RUBOROL: 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.
RUBOROL
Largest movements
- Cash +€103,687
up €103,687 (+697.4%), from €14,867 to €118,554
mainly Trade debts (+€131,366) and Depreciation (+€79,766)
- Stocks and contracts +€97,675
up €97,675 (+54.0%), from €180,981 to €278,656
of which Contracts in progress: +€52,326
- Intangible fixed assets -€35,691
down €35,691 (-14.3%), from €249,838 to €214,146
- Tangible fixed assets -€18,820
down €18,820 (-10.2%), from €184,635 to €165,815
of which Land and buildings: -€20,208
- Trade debts +€131,366
up €131,366 (+59.3%), from €221,348 to €352,713
- Tax, wage and social debts +€16,452
up €16,452 (+98.9%), from €16,639 to €33,091
of which Taxes: +€9,009
- Reserves +€16,000
up €16,000 (+15.1%), from €106,065 to €122,065
- Debts after one year -€15,229
down €15,229 (-4.4%), from €342,913 to €327,684
- Gross operating margin +€73,373
up €73,373 (+40.9%), from €179,307 to €252,681
- Staff costs +€55,052
up €55,052 (+74.2%), from €74,226 to €129,278
- Depreciation +€8,178
up €8,178 (+11.4%), from €71,588 to €79,766
- Financial charges -€8,098
down €8,098 (-31.0%), from €26,128 to €18,030
- Taxes +€4,562
up €4,562 (+507.9%), from €898 to €5,460
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 | €875,400 | €1,017,238 | +€141,838 | +16.2% |
| Fixed assets | 21/28 | €434,473 | €379,962 | -€54,511 | -12.5% |
| Intangible fixed assets | 21 | €249,838 | €214,146 | -€35,691 | -14.3% |
| Tangible fixed assets | 22/27 | €184,635 | €165,815 | -€18,820 | -10.2% |
| Land and buildings | 22 | €127,707 | €107,499 | -€20,208 | -15.8% |
| Plant, machinery and equipment | 23 | €10,296 | €8,588 | -€1,708 | -16.6% |
| Furniture and vehicles | 24 | €4,638 | €2,967 | -€1,671 | -36.0% |
| Leasing and similar rights | 25 | €41,993 | €46,761 | +€4,768 | +11.4% |
| Current assets | 29/58 | €440,928 | €637,277 | +€196,349 | +44.5% |
| Stocks and contracts in progress | 3 | €180,981 | €278,656 | +€97,675 | +54.0% |
| Stocks | 30/36 | €148,485 | €193,834 | +€45,349 | +30.5% |
| Contracts in progress | 37 | €32,496 | €84,822 | +€52,326 | +161.0% |
| Amounts receivable within one year | 40/41 | €231,326 | €233,699 | +€2,373 | +1.0% |
| Trade receivables | 40 | €148,417 | €147,852 | -€565 | -0.4% |
| Other amounts receivable | 41 | €82,909 | €85,847 | +€2,938 | +3.5% |
| Cash at bank and in hand | 54/58 | €14,867 | €118,554 | +€103,687 | +697.4% |
| Deferred charges and accrued income | 490/1 | €13,754 | €6,368 | -€7,386 | -53.7% |
| Total equity and liabilities | 10/49 | €875,400 | €1,017,238 | +€141,838 | +16.2% |
| Equity | 10/15 | €126,755 | €142,993 | +€16,238 | +12.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €106,065 | €122,065 | +€16,000 | +15.1% |
| Distributable reserves | 133 | €106,065 | €122,065 | +€16,000 | +15.1% |
| Profit (loss) carried forward | 14 | €230 | €468 | +€238 | +103.7% |
| Amounts payable | 17/49 | €748,645 | €874,245 | +€125,600 | +16.8% |
| Amounts payable after more than one year | 17 | €342,913 | €327,684 | -€15,229 | -4.4% |
| Financial debts | 170/4 | €342,913 | €327,684 | -€15,229 | -4.4% |
| Amounts payable within one year | 42/48 | €405,732 | €546,561 | +€140,829 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €35,834 | €33,749 | -€2,084 | -5.8% |
| Financial debts | 43 | €131,761 | €126,682 | -€5,080 | -3.9% |
| Credit institutions | 430/8 | €131,761 | €126,682 | -€5,080 | -3.9% |
| Trade debts | 44 | €221,348 | €352,713 | +€131,366 | +59.3% |
| Suppliers | 440/4 | €221,348 | €352,713 | +€131,366 | +59.3% |
| Taxes, remuneration and social security | 45 | €16,639 | €33,091 | +€16,452 | +98.9% |
| Taxes | 450/3 | €4,209 | €13,218 | +€9,009 | +214.0% |
| Remuneration and social security | 454/9 | €12,429 | €19,873 | +€7,443 | +59.9% |
| Other amounts payable | 47/48 | €151 | €326 | +€175 | +115.8% |
| Remuneration, social security and pensions | 62 | €74,226 | €129,278 | +€55,052 | +74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,588 | €79,766 | +€8,178 | +11.4% |
| Other operating charges | 640/8 | €5,133 | €5,462 | +€329 | +6.4% |
| Gross operating margin | 9900 | €179,307 | €252,681 | +€73,373 | +40.9% |
| Operating profit (loss) | 9901 | €28,361 | €38,174 | +€9,813 | +34.6% |
| Financial income | 75/76B | €3,244 | €1,554 | -€1,690 | -52.1% |
| Recurring financial income | 75 | €3,244 | €1,554 | -€1,690 | -52.1% |
| Financial charges | 65/66B | €26,128 | €18,030 | -€8,098 | -31.0% |
| Recurring financial charges | 65 | €26,128 | €18,030 | -€8,098 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €5,477 | €21,698 | +€16,221 | +296.1% |
| Income taxes | 67/77 | €898 | €5,460 | +€4,562 | +507.9% |
| Profit (loss) for the period | 9904 | €4,579 | €16,238 | +€11,659 | +254.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,579 | €16,238 | +€11,659 | +254.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.