RA24: 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.
RA24
Largest movements
- Receivables within one year -€25,132
down €25,132 (-82.5%), from €30,456 to €5,324
of which Trade receivables: -€21,664
- Financial fixed assets +€20,000
new in 2025: €20,000
- Tangible fixed assets +€8,968
new in 2025: €8,968
- Cash +€5,548
up €5,548 (+173.0%), from €3,208 to €8,756
mainly Other debts (+€66,492) and Receivables within one year (+€25,132)
- Other debts +€66,492
up €66,492 (+638.1%), from €10,420 to €76,912
- Profit (loss) carried forward -€38,911
down €38,911 (-69.5%), from -€55,979 to -€94,890
- Current portion of long-term debt -€9,460
down €9,460 (-68.8%), from €13,747 to €4,287
- Short-term financial debts -€8,581
down €8,581 (-93.2%), from €9,204 to €624
- Trade debts +€3,660
up €3,660 (+29.4%), from €12,455 to €16,115
- Gross operating margin -€91,776
down €91,776, from €54,542 to -€37,234
- Staff costs -€8,703
no longer reported in 2025 (was €8,703)
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 | €33,664 | €43,048 | +€9,384 | +27.9% |
| Fixed assets | 21/28 | - | €28,968 | +€28,968 | |
| Tangible fixed assets | 22/27 | - | €8,968 | +€8,968 | |
| Other tangible fixed assets | 26 | - | €8,968 | +€8,968 | |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €33,664 | €14,080 | -€19,584 | -58.2% |
| Amounts receivable within one year | 40/41 | €30,456 | €5,324 | -€25,132 | -82.5% |
| Trade receivables | 40 | €22,836 | €1,172 | -€21,664 | -94.9% |
| Other amounts receivable | 41 | €7,620 | €4,152 | -€3,468 | -45.5% |
| Cash at bank and in hand | 54/58 | €3,208 | €8,756 | +€5,548 | +173.0% |
| Total equity and liabilities | 10/49 | €33,664 | €43,048 | +€9,384 | +27.9% |
| Equity | 10/15 | -€15,979 | -€54,890 | -€38,911 | -243.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,979 | -€94,890 | -€38,911 | -69.5% |
| Amounts payable | 17/49 | €49,643 | €97,937 | +€48,295 | +97.3% |
| Amounts payable after more than one year | 17 | €3,219 | - | -€3,219 | |
| Financial debts | 170/4 | €3,219 | - | -€3,219 | |
| Amounts payable within one year | 42/48 | €46,424 | €97,937 | +€51,513 | +111.0% |
| Current portion of amounts payable after more than one year | 42 | €13,747 | €4,287 | -€9,460 | -68.8% |
| Financial debts | 43 | €9,204 | €624 | -€8,581 | -93.2% |
| Credit institutions | 430/8 | €9,204 | €624 | -€8,581 | -93.2% |
| Trade debts | 44 | €12,455 | €16,115 | +€3,660 | +29.4% |
| Suppliers | 440/4 | €12,455 | €16,115 | +€3,660 | +29.4% |
| Taxes, remuneration and social security | 45 | €598 | - | -€598 | |
| Taxes | 450/3 | €598 | - | -€598 | |
| Other amounts payable | 47/48 | €10,420 | €76,912 | +€66,492 | +638.1% |
| Non-recurring operating income | 76A | €68,853 | - | -€68,853 | |
| Remuneration, social security and pensions | 62 | €8,703 | - | -€8,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €59 | +€59 | |
| Other operating charges | 640/8 | €384 | €273 | -€111 | -28.9% |
| Gross operating margin | 9900 | €54,542 | -€37,234 | -€91,776 | |
| Operating profit (loss) | 9901 | €45,455 | -€37,567 | -€83,022 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €1,714 | €1,344 | -€369 | -21.6% |
| Recurring financial charges | 65 | €1,714 | €1,344 | -€369 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €43,745 | -€38,911 | -€82,656 | |
| Profit (loss) for the period | 9904 | €43,745 | -€38,911 | -€82,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,745 | -€38,911 | -€82,656 |
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 5 October 2026 via checked.be.