RA ELECTRICITE: 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.
RA ELECTRICITE
Largest movements
- Receivables within one year +€92,904
up €92,904 (+680%), from €13,659 to €106,564
of which Other amounts receivable: +€47,361
- Tangible fixed assets +€38,385
up €38,385 (+18.3%), from €209,322 to €247,708
of which Land and buildings: +€47,211
- Cash -€27,915
down €27,915 (-98.8%), from €28,262 to €347
mainly Receivables within one year (-€92,904) and Investment in fixed assets (net) (-€60,197)
- Stocks and contracts +€6,475
up €6,475 (+22.7%), from €28,546 to €35,021
- Debts after one year +€99,043
up €99,043 (+63.5%), from €155,922 to €254,965
- Other debts -€54,149
down €54,149 (-100%), from €54,149 to €0
- Trade debts +€28,498
up €28,498 (+172%), from €16,543 to €45,042
- Reserves +€19,107
up €19,107 (+91.6%), from €20,859 to €39,966
- Current portion of long-term debt +€9,519
up €9,519 (+55.7%), from €17,094 to €26,613
- Depreciation +€9,656
up €9,656 (+76.0%), from €12,700 to €22,356
- Staff costs -€6,781
down €6,781, from €6,736 to -€45
- Financial charges +€5,743
up €5,743 (+190%), from €3,027 to €8,770
of which Financial charges: +€5,493
- Gross operating margin +€5,088
up €5,088 (+10.3%), from €49,192 to €54,280
- Taxes -€1,810
down €1,810 (-34.9%), from €5,180 to €3,371
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 | €281,877 | €390,909 | +€109,032 | +38.7% |
| Formation expenses | 20 | €544 | €0 | -€544 | -100% |
| Fixed assets | 21/28 | €209,322 | €247,708 | +€38,385 | +18.3% |
| Tangible fixed assets | 22/27 | €209,322 | €247,708 | +€38,385 | +18.3% |
| Land and buildings | 22 | €167,451 | €214,662 | +€47,211 | +28.2% |
| Plant, machinery and equipment | 23 | €4,453 | €4,955 | +€501 | +11.3% |
| Furniture and vehicles | 24 | €7,524 | €4,454 | -€3,070 | -40.8% |
| Leasing and similar rights | 25 | €29,893 | €22,893 | -€7,000 | -23.4% |
| Other tangible fixed assets | 26 | - | €744 | +€744 | |
| Current assets | 29/58 | €72,011 | €143,201 | +€71,190 | +98.9% |
| Stocks and contracts in progress | 3 | €28,546 | €35,021 | +€6,475 | +22.7% |
| Stocks | 30/36 | €28,546 | €35,021 | +€6,475 | +22.7% |
| Amounts receivable within one year | 40/41 | €13,659 | €106,564 | +€92,904 | +680% |
| Trade receivables | 40 | €11,571 | €57,113 | +€45,543 | +394% |
| Other amounts receivable | 41 | €2,089 | €49,450 | +€47,361 | +2,267% |
| Cash at bank and in hand | 54/58 | €28,262 | €347 | -€27,915 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,544 | €1,270 | -€274 | -17.7% |
| Total equity and liabilities | 10/49 | €281,877 | €390,909 | +€109,032 | +38.7% |
| Equity | 10/15 | €25,859 | €44,966 | +€19,107 | +73.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,859 | €39,966 | +€19,107 | +91.6% |
| Distributable reserves | 133 | €20,859 | €39,966 | +€19,107 | +91.6% |
| Amounts payable | 17/49 | €256,018 | €345,943 | +€89,925 | +35.1% |
| Amounts payable after more than one year | 17 | €155,922 | €254,965 | +€99,043 | +63.5% |
| Financial debts | 170/4 | €155,922 | €254,965 | +€99,043 | +63.5% |
| Amounts payable within one year | 42/48 | €100,087 | €90,965 | -€9,121 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €17,094 | €26,613 | +€9,519 | +55.7% |
| Financial debts | 43 | - | €7,422 | +€7,422 | |
| Credit institutions | 430/8 | - | €7,422 | +€7,422 | |
| Trade debts | 44 | €16,543 | €45,042 | +€28,498 | +172% |
| Suppliers | 440/4 | €16,543 | €45,042 | +€28,498 | +172% |
| Taxes, remuneration and social security | 45 | €12,301 | €11,889 | -€412 | -3.3% |
| Taxes | 450/3 | €11,792 | €11,889 | +€97 | +0.8% |
| Remuneration and social security | 454/9 | €509 | €0 | -€509 | -100% |
| Other amounts payable | 47/48 | €54,149 | €0 | -€54,149 | -100% |
| Accrued charges and deferred income | 492/3 | €9 | €13 | +€4 | +41.7% |
| Remuneration, social security and pensions | 62 | €6,736 | -€45 | -€6,781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,700 | €22,356 | +€9,656 | +76.0% |
| Other operating charges | 640/8 | €677 | €997 | +€320 | +47.3% |
| Non-recurring operating charges | 66A | €34 | €99 | +€65 | +191% |
| Gross operating margin | 9900 | €49,192 | €54,280 | +€5,088 | +10.3% |
| Operating profit (loss) | 9901 | €29,045 | €30,874 | +€1,829 | +6.3% |
| Financial income | 75/76B | €22 | €373 | +€352 | +1,629% |
| Recurring financial income | 75 | €22 | €373 | +€352 | +1,629% |
| Financial charges | 65/66B | €3,027 | €8,770 | +€5,743 | +190% |
| Recurring financial charges | 65 | €3,027 | €8,520 | +€5,493 | +181% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €26,040 | €22,477 | -€3,562 | -13.7% |
| Income taxes | 67/77 | €5,180 | €3,371 | -€1,810 | -34.9% |
| Profit (loss) for the period | 9904 | €20,859 | €19,107 | -€1,753 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,859 | €19,107 | -€1,753 | -8.4% |
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.