €26,260
- Gross operating margin +€61,995
up €61,995 (+15.4%), from €402,130 to €464,125
- Staff costs +€26,972
up €26,972 (+8.0%), from €337,245 to €364,217
- Financial charges -€4,743
down €4,743 (-39.7%), from €11,948 to €7,204
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 | €372,374 | €347,506 | -€24,867 | -6.7% |
| Fixed assets | 21/28 | €146,833 | €111,067 | -€35,766 | -24.4% |
| Tangible fixed assets | 22/27 | €146,833 | €111,067 | -€35,766 | -24.4% |
| Furniture and vehicles | 24 | €851 | €651 | -€200 | -23.5% |
| Other tangible fixed assets | 26 | €145,982 | €110,416 | -€35,566 | -24.4% |
| Current assets | 29/58 | €225,541 | €236,439 | +€10,899 | +4.8% |
| Amounts receivable after more than one year | 29 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Trade receivables | 290 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Stocks and contracts in progress | 3 | €11,271 | €12,758 | +€1,487 | +13.2% |
| Stocks | 30/36 | €11,271 | €12,758 | +€1,487 | +13.2% |
| Amounts receivable within one year | 40/41 | €72,003 | €13,019 | -€58,984 | -81.9% |
| Other amounts receivable | 41 | €72,003 | €13,019 | -€58,984 | -81.9% |
| Cash at bank and in hand | 54/58 | €17,454 | €8,861 | -€8,593 | -49.2% |
| Deferred charges and accrued income | 490/1 | €4,812 | €1,801 | -€3,012 | -62.6% |
| Total equity and liabilities | 10/49 | €372,374 | €347,506 | -€24,867 | -6.7% |
| Equity | 10/15 | €44,692 | €53,320 | +€8,628 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,632 | €26,260 | +€8,628 | +48.9% |
| Amounts payable | 17/49 | €327,682 | €294,186 | -€33,495 | -10.2% |
| Amounts payable within one year | 42/48 | €327,682 | €294,186 | -€33,495 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €38,343 | €6,711 | -€31,632 | -82.5% |
| Financial debts | 43 | €45,693 | €44,950 | -€743 | -1.6% |
| Credit institutions | 430/8 | €45,693 | €44,950 | -€743 | -1.6% |
| Trade debts | 44 | €54,620 | €54,438 | -€183 | -0.3% |
| Suppliers | 440/4 | €54,620 | €54,438 | -€183 | -0.3% |
| Taxes, remuneration and social security | 45 | €44,527 | €62,645 | +€18,118 | +40.7% |
| Taxes | 450/3 | €15,517 | €18,963 | +€3,446 | +22.2% |
| Remuneration and social security | 454/9 | €29,011 | €43,683 | +€14,672 | +50.6% |
| Other amounts payable | 47/48 | €144,498 | €125,443 | -€19,055 | -13.2% |
| Remuneration, social security and pensions | 62 | €337,245 | €364,217 | +€26,972 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,143 | €35,766 | -€377 | -1.0% |
| Other operating charges | 640/8 | €5,200 | €2,487 | -€2,713 | -52.2% |
| Non-recurring operating charges | 66A | €12,279 | €64,738 | +€52,460 | +427% |
| Gross operating margin | 9900 | €402,130 | €464,125 | +€61,995 | +15.4% |
| Operating profit (loss) | 9901 | €11,263 | -€3,083 | -€14,347 | |
| Financial income | 75/76B | €22,055 | €22,055 | = | 0.0% |
| Recurring financial income | 75 | €22,055 | €22,055 | = | 0.0% |
| Financial charges | 65/66B | €11,948 | €7,204 | -€4,743 | -39.7% |
| Recurring financial charges | 65 | €11,948 | €7,204 | -€4,743 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €21,371 | €11,768 | -€9,603 | -44.9% |
| Income taxes | 67/77 | €5,300 | €3,140 | -€2,160 | -40.8% |
| Profit (loss) for the period | 9904 | €16,071 | €8,628 | -€7,443 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,071 | €8,628 | -€7,443 | -46.3% |
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 27 October 2026 via checked.be.