Rahovica: 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.
Rahovica
Largest movements
- Receivables within one year +€93,085
up €93,085 (+117%), from €79,514 to €172,599
of which Trade receivables: +€97,100
- Tangible fixed assets +€48,042
up €48,042 (+64.8%), from €74,103 to €122,145
of which Furniture and vehicles: +€31,587
- Cash +€4,540
up €4,540 (+24.9%), from €18,223 to €22,764
mainly Trade debts (+€133,963) and Other debts (+€50,000)
- Deferred charges and accrued income -€4,532
down €4,532 (-83.8%), from €5,411 to €879
- Trade debts +€133,963
up €133,963 (+1,723%), from €7,776 to €141,739
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€27,655
down €27,655 (-46.9%), from €58,989 to €31,333
- Tax, wage and social debts -€21,091
down €21,091 (-41.6%), from €50,702 to €29,611
of which Taxes: -€19,031
- Current portion of long-term debt +€7,097
up €7,097 (+34.8%), from €20,374 to €27,471
- Gross operating margin +€131,906
up €131,906 (+516%), from €25,555 to €157,461
- Staff costs +€32,964
up €32,964 (+63.7%), from €51,744 to €84,709
- Taxes +€5,564
up €5,564 (+224%), from €2,479 to €8,043
- Financial charges +€2,824
up €2,824 (+178%), from €1,590 to €4,414
- Depreciation +€2,001
up €2,001 (+5.7%), from €35,038 to €37,040
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 | €177,251 | €318,387 | +€141,135 | +79.6% |
| Fixed assets | 21/28 | €74,103 | €122,145 | +€48,042 | +64.8% |
| Tangible fixed assets | 22/27 | €74,103 | €122,145 | +€48,042 | +64.8% |
| Plant, machinery and equipment | 23 | €7,324 | €23,779 | +€16,455 | +225% |
| Furniture and vehicles | 24 | €66,780 | €98,366 | +€31,587 | +47.3% |
| Current assets | 29/58 | €103,148 | €196,241 | +€93,093 | +90.3% |
| Amounts receivable within one year | 40/41 | €79,514 | €172,599 | +€93,085 | +117% |
| Trade receivables | 40 | €20,426 | €117,526 | +€97,100 | +475% |
| Other amounts receivable | 41 | €59,088 | €55,073 | -€4,015 | -6.8% |
| Cash at bank and in hand | 54/58 | €18,223 | €22,764 | +€4,540 | +24.9% |
| Deferred charges and accrued income | 490/1 | €5,411 | €879 | -€4,532 | -83.8% |
| Total equity and liabilities | 10/49 | €177,251 | €318,387 | +€141,135 | +79.6% |
| Equity | 10/15 | €71,389 | €43,733 | -€27,655 | -38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,989 | €31,333 | -€27,655 | -46.9% |
| Amounts payable | 17/49 | €105,862 | €274,653 | +€168,791 | +159% |
| Amounts payable after more than one year | 17 | €26,211 | €25,832 | -€379 | -1.4% |
| Financial debts | 170/4 | €26,211 | €25,832 | -€379 | -1.4% |
| Amounts payable within one year | 42/48 | €78,851 | €248,821 | +€169,970 | +216% |
| Current portion of amounts payable after more than one year | 42 | €20,374 | €27,471 | +€7,097 | +34.8% |
| Trade debts | 44 | €7,776 | €141,739 | +€133,963 | +1,723% |
| Suppliers | 440/4 | €7,776 | €141,739 | +€133,963 | +1,723% |
| Taxes, remuneration and social security | 45 | €50,702 | €29,611 | -€21,091 | -41.6% |
| Taxes | 450/3 | €33,070 | €14,039 | -€19,031 | -57.5% |
| Remuneration and social security | 454/9 | €17,631 | €15,572 | -€2,059 | -11.7% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Remuneration, social security and pensions | 62 | €51,744 | €84,709 | +€32,964 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,038 | €37,040 | +€2,001 | +5.7% |
| Other operating charges | 640/8 | €2,149 | €3,564 | +€1,415 | +65.8% |
| Gross operating margin | 9900 | €25,555 | €157,461 | +€131,906 | +516% |
| Operating profit (loss) | 9901 | -€63,377 | €32,149 | +€95,526 | |
| Financial income | 75/76B | €2,153 | €2,653 | +€499 | +23.2% |
| Recurring financial income | 75 | €2,153 | €2,653 | +€499 | +23.2% |
| Financial charges | 65/66B | €1,590 | €4,414 | +€2,824 | +178% |
| Recurring financial charges | 65 | €1,590 | €4,414 | +€2,824 | +178% |
| Profit (loss) for the period before taxes | 9903 | -€62,814 | €30,387 | +€93,201 | |
| Income taxes | 67/77 | €2,479 | €8,043 | +€5,564 | +224% |
| Profit (loss) for the period | 9904 | -€65,293 | €22,345 | +€87,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,293 | €22,345 | +€87,637 |
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 27 October 2026 via checked.be.