HET RASTER: what changed
Two fiscal 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.
HET RASTER
Largest movements
- Current investments +€1.2m
up €1.2m (+128.1%), from €897,525 to €2.0m
- Cash -€1.0m
down €1.0m (-48.6%), from €2.1m to €1.1m
mainly Current investments (-€1.2m) and Investment in fixed assets (net) (-€880,908)
- Tangible fixed assets +€680,538
up €680,538 (+22.4%), from €3.0m to €3.7m
of which Assets under construction and advance payments: +€511,764
- Receivables within one year +€309,959
up €309,959 (+300.3%), from €103,208 to €413,167
of which Other amounts receivable: +€304,437
- Debts after one year +€586,641
up €586,641 (+76.4%), from €767,492 to €1.4m
- Reserves +€276,415
up €276,415 (+7.3%), from €3.8m to €4.1m
- Tax, wage and social debts +€218,222
up €218,222 (+15.9%), from €1.4m to €1.6m
of which Remuneration and social security: +€198,325
- Current portion of long-term debt +€75,344
up €75,344 (+85.6%), from €88,015 to €163,359
- Staff costs +€759,326
up €759,326 (+8.8%), from €8.6m to €9.4m
- Services and other goods +€61,824
up €61,824 (+18.4%), from €335,651 to €397,475
- Financial income -€18,903
down €18,903 (-36.5%), from €51,829 to €32,926
- Other operating income +€10,944
up €10,944 (+13.2%), from €82,769 to €93,713
- Depreciation -€6,969
down €6,969 (-2.8%), from €248,979 to €242,010
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.
Cash bridge derived
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 | €6,257,103 | €7,379,263 | +€1.1m | +17.9% |
| Fixed assets | 21/28 | €3,095,424 | €3,734,322 | +€638,898 | +20.6% |
| Intangible fixed assets | 21 | €49,760 | €8,096 | -€41,664 | -83.7% |
| Tangible fixed assets | 22/27 | €3,035,023 | €3,715,561 | +€680,538 | +22.4% |
| Land and buildings | 22 | €2,960,160 | €3,143,318 | +€183,158 | +6.2% |
| Plant, machinery and equipment | 23 | €57,521 | €45,387 | -€12,134 | -21.1% |
| Furniture and vehicles | 24 | €4,260 | €2,929 | -€1,332 | -31.3% |
| Other tangible fixed assets | 26 | €13,081 | €12,163 | -€918 | -7.0% |
| Assets under construction and advance payments | 27 | €0 | €511,764 | +€511,764 | |
| Financial fixed assets | 28 | €10,641 | €10,665 | +€24 | +0.2% |
| Affiliated companies | 280/1 | €7,140 | €7,140 | = | 0.0% |
| Participating interests | 280 | €7,140 | €7,140 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,501 | €3,525 | +€24 | +0.7% |
| Amounts receivable and cash guarantees | 285/8 | €3,501 | €3,525 | +€24 | +0.7% |
| Current assets | 29/58 | €3,161,679 | €3,644,941 | +€483,262 | +15.3% |
| Amounts receivable within one year | 40/41 | €103,208 | €413,167 | +€309,959 | +300.3% |
| Trade receivables | 40 | €43,934 | €49,456 | +€5,522 | +12.6% |
| Other amounts receivable | 41 | €59,274 | €363,711 | +€304,437 | +513.6% |
| Current investments | 50/53 | €897,525 | €2,047,525 | +€1.2m | +128.1% |
| Cash at bank and in hand | 54/58 | €2,096,581 | €1,076,666 | -€1.0m | -48.6% |
| Deferred charges and accrued income | 490/1 | €64,365 | €107,583 | +€43,218 | +67.1% |
| Total equity and liabilities | 10/49 | €6,257,103 | €7,379,263 | +€1.1m | +17.9% |
| Equity | 10/15 | €3,917,138 | €4,169,553 | +€252,415 | +6.4% |
| Contributions | 10/11 | €80,129 | €80,129 | = | 0.0% |
| Capital | 10 | €80,129 | €80,129 | = | 0.0% |
| Reserves | 13 | €3,800,343 | €4,076,757 | +€276,415 | +7.3% |
| Investment grants | 15 | €36,667 | €12,667 | -€24,000 | -65.5% |
| Amounts payable | 17/49 | €2,339,964 | €3,209,710 | +€869,745 | +37.2% |
| Amounts payable after more than one year | 17 | €767,492 | €1,354,133 | +€586,641 | +76.4% |
| Financial debts | 170/4 | €767,492 | €1,354,133 | +€586,641 | +76.4% |
| Credit institutions | 173 | €767,492 | €1,354,133 | +€586,641 | +76.4% |
| Amounts payable within one year | 42/48 | €1,513,598 | €1,801,729 | +€288,130 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €88,015 | €163,359 | +€75,344 | +85.6% |
| Trade debts | 44 | €51,598 | €46,898 | -€4,700 | -9.1% |
| Suppliers | 440/4 | €51,598 | €46,898 | -€4,700 | -9.1% |
| Taxes, remuneration and social security | 45 | €1,372,839 | €1,591,061 | +€218,222 | +15.9% |
| Taxes | 450/3 | €274,370 | €294,268 | +€19,897 | +7.3% |
| Remuneration and social security | 454/9 | €1,098,469 | €1,296,794 | +€198,325 | +18.1% |
| Accrued charges and deferred income | 492/3 | €58,874 | €53,848 | -€5,026 | -8.5% |
| Operating income | 70/76A | €9,555,066 | €10,353,946 | +€798,880 | +8.4% |
| Turnover | 70 | €249,892 | €255,585 | +€5,693 | +2.3% |
| Other operating income | 74 | €82,769 | €93,713 | +€10,944 | +13.2% |
| Operating charges | 60/66A | €9,279,570 | €10,097,302 | +€817,732 | +8.8% |
| Services and other goods | 61 | €335,651 | €397,475 | +€61,824 | +18.4% |
| Remuneration, social security and pensions | 62 | €8,630,741 | €9,390,067 | +€759,326 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,979 | €242,010 | -€6,969 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,350 | €1,803 | +€452 | +33.5% |
| Other operating charges | 640/8 | €62,849 | €65,947 | +€3,098 | +4.9% |
| Operating profit (loss) | 9901 | €275,496 | €256,644 | -€18,852 | -6.8% |
| Financial income | 75/76B | €51,829 | €32,926 | -€18,903 | -36.5% |
| Recurring financial income | 75 | €51,829 | €32,926 | -€18,903 | -36.5% |
| Income from current assets | 751 | €20,863 | €32,889 | +€12,026 | +57.6% |
| Other financial income | 752/9 | €30,966 | €37 | -€30,929 | -99.9% |
| Financial charges | 65/66B | €16,234 | €13,156 | -€3,077 | -19.0% |
| Recurring financial charges | 65 | €16,234 | €13,156 | -€3,077 | -19.0% |
| Debt charges | 650 | €8,618 | €7,705 | -€913 | -10.6% |
| Other financial charges | 652/9 | €7,616 | €5,452 | -€2,164 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €311,092 | €276,415 | -€34,677 | -11.1% |
| Profit (loss) for the period | 9904 | €311,092 | €276,415 | -€34,677 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €311,092 | €276,415 | -€34,677 | -11.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.