De Raeve creaties: what changed
What changed
De Raeve creaties
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€56,223
2024 · €8,032+€48,191
Equity
€111,022
2024 · €55,725+€55,297
Cash
€8,463
2024 · €498+€7,965
Balance sheet total
€409,434
2024 · €371,217+€38,217
Largest movements
Assets
- Tangible fixed assets +€25,239
up €25,239 (+8.1%), from €313,520 to €338,759
of which Plant, machinery and equipment: +€19,863
- Cash +€7,965
up €7,965 (+1,600%), from €498 to €8,463
mainly Net result for the year (+€56,223) and Depreciation (+€24,830)
- Receivables within one year +€5,153
up €5,153 (+14.5%), from €35,448 to €40,600
of which Trade receivables: +€3,951
Equity and liabilities
- Reserves +€56,223
up €56,223 (+110%), from €51,204 to €107,427
- Debts after one year -€10,581
down €10,581 (-5.7%), from €186,015 to €175,434
- Trade debts -€6,284
down €6,284 (-34.7%), from €18,095 to €11,810
- Current portion of long-term debt +€4,571
up €4,571 (+19.0%), from €24,010 to €28,581
Income statement
- Gross operating margin +€70,222
up €70,222 (+152%), from €46,276 to €116,498
- Taxes +€22,929
up €22,929 (+1,061%), from €2,162 to €25,091
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
€8,032
Gross operating margin
+€70,222
Depreciation
+€475
Other operating charges
+€289
Financial income
+€19
Financial charges
+€115
Taxes
-€22,929
Result 2025
€56,223
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
+€64,870
Investment
-€49,969
Financing
-€6,936
Cash 2024
€498
From operations (derived)
+€64,870
Net result for the year
+€56,223
Depreciation
+€24,830
Stocks and contracts
+€787
Receivables within one year
-€5,153
Deferred charges and accrued income
-€747
Trade debts
-€6,284
Tax, wage and social debts
-€3,969
Other debts
-€928
Accrued charges and deferred income
+€111
Investment (derived)
-€49,969
Investment in fixed assets (net)
-€49,969
Financing
-€6,936
Debts after one year
-€10,581
Current portion of long-term debt
+€4,571
Contributions, distributions and other
-€926
Cash 2025
€8,463
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,217 | €409,434 | +€38,217 | +10.3% |
| Fixed assets | 21/28 | €314,095 | €339,234 | +€25,139 | +8.0% |
| Intangible fixed assets | 21 | €575 | €475 | -€100 | -17.4% |
| Tangible fixed assets | 22/27 | €313,520 | €338,759 | +€25,239 | +8.1% |
| Land and buildings | 22 | €235,397 | €239,949 | +€4,552 | +1.9% |
| Plant, machinery and equipment | 23 | €75,335 | €95,198 | +€19,863 | +26.4% |
| Furniture and vehicles | 24 | €2,788 | €3,613 | +€824 | +29.6% |
| Current assets | 29/58 | €57,122 | €70,200 | +€13,078 | +22.9% |
| Stocks and contracts in progress | 3 | €16,705 | €15,918 | -€787 | -4.7% |
| Stocks | 30/36 | €16,705 | €15,918 | -€787 | -4.7% |
| Amounts receivable within one year | 40/41 | €35,448 | €40,600 | +€5,153 | +14.5% |
| Trade receivables | 40 | €30,261 | €34,211 | +€3,951 | +13.1% |
| Other amounts receivable | 41 | €5,187 | €6,389 | +€1,202 | +23.2% |
| Cash at bank and in hand | 54/58 | €498 | €8,463 | +€7,965 | +1,600% |
| Deferred charges and accrued income | 490/1 | €4,472 | €5,219 | +€747 | +16.7% |
| Total equity and liabilities | 10/49 | €371,217 | €409,434 | +€38,217 | +10.3% |
| Equity | 10/15 | €55,725 | €111,022 | +€55,297 | +99.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,204 | €107,427 | +€56,223 | +110% |
| Distributable reserves | 133 | €51,204 | €107,427 | +€56,223 | +110% |
| Profit (loss) carried forward | 14 | €1,520 | €595 | -€926 | -60.9% |
| Amounts payable | 17/49 | €315,492 | €298,412 | -€17,080 | -5.4% |
| Amounts payable after more than one year | 17 | €186,015 | €175,434 | -€10,581 | -5.7% |
| Financial debts | 170/4 | €186,015 | €175,434 | -€10,581 | -5.7% |
| Amounts payable within one year | 42/48 | €124,658 | €118,049 | -€6,609 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €24,010 | €28,581 | +€4,571 | +19.0% |
| Trade debts | 44 | €18,095 | €11,810 | -€6,284 | -34.7% |
| Suppliers | 440/4 | €18,095 | €11,810 | -€6,284 | -34.7% |
| Taxes, remuneration and social security | 45 | €12,349 | €8,380 | -€3,969 | -32.1% |
| Taxes | 450/3 | €2,927 | €4,250 | +€1,323 | +45.2% |
| Remuneration and social security | 454/9 | €9,422 | €4,130 | -€5,292 | -56.2% |
| Other amounts payable | 47/48 | €70,204 | €69,277 | -€928 | -1.3% |
| Accrued charges and deferred income | 492/3 | €4,819 | €4,930 | +€111 | +2.3% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,305 | €24,830 | -€475 | -1.9% |
| Other operating charges | 640/8 | €1,593 | €1,304 | -€289 | -18.1% |
| Gross operating margin | 9900 | €46,276 | €116,498 | +€70,222 | +152% |
| Operating profit (loss) | 9901 | €19,379 | €90,364 | +€70,985 | +366% |
| Financial income | 75/76B | €9 | €29 | +€19 | +211% |
| Recurring financial income | 75 | €9 | €29 | +€19 | +211% |
| Financial charges | 65/66B | €9,195 | €9,080 | -€115 | -1.3% |
| Recurring financial charges | 65 | €9,195 | €9,080 | -€115 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €10,194 | €81,313 | +€71,120 | +698% |
| Income taxes | 67/77 | €2,162 | €25,091 | +€22,929 | +1,061% |
| Profit (loss) for the period | 9904 | €8,032 | €56,223 | +€48,191 | +600% |
| Profit (loss) for the period to be appropriated | 9905 | €8,032 | €56,223 | +€48,191 | +600% |
Next steps
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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.