Ruben Projects: 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.
Ruben Projects
Largest movements
- Receivables within one year -€15,050
down €15,050 (-99.7%), from €15,097 to €47
of which Trade receivables: -€15,097
- Receivables after one year -€14,000
down €14,000 (-9.0%), from €155,000 to €141,000
- Profit (loss) carried forward -€27,962
down €27,962 (-46.9%), from -€59,592 to -€87,553
- Trade debts -€13,721
no longer reported in 2025 (was €13,721)
- Debts after one year +€10,500
up €10,500 (+2.6%), from €400,000 to €410,500
- Gross operating margin +€31,720
up €31,720 (+91.3%), from -€34,741 to -€3,021
- Financial charges +€902
up €902 (+3.8%), from €23,868 to €24,769
- Other operating charges -€812
down €812 (-82.5%), from €984 to €172
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 | €738,558 | €706,707 | -€31,850 | -4.3% |
| Current assets | 29/58 | €738,558 | €706,707 | -€31,850 | -4.3% |
| Amounts receivable after more than one year | 29 | €155,000 | €141,000 | -€14,000 | -9.0% |
| Other amounts receivable | 291 | €155,000 | €141,000 | -€14,000 | -9.0% |
| Stocks and contracts in progress | 3 | €564,037 | €564,037 | = | 0.0% |
| Stocks | 30/36 | €564,037 | €564,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,097 | €47 | -€15,050 | -99.7% |
| Trade receivables | 40 | €15,097 | - | -€15,097 | |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €3,434 | €349 | -€3,085 | -89.8% |
| Deferred charges and accrued income | 490/1 | €990 | €1,275 | +€284 | +28.7% |
| Total equity and liabilities | 10/49 | €738,558 | €706,707 | -€31,850 | -4.3% |
| Equity | 10/15 | -€9,592 | -€37,553 | -€27,962 | -291.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,592 | -€87,553 | -€27,962 | -46.9% |
| Amounts payable | 17/49 | €748,149 | €744,260 | -€3,889 | -0.5% |
| Amounts payable after more than one year | 17 | €400,000 | €410,500 | +€10,500 | +2.6% |
| Financial debts | 170/4 | €400,000 | €410,500 | +€10,500 | +2.6% |
| Amounts payable within one year | 42/48 | €348,149 | €333,760 | -€14,389 | -4.1% |
| Financial debts | 43 | €330,000 | €327,000 | -€3,000 | -0.9% |
| Credit institutions | 430/8 | €330,000 | €327,000 | -€3,000 | -0.9% |
| Trade debts | 44 | €13,721 | - | -€13,721 | |
| Suppliers | 440/4 | €13,721 | - | -€13,721 | |
| Other amounts payable | 47/48 | €4,429 | €6,760 | +€2,332 | +52.7% |
| Other operating charges | 640/8 | €984 | €172 | -€812 | -82.5% |
| Gross operating margin | 9900 | -€34,741 | -€3,021 | +€31,720 | +91.3% |
| Operating profit (loss) | 9901 | -€35,724 | -€3,193 | +€32,532 | +91.1% |
| Financial charges | 65/66B | €23,868 | €24,769 | +€902 | +3.8% |
| Recurring financial charges | 65 | €23,868 | €24,769 | +€902 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€59,592 | -€27,962 | +€31,630 | +53.1% |
| Profit (loss) for the period | 9904 | -€59,592 | -€27,962 | +€31,630 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,592 | -€27,962 | +€31,630 | +53.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.