RUBENCO: 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.
RUBENCO
Largest movements
- Receivables within one year -€5,556
down €5,556 (-7.1%), from €78,091 to €72,535
- Trade debts -€1,896
down €1,896 (-18.2%), from €10,396 to €8,500
- Profit (loss) carried forward -€1,589
down €1,589 (-3.5%), from -€45,681 to -€47,270
- Tax, wage and social debts -€1,445
no longer reported in 2025 (was €1,445)
- Financial income -€6,773
down €6,773 (-78.3%), from €8,648 to €1,875
- Gross operating margin +€1,111
up €1,111 (+40.0%), from -€2,778 to -€1,667
- Financial charges -€316
down €316 (-87.5%), from €361 to €45
- Taxes +€97
up €97 (+6.7%), from €1,445 to €1,542
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 | €78,569 | €73,639 | -€4,930 | -6.3% |
| Current assets | 29/58 | €78,569 | €73,639 | -€4,930 | -6.3% |
| Amounts receivable within one year | 40/41 | €78,091 | €72,535 | -€5,556 | -7.1% |
| Other amounts receivable | 41 | €78,091 | €72,535 | -€5,556 | -7.1% |
| Cash at bank and in hand | 54/58 | €478 | €1,104 | +€626 | +131% |
| Total equity and liabilities | 10/49 | €78,569 | €73,639 | -€4,930 | -6.3% |
| Equity | 10/15 | €66,728 | €65,139 | -€1,589 | -2.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €13,252 | €13,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €3,336 | €3,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,681 | -€47,270 | -€1,589 | -3.5% |
| Amounts payable | 17/49 | €11,841 | €8,500 | -€3,341 | -28.2% |
| Amounts payable within one year | 42/48 | €11,841 | €8,500 | -€3,341 | -28.2% |
| Trade debts | 44 | €10,396 | €8,500 | -€1,896 | -18.2% |
| Suppliers | 440/4 | €10,396 | €8,500 | -€1,896 | -18.2% |
| Taxes, remuneration and social security | 45 | €1,445 | - | -€1,445 | |
| Taxes | 450/3 | €1,445 | - | -€1,445 | |
| Other operating charges | 640/8 | €208 | €210 | +€2 | +1.0% |
| Gross operating margin | 9900 | -€2,778 | -€1,667 | +€1,111 | +40.0% |
| Operating profit (loss) | 9901 | -€2,986 | -€1,877 | +€1,109 | +37.1% |
| Financial income | 75/76B | €8,648 | €1,875 | -€6,773 | -78.3% |
| Recurring financial income | 75 | €8,648 | €1,875 | -€6,773 | -78.3% |
| Financial charges | 65/66B | €361 | €45 | -€316 | -87.5% |
| Recurring financial charges | 65 | €361 | €45 | -€316 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €5,302 | -€47 | -€5,349 | |
| Income taxes | 67/77 | €1,445 | €1,542 | +€97 | +6.7% |
| Profit (loss) for the period | 9904 | €3,857 | -€1,589 | -€5,446 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | -€1,589 | -€5,446 |
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 15 October 2026 via checked.be.