RASCAL: 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.
RASCAL
Largest movements
- Cash +€38,300
up €38,300 (+38.2%), from €100,303 to €138,603
mainly Net result for the year (+€53,711) and Depreciation (+€2,038)
- Receivables within one year +€2,772
up €2,772 (+23.5%), from €11,821 to €14,593
of which Trade receivables: +€2,837
- Tangible fixed assets +€2,357
up €2,357 (+33.3%), from €7,081 to €9,438
of which Plant, machinery and equipment: +€1,967
- Reserves +€53,711
up €53,711 (+72.3%), from €74,332 to €128,043
- Other debts -€11,541
down €11,541 (-59.6%), from €19,357 to €7,815
- Gross operating margin -€2,215
down €2,215 (-3.0%), from €73,896 to €71,680
- Financial charges -€1,531
down €1,531 (-47.5%), from €3,220 to €1,689
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 | €120,710 | €164,008 | +€43,298 | +35.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,081 | €9,438 | +€2,357 | +33.3% |
| Tangible fixed assets | 22/27 | €7,081 | €9,438 | +€2,357 | +33.3% |
| Plant, machinery and equipment | 23 | €1,151 | €3,118 | +€1,967 | +170.8% |
| Furniture and vehicles | 24 | €5,930 | €6,320 | +€390 | +6.6% |
| Current assets | 29/58 | €113,629 | €154,570 | +€40,941 | +36.0% |
| Amounts receivable within one year | 40/41 | €11,821 | €14,593 | +€2,772 | +23.5% |
| Trade receivables | 40 | €11,755 | €14,593 | +€2,837 | +24.1% |
| Other amounts receivable | 41 | €65 | €0 | -€65 | -100.0% |
| Cash at bank and in hand | 54/58 | €100,303 | €138,603 | +€38,300 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,505 | €1,374 | -€131 | -8.7% |
| Total equity and liabilities | 10/49 | €120,710 | €164,008 | +€43,298 | +35.9% |
| Equity | 10/15 | €77,832 | €131,543 | +€53,711 | +69.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €74,332 | €128,043 | +€53,711 | +72.3% |
| Distributable reserves | 133 | €74,332 | €128,043 | +€53,711 | +72.3% |
| Amounts payable | 17/49 | €42,877 | €32,465 | -€10,412 | -24.3% |
| Amounts payable within one year | 42/48 | €41,512 | €31,100 | -€10,412 | -25.1% |
| Trade debts | 44 | €2,007 | €2,984 | +€977 | +48.7% |
| Suppliers | 440/4 | €2,007 | €2,984 | +€977 | +48.7% |
| Taxes, remuneration and social security | 45 | €20,148 | €20,301 | +€152 | +0.8% |
| Taxes | 450/3 | €20,148 | €20,301 | +€152 | +0.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,357 | €7,815 | -€11,541 | -59.6% |
| Accrued charges and deferred income | 492/3 | €1,366 | €1,366 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,506 | €2,038 | -€468 | -18.7% |
| Other operating charges | 640/8 | €202 | €217 | +€15 | +7.4% |
| Gross operating margin | 9900 | €73,896 | €71,680 | -€2,215 | -3.0% |
| Operating profit (loss) | 9901 | €71,187 | €69,425 | -€1,762 | -2.5% |
| Financial charges | 65/66B | €3,220 | €1,689 | -€1,531 | -47.5% |
| Recurring financial charges | 65 | €3,220 | €1,689 | -€1,531 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €67,968 | €67,736 | -€231 | -0.3% |
| Income taxes | 67/77 | €14,053 | €14,026 | -€28 | -0.2% |
| Profit (loss) for the period | 9904 | €53,914 | €53,711 | -€203 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,914 | €53,711 | -€203 | -0.4% |
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 5 October 2026 via checked.be.