Raak: 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.
What changed
Raak
NACE 94.920, Activities of membership organisations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€64,678
2024 · -€57,872-€6,806
Equity
€5.0m
2024 · €5.1m-€64,679
Cash
€2.1m
2024 · €2.9m-€825,902
Balance sheet total
€6.3m
2024 · €6.4m-€62,729
Largest movements
Assets
- Current investments +€965,676
up €965,676 (+38.1%), from €2.5m to €3.5m
- Cash -€825,902
down €825,902 (-28.3%), from €2.9m to €2.1m
mainly Current investments (-€965,676) and Net result for the year (-€64,678)
- Receivables within one year -€177,511
down €177,511 (-37.2%), from €476,794 to €299,283
of which Other amounts receivable: -€186,468
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Purchases and services -€1.4m
no longer reported in 2025 (was €1.4m)
- Turnover -€143,065
no longer reported in 2025 (was €143,065)
- Staff costs +€101,906
up €101,906 (+3.9%), from €2.6m to €2.7m
- Gross operating margin +€86,700
up €86,700 (+3.4%), from €2.6m to €2.6m
- Financial income -€44,030
down €44,030 (-41.7%), from €105,707 to €61,677
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.
Result 2024
-€57,872
Gross operating margin
+€86,700
Staff costs
-€101,906
Depreciation
-€1,249
Write-downs
+€1,589
Other operating charges
+€35,938
Other operating items
+€285
Financial income
-€44,030
Financial charges
+€15,867
Result 2025
-€64,678
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.
From operations
+€158,098
Investment
-€983,999
Financing
-€0
Cash 2024
€2.9m
From operations (derived)
+€158,098
Net result for the year
-€64,678
Depreciation
+€21,117
Receivables after one year
+€38,112
Stocks and contracts
-€20,124
Receivables within one year
+€177,511
Deferred charges and accrued income
+€4,211
Smaller working-capital items
-€2,122
Debts within one year
+€4,072
Investment (derived)
-€983,999
Investment in fixed assets (net)
-€18,323
Current investments
-€965,676
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,364,628 | €6,301,899 | -€62,729 | -1.0% |
| Fixed assets | 21/28 | €40,204 | €37,410 | -€2,794 | -6.9% |
| Tangible fixed assets | 22/27 | €40,192 | €37,398 | -€2,794 | -7.0% |
| Plant, machinery and equipment | 23 | €12,752 | €16,666 | +€3,914 | +30.7% |
| Furniture and vehicles | 24 | €15,256 | €7,990 | -€7,266 | -47.6% |
| Other tangible fixed assets | 26 | €12,184 | €12,741 | +€557 | +4.6% |
| Financial fixed assets | 28 | €12 | €12 | +€0 | +3.3% |
| Current assets | 29/58 | €6,324,424 | €6,264,489 | -€59,935 | -0.9% |
| Amounts receivable after more than one year | 29 | €302,497 | €264,385 | -€38,112 | -12.6% |
| Other amounts receivable | 291 | €302,497 | €264,385 | -€38,112 | -12.6% |
| Stocks and contracts in progress | 3 | €8,761 | €28,885 | +€20,124 | +229.7% |
| Stocks | 30/36 | €8,761 | €28,885 | +€20,124 | +229.7% |
| Amounts receivable within one year | 40/41 | €476,794 | €299,283 | -€177,511 | -37.2% |
| Trade receivables | 40 | €37,746 | €46,704 | +€8,958 | +23.7% |
| Other amounts receivable | 41 | €439,048 | €252,580 | -€186,468 | -42.5% |
| Current investments | 50/53 | €2,532,053 | €3,497,729 | +€965,676 | +38.1% |
| Cash at bank and in hand | 54/58 | €2,914,346 | €2,088,444 | -€825,902 | -28.3% |
| Deferred charges and accrued income | 490/1 | €89,973 | €85,762 | -€4,211 | -4.7% |
| Total equity and liabilities | 10/49 | €6,364,628 | €6,301,899 | -€62,729 | -1.0% |
| Equity | 10/15 | €5,104,880 | €5,040,201 | -€64,679 | -1.3% |
| Contributions | 10/11 | €1,988,056 | €1,988,056 | +€0 | 0.0% |
| Capital | 10 | €1,988,056 | €1,988,056 | +€0 | 0.0% |
| Reserves | 13 | €2,986,660 | €2,953,284 | -€33,376 | -1.1% |
| Profit (loss) carried forward | 14 | €130,164 | €98,860 | -€31,304 | -24.0% |
| Provisions and deferred taxes | 16 | €23,465 | €23,602 | +€137 | +0.6% |
| Provisions for liabilities and charges | 160/5 | €23,465 | €23,602 | +€137 | +0.6% |
| Other liabilities and charges | 164/5 | €23,465 | €23,602 | +€137 | +0.6% |
| Amounts payable | 17/49 | €1,236,283 | €1,238,096 | +€1,813 | +0.1% |
| Amounts payable within one year | 42/48 | €352,397 | €356,469 | +€4,072 | +1.2% |
| Trade debts | 44 | €97,789 | €91,732 | -€6,057 | -6.2% |
| Suppliers | 440/4 | €97,789 | €91,732 | -€6,057 | -6.2% |
| Taxes, remuneration and social security | 45 | €253,437 | €262,983 | +€9,546 | +3.8% |
| Remuneration and social security | 454/9 | €253,437 | €262,983 | +€9,546 | +3.8% |
| Accrued charges and deferred income | 492/3 | €883,886 | €881,627 | -€2,259 | -0.3% |
| Turnover | 70 | €143,065 | - | -€143,065 | |
| Non-recurring operating income | 76A | €241,922 | €2,703 | -€239,219 | -98.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,387,922 | - | -€1.4m | |
| Remuneration, social security and pensions | 62 | €2,636,141 | €2,738,047 | +€101,906 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,868 | €21,117 | +€1,249 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,589 | €0 | -€1,589 | -100.0% |
| Other operating charges | 640/8 | €64,514 | €28,576 | -€35,938 | -55.7% |
| Non-recurring operating charges | 66A | €297 | €12 | -€285 | -95.8% |
| Gross operating margin | 9900 | €2,559,674 | €2,646,374 | +€86,700 | +3.4% |
| Operating profit (loss) | 9901 | -€162,735 | -€141,378 | +€21,357 | +13.1% |
| Financial income | 75/76B | €105,707 | €61,677 | -€44,030 | -41.7% |
| Recurring financial income | 75 | €105,707 | €61,677 | -€44,030 | -41.7% |
| Financial charges | 65/66B | €844 | -€15,023 | -€15,867 | |
| Recurring financial charges | 65 | €844 | -€15,023 | -€15,867 | |
| Profit (loss) for the period before taxes | 9903 | -€57,872 | -€64,678 | -€6,806 | -11.8% |
| Profit (loss) for the period | 9904 | -€57,872 | -€64,678 | -€6,806 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,872 | -€64,678 | -€6,806 | -11.8% |
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 9 October 2026 via checked.be.