RAA BUSINESS: what changed
RAA BUSINESS
Largest movements
- Receivables within one year +€103,723
up €103,723 (+287%), from €36,164 to €139,887
of which Trade receivables: +€103,546
- Cash +€4,947
up €4,947 (+235%), from €2,101 to €7,048
mainly Net result for the year (+€59,876) and Trade debts (+€48,525)
- Profit (loss) carried forward +€59,876
up €59,876 (+1,208%), from €4,955 to €64,832
- Trade debts +€48,525
up €48,525 (+251%), from €19,363 to €67,888
- Turnover +€109,711
new in 2025: €109,711
- Purchases and services +€47,380
new in 2025: €47,380
- Gross operating margin +€41,928
up €41,928 (+205%), from €20,404 to €62,332
- Other operating charges +€2,238
up €2,238 (+1,029%), from €218 to €2,455
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,435 | €147,105 | +€108,670 | +283% |
| Fixed assets | 21/28 | €170 | €170 | = | 0.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €38,265 | €146,935 | +€108,670 | +284% |
| Amounts receivable within one year | 40/41 | €36,164 | €139,887 | +€103,723 | +287% |
| Trade receivables | 40 | €14,499 | €118,045 | +€103,546 | +714% |
| Other amounts receivable | 41 | €21,665 | €21,842 | +€177 | +0.8% |
| Cash at bank and in hand | 54/58 | €2,101 | €7,048 | +€4,947 | +235% |
| Total equity and liabilities | 10/49 | €38,435 | €147,105 | +€108,670 | +283% |
| Equity | 10/15 | €15,455 | €75,332 | +€59,876 | +387% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,955 | €64,832 | +€59,876 | +1,208% |
| Amounts payable | 17/49 | €22,979 | €71,773 | +€48,794 | +212% |
| Amounts payable within one year | 42/48 | €22,979 | €71,773 | +€48,794 | +212% |
| Trade debts | 44 | €19,363 | €67,888 | +€48,525 | +251% |
| Suppliers | 440/4 | €19,363 | €67,888 | +€48,525 | +251% |
| Taxes, remuneration and social security | 45 | €200 | €477 | +€277 | +138% |
| Remuneration and social security | 454/9 | €200 | €477 | +€277 | +138% |
| Other amounts payable | 47/48 | €3,416 | €3,408 | -€8 | -0.2% |
| Turnover | 70 | - | €109,711 | +€109,711 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €47,380 | +€47,380 | |
| Remuneration, social security and pensions | 62 | €1,017 | - | -€1,017 | |
| Other operating charges | 640/8 | €218 | €2,455 | +€2,238 | +1,029% |
| Gross operating margin | 9900 | €20,404 | €62,332 | +€41,928 | +205% |
| Operating profit (loss) | 9901 | €19,169 | €59,876 | +€40,707 | +212% |
| Financial income | 75/76B | €105 | - | -€105 | |
| Recurring financial income | 75 | €105 | - | -€105 | |
| Financial charges | 65/66B | €68 | - | -€68 | |
| Recurring financial charges | 65 | €68 | - | -€68 | |
| Profit (loss) for the period before taxes | 9903 | €19,206 | €59,876 | +€40,670 | +212% |
| Profit (loss) for the period | 9904 | €19,206 | €59,876 | +€40,670 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €19,206 | €59,876 | +€40,670 | +212% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.