B.RAW productions: what changed
B.RAW productions
Largest movements
- Cash +€12,337
up €12,337 (+104%), from €11,908 to €24,245
mainly Receivables within one year (+€8,776) and Net result for the year (+€6,060)
- Receivables within one year -€8,776
down €8,776 (-22.0%), from €39,924 to €31,149
of which Trade receivables: -€9,308
- Tangible fixed assets -€926
down €926 (-100%), from €926 to €0
- Other debts -€7,000
down €7,000 (-26.9%), from €26,003 to €19,003
- Reserves +€6,060
up €6,060 (+78.9%), from €7,678 to €13,738
- Tax, wage and social debts +€3,386
up €3,386 (+26.6%), from €12,712 to €16,098
- Trade debts -€1,173
down €1,173 (-34.9%), from €3,366 to €2,193
- Short-term financial debts +€912
new in 2025: €912
- Gross operating margin -€1,238
down €1,238 (-8.4%), from €14,665 to €13,426
- Other operating charges +€793
up €793 (+63.1%), from €1,255 to €2,048
- Taxes -€783
down €783 (-16.0%), from €4,896 to €4,114
- Financial charges -€654
down €654 (-69.0%), from €947 to €293
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 | €52,759 | €55,394 | +€2,635 | +5.0% |
| Fixed assets | 21/28 | €926 | €0 | -€926 | -100% |
| Tangible fixed assets | 22/27 | €926 | €0 | -€926 | -100% |
| Plant, machinery and equipment | 23 | €926 | €0 | -€926 | -100% |
| Current assets | 29/58 | €51,833 | €55,394 | +€3,561 | +6.9% |
| Amounts receivable within one year | 40/41 | €39,924 | €31,149 | -€8,776 | -22.0% |
| Trade receivables | 40 | €38,965 | €29,656 | -€9,308 | -23.9% |
| Other amounts receivable | 41 | €960 | €1,493 | +€533 | +55.5% |
| Cash at bank and in hand | 54/58 | €11,908 | €24,245 | +€12,337 | +104% |
| Total equity and liabilities | 10/49 | €52,759 | €55,394 | +€2,635 | +5.0% |
| Equity | 10/15 | €10,678 | €16,738 | +€6,060 | +56.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,678 | €13,738 | +€6,060 | +78.9% |
| Distributable reserves | 133 | €7,678 | €13,738 | +€6,060 | +78.9% |
| Amounts payable | 17/49 | €42,080 | €38,656 | -€3,424 | -8.1% |
| Amounts payable within one year | 42/48 | €42,080 | €38,206 | -€3,874 | -9.2% |
| Financial debts | 43 | - | €912 | +€912 | |
| Credit institutions | 430/8 | - | €912 | +€912 | |
| Trade debts | 44 | €3,366 | €2,193 | -€1,173 | -34.9% |
| Suppliers | 440/4 | €3,366 | €2,193 | -€1,173 | -34.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,712 | €16,098 | +€3,386 | +26.6% |
| Taxes | 450/3 | €12,712 | €16,098 | +€3,386 | +26.6% |
| Other amounts payable | 47/48 | €26,003 | €19,003 | -€7,000 | -26.9% |
| Accrued charges and deferred income | 492/3 | €0 | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €926 | -€89 | -8.8% |
| Other operating charges | 640/8 | €1,255 | €2,048 | +€793 | +63.1% |
| Gross operating margin | 9900 | €14,665 | €13,426 | -€1,238 | -8.4% |
| Operating profit (loss) | 9901 | €12,394 | €10,452 | -€1,942 | -15.7% |
| Financial income | 75/76B | €72 | €15 | -€58 | -79.8% |
| Recurring financial income | 75 | €72 | €15 | -€58 | -79.8% |
| Financial charges | 65/66B | €947 | €293 | -€654 | -69.0% |
| Recurring financial charges | 65 | €947 | €293 | -€654 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €11,519 | €10,173 | -€1,346 | -11.7% |
| Income taxes | 67/77 | €4,896 | €4,114 | -€783 | -16.0% |
| Profit (loss) for the period | 9904 | €6,623 | €6,060 | -€563 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,623 | €6,060 | -€563 | -8.5% |
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 6 November 2026 via checked.be.