AB RAEDSCHELDERS: 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.
AB RAEDSCHELDERS
Largest movements
- Cash -€22,766
down €22,766 (-58.3%), from €39,060 to €16,294
mainly Receivables within one year (-€21,534) and Investment in fixed assets (net) (-€9,096)
- Receivables within one year +€21,534
up €21,534 (+187%), from €11,521 to €33,055
of which Other amounts receivable: +€21,315
- Tangible fixed assets +€7,470
up €7,470 (+6,778%), from €110 to €7,580
- Other debts +€5,757
up €5,757 (+381%), from €1,509 to €7,267
- Trade debts -€2,757
down €2,757 (-94.9%), from €2,907 to €149
- Profit (loss) carried forward +€2,005
up €2,005 (+7.8%), from €25,575 to €27,579
- Accrued charges and deferred income +€1,858
up €1,858 (+413%), from €449 to €2,307
- Gross operating margin +€9,911
up €9,911 (+255%), from €3,888 to €13,800
- Taxes +€2,247
up €2,247 (+129%), from €1,744 to €3,991
- Financial charges -€1,333
down €1,333 (-58.9%), from €2,265 to €932
- Depreciation +€931
up €931 (+134%), from €695 to €1,626
- Other operating charges -€434
down €434 (-43.6%), from €996 to €562
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 | €50,691 | €57,009 | +€6,318 | +12.5% |
| Fixed assets | 21/28 | €110 | €7,580 | +€7,470 | +6,778% |
| Tangible fixed assets | 22/27 | €110 | €7,580 | +€7,470 | +6,778% |
| Furniture and vehicles | 24 | €110 | €7,580 | +€7,470 | +6,778% |
| Current assets | 29/58 | €50,581 | €49,429 | -€1,152 | -2.3% |
| Amounts receivable within one year | 40/41 | €11,521 | €33,055 | +€21,534 | +187% |
| Trade receivables | 40 | €11,521 | €11,740 | +€219 | +1.9% |
| Other amounts receivable | 41 | - | €21,315 | +€21,315 | |
| Cash at bank and in hand | 54/58 | €39,060 | €16,294 | -€22,766 | -58.3% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €50,691 | €57,009 | +€6,318 | +12.5% |
| Equity | 10/15 | €44,175 | €46,179 | +€2,005 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,575 | €27,579 | +€2,005 | +7.8% |
| Amounts payable | 17/49 | €6,516 | €10,830 | +€4,313 | +66.2% |
| Amounts payable within one year | 42/48 | €6,067 | €8,522 | +€2,455 | +40.5% |
| Trade debts | 44 | €2,907 | €149 | -€2,757 | -94.9% |
| Suppliers | 440/4 | €2,907 | €149 | -€2,757 | -94.9% |
| Taxes, remuneration and social security | 45 | €1,651 | €1,107 | -€545 | -33.0% |
| Taxes | 450/3 | €1,651 | €1,107 | -€545 | -33.0% |
| Other amounts payable | 47/48 | €1,509 | €7,267 | +€5,757 | +381% |
| Accrued charges and deferred income | 492/3 | €449 | €2,307 | +€1,858 | +413% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €1,626 | +€931 | +134% |
| Other operating charges | 640/8 | €996 | €562 | -€434 | -43.6% |
| Gross operating margin | 9900 | €3,888 | €13,800 | +€9,911 | +255% |
| Operating profit (loss) | 9901 | €2,197 | €11,612 | +€9,414 | +428% |
| Financial income | 75/76B | - | €315 | +€315 | |
| Recurring financial income | 75 | - | €315 | +€315 | |
| Financial charges | 65/66B | €2,265 | €932 | -€1,333 | -58.9% |
| Recurring financial charges | 65 | €2,265 | €932 | -€1,333 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€67 | €10,995 | +€11,062 | |
| Income taxes | 67/77 | €1,744 | €3,991 | +€2,247 | +129% |
| Profit (loss) for the period | 9904 | -€1,811 | €7,005 | +€8,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,811 | €7,005 | +€8,816 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.