RA-SE GENETICS: 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-SE GENETICS
Largest movements
- Stocks and contracts +€99,736
up €99,736 (+60.2%), from €165,690 to €265,426
- Receivables within one year +€58,209
up €58,209 (+21.0%), from €277,766 to €335,975
of which Trade receivables: +€46,842
- Tangible fixed assets -€13,163
down €13,163 (-23.0%), from €57,290 to €44,127
- Trade debts +€139,187
up €139,187 (+9.3%), from €1.5m to €1.6m
- Profit (loss) carried forward +€21,459
up €21,459 (+1.1%), from -€2.0m to -€1.9m
- Tax, wage and social debts +€11,876
up €11,876 (+34.1%), from €34,818 to €46,694
of which Remuneration and social security: +€12,194
- Depreciation +€15,154
up €15,154 (+11.4%), from €133,095 to €148,249
- Staff costs -€11,504
down €11,504 (-5.7%), from €202,853 to €191,348
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 | €875,520 | €1,035,806 | +€160,286 | +18.3% |
| Fixed assets | 21/28 | €430,926 | €417,763 | -€13,163 | -3.1% |
| Intangible fixed assets | 21 | €373,616 | €373,616 | = | 0.0% |
| Tangible fixed assets | 22/27 | €57,290 | €44,127 | -€13,163 | -23.0% |
| Furniture and vehicles | 24 | €57,290 | €44,127 | -€13,163 | -23.0% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €444,594 | €618,043 | +€173,448 | +39.0% |
| Stocks and contracts in progress | 3 | €165,690 | €265,426 | +€99,736 | +60.2% |
| Stocks | 30/36 | €165,690 | €265,426 | +€99,736 | +60.2% |
| Amounts receivable within one year | 40/41 | €277,766 | €335,975 | +€58,209 | +21.0% |
| Trade receivables | 40 | €276,514 | €323,356 | +€46,842 | +16.9% |
| Other amounts receivable | 41 | €1,252 | €12,620 | +€11,367 | +908% |
| Cash at bank and in hand | 54/58 | €1,138 | €10,950 | +€9,812 | +862% |
| Deferred charges and accrued income | 490/1 | - | €5,692 | +€5,692 | |
| Total equity and liabilities | 10/49 | €875,520 | €1,035,806 | +€160,286 | +18.3% |
| Equity | 10/15 | -€961,671 | -€940,212 | +€21,459 | +2.2% |
| Contributions | 10/11 | €788,374 | €788,374 | = | 0.0% |
| Capital | 10 | €788,374 | €788,374 | = | 0.0% |
| Issued capital | 100 | €788,374 | €788,374 | = | 0.0% |
| Reserves | 13 | €202,426 | €202,426 | = | 0.0% |
| Tax-exempt reserves | 132 | €202,426 | €202,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,952,471 | -€1,931,012 | +€21,459 | +1.1% |
| Amounts payable | 17/49 | €1,837,191 | €1,976,018 | +€138,827 | +7.6% |
| Amounts payable within one year | 42/48 | €1,837,191 | €1,976,018 | +€138,827 | +7.6% |
| Financial debts | 43 | €2,000 | €0 | -€2,000 | -100% |
| Credit institutions | 430/8 | €2,000 | €0 | -€2,000 | -100% |
| Trade debts | 44 | €1,503,133 | €1,642,320 | +€139,187 | +9.3% |
| Suppliers | 440/4 | €1,503,133 | €1,642,320 | +€139,187 | +9.3% |
| Taxes, remuneration and social security | 45 | €34,818 | €46,694 | +€11,876 | +34.1% |
| Taxes | 450/3 | €7,826 | €7,508 | -€318 | -4.1% |
| Remuneration and social security | 454/9 | €26,991 | €39,185 | +€12,194 | +45.2% |
| Other amounts payable | 47/48 | €297,240 | €287,004 | -€10,236 | -3.4% |
| Remuneration, social security and pensions | 62 | €202,853 | €191,348 | -€11,504 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,095 | €148,249 | +€15,154 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | €0 | -€1,500 | -100% |
| Other operating charges | 640/8 | €5,796 | €3,174 | -€2,622 | -45.2% |
| Non-recurring operating charges | 66A | €1,750 | €0 | -€1,750 | -100% |
| Gross operating margin | 9900 | €368,549 | €364,994 | -€3,555 | -1.0% |
| Operating profit (loss) | 9901 | €23,554 | €22,223 | -€1,332 | -5.7% |
| Financial income | 75/76B | €1 | €2 | +€1 | +96.6% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +96.6% |
| Financial charges | 65/66B | €915 | €766 | -€149 | -16.3% |
| Recurring financial charges | 65 | €915 | €766 | -€149 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €22,641 | €21,459 | -€1,182 | -5.2% |
| Profit (loss) for the period | 9904 | €22,641 | €21,459 | -€1,182 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,641 | €21,459 | -€1,182 | -5.2% |
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 28 October 2026 via checked.be.