Firma Raes: 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.
Firma Raes
Largest movements
- Current investments +€10,317
up €10,317 (+13.1%), from €78,493 to €88,810
- Cash -€5,037
down €5,037 (-66.2%), from €7,613 to €2,576
mainly Current investments (-€10,317) and Accrued charges and deferred income (-€2,315)
- Receivables within one year -€2,086
down €2,086 (-35.0%), from €5,968 to €3,882
of which Trade receivables: -€1,857
- Other debts +€3,929
up €3,929 (+13.7%), from €28,771 to €32,700
- Accrued charges and deferred income -€2,315
down €2,315 (-100%), from €2,315 to €0
- Other operating charges +€1,933
up €1,933 (+82.0%), from €2,356 to €4,288
- Gross operating margin -€1,183
down €1,183 (-14.9%), from €7,959 to €6,776
- Taxes -€1,027
down €1,027 (-81.1%), from €1,266 to €239
- Financial charges +€331
up €331 (+16.6%), from €1,991 to €2,322
- Financial income +€98
up €98 (+26.7%), from €368 to €466
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 | €97,087 | €100,294 | +€3,207 | +3.3% |
| Fixed assets | 21/28 | €1,740 | €1,740 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,740 | €1,740 | = | 0.0% |
| Land and buildings | 22 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €95,347 | €98,554 | +€3,207 | +3.4% |
| Amounts receivable within one year | 40/41 | €5,968 | €3,882 | -€2,086 | -35.0% |
| Trade receivables | 40 | €5,631 | €3,774 | -€1,857 | -33.0% |
| Other amounts receivable | 41 | €337 | €108 | -€229 | -68.0% |
| Current investments | 50/53 | €78,493 | €88,810 | +€10,317 | +13.1% |
| Cash at bank and in hand | 54/58 | €7,613 | €2,576 | -€5,037 | -66.2% |
| Deferred charges and accrued income | 490/1 | €3,272 | €3,285 | +€13 | +0.4% |
| Total equity and liabilities | 10/49 | €97,087 | €100,294 | +€3,207 | +3.3% |
| Equity | 10/15 | €64,524 | €64,917 | +€393 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,524 | €44,917 | +€393 | +0.9% |
| Non-distributable reserves | 130/1 | €2,008 | €2,008 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,008 | €2,008 | = | 0.0% |
| Distributable reserves | 133 | €42,516 | €42,909 | +€393 | +0.9% |
| Amounts payable | 17/49 | €32,563 | €35,377 | +€2,815 | +8.6% |
| Amounts payable within one year | 42/48 | €30,248 | €35,377 | +€5,130 | +17.0% |
| Trade debts | 44 | €1,287 | €1,892 | +€605 | +47.0% |
| Suppliers | 440/4 | €1,287 | €1,892 | +€605 | +47.0% |
| Taxes, remuneration and social security | 45 | €189 | €786 | +€596 | +315% |
| Taxes | 450/3 | €189 | €786 | +€596 | +315% |
| Other amounts payable | 47/48 | €28,771 | €32,700 | +€3,929 | +13.7% |
| Accrued charges and deferred income | 492/3 | €2,315 | €0 | -€2,315 | -100% |
| Other operating charges | 640/8 | €2,356 | €4,288 | +€1,933 | +82.0% |
| Gross operating margin | 9900 | €7,959 | €6,776 | -€1,183 | -14.9% |
| Operating profit (loss) | 9901 | €5,603 | €2,488 | -€3,115 | -55.6% |
| Financial income | 75/76B | €368 | €466 | +€98 | +26.7% |
| Recurring financial income | 75 | €368 | €466 | +€98 | +26.7% |
| Financial charges | 65/66B | €1,991 | €2,322 | +€331 | +16.6% |
| Recurring financial charges | 65 | €1,991 | €2,322 | +€331 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €3,980 | €632 | -€3,348 | -84.1% |
| Income taxes | 67/77 | €1,266 | €239 | -€1,027 | -81.1% |
| Profit (loss) for the period | 9904 | €2,713 | €393 | -€2,321 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,713 | €393 | -€2,321 | -85.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.