RUBENS 2000: 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.
RUBENS 2000
Largest movements
- Cash +€1.1m
up €1.1m (+11.7%), from €9.8m to €10.9m
mainly Depreciation (+€1.3m) and Deferred charges and accrued income (+€161,764)
- Tangible fixed assets -€1.1m
down €1.1m (-8.3%), from €13.3m to €12.2m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€370,710
down €370,710 (-64.5%), from €574,969 to €204,259
- Financial charges -€353,346
down €353,346 (-29.3%), from €1.2m to €851,915
- Gross operating margin +€128,587
up €128,587 (+5.0%), from €2.6m to €2.7m
- Taxes -€40,225
down €40,225 (-13.6%), from €295,261 to €255,036
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 | €25,406,553 | €25,231,620 | -€174,933 | -0.7% |
| Fixed assets | 21/28 | €13,342,023 | €12,232,701 | -€1.1m | -8.3% |
| Intangible fixed assets | 21 | €21,115 | €16,304 | -€4,811 | -22.8% |
| Tangible fixed assets | 22/27 | €13,320,857 | €12,216,345 | -€1.1m | -8.3% |
| Land and buildings | 22 | €13,320,857 | €12,216,345 | -€1.1m | -8.3% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €12,064,530 | €12,998,919 | +€934,389 | +7.7% |
| Amounts receivable within one year | 40/41 | €868,552 | €820,772 | -€47,780 | -5.5% |
| Trade receivables | 40 | €773,552 | €688,793 | -€84,760 | -11.0% |
| Other amounts receivable | 41 | €95,000 | €131,980 | +€36,980 | +38.9% |
| Cash at bank and in hand | 54/58 | €9,775,902 | €10,919,835 | +€1.1m | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,420,076 | €1,258,311 | -€161,764 | -11.4% |
| Total equity and liabilities | 10/49 | €25,406,553 | €25,231,620 | -€174,933 | -0.7% |
| Equity | 10/15 | €1,161,788 | €1,189,021 | +€27,233 | +2.3% |
| Contributions | 10/11 | €1,278,407 | €1,278,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,620 | -€89,387 | +€27,233 | +23.4% |
| Amounts payable | 17/49 | €24,244,765 | €24,042,599 | -€202,166 | -0.8% |
| Amounts payable after more than one year | 17 | €634 | €634 | = | 0.0% |
| Other amounts payable | 178/9 | €634 | €634 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,395,755 | €23,150,957 | -€244,798 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €23,141,971 | €23,000,000 | -€141,971 | -0.6% |
| Trade debts | 44 | €159,445 | €126,530 | -€32,915 | -20.6% |
| Suppliers | 440/4 | €159,445 | €126,530 | -€32,915 | -20.6% |
| Taxes, remuneration and social security | 45 | €94,338 | €24,426 | -€69,912 | -74.1% |
| Taxes | 450/3 | €94,338 | €24,426 | -€69,912 | -74.1% |
| Accrued charges and deferred income | 492/3 | €848,376 | €891,009 | +€42,632 | +5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,346,994 | €1,331,634 | -€15,360 | -1.1% |
| Other operating charges | 640/8 | €401,565 | €423,555 | +€21,990 | +5.5% |
| Non-recurring operating charges | 66A | €48,558 | €0 | -€48,558 | -100% |
| Gross operating margin | 9900 | €2,556,528 | €2,685,114 | +€128,587 | +5.0% |
| Operating profit (loss) | 9901 | €759,411 | €929,926 | +€170,514 | +22.5% |
| Financial income | 75/76B | €574,969 | €204,259 | -€370,710 | -64.5% |
| Recurring financial income | 75 | €574,969 | €204,259 | -€370,710 | -64.5% |
| Financial charges | 65/66B | €1,205,261 | €851,915 | -€353,346 | -29.3% |
| Recurring financial charges | 65 | €1,205,261 | €851,915 | -€353,346 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €129,120 | €282,269 | +€153,150 | +119% |
| Income taxes | 67/77 | €295,261 | €255,036 | -€40,225 | -13.6% |
| Profit (loss) for the period | 9904 | -€166,141 | €27,233 | +€193,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,141 | €27,233 | +€193,374 |
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 22 October 2026 via checked.be.