RABEY: 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.
RABEY
Largest movements
- Receivables within one year +€78,546
up €78,546 (+104%), from €75,192 to €153,738
of which Trade receivables: +€60,021
- Cash -€10,438
down €10,438 (-99.5%), from €10,487 to €48
mainly Receivables within one year (-€78,546) and Smaller working-capital items (-€66)
- Profit (loss) carried forward +€27,433
up €27,433 (+328%), from €8,360 to €35,793
- Tax, wage and social debts +€17,947
up €17,947 (+239%), from €7,502 to €25,450
of which Taxes: +€10,447
- Trade debts +€12,794
up €12,794 (+25.0%), from €51,216 to €64,010
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin +€28,990
up €28,990 (+243%), from €11,946 to €40,935
- Taxes +€7,067
up €7,067 (+239%), from €2,953 to €10,020
- Other operating charges +€2,958
up €2,958 (+592%), from €500 to €3,458
- Financial income +€502
new in 2025: €502
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 | €85,679 | €153,852 | +€68,174 | +79.6% |
| Current assets | 29/58 | €85,679 | €153,852 | +€68,174 | +79.6% |
| Amounts receivable within one year | 40/41 | €75,192 | €153,738 | +€78,546 | +104% |
| Trade receivables | 40 | €75,192 | €135,213 | +€60,021 | +79.8% |
| Other amounts receivable | 41 | - | €18,525 | +€18,525 | |
| Cash at bank and in hand | 54/58 | €10,487 | €48 | -€10,438 | -99.5% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €85,679 | €153,852 | +€68,174 | +79.6% |
| Equity | 10/15 | €26,960 | €54,393 | +€27,433 | +102% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,360 | €35,793 | +€27,433 | +328% |
| Amounts payable | 17/49 | €58,718 | €99,459 | +€40,741 | +69.4% |
| Amounts payable within one year | 42/48 | €58,718 | €99,459 | +€40,741 | +69.4% |
| Trade debts | 44 | €51,216 | €64,010 | +€12,794 | +25.0% |
| Suppliers | 440/4 | €51,216 | €64,010 | +€12,794 | +25.0% |
| Taxes, remuneration and social security | 45 | €7,502 | €25,450 | +€17,947 | +239% |
| Taxes | 450/3 | €7,502 | €17,950 | +€10,447 | +139% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Other operating charges | 640/8 | €500 | €3,458 | +€2,958 | +592% |
| Gross operating margin | 9900 | €11,946 | €40,935 | +€28,990 | +243% |
| Operating profit (loss) | 9901 | €11,446 | €37,477 | +€26,032 | +227% |
| Financial income | 75/76B | - | €502 | +€502 | |
| Recurring financial income | 75 | - | €502 | +€502 | |
| Financial charges | 65/66B | €132 | €527 | +€395 | +299% |
| Recurring financial charges | 65 | €132 | €527 | +€395 | +299% |
| Profit (loss) for the period before taxes | 9903 | €11,314 | €37,453 | +€26,139 | +231% |
| Income taxes | 67/77 | €2,953 | €10,020 | +€7,067 | +239% |
| Profit (loss) for the period | 9904 | €8,360 | €27,433 | +€19,072 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €8,360 | €27,433 | +€19,072 | +228% |
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 16 October 2026 via checked.be.