RUBENS BIKES: 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 BIKES
Largest movements
- Cash +€51,760
up €51,760 (+49.5%), from €104,605 to €156,365
mainly Net result for the year (+€72,320) and Depreciation (+€54,123)
- Tangible fixed assets -€36,531
down €36,531 (-9.8%), from €372,612 to €336,081
- Stocks and contracts -€32,765
down €32,765 (-43.2%), from €75,885 to €43,120
- Deferred charges and accrued income -€12,763
down €12,763 (-79.6%), from €16,040 to €3,277
- Reserves +€72,000
up €72,000 (+36.6%), from €196,600 to €268,600
- Trade debts -€54,581
down €54,581 (-97.8%), from €55,792 to €1,211
- Debts after one year -€51,051
down €51,051 (-74.4%), from €68,629 to €17,577
- Current portion of long-term debt -€6,920
down €6,920 (-11.9%), from €57,972 to €51,051
- Staff costs +€44,621
up €44,621 (+73.2%), from €60,971 to €105,592
- Gross operating margin +€27,195
up €27,195 (+11.0%), from €248,150 to €275,346
- Depreciation +€6,190
up €6,190 (+12.9%), from €47,933 to €54,123
- Taxes -€5,573
down €5,573 (-16.1%), from €34,651 to €29,077
- Financial charges -€4,485
down €4,485 (-45.1%), from €9,954 to €5,469
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 | €574,030 | €548,033 | -€25,996 | -4.5% |
| Fixed assets | 21/28 | €372,612 | €336,081 | -€36,531 | -9.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €372,612 | €336,081 | -€36,531 | -9.8% |
| Land and buildings | 22 | €252,282 | €234,062 | -€18,219 | -7.2% |
| Plant, machinery and equipment | 23 | €107,876 | €99,297 | -€8,579 | -8.0% |
| Furniture and vehicles | 24 | €10,965 | €2,722 | -€8,242 | -75.2% |
| Other tangible fixed assets | 26 | €1,490 | €0 | -€1,490 | -100% |
| Current assets | 29/58 | €201,417 | €211,952 | +€10,535 | +5.2% |
| Stocks and contracts in progress | 3 | €75,885 | €43,120 | -€32,765 | -43.2% |
| Stocks | 30/36 | €75,885 | €43,120 | -€32,765 | -43.2% |
| Amounts receivable within one year | 40/41 | €4,887 | €9,190 | +€4,303 | +88.1% |
| Trade receivables | 40 | €3,449 | €8,268 | +€4,819 | +140% |
| Other amounts receivable | 41 | €1,438 | €923 | -€516 | -35.9% |
| Cash at bank and in hand | 54/58 | €104,605 | €156,365 | +€51,760 | +49.5% |
| Deferred charges and accrued income | 490/1 | €16,040 | €3,277 | -€12,763 | -79.6% |
| Total equity and liabilities | 10/49 | €574,030 | €548,033 | -€25,996 | -4.5% |
| Equity | 10/15 | €357,349 | €429,669 | +€72,320 | +20.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €196,600 | €268,600 | +€72,000 | +36.6% |
| Distributable reserves | 133 | €196,600 | €268,600 | +€72,000 | +36.6% |
| Profit (loss) carried forward | 14 | €35,749 | €36,069 | +€320 | +0.9% |
| Amounts payable | 17/49 | €216,681 | €118,364 | -€98,317 | -45.4% |
| Amounts payable after more than one year | 17 | €68,629 | €17,577 | -€51,051 | -74.4% |
| Financial debts | 170/4 | €68,629 | €17,577 | -€51,051 | -74.4% |
| Amounts payable within one year | 42/48 | €148,052 | €96,869 | -€51,183 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €57,972 | €51,051 | -€6,920 | -11.9% |
| Trade debts | 44 | €55,792 | €1,211 | -€54,581 | -97.8% |
| Suppliers | 440/4 | €55,792 | €1,211 | -€54,581 | -97.8% |
| Taxes, remuneration and social security | 45 | €20,869 | €26,536 | +€5,666 | +27.2% |
| Taxes | 450/3 | €12,100 | €13,415 | +€1,315 | +10.9% |
| Remuneration and social security | 454/9 | €8,770 | €13,121 | +€4,351 | +49.6% |
| Other amounts payable | 47/48 | €13,419 | €18,072 | +€4,653 | +34.7% |
| Accrued charges and deferred income | 492/3 | - | €3,917 | +€3,917 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €60,971 | €105,592 | +€44,621 | +73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,933 | €54,123 | +€6,190 | +12.9% |
| Other operating charges | 640/8 | €8,696 | €8,765 | +€68 | +0.8% |
| Gross operating margin | 9900 | €248,150 | €275,346 | +€27,195 | +11.0% |
| Operating profit (loss) | 9901 | €130,550 | €106,866 | -€23,684 | -18.1% |
| Financial income | 75/76B | €337 | - | -€337 | |
| Recurring financial income | 75 | €337 | - | -€337 | |
| Financial charges | 65/66B | €9,954 | €5,469 | -€4,485 | -45.1% |
| Recurring financial charges | 65 | €9,954 | €5,469 | -€4,485 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €120,933 | €101,398 | -€19,536 | -16.2% |
| Income taxes | 67/77 | €34,651 | €29,077 | -€5,573 | -16.1% |
| Profit (loss) for the period | 9904 | €86,282 | €72,320 | -€13,962 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,282 | €72,320 | -€13,962 | -16.2% |
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 20 October 2026 via checked.be.