RUBIO HOLDING: 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.
What changed
RUBIO HOLDING
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €50,803+€1.7m
Equity
€29.3m
2024 · €20.2m+€9.1m
Cash
€81,532
2024 · €47,560+€33,973
Balance sheet total
€29.6m
2024 · €21.3m+€8.4m
Largest movements
Assets
- Financial fixed assets +€7.4m
up €7.4m (+37.1%), from €19.9m to €27.3m
- Current investments +€750,000
new in 2025: €750,000
Equity and liabilities
- Reserves +€9.1m
up €9.1m (+328%), from €2.8m to €11.9m
of which Distributable reserves: +€9.1m
- Debts after one year -€876,461
down €876,461 (-86.9%), from €1.0m to €132,211
of which Other amounts payable: -€855,241
Income statement
- Financial income +€1.6m
up €1.6m (+36,121%), from €4,428 to €1.6m
of which Financial income: +€1.6m
- Gross operating margin +€57,679
up €57,679 (+23.0%), from €250,638 to €308,317
- Depreciation +€37,613
up €37,613 (+87.5%), from €42,988 to €80,601
- Taxes -€22,333
down €22,333 (-57.0%), from €39,194 to €16,861
- Financial charges -€8,343
down €8,343 (-37.7%), from €22,146 to €13,803
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.
Result 2024
€50,803
Gross operating margin
+€57,679
Staff costs
-€1,933
Depreciation
-€37,613
Other operating charges
+€1,537
Other operating items
+€540
Financial income
+€1.6m
Financial charges
+€8,343
Taxes
+€22,333
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€8.2m
Financing
+€6.5m
Cash 2024
€47,560
From operations (derived)
+€1.7m
Net result for the year
+€1.7m
Depreciation
+€80,601
Receivables after one year
-€50,000
Stocks and contracts
-€175,033
Smaller working-capital items
+€10,927
Trade debts
+€152,470
Investment (derived)
-€8.2m
Investment in fixed assets (net)
-€7.4m
Current investments
-€750,000
Financing
+€6.5m
Debts after one year
-€876,461
Current portion of long-term debt
+€286
Contributions, distributions and other
+€7.4m
Cash 2025
€81,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,292,675 | €29,647,251 | +€8.4m | +39.2% |
| Fixed assets | 21/28 | €20,760,771 | €28,127,266 | +€7.4m | +35.5% |
| Tangible fixed assets | 22/27 | €835,771 | €815,200 | -€20,570 | -2.5% |
| Land and buildings | 22 | €625,239 | €626,599 | +€1,359 | +0.2% |
| Plant, machinery and equipment | 23 | €7,445 | €4,379 | -€3,066 | -41.2% |
| Furniture and vehicles | 24 | €203,086 | €184,223 | -€18,864 | -9.3% |
| Financial fixed assets | 28 | €19,925,000 | €27,312,065 | +€7.4m | +37.1% |
| Current assets | 29/58 | €531,905 | €1,519,986 | +€988,081 | +186% |
| Amounts receivable after more than one year | 29 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Other amounts receivable | 291 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Stocks and contracts in progress | 3 | €292,662 | €467,695 | +€175,033 | +59.8% |
| Stocks | 30/36 | €292,662 | €467,695 | +€175,033 | +59.8% |
| Amounts receivable within one year | 40/41 | €82,420 | €69,304 | -€13,115 | -15.9% |
| Trade receivables | 40 | €21,267 | €28,806 | +€7,539 | +35.4% |
| Other amounts receivable | 41 | €61,153 | €40,499 | -€20,654 | -33.8% |
| Current investments | 50/53 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €47,560 | €81,532 | +€33,973 | +71.4% |
| Deferred charges and accrued income | 490/1 | €9,263 | €1,454 | -€7,809 | -84.3% |
| Total equity and liabilities | 10/49 | €21,292,675 | €29,647,251 | +€8.4m | +39.2% |
| Equity | 10/15 | €20,192,502 | €29,280,780 | +€9.1m | +45.0% |
| Contributions | 10/11 | €17,425,000 | €17,425,000 | = | 0.0% |
| Reserves | 13 | €2,767,502 | €11,855,780 | +€9.1m | +328% |
| Non-distributable reserves | 130/1 | €1,088,000 | €1,088,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,088,000 | €1,088,000 | = | 0.0% |
| Distributable reserves | 133 | €1,679,502 | €10,767,780 | +€9.1m | +541% |
| Amounts payable | 17/49 | €1,100,173 | €366,471 | -€733,702 | -66.7% |
| Amounts payable after more than one year | 17 | €1,008,672 | €132,211 | -€876,461 | -86.9% |
| Financial debts | 170/4 | €153,431 | €132,211 | -€21,220 | -13.8% |
| Other amounts payable | 178/9 | €855,241 | €0 | -€855,241 | -100% |
| Amounts payable within one year | 42/48 | €87,809 | €231,322 | +€143,513 | +163% |
| Current portion of amounts payable after more than one year | 42 | €20,934 | €21,220 | +€286 | +1.4% |
| Trade debts | 44 | €7,977 | €160,447 | +€152,470 | +1,911% |
| Suppliers | 440/4 | €7,977 | €160,447 | +€152,470 | +1,911% |
| Taxes, remuneration and social security | 45 | €58,899 | €49,656 | -€9,243 | -15.7% |
| Taxes | 450/3 | €34,292 | €24,520 | -€9,773 | -28.5% |
| Remuneration and social security | 454/9 | €24,606 | €25,136 | +€530 | +2.2% |
| Accrued charges and deferred income | 492/3 | €3,692 | €2,938 | -€754 | -20.4% |
| Remuneration, social security and pensions | 62 | €95,594 | €97,526 | +€1,933 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,988 | €80,601 | +€37,613 | +87.5% |
| Other operating charges | 640/8 | €3,802 | €2,265 | -€1,537 | -40.4% |
| Non-recurring operating charges | 66A | €540 | €0 | -€540 | -100% |
| Gross operating margin | 9900 | €250,638 | €308,317 | +€57,679 | +23.0% |
| Operating profit (loss) | 9901 | €107,715 | €127,925 | +€20,210 | +18.8% |
| Financial income | 75/76B | €4,428 | €1,603,951 | +€1.6m | +36,121% |
| Recurring financial income | 75 | €4,428 | €1,603,951 | +€1.6m | +36,121% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €22,146 | €13,803 | -€8,343 | -37.7% |
| Recurring financial charges | 65 | €22,146 | €13,803 | -€8,343 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €89,997 | €1,718,074 | +€1.6m | +1,809% |
| Income taxes | 67/77 | €39,194 | €16,861 | -€22,333 | -57.0% |
| Profit (loss) for the period | 9904 | €50,803 | €1,701,213 | +€1.7m | +3,249% |
| Profit (loss) for the period to be appropriated | 9905 | €50,803 | €1,701,213 | +€1.7m | +3,249% |
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 24 October 2026 via checked.be.