RAAAS: 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.
RAAAS
Largest movements
- Formation expenses -€323
down €323 (-36.2%), from €891 to €568
- Cash -€233
down €233 (-75.8%), from €308 to €75
mainly Net result for the year (-€1,400) and Trade debts (-€387)
- Profit (loss) carried forward -€1,400
down €1,400 (-37.1%), from -€3,770 to -€5,171
- Other debts +€1,250
up €1,250 (+48.8%), from €2,564 to €3,814
- Trade debts -€387
down €387 (-100.0%), from €387 to €0
- Short-term financial debts -€18
down €18 (-100.0%), from €18 to €0
- Other operating charges +€216
up €216 (+55.8%), from €387 to €603
- Financial charges -€165
down €165 (-48.9%), from €338 to €173
- Gross operating margin -€114
down €114 (-60.9%), from -€187 to -€302
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 | €1,199 | €643 | -€556 | -46.4% |
| Formation expenses | 20 | €891 | €568 | -€323 | -36.2% |
| Current assets | 29/58 | €308 | €75 | -€233 | -75.8% |
| Cash at bank and in hand | 54/58 | €308 | €75 | -€233 | -75.8% |
| Total equity and liabilities | 10/49 | €1,199 | €643 | -€556 | -46.4% |
| Equity | 10/15 | -€1,770 | -€3,171 | -€1,400 | -79.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,770 | -€5,171 | -€1,400 | -37.1% |
| Amounts payable | 17/49 | €2,969 | €3,814 | +€845 | +28.4% |
| Amounts payable within one year | 42/48 | €2,969 | €3,814 | +€845 | +28.4% |
| Financial debts | 43 | €18 | €0 | -€18 | -100.0% |
| Credit institutions | 430/8 | €18 | €0 | -€18 | -100.0% |
| Trade debts | 44 | €387 | €0 | -€387 | -100.0% |
| Suppliers | 440/4 | €387 | €0 | -€387 | -100.0% |
| Other amounts payable | 47/48 | €2,564 | €3,814 | +€1,250 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €323 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €603 | +€216 | +55.8% |
| Gross operating margin | 9900 | -€187 | -€302 | -€114 | -60.9% |
| Operating profit (loss) | 9901 | -€897 | -€1,228 | -€330 | -36.8% |
| Financial charges | 65/66B | €338 | €173 | -€165 | -48.9% |
| Recurring financial charges | 65 | €338 | €173 | -€165 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,235 | -€1,400 | -€165 | -13.4% |
| Profit (loss) for the period | 9904 | -€1,235 | -€1,400 | -€165 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,235 | -€1,400 | -€165 | -13.4% |
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 4 October 2026 via checked.be.