RAMBOER & BEDDELEEM: 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.
RAMBOER & BEDDELEEM
Largest movements
- Cash -€561,854
down €561,854 (-86.4%), from €650,663 to €88,809
mainly Investment in fixed assets (net) (-€652,843) and Advances received (-€558,000)
- Tangible fixed assets +€458,822
up €458,822 (+63.9%), from €718,067 to €1.2m
of which Land and buildings: +€417,210
- Current investments +€441,242
new in 2025: €441,242
- Financial fixed assets +€142,675
up €142,675 (+39.9%), from €357,325 to €500,000
- Receivables within one year +€65,750
up €65,750 (+318%), from €20,702 to €86,452
of which Trade receivables: +€64,888
- Reserves +€910,441
up €910,441 (+74.0%), from €1.2m to €2.1m
of which Distributable reserves: +€917,441
- Advances received -€558,000
no longer reported in 2025 (was €558,000)
- Debts after one year +€91,752
up €91,752 (+30.9%), from €296,465 to €388,217
- Tax, wage and social debts +€89,970
up €89,970 (+774%), from €11,631 to €101,601
- Financial income +€1.2m
up €1.2m (+4,135%), from €28,252 to €1.2m
of which Non-recurring financial income: +€1.1m
- Taxes +€370,903
up €370,903 (+1,034%), from €35,864 to €406,767
- Gross operating margin +€57,869
up €57,869 (+44.2%), from €130,860 to €188,729
- Depreciation +€20,694
up €20,694 (+67.5%), from €30,652 to €51,346
- Financial charges -€2,576
down €2,576 (-16.5%), from €15,655 to €13,078
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 | €2,237,147 | €2,792,139 | +€554,992 | +24.8% |
| Fixed assets | 21/28 | €1,075,392 | €1,676,889 | +€601,497 | +55.9% |
| Tangible fixed assets | 22/27 | €718,067 | €1,176,889 | +€458,822 | +63.9% |
| Land and buildings | 22 | €697,480 | €1,114,691 | +€417,210 | +59.8% |
| Plant, machinery and equipment | 23 | €14,355 | €49,335 | +€34,980 | +244% |
| Furniture and vehicles | 24 | €6,232 | €12,863 | +€6,631 | +106% |
| Financial fixed assets | 28 | €357,325 | €500,000 | +€142,675 | +39.9% |
| Current assets | 29/58 | €1,161,756 | €1,115,250 | -€46,505 | -4.0% |
| Amounts receivable after more than one year | 29 | €490,391 | €497,430 | +€7,039 | +1.4% |
| Other amounts receivable | 291 | €490,391 | €497,430 | +€7,039 | +1.4% |
| Amounts receivable within one year | 40/41 | €20,702 | €86,452 | +€65,750 | +318% |
| Trade receivables | 40 | €20,702 | €85,589 | +€64,888 | +313% |
| Other amounts receivable | 41 | - | €862 | +€862 | |
| Current investments | 50/53 | - | €441,242 | +€441,242 | |
| Cash at bank and in hand | 54/58 | €650,663 | €88,809 | -€561,854 | -86.4% |
| Deferred charges and accrued income | 490/1 | - | €1,317 | +€1,317 | |
| Total equity and liabilities | 10/49 | €2,237,147 | €2,792,139 | +€554,992 | +24.8% |
| Equity | 10/15 | €1,300,956 | €2,211,398 | +€910,441 | +70.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,230,956 | €2,141,398 | +€910,441 | +74.0% |
| Non-distributable reserves | 130/1 | €7,000 | - | -€7,000 | |
| Reserves not available under the articles | 1311 | €7,000 | - | -€7,000 | |
| Tax-exempt reserves | 132 | €43,778 | €43,778 | = | 0.0% |
| Distributable reserves | 133 | €1,180,178 | €2,097,620 | +€917,441 | +77.7% |
| Amounts payable | 17/49 | €936,191 | €580,742 | -€355,449 | -38.0% |
| Amounts payable after more than one year | 17 | €296,465 | €388,217 | +€91,752 | +30.9% |
| Financial debts | 170/4 | €296,465 | €388,217 | +€91,752 | +30.9% |
| Amounts payable within one year | 42/48 | €639,726 | €192,525 | -€447,201 | -69.9% |
| Current portion of amounts payable after more than one year | 42 | €64,029 | €65,323 | +€1,293 | +2.0% |
| Trade debts | 44 | €6,065 | €25,601 | +€19,535 | +322% |
| Suppliers | 440/4 | €6,065 | €25,601 | +€19,535 | +322% |
| Advances received on contracts in progress | 46 | €558,000 | - | -€558,000 | |
| Taxes, remuneration and social security | 45 | €11,631 | €101,601 | +€89,970 | +774% |
| Taxes | 450/3 | €11,631 | €101,601 | +€89,970 | +774% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,652 | €51,346 | +€20,694 | +67.5% |
| Other operating charges | 640/8 | €5,702 | €3,586 | -€2,117 | -37.1% |
| Gross operating margin | 9900 | €130,860 | €188,729 | +€57,869 | +44.2% |
| Operating profit (loss) | 9901 | €94,505 | €133,797 | +€39,292 | +41.6% |
| Financial income | 75/76B | €28,252 | €1,196,490 | +€1.2m | +4,135% |
| Recurring financial income | 75 | €28,252 | €58,153 | +€29,902 | +106% |
| Non-recurring financial income | 76B | - | €1,138,336 | +€1.1m | |
| Financial charges | 65/66B | €15,655 | €13,078 | -€2,576 | -16.5% |
| Recurring financial charges | 65 | €15,655 | €13,078 | -€2,576 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €107,103 | €1,317,209 | +€1.2m | +1,130% |
| Income taxes | 67/77 | €35,864 | €406,767 | +€370,903 | +1,034% |
| Profit (loss) for the period | 9904 | €71,238 | €910,441 | +€839,203 | +1,178% |
| Profit (loss) for the period to be appropriated | 9905 | €71,238 | €910,441 | +€839,203 | +1,178% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.