DE RAEDT: 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 RAEDT
Largest movements
- Tangible fixed assets -€27,585
down €27,585 (-6.8%), from €404,133 to €376,548
of which Land and buildings: -€15,405
- Current investments +€10,414
up €10,414 (+129.1%), from €8,065 to €18,479
- Other debts -€17,505
down €17,505 (-5.0%), from €350,563 to €333,058
- Trade debts -€8,912
down €8,912 (-59.4%), from €15,006 to €6,094
- Profit (loss) carried forward +€5,309
up €5,309 (+20.1%), from €26,431 to €31,740
- Financial income -€14,256
no longer reported in 2025 (was €14,256)
of which Financial income: -€14,256
- Depreciation -€8,348
down €8,348 (-23.2%), from €36,055 to €27,707
- Gross operating margin +€1,505
up €1,505 (+4.2%), from €35,661 to €37,166
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,456 | €400,212 | -€21,244 | -5.0% |
| Fixed assets | 21/28 | €404,133 | €376,548 | -€27,585 | -6.8% |
| Tangible fixed assets | 22/27 | €404,133 | €376,548 | -€27,585 | -6.8% |
| Land and buildings | 22 | €331,896 | €316,491 | -€15,405 | -4.6% |
| Plant, machinery and equipment | 23 | €6,103 | €4,441 | -€1,662 | -27.2% |
| Furniture and vehicles | 24 | €66,134 | €55,616 | -€10,518 | -15.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €17,323 | €23,664 | +€6,341 | +36.6% |
| Stocks and contracts in progress | 3 | €2,974 | €2,974 | = | 0.0% |
| Stocks | 30/36 | €2,974 | €2,974 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,284 | €2,211 | -€4,073 | -64.8% |
| Trade receivables | 40 | €4,153 | €1,000 | -€3,153 | -75.9% |
| Other amounts receivable | 41 | €2,131 | €1,211 | -€920 | -43.2% |
| Current investments | 50/53 | €8,065 | €18,479 | +€10,414 | +129.1% |
| Total equity and liabilities | 10/49 | €421,456 | €400,212 | -€21,244 | -5.0% |
| Equity | 10/15 | €40,181 | €45,490 | +€5,309 | +13.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,431 | €31,740 | +€5,309 | +20.1% |
| Provisions and deferred taxes | 16 | €14,450 | €14,450 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €14,450 | €14,450 | = | 0.0% |
| Environmental obligations | 163 | €14,450 | €14,450 | = | 0.0% |
| Amounts payable | 17/49 | €366,825 | €340,272 | -€26,553 | -7.2% |
| Amounts payable within one year | 42/48 | €366,825 | €340,272 | -€26,553 | -7.2% |
| Trade debts | 44 | €15,006 | €6,094 | -€8,912 | -59.4% |
| Suppliers | 440/4 | €15,006 | €6,094 | -€8,912 | -59.4% |
| Taxes, remuneration and social security | 45 | €1,256 | €1,120 | -€136 | -10.8% |
| Taxes | 450/3 | €1,256 | €1,120 | -€136 | -10.8% |
| Other amounts payable | 47/48 | €350,563 | €333,058 | -€17,505 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,055 | €27,707 | -€8,348 | -23.2% |
| Other operating charges | 640/8 | €3,296 | €3,432 | +€136 | +4.1% |
| Gross operating margin | 9900 | €35,661 | €37,166 | +€1,505 | +4.2% |
| Operating profit (loss) | 9901 | -€3,690 | €6,027 | +€9,717 | |
| Financial income | 75/76B | €14,256 | - | -€14,256 | |
| Recurring financial income | 75 | €14,256 | - | -€14,256 | |
| Non-recurring financial income | 76B | €14,256 | - | -€14,256 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,524 | €5,985 | -€4,539 | -43.1% |
| Income taxes | 67/77 | €849 | €677 | -€172 | -20.3% |
| Profit (loss) for the period | 9904 | €9,675 | €5,308 | -€4,367 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,675 | €5,308 | -€4,367 | -45.1% |
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 10 October 2026 via checked.be.