RUBINI GARDENS: what changed
RUBINI GARDENS
Largest movements
- Tangible fixed assets +€30,918
up €30,918 (+24.8%), from €124,734 to €155,653
of which Leasing and similar rights: +€59,279
- Cash +€24,750
up €24,750 (+151%), from €16,403 to €41,153
mainly Depreciation (+€52,020) and Net result for the year (+€31,687)
- Receivables within one year -€13,331
down €13,331 (-40.4%), from €32,979 to €19,647
of which Trade receivables: -€13,701
- Deferred charges and accrued income +€5,937
up €5,937 (+2,292%), from €259 to €6,196
- Reserves +€31,687
new in 2025: €31,687
- Debts after one year +€28,182
up €28,182 (+40.0%), from €70,542 to €98,724
of which Financial debts: +€36,032
- Current portion of long-term debt +€13,381
up €13,381 (+115%), from €11,611 to €24,992
- Trade debts -€10,356
down €10,356 (-30.2%), from €34,236 to €23,880
- Tax, wage and social debts -€7,425
down €7,425 (-25.9%), from €28,689 to €21,265
of which Remuneration and social security: -€10,200
- Gross operating margin +€107,045
up €107,045 (+68.4%), from €156,483 to €263,528
- Staff costs +€39,251
up €39,251 (+32.7%), from €120,207 to €159,458
- Depreciation +€13,929
up €13,929 (+36.6%), from €38,091 to €52,020
- Taxes +€13,239
new in 2025: €13,239
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 | €174,375 | €222,649 | +€48,274 | +27.7% |
| Fixed assets | 21/28 | €124,734 | €155,653 | +€30,918 | +24.8% |
| Tangible fixed assets | 22/27 | €124,734 | €155,653 | +€30,918 | +24.8% |
| Plant, machinery and equipment | 23 | €59,051 | €45,257 | -€13,795 | -23.4% |
| Furniture and vehicles | 24 | €65,683 | €51,117 | -€14,566 | -22.2% |
| Leasing and similar rights | 25 | - | €59,279 | +€59,279 | |
| Current assets | 29/58 | €49,641 | €66,996 | +€17,355 | +35.0% |
| Amounts receivable within one year | 40/41 | €32,979 | €19,647 | -€13,331 | -40.4% |
| Trade receivables | 40 | €22,979 | €9,278 | -€13,701 | -59.6% |
| Other amounts receivable | 41 | €10,000 | €10,370 | +€370 | +3.7% |
| Cash at bank and in hand | 54/58 | €16,403 | €41,153 | +€24,750 | +151% |
| Deferred charges and accrued income | 490/1 | €259 | €6,196 | +€5,937 | +2,292% |
| Total equity and liabilities | 10/49 | €174,375 | €222,649 | +€48,274 | +27.7% |
| Equity | 10/15 | €22,100 | €53,787 | +€31,687 | +143% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €31,687 | +€31,687 | |
| Distributable reserves | 133 | - | €31,687 | +€31,687 | |
| Profit (loss) carried forward | 14 | €17,100 | €17,100 | = | 0.0% |
| Amounts payable | 17/49 | €152,275 | €168,862 | +€16,587 | +10.9% |
| Amounts payable after more than one year | 17 | €70,542 | €98,724 | +€28,182 | +40.0% |
| Financial debts | 170/4 | €24,689 | €60,721 | +€36,032 | +146% |
| Other amounts payable | 178/9 | €45,853 | €38,003 | -€7,850 | -17.1% |
| Amounts payable within one year | 42/48 | €81,733 | €70,137 | -€11,595 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €11,611 | €24,992 | +€13,381 | +115% |
| Trade debts | 44 | €34,236 | €23,880 | -€10,356 | -30.2% |
| Suppliers | 440/4 | €34,236 | €23,880 | -€10,356 | -30.2% |
| Advances received on contracts in progress | 46 | €7,196 | - | -€7,196 | |
| Taxes, remuneration and social security | 45 | €28,689 | €21,265 | -€7,425 | -25.9% |
| Taxes | 450/3 | €1,931 | €4,706 | +€2,775 | +144% |
| Remuneration and social security | 454/9 | €26,758 | €16,558 | -€10,200 | -38.1% |
| Remuneration, social security and pensions | 62 | €120,207 | €159,458 | +€39,251 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,091 | €52,020 | +€13,929 | +36.6% |
| Other operating charges | 640/8 | €1,081 | €1,465 | +€384 | +35.5% |
| Gross operating margin | 9900 | €156,483 | €263,528 | +€107,045 | +68.4% |
| Operating profit (loss) | 9901 | -€2,896 | €50,585 | +€53,481 | |
| Financial income | 75/76B | €0 | €39 | +€39 | +97,125% |
| Recurring financial income | 75 | €0 | €39 | +€39 | +97,125% |
| Financial charges | 65/66B | €4,218 | €5,698 | +€1,480 | +35.1% |
| Recurring financial charges | 65 | €4,218 | €5,698 | +€1,480 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,114 | €44,926 | +€52,040 | |
| Income taxes | 67/77 | - | €13,239 | +€13,239 | |
| Profit (loss) for the period | 9904 | -€7,114 | €31,687 | +€38,801 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,114 | €31,687 | +€38,801 |
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 7 November 2026 via checked.be.