RABEKO HOLDING: 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.
RABEKO HOLDING
Largest movements
- Tangible fixed assets +€625,268
up €625,268 (+100%), from €623,983 to €1.2m
of which Land and buildings: +€684,878
- Cash +€115,388
up €115,388 (+67.4%), from €171,297 to €286,685
mainly Net result for the year (+€580,881) and Other debts (+€285,140)
- Receivables within one year +€69,383
up €69,383 (+148%), from €46,783 to €116,166
of which Other amounts receivable: +€46,564
- Reserves +€656,251
up €656,251 (+400%), from €164,012 to €820,264
of which Tax-exempt reserves: +€681,792
- Other debts +€285,140
up €285,140 (+120%), from €236,887 to €522,027
- Short-term financial debts -€233,000
down €233,000 (-75.6%), from €308,000 to €75,000
- Provisions +€170,448
new in 2025: €170,448
- Profit (loss) carried forward -€95,595
new in 2025: -€95,595
- Gross operating margin +€831,558
up €831,558 (+10,410%), from €7,988 to €839,545
- Depreciation +€25,016
up €25,016 (+62.9%), from €39,786 to €64,802
- Financial charges +€14,481
up €14,481 (+172%), from €8,398 to €22,879
- Other operating charges -€11,194
down €11,194 (-98.8%), from €11,333 to €139
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 | €848,590 | €1,656,679 | +€808,090 | +95.2% |
| Fixed assets | 21/28 | €624,333 | €1,249,251 | +€624,918 | +100% |
| Tangible fixed assets | 22/27 | €623,983 | €1,249,251 | +€625,268 | +100% |
| Land and buildings | 22 | €482,382 | €1,167,260 | +€684,878 | +142% |
| Plant, machinery and equipment | 23 | €4,949 | €4,136 | -€813 | -16.4% |
| Furniture and vehicles | 24 | €136,652 | €77,855 | -€58,797 | -43.0% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €224,256 | €407,428 | +€183,172 | +81.7% |
| Amounts receivable within one year | 40/41 | €46,783 | €116,166 | +€69,383 | +148% |
| Trade receivables | 40 | €2,138 | €24,956 | +€22,819 | +1,068% |
| Other amounts receivable | 41 | €44,646 | €91,210 | +€46,564 | +104% |
| Cash at bank and in hand | 54/58 | €171,297 | €286,685 | +€115,388 | +67.4% |
| Deferred charges and accrued income | 490/1 | €6,175 | €4,577 | -€1,599 | -25.9% |
| Total equity and liabilities | 10/49 | €848,590 | €1,656,679 | +€808,090 | +95.2% |
| Equity | 10/15 | €169,103 | €729,759 | +€560,656 | +332% |
| Contributions | 10/11 | €5,091 | €5,091 | = | 0.0% |
| Reserves | 13 | €164,012 | €820,264 | +€656,251 | +400% |
| Tax-exempt reserves | 132 | €15,053 | €696,845 | +€681,792 | +4,529% |
| Distributable reserves | 133 | €148,959 | €123,419 | -€25,540 | -17.1% |
| Profit (loss) carried forward | 14 | - | -€95,595 | -€95,595 | |
| Provisions and deferred taxes | 16 | - | €170,448 | +€170,448 | |
| Deferred taxes | 168 | - | €170,448 | +€170,448 | |
| Amounts payable | 17/49 | €679,487 | €756,472 | +€76,985 | +11.3% |
| Amounts payable after more than one year | 17 | €54,877 | €41,350 | -€13,527 | -24.6% |
| Financial debts | 170/4 | €54,877 | €41,350 | -€13,527 | -24.6% |
| Amounts payable within one year | 42/48 | €624,610 | €715,122 | +€90,512 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €13,005 | €13,527 | +€522 | +4.0% |
| Financial debts | 43 | €308,000 | €75,000 | -€233,000 | -75.6% |
| Credit institutions | 430/8 | €308,000 | €75,000 | -€233,000 | -75.6% |
| Trade debts | 44 | €24,054 | €34,707 | +€10,653 | +44.3% |
| Suppliers | 440/4 | €24,054 | €34,707 | +€10,653 | +44.3% |
| Taxes, remuneration and social security | 45 | €42,664 | €69,861 | +€27,197 | +63.7% |
| Taxes | 450/3 | €42,664 | €54,861 | +€12,197 | +28.6% |
| Remuneration and social security | 454/9 | - | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | €236,887 | €522,027 | +€285,140 | +120% |
| Non-recurring operating income | 76A | - | €894,326 | +€894,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,786 | €64,802 | +€25,016 | +62.9% |
| Other operating charges | 640/8 | €11,333 | €139 | -€11,194 | -98.8% |
| Non-recurring operating charges | 66A | €13,500 | - | -€13,500 | |
| Gross operating margin | 9900 | €7,988 | €839,545 | +€831,558 | +10,410% |
| Operating profit (loss) | 9901 | -€56,631 | €774,604 | +€831,235 | |
| Financial income | 75/76B | €163 | €0 | -€163 | -100.0% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -100.0% |
| Financial charges | 65/66B | €8,398 | €22,879 | +€14,481 | +172% |
| Recurring financial charges | 65 | €8,398 | €22,879 | +€14,481 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€64,866 | €751,726 | +€816,591 | |
| Transfer from deferred taxes | 780 | - | €3,697 | +€3,697 | |
| Transfer to deferred taxes | 680 | - | €174,145 | +€174,145 | |
| Income taxes | 67/77 | €174 | €397 | +€222 | +127% |
| Profit (loss) for the period | 9904 | -€65,040 | €580,881 | +€645,921 | |
| Transfer from tax-exempt reserves | 789 | - | €14,789 | +€14,789 | |
| Transfer to tax-exempt reserves | 689 | - | €696,581 | +€696,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,040 | -€100,910 | -€35,870 | -55.2% |
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 21 October 2026 via checked.be.