RUBICOM: 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.
RUBICOM
Largest movements
- Cash +€28,387
up €28,387 (+50.8%), from €55,890 to €84,277
mainly Net result for the year (+€20,804) and Other debts (+€18,376)
- Receivables within one year +€11,513
up €11,513 (+387.9%), from €2,968 to €14,481
of which Other amounts receivable: +€11,514
- Tangible fixed assets -€6,027
down €6,027 (-4.5%), from €134,097 to €128,070
of which Land and buildings: -€4,710
- Deferred charges and accrued income -€4,053
down €4,053 (-75.8%), from €5,348 to €1,295
- Other debts +€18,376
up €18,376 (+97.8%), from €18,781 to €37,157
- Profit (loss) carried forward +€11,485
up €11,485 (+6.3%), from €180,994 to €192,480
- Tax, wage and social debts +€11,000
new in 2025: €11,000
- Trade debts -€7,008
down €7,008 (-81.5%), from €8,594 to €1,586
- Current portion of long-term debt -€4,033
down €4,033 (-96.4%), from €4,182 to €150
- Depreciation +€2,498
up €2,498 (+20.5%), from €12,155 to €14,652
- Taxes -€1,549
down €1,549 (-31.0%), from €5,000 to €3,451
- Other operating charges -€1,490
down €1,490 (-45.8%), from €3,253 to €1,763
- Gross operating margin +€1,465
up €1,465 (+3.7%), from €39,368 to €40,833
- Financial charges -€779
down €779 (-72.0%), from €1,082 to €303
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 | €236,502 | €266,323 | +€29,821 | +12.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €134,347 | €128,320 | -€6,027 | -4.5% |
| Tangible fixed assets | 22/27 | €134,097 | €128,070 | -€6,027 | -4.5% |
| Land and buildings | 22 | €67,558 | €62,848 | -€4,710 | -7.0% |
| Plant, machinery and equipment | 23 | €64,473 | €63,273 | -€1,201 | -1.9% |
| Furniture and vehicles | 24 | €2,066 | €1,950 | -€116 | -5.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €102,156 | €138,003 | +€35,847 | +35.1% |
| Amounts receivable after more than one year | 29 | €37,950 | €37,950 | = | 0.0% |
| Trade receivables | 290 | €37,950 | €37,950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,968 | €14,481 | +€11,513 | +387.9% |
| Trade receivables | 40 | €1,119 | €1,118 | -€1 | -0.1% |
| Other amounts receivable | 41 | €1,849 | €13,363 | +€11,514 | +622.9% |
| Cash at bank and in hand | 54/58 | €55,890 | €84,277 | +€28,387 | +50.8% |
| Deferred charges and accrued income | 490/1 | €5,348 | €1,295 | -€4,053 | -75.8% |
| Total equity and liabilities | 10/49 | €236,502 | €266,323 | +€29,821 | +12.6% |
| Equity | 10/15 | €201,445 | €212,931 | +€11,485 | +5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,994 | €192,480 | +€11,485 | +6.3% |
| Amounts payable | 17/49 | €35,057 | €53,392 | +€18,335 | +52.3% |
| Amounts payable within one year | 42/48 | €31,557 | €49,892 | +€18,335 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | €150 | -€4,033 | -96.4% |
| Trade debts | 44 | €8,594 | €1,586 | -€7,008 | -81.5% |
| Suppliers | 440/4 | €8,594 | €1,586 | -€7,008 | -81.5% |
| Taxes, remuneration and social security | 45 | - | €11,000 | +€11,000 | |
| Remuneration and social security | 454/9 | - | €11,000 | +€11,000 | |
| Other amounts payable | 47/48 | €18,781 | €37,157 | +€18,376 | +97.8% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,155 | €14,652 | +€2,498 | +20.5% |
| Other operating charges | 640/8 | €3,253 | €1,763 | -€1,490 | -45.8% |
| Gross operating margin | 9900 | €39,368 | €40,833 | +€1,465 | +3.7% |
| Operating profit (loss) | 9901 | €23,894 | €24,418 | +€524 | +2.2% |
| Financial income | 75/76B | €5 | €140 | +€135 | +2917.5% |
| Recurring financial income | 75 | €5 | €140 | +€135 | +2917.5% |
| Financial charges | 65/66B | €1,082 | €303 | -€779 | -72.0% |
| Recurring financial charges | 65 | €1,082 | €303 | -€779 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €22,817 | €24,255 | +€1,438 | +6.3% |
| Income taxes | 67/77 | €5,000 | €3,451 | -€1,549 | -31.0% |
| Profit (loss) for the period | 9904 | €17,817 | €20,804 | +€2,987 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,817 | €20,804 | +€2,987 | +16.8% |
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 5 October 2026 via checked.be.