R.A.G. Projecten: what changed
R.A.G. Projecten
Largest movements
- Receivables within one year +€55,660
up €55,660 (+102%), from €54,507 to €110,167
of which Trade receivables: +€46,455
- Deferred charges and accrued income +€46,098
up €46,098 (+1,181%), from €3,902 to €50,000
- Cash +€5,779
up €5,779 (+226%), from €2,555 to €8,334
mainly Trade debts (+€109,202) and Net result for the year (+€3,681)
- Trade debts +€109,202
up €109,202 (+2,837%), from €3,849 to €113,051
- Tax, wage and social debts -€5,626
down €5,626 (-66.7%), from €8,434 to €2,808
- Profit (loss) carried forward +€3,681
new in 2025: €3,681
- Gross operating margin -€17,047
down €17,047, from €6,966 to -€10,081
- Financial income +€11,732
up €11,732 (+354%), from €3,310 to €15,043
- Taxes -€2,456
down €2,456 (-93.3%), from €2,632 to €176
- Financial charges -€842
down €842 (-76.5%), from €1,100 to €258
- Other operating charges +€118
up €118 (+26.2%), from €449 to €567
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 | €66,397 | €173,654 | +€107,256 | +162% |
| Fixed assets | 21/28 | €5,433 | €5,153 | -€280 | -5.2% |
| Tangible fixed assets | 22/27 | €280 | - | -€280 | |
| Furniture and vehicles | 24 | €280 | - | -€280 | |
| Financial fixed assets | 28 | €5,153 | €5,153 | = | 0.0% |
| Current assets | 29/58 | €60,964 | €168,501 | +€107,537 | +176% |
| Amounts receivable within one year | 40/41 | €54,507 | €110,167 | +€55,660 | +102% |
| Trade receivables | 40 | €7,465 | €53,920 | +€46,455 | +622% |
| Other amounts receivable | 41 | €47,042 | €56,247 | +€9,205 | +19.6% |
| Cash at bank and in hand | 54/58 | €2,555 | €8,334 | +€5,779 | +226% |
| Deferred charges and accrued income | 490/1 | €3,902 | €50,000 | +€46,098 | +1,181% |
| Total equity and liabilities | 10/49 | €66,397 | €173,654 | +€107,256 | +162% |
| Equity | 10/15 | €54,114 | €57,795 | +€3,681 | +6.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,114 | €51,114 | = | 0.0% |
| Distributable reserves | 133 | €51,114 | €51,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,681 | +€3,681 | |
| Amounts payable | 17/49 | €12,283 | €115,859 | +€103,576 | +843% |
| Amounts payable within one year | 42/48 | €12,283 | €115,859 | +€103,576 | +843% |
| Trade debts | 44 | €3,849 | €113,051 | +€109,202 | +2,837% |
| Suppliers | 440/4 | €3,849 | €113,051 | +€109,202 | +2,837% |
| Taxes, remuneration and social security | 45 | €8,434 | €2,808 | -€5,626 | -66.7% |
| Taxes | 450/3 | €8,434 | €2,808 | -€5,626 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €280 | -€9 | -3.0% |
| Other operating charges | 640/8 | €449 | €567 | +€118 | +26.2% |
| Gross operating margin | 9900 | €6,966 | -€10,081 | -€17,047 | |
| Operating profit (loss) | 9901 | €6,228 | -€10,928 | -€17,156 | |
| Financial income | 75/76B | €3,310 | €15,043 | +€11,732 | +354% |
| Recurring financial income | 75 | €3,310 | €15,043 | +€11,732 | +354% |
| Financial charges | 65/66B | €1,100 | €258 | -€842 | -76.5% |
| Recurring financial charges | 65 | €1,100 | €258 | -€842 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €8,438 | €3,856 | -€4,582 | -54.3% |
| Income taxes | 67/77 | €2,632 | €176 | -€2,456 | -93.3% |
| Profit (loss) for the period | 9904 | €5,806 | €3,681 | -€2,125 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,806 | €3,681 | -€2,125 | -36.6% |
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 4 November 2026 via checked.be.