RABAS: 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.
RABAS
Largest movements
- Tangible fixed assets +€50,319
up €50,319 (+10.8%), from €467,228 to €517,547
of which Land and buildings: +€42,211
- Receivables within one year +€17,275
up €17,275 (+68.1%), from €25,363 to €42,638
- Cash -€13,634
down €13,634 (-7.8%), from €175,512 to €161,878
mainly Investment in fixed assets (net) (-€66,000) and Other debts (-€51,995)
- Reserves +€76,346
up €76,346 (+75.8%), from €100,744 to €177,091
of which Distributable reserves: +€76,346
- Other debts -€51,995
down €51,995 (-20.6%), from €252,947 to €200,951
- Tax, wage and social debts +€17,124
up €17,124 (+72.5%), from €23,621 to €40,744
- Advances received +€16,961
up €16,961 (+71.1%), from €23,861 to €40,822
- Gross operating margin +€56,509
up €56,509 (+82.5%), from €68,524 to €125,033
- Taxes +€13,100
up €13,100 (+77.9%), from €16,810 to €29,910
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 | €702,291 | €761,654 | +€59,363 | +8.5% |
| Fixed assets | 21/28 | €467,228 | €517,547 | +€50,319 | +10.8% |
| Tangible fixed assets | 22/27 | €467,228 | €517,547 | +€50,319 | +10.8% |
| Land and buildings | 22 | €418,104 | €460,315 | +€42,211 | +10.1% |
| Plant, machinery and equipment | 23 | €46,073 | €55,532 | +€9,458 | +20.5% |
| Furniture and vehicles | 24 | €3,050 | €1,700 | -€1,350 | -44.3% |
| Current assets | 29/58 | €235,063 | €244,106 | +€9,044 | +3.8% |
| Stocks and contracts in progress | 3 | €31,150 | €36,700 | +€5,550 | +17.8% |
| Stocks | 30/36 | €31,150 | €36,700 | +€5,550 | +17.8% |
| Amounts receivable within one year | 40/41 | €25,363 | €42,638 | +€17,275 | +68.1% |
| Trade receivables | 40 | €25,363 | €42,638 | +€17,275 | +68.1% |
| Cash at bank and in hand | 54/58 | €175,512 | €161,878 | -€13,634 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,039 | €2,891 | -€148 | -4.9% |
| Total equity and liabilities | 10/49 | €702,291 | €761,654 | +€59,363 | +8.5% |
| Equity | 10/15 | €398,062 | €474,408 | +€76,346 | +19.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €235,318 | €235,318 | = | 0.0% |
| Reserves | 13 | €100,744 | €177,091 | +€76,346 | +75.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €94,544 | €170,891 | +€76,346 | +80.8% |
| Amounts payable | 17/49 | €304,229 | €287,245 | -€16,984 | -5.6% |
| Amounts payable within one year | 42/48 | €304,229 | €287,245 | -€16,984 | -5.6% |
| Trade debts | 44 | €3,801 | €4,728 | +€927 | +24.4% |
| Suppliers | 440/4 | €3,801 | €4,728 | +€927 | +24.4% |
| Advances received on contracts in progress | 46 | €23,861 | €40,822 | +€16,961 | +71.1% |
| Taxes, remuneration and social security | 45 | €23,621 | €40,744 | +€17,124 | +72.5% |
| Taxes | 450/3 | €23,621 | €40,744 | +€17,124 | +72.5% |
| Other amounts payable | 47/48 | €252,947 | €200,951 | -€51,995 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,139 | €15,681 | +€542 | +3.6% |
| Other operating charges | 640/8 | €1,369 | €2,275 | +€907 | +66.2% |
| Gross operating margin | 9900 | €68,524 | €125,033 | +€56,509 | +82.5% |
| Operating profit (loss) | 9901 | €52,017 | €107,077 | +€55,060 | +105.9% |
| Financial charges | 65/66B | €424 | €821 | +€397 | +93.7% |
| Recurring financial charges | 65 | €424 | €821 | +€397 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €51,593 | €106,256 | +€54,663 | +106.0% |
| Income taxes | 67/77 | €16,810 | €29,910 | +€13,100 | +77.9% |
| Profit (loss) for the period | 9904 | €34,783 | €76,346 | +€41,564 | +119.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,783 | €76,346 | +€41,564 | +119.5% |
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.