Rubines: 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.
Rubines
Largest movements
- Tangible fixed assets +€136,976
up €136,976 (+1010.1%), from €13,561 to €150,536
- Receivables within one year +€75,656
up €75,656 (+227.9%), from €33,192 to €108,848
of which Trade receivables: +€75,698
- Cash -€30,057
down €30,057 (-28.3%), from €106,214 to €76,157
mainly Investment in fixed assets (net) (-€146,056) and Receivables within one year (-€75,656)
- Reserves +€97,489
up €97,489 (+125.1%), from €77,945 to €175,433
- Trade debts +€82,245
up €82,245 (+8956.3%), from €918 to €83,163
- Gross operating margin +€31,369
up €31,369 (+28.5%), from €110,002 to €141,370
- Taxes +€7,554
up €7,554 (+37.9%), from €19,944 to €27,498
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 | €352,967 | €537,711 | +€184,745 | +52.3% |
| Fixed assets | 21/28 | €213,561 | €350,536 | +€136,976 | +64.1% |
| Tangible fixed assets | 22/27 | €13,561 | €150,536 | +€136,976 | +1010.1% |
| Furniture and vehicles | 24 | €13,561 | €150,536 | +€136,976 | +1010.1% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €139,406 | €187,175 | +€47,769 | +34.3% |
| Amounts receivable within one year | 40/41 | €33,192 | €108,848 | +€75,656 | +227.9% |
| Trade receivables | 40 | €33,150 | €108,848 | +€75,698 | +228.3% |
| Other amounts receivable | 41 | €42 | €0 | -€42 | -100.0% |
| Cash at bank and in hand | 54/58 | €106,214 | €76,157 | -€30,057 | -28.3% |
| Deferred charges and accrued income | 490/1 | - | €2,170 | +€2,170 | |
| Total equity and liabilities | 10/49 | €352,967 | €537,711 | +€184,745 | +52.3% |
| Equity | 10/15 | €277,945 | €375,433 | +€97,489 | +35.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €77,945 | €175,433 | +€97,489 | +125.1% |
| Distributable reserves | 133 | €77,945 | €175,433 | +€97,489 | +125.1% |
| Amounts payable | 17/49 | €75,022 | €162,278 | +€87,256 | +116.3% |
| Amounts payable within one year | 42/48 | €73,230 | €159,684 | +€86,453 | +118.1% |
| Trade debts | 44 | €918 | €83,163 | +€82,245 | +8956.3% |
| Suppliers | 440/4 | €918 | €83,163 | +€82,245 | +8956.3% |
| Taxes, remuneration and social security | 45 | €38,032 | €41,148 | +€3,116 | +8.2% |
| Taxes | 450/3 | €36,812 | €39,928 | +€3,116 | +8.5% |
| Remuneration and social security | 454/9 | €1,220 | €1,220 | = | 0.0% |
| Other amounts payable | 47/48 | €34,280 | €35,373 | +€1,093 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,792 | €2,594 | +€802 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,735 | €9,081 | -€654 | -6.7% |
| Other operating charges | 640/8 | €553 | €884 | +€331 | +59.9% |
| Non-recurring operating charges | 66A | - | €3,781 | +€3,781 | |
| Gross operating margin | 9900 | €110,002 | €141,370 | +€31,369 | +28.5% |
| Operating profit (loss) | 9901 | €99,714 | €127,624 | +€27,910 | +28.0% |
| Financial charges | 65/66B | €1,826 | €2,638 | +€812 | +44.5% |
| Recurring financial charges | 65 | €1,826 | €2,638 | +€812 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €97,888 | €124,986 | +€27,098 | +27.7% |
| Income taxes | 67/77 | €19,944 | €27,498 | +€7,554 | +37.9% |
| Profit (loss) for the period | 9904 | €77,945 | €97,489 | +€19,544 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,945 | €97,489 | +€19,544 | +25.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.