BR RAZZAQ: 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.
BR RAZZAQ
Largest movements
- Cash -€13,465
down €13,465 (-68.2%), from €19,739 to €6,274
mainly Stocks and contracts (-€12,545) and Other debts (-€4,756)
- Stocks and contracts +€12,545
up €12,545 (+21.4%), from €58,557 to €71,102
- Profit (loss) carried forward +€5,050
up €5,050 (+57.5%), from €8,786 to €13,836
- Other debts -€4,756
down €4,756 (-20.6%), from €23,124 to €18,368
- Trade debts -€2,113
down €2,113 (-96.0%), from €2,200 to €87
- Tax, wage and social debts +€1,641
up €1,641 (+31.9%), from €5,152 to €6,793
of which Remuneration and social security: +€1,196
- Purchases and services -€41,129
down €41,129 (-8.4%), from €486,841 to €445,712
- Turnover -€28,592
down €28,592 (-6.1%), from €467,392 to €438,800
- Gross operating margin +€7,907
up €7,907 (+2,726%), from €290 to €8,198
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 | €78,296 | €77,376 | -€920 | -1.2% |
| Current assets | 29/58 | €78,296 | €77,376 | -€920 | -1.2% |
| Stocks and contracts in progress | 3 | €58,557 | €71,102 | +€12,545 | +21.4% |
| Stocks | 30/36 | €58,557 | €71,102 | +€12,545 | +21.4% |
| Cash at bank and in hand | 54/58 | €19,739 | €6,274 | -€13,465 | -68.2% |
| Total equity and liabilities | 10/49 | €78,296 | €77,376 | -€920 | -1.2% |
| Equity | 10/15 | €9,786 | €14,836 | +€5,050 | +51.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,786 | €13,836 | +€5,050 | +57.5% |
| Amounts payable | 17/49 | €68,510 | €62,540 | -€5,970 | -8.7% |
| Amounts payable after more than one year | 17 | €35,300 | €35,300 | = | 0.0% |
| Financial debts | 170/4 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 178/9 | €30,800 | €30,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,210 | €27,240 | -€5,970 | -18.0% |
| Financial debts | 43 | €2,734 | €1,992 | -€742 | -27.2% |
| Credit institutions | 430/8 | €2,734 | €1,992 | -€742 | -27.2% |
| Trade debts | 44 | €2,200 | €87 | -€2,113 | -96.0% |
| Suppliers | 440/4 | €2,200 | €87 | -€2,113 | -96.0% |
| Taxes, remuneration and social security | 45 | €5,152 | €6,793 | +€1,641 | +31.9% |
| Taxes | 450/3 | €5,137 | €5,583 | +€446 | +8.7% |
| Remuneration and social security | 454/9 | €14 | €1,210 | +€1,196 | +8,251% |
| Other amounts payable | 47/48 | €23,124 | €18,368 | -€4,756 | -20.6% |
| Turnover | 70 | €467,392 | €438,800 | -€28,592 | -6.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €486,841 | €445,712 | -€41,129 | -8.4% |
| Other operating charges | 640/8 | €1,017 | - | -€1,017 | |
| Gross operating margin | 9900 | €290 | €8,198 | +€7,907 | +2,726% |
| Operating profit (loss) | 9901 | -€726 | €8,198 | +€8,924 | |
| Financial charges | 65/66B | €1,791 | €1,885 | +€94 | +5.3% |
| Recurring financial charges | 65 | €1,791 | €1,885 | +€94 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,517 | €6,312 | +€8,830 | |
| Income taxes | 67/77 | - | €1,262 | +€1,262 | |
| Profit (loss) for the period | 9904 | -€2,517 | €5,050 | +€7,567 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,517 | €5,050 | +€7,567 |
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 29 October 2026 via checked.be.