LE RAALEUR: 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.
LE RAALEUR
Largest movements
- Cash -€10,721
down €10,721 (-29.9%), from €35,806 to €25,086
mainly Investment in fixed assets (net) (-€11,024) and Debts after one year (-€3,495)
- Tangible fixed assets +€4,049
up €4,049 (+14.1%), from €28,646 to €32,695
of which Plant, machinery and equipment: +€5,266
- Receivables within one year +€1,777
new in 2025: €1,777
- Debts after one year -€3,495
down €3,495 (-24.4%), from €14,324 to €10,829
- Current portion of long-term debt -€1,933
down €1,933 (-32.1%), from €6,023 to €4,090
- Trade debts +€1,449
up €1,449 (+29.9%), from €4,849 to €6,297
- Other debts -€1,224
down €1,224 (-100%), from €1,224 to €0
- Gross operating margin -€25,577
down €25,577 (-39.8%), from €64,322 to €38,745
- Turnover -€15,355
down €15,355 (-5.1%), from €299,091 to €283,736
- Purchases and services +€10,222
up €10,222 (+4.4%), from €234,769 to €244,991
- Taxes -€4,806
down €4,806 (-97.0%), from €4,956 to €150
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 | €67,315 | €62,421 | -€4,895 | -7.3% |
| Fixed assets | 21/28 | €29,009 | €33,058 | +€4,049 | +14.0% |
| Tangible fixed assets | 22/27 | €28,646 | €32,695 | +€4,049 | +14.1% |
| Land and buildings | 22 | €7,393 | €5,812 | -€1,581 | -21.4% |
| Plant, machinery and equipment | 23 | €14,375 | €19,641 | +€5,266 | +36.6% |
| Furniture and vehicles | 24 | €2,449 | €3,720 | +€1,271 | +51.9% |
| Other tangible fixed assets | 26 | €4,429 | €3,523 | -€907 | -20.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €38,306 | €29,362 | -€8,944 | -23.3% |
| Amounts receivable within one year | 40/41 | - | €1,777 | +€1,777 | |
| Other amounts receivable | 41 | - | €1,777 | +€1,777 | |
| Cash at bank and in hand | 54/58 | €35,806 | €25,086 | -€10,721 | -29.9% |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €67,315 | €62,421 | -€4,895 | -7.3% |
| Equity | 10/15 | €35,337 | €35,850 | +€513 | +1.5% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,477 | €23,990 | +€513 | +2.2% |
| Amounts payable | 17/49 | €31,978 | €26,570 | -€5,408 | -16.9% |
| Amounts payable after more than one year | 17 | €14,324 | €10,829 | -€3,495 | -24.4% |
| Financial debts | 170/4 | €14,324 | €10,829 | -€3,495 | -24.4% |
| Amounts payable within one year | 42/48 | €17,654 | €15,741 | -€1,913 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €6,023 | €4,090 | -€1,933 | -32.1% |
| Trade debts | 44 | €4,849 | €6,297 | +€1,449 | +29.9% |
| Suppliers | 440/4 | €4,849 | €6,297 | +€1,449 | +29.9% |
| Taxes, remuneration and social security | 45 | €5,557 | €5,354 | -€204 | -3.7% |
| Taxes | 450/3 | €5,557 | €2,532 | -€3,025 | -54.4% |
| Remuneration and social security | 454/9 | - | €2,822 | +€2,822 | |
| Other amounts payable | 47/48 | €1,224 | €0 | -€1,224 | -100% |
| Turnover | 70 | €299,091 | €283,736 | -€15,355 | -5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €234,769 | €244,991 | +€10,222 | +4.4% |
| Remuneration, social security and pensions | 62 | €26,054 | €27,796 | +€1,742 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,690 | €6,975 | +€1,285 | +22.6% |
| Other operating charges | 640/8 | €1,229 | €1,555 | +€327 | +26.6% |
| Gross operating margin | 9900 | €64,322 | €38,745 | -€25,577 | -39.8% |
| Operating profit (loss) | 9901 | €31,349 | €2,419 | -€28,930 | -92.3% |
| Financial income | 75/76B | €90 | - | -€90 | |
| Recurring financial income | 75 | €90 | - | -€90 | |
| Financial charges | 65/66B | €1,395 | €1,756 | +€361 | +25.9% |
| Recurring financial charges | 65 | €1,395 | €1,756 | +€361 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €30,044 | €663 | -€29,381 | -97.8% |
| Income taxes | 67/77 | €4,956 | €150 | -€4,806 | -97.0% |
| Profit (loss) for the period | 9904 | €25,088 | €513 | -€24,575 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,088 | €513 | -€24,575 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.