RASMACO: 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.
RASMACO
Largest movements
- Cash +€37,993
up €37,993 (+44.5%), from €85,423 to €123,416
mainly Net result for the year (+€54,708) and Depreciation (+€13,459)
- Tangible fixed assets +€31,175
up €31,175 (+210.6%), from €14,802 to €45,977
of which Furniture and vehicles: +€31,863
- Receivables within one year -€8,832
down €8,832 (-33.2%), from €26,619 to €17,787
of which Trade receivables: -€8,245
- Profit (loss) carried forward +€54,708
up €54,708 (+61.4%), from €89,158 to €143,866
- Tax, wage and social debts +€6,716
up €6,716 (+36.5%), from €18,405 to €25,121
of which Taxes: +€6,716
- Depreciation +€7,547
up €7,547 (+127.7%), from €5,912 to €13,459
- Gross operating margin +€2,252
up €2,252 (+2.5%), from €88,407 to €90,659
- Taxes -€1,268
down €1,268 (-7.2%), from €17,545 to €16,277
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 | €128,501 | €188,538 | +€60,037 | +46.7% |
| Fixed assets | 21/28 | €14,802 | €45,977 | +€31,175 | +210.6% |
| Tangible fixed assets | 22/27 | €14,802 | €45,977 | +€31,175 | +210.6% |
| Plant, machinery and equipment | 23 | €1,408 | €720 | -€688 | -48.9% |
| Furniture and vehicles | 24 | €13,394 | €45,257 | +€31,863 | +237.9% |
| Current assets | 29/58 | €113,699 | €142,561 | +€28,862 | +25.4% |
| Amounts receivable within one year | 40/41 | €26,619 | €17,787 | -€8,832 | -33.2% |
| Trade receivables | 40 | €26,032 | €17,787 | -€8,245 | -31.7% |
| Other amounts receivable | 41 | €587 | €0 | -€587 | -100.0% |
| Cash at bank and in hand | 54/58 | €85,423 | €123,416 | +€37,993 | +44.5% |
| Deferred charges and accrued income | 490/1 | €1,657 | €1,358 | -€299 | -18.0% |
| Total equity and liabilities | 10/49 | €128,501 | €188,538 | +€60,037 | +46.7% |
| Equity | 10/15 | €90,158 | €144,866 | +€54,708 | +60.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,158 | €143,866 | +€54,708 | +61.4% |
| Amounts payable | 17/49 | €38,343 | €43,672 | +€5,329 | +13.9% |
| Amounts payable within one year | 42/48 | €38,343 | €43,672 | +€5,329 | +13.9% |
| Trade debts | 44 | €94 | €542 | +€448 | +478.7% |
| Suppliers | 440/4 | €94 | €542 | +€448 | +478.7% |
| Taxes, remuneration and social security | 45 | €18,405 | €25,121 | +€6,716 | +36.5% |
| Taxes | 450/3 | €18,405 | €25,121 | +€6,716 | +36.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €19,844 | €18,009 | -€1,835 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,912 | €13,459 | +€7,547 | +127.7% |
| Other operating charges | 640/8 | €674 | €1,045 | +€370 | +54.9% |
| Non-recurring operating charges | 66A | - | €5,130 | +€5,130 | |
| Gross operating margin | 9900 | €88,407 | €90,659 | +€2,252 | +2.5% |
| Operating profit (loss) | 9901 | €81,821 | €71,025 | -€10,796 | -13.2% |
| Financial charges | 65/66B | €72 | €40 | -€31 | -43.5% |
| Recurring financial charges | 65 | €72 | €40 | -€31 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €81,749 | €70,985 | -€10,764 | -13.2% |
| Income taxes | 67/77 | €17,545 | €16,277 | -€1,268 | -7.2% |
| Profit (loss) for the period | 9904 | €64,205 | €54,708 | -€9,497 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,205 | €54,708 | -€9,497 | -14.8% |
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 29 September 2026 via checked.be.