FRANK RAATS: what changed
FRANK RAATS
Largest movements
- Cash +€24,092
new in 2025: €24,092
mainly Depreciation (+€10,264) and Net result for the year (+€7,788)
- Tangible fixed assets -€10,264
down €10,264 (-30.4%), from €33,716 to €23,452
of which Furniture and vehicles: -€5,293
- Receivables within one year +€3,783
up €3,783 (+13.2%), from €28,762 to €32,545
of which Trade receivables: +€3,752
- Other debts +€7,619
up €7,619 (+21.8%), from €34,909 to €42,528
- Profit (loss) carried forward +€5,277
up €5,277, from -€5,277 to €0
- Tax, wage and social debts +€5,022
up €5,022 (+299%), from €1,681 to €6,702
of which Remuneration and social security: +€6,250
- Trade debts -€1,762
down €1,762 (-58.6%), from €3,009 to €1,247
- Reserves +€1,679
up €1,679 (+17.7%), from €9,468 to €11,147
- Gross operating margin +€8,654
up €8,654 (+72.7%), from €11,911 to €20,565
- Depreciation +€4,292
up €4,292 (+71.9%), from €5,973 to €10,264
- Taxes +€885
up €885 (+156%), from €567 to €1,452
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 | €62,613 | €80,224 | +€17,611 | +28.1% |
| Fixed assets | 21/28 | €33,851 | €23,587 | -€10,264 | -30.3% |
| Tangible fixed assets | 22/27 | €33,716 | €23,452 | -€10,264 | -30.4% |
| Plant, machinery and equipment | 23 | €19,874 | €14,902 | -€4,972 | -25.0% |
| Furniture and vehicles | 24 | €13,842 | €8,550 | -€5,293 | -38.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €28,762 | €56,638 | +€27,876 | +96.9% |
| Amounts receivable within one year | 40/41 | €28,762 | €32,545 | +€3,783 | +13.2% |
| Trade receivables | 40 | €28,762 | €32,514 | +€3,752 | +13.0% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | - | €24,092 | +€24,092 | |
| Total equity and liabilities | 10/49 | €62,613 | €80,224 | +€17,611 | +28.1% |
| Equity | 10/15 | €22,791 | €29,747 | +€6,955 | +30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,468 | €11,147 | +€1,679 | +17.7% |
| Distributable reserves | 133 | €9,468 | €11,147 | +€1,679 | +17.7% |
| Profit (loss) carried forward | 14 | -€5,277 | €0 | +€5,277 | |
| Amounts payable | 17/49 | €39,822 | €50,477 | +€10,656 | +26.8% |
| Amounts payable within one year | 42/48 | €39,822 | €50,477 | +€10,656 | +26.8% |
| Financial debts | 43 | €222 | €0 | -€222 | -100% |
| Credit institutions | 430/8 | €222 | €0 | -€222 | -100% |
| Trade debts | 44 | €3,009 | €1,247 | -€1,762 | -58.6% |
| Suppliers | 440/4 | €3,009 | €1,247 | -€1,762 | -58.6% |
| Taxes, remuneration and social security | 45 | €1,681 | €6,702 | +€5,022 | +299% |
| Taxes | 450/3 | €1,681 | €452 | -€1,228 | -73.1% |
| Remuneration and social security | 454/9 | - | €6,250 | +€6,250 | |
| Other amounts payable | 47/48 | €34,909 | €42,528 | +€7,619 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €10,264 | +€4,292 | +71.9% |
| Other operating charges | 640/8 | €853 | €777 | -€76 | -8.9% |
| Gross operating margin | 9900 | €11,911 | €20,565 | +€8,654 | +72.7% |
| Operating profit (loss) | 9901 | €5,085 | €9,523 | +€4,438 | +87.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €238 | €283 | +€44 | +18.6% |
| Recurring financial charges | 65 | €238 | €283 | +€44 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €4,847 | €9,241 | +€4,394 | +90.6% |
| Income taxes | 67/77 | €567 | €1,452 | +€885 | +156% |
| Profit (loss) for the period | 9904 | €4,280 | €7,788 | +€3,509 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,280 | €7,788 | +€3,509 | +82.0% |
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 3 November 2026 via checked.be.