ENT. RASKIN: 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.
ENT. RASKIN
Largest movements
- Tangible fixed assets +€135,217
up €135,217 (+96.3%), from €140,419 to €275,636
of which Furniture and vehicles: +€111,451
- Receivables within one year +€44,372
up €44,372 (+42.0%), from €105,523 to €149,895
of which Other amounts receivable: +€44,864
- Cash +€17,141
up €17,141 (+293%), from €5,852 to €22,992
mainly Debts after one year (+€131,850) and Net result for the year (+€58,982)
- Deferred charges and accrued income +€16,004
up €16,004 (+1,150%), from €1,392 to €17,396
- Stocks and contracts +€11,157
new in 2025: €11,157
- Debts after one year +€131,850
up €131,850 (+254%), from €51,929 to €183,779
- Advances received +€31,693
new in 2025: €31,693
- Trade debts +€31,534
up €31,534 (+53.7%), from €58,722 to €90,257
- Profit (loss) carried forward +€23,982
up €23,982 (+63.8%), from €37,615 to €61,597
- Current portion of long-term debt +€21,047
up €21,047 (+145%), from €14,559 to €35,606
- Gross operating margin +€175,019
up €175,019 (+95.9%), from €182,584 to €357,603
- Staff costs +€88,691
up €88,691 (+85.9%), from €103,192 to €191,883
- Depreciation +€18,996
up €18,996 (+61.5%), from €30,875 to €49,871
- Taxes -€6,983
down €6,983 (-95.1%), from €7,345 to €362
- Financial charges +€4,351
up €4,351 (+175%), from €2,491 to €6,842
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 | €253,703 | €477,593 | +€223,890 | +88.2% |
| Fixed assets | 21/28 | €140,936 | €276,153 | +€135,217 | +95.9% |
| Tangible fixed assets | 22/27 | €140,419 | €275,636 | +€135,217 | +96.3% |
| Plant, machinery and equipment | 23 | €9,960 | €13,328 | +€3,367 | +33.8% |
| Furniture and vehicles | 24 | €130,459 | €241,909 | +€111,451 | +85.4% |
| Other tangible fixed assets | 26 | - | €20,399 | +€20,399 | |
| Financial fixed assets | 28 | €517 | €517 | = | 0.0% |
| Current assets | 29/58 | €112,767 | €201,440 | +€88,673 | +78.6% |
| Stocks and contracts in progress | 3 | - | €11,157 | +€11,157 | |
| Stocks | 30/36 | - | €11,157 | +€11,157 | |
| Amounts receivable within one year | 40/41 | €105,523 | €149,895 | +€44,372 | +42.0% |
| Trade receivables | 40 | €99,672 | €99,180 | -€492 | -0.5% |
| Other amounts receivable | 41 | €5,851 | €50,714 | +€44,864 | +767% |
| Cash at bank and in hand | 54/58 | €5,852 | €22,992 | +€17,141 | +293% |
| Deferred charges and accrued income | 490/1 | €1,392 | €17,396 | +€16,004 | +1,150% |
| Total equity and liabilities | 10/49 | €253,703 | €477,593 | +€223,890 | +88.2% |
| Equity | 10/15 | €40,615 | €64,597 | +€23,982 | +59.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,615 | €61,597 | +€23,982 | +63.8% |
| Amounts payable | 17/49 | €213,088 | €412,996 | +€199,908 | +93.8% |
| Amounts payable after more than one year | 17 | €51,929 | €183,779 | +€131,850 | +254% |
| Financial debts | 170/4 | €51,929 | €183,779 | +€131,850 | +254% |
| Amounts payable within one year | 42/48 | €161,159 | €227,778 | +€66,619 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €14,559 | €35,606 | +€21,047 | +145% |
| Financial debts | 43 | - | €4,043 | +€4,043 | |
| Credit institutions | 430/8 | - | €4,043 | +€4,043 | |
| Trade debts | 44 | €58,722 | €90,257 | +€31,534 | +53.7% |
| Suppliers | 440/4 | €58,722 | €90,257 | +€31,534 | +53.7% |
| Advances received on contracts in progress | 46 | - | €31,693 | +€31,693 | |
| Taxes, remuneration and social security | 45 | €34,347 | €31,179 | -€3,167 | -9.2% |
| Taxes | 450/3 | €22,754 | €9,193 | -€13,561 | -59.6% |
| Remuneration and social security | 454/9 | €11,593 | €21,987 | +€10,394 | +89.7% |
| Other amounts payable | 47/48 | €53,531 | €35,000 | -€18,531 | -34.6% |
| Accrued charges and deferred income | 492/3 | - | €1,439 | +€1,439 | |
| Remuneration, social security and pensions | 62 | €103,192 | €191,883 | +€88,691 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,875 | €49,871 | +€18,996 | +61.5% |
| Other operating charges | 640/8 | €1,067 | €2,066 | +€999 | +93.7% |
| Non-recurring operating charges | 66A | - | €48,328 | +€48,328 | |
| Gross operating margin | 9900 | €182,584 | €357,603 | +€175,019 | +95.9% |
| Operating profit (loss) | 9901 | €47,450 | €65,455 | +€18,005 | +37.9% |
| Financial income | 75/76B | - | €731 | +€731 | |
| Recurring financial income | 75 | - | €731 | +€731 | |
| Financial charges | 65/66B | €2,491 | €6,842 | +€4,351 | +175% |
| Recurring financial charges | 65 | €2,491 | €6,842 | +€4,351 | +175% |
| Profit (loss) for the period before taxes | 9903 | €44,959 | €59,344 | +€14,385 | +32.0% |
| Income taxes | 67/77 | €7,345 | €362 | -€6,983 | -95.1% |
| Profit (loss) for the period | 9904 | €37,615 | €58,982 | +€21,368 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,615 | €58,982 | +€21,368 | +56.8% |
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 23 October 2026 via checked.be.