DE RAADKAMER: 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.
DE RAADKAMER
Largest movements
- Receivables within one year +€135,926
up €135,926 (+327%), from €41,549 to €177,475
of which Trade receivables: +€110,018
- Profit (loss) carried forward +€255,029
up €255,029, from -€251,650 to €3,379
- Debts after one year -€186,154
down €186,154 (-100%), from €186,154 to €0
- Tax, wage and social debts +€49,702
up €49,702 (+1,532%), from €3,244 to €52,946
- Other debts +€19,129
up €19,129 (+36.0%), from €53,080 to €72,209
- Gross operating margin +€260,192
up €260,192, from -€4,040 to €256,152
- Financial charges -€3,037
down €3,037 (-93.5%), from €3,247 to €210
of which Financial charges: -€3,037
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 | €41,664 | €177,829 | +€136,166 | +327% |
| Fixed assets | 21/28 | €26 | €0 | -€26 | -100% |
| Tangible fixed assets | 22/27 | €26 | €0 | -€26 | -100% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €41,637 | €177,829 | +€136,192 | +327% |
| Amounts receivable within one year | 40/41 | €41,549 | €177,475 | +€135,926 | +327% |
| Trade receivables | 40 | €14,582 | €124,600 | +€110,018 | +754% |
| Other amounts receivable | 41 | €26,967 | €52,875 | +€25,908 | +96.1% |
| Cash at bank and in hand | 54/58 | €88 | €355 | +€266 | +301% |
| Total equity and liabilities | 10/49 | €41,664 | €177,829 | +€136,166 | +327% |
| Equity | 10/15 | -€216,657 | €38,372 | +€255,029 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,393 | €16,393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,533 | €14,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€251,650 | €3,379 | +€255,029 | |
| Amounts payable | 17/49 | €258,321 | €139,457 | -€118,863 | -46.0% |
| Amounts payable after more than one year | 17 | €186,154 | €0 | -€186,154 | -100% |
| Financial debts | 170/4 | €186,154 | €0 | -€186,154 | -100% |
| Amounts payable within one year | 42/48 | €72,167 | €139,457 | +€67,291 | +93.2% |
| Trade debts | 44 | €15,843 | €14,302 | -€1,541 | -9.7% |
| Suppliers | 440/4 | €15,843 | €14,302 | -€1,541 | -9.7% |
| Taxes, remuneration and social security | 45 | €3,244 | €52,946 | +€49,702 | +1,532% |
| Taxes | 450/3 | €3,244 | €52,946 | +€49,702 | +1,532% |
| Other amounts payable | 47/48 | €53,080 | €72,209 | +€19,129 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €26 | -€626 | -96.0% |
| Other operating charges | 640/8 | €0 | €887 | +€887 | |
| Gross operating margin | 9900 | -€4,040 | €256,152 | +€260,192 | |
| Operating profit (loss) | 9901 | -€4,693 | €255,239 | +€259,931 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €3,247 | €210 | -€3,037 | -93.5% |
| Recurring financial charges | 65 | €3,247 | €210 | -€3,037 | -93.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€7,935 | €255,029 | +€262,964 | |
| Income taxes | 67/77 | -€33 | €0 | +€33 | |
| Profit (loss) for the period | 9904 | -€7,902 | €255,029 | +€262,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,902 | €255,029 | +€262,930 |
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 24 October 2026 via checked.be.