RUBYSCO: 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.
RUBYSCO
Largest movements
- Receivables within one year +€27,063
up €27,063 (+432.8%), from €6,252 to €33,315
of which Trade receivables: +€17,243
- Cash -€12,544
down €12,544 (-44.2%), from €28,382 to €15,838
mainly Receivables within one year (-€27,063) and Investment in fixed assets (net) (-€19,384)
- Tangible fixed assets +€8,879
up €8,879 (+43.8%), from €20,274 to €29,153
of which Other tangible fixed assets: +€14,303
- Trade debts +€19,052
up €19,052 (+256.1%), from €7,440 to €26,492
- Profit (loss) carried forward +€9,626
up €9,626 (+22.7%), from €42,348 to €51,975
- Debts after one year -€7,696
down €7,696 (-25.8%), from €29,860 to €22,164
- Tax, wage and social debts +€4,949
up €4,949 (+32.5%), from €15,229 to €20,179
- Other debts -€2,984
no longer reported in 2025 (was €2,984)
- Gross operating margin -€18,109
down €18,109 (-38.4%), from €47,209 to €29,100
- Depreciation +€3,422
up €3,422 (+48.3%), from €7,083 to €10,505
- Taxes -€2,706
down €2,706 (-32.1%), from €8,421 to €5,715
- Financial charges +€1,212
up €1,212 (+84.0%), from €1,442 to €2,654
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 | €105,158 | €128,556 | +€23,398 | +22.3% |
| Fixed assets | 21/28 | €70,524 | €79,403 | +€8,879 | +12.6% |
| Tangible fixed assets | 22/27 | €20,274 | €29,153 | +€8,879 | +43.8% |
| Plant, machinery and equipment | 23 | €324 | €92 | -€232 | -71.7% |
| Furniture and vehicles | 24 | €14,185 | €8,993 | -€5,192 | -36.6% |
| Other tangible fixed assets | 26 | €5,764 | €20,068 | +€14,303 | +248.1% |
| Financial fixed assets | 28 | €50,250 | €50,250 | = | 0.0% |
| Current assets | 29/58 | €34,634 | €49,153 | +€14,519 | +41.9% |
| Amounts receivable within one year | 40/41 | €6,252 | €33,315 | +€27,063 | +432.8% |
| Trade receivables | 40 | €6,154 | €23,396 | +€17,243 | +280.2% |
| Other amounts receivable | 41 | €99 | €9,919 | +€9,820 | +9939.2% |
| Cash at bank and in hand | 54/58 | €28,382 | €15,838 | -€12,544 | -44.2% |
| Total equity and liabilities | 10/49 | €105,158 | €128,556 | +€23,398 | +22.3% |
| Equity | 10/15 | €42,398 | €52,025 | +€9,626 | +22.7% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,348 | €51,975 | +€9,626 | +22.7% |
| Amounts payable | 17/49 | €62,760 | €76,531 | +€13,771 | +21.9% |
| Amounts payable after more than one year | 17 | €29,860 | €22,164 | -€7,696 | -25.8% |
| Financial debts | 170/4 | €29,860 | €22,164 | -€7,696 | -25.8% |
| Amounts payable within one year | 42/48 | €32,899 | €54,367 | +€21,468 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €7,247 | €7,696 | +€449 | +6.2% |
| Trade debts | 44 | €7,440 | €26,492 | +€19,052 | +256.1% |
| Suppliers | 440/4 | €7,440 | €26,492 | +€19,052 | +256.1% |
| Taxes, remuneration and social security | 45 | €15,229 | €20,179 | +€4,949 | +32.5% |
| Taxes | 450/3 | €15,229 | €20,179 | +€4,949 | +32.5% |
| Other amounts payable | 47/48 | €2,984 | - | -€2,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,083 | €10,505 | +€3,422 | +48.3% |
| Other operating charges | 640/8 | €726 | €804 | +€78 | +10.7% |
| Gross operating margin | 9900 | €47,209 | €29,100 | -€18,109 | -38.4% |
| Operating profit (loss) | 9901 | €39,400 | €17,791 | -€21,609 | -54.8% |
| Financial income | 75/76B | €213 | €204 | -€9 | -4.3% |
| Recurring financial income | 75 | €213 | €204 | -€9 | -4.3% |
| Financial charges | 65/66B | €1,442 | €2,654 | +€1,212 | +84.0% |
| Recurring financial charges | 65 | €1,442 | €2,654 | +€1,212 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €38,171 | €15,341 | -€22,830 | -59.8% |
| Income taxes | 67/77 | €8,421 | €5,715 | -€2,706 | -32.1% |
| Profit (loss) for the period | 9904 | €29,750 | €9,626 | -€20,124 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,750 | €9,626 | -€20,124 | -67.6% |
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 30 September 2026 via checked.be.