RUBON: 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.
RUBON
Largest movements
- Deferred charges and accrued income +€149,621
up €149,621 (+19,659%), from €761 to €150,382
- Tangible fixed assets +€99,223
up €99,223 (+42.7%), from €232,589 to €331,812
- Other debts +€443,530
new in 2025: €443,530
- Debts after one year -€417,776
no longer reported in 2025 (was €417,776)
of which Other amounts payable: -€417,130
- Profit (loss) carried forward +€227,093
up €227,093, from -€217,832 to €9,261
- Current portion of long-term debt -€7,061
down €7,061 (-91.6%), from €7,707 to €646
- Trade debts -€5,870
down €5,870 (-73.5%), from €7,984 to €2,114
- Gross operating margin +€256,969
up €256,969, from -€18,495 to €238,474
- Depreciation -€6,568
no longer reported in 2025 (was €6,568)
- Other operating charges +€4,794
up €4,794 (+201%), from €2,387 to €7,182
- Taxes +€4,019
new in 2025: €4,019
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,297 | €482,970 | +€248,673 | +106% |
| Fixed assets | 21/28 | €232,589 | €331,812 | +€99,223 | +42.7% |
| Tangible fixed assets | 22/27 | €232,589 | €331,812 | +€99,223 | +42.7% |
| Land and buildings | 22 | €232,589 | €331,812 | +€99,223 | +42.7% |
| Current assets | 29/58 | €1,709 | €151,158 | +€149,450 | +8,747% |
| Cash at bank and in hand | 54/58 | €948 | €777 | -€171 | -18.0% |
| Deferred charges and accrued income | 490/1 | €761 | €150,382 | +€149,621 | +19,659% |
| Total equity and liabilities | 10/49 | €234,297 | €482,970 | +€248,673 | +106% |
| Equity | 10/15 | -€199,232 | €27,861 | +€227,093 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,832 | €9,261 | +€227,093 | |
| Amounts payable | 17/49 | €433,530 | €455,109 | +€21,580 | +5.0% |
| Amounts payable after more than one year | 17 | €417,776 | - | -€417,776 | |
| Financial debts | 170/4 | €646 | - | -€646 | |
| Other amounts payable | 178/9 | €417,130 | - | -€417,130 | |
| Amounts payable within one year | 42/48 | €15,691 | €450,309 | +€434,618 | +2,770% |
| Current portion of amounts payable after more than one year | 42 | €7,707 | €646 | -€7,061 | -91.6% |
| Trade debts | 44 | €7,984 | €2,114 | -€5,870 | -73.5% |
| Suppliers | 440/4 | €7,984 | €2,114 | -€5,870 | -73.5% |
| Taxes, remuneration and social security | 45 | - | €4,019 | +€4,019 | |
| Taxes | 450/3 | - | €4,019 | +€4,019 | |
| Other amounts payable | 47/48 | - | €443,530 | +€443,530 | |
| Accrued charges and deferred income | 492/3 | €62 | €4,800 | +€4,738 | +7,642% |
| Non-recurring operating income | 76A | - | €99,223 | +€99,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,568 | - | -€6,568 | |
| Other operating charges | 640/8 | €2,387 | €7,182 | +€4,794 | +201% |
| Gross operating margin | 9900 | -€18,495 | €238,474 | +€256,969 | |
| Operating profit (loss) | 9901 | -€27,450 | €231,293 | +€258,743 | |
| Financial charges | 65/66B | €265 | €181 | -€84 | -31.7% |
| Recurring financial charges | 65 | €265 | €181 | -€84 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,715 | €231,112 | +€258,827 | |
| Income taxes | 67/77 | - | €4,019 | +€4,019 | |
| Profit (loss) for the period | 9904 | -€27,715 | €227,093 | +€254,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,715 | €227,093 | +€254,808 |
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 31 October 2026 via checked.be.