RUBINA: 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.
RUBINA
Largest movements
- Receivables within one year -€11,630
down €11,630 (-88.7%), from €13,109 to €1,479
of which Trade receivables: -€11,857
- Tangible fixed assets +€10,546
up €10,546 (+1430.4%), from €737 to €11,283
of which Furniture and vehicles: +€6,942
- Financial fixed assets -€3,836
down €3,836 (-97.5%), from €3,936 to €100
- Cash -€1,917
down €1,917 (-27.3%), from €7,033 to €5,116
mainly Advances received (-€9,808) and Investment in fixed assets (net) (-€9,476)
- Stocks and contracts +€730
up €730 (+37.7%), from €1,935 to €2,664
- Profit (loss) carried forward +€10,203
up €10,203 (+40.3%), from -€25,341 to -€15,138
- Advances received -€9,808
down €9,808 (-94.4%), from €10,388 to €580
- Other debts -€6,585
down €6,585 (-25.5%), from €25,861 to €19,277
- Tax, wage and social debts +€1,471
new in 2025: €1,471
- Trade debts -€1,006
down €1,006 (-32.9%), from €3,058 to €2,052
- Gross operating margin +€20,832
up €20,832 (+143.5%), from €14,521 to €35,353
- Staff costs +€20,328
new in 2025: €20,328
- Other operating charges +€1,225
up €1,225 (+128.1%), from €956 to €2,182
- Depreciation -€721
down €721 (-20.7%), from €3,488 to €2,767
- Financial income +€403
up €403 (+4034700.0%), from €0 to €403
of which Non-recurring financial income: +€403
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 | €27,035 | €20,643 | -€6,392 | -23.6% |
| Fixed assets | 21/28 | €4,673 | €11,383 | +€6,709 | +143.6% |
| Tangible fixed assets | 22/27 | €737 | €11,283 | +€10,546 | +1430.4% |
| Plant, machinery and equipment | 23 | €104 | - | -€104 | |
| Furniture and vehicles | 24 | €633 | €7,575 | +€6,942 | +1097.0% |
| Other tangible fixed assets | 26 | - | €3,707 | +€3,707 | |
| Financial fixed assets | 28 | €3,936 | €100 | -€3,836 | -97.5% |
| Current assets | 29/58 | €22,362 | €9,260 | -€13,102 | -58.6% |
| Stocks and contracts in progress | 3 | €1,935 | €2,664 | +€730 | +37.7% |
| Stocks | 30/36 | €1,935 | €2,664 | +€730 | +37.7% |
| Amounts receivable within one year | 40/41 | €13,109 | €1,479 | -€11,630 | -88.7% |
| Trade receivables | 40 | €11,857 | - | -€11,857 | |
| Other amounts receivable | 41 | €1,252 | €1,479 | +€228 | +18.2% |
| Cash at bank and in hand | 54/58 | €7,033 | €5,116 | -€1,917 | -27.3% |
| Deferred charges and accrued income | 490/1 | €285 | - | -€285 | |
| Total equity and liabilities | 10/49 | €27,035 | €20,643 | -€6,392 | -23.6% |
| Equity | 10/15 | -€12,941 | -€2,738 | +€10,203 | +78.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,341 | -€15,138 | +€10,203 | +40.3% |
| Amounts payable | 17/49 | €39,976 | €23,380 | -€16,596 | -41.5% |
| Amounts payable within one year | 42/48 | €39,976 | €23,380 | -€16,596 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €668 | - | -€668 | |
| Trade debts | 44 | €3,058 | €2,052 | -€1,006 | -32.9% |
| Suppliers | 440/4 | €3,058 | €2,052 | -€1,006 | -32.9% |
| Advances received on contracts in progress | 46 | €10,388 | €580 | -€9,808 | -94.4% |
| Taxes, remuneration and social security | 45 | - | €1,471 | +€1,471 | |
| Remuneration and social security | 454/9 | - | €1,471 | +€1,471 | |
| Other amounts payable | 47/48 | €25,861 | €19,277 | -€6,585 | -25.5% |
| Remuneration, social security and pensions | 62 | - | €20,328 | +€20,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,488 | €2,767 | -€721 | -20.7% |
| Other operating charges | 640/8 | €956 | €2,182 | +€1,225 | +128.1% |
| Gross operating margin | 9900 | €14,521 | €35,353 | +€20,832 | +143.5% |
| Operating profit (loss) | 9901 | €10,077 | €10,077 | -€0 | 0.0% |
| Financial income | 75/76B | €0 | €403 | +€403 | +4034700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3700.0% |
| Non-recurring financial income | 76B | - | €403 | +€403 | |
| Financial charges | 65/66B | €348 | €277 | -€71 | -20.4% |
| Recurring financial charges | 65 | €348 | €277 | -€71 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €9,729 | €10,203 | +€474 | +4.9% |
| Profit (loss) for the period | 9904 | €9,729 | €10,203 | +€474 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,729 | €10,203 | +€474 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.