RA Consult: 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.
RA Consult
Largest movements
- Receivables within one year +€16,997
up €16,997 (+39.4%), from €43,154 to €60,150
of which Trade receivables: +€16,997
- Tangible fixed assets -€11,110
down €11,110 (-23.5%), from €47,212 to €36,101
- Cash +€8,966
up €8,966 (+5.2%), from €171,986 to €180,952
mainly Depreciation (+€11,110) and Net result for the year (+€11,005)
- Reserves +€11,005
up €11,005 (+10.4%), from €106,134 to €117,139
of which Distributable reserves: +€11,005
- Accrued charges and deferred income +€3,188
up €3,188 (+6056.0%), from €53 to €3,241
- Gross operating margin -€5,264
down €5,264 (-15.8%), from €33,411 to €28,146
- Depreciation +€3,964
up €3,964 (+55.5%), from €7,146 to €11,110
- Other operating charges -€2,406
down €2,406 (-90.7%), from €2,654 to €248
- Taxes +€958
up €958 (+20.7%), from €4,620 to €5,577
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 | €264,633 | €279,499 | +€14,866 | +5.6% |
| Fixed assets | 21/28 | €47,212 | €36,101 | -€11,110 | -23.5% |
| Tangible fixed assets | 22/27 | €47,212 | €36,101 | -€11,110 | -23.5% |
| Furniture and vehicles | 24 | €47,212 | €36,101 | -€11,110 | -23.5% |
| Current assets | 29/58 | €217,421 | €243,398 | +€25,977 | +11.9% |
| Amounts receivable within one year | 40/41 | €43,154 | €60,150 | +€16,997 | +39.4% |
| Trade receivables | 40 | €38,899 | €55,896 | +€16,997 | +43.7% |
| Other amounts receivable | 41 | €4,254 | €4,254 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €171,986 | €180,952 | +€8,966 | +5.2% |
| Deferred charges and accrued income | 490/1 | €2,282 | €2,296 | +€14 | +0.6% |
| Total equity and liabilities | 10/49 | €264,633 | €279,499 | +€14,866 | +5.6% |
| Equity | 10/15 | €237,898 | €248,903 | +€11,005 | +4.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €106,134 | €117,139 | +€11,005 | +10.4% |
| Non-distributable reserves | 130/1 | €7,130 | €7,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,130 | €7,130 | = | 0.0% |
| Distributable reserves | 133 | €99,004 | €110,009 | +€11,005 | +11.1% |
| Profit (loss) carried forward | 14 | €125,567 | €125,567 | = | 0.0% |
| Amounts payable | 17/49 | €26,735 | €30,596 | +€3,861 | +14.4% |
| Amounts payable within one year | 42/48 | €26,682 | €27,355 | +€673 | +2.5% |
| Trade debts | 44 | €563 | €250 | -€313 | -55.6% |
| Suppliers | 440/4 | €563 | €250 | -€313 | -55.6% |
| Taxes, remuneration and social security | 45 | €5,739 | €7,184 | +€1,446 | +25.2% |
| Taxes | 450/3 | €5,739 | €7,184 | +€1,446 | +25.2% |
| Other amounts payable | 47/48 | €20,380 | €19,921 | -€459 | -2.3% |
| Accrued charges and deferred income | 492/3 | €53 | €3,241 | +€3,188 | +6056.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,146 | €11,110 | +€3,964 | +55.5% |
| Other operating charges | 640/8 | €2,654 | €248 | -€2,406 | -90.7% |
| Gross operating margin | 9900 | €33,411 | €28,146 | -€5,264 | -15.8% |
| Operating profit (loss) | 9901 | €23,611 | €16,788 | -€6,823 | -28.9% |
| Financial charges | 65/66B | €251 | €205 | -€45 | -18.1% |
| Recurring financial charges | 65 | €251 | €205 | -€45 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €23,360 | €16,583 | -€6,777 | -29.0% |
| Income taxes | 67/77 | €4,620 | €5,577 | +€958 | +20.7% |
| Profit (loss) for the period | 9904 | €18,740 | €11,005 | -€7,735 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,740 | €11,005 | -€7,735 | -41.3% |
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.