DE RAETBEHEER: 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 RAETBEHEER
Largest movements
- Receivables after one year +€213,000
up €213,000 (+79.6%), from €267,651 to €480,651
- Receivables within one year -€161,498
down €161,498 (-81.8%), from €197,536 to €36,038
- Tangible fixed assets -€141,407
down €141,407 (-5.8%), from €2.4m to €2.3m
of which Land and buildings: -€140,287
- Cash +€71,742
up €71,742 (+1,455%), from €4,932 to €76,673
mainly Receivables within one year (+€161,498) and Depreciation (+€147,473)
- Debts after one year -€143,336
down €143,336 (-6.5%), from €2.2m to €2.1m
- Reserves +€95,912
up €95,912 (+29.5%), from €325,228 to €421,140
No income-statement line moved by more than 1% of the activity.
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 | €2,897,773 | €2,879,610 | -€18,164 | -0.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,427,655 | €2,286,248 | -€141,407 | -5.8% |
| Tangible fixed assets | 22/27 | €2,427,655 | €2,286,248 | -€141,407 | -5.8% |
| Land and buildings | 22 | €2,410,194 | €2,269,907 | -€140,287 | -5.8% |
| Furniture and vehicles | 24 | €17,460 | €16,341 | -€1,120 | -6.4% |
| Current assets | 29/58 | €470,119 | €593,362 | +€123,243 | +26.2% |
| Amounts receivable after more than one year | 29 | €267,651 | €480,651 | +€213,000 | +79.6% |
| Other amounts receivable | 291 | €267,651 | €480,651 | +€213,000 | +79.6% |
| Amounts receivable within one year | 40/41 | €197,536 | €36,038 | -€161,498 | -81.8% |
| Trade receivables | 40 | €197,536 | €36,038 | -€161,498 | -81.8% |
| Cash at bank and in hand | 54/58 | €4,932 | €76,673 | +€71,742 | +1,455% |
| Total equity and liabilities | 10/49 | €2,897,773 | €2,879,610 | -€18,164 | -0.6% |
| Equity | 10/15 | €467,804 | €563,716 | +€95,912 | +20.5% |
| Contributions | 10/11 | €142,576 | €142,576 | = | 0.0% |
| Reserves | 13 | €325,228 | €421,140 | +€95,912 | +29.5% |
| Distributable reserves | 133 | €325,228 | €421,140 | +€95,912 | +29.5% |
| Amounts payable | 17/49 | €2,429,970 | €2,315,894 | -€114,076 | -4.7% |
| Amounts payable after more than one year | 17 | €2,221,300 | €2,077,964 | -€143,336 | -6.5% |
| Financial debts | 170/4 | €2,221,300 | €2,077,964 | -€143,336 | -6.5% |
| Amounts payable within one year | 42/48 | €207,570 | €235,347 | +€27,777 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €141,941 | €143,336 | +€1,395 | +1.0% |
| Financial debts | 43 | €5,000 | €5,098 | +€98 | +2.0% |
| Credit institutions | 430/8 | €5,000 | €5,098 | +€98 | +2.0% |
| Trade debts | 44 | €6,131 | €9,027 | +€2,896 | +47.2% |
| Suppliers | 440/4 | €6,131 | €9,027 | +€2,896 | +47.2% |
| Taxes, remuneration and social security | 45 | €52,755 | €76,048 | +€23,293 | +44.2% |
| Taxes | 450/3 | €52,755 | €76,048 | +€23,293 | +44.2% |
| Other amounts payable | 47/48 | €1,743 | €1,837 | +€95 | +5.4% |
| Accrued charges and deferred income | 492/3 | €1,100 | €2,584 | +€1,484 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,390 | €147,473 | +€83 | +0.1% |
| Other operating charges | 640/8 | €37,134 | €38,297 | +€1,163 | +3.1% |
| Gross operating margin | 9900 | €354,735 | €351,242 | -€3,492 | -1.0% |
| Operating profit (loss) | 9901 | €170,212 | €165,473 | -€4,739 | -2.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €25,281 | €24,024 | -€1,258 | -5.0% |
| Recurring financial charges | 65 | €25,281 | €24,024 | -€1,258 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €144,934 | €141,449 | -€3,484 | -2.4% |
| Income taxes | 67/77 | €46,898 | €45,537 | -€1,361 | -2.9% |
| Profit (loss) for the period | 9904 | €98,036 | €95,912 | -€2,124 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,036 | €95,912 | -€2,124 | -2.2% |
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.