Rabona: 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.
Rabona
Largest movements
- Receivables within one year +€217,110
up €217,110 (+45.1%), from €481,323 to €698,433
of which Other amounts receivable: +€162,645
- Stocks and contracts -€184,594
no longer reported in 2024 (was €184,594)
- Tangible fixed assets -€100,275
down €100,275 (-7.0%), from €1.4m to €1.3m
of which Land and buildings: -€51,875
- Deferred charges and accrued income +€26,589
up €26,589 (+352.7%), from €7,540 to €34,129
- Debts after one year -€53,295
down €53,295 (-6.8%), from €780,375 to €727,080
- Trade debts +€27,068
up €27,068 (+27.4%), from €98,724 to €125,791
- Gross operating margin -€339,055
down €339,055 (-50.3%), from €674,351 to €335,296
- Staff costs -€153,949
down €153,949 (-64.5%), from €238,671 to €84,723
- Taxes -€68,094
down €68,094 (-86.3%), from €78,872 to €10,778
- Financial charges +€42,775
up €42,775 (+196.8%), from €21,730 to €64,505
of which Non-recurring financial charges: +€30,400
- Other operating charges -€27,622
down €27,622 (-27.3%), from €101,336 to €73,714
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,274,367 | €2,229,898 | -€44,469 | -2.0% |
| Fixed assets | 21/28 | €1,435,408 | €1,334,132 | -€101,275 | -7.1% |
| Intangible fixed assets | 21 | €2,261 | €1,261 | -€1,000 | -44.2% |
| Tangible fixed assets | 22/27 | €1,433,147 | €1,332,872 | -€100,275 | -7.0% |
| Land and buildings | 22 | €1,275,485 | €1,223,610 | -€51,875 | -4.1% |
| Plant, machinery and equipment | 23 | €113,093 | €81,183 | -€31,909 | -28.2% |
| Furniture and vehicles | 24 | €37,086 | €27,494 | -€9,591 | -25.9% |
| Leasing and similar rights | 25 | €7,484 | €584 | -€6,900 | -92.2% |
| Current assets | 29/58 | €838,959 | €895,765 | +€56,806 | +6.8% |
| Amounts receivable after more than one year | 29 | €48,381 | €48,381 | = | 0.0% |
| Other amounts receivable | 291 | €48,381 | €48,381 | = | 0.0% |
| Stocks and contracts in progress | 3 | €184,594 | - | -€184,594 | |
| Contracts in progress | 37 | €184,594 | - | -€184,594 | |
| Amounts receivable within one year | 40/41 | €481,323 | €698,433 | +€217,110 | +45.1% |
| Trade receivables | 40 | €211,705 | €266,169 | +€54,465 | +25.7% |
| Other amounts receivable | 41 | €269,619 | €432,263 | +€162,645 | +60.3% |
| Cash at bank and in hand | 54/58 | €117,122 | €114,823 | -€2,299 | -2.0% |
| Deferred charges and accrued income | 490/1 | €7,540 | €34,129 | +€26,589 | +352.7% |
| Total equity and liabilities | 10/49 | €2,274,367 | €2,229,898 | -€44,469 | -2.0% |
| Equity | 10/15 | €1,233,351 | €1,251,492 | +€18,142 | +1.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | €6,250 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,227,101 | €1,227,101 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,225,241 | €1,225,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,142 | +€18,142 | |
| Amounts payable | 17/49 | €1,041,016 | €978,405 | -€62,611 | -6.0% |
| Amounts payable after more than one year | 17 | €780,375 | €727,080 | -€53,295 | -6.8% |
| Financial debts | 170/4 | €780,375 | €727,080 | -€53,295 | -6.8% |
| Amounts payable within one year | 42/48 | €231,920 | €226,835 | -€5,085 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €58,874 | €59,458 | +€584 | +1.0% |
| Trade debts | 44 | €98,724 | €125,791 | +€27,068 | +27.4% |
| Suppliers | 440/4 | €98,724 | €125,791 | +€27,068 | +27.4% |
| Taxes, remuneration and social security | 45 | €49,236 | €30,500 | -€18,737 | -38.1% |
| Taxes | 450/3 | €31,555 | €7,645 | -€23,910 | -75.8% |
| Remuneration and social security | 454/9 | €17,681 | €22,854 | +€5,173 | +29.3% |
| Other amounts payable | 47/48 | €25,087 | €11,087 | -€14,000 | -55.8% |
| Accrued charges and deferred income | 492/3 | €28,721 | €24,490 | -€4,231 | -14.7% |
| Remuneration, social security and pensions | 62 | €238,671 | €84,723 | -€153,949 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,156 | €83,770 | -€386 | -0.5% |
| Other operating charges | 640/8 | €101,336 | €73,714 | -€27,622 | -27.3% |
| Gross operating margin | 9900 | €674,351 | €335,296 | -€339,055 | -50.3% |
| Operating profit (loss) | 9901 | €250,188 | €93,089 | -€157,099 | -62.8% |
| Financial income | 75/76B | €4,589 | €336 | -€4,253 | -92.7% |
| Recurring financial income | 75 | €4,589 | €336 | -€4,253 | -92.7% |
| Financial charges | 65/66B | €21,730 | €64,505 | +€42,775 | +196.8% |
| Recurring financial charges | 65 | €21,730 | €34,105 | +€12,375 | +56.9% |
| Non-recurring financial charges | 66B | - | €30,400 | +€30,400 | |
| Profit (loss) for the period before taxes | 9903 | €233,047 | €28,920 | -€204,127 | -87.6% |
| Income taxes | 67/77 | €78,872 | €10,778 | -€68,094 | -86.3% |
| Profit (loss) for the period | 9904 | €154,175 | €18,142 | -€136,033 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,175 | €18,142 | -€136,033 | -88.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.