RACKUNITS: 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.
RACKUNITS
Largest movements
- Cash +€23,458
up €23,458 (+34.2%), from €68,599 to €92,057
mainly Depreciation (+€152,261) and Net result for the year (+€119,131)
- Receivables within one year -€21,565
down €21,565 (-19.6%), from €109,891 to €88,326
of which Trade receivables: -€24,192
- Tangible fixed assets +€15,513
up €15,513 (+3.6%), from €433,926 to €449,438
of which Plant, machinery and equipment: +€65,954
- Reserves +€113,131
up €113,131 (+41.8%), from €270,901 to €384,032
- Other debts -€45,251
down €45,251 (-44.5%), from €101,609 to €56,359
- Debts after one year -€37,158
down €37,158 (-32.5%), from €114,187 to €77,030
- Trade debts -€21,646
down €21,646 (-58.5%), from €37,021 to €15,375
- Tax, wage and social debts +€14,780
up €14,780 (+32.1%), from €45,983 to €60,763
of which Remuneration and social security: +€8,418
- Gross operating margin +€111,486
up €111,486 (+27.8%), from €401,290 to €512,776
- Staff costs +€56,573
up €56,573 (+46.6%), from €121,392 to €177,965
- Depreciation +€28,690
up €28,690 (+23.2%), from €123,571 to €152,261
- Taxes +€9,457
up €9,457 (+25.4%), from €37,168 to €46,625
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 | €623,587 | €641,447 | +€17,860 | +2.9% |
| Fixed assets | 21/28 | €438,204 | €453,717 | +€15,513 | +3.5% |
| Tangible fixed assets | 22/27 | €433,926 | €449,438 | +€15,513 | +3.6% |
| Plant, machinery and equipment | 23 | €226,634 | €292,588 | +€65,954 | +29.1% |
| Furniture and vehicles | 24 | €175,582 | €123,511 | -€52,071 | -29.7% |
| Leasing and similar rights | 25 | €6,723 | €0 | -€6,723 | -100.0% |
| Other tangible fixed assets | 26 | €24,986 | €33,339 | +€8,353 | +33.4% |
| Financial fixed assets | 28 | €4,278 | €4,278 | = | 0.0% |
| Current assets | 29/58 | €185,383 | €187,731 | +€2,348 | +1.3% |
| Amounts receivable within one year | 40/41 | €109,891 | €88,326 | -€21,565 | -19.6% |
| Trade receivables | 40 | €109,878 | €85,686 | -€24,192 | -22.0% |
| Other amounts receivable | 41 | €12 | €2,639 | +€2,627 | +21446.0% |
| Cash at bank and in hand | 54/58 | €68,599 | €92,057 | +€23,458 | +34.2% |
| Deferred charges and accrued income | 490/1 | €6,893 | €7,348 | +€455 | +6.6% |
| Total equity and liabilities | 10/49 | €623,587 | €641,447 | +€17,860 | +2.9% |
| Equity | 10/15 | €277,101 | €390,232 | +€113,131 | +40.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,901 | €384,032 | +€113,131 | +41.8% |
| Distributable reserves | 133 | €270,901 | €384,032 | +€113,131 | +41.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €346,486 | €251,215 | -€95,270 | -27.5% |
| Amounts payable after more than one year | 17 | €114,187 | €77,030 | -€37,158 | -32.5% |
| Financial debts | 170/4 | €114,187 | €77,030 | -€37,158 | -32.5% |
| Amounts payable within one year | 42/48 | €225,679 | €169,654 | -€56,025 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €41,067 | €37,158 | -€3,909 | -9.5% |
| Trade debts | 44 | €37,021 | €15,375 | -€21,646 | -58.5% |
| Suppliers | 440/4 | €37,021 | €15,375 | -€21,646 | -58.5% |
| Taxes, remuneration and social security | 45 | €45,983 | €60,763 | +€14,780 | +32.1% |
| Taxes | 450/3 | €30,937 | €37,299 | +€6,362 | +20.6% |
| Remuneration and social security | 454/9 | €15,046 | €23,464 | +€8,418 | +55.9% |
| Other amounts payable | 47/48 | €101,609 | €56,359 | -€45,251 | -44.5% |
| Accrued charges and deferred income | 492/3 | €6,619 | €4,532 | -€2,087 | -31.5% |
| Remuneration, social security and pensions | 62 | €121,392 | €177,965 | +€56,573 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,571 | €152,261 | +€28,690 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,434 | €825 | -€1,609 | -66.1% |
| Other operating charges | 640/8 | €2,504 | €4,321 | +€1,818 | +72.6% |
| Gross operating margin | 9900 | €401,290 | €512,776 | +€111,486 | +27.8% |
| Operating profit (loss) | 9901 | €151,390 | €177,404 | +€26,014 | +17.2% |
| Financial income | 75/76B | €335 | €369 | +€34 | +10.1% |
| Recurring financial income | 75 | €335 | €369 | +€34 | +10.1% |
| Financial charges | 65/66B | €15,451 | €12,016 | -€3,435 | -22.2% |
| Recurring financial charges | 65 | €15,451 | €12,016 | -€3,435 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €136,273 | €165,756 | +€29,483 | +21.6% |
| Income taxes | 67/77 | €37,168 | €46,625 | +€9,457 | +25.4% |
| Profit (loss) for the period | 9904 | €99,105 | €119,131 | +€20,026 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,105 | €119,131 | +€20,026 | +20.2% |
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 10 October 2026 via checked.be.