DE RAEDT B & M: what changed
What changed
DE RAEDT B & M
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€4,162
2024 · €5,331-€1,169
Equity
€354,731
2024 · €350,569+€4,162
Cash
€142,226
2024 · €29,950+€112,276
Balance sheet total
€2.4m
2024 · €2.6m-€235,783
Largest movements
Assets
- Tangible fixed assets -€215,350
down €215,350 (-13.2%), from €1.6m to €1.4m
- Cash +€112,276
up €112,276 (+375%), from €29,950 to €142,226
mainly Investment in fixed assets (net) (+€122,002) and Depreciation (+€101,348)
- Stocks and contracts -€75,940
down €75,940 (-18.5%), from €411,305 to €335,365
of which Stocks: -€45,940
- Receivables within one year -€48,069
down €48,069 (-10.9%), from €439,406 to €391,338
of which Trade receivables: -€46,722
Equity and liabilities
- Debts after one year -€155,904
down €155,904 (-9.7%), from €1.6m to €1.4m
- Trade debts -€41,464
down €41,464 (-19.6%), from €211,084 to €169,620
- Short-term financial debts -€39,115
down €39,115 (-18.9%), from €206,461 to €167,346
- Other debts -€31,801
down €31,801 (-80.3%), from €39,619 to €7,817
Income statement
- Gross operating margin -€217,666
down €217,666 (-43.4%), from €501,747 to €284,082
- Staff costs -€140,627
down €140,627 (-58.1%), from €242,245 to €101,618
- Depreciation -€70,649
down €70,649 (-41.1%), from €171,997 to €101,348
- Financial charges -€6,729
down €6,729 (-10.7%), from €62,952 to €56,223
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,331
Gross operating margin
-€217,666
Staff costs
+€140,627
Depreciation
+€70,649
Other operating charges
-€339
Financial income
-€58
Financial charges
+€6,729
Taxes
-€1,110
Result 2025
€4,162
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€162,988
Investment
+€122,002
Financing
-€172,715
Cash 2024
€29,950
From operations (derived)
+€162,988
Net result for the year
+€4,162
Depreciation
+€101,348
Stocks and contracts
+€75,940
Receivables within one year
+€48,069
Deferred charges and accrued income
+€700
Trade debts
-€41,464
Tax, wage and social debts
-€6,002
Advances received
+€12,037
Other debts
-€31,801
Investment (derived)
+€122,002
Investment in fixed assets (net)
+€122,002
Financing
-€172,715
Debts after one year
-€155,904
Current portion of long-term debt
+€22,305
Short-term financial debts
-€39,115
Cash 2025
€142,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,588,090 | €2,352,307 | -€235,783 | -9.1% |
| Fixed assets | 21/28 | €1,697,179 | €1,473,828 | -€223,350 | -13.2% |
| Intangible fixed assets | 21 | €63,681 | €55,681 | -€8,000 | -12.6% |
| Tangible fixed assets | 22/27 | €1,633,498 | €1,418,148 | -€215,350 | -13.2% |
| Land and buildings | 22 | €1,373,218 | €1,344,758 | -€28,461 | -2.1% |
| Plant, machinery and equipment | 23 | €142,239 | €47,760 | -€94,479 | -66.4% |
| Furniture and vehicles | 24 | €118,040 | €25,630 | -€92,410 | -78.3% |
| Current assets | 29/58 | €890,912 | €878,479 | -€12,433 | -1.4% |
| Stocks and contracts in progress | 3 | €411,305 | €335,365 | -€75,940 | -18.5% |
| Stocks | 30/36 | €381,305 | €335,365 | -€45,940 | -12.0% |
| Contracts in progress | 37 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €439,406 | €391,338 | -€48,069 | -10.9% |
| Trade receivables | 40 | €434,220 | €387,498 | -€46,722 | -10.8% |
| Other amounts receivable | 41 | €5,186 | €3,840 | -€1,346 | -26.0% |
| Cash at bank and in hand | 54/58 | €29,950 | €142,226 | +€112,276 | +375% |
| Deferred charges and accrued income | 490/1 | €10,250 | €9,550 | -€700 | -6.8% |
| Total equity and liabilities | 10/49 | €2,588,090 | €2,352,307 | -€235,783 | -9.1% |
| Equity | 10/15 | €350,569 | €354,731 | +€4,162 | +1.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €225,569 | €229,731 | +€4,162 | +1.8% |
| Tax-exempt reserves | 132 | €4,104 | €4,104 | = | 0.0% |
| Distributable reserves | 133 | €221,466 | €225,627 | +€4,162 | +1.9% |
| Amounts payable | 17/49 | €2,237,521 | €1,997,576 | -€239,945 | -10.7% |
| Amounts payable after more than one year | 17 | €1,600,111 | €1,444,207 | -€155,904 | -9.7% |
| Financial debts | 170/4 | €1,600,111 | €1,444,207 | -€155,904 | -9.7% |
| Amounts payable within one year | 42/48 | €637,410 | €553,369 | -€84,040 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €123,337 | €145,642 | +€22,305 | +18.1% |
| Financial debts | 43 | €206,461 | €167,346 | -€39,115 | -18.9% |
| Credit institutions | 430/8 | €206,461 | €167,346 | -€39,115 | -18.9% |
| Trade debts | 44 | €211,084 | €169,620 | -€41,464 | -19.6% |
| Suppliers | 440/4 | €211,084 | €169,620 | -€41,464 | -19.6% |
| Advances received on contracts in progress | 46 | €44,538 | €56,575 | +€12,037 | +27.0% |
| Taxes, remuneration and social security | 45 | €12,371 | €6,369 | -€6,002 | -48.5% |
| Taxes | 450/3 | €667 | €2,850 | +€2,182 | +327% |
| Remuneration and social security | 454/9 | €11,704 | €3,519 | -€8,184 | -69.9% |
| Other amounts payable | 47/48 | €39,619 | €7,817 | -€31,801 | -80.3% |
| Non-recurring operating income | 76A | €117,233 | €48,010 | -€69,223 | -59.0% |
| Remuneration, social security and pensions | 62 | €242,245 | €101,618 | -€140,627 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,997 | €101,348 | -€70,649 | -41.1% |
| Other operating charges | 640/8 | €18,807 | €19,146 | +€339 | +1.8% |
| Gross operating margin | 9900 | €501,747 | €284,082 | -€217,666 | -43.4% |
| Operating profit (loss) | 9901 | €68,698 | €61,969 | -€6,729 | -9.8% |
| Financial income | 75/76B | €251 | €193 | -€58 | -23.2% |
| Recurring financial income | 75 | €251 | €193 | -€58 | -23.2% |
| Financial charges | 65/66B | €62,952 | €56,223 | -€6,729 | -10.7% |
| Recurring financial charges | 65 | €62,952 | €56,223 | -€6,729 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €5,998 | €5,939 | -€59 | -1.0% |
| Income taxes | 67/77 | €667 | €1,777 | +€1,110 | +166% |
| Profit (loss) for the period | 9904 | €5,331 | €4,162 | -€1,169 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,331 | €4,162 | -€1,169 | -21.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.