RUBICON CAPITAL: what changed
RUBICON CAPITAL
Largest movements
- Receivables within one year -€26,839
down €26,839 (-3.5%), from €774,513 to €747,674
of which Trade receivables: -€40,540
- Profit (loss) carried forward -€58,287
down €58,287, from €38,332 to -€19,954
- Accrued charges and deferred income +€43,875
up €43,875 (+196%), from €22,417 to €66,292
- Trade debts -€11,106
down €11,106 (-36.7%), from €30,239 to €19,133
- Gross operating margin -€90,237
down €90,237, from €76,092 to -€14,145
- Financial charges +€20,468
up €20,468 (+87.2%), from €23,478 to €43,946
- Taxes -€11,336
down €11,336 (-100%), from €11,336 to €0
- Other operating charges -€2,838
down €2,838 (-93.6%), from €3,033 to €195
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,880 | €754,307 | -€31,573 | -4.0% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €784,380 | €752,807 | -€31,573 | -4.0% |
| Amounts receivable within one year | 40/41 | €774,513 | €747,674 | -€26,839 | -3.5% |
| Trade receivables | 40 | €75,500 | €34,960 | -€40,540 | -53.7% |
| Other amounts receivable | 41 | €699,013 | €712,714 | +€13,701 | +2.0% |
| Cash at bank and in hand | 54/58 | €9,867 | €5,133 | -€4,734 | -48.0% |
| Total equity and liabilities | 10/49 | €785,880 | €754,307 | -€31,573 | -4.0% |
| Equity | 10/15 | €40,832 | -€17,454 | -€58,287 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,332 | -€19,954 | -€58,287 | |
| Amounts payable | 17/49 | €745,048 | €771,761 | +€26,714 | +3.6% |
| Amounts payable within one year | 42/48 | €722,631 | €705,469 | -€17,161 | -2.4% |
| Trade debts | 44 | €30,239 | €19,133 | -€11,106 | -36.7% |
| Suppliers | 440/4 | €30,239 | €19,133 | -€11,106 | -36.7% |
| Taxes, remuneration and social security | 45 | €11,336 | €11,336 | = | 0.0% |
| Taxes | 450/3 | €11,336 | €11,336 | = | 0.0% |
| Other amounts payable | 47/48 | €681,055 | €675,000 | -€6,055 | -0.9% |
| Accrued charges and deferred income | 492/3 | €22,417 | €66,292 | +€43,875 | +196% |
| Other operating charges | 640/8 | €3,033 | €195 | -€2,838 | -93.6% |
| Gross operating margin | 9900 | €76,092 | -€14,145 | -€90,237 | |
| Operating profit (loss) | 9901 | €73,059 | -€14,340 | -€87,399 | |
| Financial income | 75/76B | €88 | €0 | -€88 | -100% |
| Recurring financial income | 75 | €88 | €0 | -€88 | -100% |
| Financial charges | 65/66B | €23,478 | €43,946 | +€20,468 | +87.2% |
| Recurring financial charges | 65 | €23,478 | €43,946 | +€20,468 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €49,669 | -€58,287 | -€107,955 | |
| Income taxes | 67/77 | €11,336 | €0 | -€11,336 | -100% |
| Profit (loss) for the period | 9904 | €38,332 | -€58,287 | -€96,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,332 | -€58,287 | -€96,619 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.