STUDIO RABONA: 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.
STUDIO RABONA
Largest movements
- Receivables after one year -€120,000
no longer reported in 2025 (was €120,000)
- Tangible fixed assets -€13,299
down €13,299 (-11.4%), from €116,574 to €103,274
of which Land and buildings: -€9,520
- Deferred charges and accrued income -€5,746
down €5,746 (-40.0%), from €14,364 to €8,618
- Cash +€4,135
up €4,135 (+28.1%), from €14,693 to €18,828
mainly Receivables after one year (+€120,000) and Net result for the year (+€62,355)
- Reserves -€137,645
down €137,645 (-50.3%), from €273,810 to €136,165
- Other debts +€39,823
up €39,823 (+327%), from €12,191 to €52,014
- Tax, wage and social debts -€25,423
down €25,423 (-41.6%), from €61,042 to €35,619
of which Remuneration and social security: -€14,871
- Trade debts -€17,560
down €17,560 (-86.5%), from €20,294 to €2,734
- Gross operating margin +€95,881
up €95,881 (+47.8%), from €200,609 to €296,490
- Taxes +€21,818
up €21,818 (+14,170%), from €154 to €21,972
- Depreciation -€3,848
down €3,848 (-12.0%), from €32,136 to €28,289
- Staff costs +€3,326
up €3,326 (+1.9%), from €177,139 to €180,465
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 | €370,400 | €233,648 | -€136,751 | -36.9% |
| Fixed assets | 21/28 | €117,276 | €103,977 | -€13,299 | -11.3% |
| Tangible fixed assets | 22/27 | €116,574 | €103,274 | -€13,299 | -11.4% |
| Land and buildings | 22 | €81,482 | €71,962 | -€9,520 | -11.7% |
| Plant, machinery and equipment | 23 | €22,263 | €23,007 | +€744 | +3.3% |
| Furniture and vehicles | 24 | €12,829 | €8,305 | -€4,523 | -35.3% |
| Financial fixed assets | 28 | €703 | €703 | = | 0.0% |
| Current assets | 29/58 | €253,123 | €129,672 | -€123,452 | -48.8% |
| Amounts receivable after more than one year | 29 | €120,000 | - | -€120,000 | |
| Trade receivables | 290 | €120,000 | - | -€120,000 | |
| Amounts receivable within one year | 40/41 | €104,067 | €102,226 | -€1,841 | -1.8% |
| Trade receivables | 40 | €98,906 | €102,063 | +€3,157 | +3.2% |
| Other amounts receivable | 41 | €5,161 | €163 | -€4,998 | -96.8% |
| Cash at bank and in hand | 54/58 | €14,693 | €18,828 | +€4,135 | +28.1% |
| Deferred charges and accrued income | 490/1 | €14,364 | €8,618 | -€5,746 | -40.0% |
| Total equity and liabilities | 10/49 | €370,400 | €233,648 | -€136,751 | -36.9% |
| Equity | 10/15 | €276,810 | €139,165 | -€137,645 | -49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €273,810 | €136,165 | -€137,645 | -50.3% |
| Distributable reserves | 133 | €273,810 | €136,165 | -€137,645 | -50.3% |
| Amounts payable | 17/49 | €93,589 | €94,483 | +€893 | +1.0% |
| Amounts payable within one year | 42/48 | €93,589 | €92,210 | -€1,379 | -1.5% |
| Financial debts | 43 | €62 | €1,843 | +€1,781 | +2,868% |
| Credit institutions | 430/8 | €62 | €1,843 | +€1,781 | +2,868% |
| Trade debts | 44 | €20,294 | €2,734 | -€17,560 | -86.5% |
| Suppliers | 440/4 | €20,294 | €2,734 | -€17,560 | -86.5% |
| Taxes, remuneration and social security | 45 | €61,042 | €35,619 | -€25,423 | -41.6% |
| Taxes | 450/3 | €24,372 | €13,821 | -€10,552 | -43.3% |
| Remuneration and social security | 454/9 | €36,669 | €21,798 | -€14,871 | -40.6% |
| Other amounts payable | 47/48 | €12,191 | €52,014 | +€39,823 | +327% |
| Accrued charges and deferred income | 492/3 | - | €2,273 | +€2,273 | |
| Remuneration, social security and pensions | 62 | €177,139 | €180,465 | +€3,326 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,136 | €28,289 | -€3,848 | -12.0% |
| Other operating charges | 640/8 | €979 | €935 | -€44 | -4.5% |
| Non-recurring operating charges | 66A | €929 | - | -€929 | |
| Gross operating margin | 9900 | €200,609 | €296,490 | +€95,881 | +47.8% |
| Operating profit (loss) | 9901 | -€10,575 | €86,801 | +€97,377 | |
| Financial income | 75/76B | €1,739 | €1,751 | +€11 | +0.7% |
| Recurring financial income | 75 | €1,739 | €1,751 | +€11 | +0.7% |
| Financial charges | 65/66B | €2,846 | €4,225 | +€1,379 | +48.5% |
| Recurring financial charges | 65 | €2,846 | €4,225 | +€1,379 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,682 | €84,327 | +€96,009 | |
| Income taxes | 67/77 | €154 | €21,972 | +€21,818 | +14,170% |
| Profit (loss) for the period | 9904 | -€11,836 | €62,355 | +€74,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,836 | €62,355 | +€74,191 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.