RA&ST ELECTROMENAGER: 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&ST ELECTROMENAGER
Largest movements
- Tangible fixed assets -€9,389
down €9,389 (-3.6%), from €259,991 to €250,603
of which Land and buildings: -€7,013
- Deferred charges and accrued income +€7,607
up €7,607 (+63.1%), from €12,047 to €19,654
- Cash +€3,716
up €3,716 (+137%), from €2,720 to €6,436
mainly Net result for the year (+€27,237) and Depreciation (+€9,989)
- Profit (loss) carried forward +€27,237
up €27,237 (+64.5%), from -€42,227 to -€14,989
- Debts after one year -€18,880
down €18,880 (-8.0%), from €236,223 to €217,343
- Tax, wage and social debts -€10,228
down €10,228 (-15.7%), from €65,027 to €54,800
of which Taxes: -€8,436
- Gross operating margin +€69,094
up €69,094 (+441%), from €15,672 to €84,767
- Staff costs +€50,016
up €50,016 (+2,714%), from €1,843 to €51,859
- Financial income -€20,960
down €20,960 (-49.4%), from €42,389 to €21,429
of which Non-recurring financial income: -€38,702
- Financial charges -€1,402
down €1,402 (-11.3%), from €12,395 to €10,993
of which Non-recurring financial charges: -€1,309
- Taxes +€1,366
up €1,366 (+379%), from €361 to €1,727
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,946 | €330,924 | -€1,022 | -0.3% |
| Fixed assets | 21/28 | €261,611 | €252,223 | -€9,389 | -3.6% |
| Tangible fixed assets | 22/27 | €259,991 | €250,603 | -€9,389 | -3.6% |
| Land and buildings | 22 | €252,267 | €245,254 | -€7,013 | -2.8% |
| Plant, machinery and equipment | 23 | €1,835 | €969 | -€866 | -47.2% |
| Furniture and vehicles | 24 | €5,889 | €4,379 | -€1,509 | -25.6% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €70,335 | €78,701 | +€8,367 | +11.9% |
| Stocks and contracts in progress | 3 | €44,678 | €43,434 | -€1,244 | -2.8% |
| Stocks | 30/36 | €44,678 | €43,434 | -€1,244 | -2.8% |
| Amounts receivable within one year | 40/41 | €10,890 | €9,177 | -€1,713 | -15.7% |
| Trade receivables | 40 | €9,791 | €9,177 | -€613 | -6.3% |
| Other amounts receivable | 41 | €1,100 | - | -€1,100 | |
| Cash at bank and in hand | 54/58 | €2,720 | €6,436 | +€3,716 | +137% |
| Deferred charges and accrued income | 490/1 | €12,047 | €19,654 | +€7,607 | +63.1% |
| Total equity and liabilities | 10/49 | €331,946 | €330,924 | -€1,022 | -0.3% |
| Equity | 10/15 | -€34,167 | -€6,929 | +€27,237 | +79.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,227 | -€14,989 | +€27,237 | +64.5% |
| Amounts payable | 17/49 | €366,113 | €337,853 | -€28,259 | -7.7% |
| Amounts payable after more than one year | 17 | €236,223 | €217,343 | -€18,880 | -8.0% |
| Financial debts | 170/4 | €236,223 | €217,343 | -€18,880 | -8.0% |
| Amounts payable within one year | 42/48 | €129,890 | €120,510 | -€9,380 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €18,583 | €18,880 | +€296 | +1.6% |
| Trade debts | 44 | €28,507 | €30,552 | +€2,044 | +7.2% |
| Suppliers | 440/4 | €28,507 | €30,552 | +€2,044 | +7.2% |
| Advances received on contracts in progress | 46 | - | €583 | +€583 | |
| Taxes, remuneration and social security | 45 | €65,027 | €54,800 | -€10,228 | -15.7% |
| Taxes | 450/3 | €25,536 | €17,100 | -€8,436 | -33.0% |
| Remuneration and social security | 454/9 | €39,492 | €37,700 | -€1,792 | -4.5% |
| Other amounts payable | 47/48 | €17,771 | €15,696 | -€2,075 | -11.7% |
| Remuneration, social security and pensions | 62 | €1,843 | €51,859 | +€50,016 | +2,714% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,822 | €9,989 | +€167 | +1.7% |
| Other operating charges | 640/8 | €4,265 | €4,391 | +€126 | +3.0% |
| Gross operating margin | 9900 | €15,672 | €84,767 | +€69,094 | +441% |
| Operating profit (loss) | 9901 | -€257 | €18,528 | +€18,785 | |
| Financial income | 75/76B | €42,389 | €21,429 | -€20,960 | -49.4% |
| Recurring financial income | 75 | €3,686 | €21,429 | +€17,742 | +481% |
| Non-recurring financial income | 76B | €38,702 | - | -€38,702 | |
| Financial charges | 65/66B | €12,395 | €10,993 | -€1,402 | -11.3% |
| Recurring financial charges | 65 | €8,207 | €8,114 | -€93 | -1.1% |
| Non-recurring financial charges | 66B | €4,188 | €2,878 | -€1,309 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €29,737 | €28,964 | -€773 | -2.6% |
| Income taxes | 67/77 | €361 | €1,727 | +€1,366 | +379% |
| Profit (loss) for the period | 9904 | €29,376 | €27,237 | -€2,139 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,376 | €27,237 | -€2,139 | -7.3% |
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 31 October 2026 via checked.be.