RABADA: 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.
RABADA
Largest movements
- Cash +€72,668
up €72,668 (+723%), from €10,045 to €82,713
mainly Debts after one year (+€32,819) and Other debts (+€11,621)
- Tangible fixed assets -€6,540
down €6,540 (-27.7%), from €23,631 to €17,091
- Receivables within one year +€3,203
up €3,203 (+133%), from €2,410 to €5,614
of which Trade receivables: +€3,872
- Intangible fixed assets +€2,260
new in 2025: €2,260
- Debts after one year +€32,819
up €32,819 (+12,235%), from €268 to €33,087
- Other debts +€11,621
up €11,621 (+361%), from €3,219 to €14,840
- Reserves +€11,007
new in 2025: €11,007
- Trade debts +€8,808
up €8,808 (+199%), from €4,417 to €13,225
- Current portion of long-term debt +€4,047
up €4,047 (+129%), from €3,134 to €7,181
- Gross operating margin +€7,977
up €7,977 (+38.4%), from €20,770 to €28,747
- Taxes +€4,153
up €4,153 (+233%), from €1,780 to €5,933
- Depreciation -€2,502
down €2,502 (-21.3%), from €11,771 to €9,269
- Financial charges +€1,024
up €1,024 (+134%), from €766 to €1,791
- Other operating charges +€322
up €322 (+75.5%), from €426 to €748
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 | €36,533 | €107,946 | +€71,413 | +195% |
| Fixed assets | 21/28 | €23,631 | €19,351 | -€4,281 | -18.1% |
| Intangible fixed assets | 21 | - | €2,260 | +€2,260 | |
| Tangible fixed assets | 22/27 | €23,631 | €17,091 | -€6,540 | -27.7% |
| Plant, machinery and equipment | 23 | €9,855 | €7,645 | -€2,210 | -22.4% |
| Furniture and vehicles | 24 | €4,066 | €1,977 | -€2,090 | -51.4% |
| Other tangible fixed assets | 26 | €9,710 | €7,469 | -€2,241 | -23.1% |
| Current assets | 29/58 | €12,902 | €88,596 | +€75,694 | +587% |
| Amounts receivable within one year | 40/41 | €2,410 | €5,614 | +€3,203 | +133% |
| Trade receivables | 40 | - | €3,872 | +€3,872 | |
| Other amounts receivable | 41 | €2,410 | €1,742 | -€669 | -27.7% |
| Cash at bank and in hand | 54/58 | €10,045 | €82,713 | +€72,668 | +723% |
| Deferred charges and accrued income | 490/1 | €447 | €269 | -€177 | -39.7% |
| Total equity and liabilities | 10/49 | €36,533 | €107,946 | +€71,413 | +195% |
| Equity | 10/15 | €20,720 | €31,727 | +€11,007 | +53.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €11,007 | +€11,007 | |
| Distributable reserves | 133 | - | €11,007 | +€11,007 | |
| Profit (loss) carried forward | 14 | €14,520 | €14,520 | = | 0.0% |
| Amounts payable | 17/49 | €15,813 | €76,220 | +€60,406 | +382% |
| Amounts payable after more than one year | 17 | €268 | €33,087 | +€32,819 | +12,235% |
| Financial debts | 170/4 | €268 | €33,087 | +€32,819 | +12,235% |
| Amounts payable within one year | 42/48 | €15,545 | €42,143 | +€26,597 | +171% |
| Current portion of amounts payable after more than one year | 42 | €3,134 | €7,181 | +€4,047 | +129% |
| Financial debts | 43 | €2,448 | €963 | -€1,485 | -60.7% |
| Credit institutions | 430/8 | €2,448 | €963 | -€1,485 | -60.7% |
| Trade debts | 44 | €4,417 | €13,225 | +€8,808 | +199% |
| Suppliers | 440/4 | €4,417 | €13,225 | +€8,808 | +199% |
| Taxes, remuneration and social security | 45 | €2,327 | €5,933 | +€3,606 | +155% |
| Taxes | 450/3 | €2,327 | €5,933 | +€3,606 | +155% |
| Other amounts payable | 47/48 | €3,219 | €14,840 | +€11,621 | +361% |
| Accrued charges and deferred income | 492/3 | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,771 | €9,269 | -€2,502 | -21.3% |
| Other operating charges | 640/8 | €426 | €748 | +€322 | +75.5% |
| Gross operating margin | 9900 | €20,770 | €28,747 | +€7,977 | +38.4% |
| Operating profit (loss) | 9901 | €8,573 | €18,730 | +€10,158 | +118% |
| Financial income | 75/76B | €0 | €0 | -€0 | -41.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -41.9% |
| Financial charges | 65/66B | €766 | €1,791 | +€1,024 | +134% |
| Recurring financial charges | 65 | €766 | €1,791 | +€1,024 | +134% |
| Profit (loss) for the period before taxes | 9903 | €7,807 | €16,940 | +€9,133 | +117% |
| Income taxes | 67/77 | €1,780 | €5,933 | +€4,153 | +233% |
| Profit (loss) for the period | 9904 | €6,027 | €11,007 | +€4,980 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,027 | €11,007 | +€4,980 | +82.6% |
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 23 October 2026 via checked.be.