Ruby Solution: 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.
Ruby Solution
Largest movements
- Tangible fixed assets +€255,942
up €255,942 (+714%), from €35,847 to €291,789
of which Land and buildings: +€255,779
- Cash +€20,229
up €20,229 (+62.7%), from €32,243 to €52,472
mainly Debts after one year (+€221,884) and Other debts (+€64,055)
- Receivables within one year -€19,694
down €19,694 (-48.7%), from €40,457 to €20,764
of which Trade receivables: -€17,353
- Debts after one year +€221,884
up €221,884, from €0 to €221,884
- Other debts +€64,055
up €64,055, from €0 to €64,055
- Reserves -€43,703
down €43,703 (-58.7%), from €74,442 to €30,738
- Current portion of long-term debt +€7,270
up €7,270 (+713%), from €1,019 to €8,289
- Tax, wage and social debts +€5,401
up €5,401 (+37.8%), from €14,273 to €19,675
of which Remuneration and social security: +€5,047
- Gross operating margin -€37,107
down €37,107 (-47.2%), from €78,645 to €41,538
- Taxes -€9,011
down €9,011 (-59.5%), from €15,141 to €6,130
- Financial charges +€4,695
up €4,695 (+1,309%), from €359 to €5,053
- Depreciation +€1,974
up €1,974 (+17.0%), from €11,599 to €13,572
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 | €113,621 | €366,666 | +€253,045 | +223% |
| Fixed assets | 21/28 | €35,847 | €291,789 | +€255,942 | +714% |
| Tangible fixed assets | 22/27 | €35,847 | €291,789 | +€255,942 | +714% |
| Land and buildings | 22 | - | €255,779 | +€255,779 | |
| Plant, machinery and equipment | 23 | €8,760 | €7,348 | -€1,412 | -16.1% |
| Furniture and vehicles | 24 | €12,101 | €17,738 | +€5,637 | +46.6% |
| Other tangible fixed assets | 26 | €14,987 | €10,924 | -€4,062 | -27.1% |
| Current assets | 29/58 | €77,774 | €74,877 | -€2,896 | -3.7% |
| Amounts receivable within one year | 40/41 | €40,457 | €20,764 | -€19,694 | -48.7% |
| Trade receivables | 40 | €38,117 | €20,764 | -€17,353 | -45.5% |
| Other amounts receivable | 41 | €2,340 | €0 | -€2,340 | -100% |
| Cash at bank and in hand | 54/58 | €32,243 | €52,472 | +€20,229 | +62.7% |
| Deferred charges and accrued income | 490/1 | €5,073 | €1,641 | -€3,432 | -67.6% |
| Total equity and liabilities | 10/49 | €113,621 | €366,666 | +€253,045 | +223% |
| Equity | 10/15 | €93,042 | €49,338 | -€43,703 | -47.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,442 | €30,738 | -€43,703 | -58.7% |
| Distributable reserves | 133 | €74,442 | €30,738 | -€43,703 | -58.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,579 | €317,328 | +€296,749 | +1,442% |
| Amounts payable after more than one year | 17 | €0 | €221,884 | +€221,884 | |
| Financial debts | 170/4 | €0 | €221,884 | +€221,884 | |
| Amounts payable within one year | 42/48 | €20,579 | €95,444 | +€74,865 | +364% |
| Current portion of amounts payable after more than one year | 42 | €1,019 | €8,289 | +€7,270 | +713% |
| Financial debts | 43 | €894 | €882 | -€12 | -1.4% |
| Credit institutions | 430/8 | €894 | €882 | -€12 | -1.4% |
| Trade debts | 44 | €4,393 | €2,543 | -€1,850 | -42.1% |
| Suppliers | 440/4 | €4,393 | €2,543 | -€1,850 | -42.1% |
| Taxes, remuneration and social security | 45 | €14,273 | €19,675 | +€5,401 | +37.8% |
| Taxes | 450/3 | €14,273 | €14,628 | +€354 | +2.5% |
| Remuneration and social security | 454/9 | - | €5,047 | +€5,047 | |
| Other amounts payable | 47/48 | €0 | €64,055 | +€64,055 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,599 | €13,572 | +€1,974 | +17.0% |
| Other operating charges | 640/8 | €387 | €526 | +€139 | +35.8% |
| Gross operating margin | 9900 | €78,645 | €41,538 | -€37,107 | -47.2% |
| Operating profit (loss) | 9901 | €66,659 | €27,439 | -€39,219 | -58.8% |
| Financial income | 75/76B | €71 | €41 | -€30 | -42.3% |
| Recurring financial income | 75 | €71 | €41 | -€30 | -42.3% |
| Financial charges | 65/66B | €359 | €5,053 | +€4,695 | +1,309% |
| Recurring financial charges | 65 | €359 | €5,053 | +€4,695 | +1,309% |
| Profit (loss) for the period before taxes | 9903 | €66,371 | €22,427 | -€43,944 | -66.2% |
| Income taxes | 67/77 | €15,141 | €6,130 | -€9,011 | -59.5% |
| Profit (loss) for the period | 9904 | €51,230 | €16,297 | -€34,934 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,230 | €16,297 | -€34,934 | -68.2% |
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 14 October 2026 via checked.be.