CH.RAWL MANAGEMENT: 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.
CH.RAWL MANAGEMENT
Largest movements
- Cash +€115,669
up €115,669 (+26.0%), from €445,705 to €561,374
mainly Net result for the year (+€170,983) and Depreciation (+€81,577)
- Receivables within one year +€84,217
up €84,217 (+57.5%), from €146,358 to €230,575
of which Trade receivables: +€72,362
- Tangible fixed assets -€81,853
down €81,853 (-11.1%), from €734,549 to €652,696
- Reserves +€170,983
up €170,983 (+37.4%), from €456,860 to €627,843
- Debts after one year -€43,333
down €43,333 (-10.1%), from €428,479 to €385,146
- Trade debts -€39,229
down €39,229 (-44.3%), from €88,573 to €49,344
- Accrued charges and deferred income +€26,294
up €26,294 (+52.9%), from €49,661 to €75,955
- Other debts -€23,206
down €23,206 (-12.8%), from €181,840 to €158,634
- Gross operating margin +€161,009
up €161,009 (+47.9%), from €336,454 to €497,463
- Taxes +€44,104
up €44,104 (+110%), from €40,055 to €84,160
- Staff costs +€32,900
up €32,900 (+30.0%), from €109,600 to €142,501
- Financial income +€12,424
up €12,424 (+496,954%), from €3 to €12,426
- Financial charges +€6,000
up €6,000 (+29.9%), from €20,085 to €26,084
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 | €1,337,754 | €1,449,682 | +€111,928 | +8.4% |
| Fixed assets | 21/28 | €734,549 | €652,696 | -€81,853 | -11.1% |
| Tangible fixed assets | 22/27 | €734,549 | €652,696 | -€81,853 | -11.1% |
| Land and buildings | 22 | €598,041 | €558,847 | -€39,194 | -6.6% |
| Plant, machinery and equipment | 23 | €5,361 | €2,925 | -€2,436 | -45.4% |
| Furniture and vehicles | 24 | €131,146 | €90,923 | -€40,223 | -30.7% |
| Current assets | 29/58 | €603,205 | €796,986 | +€193,781 | +32.1% |
| Amounts receivable within one year | 40/41 | €146,358 | €230,575 | +€84,217 | +57.5% |
| Trade receivables | 40 | €146,201 | €218,563 | +€72,362 | +49.5% |
| Other amounts receivable | 41 | €157 | €12,012 | +€11,855 | +7,534% |
| Cash at bank and in hand | 54/58 | €445,705 | €561,374 | +€115,669 | +26.0% |
| Deferred charges and accrued income | 490/1 | €11,142 | €5,037 | -€6,105 | -54.8% |
| Total equity and liabilities | 10/49 | €1,337,754 | €1,449,682 | +€111,928 | +8.4% |
| Equity | 10/15 | €478,568 | €649,551 | +€170,983 | +35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,860 | €627,843 | +€170,983 | +37.4% |
| Distributable reserves | 133 | €456,860 | €627,843 | +€170,983 | +37.4% |
| Profit (loss) carried forward | 14 | €3,108 | €3,108 | = | 0.0% |
| Amounts payable | 17/49 | €859,186 | €800,131 | -€59,055 | -6.9% |
| Amounts payable after more than one year | 17 | €428,479 | €385,146 | -€43,333 | -10.1% |
| Financial debts | 170/4 | €428,479 | €385,146 | -€43,333 | -10.1% |
| Amounts payable within one year | 42/48 | €381,046 | €339,029 | -€42,016 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €44,769 | €44,559 | -€210 | -0.5% |
| Trade debts | 44 | €88,573 | €49,344 | -€39,229 | -44.3% |
| Suppliers | 440/4 | €88,573 | €49,344 | -€39,229 | -44.3% |
| Taxes, remuneration and social security | 45 | €65,864 | €86,493 | +€20,629 | +31.3% |
| Taxes | 450/3 | €49,265 | €62,975 | +€13,711 | +27.8% |
| Remuneration and social security | 454/9 | €16,600 | €23,518 | +€6,918 | +41.7% |
| Other amounts payable | 47/48 | €181,840 | €158,634 | -€23,206 | -12.8% |
| Accrued charges and deferred income | 492/3 | €49,661 | €75,955 | +€26,294 | +52.9% |
| Remuneration, social security and pensions | 62 | €109,600 | €142,501 | +€32,900 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,276 | €81,577 | -€2,699 | -3.2% |
| Other operating charges | 640/8 | €5,228 | €4,585 | -€643 | -12.3% |
| Non-recurring operating charges | 66A | €209 | - | -€209 | |
| Gross operating margin | 9900 | €336,454 | €497,463 | +€161,009 | +47.9% |
| Operating profit (loss) | 9901 | €137,141 | €268,801 | +€131,660 | +96.0% |
| Financial income | 75/76B | €3 | €12,426 | +€12,424 | +496,954% |
| Recurring financial income | 75 | €3 | €12,426 | +€12,424 | +496,954% |
| Financial charges | 65/66B | €20,085 | €26,084 | +€6,000 | +29.9% |
| Recurring financial charges | 65 | €20,085 | €26,084 | +€6,000 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €117,058 | €255,143 | +€138,084 | +118% |
| Income taxes | 67/77 | €40,055 | €84,160 | +€44,104 | +110% |
| Profit (loss) for the period | 9904 | €77,003 | €170,983 | +€93,980 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €77,003 | €170,983 | +€93,980 | +122% |
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 31 October 2026 via checked.be.