RAHIM: 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.
RAHIM
Largest movements
- Stocks and contracts +€14,481
up €14,481 (+889.4%), from €1,628 to €16,109
- Cash +€6,758
up €6,758 (+26.0%), from €25,983 to €32,740
mainly Trade debts (+€12,770) and Receivables within one year (+€5,000)
- Receivables within one year -€5,000
down €5,000 (-17.3%), from €28,821 to €23,821
of which Trade receivables: -€18,103
- Tangible fixed assets -€2,158
down €2,158 (-14.3%), from €15,053 to €12,895
of which Other tangible fixed assets: -€2,700
- Trade debts +€12,770
up €12,770 (+5241.6%), from €244 to €13,014
- Profit (loss) carried forward +€1,841
up €1,841 (+4.7%), from €38,987 to €40,827
- Turnover -€394,223
no longer reported in 2025 (was €394,223)
- Purchases and services -€364,621
no longer reported in 2025 (was €364,621)
- Gross operating margin -€19,729
down €19,729 (-66.6%), from €29,602 to €9,874
- Staff costs -€11,907
down €11,907 (-97.2%), from €12,249 to €342
- Taxes -€6,654
down €6,654 (-76.5%), from €8,703 to €2,049
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 | €74,813 | €89,424 | +€14,611 | +19.5% |
| Fixed assets | 21/28 | €18,353 | €16,195 | -€2,158 | -11.8% |
| Tangible fixed assets | 22/27 | €15,053 | €12,895 | -€2,158 | -14.3% |
| Plant, machinery and equipment | 23 | €6,953 | €7,495 | +€542 | +7.8% |
| Other tangible fixed assets | 26 | €8,100 | €5,400 | -€2,700 | -33.3% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €56,460 | €73,229 | +€16,769 | +29.7% |
| Stocks and contracts in progress | 3 | €1,628 | €16,109 | +€14,481 | +889.4% |
| Stocks | 30/36 | €1,628 | €16,109 | +€14,481 | +889.4% |
| Amounts receivable within one year | 40/41 | €28,821 | €23,821 | -€5,000 | -17.3% |
| Trade receivables | 40 | €23,253 | €5,150 | -€18,103 | -77.9% |
| Other amounts receivable | 41 | €5,567 | €18,670 | +€13,103 | +235.4% |
| Cash at bank and in hand | 54/58 | €25,983 | €32,740 | +€6,758 | +26.0% |
| Deferred charges and accrued income | 490/1 | €29 | €560 | +€531 | +1831.2% |
| Total equity and liabilities | 10/49 | €74,813 | €89,424 | +€14,611 | +19.5% |
| Equity | 10/15 | €72,874 | €74,715 | +€1,841 | +2.5% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €15,088 | €15,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €13,088 | €13,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,987 | €40,827 | +€1,841 | +4.7% |
| Amounts payable | 17/49 | €1,939 | €14,709 | +€12,770 | +658.7% |
| Amounts payable within one year | 42/48 | €1,939 | €14,709 | +€12,770 | +658.7% |
| Trade debts | 44 | €244 | €13,014 | +€12,770 | +5241.6% |
| Suppliers | 440/4 | €244 | €13,014 | +€12,770 | +5241.6% |
| Taxes, remuneration and social security | 45 | €1,695 | €1,695 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,695 | €1,695 | = | 0.0% |
| Turnover | 70 | €394,223 | - | -€394,223 | |
| Goods, raw materials, services and sundry goods | 60/61 | €364,621 | - | -€364,621 | |
| Remuneration, social security and pensions | 62 | €12,249 | €342 | -€11,907 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,536 | €4,600 | +€64 | +1.4% |
| Other operating charges | 640/8 | €2,065 | €630 | -€1,435 | -69.5% |
| Gross operating margin | 9900 | €29,602 | €9,874 | -€19,729 | -66.6% |
| Operating profit (loss) | 9901 | €10,752 | €4,301 | -€6,451 | -60.0% |
| Financial charges | 65/66B | €1,219 | €412 | -€807 | -66.2% |
| Recurring financial charges | 65 | €1,219 | €412 | -€807 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €9,533 | €3,890 | -€5,644 | -59.2% |
| Income taxes | 67/77 | €8,703 | €2,049 | -€6,654 | -76.5% |
| Profit (loss) for the period | 9904 | €830 | €1,841 | +€1,011 | +121.8% |
| Profit (loss) for the period to be appropriated | 9905 | €830 | €1,841 | +€1,011 | +121.8% |
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 29 September 2026 via checked.be.