RASCOMAT: 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.
RASCOMAT
Largest movements
- Receivables within one year +€64,318
up €64,318 (+91.0%), from €70,709 to €135,028
- Financial fixed assets +€50,000
new in 2025: €50,000
- Stocks and contracts -€36,365
down €36,365 (-29.1%), from €125,175 to €88,810
of which Stocks: -€34,290
- Cash +€7,227
up €7,227 (+5.7%), from €127,078 to €134,305
mainly Depreciation (+€52,390) and Stocks and contracts (+€36,365)
- Reserves +€29,809
up €29,809 (+45.2%), from €65,967 to €95,777
of which Distributable reserves: +€29,809
- Current portion of long-term debt +€21,192
up €21,192 (+38.7%), from €54,794 to €75,986
- Other debts +€21,111
up €21,111 (+601%), from €3,512 to €24,623
- Trade debts +€12,733
up €12,733 (+34.2%), from €37,200 to €49,933
- Debts after one year -€10,023
down €10,023 (-7.4%), from €134,785 to €124,762
- Gross operating margin +€56,828
up €56,828 (+32.8%), from €173,369 to €230,197
- Staff costs +€21,088
up €21,088 (+19.6%), from €107,383 to €128,471
- Taxes +€9,228
up €9,228 (+315%), from €2,926 to €12,154
- Depreciation +€5,752
up €5,752 (+12.3%), from €46,638 to €52,390
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 | €545,155 | €627,781 | +€82,625 | +15.2% |
| Fixed assets | 21/28 | €219,909 | €266,519 | +€46,610 | +21.2% |
| Tangible fixed assets | 22/27 | €219,909 | €216,519 | -€3,390 | -1.5% |
| Land and buildings | 22 | €27,587 | €20,671 | -€6,916 | -25.1% |
| Plant, machinery and equipment | 23 | €46,186 | €82,758 | +€36,572 | +79.2% |
| Furniture and vehicles | 24 | €17,386 | €10,090 | -€7,296 | -42.0% |
| Leasing and similar rights | 25 | €128,750 | €103,000 | -€25,750 | -20.0% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €325,246 | €361,262 | +€36,016 | +11.1% |
| Stocks and contracts in progress | 3 | €125,175 | €88,810 | -€36,365 | -29.1% |
| Stocks | 30/36 | €114,570 | €80,280 | -€34,290 | -29.9% |
| Contracts in progress | 37 | €10,605 | €8,530 | -€2,075 | -19.6% |
| Amounts receivable within one year | 40/41 | €70,709 | €135,028 | +€64,318 | +91.0% |
| Trade receivables | 40 | €70,709 | €135,028 | +€64,318 | +91.0% |
| Cash at bank and in hand | 54/58 | €127,078 | €134,305 | +€7,227 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,284 | €3,119 | +€836 | +36.6% |
| Total equity and liabilities | 10/49 | €545,155 | €627,781 | +€82,625 | +15.2% |
| Equity | 10/15 | €305,967 | €335,777 | +€29,809 | +9.7% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €65,967 | €95,777 | +€29,809 | +45.2% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €41,967 | €71,777 | +€29,809 | +71.0% |
| Amounts payable | 17/49 | €239,188 | €292,004 | +€52,816 | +22.1% |
| Amounts payable after more than one year | 17 | €134,785 | €124,762 | -€10,023 | -7.4% |
| Financial debts | 170/4 | €134,785 | €124,762 | -€10,023 | -7.4% |
| Amounts payable within one year | 42/48 | €103,817 | €166,213 | +€62,397 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €54,794 | €75,986 | +€21,192 | +38.7% |
| Trade debts | 44 | €37,200 | €49,933 | +€12,733 | +34.2% |
| Suppliers | 440/4 | €37,200 | €49,933 | +€12,733 | +34.2% |
| Taxes, remuneration and social security | 45 | €8,310 | €15,671 | +€7,362 | +88.6% |
| Taxes | 450/3 | €2,976 | €13,421 | +€10,445 | +351% |
| Remuneration and social security | 454/9 | €5,334 | €2,250 | -€3,083 | -57.8% |
| Other amounts payable | 47/48 | €3,512 | €24,623 | +€21,111 | +601% |
| Accrued charges and deferred income | 492/3 | €586 | €1,029 | +€443 | +75.5% |
| Remuneration, social security and pensions | 62 | €107,383 | €128,471 | +€21,088 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,638 | €52,390 | +€5,752 | +12.3% |
| Other operating charges | 640/8 | €707 | €671 | -€37 | -5.2% |
| Gross operating margin | 9900 | €173,369 | €230,197 | +€56,828 | +32.8% |
| Operating profit (loss) | 9901 | €18,641 | €48,666 | +€30,025 | +161% |
| Financial charges | 65/66B | €5,890 | €6,702 | +€812 | +13.8% |
| Recurring financial charges | 65 | €5,890 | €6,702 | +€812 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €12,750 | €41,964 | +€29,213 | +229% |
| Income taxes | 67/77 | €2,926 | €12,154 | +€9,228 | +315% |
| Profit (loss) for the period | 9904 | €9,824 | €29,809 | +€19,985 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €9,824 | €29,809 | +€19,985 | +203% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.