RABBIT AND FOX: 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.
RABBIT AND FOX
Largest movements
- Cash +€33,936
up €33,936 (+94.9%), from €35,774 to €69,710
mainly Depreciation (+€19,192) and Net result for the year (+€18,238)
- Tangible fixed assets -€17,854
down €17,854 (-25.1%), from €71,053 to €53,199
of which Furniture and vehicles: -€15,880
- Receivables within one year -€1,726
down €1,726 (-12.9%), from €13,383 to €11,657
of which Trade receivables: -€2,028
- Reserves +€18,238
up €18,238 (+18.0%), from €101,218 to €119,456
of which Distributable reserves: +€18,238
- Tax, wage and social debts -€2,899
down €2,899 (-84.3%), from €3,437 to €538
- Trade debts -€1,673
down €1,673 (-87.3%), from €1,916 to €244
- Depreciation +€1,368
up €1,368 (+7.7%), from €17,824 to €19,192
- Gross operating margin -€680
down €680 (-1.4%), from €47,093 to €46,413
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 | €120,251 | €134,920 | +€14,669 | +12.2% |
| Fixed assets | 21/28 | €71,093 | €53,239 | -€17,854 | -25.1% |
| Tangible fixed assets | 22/27 | €71,053 | €53,199 | -€17,854 | -25.1% |
| Furniture and vehicles | 24 | €60,812 | €44,933 | -€15,880 | -26.1% |
| Other tangible fixed assets | 26 | €10,241 | €8,267 | -€1,974 | -19.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €49,157 | €81,681 | +€32,523 | +66.2% |
| Amounts receivable within one year | 40/41 | €13,383 | €11,657 | -€1,726 | -12.9% |
| Trade receivables | 40 | €11,117 | €9,089 | -€2,028 | -18.2% |
| Other amounts receivable | 41 | €2,267 | €2,569 | +€302 | +13.3% |
| Cash at bank and in hand | 54/58 | €35,774 | €69,710 | +€33,936 | +94.9% |
| Deferred charges and accrued income | 490/1 | - | €313 | +€313 | |
| Total equity and liabilities | 10/49 | €120,251 | €134,920 | +€14,669 | +12.2% |
| Equity | 10/15 | €107,418 | €125,656 | +€18,238 | +17.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,218 | €119,456 | +€18,238 | +18.0% |
| Tax-exempt reserves | 132 | €3,225 | €3,225 | = | 0.0% |
| Distributable reserves | 133 | €97,993 | €116,230 | +€18,238 | +18.6% |
| Amounts payable | 17/49 | €12,833 | €9,265 | -€3,569 | -27.8% |
| Amounts payable within one year | 42/48 | €12,833 | €9,265 | -€3,569 | -27.8% |
| Financial debts | 43 | €218 | - | -€218 | |
| Credit institutions | 430/8 | €218 | - | -€218 | |
| Trade debts | 44 | €1,916 | €244 | -€1,673 | -87.3% |
| Suppliers | 440/4 | €1,916 | €244 | -€1,673 | -87.3% |
| Taxes, remuneration and social security | 45 | €3,437 | €538 | -€2,899 | -84.3% |
| Taxes | 450/3 | €3,437 | €538 | -€2,899 | -84.3% |
| Other amounts payable | 47/48 | €7,261 | €8,483 | +€1,221 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,824 | €19,192 | +€1,368 | +7.7% |
| Other operating charges | 640/8 | €1,392 | €936 | -€456 | -32.7% |
| Gross operating margin | 9900 | €47,093 | €46,413 | -€680 | -1.4% |
| Operating profit (loss) | 9901 | €27,877 | €26,285 | -€1,592 | -5.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €365 | €605 | +€239 | +65.5% |
| Recurring financial charges | 65 | €365 | €605 | +€239 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €27,511 | €25,680 | -€1,831 | -6.7% |
| Income taxes | 67/77 | €7,733 | €7,442 | -€291 | -3.8% |
| Profit (loss) for the period | 9904 | €19,778 | €18,238 | -€1,540 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,778 | €18,238 | -€1,540 | -7.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.