RUBICON: 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.
RUBICON
Largest movements
- Receivables within one year +€4,909
up €4,909 (+69.2%), from €7,091 to €12,000
of which Trade receivables: +€5,000
- Deferred charges and accrued income -€1,266
down €1,266 (-94.3%), from €1,342 to €76
- Cash -€655
down €655 (-88.8%), from €737 to €83
mainly Net result for the year (-€42,684) and Receivables within one year (-€4,909)
- Other debts +€47,314
up €47,314 (+1523.0%), from €3,107 to €50,421
- Profit (loss) carried forward -€42,684
down €42,684, from €235 to -€42,449
- Tax, wage and social debts -€2,408
down €2,408 (-25.3%), from €9,517 to €7,109
- Trade debts +€903
up €903 (+10.8%), from €8,402 to €9,305
- Gross operating margin -€46,848
down €46,848, from €14,255 to -€32,593
- Taxes -€4,211
down €4,211 (-94.9%), from €4,439 to €228
- Depreciation +€594
up €594 (+43.3%), from €1,372 to €1,966
- Other operating charges -€450
down €450 (-45.3%), from €995 to €544
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 | €26,514 | €29,386 | +€2,871 | +10.8% |
| Fixed assets | 21/28 | €17,344 | €17,227 | -€117 | -0.7% |
| Tangible fixed assets | 22/27 | €4,844 | €4,727 | -€117 | -2.4% |
| Plant, machinery and equipment | 23 | €2,054 | €2,796 | +€742 | +36.1% |
| Furniture and vehicles | 24 | €2,790 | €1,931 | -€859 | -30.8% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €9,170 | €12,159 | +€2,989 | +32.6% |
| Amounts receivable within one year | 40/41 | €7,091 | €12,000 | +€4,909 | +69.2% |
| Trade receivables | 40 | €7,000 | €12,000 | +€5,000 | +71.4% |
| Other amounts receivable | 41 | €91 | €0 | -€91 | -100.0% |
| Cash at bank and in hand | 54/58 | €737 | €83 | -€655 | -88.8% |
| Deferred charges and accrued income | 490/1 | €1,342 | €76 | -€1,266 | -94.3% |
| Total equity and liabilities | 10/49 | €26,514 | €29,386 | +€2,871 | +10.8% |
| Equity | 10/15 | €5,235 | -€37,449 | -€42,684 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235 | -€42,449 | -€42,684 | |
| Amounts payable | 17/49 | €21,279 | €66,835 | +€45,555 | +214.1% |
| Amounts payable within one year | 42/48 | €21,025 | €66,835 | +€45,809 | +217.9% |
| Trade debts | 44 | €8,402 | €9,305 | +€903 | +10.8% |
| Suppliers | 440/4 | €8,402 | €9,305 | +€903 | +10.8% |
| Taxes, remuneration and social security | 45 | €9,517 | €7,109 | -€2,408 | -25.3% |
| Taxes | 450/3 | €9,517 | €7,109 | -€2,408 | -25.3% |
| Other amounts payable | 47/48 | €3,107 | €50,421 | +€47,314 | +1523.0% |
| Accrued charges and deferred income | 492/3 | €254 | €0 | -€254 | -100.0% |
| Remuneration, social security and pensions | 62 | €131 | €0 | -€131 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €1,966 | +€594 | +43.3% |
| Other operating charges | 640/8 | €995 | €544 | -€450 | -45.3% |
| Gross operating margin | 9900 | €14,255 | -€32,593 | -€46,848 | |
| Operating profit (loss) | 9901 | €11,757 | -€35,104 | -€46,861 | |
| Financial income | 75/76B | €85 | €82 | -€3 | -3.3% |
| Recurring financial income | 75 | €85 | €82 | -€3 | -3.3% |
| Financial charges | 65/66B | €7,168 | €7,434 | +€266 | +3.7% |
| Recurring financial charges | 65 | €7,168 | €7,434 | +€266 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €4,674 | -€42,456 | -€47,130 | |
| Income taxes | 67/77 | €4,439 | €228 | -€4,211 | -94.9% |
| Profit (loss) for the period | 9904 | €235 | -€42,684 | -€42,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €235 | -€42,684 | -€42,919 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.