Dr. Mike RALKI: what changed
Dr. Mike RALKI
Largest movements
- Cash -€98,559
down €98,559 (-42.7%), from €230,968 to €132,409
mainly Contributions, distributions and other (-€457,353) and Deferred charges and accrued income (-€50,317)
- Deferred charges and accrued income +€50,317
up €50,317 (+43.1%), from €116,821 to €167,138
- Profit (loss) carried forward -€230,614
down €230,614 (-92.9%), from €248,110 to €17,495
- Other debts +€197,301
up €197,301 (+1,554%), from €12,699 to €210,000
- Tax, wage and social debts -€11,577
down €11,577 (-14.2%), from €81,727 to €70,151
- Gross operating margin +€37,422
up €37,422 (+14.2%), from €263,657 to €301,079
- Taxes +€8,535
up €8,535 (+13.9%), from €61,401 to €69,936
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 | €349,109 | €303,704 | -€45,406 | -13.0% |
| Fixed assets | 21/28 | €1,215 | €1,861 | +€646 | +53.2% |
| Tangible fixed assets | 22/27 | €1,215 | €1,861 | +€646 | +53.2% |
| Furniture and vehicles | 24 | €1,215 | €1,861 | +€646 | +53.2% |
| Current assets | 29/58 | €347,894 | €301,842 | -€46,052 | -13.2% |
| Amounts receivable within one year | 40/41 | €106 | €2,295 | +€2,190 | +2,076% |
| Other amounts receivable | 41 | €106 | €2,295 | +€2,190 | +2,076% |
| Cash at bank and in hand | 54/58 | €230,968 | €132,409 | -€98,559 | -42.7% |
| Deferred charges and accrued income | 490/1 | €116,821 | €167,138 | +€50,317 | +43.1% |
| Total equity and liabilities | 10/49 | €349,109 | €303,704 | -€45,406 | -13.0% |
| Equity | 10/15 | €253,110 | €22,495 | -€230,614 | -91.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,110 | €17,495 | -€230,614 | -92.9% |
| Amounts payable | 17/49 | €96,000 | €281,209 | +€185,209 | +193% |
| Amounts payable within one year | 42/48 | €95,832 | €281,041 | +€185,209 | +193% |
| Trade debts | 44 | €1,406 | €890 | -€516 | -36.7% |
| Suppliers | 440/4 | €1,406 | €890 | -€516 | -36.7% |
| Taxes, remuneration and social security | 45 | €81,727 | €70,151 | -€11,577 | -14.2% |
| Taxes | 450/3 | €81,727 | €70,151 | -€11,577 | -14.2% |
| Other amounts payable | 47/48 | €12,699 | €210,000 | +€197,301 | +1,554% |
| Accrued charges and deferred income | 492/3 | €168 | €168 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432 | €883 | +€451 | +104% |
| Other operating charges | 640/8 | €964 | €778 | -€186 | -19.3% |
| Gross operating margin | 9900 | €263,657 | €301,079 | +€37,422 | +14.2% |
| Operating profit (loss) | 9901 | €262,261 | €299,418 | +€37,157 | +14.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €125 | €2,743 | +€2,619 | +2,102% |
| Recurring financial charges | 65 | €125 | €2,743 | +€2,619 | +2,102% |
| Profit (loss) for the period before taxes | 9903 | €262,136 | €296,674 | +€34,538 | +13.2% |
| Income taxes | 67/77 | €61,401 | €69,936 | +€8,535 | +13.9% |
| Profit (loss) for the period | 9904 | €200,735 | €226,739 | +€26,004 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,735 | €226,739 | +€26,004 | +13.0% |
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 6 November 2026 via checked.be.