RUBILAN: 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.
RUBILAN
Largest movements
- Cash +€58,171
up €58,171 (+33.5%), from €173,889 to €232,060
mainly Net result for the year (+€65,983) and Depreciation (+€17,168)
- Tangible fixed assets -€16,425
down €16,425 (-32.6%), from €50,323 to €33,899
of which Furniture and vehicles: -€13,779
- Receivables within one year +€7,130
up €7,130 (+39.1%), from €18,220 to €25,350
of which Other amounts receivable: +€7,200
- Reserves +€65,983
up €65,983 (+35.1%), from €188,212 to €254,194
- Debts after one year -€13,670
down €13,670 (-59.8%), from €22,865 to €9,195
- Gross operating margin +€7,923
up €7,923 (+8.5%), from €92,782 to €100,705
- Taxes +€1,479
up €1,479 (+9.3%), from €15,986 to €17,465
- Depreciation +€1,028
up €1,028 (+6.4%), from €16,140 to €17,168
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 | €260,026 | €309,018 | +€48,991 | +18.8% |
| Fixed assets | 21/28 | €50,323 | €33,899 | -€16,425 | -32.6% |
| Tangible fixed assets | 22/27 | €50,323 | €33,899 | -€16,425 | -32.6% |
| Land and buildings | 22 | €5,778 | €5,176 | -€603 | -10.4% |
| Plant, machinery and equipment | 23 | €5,577 | €3,534 | -€2,043 | -36.6% |
| Furniture and vehicles | 24 | €38,968 | €25,189 | -€13,779 | -35.4% |
| Current assets | 29/58 | €209,703 | €275,119 | +€65,416 | +31.2% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,220 | €25,350 | +€7,130 | +39.1% |
| Trade receivables | 40 | €18,220 | €18,150 | -€70 | -0.4% |
| Other amounts receivable | 41 | - | €7,200 | +€7,200 | |
| Cash at bank and in hand | 54/58 | €173,889 | €232,060 | +€58,171 | +33.5% |
| Deferred charges and accrued income | 490/1 | €2,594 | €2,709 | +€115 | +4.4% |
| Total equity and liabilities | 10/49 | €260,026 | €309,018 | +€48,991 | +18.8% |
| Equity | 10/15 | €193,212 | €259,194 | +€65,983 | +34.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €188,212 | €254,194 | +€65,983 | +35.1% |
| Distributable reserves | 133 | €188,212 | €254,194 | +€65,983 | +35.1% |
| Amounts payable | 17/49 | €66,815 | €49,823 | -€16,991 | -25.4% |
| Amounts payable after more than one year | 17 | €22,865 | €9,195 | -€13,670 | -59.8% |
| Financial debts | 170/4 | €22,865 | €9,195 | -€13,670 | -59.8% |
| Amounts payable within one year | 42/48 | €43,950 | €40,628 | -€3,322 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €13,523 | €13,670 | +€147 | +1.1% |
| Trade debts | 44 | €788 | €265 | -€522 | -66.3% |
| Suppliers | 440/4 | €788 | €265 | -€522 | -66.3% |
| Taxes, remuneration and social security | 45 | €26,895 | €26,693 | -€202 | -0.8% |
| Taxes | 450/3 | €26,895 | €26,693 | -€202 | -0.8% |
| Other amounts payable | 47/48 | €2,744 | - | -€2,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,140 | €17,168 | +€1,028 | +6.4% |
| Other operating charges | 640/8 | €132 | €141 | +€9 | +6.7% |
| Gross operating margin | 9900 | €92,782 | €100,705 | +€7,923 | +8.5% |
| Operating profit (loss) | 9901 | €76,511 | €83,397 | +€6,886 | +9.0% |
| Financial income | 75/76B | €492 | €391 | -€101 | -20.5% |
| Recurring financial income | 75 | €492 | €391 | -€101 | -20.5% |
| Financial charges | 65/66B | €561 | €340 | -€221 | -39.4% |
| Recurring financial charges | 65 | €561 | €340 | -€221 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €76,441 | €83,448 | +€7,007 | +9.2% |
| Income taxes | 67/77 | €15,986 | €17,465 | +€1,479 | +9.3% |
| Profit (loss) for the period | 9904 | €60,455 | €65,983 | +€5,528 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,455 | €65,983 | +€5,528 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.