RUBOP: 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.
RUBOP
Largest movements
- Cash +€56,280
up €56,280 (+212.1%), from €26,532 to €82,812
mainly Trade debts (+€57,525) and Depreciation (+€38,878)
- Tangible fixed assets -€36,172
down €36,172 (-51.6%), from €70,046 to €33,874
of which Other tangible fixed assets: -€24,048
- Receivables within one year +€16,191
up €16,191 (+25.5%), from €63,521 to €79,712
of which Trade receivables: +€12,273
- Stocks and contracts -€13,370
down €13,370 (-80.9%), from €16,520 to €3,150
- Current portion of long-term debt -€67,052
down €67,052 (-92.8%), from €72,231 to €5,179
- Trade debts +€57,525
up €57,525 (+95.6%), from €60,174 to €117,699
- Tax, wage and social debts +€20,854
up €20,854 (+65.2%), from €31,983 to €52,837
of which Remuneration and social security: +€15,024
- Reserves +€9,000
new in 2025: €9,000
- Accrued charges and deferred income +€6,534
up €6,534 (+756.3%), from €864 to €7,398
- Turnover +€147,548
up €147,548 (+9.5%), from €1.6m to €1.7m
- Purchases and services +€124,069
up €124,069 (+10.8%), from €1.1m to €1.3m
- Staff costs +€36,800
up €36,800 (+10.9%), from €337,081 to €373,881
- Depreciation -€31,394
down €31,394 (-44.7%), from €70,272 to €38,878
- Gross operating margin +€23,258
up €23,258 (+5.6%), from €412,320 to €435,578
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 | €176,719 | €199,648 | +€22,929 | +13.0% |
| Fixed assets | 21/28 | €70,146 | €33,974 | -€36,172 | -51.6% |
| Tangible fixed assets | 22/27 | €70,046 | €33,874 | -€36,172 | -51.6% |
| Plant, machinery and equipment | 23 | €12,486 | €7,589 | -€4,897 | -39.2% |
| Furniture and vehicles | 24 | €27,874 | €20,647 | -€7,227 | -25.9% |
| Other tangible fixed assets | 26 | €29,686 | €5,638 | -€24,048 | -81.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €106,573 | €165,674 | +€59,101 | +55.5% |
| Stocks and contracts in progress | 3 | €16,520 | €3,150 | -€13,370 | -80.9% |
| Stocks | 30/36 | €16,520 | €3,150 | -€13,370 | -80.9% |
| Amounts receivable within one year | 40/41 | €63,521 | €79,712 | +€16,191 | +25.5% |
| Trade receivables | 40 | €28,167 | €40,440 | +€12,273 | +43.6% |
| Other amounts receivable | 41 | €35,354 | €39,272 | +€3,918 | +11.1% |
| Cash at bank and in hand | 54/58 | €26,532 | €82,812 | +€56,280 | +212.1% |
| Total equity and liabilities | 10/49 | €176,719 | €199,648 | +€22,929 | +13.0% |
| Equity | 10/15 | €5,215 | €15,474 | +€10,259 | +196.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | -€985 | €274 | +€1,259 | |
| Amounts payable | 17/49 | €171,504 | €184,174 | +€12,670 | +7.4% |
| Amounts payable after more than one year | 17 | €6,063 | €885 | -€5,178 | -85.4% |
| Financial debts | 170/4 | €6,063 | €885 | -€5,178 | -85.4% |
| Amounts payable within one year | 42/48 | €164,577 | €175,891 | +€11,314 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €72,231 | €5,179 | -€67,052 | -92.8% |
| Trade debts | 44 | €60,174 | €117,699 | +€57,525 | +95.6% |
| Suppliers | 440/4 | €60,174 | €117,699 | +€57,525 | +95.6% |
| Taxes, remuneration and social security | 45 | €31,983 | €52,837 | +€20,854 | +65.2% |
| Taxes | 450/3 | €3,510 | €9,340 | +€5,830 | +166.1% |
| Remuneration and social security | 454/9 | €28,473 | €43,497 | +€15,024 | +52.8% |
| Other amounts payable | 47/48 | €189 | €176 | -€13 | -6.9% |
| Accrued charges and deferred income | 492/3 | €864 | €7,398 | +€6,534 | +756.3% |
| Turnover | 70 | €1,554,869 | €1,702,417 | +€147,548 | +9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,147,783 | €1,271,852 | +€124,069 | +10.8% |
| Remuneration, social security and pensions | 62 | €337,081 | €373,881 | +€36,800 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,272 | €38,878 | -€31,394 | -44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €840 | - | -€840 | |
| Other operating charges | 640/8 | €1,676 | €2,378 | +€702 | +41.9% |
| Gross operating margin | 9900 | €412,320 | €435,578 | +€23,258 | +5.6% |
| Operating profit (loss) | 9901 | €2,451 | €20,441 | +€17,990 | +734.0% |
| Financial income | 75/76B | €417 | €2 | -€415 | -99.5% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -50.0% |
| Non-recurring financial income | 76B | €413 | - | -€413 | |
| Financial charges | 65/66B | €3,101 | €2,260 | -€841 | -27.1% |
| Recurring financial charges | 65 | €3,101 | €2,260 | -€841 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€233 | €18,183 | +€18,416 | |
| Income taxes | 67/77 | €2,100 | €7,925 | +€5,825 | +277.4% |
| Profit (loss) for the period | 9904 | -€2,333 | €10,258 | +€12,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,333 | €10,258 | +€12,591 |
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 3 October 2026 via checked.be.