RUBICON: 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.
RUBICON
Largest movements
- Cash +€113,725
up €113,725 (+161.8%), from €70,270 to €183,994
mainly Receivables within one year (+€80,049) and Net result for the year (+€31,953)
- Receivables within one year -€80,049
down €80,049 (-75.5%), from €106,005 to €25,957
- Reserves +€30,000
up €30,000 (+483.9%), from €6,200 to €36,200
of which Distributable reserves: +€30,000
- Financial income +€34,839
up €34,839 (+4950.2%), from €704 to €35,543
- Taxes +€2,808
up €2,808 (+1466.1%), from €192 to €3,000
- Gross operating margin +€1,017
up €1,017 (+87.8%), from -€1,158 to -€141
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 | €267,204 | €302,156 | +€34,953 | +13.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €80,587 | €80,587 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €80,587 | €80,587 | = | 0.0% |
| Current assets | 29/58 | €186,617 | €221,569 | +€34,953 | +18.7% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €106,005 | €25,957 | -€80,049 | -75.5% |
| Other amounts receivable | 41 | €106,005 | €25,957 | -€80,049 | -75.5% |
| Current investments | 50/53 | €10,342 | €11,618 | +€1,277 | +12.3% |
| Cash at bank and in hand | 54/58 | €70,270 | €183,994 | +€113,725 | +161.8% |
| Total equity and liabilities | 10/49 | €267,204 | €302,156 | +€34,953 | +13.1% |
| Equity | 10/15 | €257,204 | €289,156 | +€31,953 | +12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €36,200 | +€30,000 | +483.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €189,004 | €190,956 | +€1,953 | +1.0% |
| Amounts payable | 17/49 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Amounts payable within one year | 42/48 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Gross operating margin | 9900 | -€1,158 | -€141 | +€1,017 | +87.8% |
| Operating profit (loss) | 9901 | -€1,605 | -€591 | +€1,014 | +63.2% |
| Financial income | 75/76B | €704 | €35,543 | +€34,839 | +4950.2% |
| Recurring financial income | 75 | €704 | €35,543 | +€34,839 | +4950.2% |
| Profit (loss) for the period before taxes | 9903 | -€901 | €34,953 | +€35,854 | |
| Income taxes | 67/77 | €192 | €3,000 | +€2,808 | +1466.1% |
| Profit (loss) for the period | 9904 | -€1,093 | €31,953 | +€33,045 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,093 | €31,953 | +€33,045 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.