DE RAS UITVAARTEN: 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 RAS UITVAARTEN
Largest movements
- Tangible fixed assets -€147,015
down €147,015 (-46.1%), from €319,015 to €172,000
of which Furniture and vehicles: -€135,920
- Receivables within one year +€95,743
up €95,743 (+43.6%), from €219,810 to €315,553
of which Other amounts receivable: +€92,923
- Cash +€25,026
up €25,026 (+25.1%), from €99,657 to €124,682
mainly Investment in fixed assets (net) (+€88,799) and Net result for the year (+€84,140)
- Debts after one year -€46,474
down €46,474 (-56.1%), from €82,791 to €36,317
- Short-term financial debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt -€27,511
down €27,511 (-37.2%), from €73,984 to €46,474
- Trade debts +€18,577
up €18,577 (+26.2%), from €70,843 to €89,420
- Advances received -€10,280
down €10,280 (-11.8%), from €87,140 to €76,860
- Staff costs -€92,192
down €92,192 (-65.4%), from €140,952 to €48,760
- Taxes +€34,706
up €34,706 (+706%), from €4,916 to €39,622
- Depreciation -€16,259
down €16,259 (-21.7%), from €74,888 to €58,629
- Gross operating margin +€11,027
up €11,027 (+4.6%), from €240,708 to €251,734
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 | €683,116 | €653,866 | -€29,250 | -4.3% |
| Fixed assets | 21/28 | €319,428 | €172,000 | -€147,428 | -46.2% |
| Intangible fixed assets | 21 | €413 | €0 | -€413 | -100% |
| Tangible fixed assets | 22/27 | €319,015 | €172,000 | -€147,015 | -46.1% |
| Plant, machinery and equipment | 23 | €846 | €4,025 | +€3,179 | +376% |
| Furniture and vehicles | 24 | €225,899 | €89,980 | -€135,920 | -60.2% |
| Other tangible fixed assets | 26 | €92,270 | €77,995 | -€14,275 | -15.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €363,688 | €481,866 | +€118,178 | +32.5% |
| Stocks and contracts in progress | 3 | €38,155 | €36,915 | -€1,240 | -3.3% |
| Stocks | 30/36 | €38,155 | €36,915 | -€1,240 | -3.3% |
| Amounts receivable within one year | 40/41 | €219,810 | €315,553 | +€95,743 | +43.6% |
| Trade receivables | 40 | €174,488 | €177,309 | +€2,820 | +1.6% |
| Other amounts receivable | 41 | €45,322 | €138,244 | +€92,923 | +205% |
| Cash at bank and in hand | 54/58 | €99,657 | €124,682 | +€25,026 | +25.1% |
| Deferred charges and accrued income | 490/1 | €6,066 | €4,716 | -€1,350 | -22.3% |
| Total equity and liabilities | 10/49 | €683,116 | €653,866 | -€29,250 | -4.3% |
| Equity | 10/15 | €240,631 | €244,771 | +€4,140 | +1.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €134,394 | €134,394 | = | 0.0% |
| Distributable reserves | 133 | €134,394 | €134,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,237 | €60,377 | +€4,140 | +7.4% |
| Amounts payable | 17/49 | €442,485 | €409,095 | -€33,390 | -7.5% |
| Amounts payable after more than one year | 17 | €82,791 | €36,317 | -€46,474 | -56.1% |
| Financial debts | 170/4 | €82,791 | €36,317 | -€46,474 | -56.1% |
| Amounts payable within one year | 42/48 | €359,368 | €372,778 | +€13,410 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €73,984 | €46,474 | -€27,511 | -37.2% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €70,843 | €89,420 | +€18,577 | +26.2% |
| Suppliers | 440/4 | €70,843 | €89,420 | +€18,577 | +26.2% |
| Advances received on contracts in progress | 46 | €87,140 | €76,860 | -€10,280 | -11.8% |
| Taxes, remuneration and social security | 45 | €8,852 | €8,701 | -€151 | -1.7% |
| Taxes | 450/3 | €3,819 | €6,828 | +€3,008 | +78.8% |
| Remuneration and social security | 454/9 | €5,033 | €1,874 | -€3,159 | -62.8% |
| Other amounts payable | 47/48 | €118,549 | €121,322 | +€2,773 | +2.3% |
| Accrued charges and deferred income | 492/3 | €326 | €0 | -€326 | -100% |
| Non-recurring operating income | 76A | €25,663 | €37,110 | +€11,447 | +44.6% |
| Remuneration, social security and pensions | 62 | €140,952 | €48,760 | -€92,192 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,888 | €58,629 | -€16,259 | -21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,666 | €9,436 | -€1,230 | -11.5% |
| Non-recurring operating charges | 66A | €0 | €3,187 | +€3,187 | |
| Gross operating margin | 9900 | €240,708 | €251,734 | +€11,027 | +4.6% |
| Operating profit (loss) | 9901 | €14,202 | €131,722 | +€117,520 | +828% |
| Financial income | 75/76B | €1,423 | €201 | -€1,222 | -85.9% |
| Recurring financial income | 75 | €1,423 | €201 | -€1,222 | -85.9% |
| Financial charges | 65/66B | €7,884 | €8,161 | +€277 | +3.5% |
| Recurring financial charges | 65 | €7,884 | €8,161 | +€277 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €7,741 | €123,762 | +€116,021 | +1,499% |
| Income taxes | 67/77 | €4,916 | €39,622 | +€34,706 | +706% |
| Profit (loss) for the period | 9904 | €2,825 | €84,140 | +€81,315 | +2,878% |
| Profit (loss) for the period to be appropriated | 9905 | €2,825 | €84,140 | +€81,315 | +2,878% |
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 14 October 2026 via checked.be.