Rubey: 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.
Rubey
Largest movements
- Cash -€206,667
down €206,667 (-64.7%), from €319,447 to €112,780
mainly Net result for the year (-€339,425) and Trade debts (-€42,527)
- Receivables within one year -€43,228
down €43,228 (-69.1%), from €62,552 to €19,324
of which Trade receivables: -€34,369
- Financial fixed assets +€18,000
up €18,000 (+75.0%), from €24,000 to €42,000
- Intangible fixed assets -€9,040
down €9,040 (-25.6%), from €35,261 to €26,221
- Formation expenses -€5,702
down €5,702 (-31.6%), from €18,029 to €12,327
- Profit (loss) carried forward -€339,425
down €339,425 (-92.3%), from -€367,853 to -€707,277
- Debts after one year +€150,000
new in 2024: €150,000
- Trade debts -€42,527
down €42,527 (-83.2%), from €51,123 to €8,595
- Other debts -€10,185
down €10,185 (-76.8%), from €13,254 to €3,069
- Gross operating margin +€54,040
up €54,040 (+15.8%), from -€341,149 to -€287,110
- Other operating charges +€24,633
up €24,633 (+2860.6%), from €861 to €25,494
- Financial charges +€12,017
up €12,017 (+19411.2%), from €62 to €12,079
of which Non-recurring financial charges: +€12,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,289 | €217,152 | -€242,137 | -52.7% |
| Formation expenses | 20 | €18,029 | €12,327 | -€5,702 | -31.6% |
| Fixed assets | 21/28 | €59,261 | €68,221 | +€8,960 | +15.1% |
| Intangible fixed assets | 21 | €35,261 | €26,221 | -€9,040 | -25.6% |
| Financial fixed assets | 28 | €24,000 | €42,000 | +€18,000 | +75.0% |
| Current assets | 29/58 | €381,999 | €136,604 | -€245,395 | -64.2% |
| Amounts receivable within one year | 40/41 | €62,552 | €19,324 | -€43,228 | -69.1% |
| Trade receivables | 40 | €34,369 | - | -€34,369 | |
| Other amounts receivable | 41 | €28,183 | €19,324 | -€8,859 | -31.4% |
| Cash at bank and in hand | 54/58 | €319,447 | €112,780 | -€206,667 | -64.7% |
| Deferred charges and accrued income | 490/1 | - | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €459,289 | €217,152 | -€242,137 | -52.7% |
| Equity | 10/15 | €394,912 | €55,488 | -€339,425 | -85.9% |
| Contributions | 10/11 | €758,553 | €758,553 | = | 0.0% |
| Reserves | 13 | €4,212 | €4,212 | = | 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 | €2,352 | €2,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,853 | -€707,277 | -€339,425 | -92.3% |
| Amounts payable | 17/49 | €64,377 | €161,665 | +€97,288 | +151.1% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €64,377 | €11,665 | -€52,712 | -81.9% |
| Trade debts | 44 | €51,123 | €8,595 | -€42,527 | -83.2% |
| Suppliers | 440/4 | €51,123 | €8,595 | -€42,527 | -83.2% |
| Other amounts payable | 47/48 | €13,254 | €3,069 | -€10,185 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,951 | €14,742 | +€791 | +5.7% |
| Other operating charges | 640/8 | €861 | €25,494 | +€24,633 | +2860.6% |
| Gross operating margin | 9900 | -€341,149 | -€287,110 | +€54,040 | +15.8% |
| Operating profit (loss) | 9901 | -€355,961 | -€327,345 | +€28,616 | +8.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €62 | €12,079 | +€12,017 | +19411.2% |
| Recurring financial charges | 65 | €62 | €79 | +€17 | +28.3% |
| Non-recurring financial charges | 66B | - | €12,000 | +€12,000 | |
| Profit (loss) for the period before taxes | 9903 | -€356,021 | -€339,425 | +€16,596 | +4.7% |
| Profit (loss) for the period | 9904 | -€356,021 | -€339,425 | +€16,596 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€356,021 | -€339,425 | +€16,596 | +4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.