RA GROEP: 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 GROEP
Largest movements
- Receivables within one year +€33,375
up €33,375 (+38.3%), from €87,041 to €120,415
of which Other amounts receivable: +€31,041
- Cash +€17,190
up €17,190 (+45.0%), from €38,206 to €55,396
mainly Net result for the year (+€65,610) and Depreciation (+€18,361)
- Tangible fixed assets +€12,426
up €12,426 (+24.2%), from €51,438 to €63,864
of which Furniture and vehicles: +€12,650
- Profit (loss) carried forward +€69,601
up €69,601 (+1,146%), from €6,073 to €75,674
- Trade debts -€28,745
down €28,745 (-25.7%), from €112,020 to €83,275
- Debts after one year +€16,658
up €16,658 (+77.7%), from €21,449 to €38,107
- Current portion of long-term debt +€5,198
up €5,198 (+96.6%), from €5,381 to €10,579
- Gross operating margin +€85,386
up €85,386 (+482%), from €17,729 to €103,116
- Taxes +€14,877
up €14,877 (+867%), from €1,716 to €16,593
- Depreciation +€6,660
up €6,660 (+56.9%), from €11,701 to €18,361
- Financial income -€2,068
down €2,068 (-65.0%), from €3,181 to €1,113
- Financial charges +€1,801
up €1,801 (+107%), from €1,679 to €3,479
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 | €176,979 | €240,604 | +€63,624 | +36.0% |
| Fixed assets | 21/28 | €51,438 | €63,864 | +€12,426 | +24.2% |
| Tangible fixed assets | 22/27 | €51,438 | €63,864 | +€12,426 | +24.2% |
| Plant, machinery and equipment | 23 | €2,513 | €2,289 | -€224 | -8.9% |
| Furniture and vehicles | 24 | €48,925 | €61,575 | +€12,650 | +25.9% |
| Current assets | 29/58 | €125,542 | €176,740 | +€51,198 | +40.8% |
| Amounts receivable within one year | 40/41 | €87,041 | €120,415 | +€33,375 | +38.3% |
| Trade receivables | 40 | €69,919 | €72,253 | +€2,334 | +3.3% |
| Other amounts receivable | 41 | €17,122 | €48,162 | +€31,041 | +181% |
| Cash at bank and in hand | 54/58 | €38,206 | €55,396 | +€17,190 | +45.0% |
| Deferred charges and accrued income | 490/1 | €294 | €928 | +€634 | +215% |
| Total equity and liabilities | 10/49 | €176,979 | €240,604 | +€63,624 | +36.0% |
| Equity | 10/15 | €7,573 | €77,174 | +€69,601 | +919% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,073 | €75,674 | +€69,601 | +1,146% |
| Amounts payable | 17/49 | €169,406 | €163,430 | -€5,977 | -3.5% |
| Amounts payable after more than one year | 17 | €21,449 | €38,107 | +€16,658 | +77.7% |
| Financial debts | 170/4 | €21,449 | €38,107 | +€16,658 | +77.7% |
| Amounts payable within one year | 42/48 | €147,957 | €125,323 | -€22,634 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €5,381 | €10,579 | +€5,198 | +96.6% |
| Trade debts | 44 | €112,020 | €83,275 | -€28,745 | -25.7% |
| Suppliers | 440/4 | €112,020 | €83,275 | -€28,745 | -25.7% |
| Advances received on contracts in progress | 46 | €7,087 | €7,087 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,374 | €24,383 | +€2,009 | +9.0% |
| Taxes | 450/3 | €22,374 | €24,383 | +€2,009 | +9.0% |
| Other amounts payable | 47/48 | €1,096 | - | -€1,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,701 | €18,361 | +€6,660 | +56.9% |
| Other operating charges | 640/8 | €630 | €184 | -€446 | -70.8% |
| Gross operating margin | 9900 | €17,729 | €103,116 | +€85,386 | +482% |
| Operating profit (loss) | 9901 | €5,399 | €84,570 | +€79,171 | +1,466% |
| Financial income | 75/76B | €3,181 | €1,113 | -€2,068 | -65.0% |
| Recurring financial income | 75 | €3,181 | €1,113 | -€2,068 | -65.0% |
| Financial charges | 65/66B | €1,679 | €3,479 | +€1,801 | +107% |
| Recurring financial charges | 65 | €1,679 | €3,479 | +€1,801 | +107% |
| Profit (loss) for the period before taxes | 9903 | €6,901 | €82,204 | +€75,302 | +1,091% |
| Income taxes | 67/77 | €1,716 | €16,593 | +€14,877 | +867% |
| Profit (loss) for the period | 9904 | €5,186 | €65,610 | +€60,425 | +1,165% |
| Profit (loss) for the period to be appropriated | 9905 | €5,186 | €65,610 | +€60,425 | +1,165% |
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 17 October 2026 via checked.be.