LA-RAIB: 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.
LA-RAIB
Largest movements
- Receivables within one year +€23,082
up €23,082 (+564.0%), from €4,092 to €27,174
of which Other amounts receivable: +€20,043
- Stocks and contracts +€14,159
up €14,159 (+126.8%), from €11,168 to €25,327
- Cash -€1,609
down €1,609 (-15.5%), from €10,391 to €8,782
mainly Receivables within one year (-€23,082) and Other debts (-€19,172)
- Tangible fixed assets +€1,450
new in 2025: €1,450
- Reserves +€53,191
up €53,191 (+542.0%), from €9,814 to €63,005
- Other debts -€19,172
no longer reported in 2025 (was €19,172)
- Tax, wage and social debts +€18,561
up €18,561 (+756.5%), from €2,454 to €21,015
- Trade debts -€15,498
down €15,498 (-29.7%), from €52,211 to €36,714
- Gross operating margin +€60,101
up €60,101 (+419.9%), from €14,315 to €74,415
- Taxes +€14,650
up €14,650 (+597.1%), from €2,454 to €17,103
- Financial charges +€2,347
up €2,347 (+185.0%), from €1,268 to €3,615
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 | €85,651 | €122,733 | +€37,082 | +43.3% |
| Fixed assets | 21/28 | €60,000 | €61,450 | +€1,450 | +2.4% |
| Tangible fixed assets | 22/27 | - | €1,450 | +€1,450 | |
| Furniture and vehicles | 24 | - | €1,450 | +€1,450 | |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €25,651 | €61,283 | +€35,632 | +138.9% |
| Stocks and contracts in progress | 3 | €11,168 | €25,327 | +€14,159 | +126.8% |
| Stocks | 30/36 | €11,168 | €25,327 | +€14,159 | +126.8% |
| Amounts receivable within one year | 40/41 | €4,092 | €27,174 | +€23,082 | +564.0% |
| Trade receivables | 40 | €163 | €3,202 | +€3,039 | +1867.8% |
| Other amounts receivable | 41 | €3,930 | €23,973 | +€20,043 | +510.0% |
| Cash at bank and in hand | 54/58 | €10,391 | €8,782 | -€1,609 | -15.5% |
| Total equity and liabilities | 10/49 | €85,651 | €122,733 | +€37,082 | +43.3% |
| Equity | 10/15 | €11,814 | €65,005 | +€53,191 | +450.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,814 | €63,005 | +€53,191 | +542.0% |
| Distributable reserves | 133 | €9,814 | €63,005 | +€53,191 | +542.0% |
| Amounts payable | 17/49 | €73,837 | €57,728 | -€16,108 | -21.8% |
| Amounts payable within one year | 42/48 | €73,837 | €57,728 | -€16,108 | -21.8% |
| Trade debts | 44 | €52,211 | €36,714 | -€15,498 | -29.7% |
| Suppliers | 440/4 | €52,211 | €36,714 | -€15,498 | -29.7% |
| Taxes, remuneration and social security | 45 | €2,454 | €21,015 | +€18,561 | +756.5% |
| Taxes | 450/3 | €2,454 | €21,015 | +€18,561 | +756.5% |
| Other amounts payable | 47/48 | €19,172 | - | -€19,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €202 | +€202 | |
| Other operating charges | 640/8 | €783 | €780 | -€3 | -0.4% |
| Gross operating margin | 9900 | €14,315 | €74,415 | +€60,101 | +419.9% |
| Operating profit (loss) | 9901 | €13,532 | €73,434 | +€59,902 | +442.7% |
| Financial income | 75/76B | €4 | €475 | +€471 | +11369.1% |
| Recurring financial income | 75 | €4 | €475 | +€471 | +11369.1% |
| Financial charges | 65/66B | €1,268 | €3,615 | +€2,347 | +185.0% |
| Recurring financial charges | 65 | €1,268 | €3,615 | +€2,347 | +185.0% |
| Profit (loss) for the period before taxes | 9903 | €12,268 | €70,294 | +€58,026 | +473.0% |
| Income taxes | 67/77 | €2,454 | €17,103 | +€14,650 | +597.1% |
| Profit (loss) for the period | 9904 | €9,814 | €53,191 | +€43,376 | +442.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,814 | €53,191 | +€43,376 | +442.0% |
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 4 October 2026 via checked.be.