ELECTRICITE RAES: what changed
ELECTRICITE RAES
Largest movements
- Cash +€4,963
up €4,963 (+16.3%), from €30,415 to €35,378
mainly Net result for the year (+€5,653) and Trade debts (+€1,036)
- Tangible fixed assets +€620
new in 2025: €620
- Deferred charges and accrued income +€604
new in 2025: €604
- Profit (loss) carried forward +€5,653
up €5,653 (+40.0%), from €14,146 to €19,799
- Trade debts +€1,036
new in 2025: €1,036
- Gross operating margin +€7,018
up €7,018, from -€1,187 to €5,831
- Financial charges -€66
down €66 (-58.4%), from €113 to €47
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 | €34,437 | €40,835 | +€6,398 | +18.6% |
| Fixed assets | 21/28 | - | €620 | +€620 | |
| Tangible fixed assets | 22/27 | - | €620 | +€620 | |
| Furniture and vehicles | 24 | - | €620 | +€620 | |
| Current assets | 29/58 | €34,437 | €40,215 | +€5,778 | +16.8% |
| Amounts receivable within one year | 40/41 | €4,022 | €4,233 | +€211 | +5.2% |
| Trade receivables | 40 | €3,623 | €3,495 | -€128 | -3.5% |
| Other amounts receivable | 41 | €399 | €738 | +€339 | +85.0% |
| Cash at bank and in hand | 54/58 | €30,415 | €35,378 | +€4,963 | +16.3% |
| Deferred charges and accrued income | 490/1 | - | €604 | +€604 | |
| Total equity and liabilities | 10/49 | €34,437 | €40,835 | +€6,398 | +18.6% |
| Equity | 10/15 | €34,146 | €39,799 | +€5,653 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,146 | €19,799 | +€5,653 | +40.0% |
| Amounts payable | 17/49 | €291 | €1,036 | +€745 | +256% |
| Amounts payable within one year | 42/48 | €291 | €1,036 | +€745 | +256% |
| Trade debts | 44 | - | €1,036 | +€1,036 | |
| Suppliers | 440/4 | - | €1,036 | +€1,036 | |
| Taxes, remuneration and social security | 45 | €291 | - | -€291 | |
| Taxes | 450/3 | €291 | - | -€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4 | +€4 | |
| Other operating charges | 640/8 | €127 | €127 | = | 0.0% |
| Gross operating margin | 9900 | -€1,187 | €5,831 | +€7,018 | |
| Operating profit (loss) | 9901 | -€1,314 | €5,700 | +€7,014 | |
| Financial charges | 65/66B | €113 | €47 | -€66 | -58.4% |
| Recurring financial charges | 65 | €113 | €47 | -€66 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,427 | €5,653 | +€7,080 | |
| Profit (loss) for the period | 9904 | -€1,427 | €5,653 | +€7,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,427 | €5,653 | +€7,080 |
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 3 November 2026 via checked.be.