BOUWONDERNEMING MARK RAATS: 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.
BOUWONDERNEMING MARK RAATS
Largest movements
- Cash -€94,425
down €94,425 (-30.0%), from €315,143 to €220,718
mainly Debts after one year (-€156,924) and Other debts (-€79,051)
- Tangible fixed assets -€47,844
down €47,844 (-23.4%), from €204,276 to €156,432
of which Furniture and vehicles: -€25,730
- Stocks and contracts +€24,993
up €24,993 (+7.5%), from €334,262 to €359,255
of which Stocks: +€24,993
- Debts after one year -€156,924
down €156,924 (-51.2%), from €306,387 to €149,463
- Current portion of long-term debt +€118,253
up €118,253 (+355%), from €33,310 to €151,564
- Other debts -€79,051
down €79,051 (-84.5%), from €93,512 to €14,461
- Trade debts +€18,390
up €18,390 (+312%), from €5,887 to €24,277
- Reserves -€15,076
down €15,076 (-3.7%), from €407,429 to €392,353
- Gross operating margin -€198,664
down €198,664 (-78.0%), from €254,627 to €55,963
- Taxes -€50,032
down €50,032 (-99.6%), from €50,230 to €198
- Staff costs -€15,998
down €15,998, from €15,316 to -€682
- Financial charges +€4,098
up €4,098 (+39.1%), from €10,495 to €14,593
- Depreciation -€3,106
down €3,106 (-6.0%), from €51,360 to €48,254
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 | €867,308 | €749,440 | -€117,868 | -13.6% |
| Fixed assets | 21/28 | €205,548 | €157,294 | -€48,254 | -23.5% |
| Intangible fixed assets | 21 | €543 | €133 | -€410 | -75.6% |
| Tangible fixed assets | 22/27 | €204,276 | €156,432 | -€47,844 | -23.4% |
| Land and buildings | 22 | €116,816 | €98,707 | -€18,109 | -15.5% |
| Plant, machinery and equipment | 23 | €18,642 | €14,637 | -€4,005 | -21.5% |
| Furniture and vehicles | 24 | €68,817 | €43,087 | -€25,730 | -37.4% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €661,760 | €592,146 | -€69,615 | -10.5% |
| Stocks and contracts in progress | 3 | €334,262 | €359,255 | +€24,993 | +7.5% |
| Stocks | 30/36 | €334,262 | €359,255 | +€24,993 | +7.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,725 | €9,097 | -€1,628 | -15.2% |
| Trade receivables | 40 | €10,353 | €8,568 | -€1,785 | -17.2% |
| Other amounts receivable | 41 | €372 | €529 | +€157 | +42.2% |
| Cash at bank and in hand | 54/58 | €315,143 | €220,718 | -€94,425 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,631 | €3,076 | +€1,446 | +88.6% |
| Total equity and liabilities | 10/49 | €867,308 | €749,440 | -€117,868 | -13.6% |
| Equity | 10/15 | €413,629 | €398,553 | -€15,076 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €407,429 | €392,353 | -€15,076 | -3.7% |
| Distributable reserves | 133 | €407,429 | €392,353 | -€15,076 | -3.7% |
| Amounts payable | 17/49 | €453,680 | €350,887 | -€102,792 | -22.7% |
| Amounts payable after more than one year | 17 | €306,387 | €149,463 | -€156,924 | -51.2% |
| Financial debts | 170/4 | €306,387 | €149,463 | -€156,924 | -51.2% |
| Amounts payable within one year | 42/48 | €145,843 | €197,978 | +€52,136 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €33,310 | €151,564 | +€118,253 | +355% |
| Trade debts | 44 | €5,887 | €24,277 | +€18,390 | +312% |
| Suppliers | 440/4 | €5,887 | €24,277 | +€18,390 | +312% |
| Taxes, remuneration and social security | 45 | €13,133 | €7,677 | -€5,457 | -41.5% |
| Taxes | 450/3 | €13,133 | €5,527 | -€7,607 | -57.9% |
| Remuneration and social security | 454/9 | €0 | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | €93,512 | €14,461 | -€79,051 | -84.5% |
| Accrued charges and deferred income | 492/3 | €1,450 | €3,446 | +€1,996 | +138% |
| Remuneration, social security and pensions | 62 | €15,316 | -€682 | -€15,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,360 | €48,254 | -€3,106 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,286 | €0 | -€2,286 | -100% |
| Other operating charges | 640/8 | €7,393 | €10,461 | +€3,068 | +41.5% |
| Gross operating margin | 9900 | €254,627 | €55,963 | -€198,664 | -78.0% |
| Operating profit (loss) | 9901 | €178,272 | -€2,070 | -€180,343 | |
| Financial income | 75/76B | €2,023 | €1,785 | -€237 | -11.7% |
| Recurring financial income | 75 | €2,023 | €1,785 | -€237 | -11.7% |
| Financial charges | 65/66B | €10,495 | €14,593 | +€4,098 | +39.1% |
| Recurring financial charges | 65 | €10,495 | €14,593 | +€4,098 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €169,800 | -€14,878 | -€184,678 | |
| Income taxes | 67/77 | €50,230 | €198 | -€50,032 | -99.6% |
| Profit (loss) for the period | 9904 | €119,570 | -€15,076 | -€134,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,570 | -€15,076 | -€134,646 |
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 1 November 2026 via checked.be.