RAHTON: 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.
RAHTON
Largest movements
- Cash -€8,735
down €8,735 (-12.9%), from €67,537 to €58,802
mainly Debts after one year (-€8,007) and Stocks and contracts (-€4,446)
- Tangible fixed assets -€7,615
down €7,615 (-25.5%), from €29,890 to €22,275
of which Furniture and vehicles: -€6,897
- Stocks and contracts +€4,446
new in 2025: €4,446
- Receivables within one year -€1,424
down €1,424 (-8.9%), from €16,034 to €14,611
of which Trade receivables: -€718
- Debts after one year -€8,007
down €8,007 (-20.9%), from €38,339 to €30,332
- Tax, wage and social debts -€3,794
down €3,794 (-91.5%), from €4,145 to €351
of which Taxes: -€4,004
- Profit (loss) carried forward -€3,276
down €3,276, from €204 to -€3,072
- Other debts +€3,063
up €3,063 (+33.7%), from €9,087 to €12,150
- Trade debts -€1,518
down €1,518 (-73.6%), from €2,062 to €544
- Gross operating margin -€18,624
down €18,624 (-75.8%), from €24,568 to €5,944
- Taxes -€1,379
down €1,379 (-90.1%), from €1,530 to €151
- Other operating charges +€605
up €605 (+86.9%), from €696 to €1,301
- Financial income +€323
up €323 (+136.1%), from €237 to €559
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 | €113,461 | €100,133 | -€13,328 | -11.7% |
| Fixed assets | 21/28 | €29,890 | €22,275 | -€7,615 | -25.5% |
| Tangible fixed assets | 22/27 | €29,890 | €22,275 | -€7,615 | -25.5% |
| Land and buildings | 22 | €2,803 | €2,453 | -€350 | -12.5% |
| Plant, machinery and equipment | 23 | €517 | €275 | -€242 | -46.8% |
| Furniture and vehicles | 24 | €26,443 | €19,547 | -€6,897 | -26.1% |
| Other tangible fixed assets | 26 | €127 | - | -€127 | |
| Current assets | 29/58 | €83,571 | €77,858 | -€5,713 | -6.8% |
| Stocks and contracts in progress | 3 | - | €4,446 | +€4,446 | |
| Stocks | 30/36 | - | €4,446 | +€4,446 | |
| Amounts receivable within one year | 40/41 | €16,034 | €14,611 | -€1,424 | -8.9% |
| Trade receivables | 40 | €12,855 | €12,137 | -€718 | -5.6% |
| Other amounts receivable | 41 | €3,179 | €2,473 | -€706 | -22.2% |
| Cash at bank and in hand | 54/58 | €67,537 | €58,802 | -€8,735 | -12.9% |
| Total equity and liabilities | 10/49 | €113,461 | €100,133 | -€13,328 | -11.7% |
| Equity | 10/15 | €52,025 | €48,749 | -€3,276 | -6.3% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €27,821 | €27,821 | = | 0.0% |
| Distributable reserves | 133 | €27,821 | €27,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204 | -€3,072 | -€3,276 | |
| Amounts payable | 17/49 | €61,436 | €51,384 | -€10,051 | -16.4% |
| Amounts payable after more than one year | 17 | €38,339 | €30,332 | -€8,007 | -20.9% |
| Financial debts | 170/4 | €38,339 | €30,332 | -€8,007 | -20.9% |
| Amounts payable within one year | 42/48 | €23,096 | €21,052 | -€2,044 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €7,803 | €8,007 | +€204 | +2.6% |
| Trade debts | 44 | €2,062 | €544 | -€1,518 | -73.6% |
| Suppliers | 440/4 | €2,062 | €544 | -€1,518 | -73.6% |
| Taxes, remuneration and social security | 45 | €4,145 | €351 | -€3,794 | -91.5% |
| Taxes | 450/3 | €4,145 | €141 | -€4,004 | -96.6% |
| Remuneration and social security | 454/9 | - | €210 | +€210 | |
| Other amounts payable | 47/48 | €9,087 | €12,150 | +€3,063 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,615 | €7,615 | -€0 | 0.0% |
| Other operating charges | 640/8 | €696 | €1,301 | +€605 | +86.9% |
| Gross operating margin | 9900 | €24,568 | €5,944 | -€18,624 | -75.8% |
| Operating profit (loss) | 9901 | €16,257 | -€2,972 | -€19,229 | |
| Financial income | 75/76B | €237 | €559 | +€323 | +136.1% |
| Recurring financial income | 75 | €237 | €559 | +€323 | +136.1% |
| Financial charges | 65/66B | €860 | €713 | -€147 | -17.1% |
| Recurring financial charges | 65 | €860 | €713 | -€147 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €15,634 | -€3,126 | -€18,759 | |
| Income taxes | 67/77 | €1,530 | €151 | -€1,379 | -90.1% |
| Profit (loss) for the period | 9904 | €14,104 | -€3,276 | -€17,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,104 | -€3,276 | -€17,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.