DE RAEDT CONSULT: 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 CONSULT
Largest movements
- Cash +€56,186
up €56,186 (+159%), from €35,377 to €91,563
mainly Net result for the year (+€49,587) and Tax, wage and social debts (+€22,111)
- Receivables within one year +€11,910
up €11,910 (+103%), from €11,520 to €23,430
- Deferred charges and accrued income +€1,302
up €1,302 (+57.8%), from €2,251 to €3,553
- Reserves +€49,587
up €49,587 (+348%), from €14,253 to €63,840
- Tax, wage and social debts +€22,111
up €22,111 (+251%), from €8,822 to €30,933
of which Taxes: +€20,536
- Trade debts -€4,028
down €4,028 (-73.1%), from €5,513 to €1,485
- Gross operating margin +€53,882
up €53,882 (+251%), from €21,492 to €75,374
- Taxes +€15,436
up €15,436 (+414%), from €3,729 to €19,165
- Write-downs +€3,960
new in 2025: €3,960
- Depreciation -€2,908
no longer reported in 2025 (was €2,908)
- Financial charges +€1,931
up €1,931 (+429%), from €450 to €2,382
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 | €49,148 | €118,546 | +€69,398 | +141% |
| Current assets | 29/58 | €49,148 | €118,546 | +€69,398 | +141% |
| Amounts receivable within one year | 40/41 | €11,520 | €23,430 | +€11,910 | +103% |
| Trade receivables | 40 | €11,520 | €23,430 | +€11,910 | +103% |
| Cash at bank and in hand | 54/58 | €35,377 | €91,563 | +€56,186 | +159% |
| Deferred charges and accrued income | 490/1 | €2,251 | €3,553 | +€1,302 | +57.8% |
| Total equity and liabilities | 10/49 | €49,148 | €118,546 | +€69,398 | +141% |
| Equity | 10/15 | €19,253 | €68,840 | +€49,587 | +258% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,253 | €63,840 | +€49,587 | +348% |
| Distributable reserves | 133 | €14,253 | €63,840 | +€49,587 | +348% |
| Amounts payable | 17/49 | €29,895 | €49,706 | +€19,811 | +66.3% |
| Amounts payable within one year | 42/48 | €29,560 | €48,503 | +€18,944 | +64.1% |
| Trade debts | 44 | €5,513 | €1,485 | -€4,028 | -73.1% |
| Suppliers | 440/4 | €5,513 | €1,485 | -€4,028 | -73.1% |
| Taxes, remuneration and social security | 45 | €8,822 | €30,933 | +€22,111 | +251% |
| Taxes | 450/3 | €8,822 | €29,358 | +€20,536 | +233% |
| Remuneration and social security | 454/9 | - | €1,575 | +€1,575 | |
| Other amounts payable | 47/48 | €15,224 | €16,085 | +€861 | +5.7% |
| Accrued charges and deferred income | 492/3 | €336 | €1,203 | +€867 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,908 | - | -€2,908 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,960 | +€3,960 | |
| Other operating charges | 640/8 | €151 | €280 | +€128 | +84.7% |
| Gross operating margin | 9900 | €21,492 | €75,374 | +€53,882 | +251% |
| Operating profit (loss) | 9901 | €18,432 | €71,134 | +€52,702 | +286% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €450 | €2,382 | +€1,931 | +429% |
| Recurring financial charges | 65 | €450 | €2,382 | +€1,931 | +429% |
| Profit (loss) for the period before taxes | 9903 | €17,982 | €68,752 | +€50,770 | +282% |
| Income taxes | 67/77 | €3,729 | €19,165 | +€15,436 | +414% |
| Profit (loss) for the period | 9904 | €14,253 | €49,587 | +€35,334 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €14,253 | €49,587 | +€35,334 | +248% |
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 20 October 2026 via checked.be.