Rabotvins: 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.
Rabotvins
Largest movements
- Tangible fixed assets +€944,306
up €944,306 (+96.4%), from €979,385 to €1.9m
of which Plant, machinery and equipment: +€946,378
- Receivables within one year -€123,411
down €123,411 (-10.2%), from €1.2m to €1.1m
of which Trade receivables: -€104,145
- Cash -€112,489
down €112,489 (-36.6%), from €307,241 to €194,753
mainly Investment in fixed assets (net) (-€1.2m) and Advances received (-€331,599)
- Debts after one year +€919,637
up €919,637 (+90.0%), from €1.0m to €1.9m
- Other debts +€436,706
up €436,706 (+160%), from €272,783 to €709,489
- Advances received -€331,599
down €331,599 (-47.1%), from €703,850 to €372,251
- Trade debts -€160,301
down €160,301 (-7.5%), from €2.1m to €2.0m
- Depreciation +€153,753
up €153,753 (+435%), from €35,376 to €189,129
- Financial charges +€41,458
up €41,458 (+45.9%), from €90,412 to €131,870
- Gross operating margin +€38,539
up €38,539 (+2.4%), from €1.6m to €1.6m
- Write-downs +€36,711
up €36,711, from -€11,273 to €25,438
- Taxes -€33,110
down €33,110 (-79.2%), from €41,805 to €8,695
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 | €9,152,905 | €9,915,119 | +€762,214 | +8.3% |
| Fixed assets | 21/28 | €3,179,393 | €4,144,699 | +€965,306 | +30.4% |
| Intangible fixed assets | 21 | - | €21,000 | +€21,000 | |
| Tangible fixed assets | 22/27 | €979,385 | €1,923,691 | +€944,306 | +96.4% |
| Plant, machinery and equipment | 23 | €860,345 | €1,806,723 | +€946,378 | +110% |
| Furniture and vehicles | 24 | €119,041 | €86,432 | -€32,609 | -27.4% |
| Other tangible fixed assets | 26 | - | €30,537 | +€30,537 | |
| Financial fixed assets | 28 | €2,200,008 | €2,200,008 | = | 0.0% |
| Current assets | 29/58 | €5,973,512 | €5,770,420 | -€203,092 | -3.4% |
| Stocks and contracts in progress | 3 | €4,448,300 | €4,477,988 | +€29,688 | +0.7% |
| Stocks | 30/36 | €4,448,300 | €4,477,988 | +€29,688 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,210,031 | €1,086,619 | -€123,411 | -10.2% |
| Trade receivables | 40 | €1,184,881 | €1,080,736 | -€104,145 | -8.8% |
| Other amounts receivable | 41 | €25,149 | €5,883 | -€19,266 | -76.6% |
| Cash at bank and in hand | 54/58 | €307,241 | €194,753 | -€112,489 | -36.6% |
| Deferred charges and accrued income | 490/1 | €7,939 | €11,059 | +€3,120 | +39.3% |
| Total equity and liabilities | 10/49 | €9,152,905 | €9,915,119 | +€762,214 | +8.3% |
| Equity | 10/15 | €4,292,750 | €4,287,736 | -€5,014 | -0.1% |
| Contributions | 10/11 | €545,400 | €545,400 | = | 0.0% |
| Capital | 10 | €545,400 | €545,400 | = | 0.0% |
| Issued capital | 100 | €545,400 | €545,400 | = | 0.0% |
| Reserves | 13 | €3,747,350 | €3,742,336 | -€5,014 | -0.1% |
| Non-distributable reserves | 130/1 | €54,540 | €54,540 | = | 0.0% |
| Legal reserve | 130 | €54,540 | €54,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,526 | €20,526 | = | 0.0% |
| Distributable reserves | 133 | €3,672,284 | €3,667,270 | -€5,014 | -0.1% |
| Amounts payable | 17/49 | €4,860,155 | €5,627,383 | +€767,228 | +15.8% |
| Amounts payable after more than one year | 17 | €1,021,579 | €1,941,216 | +€919,637 | +90.0% |
| Financial debts | 170/4 | €1,021,579 | €1,941,216 | +€919,637 | +90.0% |
| Amounts payable within one year | 42/48 | €3,765,546 | €3,585,353 | -€180,193 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €160,499 | €169,721 | +€9,223 | +5.7% |
| Financial debts | 43 | €50,667 | €0 | -€50,667 | -100% |
| Credit institutions | 430/8 | €50,667 | €0 | -€50,667 | -100% |
| Trade debts | 44 | €2,131,426 | €1,971,124 | -€160,301 | -7.5% |
| Suppliers | 440/4 | €2,131,426 | €1,971,124 | -€160,301 | -7.5% |
| Advances received on contracts in progress | 46 | €703,850 | €372,251 | -€331,599 | -47.1% |
| Taxes, remuneration and social security | 45 | €446,322 | €362,768 | -€83,554 | -18.7% |
| Taxes | 450/3 | €158,856 | €136,389 | -€22,467 | -14.1% |
| Remuneration and social security | 454/9 | €287,465 | €226,379 | -€61,086 | -21.2% |
| Other amounts payable | 47/48 | €272,783 | €709,489 | +€436,706 | +160% |
| Accrued charges and deferred income | 492/3 | €73,030 | €100,814 | +€27,784 | +38.0% |
| Non-recurring operating income | 76A | - | €4,797 | +€4,797 | |
| Remuneration, social security and pensions | 62 | €1,290,491 | €1,272,111 | -€18,380 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,376 | €189,129 | +€153,753 | +435% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,273 | €25,438 | +€36,711 | |
| Other operating charges | 640/8 | €36,301 | €12,665 | -€23,636 | -65.1% |
| Gross operating margin | 9900 | €1,591,098 | €1,629,637 | +€38,539 | +2.4% |
| Operating profit (loss) | 9901 | €240,204 | €130,295 | -€109,910 | -45.8% |
| Financial income | 75/76B | €3,645 | €5,256 | +€1,612 | +44.2% |
| Recurring financial income | 75 | €3,645 | €5,256 | +€1,612 | +44.2% |
| Financial charges | 65/66B | €90,412 | €131,870 | +€41,458 | +45.9% |
| Recurring financial charges | 65 | €90,412 | €131,870 | +€41,458 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €153,437 | €3,681 | -€149,756 | -97.6% |
| Income taxes | 67/77 | €41,805 | €8,695 | -€33,110 | -79.2% |
| Profit (loss) for the period | 9904 | €111,632 | -€5,014 | -€116,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,632 | -€5,014 | -€116,646 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.