RUBYCON: 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.
RUBYCON
Largest movements
- Tangible fixed assets -€33,881
down €33,881 (-4.8%), from €705,376 to €671,495
of which Land and buildings: -€24,112
- Cash -€19,594
down €19,594 (-47.0%), from €41,707 to €22,113
mainly Debts after one year (-€52,428) and Other debts (-€25,761)
- Debts after one year -€52,428
down €52,428 (-9.3%), from €564,280 to €511,852
- Other debts -€25,761
down €25,761 (-15.1%), from €170,761 to €145,000
- Profit (loss) carried forward +€24,333
up €24,333 (+49.0%), from -€49,612 to -€25,279
No income-statement line moved by more than 1% of the activity.
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 | €747,557 | €694,111 | -€53,447 | -7.1% |
| Fixed assets | 21/28 | €705,376 | €671,495 | -€33,881 | -4.8% |
| Tangible fixed assets | 22/27 | €705,376 | €671,495 | -€33,881 | -4.8% |
| Land and buildings | 22 | €673,123 | €649,011 | -€24,112 | -3.6% |
| Furniture and vehicles | 24 | €32,253 | €22,484 | -€9,770 | -30.3% |
| Current assets | 29/58 | €42,182 | €22,616 | -€19,565 | -46.4% |
| Cash at bank and in hand | 54/58 | €41,707 | €22,113 | -€19,594 | -47.0% |
| Deferred charges and accrued income | 490/1 | €475 | €504 | +€29 | +6.1% |
| Total equity and liabilities | 10/49 | €747,557 | €694,111 | -€53,447 | -7.1% |
| Equity | 10/15 | -€43,412 | -€19,079 | +€24,333 | +56.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,612 | -€25,279 | +€24,333 | +49.0% |
| Amounts payable | 17/49 | €790,969 | €713,189 | -€77,780 | -9.8% |
| Amounts payable after more than one year | 17 | €564,280 | €511,852 | -€52,428 | -9.3% |
| Financial debts | 170/4 | €564,280 | €511,852 | -€52,428 | -9.3% |
| Amounts payable within one year | 42/48 | €226,689 | €201,337 | -€25,352 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €52,068 | €52,428 | +€361 | +0.7% |
| Trade debts | 44 | €10 | €82 | +€72 | +743.5% |
| Suppliers | 440/4 | €10 | €82 | +€72 | +743.5% |
| Taxes, remuneration and social security | 45 | €3,851 | €3,828 | -€24 | -0.6% |
| Taxes | 450/3 | €3,851 | €3,828 | -€24 | -0.6% |
| Other amounts payable | 47/48 | €170,761 | €145,000 | -€25,761 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,881 | €33,881 | = | 0.0% |
| Other operating charges | 640/8 | €215 | €226 | +€11 | +5.1% |
| Gross operating margin | 9900 | €62,499 | €62,788 | +€289 | +0.5% |
| Operating profit (loss) | 9901 | €28,402 | €28,681 | +€278 | +1.0% |
| Financial charges | 65/66B | €4,571 | €4,205 | -€366 | -8.0% |
| Recurring financial charges | 65 | €4,571 | €4,205 | -€366 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €23,831 | €24,476 | +€645 | +2.7% |
| Income taxes | 67/77 | €171 | €143 | -€29 | -16.7% |
| Profit (loss) for the period | 9904 | €23,660 | €24,333 | +€673 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,660 | €24,333 | +€673 | +2.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.