RASSCHAERT KOEN: what changed
RASSCHAERT KOEN
Largest movements
- Cash +€34,105
up €34,105 (+2,567%), from €1,329 to €35,434
mainly Depreciation (+€37,864) and Receivables within one year (+€30,972)
- Receivables within one year -€30,972
down €30,972 (-67.2%), from €46,119 to €15,147
of which Trade receivables: -€28,785
- Tangible fixed assets -€14,492
down €14,492 (-21.0%), from €69,018 to €54,526
of which Plant, machinery and equipment: -€8,707
- Current portion of long-term debt -€18,811
down €18,811 (-100%), from €18,811 to €0
- Reserves +€4,324
up €4,324 (+9.1%), from €47,405 to €51,730
- Other debts +€2,071
up €2,071 (+7.7%), from €26,848 to €28,919
- Gross operating margin -€14,036
down €14,036 (-21.5%), from €65,398 to €51,362
- Other operating charges -€7,299
down €7,299 (-75.4%), from €9,680 to €2,381
- Depreciation +€4,006
up €4,006 (+11.8%), from €33,858 to €37,864
- Taxes -€2,568
down €2,568 (-29.0%), from €8,862 to €6,294
- Financial charges -€924
down €924 (-57.9%), from €1,594 to €671
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 | €117,969 | €105,809 | -€12,160 | -10.3% |
| Fixed assets | 21/28 | €70,153 | €54,661 | -€15,492 | -22.1% |
| Tangible fixed assets | 22/27 | €69,018 | €54,526 | -€14,492 | -21.0% |
| Plant, machinery and equipment | 23 | €30,435 | €21,727 | -€8,707 | -28.6% |
| Furniture and vehicles | 24 | €38,583 | €32,799 | -€5,784 | -15.0% |
| Financial fixed assets | 28 | €1,135 | €135 | -€1,000 | -88.1% |
| Current assets | 29/58 | €47,816 | €51,147 | +€3,331 | +7.0% |
| Amounts receivable within one year | 40/41 | €46,119 | €15,147 | -€30,972 | -67.2% |
| Trade receivables | 40 | €41,076 | €12,291 | -€28,785 | -70.1% |
| Other amounts receivable | 41 | €5,043 | €2,856 | -€2,187 | -43.4% |
| Cash at bank and in hand | 54/58 | €1,329 | €35,434 | +€34,105 | +2,567% |
| Deferred charges and accrued income | 490/1 | €368 | €566 | +€198 | +53.9% |
| Total equity and liabilities | 10/49 | €117,969 | €105,809 | -€12,160 | -10.3% |
| Equity | 10/15 | €52,405 | €56,730 | +€4,324 | +8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,405 | €51,730 | +€4,324 | +9.1% |
| Distributable reserves | 133 | €47,405 | €51,730 | +€4,324 | +9.1% |
| Amounts payable | 17/49 | €65,564 | €49,079 | -€16,484 | -25.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,564 | €49,079 | -€16,484 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €18,811 | €0 | -€18,811 | -100% |
| Trade debts | 44 | €9,542 | €10,666 | +€1,124 | +11.8% |
| Suppliers | 440/4 | €9,542 | €10,666 | +€1,124 | +11.8% |
| Taxes, remuneration and social security | 45 | €10,362 | €9,494 | -€868 | -8.4% |
| Taxes | 450/3 | €8,862 | €6,294 | -€2,568 | -29.0% |
| Remuneration and social security | 454/9 | €1,500 | €3,200 | +€1,700 | +113% |
| Other amounts payable | 47/48 | €26,848 | €28,919 | +€2,071 | +7.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,858 | €37,864 | +€4,006 | +11.8% |
| Other operating charges | 640/8 | €9,680 | €2,381 | -€7,299 | -75.4% |
| Gross operating margin | 9900 | €65,398 | €51,362 | -€14,036 | -21.5% |
| Operating profit (loss) | 9901 | €21,860 | €11,117 | -€10,743 | -49.1% |
| Financial income | 75/76B | €845 | €172 | -€673 | -79.7% |
| Recurring financial income | 75 | €225 | €172 | -€54 | -23.8% |
| Non-recurring financial income | 76B | €620 | €0 | -€620 | -100% |
| Financial charges | 65/66B | €1,594 | €671 | -€924 | -57.9% |
| Recurring financial charges | 65 | €1,594 | €671 | -€924 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €21,111 | €10,618 | -€10,493 | -49.7% |
| Income taxes | 67/77 | €8,862 | €6,294 | -€2,568 | -29.0% |
| Profit (loss) for the period | 9904 | €12,249 | €4,324 | -€7,925 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,249 | €4,324 | -€7,925 | -64.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.