RUBISCO ENGINEERING: 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.
RUBISCO ENGINEERING
Largest movements
- Cash -€38,345
down €38,345 (-48.3%), from €79,461 to €41,116
mainly Net result for the year (-€23,315) and Tax, wage and social debts (-€14,256)
- Tangible fixed assets +€4,347
up €4,347 (+300.0%), from €1,449 to €5,796
of which Other tangible fixed assets: +€5,057
- Receivables within one year -€1,033
down €1,033 (-18.9%), from €5,463 to €4,430
of which Trade receivables: -€2,777
- Profit (loss) carried forward -€23,315
down €23,315 (-39.8%), from €58,542 to €35,228
- Tax, wage and social debts -€14,256
no longer reported in 2025 (was €14,256)
- Other debts +€1,979
up €1,979 (+17.8%), from €11,136 to €13,115
- Gross operating margin -€74,838
down €74,838, from €52,344 to -€22,494
- Taxes -€10,610
no longer reported in 2025 (was €10,610)
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 | €86,629 | €51,342 | -€35,287 | -40.7% |
| Fixed assets | 21/28 | €1,449 | €5,796 | +€4,347 | +300.0% |
| Tangible fixed assets | 22/27 | €1,449 | €5,796 | +€4,347 | +300.0% |
| Furniture and vehicles | 24 | €1,449 | €739 | -€710 | -49.0% |
| Other tangible fixed assets | 26 | - | €5,057 | +€5,057 | |
| Current assets | 29/58 | €85,179 | €45,546 | -€39,634 | -46.5% |
| Amounts receivable within one year | 40/41 | €5,463 | €4,430 | -€1,033 | -18.9% |
| Trade receivables | 40 | €5,463 | €2,686 | -€2,777 | -50.8% |
| Other amounts receivable | 41 | - | €1,744 | +€1,744 | |
| Cash at bank and in hand | 54/58 | €79,461 | €41,116 | -€38,345 | -48.3% |
| Deferred charges and accrued income | 490/1 | €256 | - | -€256 | |
| Total equity and liabilities | 10/49 | €86,629 | €51,342 | -€35,287 | -40.7% |
| Equity | 10/15 | €60,542 | €37,228 | -€23,315 | -38.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,542 | €35,228 | -€23,315 | -39.8% |
| Amounts payable | 17/49 | €26,086 | €14,114 | -€11,972 | -45.9% |
| Amounts payable within one year | 42/48 | €26,086 | €13,714 | -€12,372 | -47.4% |
| Trade debts | 44 | €695 | €599 | -€96 | -13.8% |
| Suppliers | 440/4 | €695 | €599 | -€96 | -13.8% |
| Taxes, remuneration and social security | 45 | €14,256 | - | -€14,256 | |
| Taxes | 450/3 | €14,256 | - | -€14,256 | |
| Other amounts payable | 47/48 | €11,136 | €13,115 | +€1,979 | +17.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €743 | +€34 | +4.7% |
| Gross operating margin | 9900 | €52,344 | -€22,494 | -€74,838 | |
| Operating profit (loss) | 9901 | €51,634 | -€23,238 | -€74,872 | |
| Financial charges | 65/66B | €132 | €77 | -€55 | -41.6% |
| Recurring financial charges | 65 | €132 | €77 | -€55 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €51,502 | -€23,315 | -€74,817 | |
| Income taxes | 67/77 | €10,610 | - | -€10,610 | |
| Profit (loss) for the period | 9904 | €40,893 | -€23,315 | -€64,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,893 | -€23,315 | -€64,207 |
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 9 October 2026 via checked.be.