RABAUT R&N: what changed
RABAUT R&N
Largest movements
- Receivables within one year +€73,918
up €73,918 (+11.7%), from €631,094 to €705,012
of which Trade receivables: +€83,095
- Tangible fixed assets -€59,641
down €59,641 (-10.1%), from €590,784 to €531,143
of which Furniture and vehicles: -€47,171
- Stocks and contracts +€40,000
up €40,000 (+289%), from €13,832 to €53,832
- Cash +€15,715
up €15,715 (+6.5%), from €243,218 to €258,933
mainly Debts after one year (+€139,236) and Depreciation (+€105,859)
- Debts after one year +€139,236
up €139,236 (+32.7%), from €425,564 to €564,800
- Other debts -€112,391
down €112,391 (-21.0%), from €534,667 to €422,276
- Trade debts +€27,210
up €27,210 (+397%), from €6,852 to €34,062
- Accrued charges and deferred income +€23,465
up €23,465, from €0 to €23,465
- Tax, wage and social debts -€21,702
down €21,702 (-100%), from €21,702 to €0
- Gross operating margin -€115,502
down €115,502 (-41.8%), from €276,619 to €161,117
- Financial income -€10,072
down €10,072 (-99.9%), from €10,080 to €9
- Financial charges +€9,638
up €9,638 (+47.6%), from €20,244 to €29,881
- Taxes -€9,069
down €9,069 (-63.6%), from €14,270 to €5,201
- Other operating charges -€6,555
down €6,555 (-84.2%), from €7,781 to €1,227
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,478,928 | €1,548,920 | +€69,992 | +4.7% |
| Fixed assets | 21/28 | €590,784 | €531,143 | -€59,641 | -10.1% |
| Tangible fixed assets | 22/27 | €590,784 | €531,143 | -€59,641 | -10.1% |
| Land and buildings | 22 | €8,307 | €7,821 | -€487 | -5.9% |
| Plant, machinery and equipment | 23 | €84,400 | €72,416 | -€11,983 | -14.2% |
| Furniture and vehicles | 24 | €498,077 | €450,906 | -€47,171 | -9.5% |
| Current assets | 29/58 | €888,144 | €1,017,777 | +€129,633 | +14.6% |
| Stocks and contracts in progress | 3 | €13,832 | €53,832 | +€40,000 | +289% |
| Stocks | 30/36 | €13,832 | €53,832 | +€40,000 | +289% |
| Amounts receivable within one year | 40/41 | €631,094 | €705,012 | +€73,918 | +11.7% |
| Trade receivables | 40 | €590,582 | €673,677 | +€83,095 | +14.1% |
| Other amounts receivable | 41 | €40,512 | €31,335 | -€9,177 | -22.7% |
| Cash at bank and in hand | 54/58 | €243,218 | €258,933 | +€15,715 | +6.5% |
| Total equity and liabilities | 10/49 | €1,478,928 | €1,548,920 | +€69,992 | +4.7% |
| Equity | 10/15 | €422,276 | €441,233 | +€18,957 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €416,076 | €435,033 | +€18,957 | +4.6% |
| Distributable reserves | 133 | €416,076 | €435,033 | +€18,957 | +4.6% |
| Amounts payable | 17/49 | €1,056,652 | €1,107,687 | +€51,035 | +4.8% |
| Amounts payable after more than one year | 17 | €425,564 | €564,800 | +€139,236 | +32.7% |
| Financial debts | 170/4 | €425,564 | €564,800 | +€139,236 | +32.7% |
| Amounts payable within one year | 42/48 | €631,088 | €519,422 | -€111,666 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €67,867 | €63,084 | -€4,783 | -7.0% |
| Trade debts | 44 | €6,852 | €34,062 | +€27,210 | +397% |
| Suppliers | 440/4 | €6,852 | €34,062 | +€27,210 | +397% |
| Taxes, remuneration and social security | 45 | €21,702 | €0 | -€21,702 | -100% |
| Taxes | 450/3 | €21,702 | €0 | -€21,702 | -100% |
| Other amounts payable | 47/48 | €534,667 | €422,276 | -€112,391 | -21.0% |
| Accrued charges and deferred income | 492/3 | €0 | €23,465 | +€23,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,832 | €105,859 | +€2,027 | +2.0% |
| Other operating charges | 640/8 | €7,781 | €1,227 | -€6,555 | -84.2% |
| Non-recurring operating charges | 66A | €117,394 | €0 | -€117,394 | -100% |
| Gross operating margin | 9900 | €276,619 | €161,117 | -€115,502 | -41.8% |
| Operating profit (loss) | 9901 | €47,612 | €54,031 | +€6,419 | +13.5% |
| Financial income | 75/76B | €10,080 | €9 | -€10,072 | -99.9% |
| Recurring financial income | 75 | €10,080 | €9 | -€10,072 | -99.9% |
| Financial charges | 65/66B | €20,244 | €29,881 | +€9,638 | +47.6% |
| Recurring financial charges | 65 | €20,244 | €29,881 | +€9,638 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €37,449 | €24,158 | -€13,290 | -35.5% |
| Income taxes | 67/77 | €14,270 | €5,201 | -€9,069 | -63.6% |
| Profit (loss) for the period | 9904 | €23,178 | €18,957 | -€4,221 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,178 | €18,957 | -€4,221 | -18.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.