Dr. D. Raymakers: what changed
Two fiscal 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.
Dr. D. Raymakers
Largest movements
- Cash -€106,184
down €106,184 (-33.7%), from €314,740 to €208,555
mainly Contributions, distributions and other (-€185,000) and Tax, wage and social debts (-€74,359)
- Receivables within one year +€10,201
up €10,201 (+262.9%), from €3,880 to €14,080
- Tangible fixed assets -€3,562
down €3,562 (-13.4%), from €26,581 to €23,019
of which Furniture and vehicles: -€3,804
- Tax, wage and social debts -€74,359
down €74,359 (-95.4%), from €77,981 to €3,622
of which Taxes: -€74,359
- Other debts -€23,811
down €23,811 (-11.2%), from €213,431 to €189,619
- Profit (loss) carried forward -€21,246
down €21,246 (-100.0%), from €21,246 to €0
- Reserves +€18,132
new in 2025: €18,132
- Depreciation -€9,864
down €9,864 (-52.3%), from €18,851 to €8,987
- Gross operating margin +€3,321
up €3,321 (+1.4%), from €245,362 to €248,683
- Financial income -€3,236
down €3,236 (-78.0%), from €4,150 to €915
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.
Cash bridge derived
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 | €347,698 | €246,363 | -€101,335 | -29.1% |
| Fixed assets | 21/28 | €26,581 | €23,019 | -€3,562 | -13.4% |
| Tangible fixed assets | 22/27 | €26,581 | €23,019 | -€3,562 | -13.4% |
| Land and buildings | 22 | €378 | €172 | -€206 | -54.5% |
| Plant, machinery and equipment | 23 | €54 | €502 | +€448 | +826.2% |
| Furniture and vehicles | 24 | €26,149 | €22,345 | -€3,804 | -14.5% |
| Current assets | 29/58 | €321,117 | €223,344 | -€97,773 | -30.4% |
| Amounts receivable within one year | 40/41 | €3,880 | €14,080 | +€10,201 | +262.9% |
| Other amounts receivable | 41 | €3,880 | €14,080 | +€10,201 | +262.9% |
| Cash at bank and in hand | 54/58 | €314,740 | €208,555 | -€106,184 | -33.7% |
| Deferred charges and accrued income | 490/1 | €2,497 | €708 | -€1,789 | -71.6% |
| Total equity and liabilities | 10/49 | €347,698 | €246,363 | -€101,335 | -29.1% |
| Equity | 10/15 | €46,246 | €43,132 | -€3,113 | -6.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €18,132 | +€18,132 | |
| Distributable reserves | 133 | - | €18,132 | +€18,132 | |
| Profit (loss) carried forward | 14 | €21,246 | €0 | -€21,246 | -100.0% |
| Amounts payable | 17/49 | €301,452 | €203,231 | -€98,221 | -32.6% |
| Amounts payable within one year | 42/48 | €299,478 | €202,465 | -€97,013 | -32.4% |
| Trade debts | 44 | €8,066 | €9,223 | +€1,157 | +14.3% |
| Suppliers | 440/4 | €8,066 | €9,223 | +€1,157 | +14.3% |
| Taxes, remuneration and social security | 45 | €77,981 | €3,622 | -€74,359 | -95.4% |
| Taxes | 450/3 | €77,981 | €3,622 | -€74,359 | -95.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €213,431 | €189,619 | -€23,811 | -11.2% |
| Accrued charges and deferred income | 492/3 | €1,974 | €766 | -€1,208 | -61.2% |
| Non-recurring operating income | 76A | - | €1,296 | +€1,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,851 | €8,987 | -€9,864 | -52.3% |
| Other operating charges | 640/8 | €2,102 | €351 | -€1,751 | -83.3% |
| Gross operating margin | 9900 | €245,362 | €248,683 | +€3,321 | +1.4% |
| Operating profit (loss) | 9901 | €224,409 | €239,345 | +€14,936 | +6.7% |
| Financial income | 75/76B | €4,150 | €915 | -€3,236 | -78.0% |
| Recurring financial income | 75 | €4,150 | €915 | -€3,236 | -78.0% |
| Financial charges | 65/66B | €1,586 | €2,453 | +€868 | +54.7% |
| Recurring financial charges | 65 | €1,586 | €2,453 | +€868 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €226,973 | €237,806 | +€10,833 | +4.8% |
| Income taxes | 67/77 | €56,120 | €55,920 | -€200 | -0.4% |
| Profit (loss) for the period | 9904 | €170,853 | €181,887 | +€11,033 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €170,853 | €181,887 | +€11,033 | +6.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.