GERALDINE RAULIER: what changed
GERALDINE RAULIER
Largest movements
- Cash +€8,961
up €8,961 (+52.0%), from €17,244 to €26,205
mainly Depreciation (+€5,969) and Receivables within one year (+€2,428)
- Tangible fixed assets -€5,969
down €5,969 (-27.1%), from €21,985 to €16,016
- Receivables within one year -€2,428
down €2,428 (-18.1%), from €13,438 to €11,010
of which Trade receivables: -€1,947
- Deferred charges and accrued income -€1,566
no longer reported in 2025 (was €1,566)
- Profit (loss) carried forward -€1,807
down €1,807 (-3.6%), from €50,004 to €48,196
- Tax, wage and social debts +€1,417
up €1,417 (+13.7%), from €10,310 to €11,727
of which Taxes: +€817
- Gross operating margin -€17,457
down €17,457 (-71.1%), from €24,538 to €7,081
- Taxes -€3,312
down €3,312 (-69.6%), from €4,756 to €1,444
- Staff costs -€546
no longer reported in 2025 (was €546)
- Depreciation +€389
up €389 (+7.0%), from €5,580 to €5,969
- Other operating charges -€276
down €276 (-31.4%), from €877 to €602
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 | €68,185 | €66,788 | -€1,397 | -2.0% |
| Fixed assets | 21/28 | €21,985 | €16,016 | -€5,969 | -27.1% |
| Tangible fixed assets | 22/27 | €21,985 | €16,016 | -€5,969 | -27.1% |
| Plant, machinery and equipment | 23 | €3,675 | €2,525 | -€1,150 | -31.3% |
| Furniture and vehicles | 24 | €5,543 | €2,689 | -€2,854 | -51.5% |
| Other tangible fixed assets | 26 | €12,767 | €10,802 | -€1,965 | -15.4% |
| Current assets | 29/58 | €46,200 | €50,772 | +€4,572 | +9.9% |
| Stocks and contracts in progress | 3 | €13,952 | €13,557 | -€395 | -2.8% |
| Stocks | 30/36 | €13,952 | €13,557 | -€395 | -2.8% |
| Amounts receivable within one year | 40/41 | €13,438 | €11,010 | -€2,428 | -18.1% |
| Trade receivables | 40 | €12,453 | €10,506 | -€1,947 | -15.6% |
| Other amounts receivable | 41 | €985 | €504 | -€481 | -48.9% |
| Cash at bank and in hand | 54/58 | €17,244 | €26,205 | +€8,961 | +52.0% |
| Deferred charges and accrued income | 490/1 | €1,566 | - | -€1,566 | |
| Total equity and liabilities | 10/49 | €68,185 | €66,788 | -€1,397 | -2.0% |
| Equity | 10/15 | €52,504 | €50,696 | -€1,807 | -3.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,004 | €48,196 | -€1,807 | -3.6% |
| Amounts payable | 17/49 | €15,681 | €16,092 | +€410 | +2.6% |
| Amounts payable within one year | 42/48 | €15,681 | €16,092 | +€410 | +2.6% |
| Financial debts | 43 | €892 | €427 | -€464 | -52.1% |
| Credit institutions | 430/8 | €892 | €427 | -€464 | -52.1% |
| Trade debts | 44 | €1,084 | €954 | -€129 | -11.9% |
| Suppliers | 440/4 | €1,084 | €954 | -€129 | -11.9% |
| Taxes, remuneration and social security | 45 | €10,310 | €11,727 | +€1,417 | +13.7% |
| Taxes | 450/3 | €10,310 | €11,127 | +€817 | +7.9% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €3,396 | €2,983 | -€413 | -12.2% |
| Remuneration, social security and pensions | 62 | €546 | - | -€546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,580 | €5,969 | +€389 | +7.0% |
| Other operating charges | 640/8 | €877 | €602 | -€276 | -31.4% |
| Gross operating margin | 9900 | €24,538 | €7,081 | -€17,457 | -71.1% |
| Operating profit (loss) | 9901 | €17,534 | €510 | -€17,024 | -97.1% |
| Financial income | 75/76B | €45 | €6 | -€38 | -85.5% |
| Recurring financial income | 75 | €45 | €6 | -€38 | -85.5% |
| Financial charges | 65/66B | €809 | €880 | +€71 | +8.8% |
| Recurring financial charges | 65 | €809 | €880 | +€71 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €16,770 | -€363 | -€17,133 | |
| Income taxes | 67/77 | €4,756 | €1,444 | -€3,312 | -69.6% |
| Profit (loss) for the period | 9904 | €12,014 | -€1,807 | -€13,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,014 | -€1,807 | -€13,821 |
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 8 November 2026 via checked.be.