RAAAS: 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.
RAAAS
Largest movements
- Receivables within one year +€5,989
up €5,989 (+95.8%), from €6,250 to €12,239
of which Other amounts receivable: +€3,750
- Tangible fixed assets +€3,023
up €3,023 (+22.3%), from €13,548 to €16,571
of which Furniture and vehicles: +€4,365
- Cash -€464
down €464 (-54.7%), from €847 to €383
mainly Receivables within one year (-€5,989) and Investment in fixed assets (net) (-€5,401)
- Trade debts +€5,309
up €5,309 (+147.4%), from €3,602 to €8,911
- Debts after one year +€3,533
up €3,533, from €0 to €3,533
- Short-term financial debts -€3,192
down €3,192 (-67.8%), from €4,707 to €1,514
- Tax, wage and social debts +€2,125
up €2,125 (+31.0%), from €6,852 to €8,977
- Current portion of long-term debt +€1,317
up €1,317 (+320.9%), from €410 to €1,727
- Gross operating margin -€8,905
down €8,905 (-44.4%), from €20,055 to €11,150
- Taxes -€1,817
down €1,817 (-42.3%), from €4,291 to €2,474
- Depreciation +€1,368
up €1,368 (+135.5%), from €1,010 to €2,378
- Other operating charges +€475
up €475 (+24.9%), from €1,903 to €2,377
- Financial charges +€362
up €362 (+53.5%), from €676 to €1,038
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 | €24,495 | €33,158 | +€8,663 | +35.4% |
| Fixed assets | 21/28 | €16,548 | €19,571 | +€3,023 | +18.3% |
| Tangible fixed assets | 22/27 | €13,548 | €16,571 | +€3,023 | +22.3% |
| Furniture and vehicles | 24 | €1,395 | €5,760 | +€4,365 | +313.0% |
| Other tangible fixed assets | 26 | €12,153 | €10,811 | -€1,342 | -11.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €7,947 | €13,587 | +€5,640 | +71.0% |
| Amounts receivable within one year | 40/41 | €6,250 | €12,239 | +€5,989 | +95.8% |
| Trade receivables | 40 | - | €2,239 | +€2,239 | |
| Other amounts receivable | 41 | €6,250 | €10,000 | +€3,750 | +60.0% |
| Cash at bank and in hand | 54/58 | €847 | €383 | -€464 | -54.7% |
| Deferred charges and accrued income | 490/1 | €850 | €965 | +€115 | +13.6% |
| Total equity and liabilities | 10/49 | €24,495 | €33,158 | +€8,663 | +35.4% |
| Equity | 10/15 | €8,923 | €8,495 | -€428 | -4.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,923 | €7,495 | -€428 | -5.4% |
| Distributable reserves | 133 | €7,923 | €7,495 | -€428 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,572 | €24,663 | +€9,091 | +58.4% |
| Amounts payable after more than one year | 17 | €0 | €3,533 | +€3,533 | |
| Financial debts | 170/4 | €0 | €3,533 | +€3,533 | |
| Amounts payable within one year | 42/48 | €15,572 | €21,130 | +€5,558 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €410 | €1,727 | +€1,317 | +320.9% |
| Financial debts | 43 | €4,707 | €1,514 | -€3,192 | -67.8% |
| Credit institutions | 430/8 | €4,707 | €1,514 | -€3,192 | -67.8% |
| Trade debts | 44 | €3,602 | €8,911 | +€5,309 | +147.4% |
| Suppliers | 440/4 | €3,602 | €8,911 | +€5,309 | +147.4% |
| Taxes, remuneration and social security | 45 | €6,852 | €8,977 | +€2,125 | +31.0% |
| Taxes | 450/3 | €6,852 | €8,977 | +€2,125 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,010 | €2,378 | +€1,368 | +135.5% |
| Other operating charges | 640/8 | €1,903 | €2,377 | +€475 | +24.9% |
| Gross operating margin | 9900 | €20,055 | €11,150 | -€8,905 | -44.4% |
| Operating profit (loss) | 9901 | €17,143 | €6,395 | -€10,748 | -62.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €676 | €1,038 | +€362 | +53.5% |
| Recurring financial charges | 65 | €676 | €1,038 | +€362 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €16,467 | €5,357 | -€11,109 | -67.5% |
| Income taxes | 67/77 | €4,291 | €2,474 | -€1,817 | -42.3% |
| Profit (loss) for the period | 9904 | €12,176 | €2,884 | -€9,293 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,176 | €2,884 | -€9,293 | -76.3% |
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 10 October 2026 via checked.be.