De Raes Chris: what changed
De Raes Chris
Largest movements
- Receivables within one year -€10,521
down €10,521 (-76.8%), from €13,691 to €3,171
of which Trade receivables: -€10,530
- Tangible fixed assets -€8,922
down €8,922 (-3.9%), from €228,833 to €219,911
of which Land and buildings: -€6,888
- Debts after one year -€25,110
down €25,110 (-20.5%), from €122,235 to €97,125
- Reserves +€7,621
up €7,621 (+17.1%), from €44,541 to €52,161
of which Distributable reserves: +€7,621
- Tax, wage and social debts -€4,856
down €4,856 (-23.8%), from €20,428 to €15,572
- Trade debts +€2,621
up €2,621 (+401%), from €654 to €3,275
- Depreciation -€7,118
down €7,118 (-44.4%), from €16,040 to €8,922
- Gross operating margin -€2,932
down €2,932 (-6.2%), from €47,016 to €44,085
- Taxes +€654
up €654 (+6.6%), from €9,848 to €10,502
- Financial charges -€530
down €530 (-10.3%), from €5,158 to €4,628
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,062 | €233,865 | -€19,197 | -7.6% |
| Fixed assets | 21/28 | €228,833 | €219,911 | -€8,922 | -3.9% |
| Tangible fixed assets | 22/27 | €228,833 | €219,911 | -€8,922 | -3.9% |
| Land and buildings | 22 | €226,799 | €219,911 | -€6,888 | -3.0% |
| Furniture and vehicles | 24 | €2,034 | - | -€2,034 | |
| Current assets | 29/58 | €24,229 | €13,954 | -€10,275 | -42.4% |
| Amounts receivable within one year | 40/41 | €13,691 | €3,171 | -€10,521 | -76.8% |
| Trade receivables | 40 | €13,691 | €3,162 | -€10,530 | -76.9% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €9,486 | €9,772 | +€286 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,052 | €1,012 | -€40 | -3.8% |
| Total equity and liabilities | 10/49 | €253,062 | €233,865 | -€19,197 | -7.6% |
| Equity | 10/15 | €50,741 | €58,361 | +€7,621 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,541 | €52,161 | +€7,621 | +17.1% |
| Non-distributable reserves | 130/1 | €202 | €202 | = | 0.0% |
| Reserves not available under the articles | 1311 | €202 | €202 | = | 0.0% |
| Distributable reserves | 133 | €44,339 | €51,960 | +€7,621 | +17.2% |
| Amounts payable | 17/49 | €202,321 | €175,504 | -€26,817 | -13.3% |
| Amounts payable after more than one year | 17 | €122,235 | €97,125 | -€25,110 | -20.5% |
| Financial debts | 170/4 | €122,235 | €97,125 | -€25,110 | -20.5% |
| Amounts payable within one year | 42/48 | €80,086 | €78,379 | -€1,707 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,823 | €16,110 | +€287 | +1.8% |
| Trade debts | 44 | €654 | €3,275 | +€2,621 | +401% |
| Suppliers | 440/4 | €654 | €3,275 | +€2,621 | +401% |
| Taxes, remuneration and social security | 45 | €20,428 | €15,572 | -€4,856 | -23.8% |
| Taxes | 450/3 | €20,428 | €15,572 | -€4,856 | -23.8% |
| Other amounts payable | 47/48 | €43,181 | €43,422 | +€242 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,040 | €8,922 | -€7,118 | -44.4% |
| Other operating charges | 640/8 | €2,609 | €2,905 | +€296 | +11.3% |
| Gross operating margin | 9900 | €47,016 | €44,085 | -€2,932 | -6.2% |
| Operating profit (loss) | 9901 | €28,367 | €32,257 | +€3,891 | +13.7% |
| Financial income | 75/76B | €116 | €4 | -€112 | -96.7% |
| Recurring financial income | 75 | €116 | €4 | -€112 | -96.7% |
| Financial charges | 65/66B | €5,158 | €4,628 | -€530 | -10.3% |
| Recurring financial charges | 65 | €5,158 | €4,628 | -€530 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €23,324 | €27,633 | +€4,309 | +18.5% |
| Income taxes | 67/77 | €9,848 | €10,502 | +€654 | +6.6% |
| Profit (loss) for the period | 9904 | €13,477 | €17,131 | +€3,655 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,477 | €17,131 | +€3,655 | +27.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.