RABOFISC: 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.
RABOFISC
Largest movements
- Cash +€16,105
up €16,105 (+16.4%), from €98,189 to €114,294
mainly Net result for the year (+€62,352) and Other debts (+€13,479)
- Tangible fixed assets +€16,095
up €16,095 (+15.1%), from €106,399 to €122,494
of which Land and buildings: +€17,691
- Receivables within one year -€9,075
down €9,075 (-9.7%), from €93,303 to €84,228
of which Other amounts receivable: -€27,551
- Other debts +€13,479
up €13,479 (+21.5%), from €62,771 to €76,250
- Tax, wage and social debts +€13,447
up €13,447 (+62.0%), from €21,701 to €35,149
of which Taxes: +€10,891
- Debts after one year -€10,460
down €10,460 (-17.1%), from €61,192 to €50,732
- Short-term financial debts +€4,122
new in 2025: €4,122
- Gross operating margin +€35,505
up €35,505 (+31.7%), from €112,121 to €147,626
- Financial charges +€12,121
up €12,121 (+31.6%), from €38,311 to €50,432
- Taxes +€6,197
up €6,197 (+33.5%), from €18,498 to €24,696
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 | €305,680 | €328,242 | +€22,562 | +7.4% |
| Fixed assets | 21/28 | €106,399 | €122,494 | +€16,095 | +15.1% |
| Tangible fixed assets | 22/27 | €106,399 | €122,494 | +€16,095 | +15.1% |
| Land and buildings | 22 | €102,509 | €120,200 | +€17,691 | +17.3% |
| Furniture and vehicles | 24 | €3,890 | €2,294 | -€1,596 | -41.0% |
| Current assets | 29/58 | €199,281 | €205,748 | +€6,467 | +3.2% |
| Amounts receivable within one year | 40/41 | €93,303 | €84,228 | -€9,075 | -9.7% |
| Trade receivables | 40 | €17,257 | €35,732 | +€18,476 | +107.1% |
| Other amounts receivable | 41 | €76,046 | €48,495 | -€27,551 | -36.2% |
| Cash at bank and in hand | 54/58 | €98,189 | €114,294 | +€16,105 | +16.4% |
| Deferred charges and accrued income | 490/1 | €7,789 | €7,227 | -€563 | -7.2% |
| Total equity and liabilities | 10/49 | €305,680 | €328,242 | +€22,562 | +7.4% |
| Equity | 10/15 | €149,153 | €148,464 | -€689 | -0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €130,603 | €129,914 | -€689 | -0.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €128,748 | €128,059 | -€689 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,527 | €179,778 | +€23,251 | +14.9% |
| Amounts payable after more than one year | 17 | €61,192 | €50,732 | -€10,460 | -17.1% |
| Financial debts | 170/4 | €61,192 | €50,732 | -€10,460 | -17.1% |
| Amounts payable within one year | 42/48 | €95,335 | €128,860 | +€33,524 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €9,404 | €10,460 | +€1,055 | +11.2% |
| Financial debts | 43 | - | €4,122 | +€4,122 | |
| Credit institutions | 430/8 | - | €4,122 | +€4,122 | |
| Trade debts | 44 | €1,459 | €2,879 | +€1,420 | +97.4% |
| Suppliers | 440/4 | €1,459 | €2,879 | +€1,420 | +97.4% |
| Taxes, remuneration and social security | 45 | €21,701 | €35,149 | +€13,447 | +62.0% |
| Taxes | 450/3 | €21,701 | €32,592 | +€10,891 | +50.2% |
| Remuneration and social security | 454/9 | €0 | €2,556 | +€2,556 | |
| Other amounts payable | 47/48 | €62,771 | €76,250 | +€13,479 | +21.5% |
| Accrued charges and deferred income | 492/3 | - | €186 | +€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €8,703 | +€414 | +5.0% |
| Other operating charges | 640/8 | €1,662 | €1,445 | -€216 | -13.0% |
| Gross operating margin | 9900 | €112,121 | €147,626 | +€35,505 | +31.7% |
| Operating profit (loss) | 9901 | €102,170 | €137,478 | +€35,308 | +34.6% |
| Financial income | 75/76B | €259 | €2 | -€257 | -99.2% |
| Recurring financial income | 75 | €259 | €2 | -€257 | -99.2% |
| Financial charges | 65/66B | €38,311 | €50,432 | +€12,121 | +31.6% |
| Recurring financial charges | 65 | €38,311 | €50,432 | +€12,121 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €64,118 | €87,047 | +€22,930 | +35.8% |
| Income taxes | 67/77 | €18,498 | €24,696 | +€6,197 | +33.5% |
| Profit (loss) for the period | 9904 | €45,619 | €62,352 | +€16,732 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,619 | €62,352 | +€16,732 | +36.7% |
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 3 October 2026 via checked.be.