RUBICON CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year +€49,132
up €49,132 (+16.4%), from €300,458 to €349,590
of which Trade receivables: +€48,344
- Cash -€42,487
down €42,487 (-72.9%), from €58,294 to €15,807
mainly Receivables within one year (-€49,132) and Debts after one year (-€47,010)
- Tangible fixed assets -€37,820
down €37,820 (-9.2%), from €410,073 to €372,254
of which Furniture and vehicles: -€23,994
- Debts after one year -€47,010
down €47,010 (-37.4%), from €125,625 to €78,615
- Reserves +€26,734
up €26,734 (+5.1%), from €520,972 to €547,706
- Tax, wage and social debts -€9,633
down €9,633 (-46.3%), from €20,805 to €11,172
of which Taxes: -€9,593
- Gross operating margin +€34,050
up €34,050 (+66.4%), from €51,294 to €85,345
- Depreciation +€15,585
up €15,585 (+70.1%), from €22,235 to €37,820
- Taxes +€4,647
up €4,647 (+77.5%), from €5,993 to €10,640
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.
Derived cash bridge
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 | €773,852 | €743,435 | -€30,417 | -3.9% |
| Fixed assets | 21/28 | €410,113 | €372,294 | -€37,820 | -9.2% |
| Tangible fixed assets | 22/27 | €410,073 | €372,254 | -€37,820 | -9.2% |
| Land and buildings | 22 | €295,058 | €283,183 | -€11,875 | -4.0% |
| Plant, machinery and equipment | 23 | €3,394 | €1,443 | -€1,951 | -57.5% |
| Furniture and vehicles | 24 | €111,621 | €87,627 | -€23,994 | -21.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €363,739 | €371,141 | +€7,403 | +2.0% |
| Amounts receivable within one year | 40/41 | €300,458 | €349,590 | +€49,132 | +16.4% |
| Trade receivables | 40 | €270,283 | €318,627 | +€48,344 | +17.9% |
| Other amounts receivable | 41 | €30,175 | €30,963 | +€787 | +2.6% |
| Cash at bank and in hand | 54/58 | €58,294 | €15,807 | -€42,487 | -72.9% |
| Deferred charges and accrued income | 490/1 | €4,986 | €5,744 | +€758 | +15.2% |
| Total equity and liabilities | 10/49 | €773,852 | €743,435 | -€30,417 | -3.9% |
| Equity | 10/15 | €570,381 | €597,115 | +€26,734 | +4.7% |
| Contributions | 10/11 | €48,950 | €48,950 | = | 0.0% |
| Reserves | 13 | €520,972 | €547,706 | +€26,734 | +5.1% |
| Distributable reserves | 133 | €520,972 | €547,706 | +€26,734 | +5.1% |
| Profit (loss) carried forward | 14 | €459 | €459 | = | 0.0% |
| Amounts payable | 17/49 | €203,471 | €146,320 | -€57,151 | -28.1% |
| Amounts payable after more than one year | 17 | €125,625 | €78,615 | -€47,010 | -37.4% |
| Financial debts | 170/4 | €125,625 | €78,615 | -€47,010 | -37.4% |
| Amounts payable within one year | 42/48 | €77,846 | €67,705 | -€10,142 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €45,952 | €47,010 | +€1,057 | +2.3% |
| Trade debts | 44 | €6,720 | €6,032 | -€688 | -10.2% |
| Suppliers | 440/4 | €6,720 | €6,032 | -€688 | -10.2% |
| Taxes, remuneration and social security | 45 | €20,805 | €11,172 | -€9,633 | -46.3% |
| Taxes | 450/3 | €20,765 | €11,172 | -€9,593 | -46.2% |
| Remuneration and social security | 454/9 | €40 | - | -€40 | |
| Other amounts payable | 47/48 | €4,369 | €3,491 | -€878 | -20.1% |
| Non-recurring operating income | 76A | €17,000 | - | -€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,235 | €37,820 | +€15,585 | +70.1% |
| Other operating charges | 640/8 | €3,843 | €3,340 | -€503 | -13.1% |
| Gross operating margin | 9900 | €51,294 | €85,345 | +€34,050 | +66.4% |
| Operating profit (loss) | 9901 | €25,217 | €44,185 | +€18,968 | +75.2% |
| Financial income | 75/76B | €925 | €818 | -€107 | -11.6% |
| Recurring financial income | 75 | €925 | €818 | -€107 | -11.6% |
| Financial charges | 65/66B | €7,166 | €7,629 | +€463 | +6.5% |
| Recurring financial charges | 65 | €7,166 | €7,629 | +€463 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €18,976 | €37,374 | +€18,398 | +97.0% |
| Income taxes | 67/77 | €5,993 | €10,640 | +€4,647 | +77.5% |
| Profit (loss) for the period | 9904 | €12,983 | €26,734 | +€13,751 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €12,983 | €26,734 | +€13,751 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.