Rasenberg Construct: what changed
Rasenberg Construct
Largest movements
- Cash -€613,371
down €613,371 (-87.8%), from €698,500 to €85,129
mainly Other debts (-€430,000) and Tax, wage and social debts (-€110,235)
- Other debts -€430,000
down €430,000 (-22.7%), from €1.9m to €1.5m
- Tax, wage and social debts -€110,235
down €110,235 (-99.9%), from €110,345 to €110
- Profit (loss) carried forward -€46,387
down €46,387 (-40.3%), from -€115,048 to -€161,435
- Gross operating margin -€79,521
down €79,521, from €37,747 to -€41,774
- Financial charges -€64,562
down €64,562 (-99.9%), from €64,653 to €91
- Other operating charges -€4,374
down €4,374 (-49.2%), from €8,895 to €4,522
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,927,223 | €1,323,439 | -€603,784 | -31.3% |
| Current assets | 29/58 | €1,927,223 | €1,323,439 | -€603,784 | -31.3% |
| Stocks and contracts in progress | 3 | €1,228,723 | €1,237,226 | +€8,503 | +0.7% |
| Stocks | 30/36 | €1,228,723 | €1,237,226 | +€8,503 | +0.7% |
| Cash at bank and in hand | 54/58 | €698,500 | €85,129 | -€613,371 | -87.8% |
| Deferred charges and accrued income | 490/1 | - | €1,084 | +€1,084 | |
| Total equity and liabilities | 10/49 | €1,927,223 | €1,323,439 | -€603,784 | -31.3% |
| Equity | 10/15 | -€96,448 | -€142,835 | -€46,387 | -48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,048 | -€161,435 | -€46,387 | -40.3% |
| Amounts payable | 17/49 | €2,023,671 | €1,466,274 | -€557,397 | -27.5% |
| Amounts payable within one year | 42/48 | €2,023,671 | €1,466,274 | -€557,397 | -27.5% |
| Trade debts | 44 | €20,335 | €3,173 | -€17,162 | -84.4% |
| Suppliers | 440/4 | €20,335 | €3,173 | -€17,162 | -84.4% |
| Taxes, remuneration and social security | 45 | €110,345 | €110 | -€110,235 | -99.9% |
| Taxes | 450/3 | €110,345 | €110 | -€110,235 | -99.9% |
| Other amounts payable | 47/48 | €1,892,991 | €1,462,991 | -€430,000 | -22.7% |
| Other operating charges | 640/8 | €8,895 | €4,522 | -€4,374 | -49.2% |
| Gross operating margin | 9900 | €37,747 | -€41,774 | -€79,521 | |
| Operating profit (loss) | 9901 | €28,852 | -€46,296 | -€75,148 | |
| Financial charges | 65/66B | €64,653 | €91 | -€64,562 | -99.9% |
| Recurring financial charges | 65 | €64,653 | €91 | -€64,562 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,801 | -€46,387 | -€10,586 | -29.6% |
| Profit (loss) for the period | 9904 | -€35,801 | -€46,387 | -€10,586 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,801 | -€46,387 | -€10,586 | -29.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.