RUBIC: 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.
RUBIC
Largest movements
- Cash +€13,617
up €13,617 (+130.7%), from €10,417 to €24,034
mainly Net result for the year (+€33,867) and Depreciation (+€25,275)
- Profit (loss) carried forward +€33,867
up €33,867 (+40.8%), from -€82,934 to -€49,068
- Debts after one year -€28,308
down €28,308 (-5.9%), from €480,108 to €451,800
- Depreciation -€70,873
down €70,873 (-73.7%), from €96,148 to €25,275
- Gross operating margin +€52,617
up €52,617 (+137.8%), from €38,188 to €90,805
- Financial charges +€4,987
up €4,987 (+23.1%), from €21,631 to €26,618
- Other operating charges +€1,716
up €1,716 (+51.3%), from €3,343 to €5,059
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 | €662,069 | €673,489 | +€11,420 | +1.7% |
| Fixed assets | 21/28 | €651,652 | €649,455 | -€2,197 | -0.3% |
| Tangible fixed assets | 22/27 | €651,652 | €649,455 | -€2,197 | -0.3% |
| Land and buildings | 22 | €624,813 | €606,698 | -€18,115 | -2.9% |
| Plant, machinery and equipment | 23 | €26,839 | €42,757 | +€15,919 | +59.3% |
| Current assets | 29/58 | €10,417 | €24,034 | +€13,617 | +130.7% |
| Cash at bank and in hand | 54/58 | €10,417 | €24,034 | +€13,617 | +130.7% |
| Total equity and liabilities | 10/49 | €662,069 | €673,489 | +€11,420 | +1.7% |
| Equity | 10/15 | -€79,934 | -€46,068 | +€33,867 | +42.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,934 | -€49,068 | +€33,867 | +40.8% |
| Amounts payable | 17/49 | €742,003 | €719,557 | -€22,446 | -3.0% |
| Amounts payable after more than one year | 17 | €480,108 | €451,800 | -€28,308 | -5.9% |
| Financial debts | 170/4 | €480,108 | €451,800 | -€28,308 | -5.9% |
| Amounts payable within one year | 42/48 | €260,395 | €266,256 | +€5,861 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €27,270 | €28,308 | +€1,038 | +3.8% |
| Trade debts | 44 | €120 | €4,201 | +€4,081 | +3400.8% |
| Suppliers | 440/4 | €120 | €4,201 | +€4,081 | +3400.8% |
| Taxes, remuneration and social security | 45 | €1,485 | €2,228 | +€743 | +50.0% |
| Taxes | 450/3 | €1,485 | €2,228 | +€743 | +50.0% |
| Other amounts payable | 47/48 | €231,520 | €231,520 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,148 | €25,275 | -€70,873 | -73.7% |
| Other operating charges | 640/8 | €3,343 | €5,059 | +€1,716 | +51.3% |
| Gross operating margin | 9900 | €38,188 | €90,805 | +€52,617 | +137.8% |
| Operating profit (loss) | 9901 | -€61,303 | €60,471 | +€121,774 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €21,631 | €26,618 | +€4,987 | +23.1% |
| Recurring financial charges | 65 | €21,631 | €26,618 | +€4,987 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,934 | €33,872 | +€116,806 | |
| Income taxes | 67/77 | - | €6 | +€6 | |
| Profit (loss) for the period | 9904 | -€82,934 | €33,867 | +€116,801 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,934 | €33,867 | +€116,801 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.